JERSEY SCHOOLS' INVESTMENT CHALLENGE

January Results

With the first month of 2023 behind us, equity markets have been driven by a rotation into more growth-oriented sectors. The worst performers from last year have come out as the best performers during January. This has been reflected in the performance of the competition portfolios with the most successful portfolios being those that are heavily weighted towards the tech and other growth-oriented sectors. The portfolios that have been the least successful during the first month of the competition have been those that are heavily weighted towards more defensive-oriented sectors, such as staples and energy.

We are delighted to report that all six schools are faring better than the MSCI World Equity Index, which returned 4.18% in GBP terms. Jersey College For Girls has had the highest returns, with a 11.46% average portfolio gain with Highlands College close behind with a 9.29% rise with Beaulieu Covent in third spot with a gain of 7.98%.

Turning to the individual teams leader board, JCG’s 'MOTA' team is excelling with a remarkable 21.66% return. They have retained top spot from week one. Their portfolio contains a variety of mostly small- to mid-cap stocks, with Piedmont Lithium being the star of the show, riding the wave from rapidly increasing demand for electric vehicles. Just behind them in second spot is Victoria College’s ‘BSG’ team, whose portfolio was up 17.36%, their standout holding has been Tesla, whose shares have seen a strong rebound in contrast to last year’s mauling. The ‘Quadrettes’ team from Highlands College is up 14.80% and their stock picks have delivered good returns across all their holdings. Their best performer in January was Yu Group, a UK based independent energy supplier.

SCHOOLS LEADERBOARD: TOP 10 TEAMS

PositionTeamSchoolCurrent Market ValueYTD TR (%)
1MOTAJersey College For Girls£121,663.7521.66%
2BSG InvestmentsVictoria College£117,356.4517.36%
3QuadrettesHighlands College£114,802.0414.80%
4Stocks & BlocksBeaulieu£114,290.7114.29%
5The 5 MuskateersBeaulieu
£114,284.0914.28%
6The Wharf of Wall StreetVictoria College£111,303.9811.30%
7Millsy MonopolyHautlieu£111,230.4511.23%
8Beaulieu A'sBeaulieu£109,641.929.64%
9MAJKJersey College For Girls£108,711.708.71%
10DB5De La Salle£107,364.127.36%
PositionSchoolAverage Portfolio ValueAverage YTD TRR (%)
1Jersey College For Girls £111,463.1711.46%
2Highlands College£109,286.279.29%
3Beaulieu £107,978.657.98%
4Victoria College£105,913.735.91%
5De La Salle£105,061.665.06%
6Hautlieu£104,549.744.55%

Source: Ashburton/Bloomberg

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ABOUT THIS INITIATIVE

It’s safe to say there has been a lot of uncertainty and volatility in the financial markets in 2022. Coming off the longest recorded bull run in history, we have seen a worldwide pandemic, rising inflation, conflict, central bank policy tightening, shrinking market liquidity, slower economic growth and geopolitical risks.

The Ashburton Investments Jersey Schools' Investment Challenge, is a powerful way of engaging students with the finance sector, enabling them to relate it to everyday life. Students will get to experience on how economies work and grasp the basics of investment.

PRIZES

There is a fantastic trophy for the winning school, Amazon vouchers and a charity contribution.

HERE'S HOW IT WORKS

  • Open to Jersey Sixth Form students only
  • Each school enters up to five teams, with each team selecting five stocks
  • Each holding is equally weighted at the start of the competition The starting portfolio value is £100 000
  • The competition runs from January to the end of June 2023
  • The returns will be calculated in GBP terms
  • No changes are permitted during the duration of the competition*
  • The competition will start on the first trading day in January
  • The winning team will be the one whose portfolio is worth the most as at the market close on 30th June 2023 with the winners announced shortly afterwards
  • Ashburton Investments will update the results weekly and monthly via social media, Ashburton's website and the local Jersey newspaper.
  • The competition will start on the first trading day in January

* in the case of a takeover of a company, if the deal is closed at any point during the duration of the competition, the relevant team will be allowed to make a new stock pick