$13,000 in cash prizes to be won in Canada’s preeminent ETF trading contest

TORONTO – May 7, 2018 – Think you’re good at trading ETFs? Then it’s time to put your virtual money where your mouth is. Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) and National Bank Direct Brokerage (“NBDB”) are pleased to announce today’s launch of the eighth edition of the Biggest Winner trading competition, a simulated exchange traded fund (“ETF”) investment contest.

The Biggest Winner competition gives eligible Canadian investors the opportunity to learn about trading in a risk-free environment while competing for real cash prizes. Registrants 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 trade any ETFs listed on the Toronto Stock Exchange (“TSX”). Entry and participation in the contest is free, with no purchase necessary.

Currently, there is more than $150 billion invested in Canadian-listed ETFs,” said Steve Hawkins, President and Co-CEO of Horizons ETFs. “We expect that the number of Canadian investors who use ETFs will continue to grow. One way we’re helping Canadians to improve their ETF investing skills is through our Biggest Winner competition. Regardless of their skill level, the Biggest Winner gives investors the opportunity to learn about ETF investing without taking any financial risks. And there’s the added bonus of potentially winning real cash.

The Biggest Winner competition starts today and runs for six weeks, ending at 4 p.m. (Eastern Time) on June 15, 2018.

A grand prize of $7,500 will be awarded to the contestant with the highest six-week cumulative return, while the runner-up will receive $2,500. In addition, six weekly prizes of $500 will be awarded to each of the best single-week returns.

Winning cash prizes is obviously a great incentive for investors to try their hand at ETF trading,” said Mr. Hawkins. “Ultimately, we think that everyone who participates is a winner because this is a realistic, yet fun way, to try your hand at ETF investing. The trading knowledge developed in this competition can potentially translate into building skills that will help with real-life investment success.

Thousands of Canadians participated in the previous seven competitions. NBDB will again be the exclusive sponsor of this year's contest.

Do-it-yourself investing is becoming more and more popular. But to make the most of this approach, investors need to learn about this world and its intricacies,” explained Robert Girard, Senior Manager – Business Development at National Bank Direct Brokerage. “We feel that the Biggest Winner contest is a great way for investors to get familiar with online trading. This option complements other initiatives we currently offer, including seminars, workshops and information documents,” he added.

To register for The Biggest Winner, for full contest rules and to access ETF educational materials, please visit: www.HorizonsETFs.com/BiggestWinner.

About National Bank Direct Brokerage (www.nbdb.ca)
National Bank Direct Brokerage (“NBDB”) is a division of and a trademark used by National Bank Financial Inc. (“NBF”) for its order-execution services. National Bank Direct Brokerage offers no advice and makes no investment recommendations. The client is solely responsible for the financial consequences of his or her investment decisions. NBDB is a member of the Canadian Investor Protection Fund.

About National Bank of Canada (www.nbc.ca)
With $251 billion in assets as at January 31, 2018, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 21,000 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 on Facebook, LinkedIn and Twitter.

About Horizons ETFs Management (Canada) Inc.
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 approximately $10 billion of assets under management and 81 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.

For investor inquiries:
Contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745
info@horizonsetfs.com

For press inquiries:
Mark Noble, Senior Vice-President and Head of Sales Strategy
Horizons ETFs Management (Canada) Inc.
(416) 640-8254
mnoble@horizonsetfs.com

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Horizons ETFs Announces April 2018 Distributions for its Covered Call ETFs

Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). 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.

The Horizons Exchange Traded Products include our BetaPro products (the “BetaPro Products”). The BetaPro Products are alternative mutual funds within the meaning of National Instrument 81-102 Investment Funds, and are permitted to use strategies generally prohibited by conventional mutual funds: the ability to invest more than 10% of their net asset value in securities of a single issuer, to employ leverage, and engage in short selling to a greater extent than is permitted in conventional mutual funds. While these strategies will only be used in accordance with the investment objectives and strategies of the BetaPro Products, during certain market conditions they may accelerate the risk that an investment in units of a BetaPro Product decreases in value. The BetaPro Products consist of our 2x Daily Bull and 2x Daily Bear ETFs (“2x Daily ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”). Included in the 2x Daily ETFs and the Inverse ETFs are the BetaPro Marijuana Companies 2x Daily Bull ETF (“HMJU”) and BetaPro Marijuana Companies Inverse ETF (“HMJI”), which track the North American MOC Marijuana Index (NTR) and North American MOC Marijuana Index (TR), respectively. The 2x Daily ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, among other risks, which are described in their respective prospectuses. Each 2x Daily ETF seeks a return, before fees and expenses, that is either 200% or –200% of the performance of a specified underlying index, commodity futures index or benchmark (the “Target”) for a single day. Each Inverse ETF seeks a return that is –100% of the performance of its Target. Due to the compounding of daily returns a 2x Daily ETF’s or Inverse ETF’s returns over periods other than one day will likely differ in amount and, particularly in the case of the 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. Hedging costs charged to BetaPro Products reduce the value of the forward price payable to that ETF. Due to the high cost of borrowing the securities of marijuana companies in particular, the hedging costs charged to HMJI are expected to be material and are expected to materially reduce the returns of HMJI to unitholders and materially impair the ability of HMJI to meet its investment objectives. Currently, the manager expects the hedging costs to be charged to HMJI and borne by unitholders will be between 15.00% and 35.00% per annum of the aggregate notional exposure of HMJI’s forward documents. The hedging costs may increase above this range. The manager will publish, on its website, the updated monthly fixed hedging cost for HMJI for the upcoming month as negotiated with the counterparty to the forward documents, based on the then current market conditions. The VIX ETF, which is a 1x ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETF’s Target is highly volatile. As a result, the VIX ETF is not intended as a stand-alone long-term investment. Historically, the VIX ETF’s Target has tended to revert to a historical mean. As a result, the performance of the VIX ETF’s Target is expected to be negative over the longer term and neither the VIX ETF nor its target is expected to have positive long-term performance. Investors should monitor their holdings in BetaPro Products and their performance at least as frequently as daily to ensure such investment(s) remain consistent with their investment strategies.

*The indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF or returns on investment in the ETF. Only the returns for periods of one year or greater are annualized returns.