Vakıf Emeklilik has announced the results of “Virtual Fund Management” competition which was organized at schools that are in the scope of its project named ‘insurance lab’ with the aim of increasing financial literacy and market awareness through games.

“Virtual Fund Management” competition of the Insurance Lab Project was organized at Insurance Labs which were opened at Şişli Ahi Evran Occupational High School and Kadıköy Göztepe Occupational High School by request of the İstanbul Provincial Directorate of National Education. Students from 11th and 12th grades of these schools attended the competition in between 1 November 2018 and 30 April 2019.

As a result of the competition, Ezgi Çakmak,  a 12th grade student from Şişli Ahi Evran Occupational High School, and Tuğba Şevval Nur Dağ, an 11th grade student from the same school, won the competition by reaching highest portfolio revenues. Both students won the grand prize and were rewarded with laptops; while first runner-ups were rewarded with tablets and second runner-ups with gift cards. The competition continued for 6 months, and every student who gained highest fund returns at the end of each month were also rewarded with 100 TL worth of gift cards.

Winners of the competition received their rewards from two Assistant General Managers of Vakıf Emeklilik, Volkan Sinan and Ender Şenol.

The competition prepares students for the future

Assistant General Manager Volkan Sinan shared a short assessment after the awards ceremony, and stated that the competition made a significant contribution to the financial literacy education of Turkish youth. He added: “At Vakıf Emeklilik, we care about the improvement of financial literacy in our country and we display our difference in this field via several projects. We are aware that young people are the most important step in achieving this improvement. We have developed Insurance Lab Virtual Fund Management project to make sure that future generations can gain this awareness at early ages. As a first of its kind in Turkey, this competition was attended by 188 students from each of the two schools. It enables students to be engaged in a virtual fund management environment against real market dynamics. Moreover it offers them a competitive and entertaining digital experience. Therefore, competitors can have fun and learn at the same time. I hope that Insurance Lab Virtual Fund Management Competition has been a significant step in increasing the awareness about the insurance market for all attending students, regardless of their rankings in the competition.”