Eight teams of four students have beaten 10,000 teams to reach the 2016 final of the ifs Student Investor Challenge.
Teams from Yarm School, The King’s School in Peterborough, Tiffin School in Kingston, Isambard Community School in Swindon, Bishop Luffa School in Chichester, Queen Elizabeth’s in Barnet, the Abingdon School and Hulme Grammar School in Oldham outperformed their peers – and the stock market – to reach the final, where they will compete against each other for a chance to win a trip to New York and £2,000 for their school.
To reach the final, the students have already negotiated a series of tough financial challenges, having profitably invested two virtual portfolios of £100,000 over a three-month period, before successfully predicting the rise and fall of various assets and equities at the semi-final stage. More than 40,000 students signed up to the ifs Student Investor Challenge.
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 encourages students to develop important life and employability skills such as developing their confidence in researching, presenting, writing and team-working, through learning about savings, investments and other crucial financial concepts.
Alison Pask, Vice Principal at ifs University College, said:
“To reach the final is a tremendous achievement and the teams should be extremely proud of their performance so far. No matter the eventual outcome, they have demonstrated their understanding and expertise and excelled in understanding and evaluating complex financial concepts, skills that will serve them well.
“At the final, with an all-expenses-paid trip to New York in touching distance, the level of competition will only rise, so we wish them and all of the other finalists good luck!”
For more information on the ifs Student Investor Challenge, please visit: www.studentinvestor.org.