Longpoint ETFs: Navigating Single Stock ETFs with a Canadian Lens
From a boat off Newfoundland’s coast, Longpoint ETFs CEO Steven Hawkins shares how single stock ETFs are reshaping the Canadian investor playbook.
Why single stock ETFs are gaining attention—and what investors need to know about their risks and rewards
In a recent conversation with BTV, Longpoint ETFs CEO Steven Hawkins broke down how single stock ETFs are shifting the Canadian investment landscape. Designed for active investors, these products offer exposure to high-profile U.S. stocks—such as Tesla, Nvidia, or Apple—within a Canadian-listed vehicle. This removes the need for currency conversion or direct margin and options trading.
Unlike traditional ETFs, which hold diversified baskets of stocks, single stock ETFs track just one company and can incorporate strategies like daily leverage or yield enhancement through options. This focused structure can magnify returns—but also amplifies risk. “These ETFs are not intended as long-term holdings,” Hawkins cautions, “you could potentially lose your entire investment in one day.”
For investors looking to respond quickly to macroeconomic trends or who have a strong thesis on a particular U.S. stock, single stock ETFs offer a simplified toolset. However, Hawkins emphasizes they are best viewed as short-term tactical holdings, not core portfolio components. Liquidity and performance are closely tied to the underlying stock, making it essential for investors to stay informed and engaged.
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