Horizons ETFs and National Bank Direct Brokerage Team Up to Sponsor Popular ETF Contest
TORONTO, Oct. 8, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and National Bank Direct Brokerage ("NBDB") are pleased to announce the launch of the third Biggest Winner Trading Competition, a free simulated investment contest that provides Canadian investors with the opportunity to learn about exchange traded funds (ETFs) in a risk-free environment and to compete for cash prizes.
Nearly 3,000 Canadians participated in the previous two Biggest Winner Trading Competitions. Eligible registrants may open a fantasy brokerage account, which receives CDN $100,000 in notional fantasy funds (no actual money will be involved). Registrants can use these notional fantasy funds to make simulated purchases and sales of the 72 ETFs offered in Canada by Horizons ETFs and its affiliates at market prices, anytime throughout the regular trading day.
Starting at 9:30 a.m. ET on October 7, 2013, the Biggest Winner Trading Competition will run for six weeks until 4:00 p.m. ET on November 15, 2013. Registration will be open throughout the competition. There will be a grand prize of $7,500 for the competitor with the highest six-week cumulative return. $2,500 will be awarded to the runner-up, and six weekly prizes of $500 each will be offered for the six best single weekly returns.
"Each time we run this contest, it gets bigger and better," said Howard Atkinson, President of Horizons ETFs. "This time around, we've completely redesigned the online simulator to make it more user-friendly, and we've extended the periods of both the competition's trading and registration. All eligible Canadian Residents are welcome to register and try their hand at ETF investing in a simulated real-world environment with no cost and no risk."
NBDB will once again be the exclusive sponsor of the Biggest Winner Trading Competition.
"ETFs are increasingly popular on financial markets, and simulations provide an excellent opportunity to find out more about them. Using simulations is also a risk-free way for independent investors to test out their investment skills. For those who want to be even more prepared, NBDB offers seminars and webinars that specifically cover ETFs," stated NBDB President Nancy Paquet.
Horizons ETFs offers a broad family of 72 ETFs that provide exposure to a range of asset classes and markets, including the largest suite of leveraged, inverse and actively managed ETFs in Canada.
These ETFs include potential investment solutions for a variety of market conditions and investment objectives. There are plain-vanilla index ETFs offering exposure to broad markets or specific industry sectors. For tactical traders, there are leveraged, inverse and volatility ETFs.
For investors seeking to potentially improve risk-adjusted returns, there are actively managed ETFs sub-advised by some of Canada's leading portfolio managers in asset classes such as fixed income and alternative investments.
"We're passionate about helping investors achieve their investment goals," said Mr. Atkinson. "Whether you're looking for market returns delivered by an innovative index ETF or the added value of active management or alternative investments, Horizons ETFs strives to offer solutions for every investor."
To register for The Biggest Winner Trading Competition, or to read full contest rules and details, as well as ETF educational materials, please visit The Biggest Winner 3 website at http://thebiggestwinner.stocktrak.com/home.aspx.
About National Bank Direct Brokerage (www.nbdb.ca)
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 Protection Fund.
About National Bank of Canada (www.nbc.ca)
With $187 billion in assets as at July 31, 2013, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups, and was named among the 20 strongest banks in the world by Bloomberg Markets magazine. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
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 $3.9 billion in assets under management and 72 ETFs listed on the Toronto Stock Exchange, 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 Exchange Traded Funds Inc.
For further information:
Howard Atkinson, President, Horizons ETFs Management (Canada) Inc.
(416) 777-5167 or firstname.lastname@example.org