Students turned into investment managers
A new scheme to help educate students about making investments into the stock market has been launched today by ifs School of Finance.
The finance education charity hopes to turn up to 40,000 youngsters taking part in the 2009/10 competition into investment managers by encouraging them to put an imaginary £100,000 into companies on the FTSE 100 over a four-month period.
Prizes for the best-performing investment managers will include an all-expenses-paid trip to New York as well as £2,000 in cash for their school.
The charity wants to show the students what it is like to be an investment manager along with educating them about finances to preparing them for the future.
Rod McKee, head of financial capability at the ifs School of Finance, said: "We again look forward to a record number of teenagers taking part in a competition that gives school and college students a very realistic introduction to savings and investments in a completely risk-free environment.
"I urge all 14-19 year olds to take advantage of this fantastic learning opportunity," he added.
The scheme is similar to a competition recently launched by the Share Centre, aimed at educating young people in how shares and investments work.
Starting in October, the Shares4Schools contest is to allow year 11 students across the UK to become investment managers, putting real money into the stock market in order to teach them about the economy.
Written By Tobias Bluth
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