The Next Challenge is an educational game intended to promote a reasoned and sensible approach to investment and portfolio management. It does not in any way constitute an invitation to speculate, even if leveraged ETFs are available within the game, nor is it a recommendation to invest in any company or product whatsoever.
When building their portfolio, participants should keep a few basic rules in mind:
● Do not place too much importance on past returns, as past performance is not indicative of future results.
● There is no high performance without high risk. Diversification is essential to spread risk and build sustainable performance.
● Prioritize information from the source, on the websites of companies or product issuers. Be wary of information from internet forums and social networks.
Do not hesitate to consult the AMF sections on investment and portfolio management. You can also refer to the Universal Registration Document (URD) of companies to learn about the risk factors associated with each of them. These URDs can be viewed on the companies' websites.
The Challenge is an educational game intended to promote a reasoned and sensible approach to investment and portfolio management. It does not in any way constitute an invitation to speculate, even if leveraged ETFs are available within the game, nor is it a recommendation to invest in any company or product whatsoever.
When building their portfolio, participants should keep a few basic rules in mind:
● Do not place too much importance on past returns, as past performance is not indicative of future results.
● There is no high performance without high risk. Diversification is essential to spread risk and build sustainable performance.
● Prioritize information from the source, on the websites of companies or product issuers. Be wary of information from internet forums and social networks.
Do not hesitate to consult the AMF sections on investment and portfolio management. You can also refer to the Universal Registration Document (URD) of companies to learn about the risk factors associated with each of them. These URDs can be viewed on the companies' websites.
Club: team management
● Reminder of the rules:
Each challenger has the option to participate as a team in the competition in addition to or instead of participating as an individual investor. They then form Clubs and enter the competition as a member of their Club.
The official representative of the Club – known as the President – is by default the individual profile that has received a minimum of 3 positive responses to join their club.
A club enters the competition only when it reaches a total of 4 members, including the president.
It is no longer possible to recruit new members once the number of 7 members is reached.
A member can leave a club at any time : if the club has fewer than 5 members, it has 7 days to recruit new members, otherwise it is automatically excluded from the competition.
An individual profile can only be a member of one Club and cannot allocate funds to their own Club.
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Règlement
Club composition:
● 4 members minimum / 7 members maximum
● Starts with a virtual endowment of €200,000
● Decides on its investment strategy collectively: majority vote
● Orders are placed only by the President
● Orders can be deleted only by the President
Diversification rules:
The club must follow the 5/10/40 prudential rule that applies to management companies:
● No more than 10% in a single security,
● The sum of holdings exceeding 5% must not exceed 40%
● This rule results in a minimum of 16 securities in the portfolio.
Selection criteria for the Next Challenge:
● Gross performance over the period
● Risk-adjusted performance - Sharpe Ratio
● HHI
● Portfolio diversification – Asset
● Portfolio diversification – Sector
● Diversification ratio
● UCITS rules
● Use of information sources
● Quiz
● Teamwork throughout the activity (action vs. reaction) in the Club's Private Chat, with an equitable distribution among club members for the various actions taken by the club.
● Communication and Marketing throughout the activity (actions vs. reaction) in the Club's Public Chat, including an equitable distribution among club members for the various actions taken by the club.
● Use of the Dashboard
Selection criteria for the Euronext Trading Game:
● Gross performance over the period
● Risk-adjusted performance - Sharpe Ratio
● HHI
● Portfolio diversification – Asset
● Portfolio diversification – Sector
● Diversification ratio
● UCITS rules
Selection criteria for the ESG Challenge
