At the end of this time period, the contestant who has selected the factor allocation with the highest total rate of return will be awarded a prize of $25,000 for the eligible charity of their choice. While the Factor Derby only runs from June 1 through August 31, it is designed to engage and educate advisors on the benefits of factor investing over the long-term.
“While factor investing may be new to many investors, the concept of combining multiple factors to generate alpha has a long track record of proven success,” said Sharon French, Head of Beta Solutions, OppenheimerFunds. “With the Factor Derby, we wanted to leverage the excitement of Triple Crown season to help investors better understand the benefits of factor investing through an innovative interactive experience, while giving back to the charity of their choice.”
Participation is free and open to the public, and for each contestant who completes a qualified registration, OppenheimerFunds will donate $5 to the Boys & Girls Club of America up to a maximum of $10,000. The winner of the Factor Derby will be announced on September 4, 2018. OppenheimerFunds will provide regular updates each month as well as a leaderboard showing how participants are faring.