Winning team from Castle Rushen High School opened the London Stock Market. Industry experts shared their experiences with the pupils . Schools are invited to register their interest in the 2017/18 competition.
In June, the national winners of the Shares4Schools competition, organised by The Share Centre, had the privilege of opening the stock market at the London Stock Exchange. The sixth form students from Castle Rushen High School invested £1, 500 in real stocks and achieved more than 21% profit over the course of the competition.
The winning school were later joined by the regional winning teams from Tettenhall College in Wolverhampton and Warminster based Kingdown School.
As big advocates of financial education, The Share Centre invited influential guest speakers to discuss the importance of finance and their experiences in the industry, including representatives from Goldman Sachs Asset Management. Bryn Jones, Fixed Income Fund Manager from Rathbones highlighted the importance of practising what you preach to the pupils: "Often when hiring for investment roles, I see graduates with little or no investment experience. They have all the theory of investing but no real practical background – the Shares4Schools programme goes some way in helping their efforts."
Alastair Mundy, Head of Value at Investec Asset Management, who addressed the students said: "In today's competitive and unforgiving world of high student debt, low interest rates and economic uncertainty, garnering financial awareness and business astuteness from a young age could pay dividends in later life. The Shares4Schools competition stimulates an interest in business, in companies and helps participants to generate a real life understanding about the challenges, excitement and risk and reward of investing in the stock market."
Gavin Oldham, Founder of Shares4Schools and Chairman of The Share Centre said: "The real money competition is as compelling as ever and provides valuable experience for these Year 12 students, helping them to understand that share prices can indeed fall as well as rise. I congratulate all this year's students and am confident that the experience gained by taking part in Shares4schools will help them in whatever career they choose."