Rules

What is “Country Pick”?

A free-of-charge money management game.

This game will give you a feel for how money is managed.

Rules

1.Each participant starts with a virtual investment amount of US $10 million
2.The investment universe is comprised of virtual index funds linked to the equity markets of 35 countries and regions. Participants invest in a country/region simply by entering its weighting (%) into their portfolio.
3.The maximum allocation when setting each fund’s weighting is 30%, and the minimum allocation is 5% (although weightings may rise above 30% or fall below 5% as a result of market action).
4.The maximum number of funds per portfolio is 20.
5.The entire virtual investment amount must be fully invested in virtual index funds – in other words, participants cannot keep an uninvested portion as “cash”.
6.As the game is operated from Japan, trading is only possible on Japanese business days. Transactions which are submitted by 3:00 p.m. Japan Standard Time will be completed on the next business day. Processing for transactions which are submitted after 3:00 p.m. JST will not begin until the following business day, and therefore will not be completed until two business days after they are submitted. Processing for transactions which are submitted on non-Japanese business days will also begin on the next business day.

Note: JST = EST + 14:00
(3:00 p.m. JST is 1:00 a.m. EST of the same day)
7.Trust fees are not deducted from the portfolio as a whole, but from each individual index fund in the portfolio. Fees are 0.60% for the Japanese stock index fund, 0.70% for the index funds of stocks of developed countries other than Japan, and 0.85% for the index funds of emerging country stocks.
8.Participants will compete based on their investment returns for each period.
9.Participants’ investment returns will be calculated at the end of each business day and updated in the competition rankings.