Wednesday, 9 February 2011

Norfolk Schools Fantasy Shares League Launched

The seventh Norfolk Schools Fantasy Shares League, organised by NWES Exchange and supported by Larking Gowen and Eastern Daily Press, was launched at Wymondham High School on Friday, February 4.

Twenty-three schools from across the county have entered 100 teams, comprising 500 year 10 students. The teams have already planned their share portfolios, with an investment of £50,000, and will track their performance for three months. The league features an Investor of the Month prize for the best performing team in February, March and April and an overall winner at the end of April. The top teams from each school then compete in the live Stock Market Challenge in June.

Will Newton, Team Averagely Better Than You, Wymondham High School said: “We are really pleased to be involved in the Fantasy Shares League. It is part of our maths work. We studied the Eastern Daily Press shares page before making our decisions, and chose companies that had been performing well and looked as if they were going to keep on the up. We put together a shortlist of 20 before deciding on our final seven companies, which include Aviva and Serco. The team will be monitoring its portfolio on a weekly basis. We are really hoping to be the best team in the school, as we would like to go to the Stock Market Challenge in June.”

Jan Cockburn, NWES Exchange Events Manager said: “Fantasy Shares League is a very popular activity and for many schools in Norfolk is an integral part of the Maths and Business Studies calendar. Reaching the Stock Market Challenge at the end of the league is always a much prized reward for all the teams who take part.”

Steven Rudd, Partner at Larking Gowen said: "This is such an interesting way to give students an insight into the stock market. A career in finance may not be their goal, but it is vital for all young people to have an understanding, as finance and economics has such an impact on all of our lives. Larking Gowen is very pleased to be involved in making the Fantasy Shares League happen.”

NWES Exchange is part of the NWES group and exists to support schools and businesses to work together in achieving effective partnerships.

NWES Enterprise Agency has been helping pre-start, start up and existing businesses since 1982. It offers a range of business support covering finance, advice, training and premises in the East of England aimed at anyone who would like help and support in starting or growing a business, http://www.nwes.org.uk/, tel. 0845 60 99 991.

Photograph: Steven Rudd Larking Gowen and Jan Cockburn NWES Exchnage pictured with Team Averagely Better Than You.