Emile Naude graduated from Stellenbosch University in March 2015 with a BCom Hons in Economics (cum laude). In May the Barcelona Graduate School of Economics (BGSE) invited Emile to complete a MSc in Economics & Finance. All the courses are taught by internationally recognized experts in their fields, mainly drawn from the Barcelona GSE, whose research is published in the world’s top scientific journals in Economics and Finance. The department has recently been ranked 23 in the world. BGSE is also currently ranked as one of the top academic institutions in the world (14th) on the basis of its scientific output.
For his Honours dissertation Emile did research on the rationality of buy and sell decisions among South African unit trust investors. He used a large sample of individual investor trading accounts and determined that South African unit trust investors display a belief in performance persistence. In other words, South African unit trust investors buy unit trusts that performed well recently and sell unit trusts that performed poorly recently. Additionally, he found that South African unit trust purchases and redemptions are sensitive toward unit trust fees. He also found that South African unit trust investors, on average, do not make tax-motivated redemptions. Emile received 80% for his Honours dissertation.
Tuition fees for the 1-year masters degree amount to 14,500 Euro. If you would like to support Emile on this international learning endeavour please feel free to donate any small amount to his study fees!