Thursday, August 30, 2018

Marquette's College of Business Welcomes New Faculty

The Provost's Office has met with the newest faculty members of the College of Business Administration and compiled the following to help the Marquette community get to know them better. Each new member was asked to respond to three statements.
1. During my first year on campus, I'd like to _____________________.
2. I'd like to connect with colleagues interested in ________________.
3. I'd like to learn more about _________________________________.


Xin (Sophie) LuoXin (Sophie) Luo
Assistant Professor
  • During my first year on campus, I’d like to build connections with students and colleagues and create an engaging and effective learning environment in class.
  • I’d like to connect with colleagues interested in business research on public interest and corporate disclosure.
  • I’d like to learn more about interdisciplinary research opportunity and local community.​

Sungjun HuhSungjun Huh
Assistant Professor
  • During my first year on campus, I’d like to be a good teacher for students, a good colleague to everyone in Marquette University, and a good researcher.
  • I’d like to connect with colleagues interested in finance. I’d also like to connect with those interested in Mathematics and Computer science.
  • I’d like to learn more about how to inspire students economically through my classes.​

Walter MelnikWalter Melnik
Assistant Professor
  • During my first year on campus, I’d like to connect with colleagues, develop research collaborations, and effectively instruct and mentor students.
  • I’d like to connect with colleagues interested in economics, state and local government policy, sports and outdoor activities.
  • I’d like to learn more about resources for researchers and instructors on campus, Marquette's involvement in the community.​

William LeeWilliam Lee
Instructor of Practice
  • During my first year on campus, I’d like to establish myself as a member of the Marquette community and begin to make an impact on the university and my student’s development.
  • I’d like to connect with colleagues interested in business, innovation and Marquette club hockey.
  • I’d like to learn more about engaging and motivating students in the online environment.​

Richard RuzgaRichard Ruzga
Instructor of Practice
  • During my first year on campus, I’d like to take some classes.
  • I’d like to connect with colleagues interested in local business building/connections.
  • I’d like to learn more about how Marquette operates – Board, Provosts, Deans, VP’s.​

Jessica OgilvieJessica Ogilvie
Assistant Professor
  • During my first year on campus, I’d like to become ingrained in the community and culture of MU and the city of Milwaukee.
  • I’d like to connect with colleagues interested in finding impactful ways to connect academia with industry and the community.
  • I’d like to learn more about opportunities to contribute to the Milwaukee community.​

Pamela PetersonPamela Peterson
Instructor of Practice
  • During my first year on campus, I’d like to build a solid foundation for new long-term relationships with Marquette students, faculty, administration, employers and other stakeholders in order to deliver truly meaningful outcomes.
  • I’d like to connect with colleagues interested in similar interests -professionally, selling and finance and on the personnel side, interests such as the visual and performing arts, architecture and nature.
  • I’d like to learn more about Marquette University, specifically its mission and traditions.​

Stacie WaitesStacie Waites
Assistant Professor
  • During my first year on campus, I’d like to connect with the faculty and students to become a part of the Marquette community.
  • I’d like to connect with colleagues interested in travel and study abroad programs, sustainability, and student engagement.
  • I’d like to learn more about the culture and community of Marquette.​

The 'Finance in New York Program' is hosting an Open House on Tuesday, September 4th in the AIM Room

'Finance in New York Program' Open House on Tuesday, September 4th

All accounting, economics and finance students interested in learning more about Marquette’s Finance in New York Program are welcome to attend the information session being held Tuesday, September 4 at 5:00 pm in Straz 488 (AIM Room).  

This opportunity enables students to experience living, working and learning in the world’s financial capital, while enjoying the city’s many cultural experiences.  

The program director, Jeff Germanotta [] and recent program participants will provide a short presentation and be available to answer your questions. 

Please also refer to the program’s web site for more information,

Students also enjoyed participating in multiple alumni networking events in NYC this past summer.

