QE students through to regional final in national investment competitionDate Posted: 19/03/2013 | Posted In: Latest news
A team of four students from QE has reached the regional final in a national investment competition.
The team of Hannah Dennis, Lizzie Oliver, Maddy Wood and Sarah Ingham, have been coached by teacher Kevin Fields and chose the team name ’ Kev’s Barmy Army’ for the competition. They competed against more than 40,000 other students across the UK in the ifs Student Investor Challenge, made nearly £22,000 trading in virtual shares in just three months, outperforming the FTSE 100 share index in the process.
They will now represent QE at the Scotland, Northern Ireland and North England regional final, held in Leeds later this month. If successful, 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 for their College is up for grabs.
The free to enter competition, run by ifs School of Finance and supported by Bloomberg, provides teams with £100,000 of virtual money to buy and sell shares in FTSE 100 companies. The competition gives 14- 19 year olds the opportunity to experience the dynamic world of share dealing and investing in the stock market. Now in its 20th year, the competition is the largest of its kind in the UK and is also open to international students.
Rod McKee, Vice Principal of the ifs said:
“This competition gives students the opportunity to gain first-hand experience of making investment decisions, which will benefit them throughout their lives when making financial choices. It also introduces them to core concepts such as risk, reward and diversification. This is a real achievement and many congratulations go to the team from Queen Elizabeth Sixth Form College.”
The ifs School of Finance is a leader in financial education and a registered educational charity incorporated by Royal Charter. It has a remit to provide the financial services industry with a skilled, effective and competent workforce whilst also promoting a better understanding of finance amongst consumers.