The best teams of this year's international "CFA Research Challenge," an annual competition organized by the Mongolian Society of Financial Analysts, have been selected, and the awards were presented on February 22, 2025.

Since 2020, the Mongolian Stock Exchange JSC has been a co-organizer and sponsor of the competition.

This year, a total of seven teams—three from the National University of Mongolia (NUM), three from the University of Finance and Economics (UFE), and one from Mandakh University—conducted research and analysis on Khan Bank JSC, competing with their financial knowledge and skills. The final rankings are as follows:

1st place: "Nexus" team, University of Finance and Economics
2nd place: "Phoenix" team, National University of Mongolia
3rd place: "Invictus" team, University of Finance and Economics

The winning "Nexus" team will soon participate in the Asia-Pacific sub-regional round, where they will compete against the best teams in the region.

If they continue their success, they will have the opportunity to compete in the CFA Institute Global Final, which will be held in May 2025 in Chicago, USA.

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