AMDU: the SavvyLong (2X) AMD ETF, explained

Short answer: AMDU is the SavvyLong (2X) AMD ETF from LongPoint Asset Management, which targets two times the daily return of Advanced Micro Devices stock, resetting every day. It began trading on the TSX on June 16, 2026 and charges a 1.55% management fee. It is a short-term trading tool, not an investment.

LongPoint runs Canada’s only suite of double-leveraged single-stock ETFs under the SavvyLong and SavvyShort brands, and in June 2026 it added AMD, Micron (MUU), and SpaceX (ORBU) to the family. The mechanics matter more than the stock, so this page is mostly about the mechanics. It is not financial advice.

What AMDU is

AMDU at a glance

Attribute	Detail
Ticker	AMDU
Issuer	LongPoint Asset Management (SavvyLong suite)
Target	2X the daily return of AMD common stock
Management fee	1.55%
Distributions	Annual, if any
Currency	Trades in CAD; USD exposure unhedged
Status	Trading on the TSX since June 16, 2026

The pitch is convenience: the borrowing and derivatives happen inside the fund, so a trader gets levered AMD exposure in a regular Canadian brokerage account, no margin required, with losses capped at what you put in.

The catches

• Volatility decay is not a footnote. AMD is a semiconductor stock that routinely moves 5% in a day. The more a stock whipsaws, the more a daily-reset 2X fund bleeds relative to two-times-the-stock. Holding AMDU for months is a bet on a smooth, sustained rally, which is not how semiconductor stocks usually move.
• Currency stacks on top. The fund trades in Canadian dollars but the exposure is a U.S. stock, unhedged. A rising loonie eats into levered gains.
• 1.55% plus financing costs. The management fee is the visible cost; the borrowing inside the fund is the invisible one.
• Single-stock concentration, doubled. There is no diversification here by design.

Frequently asked questions

When did AMDU launch?

It began trading on the TSX on June 16, 2026, alongside LongPoint’s Micron and SpaceX 2X funds.

Can I hold AMDU long term?

You can, but the product is not built for it. The 2X target applies to each day separately, and compounding over longer holds can produce results far from two times AMD’s return, sometimes dramatically so. Our leveraged single-stock ETF guide works through the math.

Can AMDU go to zero?

Effectively yes. LongPoint’s documents note that a single-day move of more than 50% against the position could result in total loss. AMD falling 50% in one day is extreme, but with 2X exposure the fund does not need that to suffer devastating drawdowns.

Bottom line

AMDU does what it says, two times AMD’s daily move, and everything difficult about it flows from those words “daily move.” It is a tool for short-horizon traders with a specific view, sized like a bet. If it shows up in your account, Greenline will show you exactly how much of your portfolio is riding on one chipmaker.