KPMG Investment Challenge: Money Chasers just edging the Undecideds

The KPMG Investment Challenge finished the sixth round of the ninth annual investment challenge, where local high schools submitted their trades for their investment portfolios.

After the fifth month of trading, Money Chasers from Berkeley are leading the Challenge with a portfolio value of $57,969.90. 

They are followed closely by The Undecideds from BHS and Dollars and Sense from Berkeley with a portfolio value of $57,119.17 and $55,403.24 respectively. 

The portfolios of all teams are highly concentrated in United States, Britain, Bermuda and China with minor positions held in various other countries such as Switzerland, Germany, and Canada. 

All teams are required to hold at least one Bermudian company traded on the BSX in their portfolios, with most teams opting for well known names such as Bank of N.T. Butterfield, KeyTech Limited, and Ascendant Group Limited.

The teams have chosen to invest primarily in actively traded US common stocks with other minimal investments in ADRs (American Depository Receipts), MLPs (Master Limited Partnerships), and Open-ended Funds.

Across industry sectors, the portfolios are very well diversified with the Communications, Consumers- Cyclical, Consumer- Noncyclical, and Financial sectors leading the way.