Stock and Bond List for the 2021-2022 Wharton Global High School Investment Competition
The Approved Stock list is organized using the Industry Classification Benchmark (ICB). The ICB is a globally utilized standard for the categorization and comparison of companies by industry and sector. It is the official sector classification used across FTSE Russell indexes for analysis, attribution and performance measurement. Its four-tier structure offers a robust system for comparing and analyzing like-organizations. It includes: 11 Industries, 20 Supersectors, 45 Sectors and 173 Subsectors.
An industry is a part of the economy that produces closely related raw materials, goods or services; supersectors are sectors that include several lesser sectors; sectors are areas of the economy where businesses share the same activity, product or service; and a subsector is a sector that is part of a larger sector. The ICB uses this distinct hierarchy to classify stocks.
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 industries as they have members. For example, if your team has five members, you must have stocks from at least five different industries in your portfolio when trading closes on December 13. You can always invest in more industries than the minimum.
Based on the ICB structure, the 11 industries include:
- Health Care
- Real Estate
- Consumer Discretionary
- Consumer Staples
- Basic Materials
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 the list.
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 27, 2021. To ensure you have the most up-to-date version of the Approved Stock List, please refer to the list on WInS (this will be available beginning Monday, September 27, 2021, when trading begins).
Teams are also permitted to recommend that their client invest in U.S. Treasury bonds and notes. 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.