Home Breadcrumb caret Industry News Breadcrumb caret Industry Contest winner uses precious metals to navigate downturn John Wayne Trinh is the 2019 Horizons ETFs Biggest Winner By Staff | July 8, 2019 | Last updated on July 8, 2019 1 min read Saint-Leonard, Quebec’s John Wayne Trinh won the 2019 Horizons ETFs Biggest Winner trading competition after scoring an 18.88% cumulative return over the six-week period. Trinh relied on precious metals ETFs to beat out more than 2,600 competitors in the ninth annual contest. He won a $7,500 grand prize. The competition gave entrants $100,000 in fantasy funds to place simulated trades on Toronto Stock Exchange-listed ETFs. It ran from May 6 to June 14. “The S&P 500 and other market indexes were following a downward trend in May,” Trinh said in a release. “Since the market was bearish, I decided to be bullish on gold and silver (precious metals) and bearish on oil.” Nigel Roberts from Kelowna, B.C. won $2,500 for finishing second with a cumulative return of 18.20%. The contest was presented by Horizons ETFs and National Bank Direct Brokerage. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo