Chinese trio scoop investment club prize
Over 50 students across 14 different teams took part in the virtual investment challenge which offers a prize for the biggest return on investment over a six week period.
The winning group of final year Accounting & Finance students earned a profit of £6,716 on an initial investment of £100,000, equivalent to an annual return of over 58%.
Meiyi Lei (Leo), Zongyan Li (Lee) and Xiaojing Yang (Bella) are all on Leeds Metropolitan programmes from the Sino-British College, USST, but are completing the final year of their degree in Leeds. This is the third year in a row the competition has been won by students originating from China.
Paul Houghton, Leeds Business School lecturer, added: "The aim is to provide students with an opportunity to more closely understand how the financial markets operate, to gain insight in to a possible future career path or even just to be more equipped to manage their own financial circumstances in the future. At a time of continuing uncertainty in the market, 16 teams recorded a profit, with a further six teams breaking even. Overall, a commendable performance! We're grateful to Redmayne-Bentley for their support in what is the third year of this great competition."
Each member of the winning team received a cheque for £100 together with a certificate in celebration of their achievement presented by Keith Loudon, senior partner of Redmayne-Bentley, and Damian Ward, Acting Dean of the Faculty of Business & Law.
Keith added: "I'd like to congratulate Leo, Lee and Bella on their success. With the winning team once again coming from Shanghai, I think it is a marvellous achievement and demonstrates the Chinese' shrewd approach to the stock market. This is a really well received initiative and we're proud to be working together with Leeds Metropolitan University in delivering it."
The competition is facilitated by Leeds Metropolitan economics graduate and Redmayne-Bentley stockbroker, Lauren Charnley.