wharton high school investment Competition

Wharton Investing Competition Trading Guidelines

• Teams must place trades on the Wharton Investment Simulator (WInS). WInS should be used as a learning tool to help develop and implement strategies and experience what it is like to place trades and be active stock market participants.

• Teams can only invest in stocks on the Approved Stock List. Teams will forfeit the investment if it is not on the Approved Stock List.

• Each team must invest in at least as many sectors as it has team members. For example, if a team has five members, at least five sectors must be represented.

• Teams can change the sectors that they invest in throughout the competition, as long as the minimum number of sectors is represented in their portfolios.

• Team portfolios must include at least one stock from as many sectors as they have team members. For example, if a team sells a stock in the manufacturing sector, the team needs to replace the stock with another stock from that sector.

• Teams can make as many or as few stock trades as necessary in executing their strategies.

• A trading note (the purpose of the trade and how it fits in the overall investment strategy) must be included with each trade made on WInS. Students will be prompted to add a trading note before the trade can be executed.

Wharton Investing Competition Approach Guidelines

• The Wharton Global High School Investment Competition is not a trading competition that requires lots of buying and selling of stocks. The competition is not judged by portfolio growth.

• Teams must develop a unique investment strategy, with both short- and long-term goals, for the client. An investment strategy is a set of rules and behaviors that will guide the portfolio selections your team makes on behalf of the client.

• In order to build an effective investment strategy, teams must read the client profile.

• Teams must review the investment rules of the competition (below).

• Wharton Global Youth Program encourages teams to identify different roles for each team member, including assigning a team leader.

Wharton Investing Competition Ethical Guidelines

All Wharton Global High School Investment competition team members are held to high personal ethical standards. The decisions you make from the moment you register for the competition should be honest and truthful to the best of your ability. This starts with your number of team members (you must have at least four active members from the beginning to compete) and ends with how you articulate your strategy and investment choices in your final papers — and includes everything in between. We trust that you will not lie about your investment decisions and outcomes, fabricate analyses, invent teamwork and experiential stories, or plagiarize existing strategies. Students must abide by the University of Pennsylvania’s Code of Academic Integrity, which states a student’s work must be their own, and not be plagiarized from any other source, including Advisors or “unofficial” advisors. Plagiarism includes, but is not limited to, the use of another’s words or ideas as if they are one’s own. Plagiarism or any kind of academic cheating is grounds for dismissal from the competition. If at any point you are unsure about a decision or situation, please reach out to the Wharton Global Youth Program staff for clarification. Ethics are an essential aspect of money management. All teams should review the CFA Institute’s Asset Manager Code and operate by these standards. We expect you to read these rules and apply them to all you do on behalf of your potential client throughout the competition. In addition, ethical considerations are fundamental to effective asset management. All competing students should review Section 4 of the Final Written Investment Policies section under Competition Deliverables in the Guidebook for more on professional industry ethics.