Saturday, April 29, 2017

Marquette's AIM International Equity Fund Holdings and Performance as of 4/30/2017

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.
This past week’s equity write-ups can be found at:  AIM Equity Write-Up 04/28/17
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..
For the Month of April 2017
AIM International Equity Fund
Benchmark:Russell Global xUS
Benchmark:S&P ADR
Top Performers
WNS (Holdings) Ltd ADR
Travelport Worldwide Ltd
Caesarstone Ltd
Canadian Solar Inc
Worst Performers
Cameco Corp
Imax Corp
Controladora Vuela Compania de Aviacion SAB de CV ADR A
Golar LNG Ltd

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.

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