Guidebook

Stock List

Teams may only invest in stocks that are on the Approved Stock List.

Please note that based on changes in the markets (i.e. a stock is delisted, acquisition, etc.), this list is subject to change throughout the competition. New stocks will not be added to the list. This webpage will not be updated once the competition begins on September 28, 2020. To ensure you have the most up-to-date version, please refer to the list on WInS (this will be available beginning September 28, 2020 when trading begins).

The Approved Stock list uses data from the Russell Global Sectors classification system, which categorizes global companies based on the products or services they offer. This classification system provides a consistent global view by industry. The stock list is divided by Sector and includes Equity Styles, Russell Sub-Sectors and Russell Industries.

Source: Morningstar Direct, 2020

IMPORTANT UPDATE: After the market closed on September 18, 2020, the Industry Classification Benchmark became the official sector classification for Russell indexes, replacing Russell Global Sectors (RGS), which we use to categorize sectors and industries on the Approved Stock List for the Wharton Global High School Investment Competition. The Industry Classification Benchmark or ICB is a standard that is used globally to categorize and compare companies by industry and sector. The move from RGS to ICB will initially be applied to U.S. indexes, and international indexes will make the conversion in the first quarter of 2021. In the meantime, Russell is working with third-party data providers (like Morningstar Direct, where we source our stock market data for this competition) to assist with the conversion from RGS to ICB. It may take some time before the new classification system is applied.

Teams competing in the Wharton Global High School Investment Competition can proceed with using the Approved Stock List reflecting the previous Russell Global Sectors classification system. We will continue using RGS for the duration of the competition, which includes nine sectors: Consumer Discretionary, Consumer Staples, Energy, Financial Services, Healthcare, Materials & Processing, Producer Durables, Technology and Utilities. Please refer to our Approved Stock List to view our sector designations.

Updated: September 25, 2020 (edited)