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It’s hard to believe we are already into the last week of January, as such, it’s time to provide our third week of results.
Much of the same with regards to equity markets, which are continuing to build on a strong start to the year as investors speculate about upcoming central bank monetary action, economic data, and corporate earnings. With Global Equity Markets up 3.32% since the turn of the year, the participating schools have had a great opportunity to get an early head-start!
JCG’s ‘MOTA’ team continue to storm ahead, with a week on week rise of +8.61% in the value of their portfolio, bringing their total return this year to +25.67%, impressive to say the least! Their portfolio comprises small cap/growth equities, with their biggest leader being Piedmont Lithium, which has returned over +16.94% in the past week,
Another significant mover for the week has been BSG Investments of Victoria College, a +10.01% week on week increase in their portfolio has led to their climb up the leader board from 8th to 4th, strong performance for the week from Tesla (+22.91%) and Netflix (+15.68%) have been their key drivers.
In terms of Schools performance, JCG continue to maintain top position with an average YTD positive return of +12.61% across their teams, with Highlands College hot on their heels, at an average of +9.05% YTD gain.
To find our more, go to www.ashburtoninvestments.com/int/investmentchallenge
