The AIM Class of 2022 created over 200 bps of alpha in the Small Cap Equity Fund during 2021
It was another strong year for the student-managers of the AIM Small Cap Equity Fund. The Class of 2022 generated a 17.54% total return for the twelve months ending on 12/31/21. This beat the Russell 2000 (benchmark) return of 15.38% for 2021.
The returns of the Small Cap Fund were below the benchmark during the first half of 2021; however, the performance surged in August and October with strong returns from Healthcare, Real Estate, and Consumer Discretionary holdings.