Eight teams of student traders will compete for an all-expenses paid trip to New York after making it through to the national final of the 2015 Student Investor Challenge.
To reach this stage, the would-be Warren Buffets have beaten more than 30,000 other students and outperformed the FTSE 100 share index in growing their portfolios from a virtual £100,000.
The teams from Peterborough, Bangor, Sevenoaks, Cheltenham, Windemere, Bridge of Allan, Sutton and Malemsbury will now attend the national final in London, where they will compete in a live trading simulation and deliver an interactive business presentation on ethical investing to an expert panel of judges. The winners of the final will secure an educational trip to take in the sights and sounds of New York and Wall Street.
The Student Investor Challenge is a free to enter competition, run by ifs University College, the University College for financial education. It provides teams of up to four students aged between 14-19 with a virtual £100,000 to trade shares, stocks, futures and assets and the opportunity to experience the dynamic world of share dealing.
This year’s challenge attracted more than 10,000 teams in 2015 where the top 50 teams’ investments totalled over £7million in just a four month period.
Alison Pask, Vice Principal at ifs University College said:
“This year’s contest has been one of the most keenly-fought yet, with very little to choose from among the top trading-teams. To reach this stage, the finalists have all done exceedingly well.
“The Student Investor Challenge is designed to spark an interest among teenagers in learning about finance and helps to develop a broader range of skills, such as team-working, researching, communication and analysing current events. Regardless of which team eventually triumphs, all have enjoyed a memorable and worthwhile experience.”