The IFS has launched a scheme for university students which gives them a fantasy £100,000 to invest in the stockmarket over a threemonth period, with the overall winner picking up £9,000.
This is a more sophistic-ated version of the IFS’s student investor challenge which has around 30,000 students aged between 14 and 19 investing in the stockmarket.
The participants in the Uni investor challenge will learn about shares, bonds and gilts among other subjects.
The top-performing portfolio holders will then have to write an essay setting out how they chose their stocks.
There is also a postgrad-uate league, with a first prize of £3,000 as well as monthly prizes throughout the challenge.
IFS School of Finance director Anne Kiem says: “The IFS Uni Challenge is a useful tool in educating about finance, giving students a practical insight into stockmarkets, savings and investments.
“Any university student, no matter what subject they are studying, can participate in this free online challenge and they could win a substantial sum of money – greatly easing the costs of a university education – while improving their knowledge of investments.”