Claymore is launching the competition to allow Canadian investors to test their investing skills by designing their own model portfolio using Claymore exchange traded funds, traded on the Toronto Stock Exchange.

Prizes will be awarded for the best weekly performance and best overall performance. A grand prize of $1,000 in cash (or $1,500 in the form of a donation to a Canadian registered charity of their choice) will be awarded.

“We have worked hard over the past few years to bring intelligent, innovative and low cost ETFs to the Canadian market and this competition is a great way for Canadians to see just how simple it is to use the Claymore family of ETFs to build full portfolios that cover the entire market,” says Claymore president and CEO, Som Seif.

The deadline for entry forms and portfolio submissions is Friday, June 13 at 17:00 ET. The competition runs for eight weeks from June 16 to August 8.

There is no purchase required to the competition.

To participate and view contest rules, visit www.claymoreinvestments.ca/etftopmodel.