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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.
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