Stock and Bond List for the 2022-2023 Wharton Global High School Investment Competition
The Approved Stock list is organized using the Global Industry Classification Standard (GICS). The GICS is an industry taxonomy developed in 1999 by Morgan Stanley Capital International (MSCI) and Standard & Poor’s (S&P) for use by the global financial community. The GICS is a four-tiered, hierarchical industry classification system. According to the GICS hierarchy, there are 11 economic sectors. These sectors are further divided into 24 industry groups, 69 industries and 158 sub-industries.
A sector is an area of the economy where businesses share the same or related business activity, product or service; An industry group is a way of grouping individual companies or stocks based on common business lines; An industry is a part of the economy that produces closely related raw materials, goods or services; A sub-industry is a lesser industry that is either part of or dependent on a larger industry.
Teams competing in the Wharton Global High School Investment Competition must have a final investment portfolio that includes at least one stock from as many sectors as they have members. For example, if your team has five members, you must have stocks from at least five different sectors in your portfolio when trading closes on December 2. You can always invest in more sectors than the minimum.
Based on the GICS structure, the 11 sectors include:
- Consumer Discretionary
- Consumer Staples
- Health Care
- Information Technology
- Communication Services
- Real Estate
The WInS simulator for the Wharton Global High School Investment Competition only allows students to buy and sell stocks from the Approved Stock List, so there is no need to worry about accidentally placing trades from outside thislist.
Please note that based on changes in the markets (i.e. a stock is delisted, a company acquired, 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 26, 2022. To ensure you have the most up-to-date version of the Approved Stock List, please refer to the list on WInS.
Teams are also permitted to recommend that their client invest in U.S. Treasury bills, notes, bonds and Treasury Inflation-Protected Securities (TIPS). However, teams will not be able to invest in bonds or notes on WInS. Teams should indicate in their final reports which bonds and/or notes they recommend for their client’s portfolio. Teams are not required to recommend that their client invest in bonds or notes.