MONTREAL, Jan. 14, 2019 /CNW Telbec/ - The Center for Interuniversity Research and Analysis of Organizations (CIRANO) and its partners launched the 2019 Bourstad Challenge registration campaign today.
From February 11 to April 12, 2019, novice and seasoned investors will have the opportunity to participate in the 2019 Bourstad Challenge and will be vying for more than $ 30,000 in prizes. The Bourstad Challenge is held online (www.bourstad.ca) and welcomes high school and community college students, and participants from the general public, including university students. Participants manage a $ 200,000 virtual portfolio. There are three components to the Challenge : financial performance, portfolio management and socially responsible investing. The most successful participants will be honored at the awards ceremony on May 15, 2019.
Bourstad simulations use a very innovative platform : real-time transactions, daily dividend payments, mobile compatibility, ... For the 2019 edition, the simulation offers the choice between two selections of eligible securities: a) the Bourstad Portfolio, consisting of 495 securities comprised of shares of Canadian, US and other countries' companies, and investment funds, or (b) the Bourstad Plus Portfolio, which offers 104 additional securities, mainly stock options.
«The BOURSTAD financial education program is part of CIRANO's projects on economic and financial literacy. This initiative improves the knowledge and skills in economics and finance of young people and the general public. Great success at this 32nd edition of the Bourstad Challenge and thanks to our partners. »
Nathalie de Marcellis-Warin, President and CEO of CIRANO
« The Autorité des marchés financiers is proud to collaborate on the repeated success and notoriety of the Bourstad Challenge. Our efforts continue to intensify in order to encourage and help Quebecers become more vigilant consumers in their investment decisions and Bourstad makes a very important contribution to our financial education activities, particularly with high school and college-level students»
Ms. Diane Langlois, Executive Director, Public Affairs and Communications, Autorité des marchés financiers and Honorary President of the 2019 BOURSTAD Challenge
The Bourstad program is a financial education activity of CIRANO which is supported by many partners: l'Autorité des marchés financiers, its principal partner, the business weekly Les Affaires, the Investment Industry Regulatory Organization of Canada (IIROC), Finance Montréal, CFA Montreal, TMX Group and QuoteMedia
SOURCE Center for Interuniversity Research and Analysis on Organizations (CIRANO)
For further information: Paul Bourget, coordinator, 2019 BOURSTAD Challenge, ([email protected] or 514 985-4000, ext. 3006)
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