Key stats
About MegaLong (3X) Canadian Gold Miners Daily Leveraged Alternative ETF
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Inception date
May 29, 2025
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
LongPoint Asset Management, Inc.
ISIN
CA54315B7060
The fund as a leveraged product, is not a buy-and-hold ETF, its a short-term tactical instrument. Like many leveraged funds, it aims to deliver its 3x exposure only over a one-day holding period. Over longer periods, returns can vary significantly from its headline 3x exposure to Canadian companies active in the gold mining industry. The fund is market-cap-weighted, with individual constituents capped at 25% of the index weight. As a short-term instrument, the total cost of owning CMGU is more dependent on liquidity than management costs, knowledge of the benefits, risks and pitfalls of geared products is paramount. The USD exposure is not hedged.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CGMU assets under management is 30.88 M CAD. It's risen 69.01% over the last month.
CGMU fund flows account for 0.00 CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, CGMU doesn't pay dividends to its holders.
CGMU shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on May 29, 2025, and its management style is Passive.
CGMU follows the Solactive Canadian Gold Miners Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CGMU trades at a premium (1.26%) meaning the ETF is trading at a higher price than the calculated NAV.