Student outperforms 1,200 competitors to win $10,000 in a CIBC Investor’s Edge account.
TORONTO, April 16, 2019 – Capitalize for Kids is pleased to announce the winner of the Capitalize for Kids Student Challenge presented by CIBC Investor’s Edge. More than 1,200 post-secondary students from across Canada signed up to compete in the annual challenge. Participants had six months to build a portfolio of real securities on an industry-leading trading platform with $1 million in virtual currency.
At the end of the competition period, Rayan Abad from HEC Montreal was named the top student investor in Canada. “I bought Gene Therapy stocks with upcoming catalysts and was able to profitably close out my positions after the industry’s M&A activity had picked up in late February,” said Mr. Abad about his strategy in the competition. As the winner of the competition, he will receive a $10,000 cash credit applied to a CIBC Investor’s Edge account.
To be eligible to compete, participants fundraise for kids’ mental health. The money raised from the competition supports Capitalize for Kids’ work to reduce waitlists and improve access to youth mental health services. “We are incredibly grateful for the generosity of our participants and their supporters,” said Quentin Broad, Managing Director of Capitalize for Kids. “Their donations will ensure that young people in Canada get the help they need when they need it.
“CIBC Investor’s Edge is proud to partner with Capitalize for Kids on this challenge, so that together we can make an impact on youth’s mental health issues across Canada,” said Lee Bennett, Senior Vice President, Direct Investing & Advice, CIBC. “We’re excited to give students an opportunity to highlight their investing skills while also supporting this important cause.”
ABOUT CAPITALIZE FOR KIDS
Capitalize for Kids engages Canada’s finance community to invest in kids’ mental health. The organization works with community agencies to identify business opportunities to increase the capacity of their existing services. Capitalize for Kids partners with top for-profit companies on a pro-bono basis to design solutions and then funds the required changes to an agency’s operations. The result is that service providers are able to support more young people with their existing resources. Since 2014 the organization has raised over $7 million.
ABOUT CIBC INVESTOR’S EDGE
CIBC Investor’s Edge offers online brokerage clients exceptional service, support and value. Clients benefit from low commissions and access to a wide range of tools and robust research to manage their investment portfolio with confidence. CIBC Investor’s Edge offers a full range of investment products, including stocks, exchange-traded funds, mutual funds, options, GICs, and fixed income instruments. For more information, visit www.investorsedge.cibc.com.
MEDIA CONTACT
Eugene Michasiw
Director of Marketing, Capitalize for Kids
Phone: 416-886-9984
Email: [email protected]