AIM International
Equity Fund Holdings and Performance as of 4/30/2017
April 2017 is the first month that the AIM students in the Class of 2018 were responsible for managing the three AIM Funds. The International Fund posted a return of 0.83% which was between the two benchmark (Russell Global xUS Index and S&P ADR Index). During the month of April there were four sets of presentations which began to change the makeup of the International portfolio.
and every AIM write-up since the inception of the program in 2005
is archived here).
More changes will be made to the funds before the end of the semester with at least two more ballots submitted to the AIM students for their approval. As the student are learning, International stocks also can have some rather surprising moves over the short-term. There were some rather dramatic movers (up and down) during the month - these are listed below – with Canadian and Mexican stocks underperforming as a result of the Trump Administration’s potential policy changes..
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For the Month of April 2017
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Total
Return
|
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AIM International Equity Fund
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0.83
|
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Benchmark:Russell Global xUS
|
2.32
|
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Benchmark:S&P ADR
|
0.73
|
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Top Performers
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|
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WNS (Holdings) Ltd ADR
|
11.92
|
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Travelport Worldwide Ltd
|
11.89
|
|
Caesarstone Ltd
|
9.52
|
|
Canadian Solar Inc
|
8.39
|
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Worst Performers
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|
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Cameco Corp
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-13.37
|
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Imax Corp
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-10.29
|
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Controladora Vuela Compania de
Aviacion SAB de CV ADR A
|
-9.54
|
|
Golar LNG Ltd
|
-8.66
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The following table displays the current AIM International Fund holdings as of 4/30/2017. The fund retains a relatively sector neutral posture and the students employ traditional bottom-up fundamental analysis in selecting the holdings. Regional exposures will some large under- and over-weights.
