Dalhousie Closing in on a 2nd or 3rd Place Finish in Financial Post Competition
The Faculty of Management is pleased to announce that Team Dalhousie sits tight in 3rd place, in the Financial Post’s MBA Portfolio Management Competition. According to FP’s article last week, York has paved itself into first place, but has apparently made a mistake, which might lose it the spot. This opens up a chance for a second or third place finish for Dalhousie.
Team leader Shannon Lynch states: “We kept the same picks for this month but changed the weights in our portfolio. For the month of February, Team Dalhousie will continue to stick with our original strategy of investing Mr. Old Money into a diversified portfolio of Canadian securities. We are satisfied with the results to date of investing in Exchange Traded Funds (ETFs) as they have provided solid returns while minimizing the risk of our portfolio.”
“Reflecting on the results of the Canadian election, with a minority Conservative government, we believe that a ruling on bank mergers is unlikely anytime soon. We also believe that Conservative government discussion of reforms of the capital gains tax could benefit the Midcap sector, as there may possibly be a greater incentive to remain invested in the market,” says Lynch.
The competition began in October, when nine MBA schools across Canada accepted a challenge. Each team was given $1 million in pretend money to invest on behalf of a hypothetical investor (Mr. Old Money).
"The team that generates the best risk-adjusted return by the end of March wins," says David Berman of the Financial Post.
