Four students from Reading School have overcome challenging market conditions to become the latest monthly winners of the 2017 Student Investor Challenge.
Saket Koti, Pranav Shyam Prasad, Karthikeyan Neelamegam Ganesh and Abhinav Heble, triumphed throughout December in the national competition, run by The London Institute of Banking & Finance, growing their virtual £100,000 portfolio by more than £5,000.
The team has secured an opening prize of £100 and now stand a good chance of making the semi-final stage, where teams are challenged to predict the rise and fall of stocks, with the best eight performing teams then competing for a chance to win a trip to New York City.
The Student Investor Challenge is the largest competition of its kind for schools and colleges in the UK. Each year, more than 40,000 students take part, where they are challenged to research and anticipate market movements, by investing virtual money in FTSE organisations and through other asset classes.
Ms F Smith, Head of Economics at Reading School, said:
“The team have combined meticulous research with an enviable financial acumen to get them this far. Their infectious enthusiasm has generated real excitement in the Investor challenge across the school and increased pupil awareness of the stock market and the factors that drive share prices.”
Alison Pask, Managing Director, Financial Capability & Community Outreach at The London Institute of Banking & Finance, said:
“As we have seen recently, financial markets are continuing to undergo a period of prolonged volatility, making the team from Reading School’s performance even more impressive in growing their investments. They will need to continue to build upon this good work and develop the skills they have so admirably demonstrated already even further to reach the semi final stage. We wish them and indeed every team taking part, good luck in doing so.”
For more information on the Student Investor Challenge, please visit: www.studentinvestor.org