College of Business Receives Gift for Student Managed Investment Fund

College of Business Receives Gift for Student Managed Investment Fund

The College of Business has received a $100,000 gift from a donor who wishes to remain anonymous to create a Student Managed Investment Fund (SMIF) program beginning this fall. The fund will be managed by graduate and undergraduate economics and finance students, who will be responsible for all investment research and reporting.

"This new program dovetails with the College of Business' mission to provide experiential learning by giving finance students the real-world experience of managing the responsibilities of investment research, analysis and portfolio management strategies," said College of Business Dean Robert Scherer. "We are very grateful to our donor for giving this opportunity to so many of our students."

The SMIF will begin with five to six student members. Faculty advisor Jenny Gu, assistant professor of economics and finance and a Chartered Financial Analyst, will be responsible for approving and executing the students' recommendations. In addition, an advisory board will be formed of UD faculty, staff, trustees and Dallas business professionals with expertise in investment managing to guide the student members.

Students will follow a conservative management strategy, investing primarily in S&P 500 companies and diversifying their portfolio across different industries. The SMIF will also be used to complement coursework in a master's of science in finance program beginning next fall.

"This hands-on investment experience will provide students with an opportunity to put their theoretical knowledge into practice, giving them a leg up in the job market," said Gu.

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