The fund has a clear hierarchy with opportunities for dedicated students to easily move up to handle more responsibility.
It can be summarised in the chart below:
The fund was set up in March 2015 with €10,000 in AUM (assets under management).
Trading in its first year was restricted due to its set up being close to the end of semester but the stocks that were bought resulted in a growth of 3.09% which fared well in comparison to the S&P 500’s growth of -0.53% during the same time period. 2016 and 2017 saw strong periods of growth for the fund as trading took place more frequently and the fund achieved a return of 13.63% and 12.44% respectively.
Notable investments included:
Boeing: return of 122.4% (highest in fund’s history)
Kingspan Group: return of 106.02%
Texas Instruments: return of 39.4%
Nike: return of 32.01%
The chart above also illustrates how well it has performed since inception in comparison to the S&P 500 index.
What is most notable is that this has been done independent of any help from industry professionals. While people with a considerable amount of finance experience have come in to UCD to give talks and hold workshops, all trade ideas came from students without any external assistance. This goes to show the potential that our fund has for further performance and the calibre of the students involved.
Apart from its emphasis on ensuring that the fund acts as a way for students entering the corporate world to gain useful industry knowledge, it has also consistently brought in UCD alumni to give students a chance to network with professionals.
Besides regular interaction with Goodbody Stockbrokers, the SMF in 2017/18 also established links with Fidelity International, Credit Suisse, and Davy Stockbrokers.
In the case of Fidelity, UCD and DCU SMFs jointly hosted a two-day Investment Workshop and Stock Pitching Competition. 9 successful candidates were flown over to Fidelity’s head offices in Cannon Street, London, for an exclusive insight day and the opportunity to be fast-tracked in their recruitment process.
In the case of Credit Suisse and Davy, involvement was spread across both semesters, with each presenting directly to fund and society members on topics ranging from what drives equity markets to the risks of Bitcoin and sharpening your CV.