A tale of two SMIPs: equity and fixed income

Purpose The purpose of this paper is to document and compare the characteristics of two student-managed investment funds at the University. Design/methodology/approach This study uses a case study approach to achieve this purpose. Findings Consistent with other studies, this study finds considerable...

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Bibliographic Details
Published in:Managerial finance 2020-06, Vol.46 (5), p.636-646
Main Authors: Howe, Thomas S, Kotomin, Vladimir, Liao, Min-Yu (Stella), Varma, Abhishek
Format: Article
Language:English
Subjects:
Asset allocation
Colleges & universities
Decision making
Donations
Equity
Exchange traded funds
Funding
Income funds
Investment policy
Investments
Learning
Portfolio management
Portfolio performance
Stocks
Students
Treasuries
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Summary:Purpose The purpose of this paper is to document and compare the characteristics of two student-managed investment funds at the University. Design/methodology/approach This study uses a case study approach to achieve this purpose. Findings Consistent with other studies, this study finds considerable differences in funding, oversight and the structure of the courses in which the students manage the portfolios. This is the case even though the portfolios are managed by students in courses offered by the same department at the same university. Originality/value This study presents different possible ways of obtaining funds and structuring courses in which the students manage investment portfolios.
ISSN:0307-4358
1758-7743
DOI:10.1108/MF-08-2018-0399