More than half the competitors in ETF contest beat the stock market
TORONTO, June 7, 2012 /CNW/ - James Buchan from Ottawa was able to find
opportunity in very difficult market conditions, generating a 31.90%
return over a two-month period. Mr. Bucnan's stellar return earned him
$5,000 cash as the grand prize winner of the Horizons ETFs Biggest
Winner Competition (the "Competition"), which was run and sponsored by Horizons Exchange Traded Funds Inc.
("Horizons ETFs") and hosted on Stockhouse.com.
Nearly 1400 people registered to participate in the Competition, which
ran from April 10, 2012 to May 31, 2012. The Competition used a
real-time virtual online brokerage account, where investors bought and
sold any of the 86 ETFs offered by Horizons ETFs throughout any trading
day. Each participant's virtual trading account was funded with
$100,000 CAD of fantasy dollars for them to trade the ETFs. More than
21,500 ETF trades were made during the course of the competition.
Horizons ETFs offers a broad range of ETFs exposed to a wide variety of
assets and markets, including the largest suite of leveraged, inverse,
and actively managed ETFs in Canada.
Mr. Buchan's best ETF trade was a well-timed purchase of the Horizons
BetaPro S&P 500 VIX Short-Term Futures™ Bull Plus ETF which generated a
$12,280 return for his account.
The runner-up in the Competition, who earned a $1,000 cash prize, was
John McDonald from Toronto, who generated a 31.89% return, less than
0.01% behind the 1st place return and which represented a difference of about $8.00 in
Mr. Buchan and Mr. McDonald were joined by 78 other participants who
generated double-digit returns of 10% or greater during the nearly two
months the competition ran.
"Generating a double-digit market return during any two-month period is
impressive enough. To do so during a period where the stock markets are
negative is phenomenal," said Howard Atkinson, President & CEO of Horizons ETFs. "These are the kind of returns you read about coming from prominent
Hedge Fund Managers, but the participants in our competition are not
household name fund managers, they are investors from all walks of
life. It just goes to show, you don't have to work on Bay Street to be
a top-notch investor.
This achievement is all the more impressive considering that many major
asset classes, delivered negative returns while the competition was
running. In fact, 54% of the participants beat the S&P/TSX 60™ Index
return of -3.49% during the course of the Competition.
"To be successful in difficult market conditions, investors had to be
tactical and make good use of ETFs that delivered returns that were
inverse or non-correlated to stock markets," said Mr. Atkinson. "Beating the market is an amazing feat, the fact more than half of our
participants did so speaks volumes to how effective our suite of ETFs
are in helping investors navigate different types of market
In total, more than $10,000 in cash prizes were handed out during the
course of the Competition, including eight $500 weekly prizes to the
portfolios with best weekly returns.
About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)
Horizons ETFs is an innovative financial services company offering the
Horizons ETFs family of ETFs. 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 more than $3.4 billion in
assets under management and 86 ETFs listed on the TSX, the Horizons
ETFs family makes up one of the largest families of ETFs in Canada.
Horizons ETFs is a subsidiary of Horizons ETFs Management (Canada) Inc.
and a member of the Mirae Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.
For further information:
Howard Atkinson, President & CEO, Horizons ETFs, (416) 777-5167 or firstname.lastname@example.org