Hong Kong's future financial titans are set to clash in a battle of young minds as JP Morgan Asset Management convenes a fantasy fund manager competition for three local universities.
Opening ceremonies took place yesterday, and students will sit through a series of courses taught by JP Morgan starting next week about the basics of fund management and market analysis.
The competition will kick into high gear later this month when individual and group challenges begin.
The winners will receive a cash credit of up to HK$10,000 towards a new JP Morgan account.
'Most students can learn about [making] investments, but they don't have a chance to use those skills yet,' said Winky Fung, a vice-president of the Strategic Investment Society at the Chinese University of Hong Kong, one of the organisers of the competition. 'We hope that through all these activities, they can use their skills in real-life scenarios.'
Students will construct a dummy portfolio in the individual competition, using US$1 million worth of simulated money to choose from a selection of JP Morgan funds. The investments will be assessed from October 31 until the end of December.
In the group competition, teams of four or five students will submit a detailed investment proposal based on a sample case study of a client. The top five teams will be invited to a final interview round with JP Morgan professionals.