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LongPoint ETFs
A 2x daily inverse fund: resets daily, built for short holding periods.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Leveraged inverse exposure to the underlying commodity. This fund is built for amplified inverse daily moves. Daily reset and compounding can produce longer-period results that differ materially from a simple opposite multiple of the reference market.
| Leverage | 2x, daily reset | risk↓ |
| Currency | CAD-unhedged | facts↓ |
| Wrapper | Inverse | holdings↓ |
This fund references a single commodity, but its daily objective is inverse to that reference: it is built to rise when the commodity price falls, resets daily, and long-period results can differ materially from the opposite of the price move.
Source: fund provider disclosure.
No published management fee was available for this fund. Daily-reset leverage adds borrowing and derivative costs that are reflected in the fund's returns rather than in this fee.
How durable the fund is, and what moved its price.
| Leverage / overlay | 2x inverse (daily reset) |
What moved the price
| Ticker | NGDN.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Commodities |
| Structure | Inverse |
| Theme | Energy Commodities |
| Provider | LongPoint ETFs |
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Prices as of last close.
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