CAU School of Business WINS the Bloomberg Terminal ESG HBCU Stock Challenge
In January, Clark Atlanta University joined Howard University, Hampton University, Morehouse College and Morgan State University as participants in the Bloomberg Environmental, Social and Governance (ESG) trading challenge event. This event was a virtual investment competition that took place entirely onthe Bloomberg Terminal. Dr. John Young, an Associate Profession of Finance at the Clark Atlanta University Business School, led students through the challenge.
I asked Dr. Young to explain what the “Bloomberg” terminal did and how it worked. He spoke about live data to make Wall Street trades. Using an entity’s “ESG” rating, students were given funds to build a portfolio. The program took place over a six-week period. The student who grew their portfolio the most over the period won. Darrin Stephens, a CAU Business School student, won with a profit of 29%. Young went on the explain that the securities class used the challenge of understanding fo using financial skills to create financial independence.
While the challenge involved business school students, Young shared that at Clark Atlanta University, “personal finance” is taught across all curriculums. During Smart Money Week, all students will be involved in an investment challenge in April. Additionally, the community will be invited on campus to learn about creating their own financial independence.
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