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MegaLong (3X) S&P 500® Daily Leveraged Alternative ETF
SPYU (MegaLong (3X) S&P 500® Daily Leveraged Alternative ETF) is an index US Equity ETF by MegaLong. With a 1.55% MER, it provides diversified exposure.
SPYU by MegaLong is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 1.55% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
It can be held in a TFSA, RRSP, or non-registered account depending on your investment strategy.