The changes are set to take effect April 1.Global X Investments Canada Inc. is permanently reducing the annual management fees for one of its ETFs, the asset manager has announced.The management fee for the Global X Active Canadian Municipal Bond ETF (TSX: HMP) has been reduced to 0.25% from 0.29%. The fund invests primarily in a portfolio of Canadian municipal bonds denominated in Canadian dollars.New target cash flow units launchedBMO Asset Management Inc. has added a new series of units to some of its ET ...

Core Insights - The ETF market is experiencing significant innovation with a surge in single-stock ETFs, particularly from Harvest Portfolios Group Inc. and Purpose Investments Inc. [1][2] - LongPoint Asset Management Inc. has introduced highly leveraged ETFs, including those that provide inverse exposure to major stocks like Nvidia and Tesla [2][3] - The fixed-income ETF segment is also expanding, with multiple firms launching target-date bond ETFs [6][7] - The cryptocurrency ETF market is growing, with several new products offering leveraged exposure [5] - Despite the growth in new products, some niche ETFs have been terminated, indicating a shift in market focus [13][14] Single-Stock ETFs - Harvest Portfolios Group Inc. launched 27 new single-stock ETFs, while Purpose Investments Inc. added 17 [1] - LongPoint Asset Management Inc. introduced 15 ETFs that offer twice the daily movement of single stocks, focusing on major U.S. and Canadian companies [2] Leveraged and Inverse ETFs - LongPoint's offerings include triple-leveraged and inverse-leveraged ETFs, branded as MegaLong and MegaShort, linked to various indexes [3] - Global X Investments Canada Inc. expanded its BetaPro suite with new products tied to three times daily gains or losses of market indices [4] Fixed-Income ETFs - RBC Global Asset Management Inc. added three new target-date bond ETFs, facing competition from other firms like National Bank Investments Inc. and BMO Investments Inc. [6][7] - The total number of target-date bond ETFs launched this year reached 22 across various providers [7] Cryptocurrency ETFs - A total of 19 new cryptocurrency ETFs were launched by seven companies, including BlackRock and 3iQ Corp., with some offering leveraged exposure [5] Market Dynamics - The Canadian ETF market saw significant product launches, with BMO Investments leading with 24 new ETFs, while BlackRock's market share increased slightly to 25.7% [16] - Vanguard Investments Canada Inc. maintained its market share at 14.4% without introducing new products [17] Terminations and Market Shifts - Several niche ETFs, including carbon-credit and metaverse ETFs, were terminated, reflecting changing investor preferences [13][14] - Invesco Canada Ltd. cut back on its ESG-themed ETFs, eliminating seven from its lineup [14]

Core Viewpoint - LongPoint Asset Management Inc. has launched two new Savvy Double Leveraged Single Stock ETFs, NVDD and TSLD, providing two times leveraged short exposure to NVIDIA and Tesla, respectively [1][2][3] Group 1: ETF Launch Details - The newly launched Savvy ETFs are the first Canadian-domiciled inverse double-leveraged single-stock ETFs, listed on the Toronto Stock Exchange (TSX) under the tickers NVDD and TSLD [2][4] - These ETFs complement the existing lineup of six double-leveraged long single-stock Savvy ETFs launched earlier in the year, which include AAPL, AMZN, GOOGL, MSFT, NVDA, and TSLA [3][5] - The ETFs aim to provide daily investment results that correspond to either two times (2X) or two times the inverse (-2X) of the daily return of the respective common stock [4][6] Group 2: Market Positioning and Strategy - LongPoint's CEO emphasized the importance of providing Canadian investors with the ability to tactically position their portfolios around specific stocks like NVIDIA and Tesla, without incurring additional currency conversion costs [4][6] - The launch of these ETFs is part of LongPoint's strategy to enhance the Canadian ETF ecosystem and provide innovative investment solutions [6][11] - LongPoint has also filed a preliminary prospectus for two additional inverse double-leveraged single-stock ETFs linked to MicroStrategy and Coinbase, indicating ongoing expansion in the ETF market [9][10]

Core Insights - Universal Digital Inc. has launched two double leveraged ETFs, MSTU and COIU, in partnership with LongPoint Asset Management, aimed at providing Canadian investors with enhanced exposure to key equities in the crypto sector [1][2][3] Group 1: ETF Launch Details - The newly launched ETFs are the first Canadian domiciled, double leveraged ETFs focused on MicroStrategy and Coinbase, providing amplified exposure to digital asset companies [1][2] - The ETFs are designed to provide 2X daily exposure to the respective U.S.-listed stocks, MicroStrategy Inc. (MSTU) and Coinbase Global Inc. (COIU) [5][6] - Both ETFs will be traded in Canadian dollars on the Toronto Stock Exchange (TSX) [1][2] Group 2: Company Vision and Strategy - The vision of Universal Digital is to bridge traditional and digital asset economies, enabling tactical access to leveraged exposure for Canadian investors [2][6] - LongPoint Asset Management emphasizes the innovative nature of these ETFs, catering to investors looking to manage short-term positions amid market volatility [2][7] Group 3: Market Position and Expertise - Universal Digital Inc. focuses on high-growth industries, particularly in blockchain and cryptocurrencies, aiming for long-term capital growth through a diversified investment approach [6] - LongPoint Asset Management boasts over 70 years of combined expertise in the ETF market, enhancing the credibility and potential success of the newly launched ETFs [7]

Core Viewpoint - Universal Digital Inc. has filed a preliminary prospectus for the launch of two new leveraged exchange-traded funds (ETFs) in partnership with LongPoint Asset Management, aimed at providing Canadian investors with amplified exposure to Coinbase and MicroStrategy [1][3][7] Group 1: ETF Details - The proposed ETFs are the LFG Daily (2X) COIN Long ETF (COIU ETF) and the LFG Daily (2X) MSTR Long ETF (MSTU ETF), designed to deliver twice the daily performance of Coinbase Global Inc. and MicroStrategy Inc., respectively [1][2] - Both ETFs will be structured as alternative mutual funds and are expected to be listed on the Toronto Stock Exchange (TSX) under the ticker symbols "COIU" and "MSTU" [2][4] - The ETFs are anticipated to be the first of their kind available for investors on a Canadian stock exchange, with significant existing investments in similar U.S. ETFs [4][5] Group 2: Partnership and Management - Universal Digital and LongPoint entered into a partnership agreement on May 21, 2025, to establish, operate, and market the ETFs in Canada, with LongPoint serving as the investment fund manager [3][5] - LongPoint brings over 70 years of combined expertise in the ETF market, focusing on compliance and operational management [10] Group 3: Market Context - There are currently over US$3.6 billion in assets invested in 2X long MSTR targeted ETFs and nearly US$850 million in 2X long COIN targeted ETFs in the U.S., indicating a strong market demand for such products [4]