Portfolio Challenge

This is an educational Challenge which lets syndicates build a virtual share portfolio and track it over time.
Open to all New Zealand residents (except employees of NZX or any Market Participant and their immediate families).
Players from syndicates that register through a school will recieve participation certificates at the close of the challenge.
Schools can register multiple teams and pay in a single payment (see registration page for details).
Participants can compete either individually or in teams consisting of a minimum of two (2) to a maximum of five (5) members. Each group (or individual) is referred to as a syndicate.
Terms and Conditions of Play apply.

Challenges can commence and finish as syndicate desires or continue indefinitely.
Syndicates may re-register annually ensuring the portfolio will stay intact.
A month before a syndicate's subscription is set to run out, syndicates will receive an email informing them that their subscription is to run out in a month.
See ‘Prize' section for registration dates to be eligible for the 2005 Smartshares prize.

An annual registration fee of NZ$30 (inc. GST) per syndicate is payable to NZX upon registration. Online credit card payments only (Visa or Mastercard accepted).
A ‘virtual' brokerage fee of NZ$30 will be charged for each trade in the Challenge which has a value of up to, but not including NZ$10,000. For each trade that has a value of $10,000 or more, a brokerage fee of 0.3% of the trade's value will be charged. Note: this is a ‘virtual' fee, which will be taken only from your ‘virtual' cash in the Challenge game. If a syndicate does not have enough cash to pay the brokerage fee attached to the trade, then this trade will not be made.

Prize of NZ$2500 of Smartshares (the specific product will be determined by NZX) for the syndicate that identifies and best meets their intended investment strategy and direction.
Judged 12 August 2006, a selected panel will, at a set date, examine each syndicate's intended style, strategies and projected portfolio value against what was outlined in each syndicate's registration.
Prize Terms and Conditions apply.
You must have been registered by 12 August 2005 to be eligible.

Each team/individual is allocated $75,000 of virtual cash at the completion of their first registration.
There is no limit on the amount of trades that an individual or team can make. However, each trade will incur a ‘virtual' brokerage fee so syndicates must ensure they have the necessary cash to pay this fee.
The maximum number of listed companies that shares can be held in is twenty (20), while the minimum number that can be held is one (1).
General Trading Rules apply.