TORONTO, July 8, 2022
/CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and
National Bank Direct Brokerage ("NBDB") are pleased to
announce that James Lindhe from
Orleans, Ontario is the grand
prize winner of the Horizons ETFs Biggest Winner 11 Trading
Competition (the "Competition"). With the highest six-week
cumulative return of 35.56%, Mr. Lindhe has been awarded the grand
prize of $10,000.
"I never imagined winning, I joined just to play against a
few of my family members but got really into it when I was doing
well and had a lot of fun. It's a fun way to try out active
trading," said Mr. Lindhe, upon learning of his success.
The Competition, which ran from May 16 to
June 24, 2022, saw approximately 2,000 participants complete
25,000 trades over the six-week trading period. Contestants were
provided with a fantasy brokerage account, with a balance of
$100,000 in notional Canadian
dollars. Competitors used these fantasy funds to place simulated
trades among approximately 1,000 ETFs listed on Toronto Stock
Exchange (TSX).
For Mr. Lindhe, his key to success was anticipating and taking
advantage of recent market volatility. To achieve his returns, he
rotated in and out of long and short commodity and equity-focused
strategies, targeting opportunities to reposition and capture
momentum ahead of market reversals.
"Whenever the market would have a big move in one direction I
would switch my Biggest Winner portfolio in a contrarian way to
take advantage of any reversals, which turned out to be a good bet,
given the wild swings in the market," said Mr. Lindhe, when
asked about his winning strategy. "I primarily used Horizons'
BetaPro ETFs to take a levered position on the market and on energy
commodities. My goal was to take a lot of risk in a smart way in
order to have a chance of earning outsized returns."
The runner-up, Eric Burton, from
Scarborough, Ontario, is no
stranger to success in Biggest Winner competitions. In addition to
securing a second-place position and winning $5,000 in this year's Competition, with a
cumulative return of 35.45%, Mr. Burton has previously achieved
weekly winner status in three Biggest Winner competitions,
including in 2018, 2021, and now, 2022.
"Having participated in the Biggest Winner competitions
before, I now eagerly look forward to it every year. Whereas I tend
to invest my own money more conservatively, the fantasy nature of
this competition encourages you to take bigger risks to try and win
it all," said Mr. Burton. "I'm already looking forward to
the next competition!"
In addition, six weekly prizes of $1,000 were awarded to each participant who
achieved the best single-week returns. Both Mr. Lindhe and Mr.
Burton also secured weekly prizes in addition to their overall
Competition achievements.
The top-traded ETFs in the contest are all managed by Horizons
ETFs. The three most-traded ETFs are a part of the Horizons'
BetaPro family of tactical ETFs: the BetaPro Natural Gas Leveraged
Daily Bull ETF ("HNU"), the BetaPro NASDAQ-100® 2x Daily
Bull ETF ("HQU"), and the BetaPro NASDAQ-100® 2x Daily Bear
ETF ("HQD"). HNU seeks daily investment results, before
fees, expenses, distributions, brokerage commissions, and other
transaction costs, that endeavour to correspond to up to two times
(200%) the daily performance of the Horizons Natural Gas Rolling
Futures Index. HQU seeks daily investment results, before fees,
expenses, distributions, brokerage commissions, and other
transaction costs, that endeavour to correspond to two times (200%)
the daily performance of the NASDAQ-100® Index. HQD seeks daily
investment results, before fees, expenses, distributions, brokerage
commissions and other transaction costs, that endeavour to
correspond to two times (200%) the inverse (opposite) of the daily
performance of the NASDAQ-100® Index.
"For more than a decade, our Biggest Winner competitions have
offered investors the chance to realize their ETF trading potential
in a risk-free environment while competing for prizes – including
this year, with our biggest cash prizes yet – and ultimately,
bragging rights of being the 'Biggest Winner'," said
Steve Hawkins, President & CEO
of Horizons ETFs. "This year, many of our Biggest Winner 11
participants took advantage of market volatility using Horizons
ETFs' leveraged and inverse leveraged ETFs; achieving higher
six-week portfolio returns compared to previous
competitions."
NBDB, a founding sponsor of the Biggest Winner Competition and
its past ten editions, believes the contest presents a unique
opportunity for investors to learn the ins and outs of
self-directed investing.
"National Bank Direct Brokerage would like to congratulate
James Lindhe, Eric Burton, and the other winners in the
Biggest Winner 11 trading competition," said Claude-Frédéric
Robert, President of National Bank Direct Brokerage. "The
contest is a great opportunity to test your strategies as a
self-directed investor in a simulated environment and learn more
about the mechanics of investing. We are proud to help participants
educate themselves about financial matters in this way."