Wednesday, August 29, 2018

Presentation about the Marquette Finance in New York Program

These are the slides being shared in Marquette finance classes this week about the 'Finance in New York Program'

To learn more about the Marquette Finance in NY Program contact:

Jeffrey Germanotta
Director, Finance in New York Program; Adjunct Instructor
Marquette University
College of Business Administration, Department of Finance

Here are links to the Finance NY Program web site and other articles about the exciting new program.

Click on the slides to enlarge.

Donnie Smiley, previous AIM program graduate assistant, passed the CFA level III exam!

Donnie Smiley Passes Level III CFA Exam!

The Smiley's are Smiling - Congratulations Donnie!
Congratulations to Donnie Smiley - it has been a productive couple of months for him: he successfully defended his thesis and graduated from Marquette with a Masters of Science in Applied Economics; he started his investment analyst position with RW Baird; and he passed Level III of the CFA exam. 

Donny Smiley pitching Bank of the Internet (BOFI) in 2017

Tuesday, August 28, 2018

Current AIM International Equity Holdings as of 8/28/2018

View the Marquette AIM International Equity Fund Holdings as of 8/28/2018

AIM International Equity funds as of 8/28/2018 Ticker Domicile Industry
ABB Ltd ADR ABB Switzerland Diversified Industrials
Accenture PLC A ACN Ireland Information Technology Services
Aegon NV ADR AEG Netherlands Insurance - Diversified
Alibaba Group Holding Ltd ADR BABA Cayman Islands Specialty Retail
Aptiv PLC APTV Jersey Auto Parts
Assured Guaranty Ltd AGO Bermuda Insurance - Specialty
Aviva PLC ADR AVVIY United Kingdom Insurance - Diversified

BAESY United Kingdom Aerospace & Defense
BANDAI NAMCO Holdings Inc NCBDF Japan Leisure
Bank of N.T Butterfield & Son Ltd NTB Bermuda Banks - Global
Barclays PLC ADR BCS United Kingdom Banks - Global
Basf SE ADR BASFY Germany Chemicals
Brookfield Infrastructure Partners LP BIP Bermuda Utilities - Diversified
Brookfield Property Partners LP BPY Bermuda Real Estate Services

Carnival PLC ADR
CUK United Kingdom Leisure
China Mobile Ltd ADR CHL Hong Kong Telecom Services
City Office REIT Inc CIO United States REIT - Office

Danone SA ADR
DANOY France Packaged Foods

Enbridge Inc
ENB Canada Oil & Gas Midstream

FirstService Corp
FSV Canada Real Estate Services

Golar LNG Ltd
GLNG Bermuda Shipping & Ports
Grupo Aeroportuario del Pacifico SAB de CV ADR PAC Mexico Airports & Air Services

Heineken NV ADR
HEINY Netherlands Beverages - Brewers

berdrola SA ADR
IBDRY Spain Utilities - Diversified
Icon PLC ICLR Ireland Diagnostics & Research
IHS Markit Ltd A INFO Bermuda Business Services
iShares Global Financials ETF IXG United States  
iShares Global Healthcare ETF IXJ United States  
iShares MSCI ACWI ex US ETF ACWX United States  

Jazz Pharmaceuticals PLC
JAZZ Ireland Biotechnology

KNYJY Finland Diversified Industrials

Lazard Ltd Shs A
LAZ Bermuda Capital Markets
L'Oreal SA ADR LRLCY France Household & Personal Products
Lululemon Athletica Inc LULU United States Apparel Stores

Marine Harvest ASA ADR
MHGVY Norway Farm Products
Medtronic PLC MDT Ireland Medical Devices
MercadoLibre Inc MELI United States Specialty Retail
Michael Kors Holdings Ltd KORS British Virgin Islands Apparel Manufacturing
New Oriental Education & Technology Group Inc ADR EDU Cayman Islands Education & Training Services
NICE Ltd ADR NICE Israel Software - Application
Nidec Corp ADR NJDCY Japan Diversified Industrials
Nippon Telegraph & Telephone Corp ADR NTTYY Japan Telecom Services
ORIX Corp ADR IX Japan Credit Services
Pernod Ricard SA ADR PDRDY France Beverages - Wineries & Distilleries
Rio Tinto PLC ADR RIO United Kingdom Industrial Metals & Minerals

