Last update: 10-Dec-2013 1:42 am
Tuesday, December 10, 2013
Trinidad & Tobago Guardian Online
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UTC launches competition for young investors
The Unit Trust Corporation (UTC) yesterday launched the 23rd edition of its Schools’ Investment Game (SIG), handing out $100,000 in virtual money to each participating. UTC executive director Ian Chinapoo said students will spend the next 15 weeks compiling an investment portfolio.
“What is required is that teams adopt appropriate investment strategies to construct a portfolio comprising financial securities offered by the UTC, shares of companies listed on the domestic stock exchange, and the shares of companies traded on the New York Stock Exchange and the Nasdaq,” he explained. The team with the highest portfolio value will win up to $40,000 in units and have the opportunity to intern at UTC during the July/August vacation.
Chinapoo said SIG gives students the opportunity to learn how to invest and “to make decisions that could impact their portfolio and change their investing path.” He added: “We believe that equipping young citizens with the information and skills required to avoid life’s financial challenges can produce tremendous lifetime rewards.”
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