Global X Investments Canada has launched six PowerStock ETFs on the TSX, targeting about 33% additional exposure to Alphabet, Amazon, Apple, NVIDIA, SpaceX and Tesla without a margin account. Each fund aims for about 1.33x stock exposure, or roughly $133 of stock for every $100 invested, and can be held in registered accounts such as TFSAs and RRSPs. The ETFs do not write covered calls and use modest leverage that is not reset daily, unlike some leveraged ETFs that target two or three times a stock's daily return. Gains and losses are magnified in both directions, and each fund is concentrated in a single company without diversification. Borrowing costs, fees and market conditions also affect returns.
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