Schneider Electric SE ADR
SBGSY France Diversified Industrials
Seven & i Holdings Co Ltd SVNDF Japan Grocery Stores
SolarEdge Technologies Inc SEDG United States Solar
Suncor Energy Inc SU Canada Oil & Gas Integrated
Syneron Medical Ltd ELOS Israel Medical Devices

Taiwan Semiconductor Manufacturing Co Ltd ADR
TSM Taiwan Semiconductors
Talend SA ADR TLND France Software - Infrastructure
Tencent Holdings Ltd ADR TCEHY Cayman Islands Internet Content & Information
The Toronto-Dominion Bank TD Canada Banks - Global
Tokyo Electron Ltd ADR TOELY Japan Semiconductor Equipment & Materials
Total SA ADR TOT France Oil & Gas Integrated
Triton International Ltd Ordinary Shares TRTN Bermuda Rental & Leasing Services

Vedanta Ltd ADR
VEDL India Industrial Metals & Minerals
Venator Materials PLC VNTR United Kingdom Chemicals
Vestas Wind Systems A/S ADR VWDRY Denmark Diversified Industrials
Vodafone Group PLC ADR VOD United Kingdom Telecom Services

WNS (Holdings) Ltd ADR
WNS Jersey Business Services

Welcome to the new academic year at Marquette University

Marquette University : Be The Difference

Welcome to Marquette University’s 138th academic year – and the 14th year of the Applied Investment Management (AIM) program. Thank you for supporting our mission which is to search for truth, discover and share knowledge, foster personal and professional excellence, promote a life of faith, and develop leadership expressed in service to others.

This week Marquette has welcomed the largest first-year class in our history. We have opened Wild Commons – the newest student housing facility. We also begin our new Marquette Core Curriculum with the incoming Class of 2022. We also looking forward to the recently opened Fiserv Forum—which serves as the new home of the Milwaukee Bucks and Marquette Men’s Basketball.

Image result for google image aim program marquette
We have many events already planned for the fall semester, including our annual New York FMA trip. Again, we wish to thank all of our alumni, parents and others who are dedicated to the success of our students and the Marquette community. 

We continue to strive to make the AIM program and Marquette a great university. Ring out ahoya!

Best Regards,

Director, Applied Investment Management (AIM) Program
Marquette University

Monday, August 27, 2018

Performance of Marquette's AIM International Equity Fund

How is the AIM International Equity Fund Doing? Just Fine.
Image result for marquette aim program 
Previously we reported on the recent performance of Marquette's student-managed Small Cap Equity Fund. This article focuses on the other equity fund - the Marquette International Equity Fund.

Managing a non-US portfolio of equity securities is challenging for any asset manager. Imagine being 21 years old and expected to manage a $600,000 portfolio? Well, that’s what students in Marquette’s Applied Investment Management (AIM) program have been doing since September 2008.

Image result for marquette aim programWhat is significant about September 2008? It was literally the point where the bottom fell out of the US and international financial markets. The stock market crash of 2008 occurred on September 29, 2008, when the Dow Jones Industrial Average fell 778 points in intra-day trading – which was the largest point drop in history. (It plummeted because Congress rejected the bank bailout bill, but the stresses that led to the crash had been building for a long time).  

Image result for marquette aim program
Overall, the experience of managing an international stock portfolio has been a meaningful experience for Marquette's AIM students – and the returns have rebounded and continue on pace to beat various benchmarks (see the table below). In an upcoming blog we will provide readers with the current holdings in the portfolio.

