BetaPro S&P 500 2x Daily Bull ETF (HSU.TO), now trading under the ticker SPXU, is a leveraged exchange-traded fund managed by Global X Investments Canada Inc. that seeks daily investment results, before fees and expenses, corresponding to two times (200%) the daily performance of the S&P 500 Index. The ETF, denominated in Canadian dollars, provides amplified exposure to large-cap U.S. equities through forward agreements and other financial instruments, with assets typically invested in cash equivalents, short-term debt instruments, or treasury bills as collateral; it employs leverage not exceeding two times its net assets and is rebalanced daily to limit risk to the current investment value, without aiming for performance over periods longer than one day. HSU trades on the Toronto Stock Exchange and is suitable for all registered and non-registered accounts, targeting sophisticated, high-conviction traders seeking bullish views on the S&P 500 without margin accounts.
Launched on June 17, 2008, the ETF is headquartered in Toronto, Ontario, at 55 University Avenue, Suite 800, under the management of Global X Investments Canada Inc., a subsidiary of Mirae Asset Financial Group. Its portfolio primarily reflects S&P 500 constituents, with top holdings including NVIDIA Corp. (8.47%), Apple Inc. (6.88%), and Microsoft Corp. (6.60%) as of October 31, 2025; sector allocations emphasize information technology (36.12%), financials (12.86%), and consumer goods (10.53%), while geographic exposure is overwhelmingly U.S.-focused (98.22%).
In recent developments, Horizons ETFs Management (Canada) Inc. rebranded to Global X Investments Canada Inc. effective May 1, 2024, aligning with its parent company's international Global X brand to enhance recognition and support growth in assets under management; concurrently, HSU.TO transitioned to the ticker SPXU and the dedicated BetaPro.ca platform for leveraged ETFs. The management expense ratio stands at 1.44% and trading expense ratio at 1.50% as of June 30, 2025, with net assets reaching approximately C$165.5 million as of December 15, 2025.