Registration for the Award-Winning 4th Golden Egg Fund Competition for University Students Begins on September 18th
In collaboration with Takasbank, the Turkish Capital Markets Association (TSPB), and the Turkish Association of Corporate Investment Managers (TKYD), the fourth edition of the “Golden Egg University Fund Basket Competition” aimed at university students will begin accepting applications on September 18th. The competition, which is intended to encourage university students to engage in long-term investments, increase their knowledge about investment funds, and promote the use of the Turkey Electronic Fund Trading Platform (TEFAS), is open to students between the ages of 18 and 26 who are enrolled in an undergraduate or graduate program at a university in Turkey. Applications for the award-winning “Golden Egg University Fund Basket Competition” can be submitted by downloading the “Golden Egg Fund Basket” application on IOS or Android devices.
The applications for the “Golden Egg University Fund Basket Competition,” organized in collaboration with Takasbank, the Turkish Capital Markets Association, and the Turkish Association of Corporate Investment Managers, will begin on Monday, September 18th. The fund basket competition, which aims to direct university students towards long-term savings and investments, enhance their knowledge about investment funds, and increase the usage of TEFAS, is being held for the fourth time this year.
In the “Golden Egg University Fund Basket Competition,” university students will manage their portfolios in a virtual environment. The goal of the competition is to manage a total of 1 million TL of virtual budget within the specified targets and constraints, ensuring the highest return with the most suitable risk. This year, as a new requirement, participants will be obliged to invest a minimum of five percent in “Sustainability” funds to raise awareness about sustainability.
Managing a virtual budget of 1 million TL
Participants will be asked to manage a total virtual budget of 1 million TL. Participants can only create their asset allocation from securities investment funds (excluding free funds) traded on TEFAS. Participants can trade between 14:00 and 23:00 on weekdays and weekends, and they can change or balance their baskets a maximum of four times per month.
A competition with significant cash prizes
At the end of the competition, a total of 80,000 TL in cash prizes will be awarded, with 40,000 TL for the first-place winner, 25,000 TL for the second-place winner, and 15,000 TL for the third-place winner. It will be mandatory to be a student as of the registration date to be eligible for the prizes. A participant who wins the award two years in a row will not be eligible for an award if they participate in the competition for the third year.
Competition for students aged 18-26
Participation in the Golden Egg University Fund Basket Competition is free of charge. Students between the ages of 18 and 26 who are enrolled in an undergraduate or graduate program at a university in Turkey can participate. Registrations can be made by downloading the “Golden Egg Fund Basket” mobile application on IOS or Android devices. Participants can also register with their name, surname, university and department information, date of birth, Turkish ID number, contact information, and university email address or a different email address. The competition will take place between October 11, 2023, and May 27, 2024.
“Strong knowledge and portfolio with the TEFAS platform”
Avşar R. Sungurlu, General Manager and Board Member of Takasbank, expressed their happiness in being a project partner and providing infrastructure support in the fourth year of the “Golden Egg University Fund Basket Competition.” He emphasized the importance of this established project in contributing to the awareness of university students about the capital markets and their financial literacy levels.
Sungurlu underlined that it is essential for the youth who shape our country’s future to start their investment habits and financial literacy during their university years. He stated that the competition would contribute to the development and deepening of the capital markets and also recommended that participants benefit from the TEFAS platform (www.tefas.gov.tr) for detailed fund analysis and comparison to maximize their portfolio’s profitability.
Sungurlu highlighted that interest and participation have been increasing year by year and expressed their commitment to continuing to contribute to the sustainable development of our country.
“Young people will learn to design a sustainable future with their investment preferences”
Ibrahim Öztop, Chairman of the Board of Directors of the Turkish Capital Markets Association (TSPB), pointed out that the increasing natural disasters such as fires and floods have once again highlighted the most important global issue, which is “sustainability.” He emphasized that finance, which has the power to transform all industries, is increasingly focused on “green transformation” worldwide. Öztop also highlighted that sustainability funds (ESG: Environmental, Social, and Corporate Governance) have been growing significantly in recent years in the investment sector globally. He noted that interest in sustainability-themed funds has also been increasing in Turkey.
Öztop said, “There is a need to raise awareness about sustainable investment or, in other words, ‘green investment.’ In this year’s 4th Golden Egg University Fund Basket Competition, we aim to make investments in ‘Sustainability’ funds mandatory to increase young people’s awareness of sustainability. This way, our youth will learn how to make investments that contribute to a sustainable future with their investment preferences.”
Öztop also highlighted the importance of domestic savings in shaping Turkey’s potential growth continuously. He emphasized that saving is the first step in this regard, and the crucial step is to invest every lira of individual savings in investment instruments. This not only increases individual income and financial freedom but also provides the necessary financing for the long-term sustainable growth of companies and our country’s economy. Öztop stated that as TSPB, they consider increasing financial literacy in our country as a top priority and conduct various activities ranging from communication to education.
“Contributing to students’ financial literacy and encouraging them to invest in investment funds for the long term”
Yağız Oral, President of the Turkish Association of Corporate Investment Managers (TKYD), stated that they aim to introduce Investment Funds and TEFAS to university students and increase financial literacy with the traditional Golden Egg University Fund Basket Competition, organized annually by TSPB and Takasbank in collaboration. He emphasized their goal to encourage university students to turn to long-term investments through investment funds.
Oral highlighted that this year, they have made it mandatory to invest in “Sustainability” funds, stating, “Students will become familiar with environmental, sustainability, and impact investment themes and the funds that invest in these themes over time. In this way, they can make more environmentally friendly investments and contribute to our future.”
Oral explained, “The purpose of organizing this competition is to contribute to financial planning starting during university years, encourage university students to balance the risk-return ratio between different asset classes with a long-term perspective, and introduce the TEFAS infrastructure to students.”
TEFAS provides the technical infrastructure for the competition
The technical infrastructure of the competition will be provided by the “Turkey Electronic Fund Trading Platform” (TEFAS), established and operated by Takasbank, in line with the fund basket rules of the Capital Markets Board.
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