TORONTO – June 27, 2017 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) and National Bank Direct Brokerage (“NBDB”) are pleased to announce that Maxwell Carr from Mississauga, Ontario is the grand prize winner of Horizons ETFs Biggest Winner 7 Trading Competition (the “Competition”). With the highest six-week cumulative return of 15.95%, Mr. Carr has been awarded the grand prize of $7,500.
The Competition, which ran from May 8 to June 16, 2017, had nearly 2,000 registrants – a 30% participation increase over last year’s contest. Eligible registrants opened a fantasy brokerage account, which began with a balance of $100,000 in notional Canadian dollars. Competitors used these fantasy funds to place simulated trades amongst the more than 400 ETFs listed on the Toronto Stock Exchange. Simon Bolton-Smith, from White Rock, British Columbia, won $2,500 for having the second-highest six-week cumulative return of 15.79%. In addition, six weekly prizes of $500 were awarded to each of the best single-week returns.
For the third year in a row, the Competition gave participants access to the entire universe of ETFs listed on the Toronto Stock Exchange. The top 15 ETFs traded in the contest all belonged to the BetaPro family of leveraged, inverse leveraged and volatility ETFs. The two most traded ETFs were the BetaPro S&P 500 VIX Short-Term Futures™ 2x Daily Bull ETF (“HVU”) and the BetaPro Crude Oil 2x Daily Bull ETF (“HOU”). HVU endeavours to correspond, before fees and expenses, to two times (200%) the daily performance of the S&P 500 VIX Short-Term Futures Index™. HOU endeavours to correspond, before fees & other expenses, to two times (200%) the daily performance of the Solactive Light Sweet Crude Oil Front Month MD Rolling Futures Index ER.
“Throughout this Competition, participants could choose to invest in any ETF listed on the Toronto Stock Exchange. The very high use of BetaPro ETFs among the winners emphasizes the tremendous potential that these types of tactical investment tools can be to meet the short-term trading objectives for Canadian investors,” said Steve Hawkins, President and Co-CEO of Horizons ETFs. “This year’s Competition really gave participants the chance to learn how to use ETFs tactically and explore different trading strategies that might work best for them.”
NBDB has been the exclusive sponsor of the Biggest Winner Competition for the past six editions.
“National Bank Direct Brokerage would like to congratulate Maxwell Carr, Simon Bolton-Smith and the rest of the prize winners of this year’s Biggest Winner Trading Competition,” said Laurent Blanchard, President of National Bank Direct Brokerage. “We’ve been the exclusive sponsor of this contest for the past six editions, and we have seen how the interest from Canadian investors for ETFs keeps growing. That is one of the main reasons why we are offering seminars and webinars for those who want to navigate this type of investment. Whether it’s a contest or real life, preparation is key when it comes to do-it-yourself investing.”
In total, Horizons ETFs awarded $13,000 in cash prizes. The winners were:
Grand Prize: Maxwell Carr, Mississauga, Ontario
Runner-up: Simon Bolton-Smith, White Rock, BC
Week One: Simon Duhaime, Saint-Lazare, QC
Week Two: Mark Zakus, Toronto, ON
Week Three: Maxwell Carr, Mississauga,ON
Week Four: Karen Dermott, Barrie, ON
Week Five: Jean-Louis Pulitano, St-Eustache, QC
Week Six: Christina McIntyre, Dieppe, NB
About National Bank Direct Brokerage (www.nbdb.ca)
National Bank Direct Brokerage is a trademark of National Bank Direct Brokerage Inc., a wholly owned subsidiary of National Bank of Canada. National Bank Direct Brokerage offers no advice and makes no investment recommendations. The client alone is responsible for the financial and tax consequences of his or her investment decisions. National Bank Direct Brokerage is a member of the Canadian Investor Protection Fund.
About National Bank of Canada (www.nbc.ca)
With $234 billion in assets as at January 31, 2017, National Bank of Canada, together with its subsidiaries, forms one of Canada’s leading integrated financial groups. The Bank has more than 21,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
About Horizons ETFs Management (Canada) Inc.
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies offering the Horizons ETFs family of exchange traded funds. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $7.8 billion of assets under management and with 77 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Global Investments Group.
For investor inquiries:
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Mark Noble, Senior Vice-President and Head of Sales Strategy
Horizons ETFs Management (Canada) Inc.