TORONTO, April 10, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") is proud to announce the start of the Horizons ETFs Biggest Winner Competition (the "Competition"), an exchange traded fund ("ETF") investing simulator with $10,000 in cash prizes to be won. The Competition is free-to-enter with no purchase necessary.
The Competition is open to all Canadian residents who have reached the age of majority and will run from April 10, 2012 to May 31, 2012. The Competition will be run jointly with Stockhouse.com and be promoted to their site's users.
The Competition uses a real-time virtual online brokerage account, where investors can buy and sell any of the 84 ETFs offered by Horizons ETFs throughout any trading day. Each participant's virtual trading account will be funded with $100,000 CAD of fantasy funds for them to trade these ETFs.
"We're really excited to be running this free-to-enter competition for Canadian investors," said Howard Atkinson, CEO of Horizons Exchange Traded Funds Inc. "One of our main goals at Horizons ETFs is to educate investors in understanding ETFs, and what better way to do that than to allow them to try their hand at ETF investing in a simulated real-world environment, without having to invest their own money."
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.
Using the Horizons ETFs family of ETFs, a competitor's portfolio can be geared to practically any market condition. For example, if they are bearish on a certain market, they can use our inverse or inverse leveraged (Bear Plus) ETFs to back their view on that asset class. If a competitor has confidence in one or more of the sub-advised actively managed ETFs to outperform the market, they could place up to 25% of their virtual account in any one of those ETFs.
The leaders for the competition will be highlighted, and the competitors with the biggest portfolio move each week will get a $500 cash prize. The winner with the biggest portfolio gain for the entire period of the Competition will win $5,000, and the runner-up will win $1,000.
Featured participants include the Gartman Letter LLC, one of the most widely read trading newsletters in the world, Anita Sharma, Business Correspondent at Sun News, Julian Marchese, a 15-year old "whiz kid" trader who has been featured on numerous investing programs and members of the McMaster University Investment Club.
"I urge those interested in ETF investing to give this competition a try. I think they'll find that ETF investing is much easier than they may imagine. They can sign up anytime during the competition, and be eligible to win any of our weekly or grand prizes," said Mr. Atkinson. "By signing up early you stand to gain the most in education, potential prizes and hopefully fun."
The link to register for the Competition can be accessed at http://thebiggestwinner.stocktrak.com/.
To be eligible to win the Competition's prizes, participants must meet all eligibility criteria. Please see full Competition rules for more details at http://thebiggestwinner.stocktrak.com/public/content/rules.aspx.
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 $3.3 billion in assets under management and 84 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.
For further information:
Howard Atkinson, CEO, Horizons Exchange Traded Funds Inc., (416) 777-5167 [email protected]