Montreal resident tops 1,400 participants in popular ETF trading contest
TORONTO, Nov. 29, 2013 /CNW/ - With a hypothetical return of 17.9% over
a six-week period, Anouchka Lemieux of Montreal, Quebec, has been named
the winner of the 3rd Horizons ETFs Biggest Winner Competition (the "Competition"), which was promoted by Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and sponsored by National Bank Direct Brokerage Inc. ("NBDB"). Ms. Lemieux's top portfolio performance earned her the grand prize
of $7,500 in cash.
Nearly 1,400 people participated in the Competition - a record number
for Horizons ETFs - which ran from October 7 to November 15, 2013. The
Competition used virtual online brokerage accounts, in which each
participant started with $100,000 in fantasy dollars. Participants were
able to buy or sell, on a hypothetical basis, any of the 73 exchange
traded funds ("ETFs") offered by Horizons ETFs, at any time throughout regular trading
"National Bank Direct Brokerage is proud to have sponsored a competition
that encouraged the public to take part in a market simulation exercise
as a risk-free way to get acquainted with ETFs," said Nancy Paquet, President of NBDB. "Congratulations to all participants."
The Competition's website received nearly 35,000 unique visitors and had
more than 16,500 trades placed, making it by far the most popular
Biggest Winner contest to date.
"Each time we run this competition, it gets bigger and better," said Howard Atkinson, President of Horizons ETFs. "Participants seem to be getting better as well, since each of the top
20 portfolios this time around generated returns of 10% or more. This
is a phenomenal achievement for a six-week investment period."
Ms. Lemieux's top trade came from a well-timed purchase of the Horizons
BetaPro S&P 500 VIX Short-Term Futures™ Inverse ETF ("HVI"), which seeks to deliver the inverse performance of the S&P 500 VIX
Short-Term Futures Index™. Ms. Lemieux held that position for 41 days,
generating a hypothetical profit of more than $9,700 for her portfolio.
"With volatility declining and U.S. stocks surging over the course of
the Competition, the top competitors were able to take advantage of
strong markets to generate sizable returns," said Mr. Atkinson.
Alex Macdonald of Markham, Ontario, also held a position in HVI, which
helped him to finish the competition with a 15.7% return. Mr. Macdonald
received $2,500 as runner up and $500 for the best return in the fifth
None of the Competition's winners were advisors or professional money
managers. 82% of registered participants described themselves as
investors without financial advisors, and 65% said they had never
traded ETFs before.
"Time and again, the Biggest Winner Competition shows us how much
investing talent there is amongst ordinary Canadians. The low-cost,
flexible nature of ETFs allows investors to implement investment
strategies, on their own, tailored to their knowledge and risk levels,"
said Mr. Atkinson. "The big takeaway is that ETF investing doesn't have to be intimidating;
with a little time and self-education, investors can do quite well at
navigating different market conditions."
In total, Horizons ETFs awarded $13,000 in cash prizes during the
Competition, including 6 individual $500 prizes for portfolios with the
best weekly returns. The winners were:
Anouchka Lemieux from Montreal, Que (17.82% overall gain)
Alex Macdonald from Markham, ON (15.73% overall gain)
Tim Morgan of Fort McMurray, AB (11.2% one-week return)
Suzy Chumbo of Toronto, ON (8.1% one-week return)
Darlene North of Turner Valley, AB (9.6% one-week return)
Christian Dent of Langley, BC (9.5% one-week return)
Alex Macdonald of Markham, ON (3.2% one-week return)
Loan Crisan of Vaughan, ON (4.4% one-week return)
Commissions, trailing commissions, management fees and expenses all may
be associated with an investment in exchange traded products managed by
AlphaPro Management Inc. and Horizons ETFs Management (Canada) Inc.
(the "Horizons Exchange Traded Products"). The Horizons Exchange Traded
Products are not guaranteed, their values change frequently and past
performance may not be repeated. Please read the relevant prospectus before investing.
HVI is a speculative investment tool, is very different from other
Canadian exchange-traded funds, and can be used for diversification or
as a partial hedge against market conditions. HVI is not a conventional
investment. HVI is designed to provide investment results that
endeavour to correspond to the performance of one times the inverse
(opposite) of, the daily performance of the S&P 500 VIX Short-Term
Futures™ Index (the "S&P VIX S-T Index"). The S&P VIX S-T Index tracks
the implied market volatility, not market returns and has tended to
have a low to negative correlation to equity market returns. The S&P
VIX S-T Index is highly volatile. As a result, it is not generally
viewed as a stand-alone long term investment. Historically, the S&P VIX
S-T Index has tended to revert to a historical mean. As a result, the
performance of the S&P VIX S-T Index is expected to be negative over
the longer term. Historically, the S&P VIX S-T Index has experienced
significant one day increases when equity markets have had large
negative returns which, if repeated, could cause HVI to suffer
substantial losses. Investors should monitor their investment in an ETF
"Standard & Poor's®" and "S&P®" are registered trademarks of S&P Dow
Jones Indices LLC ("S&P"). These marks have been licensed for use by Horizons ETFs. HVI is not
sponsored, endorsed, sold, or promoted by S&P or its affiliated
companies and S&P does not make any representation, warranty or
condition regarding the advisability of buying, selling and holding
units of HVI.
National Bank Direct Brokerage makes no representation or guarantee,
whether explicit or implicit, as to the suitability of investing in
exchange-traded funds, or does it endorse Horizons ETFs or its
About National Bank Direct Brokerage
National Bank Direct Brokerage is 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 consequences of his or her investment decisions.
National Bank Direct Brokerage is a member of the Canadian Investor
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
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. With
approximately $4.2 billion in assets under management and 73 ETFs
listed on the Toronto Stock Exchange (as at Oct. 31, 2013), 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.
SOURCE: Horizons ETFs Management (Canada) Inc.
For further information:
Howard Atkinson, President
Horizons ETFs Management (Canada) Inc.
(416) 777-5167 or email@example.com