HORIZONS ETFs AND NATIONAL BANK DIRECT BROKERAGE LAUNCH 12th BIGGEST WINNER TRADING COMPETITION Français
$21,000 in cash prizes up for grabs through Canada's leading ETF trading contest
TORONTO, May 15, 2023 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and National Bank Direct Brokerage ("NBDB") are pleased to announce today's launch of the 12th edition of the Biggest Winner trading competition (the "Biggest Winner"), a simulated exchange traded fund ("ETF") investment contest of ETFs listed on the Toronto Stock Exchange ("TSX").
The Biggest Winner allows eligible Canadian investors to learn about trading in a simulated risk-free environment while competing for real cash prizes. Participants open a simulated online brokerage account that starts with a balance of $100,000 virtual Canadian dollars (no actual money will be traded). They can then use these fantasy funds to virtually trade any ETF listed on the TSX. Entry and participation in the contest are free, with no purchase necessary.
"I'm excited to be leading the 12th edition – and my first – Biggest Winner competition. With $21,000 in cash available to be won by Canadians, I'm confident that this will be the biggest, Biggest Winner competition yet," said Rohit Mehta, President & CEO of Horizons ETFs. "With the continued support of National Bank Direct Brokerage and the Toronto Stock Exchange, we are excited to kick off this year's competition and offer investors the opportunity to learn, trade, and grow their skills in trading ETFs in Canada."
The Biggest Winner starts today and runs for six weeks, ending at 4 p.m. (Eastern) on June 23, 2023. The prizes include a first-place prize of $10,000 awarded to the contestant with the highest six-week cumulative return, while the runner-up will receive $5,000. In addition, six weekly prizes of $1,000 will be awarded to the contestants with the best single-week return.
For the 12th edition, the Biggest Winner will also introduce a new way to win prizes: a random weekly draw accessible for competition participants that executed three or more trades in the previous week. Each week, one lucky trader will be eligible to win a $100 Amazon gift card.
"Today, investors have access to a wide range of Canadian-listed ETFs and the Biggest Winner competition offers a great opportunity to test strategies and learn about trading ETFs in a simulated environment," said Claude-Frédéric Robert, President of National Bank Direct Brokerage. "This aligns with the role we play in training future investors."
Through its previous 11 editions, Biggest Winner competitions have hosted approximately 20,000 participants and awarded over $150,000 in cash prizes.
"Toronto Stock Exchange is a proud supporter of the Canadian ETF ecosystem and remains committed to innovating for our clients and investors alike," said Graham Mackenzie, Managing Director, Exchange Traded Products, Toronto Stock Exchange. "We are excited to once again support Horizons ETFs in the Biggest Winner trading competition, as they continue to drive ETF adoption and education."
This year, Horizons ETFs is proud to introduce The Biggest Winner's first-ever "Featured Traders." Participants in the Biggest Winner 12 will be able to follow the progress of five featured traders via a leaderboard within the competition platform. The inaugural Featured Trader roster includes:
- James Lindhe, Biggest Winner 11 grand prize winner, Toronto, ON
- Tony Dong, ETF Writer and Analyst, Vancouver, BC
- Zachary Hartley, Financial Creator (@zac__hartley, YouTube), Calgary, AB
- Joyee Yang, Financial Creator (@joyeeyan0, @joyeeeyangg, @joyeeyang), Toronto, ON
- Vanessa Quinn, Financial Creator (@wealthxlab), Toronto, ON
For more information on The Biggest Winner 12 Featured Traders, visit: https://learn.stocktrak.com/horizon/featured-traders/
To register for the Biggest Winner, for full contest rules, and to access ETF educational materials, please visit www.TheBiggestWinner.ca.
National Bank Direct Brokerage (NBDB) is a division of National Bank Financial Inc. (NBF), as well as a trademark owned by National Bank of Canada (NBC) that is used under licence by NBF. NBF is a member of the Investment Industry Regulatory Organization of Canada, the Canadian Investor Protection Fund, and is a subsidiary of NBC, a public company listed on the Toronto Stock Exchange (TSX: NA). NBDB provides order execution only services and makes no investment recommendations.
With $418 billion in assets as at January 31, 2023, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 30,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its 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.
Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family 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 has more than $25 billion of assets under management and 108 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $710 billion of assets across 13 countries around the world.
Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.
Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.
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 Management (Canada) Inc. or its products.
SOURCE Horizons ETFs Management (Canada) Inc.
For all inquiries: Please contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745, [email protected]
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