Upon invitation from CFA NL, CFA Society Luxembourg and CFA Society Belgium, local universities assemble teams of 3 to 5 persons each. Under guidance of a mentor, students write an equity research report on a publicly traded company, and present their findings to a distinguished panel of experts.
The teams are judged on their written reports and the accompanying presentations and a winner is selected. Every member of the winning team receives a CFA scholarship, whilst the team receives a €500 check. Furthermore, the winner will advance to the EMEA and possibly even to the Global Research Challenge Finals. Throughout the competition, CFA Society Luxembourg, CFA Society Netherlands and CFA Society Belgium investment professionals volunteer as mentors and judges and teach these students best practices in equity research and corporate analysis.
The program typically runs as below:
- October: kick-off
- November: company visits
- January: deadline reports and semi-finals (four best teams)
- February: local finals
- March: EMEA regional finals