High School team wins inaugural School Shares Challenge
17 June 2021
The Ramsey Crookall School Shares Challenge was created to enable students to engage in work-related learning, enhance their financial capability, and provide transferable and employability skills.
The teams, made up of sixth form students from across the Isle of Man, skilfully took up the challenge of designing global equity portfolios which held a minimum of ten stocks across multiple currencies and investing a notional £100,000 at the outset.
The School Shares Challenge winners and runners up received their prizes this week when they visited the Ramsey Crookall office in Douglas.
Our 1st, 2nd and 3rd ranking teams all achieved impressive positive returns over the three-month duration of the competition, which commenced at the start of March and concluded at the end of May.
1st prize was £500, 2nd £300 and 3rd £200, paid to the school, and all participating students received some goodies. We look forward to learning how the prize money has been spent in due course.
In third place, the team from Queen Elizabeth II High School achieved a positive return of 2.13% over a three month period, an annualised equivalent of 8.52%.
In second place, the St Ninian's High School team achieved a positive return of 2.21% over a three month period, an annualised equivalent of 8.84%.
The winning team of the inaugural Ramsey Crookall School Shares Challenge, in this our 75th year in business, was the entry from Castle Rushen High School.
The Castle Rushen High School team achieved a highly commendable positive return of 7.87% over three months, a remarkable annualised equivalent of 31.48%.
Ramsey Crookall would like to congratulate and thank all the teams who entered the competition and the teachers and Schools who enabled students to augment their learning through participation.
We are sure some budding financial professionals just provided a clear indication of their skills, and we wish the students well in their future studies and careers.