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| Autumn 1999 issue | . | ND business students good at investing | |
LINKS: ND's College of Business Administration Standard & Poor's 500 Index |
If you thought mutual funds were a profitable investment
option, try putting your money in the hands of students in the College of Business
Administration.
The University makes semi-annual grants of $50,000 from its working capital account to the Applied Investment Management (AIM) Fund controlled by students in the business college=s Applied Investment Management class. The class enrolls about 25 students per semester C undergraduates in the fall, graduate students in the spring. Over its history, the AIM Fund has usually outperformed Wall Street, but it has been doing especially well this year. For the quarter ended June 30, 1999, the fund was up 13.82 percent versus 7.05 percent for the Standard & Poor=s 500 index. For the first six months of the year, the AIM Fund beat the S&P 500 23.93 percent to 12.39 percent. The Applied Investment Management course is taught by two finance professors C John Affleck-Graves and Frank K. Reilly, along with Scott Malpass, Notre Dame=s vice president for finance and chief investment officer. Reilly attributed the fund=s success to its heavy investments in such technology stocks as Cisco Systems Inc., Intel Corporation and Microsoft Corporation. Since its inception in 1995 with a $150,000 grant from the University, the fund=s value has increased to more than $955,000 through additional grants and prudent investing. At present there are no plans to use the money for anything other than continued investment. C Liz Nagle =99 |
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That=s what the University has been doing over the last
four years, and it has been paid off handsomely.