About LONGPOINT ETF CORP SAVVYSHORT GEARED NATURAL GAS ETF
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Inception date
Nov 29, 2024
Structure
Canadian Mutual Fund Corporation (ON)
Primary advisor
LongPoint Asset Management, Inc.
The fund is an inverse ETF, and like all geared products, is intended to be held only for short periods. It is not appropriate for buy-and-hold investors. The fund provides up to -2x the return of a natural gas futures index on a daily basis. The index consists of two rolling natural gas future components weighted based on settlement and expiry signals. Daily compounding of returns can lead to the fund's returns varying significantly from the -2x exposure over a longer holding period. The fund is a tactical tool, so trading costs and volume matter.
Classification
Displays a symbol's price movements over previous years to identify recurring trends.