Exchange-traded funds provider Claymore Investments, Inc. Monday announced the winners of the 2010 Claymore’s Next Top Model Competition, which is designed to show investors to see just how easy it is to use ETFs to build well diversified portfolios.

The 10 week long contest allowed participants to select a virtual portfolio of Claymore ETFs and compete for weekly prizes and the grand prize of $2,000 for the best performing risk-adjusted portfolio.

The grand prize winner of this year’s competition was Michelle Liu. The first place winner was Linda Mills.

“I would like to take this opportunity to thank everyone who participated in our third annual ETF Competition and congratulate the winners.” said Som Seif, President & CEO of Claymore Investments, Inc.

“It is our ongoing mission to bring intelligent, innovative and low cost ETFs to the Canadian market, says Som Seif, president and CEO of Claymore, “and this competition enables our investors to familiarize themselves with our innovative product line up and services and at the same time, have fun and test their investing skills by designing their own model portfolio using Claymore ETFs.”

During this year’s competition the markets were characterized by high volatility but still provided relatively strong returns as a result of rebound in the global M&A activity, Claymore says.

“Over the competition’s 10 week period we had approximately 65% of all participants with positive portfolio returns, and the average participant portfolio return was 2.90% over the same period” says Seif.

IE