The winner of iShares' fifth annual Fund Frenzy competition successfully played the name game.
Kenneth Braziel, vice president and analyst marketing coordinator in Morgan Stanley's institutional equities division, won the competition, which mirrors the NCAA basketball tournament format but focuses on exchange-traded fund performance instead of hoops prowess.
“The final picks were easy — I simply chose Brazil to go to the last round because everyone always asks me if that is where I am from because of my last name,” Mr. Braziel said in a statement on iShares' website. The iShares MSCI Brazil Small-Cap ETF came in second overall, losing out in the championship to iShares' Core MSCI Total International Stock ETF.
Participants paired up 16 iShares ETFs into eight contests. The winners were decided by the total return performance over five trading days. The contest ran March 25-April 20.
Mr. Braziel received $20,000 to donate to his favorite charities. He chose the Albuquerque (N.M.) Public Schools Homeless Project; Hugz4Haiti, which funds teacher salaries at a Haitian orphanage; Mary's Fund, in memory of psychologist Mary Sherlach, who was killed in the Sandy Hook Elementary School shootings in Newtown, Conn.; and New York Presbyterian/Morgan Stanley Children's Hospital.