The nationwide competition, which starts next month, concluding with a final in March, will help develop understanding and awareness amongst business students in how the investment markets work. It is an educational initiative in which leading industry professionals will guide teams of three to four business and finance students, in researching and reporting on a publicly traded company.
It consists of analyzing a public company, mentoring by a professional research analyst, writing a research report and presenting its results and recommendations to a high profile panel of experts. Marks are awarded to each team on the basis of their investment case, their delivery and their ability to answer and respond to detailed analysis from the judges.
The success of this year’s national competition will lead to the UAE’s full participation in the next Global Investment Research Challenge hosted by CFA Institute in 2011. In this instance the winner of the 2011 national competition will represent the UAE at an EMEA regional final and, if successful, at the international final.
Yacoub Nuseibeh, President of CFA Emirates, said:
“The national competition will be the first of its kind held in the UAE. It is a fantastic opportunity for students to meet investment professionals working in the Emirates and gain practical experience into the work of a financial analyst. A successful national competition in 2010 will enable us to become part of the global competition in 2011, where the UAE champions will compete against successful teams from nearly 40 other countries.”
He adds, “The UAE remains the leading investment and financial centre in the region. In order for us to maintain this position, we must continue to invest in our future. This competition is further evidence of the continued educational work CFA Institute and CFA Emirates are doing to help support the investment professionals of tomorrow.”
The Global Investment Research Challenge was set up in 2002 by the New York Society of Security Analysts (NYSSA) – a member society of CFA Institute – to promote best practice in research among the next generation of financial analysts and to provide students with an insight into the investment industry. Its success in less than three years can be measured by the 1500 students from 250 universities from 36 countries who have since taken part. Now entering its fourth year, the event continues to grow with national competitions taking place in more countries than ever before.
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