Rules and operation of the 2024 Bourstad Challenge
Participation
Purpose of the simulation
Contest Period of the 2024 Bourstad Challenge
Goal pursued by the participants
Types of Bourstad Challenge participants
Participants in the school version of the Bourstad Challenge
Participants in the general public version of the Bourstad Challenge
Restrictions on participation in the general public version of the Bourstad Challenge
Tandem participation (offered to participant to the school version, exclusively)
Identity of participants and limits to registration
How to participate in the simulation, during its course
Securities transactions
Price applicable for a trade on company shares, units of exchange-traded funds, options or currencies
Price applicable in a transaction involving actively managed investment funds
Type of portfolios and categories of securities
Securities of the Bourstad Portfolio
Shares of Canadian companies
Shares of US companies
Shares of companies based in Europe, Asia, Africa, Australia and South America
Exchange-traded index funds of the Bourstad Portfolio
Exchange-Traded Index Funds - Canadian Equities
Exchange-Traded Index Funds - US Equities
Exchange-traded Index Funds - International Equities
Exchange-traded Bond Funds traded on US markets
Bonds Exchange-Traded Funds Traded in Canada
Exchange-Traded Index Funds - Money Market
Commodity and crypto-asset Funds
Actively managed investment funds
Currencies
(Additional) securities of the Bourstad Plus Portfolio
Exchange-traded leveraged index funds traded in Canada
US leveraged index funds traded in the United States
Canadian Options
List of securities traded in the 2024 Bourstad Challenge
Types of transactions for equities, exchange-traded funds, options and currencies
Buy orders
Sell orders
Short sell orders
Types of transactions for actively managed investment fund units
Acquisition of actively managed investment fund units
Retrocession of actively managed investment fund units
Limits on short selling
illustration of the limit on short selling
Limits on leveraged index fund transactions
Limits on Option Transactions
Brokerage fees
Management and transaction fees for actively managed funds
Order of processing transactions
Declared cash dividends
Stock splits, reorganizations and stock dividends
Prizes awarded
Consent to the distribution of rankings during the course of the event and lists of winners
Minimum number of transactions
Adoption of the list of winners by the Jury
Formal acceptance of a prize and information required from winners
Prizes awarded for portfolio management
Categories for awarding grand prizes in portfolio management
Portfolio Management Evaluation Criteria
Restriction on the winners of a grand prize for portfolio management during the previous edition
Prizes awarded for financial performance
Groups defined for the rankings of the financial performance evaluation
Awards for the Responsible Investment component
Categories for awarding Grand Prizes for the Responsible Investment component
Criteria used by the jury to evaluate the Investissement responsable component
How to participate in the Responsible Investment component?
Prizes awarded for overall performance
Categories for awarding grand prizes for overall performance
Criteria used by the jury to evaluate the overall performance
Additional Grand Prizes on the occasion of the 37th edition of the Bourstad Challenge
Grand Prizes for portfolio management by a female participant
Grand prizes for overall performance by a female participant
Grand Prize for overall performance by a university student
Grand Prizes for financial performance by a university student
Grand Prizes of the 2024 Bourstad Challenge
Deadlines
Beginning of the 2024 Bourstad Challenge
Definition of the investor-client
Creation of the initial portfolio management strategy
Define the participant's learning objectives
Provide additional justifications for a transaction
Adjust the portfolio management strategy
Qualifying test period for the Responsible Investment component
Self-assessment of learning achieved
End of the 2024 Bourstad Challenge
Call for testimonials from the Autorité des marchés financiers
Summary table of the deadlines of the 2024 Bourstad Challenge