Five hundred teams of students, from an initial 10,000, have outperformed the stock market and secured their places in the semi finals of a national investment competition.
After an intense three month period of online trading, the teams will now go on to represent their schools in the next phase of the ifs Student Investor Challenge, where they will be awarded points for accurately predicting the closing price of certain assets on a weekly basis, testing a whole new skillset.
If successful at the semi-final stage, they will have the chance of making it through to the national final in April where an all expenses paid educational trip to New York and £2,000 awaits the eventual winners.
The ifs Student Investor Challenge, run by financial education charity ifs University College, is the UK’s largest investment competition for schools in the UK. Free to enter, the competition provides teams with two virtual investment portfolios of £100,000 where they are challenged to make both short-term and strategic trades over a three month period.
Alison Pask, Vice Principal at ifs University College, said:
“After only three short months of trading, the students have demonstrated their ability to understand and navigate the complex world of stock market investing. Now at the semi final stage, the competition will only become fiercer as a place in the national final beckons for those teams prepared to go the extra mile and hone their research, team working and communication skills even further.
“We wish all of the teams competing every success at the semi final stage.”
For more information about the ifs Student Investor Challenge, please visit: www.studentinvestor.org/