AUTORITI Monetari Brunei Darussalam (AMBD) hosted a prize-giving ceremony for the winners of the Investment Challenge 2017 recently.
The competition, co-organised by AMBD and Brunei Darussalam Capital Market Association (BCMA), was opened to undergraduates of local higher learning institutions in Brunei Darussalam.
The objectives of this competition were to cultivate awareness on financial investment, introduce asset allocation concepts and generate interest in financial investment and capital markets.
Seven teams, each comprising four members, participated in the competition. The four participating higher learning institutions were Universiti Teknologi Brunei (UTB), Universiti Islam Sultan Sharif Ali (UNISSA), Kolej International Graduate Studies (KIGS), and Politeknik Brunei.
The competition kicked off with a training session for all participating teams, conducted by UOB Asset Management (B) Sdn Bhd.
During the competition, four panel judges were appointed to evaluate the per-formances of the teams based on several criteria including quantitative returns on investment, qualitative aspect such as portfolio diversification, and analysis of their investment strategy.
The prizes were presented to the winners by Yusof bin Haji Abdul Rahman, the Managing Director of AMBD.
The first place winner of the competition was UNISSA LANS, winning the top prize of a five-day fully sponsored attachment programme with Lion Global Investors Limited in Singapore, trophies and accompanying prizes. The second place went to UTB, with prizes including a three-month attachment programme at Baiduri Capital and Bank Islam Brunei Darussalam (BIBD) Securities, trophies and accompanying prizes. The third place went to UNISSA Year 3.
The prizes were sponsored by AMBD, Lion Global Investors Limited, UOB Asset Management (B) Sdn Bhd, Baiduri Capital, and BIBD Securities.
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