Eight teams have beaten more than 10,000 others from across the UK, to reach the final of the 2017 Student Investor Challenge.
To reach the final, the teams of four students, from King Edwards School in Bath, Congleton High School, the Priory School in Hitchin, Mill Hill County High School, the Judd School in Tonbridge, Bexley Grammar School in Welling and two teams from Ashmole Academy actively managed several virtual investment portfolios, over a period of three months. This included buying, selling and holding a range of FTSE 100 shares, exchange-traded funds and commodities, as well as successfully predicting the rise and fall in the value of stocks and shares.
The students will now compete against each other in a series of live trading challenges and will each deliver an investment presentation to a panel of finance experts. At stake is an all-expenses paid trip to New York City and £2,000 for their school.
The Student Investor Challenge is the largest investment competition for schools in the UK. It is run each year by financial education charity, The London Institute of Banking & Finance and challenges the hundreds of thousands of teenagers who take part each year to research, analyse and interpret the financial markets and to work together to negotiate the challenging world of investment management.
Alison Pask, Managing Director, Financial Capability & Community Outreach, at The London Institute of Banking & Finance, said:
“As we have seen over the past six months, global events have led to some very unstable markets, so this year’s competition has been harder than ever for the competitors.
“That the teams have been able to successfully manage two investment portfolios, which is more than many professionals have been able to do, in such challenging conditions, shows the level of dedication they have put into the competition and their understanding of financial markets. We wish them all the best of luck in the final.”
For more information on the Student Investor Challenge, please visit: www.studentinvestor.org