A student-managed investment fund course design structure. Issue 4 (13th March 2019)

• Record Type: Journal Article
• Authors: Phillips, Michael; Volker, John; Cockrell, Susan
• Is Part Of: Managerial finance. Volume 46:Issue 4(2020)
• Page Start: 473
• Page End: 480
• Publication Date: 2019-03-13
• Subjects: Investments -- Course design -- Student-centered learning environment -- Student-managed investment fund -- Student-managed portfolio; Corporations -- Finance -- Periodicals; Business enterprises -- Finance -- Periodicals; 658.1505
• DOI: 10.1108/MF-03-2018-0121
• Languages: English
• ISSNs: 0307-4358

Abstract

Abstract : Purpose: The purpose of this paper is to provide a detailed framework of goals, processes and solutions that can serve as a starting point for instructors in designing their own student-managed investment fund (SMIF) course experience that is relevant for all undergraduate business majors. Design/methodology/approach: The design is suitable for a wide audience without prior equity investment expertise, lead to equity portfolio management competency and concentrate heavily on the understanding of the elements of a competitive business model. One noteworthy aspect of the proposed pedagogy is that it does not require a text, uses only real-world resources and is flexible in its execution. Findings: The proposed pedagogy has achieved long-term success by consistently exceeding performance expectations. Originality/value: According to the extant literature, many SMIFs are restricted to only a few students, develop skills unevenly across class participants, or are not formally organized or executed. There is a lack of in-depth and specific resources available in the extant literature to assist course designers in an SMIF design and execution. This manuscript fills this void by providing a detailed framework of goals, processes and solutions that can serve as a starting point for instructors in designing their own SMIF course experience.