Stay connect with Marquette's Applied Investment Management (AIM) Program

Follow the Marquette AIM Program on various Social Media platforms:

All about the AIM Program with Melissa - My Marquette

Melissa and her friend Katherine provide an inside look at Marquette's Applied Investment Management Program

View the YouTube video uploaded in 2017

Sunday, August 26, 2018

What's Inside Marquette's AIM Small Cap Equity Fund? At Look at the Current Holdings (Including Six Stocks That Have More Than Doubled in 2018)

Holdings and YTD Performance of the AIM Small Cap Fund as of 8/26/2018

As presented previously, the Small Cap Fund managed by the students in Marquette's Applied Investment Management (AIM) program have generated outstanding performance recently.

Since the beginning of the year, the AIM Fund is up 20.6% compared to the Russell 2000 Index which is up 13.2%. - over 7.4% above the benchmark.

Six stock holdings have more than doubled since the beginning of 2018 (including ShotSpotter and Natera which have increased more than 200% since January 1st). 8 of the top 10 performers in 2018 are in either the Technology or Healthcare industries.

The table below lists the individual holdings of the AIM Small Cap Fund - to enlarge the table and view the YTD returns, click on the table.

Marquette's AIM Small Cap Fund Continues Impressive Performance Run

As of 8/24/2018 the AIM Small Cap Fund is Besting the Benchmark Across All Measurement Periods

The students in Marquette's Applied Investment Management (AIM) program will be returning from their summer internships on Monday, 8/27 and will be pleased by the outstanding performance of the AIM Small Cap Fund.

Since June 30th, the AIM Fund is up 8.69% compared to the Russell 2000 Index which is up 5.18%. Over the past 12 months the AIM Fund is up over 37% - nearly 10% above the benchmark. 

Dr. David Krause, AIM program director, said that "the performance of the AIM Small Cap Equity Fund has been nothing short of amazing....based on Morningstar rankings of other actively managed small cap blend funds, the AIM Fund is in the top 2% over the past 1- and 2-year periods." 

Dr. Krause added, "This is not just the performance of one AIM class, but the cumulative performance of many of the past groups of AIM students. Our 5- and 10-year returns are above the Russell 2000 benchmark - and not many active managers can make that claim."

The AIM students will be studying portfolio performance metrics early in the fall semester. They will have an opportunity to dissect the return performance to understand the areas of strength and weakness. Note: the performance of the individual holdings of the AIM Small Cap Fund are posted in a separate table in another blog entry.

The AIM Program, FMA Club, and Finance in NY Program will be attending O-Fest on Wednesday, 8/29

Marquette Finance Majors Should Plan on Attending O-Fest on Wednesday, August 29th

Image result for marquette student picturesOn Wednesday, August 29th, the AIM Program, FMA Club, and Finance in NY Program will be manning tables at the annual Organization Fest (O-Fest) held on Marquette University's Central Mall.

Below you can read more about the Financial Management Association Club - the the Investment Club.

Organization Fest and Community Service Fair

Students on the Marquette University campus
Wednesday August 29, 2018 | 4–7 p.m. | Central Mall
O-Fest offers students the opportunity to explore Marquette’s student organizations by talking to organization representatives and signing up for organizations of interest. In addition, there will be a number of university offices and departments present to share information about various programs and services available to students at the university. 

Image result for marquette student pictures aim

Financial Management Association (FMA)

The Financial Management Associaton (FMA) brings in speakers and professionals to discuss the topics of the day and to showcase ethically oriented decision-makers in the overall finance industry. The FMA also assists the Department of Finance’s The Ins and Outs of Wall Street, a full day seminar that helps students prepare for the Wall Street type interviews in the highly competitive world of finance.

Image result for marquette student pictures aimMarquette Investment Club

Marquette University Student Investment Club seeks to further its members' knowledge of investment methods and strategies specializing in ETF (Exchange Traded Fund).  The board and members engage in intellectual discussion, presentations, guest speakers, and applied portfolio management.  Investment Club manages a portfolio with an estimated net worth of $25,000.00 made up of about 20 ETF positions targeting different sectors of markets.