Horizons ETFs Management and National Bank Direct Brokerage (NBDB) have launched the ninth edition of The Biggest Winner trading competition, a simulated exchange traded fund 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. 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 Toronto Stock Exchange (TSX). Entry and participation in the contest is free, with no purchase necessary.
“Year-over-year, the universe of Canadian-listed ETFs has grown. Today, investors have access to approximately 700 Canadian-listed ETFs that cover a wide range of themes, strategies and asset classes,” says Steve Hawkins, President and CEO of Horizons ETFs. “That makes The Biggest Winner competition a potent educational tool for investors looking to learn about trading ETFs without taking financial risks. The kicker: it gives all contestants the opportunity to win actual cash prizes.”
The Biggest Winner competition runs for six weeks, ending at 4pm (Eastern) on 14 June, 2019.
A grand prize of CAD7,500 will be awarded to the contestant with the highest six-week cumulative return, while the runner-up will receive CAD2,500. In addition, six weekly prizes of CAD500 will be awarded to the contestants with the best single-week returns.
“We’re nearing a decade of running The Biggest Winner, and each year, we see more and more investors registering to compete,” says Hawkins. “From new investors looking to expand their skills to include ETFs to repeat Biggest Winner participants aiming to grow their portfolios to potentially win cash prizes, this competition has become a staple event for many ETF enthusiasts and an annual highlight for Horizons ETFs.”
Thousands of Canadians participated in the previous eight competitions. To date, The Biggest Winner competition has hosted approximately 12,000 participants and awarded nearly CAD100,000 in cash prizes.
“Do-it-yourself investing is rapidly growing in popularity. The Biggest Winner is a fantastic opportunity for investors to test ETF trading strategies in a simulated environment and learn about portfolio management basics. We’re proud to support this competition for a seventh consecutive year and play a role in the training of tomorrow’s investors,” says Claude-Frédéric Robert, President of National Bank Direct Brokerage.
