More than $10,000 in cash prizes to be won in Canada's preeminent ETF trading contest
TORONTO, May 9, 2016 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and National Bank Direct Brokerage ("NBDB") are pleased to announce the launch of the sixth edition of the Biggest Winner Trading Competition, a simulated exchange traded fund ("ETF") investment contest that provides Canadian investors with the opportunity to learn about trading in a risk-free environment while competing for cash prizes. Entry to the Biggest Winner is free, with no purchase necessary.
Eligible registrants open a simulated brokerage account that begins with a balance of $100,000 notional Canadian dollars (no actual money will be traded). Registrants can then use these fantasy funds to trade any combination of ETFs listed on the Toronto Stock Exchange ("TSX").
"There is almost $100 billion invested in Canadian-listed ETFs. In fact, self-directed Canadian investors have more money in ETFs than Canadian mutual funds. ETFs are by no means a fad, and we fully expect them to become the vehicle of choice for the majority of Canadian investors in the not too distant future," said Steve Hawkins, Co-CEO, Horizons ETFs. "Our Biggest Winner contest gives Canadian investors of all skill levels the chance to learn about ETF investing without any financial risk, while potentially winning cash prizes."
The Biggest Winner Trading Competition, which started today at 9:30 a.m. (EST), runs for six weeks and ends at 4 p.m. (EST) on June 17, 2016. There will be a grand prize of $7,500 for the competitor with the highest six-week cumulative return. The runner-up will be awarded $2,500; in addition, six weekly prizes of $500 will be awarded to each of the best single week returns.
Over 6,000 Canadians participated in the previous five competitions. NBDB will once again be the exclusive sponsor of this year's competition.
"NBDB has been working for several years to help investors learn about the direct brokerage channel," said Laurent Blanchard, President of NBDB. "With this contest, we are continuing our commitment. The exercise enables the discovery of the basic concepts associated with portfolio management and favours learning. In our opinion, it is an excellent way to do one's homework as an investor before entering into the universe of do-it-yourself investing."
To register for Biggest Winner, or to read the full contest rules and details, as well as ETF educational materials, please visit the website at http://thebiggestwinner.stocktrak.com.
About National Bank Direct Brokerage
National Bank Direct Brokerage is a trademark of National Bank Direct Brokerage, 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
With $219 billion in assets as at January 31, 2016, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has close to 20,000 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. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies, which combined make up one of the largest families of exchange traded funds in Canada. The Horizons ETFs' product suite includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs currently has more than $6 billion in assets under management and has 72 ETFs listed on the Toronto Stock Exchange. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Global Investments Group.
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 Exchanged Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. Certain Horizons Exchange Traded Products may have exposure to leveraged investment techniques that can magnify gains and losses and which may result in greater volatility of returns and could be subject to aggressive investment risk and price volatility risk. The prospectus contains important detailed information about each Horizons Exchange Traded Product. Please read the applicable prospectus before investing.
SOURCE Horizons ETFs Management (Canada) Inc.
For further information: Olivia Fazekas, Manager, Public Relations, Horizons ETFs Management (Canada) Inc., (416) 640-8255, firstname.lastname@example.org