The funds offer 2x daily long exposure to AMD, Micron Technology and SpaceX.

LongPoint Asset Management (LongPoint), an Ontario-based asset management firm, has broadened its product suite with the launch of three single-stock double-leveraged exchange-traded funds (ETFs) on the Toronto Stock Exchange. The products form part of LongPoint’s Savvy ETF range The funds include the SavvyLong (2X) AMD ETF (AMDU), SavvyLong (2X) Micron ETF (MUU) and the SavvyLong (2X) SpaceX ETF (ORBU), each offering two times the daily long return of their respective underlying stock