Markham, Ontario resident generates 14.6% one-month return to win ETF
TORONTO, March 25, 2013 /CNW/ - With a hypothetical 14.6% return over a four
week period, James Kim of Markham, Ontario, has been named the winner of the
Horizons ETFs Biggest Winner Competition (the "Competition"), which was
sponsored by Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and
co-sponsored by National Bank Direct Brokerage Inc. ("NBDB"). Mr. Kim's
impressive performance earned him the grand prize of $10,000 in cash.
Nearly 1,200 people registered to participate in the Competition, which ran
from February 1, 2013 to February 28, 2013. The Competition used virtual
online brokerage accounts, in which investors were able to buy or sell, on a
hypothetical basis, any of the 76 exchange traded funds ("ETFs") offered by
Horizons ETFs, at any time throughout regular trading days. Each participant's
virtual trading account started with $100,000 CAD in fantasy dollars. In
aggregate, participants placed more than 18,200 trades during the course of
Horizons ETFs offers a broad range of exchange-traded investment solutions
that provide exposure to a variety of assets and markets. Its product lineup
includes the largest suite of leveraged, inverse and actively managed ETFs in
The runner-up in the Competition, who generated a hypothetical 13.9% one-month
return and earned a $5,000 cash prize, was Tacjanna Saunders of Vancouver,
British Columbia. Ms. Saunders was also awarded one of the Competition's four
weekly prizes of $1,000.
Each of the top ten participants finished the Competition with returns of
9.50% or greater.
"This is the second year that we have run the Horizons ETFs Biggest Winner
Competition. This time around it was shorter, so it's astounding to see that
the top 9 players were all able to generate hypothetical double-digit
returns," said Howard Atkinson, President & CEO of Horizons ETFs. "To put this
in perspective, the S&P/TSX 60™ Index returned only 1.65% over the same
None of the Competition's winners were advisors or professional money
managers. 92% of the participants described themselves as direct retail
investors, and 62% having no previous experience trading ETFs.
"Being a part of the ETF industry, you sometimes forget how unfamiliar ETFs
are to many Canadian investors," said Atkinson. "The Competition was intended
to increase awareness of ETF investing in Canada and to help people become
more comfortable with it. The fact that so few participants had ever traded an
ETF before only underscores the importance of ETF education."
"National Bank Direct Brokerage is proud to have co-sponsored a competition
that encouraged the public to take part in a market simulation exercise as a
risk-free way to get acquainted with ETFs, while also rewarding sound
investing. It is one of our mandates to provide tools and education to
Canadian investors," said Nancy Paquet, President of NBDB. "Congratulations to
In total, Horizons ETFs awarded more than $20,000 in cash prizes during the
Competition, including four weekly $1,000 prizes for portfolios with the best
The Weekly Winners were:
Week One—Mike Chmielewski of Calgary, Alberta (6.92% one-week return)
Week Two—Tacjanna Saunders of Vancouver, British Columbia (6.03% one-week
Week Three—Gary Way of Toronto, Ontario (8.33% one-week return)
Week Four—Sherry Kegler of Leduc, Alberta (10.84% one-week return)
Commissions, trailing commissions, management fees and expenses all may be
associated with an investment in exchange traded products managed by AlphaPro
Management Inc. and 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. Please read the relevant prospectus before investing.
NBDB is a wholly-owned subsidiary of National Bank of Canada registered as an
investment dealer and member of IIROC and CIPF. NBDB does not provide any
advice, nor does it make any recommendations with respect to investments.
Clients of NBDB are solely responsible for the financial consequences of their
investment decisions. NBDB does not make any representation and warranties,
expressed or implied, with respect to the appropriateness of investing in ETFs
nor does it endorse Horizons ETFs or the Horizons Exchange Traded Products.
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 approximately $4.2 billion in assets under management and 76
ETFs listed on the Toronto Stock Exchange, 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
Howard Atkinson, CEO, Horizons Exchange Traded Funds Inc. (416)
SOURCE: Horizons Exchange Traded Funds Inc.
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-0- Mar/25/2013 16:31 GMT
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