In addition to being the listing exchange for all of the ETFs
tradeable by participants in the Competition, TSX was also a
sponsor of the Biggest Winner 11.
"On behalf of Toronto Stock Exchange, I'd like to
congratulate James Lindhe for
winning Horizons ETFs Biggest Winner Competition," said
Graham Mackenzie, Head of Exchange
Traded Products, Toronto Stock Exchange. "TSX is continuously
looking at ways to innovate for investors and clients alike. This
Competition allows both new and experienced investors the ability
to explore the opportunities TSX ETFs have to offer."
In total, $21,000 in cash prizes
were awarded as part of the Competition. The winners are:
Grand Prize: James Lindhe,
Orleans, ON
Runner-up:
Eric Burton, Scarborough, ON
Week One: James Lindhe, ON
Week Two: Antonio Rambaldi, QC
Week Three: Richard Muegge, ON
Week Four: Andrea Ondrey, AB
Week Five: Terri Mackinnon, ON
Week Six: Harmynder Multani, ON
About National Bank of Canada
With $370 billion in assets as at April
30, 2022, National Bank of Canada, together with its subsidiaries, forms
one of Canada's leading integrated
financial groups. It has more than 28,000 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
such as Facebook, LinkedIn and Twitter.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
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 over $21 billion of
assets under management and 104 ETFs listed on major Canadian stock
exchanges.
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 value changes frequently and past performance may
not be repeated. Certain Horizons Exchange Traded Products may have
exposure to leveraged investment techniques that magnify gains and
losses and which may result in greater volatility in value and
could be subject to aggressive investment risk and price volatility
risk. Such risks are described in the prospectus. The prospectus
contains important detailed information about the ETF. 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 shares of a BetaPro Product decreases in
value.
The BetaPro Products consist of our Daily Bull and Daily Bear
ETFs ("Leveraged and Inverse Leveraged ETFs"), Inverse ETFs
("Inverse ETFs"), Leveraged and Inverse Leveraged 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 Leveraged and Inverse Leveraged ETF seeks a
return, before fees and expenses, that is either up to, or equal
to, 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 Leveraged and Inverse Leveraged 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 Leveraged and Inverse
Leveraged ETFs, possibly direction from the performance of their
respective Target(s) for the same period. For certain Leveraged and
Inverse Leveraged ETFs that seek up to 200% or up to or -200%
leveraged exposure, the Manager anticipates, under normal market
conditions, managing the leverage ratio as close to two times
(200%) as practicable however, the Manager may, at its sole
discretion, change the leverage ratio based on its assessment of
the current market conditions and negotiations with the respective
ETF's counterparties at that time. Hedging costs charged to BetaPro
Products reduce the value of the forward price payable to that
ETF.
This communication is intended for informational purposes
only and does not constitute an offer to sell or the solicitation
of an offer to purchase exchange traded products (the "Horizons
Exchange Traded Products") managed by Horizons ETFs Management
(Canada) Inc. and is not, and
should not be construed as, investment, tax, legal or accounting
advice, and should not be relied upon in that regard. Individuals
should seek the advice of professionals, as appropriate, regarding
any particular investment. Investors should consult their
professional advisors prior to implementing any changes to their
investment strategies. These investments may not be suitable to the
circumstances of an investor.
Certain statements may constitute a forward-looking
statement, including those identified by the expression "expect"
and similar expressions (including grammatical variations thereof).
The forward-looking statements are not historical facts but reflect
the author's current expectations regarding future results or
events. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events
to differ materially from current expectations. These and other
factors should be considered carefully and readers should not place
undue reliance on such forward-looking statements. These
forward-looking statements are made as of the date hereof and the
authors do not undertake to update any forward-looking statement
that is contained herein, whether as a result of new information,
future events or otherwise, unless required by applicable
law.
Nasdaq®, Nasdaq-100®, and Nasdaq-100 Index®, are trademarks
of The NASDAQ OMX Group, Inc. (which with its affiliates is
referred to as the "Corporations") and are licensed for use by
Horizons ETFs Management (Canada)
Inc. The Fund(s)have not been passed on by the Corporations as to
their legality or suitability. The Fund(s) are not issued,
endorsed, sold, or promoted by the Corporations. THE
CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT
TO THE FUND(S) or PRODUCT(S).
SOURCE Horizons ETFs Management (Canada) Inc.
