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Registration has opened for the Biggest Winner trading competition presented by Toronto-based Horizons ETFs Management (Canada) Inc. with executive sponsor Montreal-based National Bank Direct Brokerage (NBDB), the firms announced in a joint statement on Thursday.

The objective of the competition is for participants to develop a $100,000 fantasy portfolio of ETFs. The contest will run from May 7 to June 15, and participants can join the simulation at any time before the latter date.

The participant with the highest yielding portfolio at the end of the six-week contest period will be awarded the grand prize of $7,500. The runner up will receive $2,500. Additionally, the participant with the highest portfolio return each week will win $500.

“Every year, participation in this competition grows, which speaks to the fact that a growing number of Canadians are interested in ETF investing,” says Steve Hawkins, president and co-CEO of Horizons ETFs, in a statement.

“The Biggest Winner competition allows investors to virtually trade ETFs in a number of different asset classes and investment strategies — whether it’s passive benchmarking, active management, leveraged or inverse leveraged,” he adds. “They can witness how risk/reward trade-offs work in a simulated environment before taking such risks in their actual portfolios.”

More information is available on the Biggest Winner website.