The Student Managed Investment Fund Consortium (SMIFC) is a collaborative initiative among educational institutions aimed at enhancing student learning through practical investment management experiences.

The Statistics

The statistics in the tables below were calculated using only the values that are known.

Number and Growth Rate of SMIFC

YearNumber of UniversitiesGrowth Rate

2013

18

 

2014

35

94%

2015

40

14%

2016

50

25%

2017

60

20%

2018

70

17%

2019

82

17%

2021

120

46%

2022

130

8%

2023

152

17%

2024

190

25%

Annual Growth Rate (26.47%)

Number of SMIFC member Universities

Number of SMIFC Partners

Annual Growth Rate of SMIFC Partners

Annual Growth Rate of SMIFC Partners

Lists of SMIFs

These colleges and universities are members of the Student-Managed Investment Fund Consortium.

Abilene Christian University
Adelphi University
Alcorn State University
Appalachian State University
Arkansas State University
Ashland University
Auburn University
Austin Peay State University
Baldwin Wallace University
Ball State University
Barry University
Bloomsburg University
Butler University
California State Polytechnic University Pomona
California State University, East Bay
California State University, Fresno
California State University, Fullerton
California State University, San Marcos
Cedarville University
Centenary College of Louisiana
Christian Brothers University
Christopher Newport University
Colby-Sawyer College
College of Wooster
Cuyahoga Community College
DePaul University
Dominican University
Dordt University
Drexel University
East Tennessee State University
Eastern Illinois University
Fairfield University Site #1 | Site #2
Florida Gulf Coast University
Freed-Hardeman University
George Mason University
George Washington University
Georgia Southern University
Grand Valley State University
Henderson State University
High Point University
Hofstra University
Illinois Wesleyan University Site #1 | Site #2
Indiana State University
Indiana University Northwest
Kennesaw State University
Le Moyne College
Limestone University
Lipscomb University
Loras College
Marquette University
Michigan State University Site #1 | Site #2
Millikin University
Millsaps College
Mississippi University for Women
Montclair State University
Morgan State University
Nazareth College
Nebraska Wesleyan University
North Central College
Northern Illinois University
Northern Michigan University
Northwest Nazarene University
Northwestern State University of Louisiana
Oakland University Site #1 | Site #2
Oberlin College
Ohio Wesleyan University
Olivet Nazarene University
Pacific Lutheran University
Pacific University, Oregon
Penn State Behrend
Plymouth State University
Princeton University
Radford University
Saint Peter's University
Salve Regina University
Smith College
Southern Illinois University, Edwardsville
Southern Utah University
Southwestern University
State University of New York, Geneseo
Stonehill College
Taylor University
The Citadel
Truman State University
Union University
University of Alabama in Huntsville
University of Alaska Fairbanks
University of Arkansas - Fort Smith
University of Arkansas at Little Rock
University of Baltimore
University of California, Merced
University of Central Missouri
University of Connecticut
University of Dayton
University of Delaware Site #1 | Site #2
University of Detroit Mercy
University of Florida
University of Georgia
University of Indianapolis
University of Lincoln Site #1 | Site #2
University of Lynchburg
University of Massachusetts Lowell
University of Michigan - Ann Arbor Site #1 | Site #2 | Site #3
University of Michigan - Dearborn
University of Michigan - Flint
University of Missouri - St. Louis
University of Mount Union
University of Nebraska at Kearney
University of Nebraska - Lincoln
University of North Carolina - Greensboro
University of Northern Colorado
University of St. Thomas, Minnesota Site#1 | Site #2 | Site #3
University of Tennessee - Knoxville
University of Tennessee at Chattanooga
University of Tennessee at Martin
University of Texas at Arlington
University of West Alabama
University of Wisconsin - Eau Claire
University of Wisconsin-La Crosse
University of Wisconsin - River Falls
Ursinus College
Walsh College
Western Carolina University
Western Kentucky University
Western Michigan University
Whitworth University
Widener University
Winona State University
Wittenberg University
Wofford College
Xavier University

Alabama A&M University
Alaska Pacific University
Albion College
Alfred University
American University
Amherst College
Anderson University (Indiana)
Anderson University (South Carolina)
Arizona State University
Arkansas Tech University
Auburn University at Montgomery
Augustana College
Austin College
Babson College
Bard College
Baruch College, City University of New York
Bates College
Baylor University
Bellarmine University
Belmont University
Benedictine University
Bentley University Site #1 | Site #2
Berea College
Berry College
Bethany College
Bethel University
Binghamton University, State University of New York
Black Hills State University
Boise State University
Bluffton University
Boston College
Boston University
Bowling Green State University
Brandeis University
Bridgewater State University
Brigham Young University
Brooklyn College
Brown University
Bryant University
Bryn Mawr College Site #1 | Site #2
Bucknell University
California Baptist University
California Institute of Technology
California Lutheran University
California Polytechnic State University, San Luis Obispo
California State University, Chico
California State University, Long Beach
California State University, Los Angeles
California State University, Northridge
California State University, Sacramento Site #1 | Site #2
California State University, San Bernardino
Calvin College
Cameron University Site #1 | Site #2
Campbell Univresity
Canisius College
Carnegie Mellon University Site #1 | Site #2
Carroll College
Case Western Reserve University
Catawba College
Cedar Crest College
Central Michigan University Site #1 | Site #2
Central Washington University
Center College
Champlain College
Chapman University
Christian Bothers College
Claremont Graduate University
Claremont McKenna College
Clark University
Clarkson University
Clemson University
Cleveland State University
Coastal Carolina University
Coe College
Colby College
Colgate University
College of Charleston Site #1 | Site #2
College of New Jersey
College of the Holy Cross
College of the Ozarks
College of William & Mary
Colorado College Site #1 | Site #2
Colorado State University, Fort Collins
Columbia University
Concordia College
Connecticut College
Cornell University Site #1 | Site #2 | Site #3 | Site #4 | Site #5
Creighton University
Culver-Stockton College
Dartmouth College Site #1 | Site #2
Davidson College
Denison University
DePauw University
DeSales University
Dixie State University Site #1 | Site #2
Drake University
Drew University
Duke University
Duquesne University
East Carolina University
Eastern Mennonite University
Eastern Michigan University
Eastern Washington University
Elizabeth City State University
Elizabethtown College
Elon University
Emory University
Endicott College
Evangel University
Fairleigh Dickinson University
Fayetteville State University
Florida Atlantic University
Florida International University Site #1 | Site #2
Florida State University
Fordham University Site #1 | Site #2
Fort Hays State University
Franklin & Marshall College
Furman University Site #1 | Site #2
Gannon University
Gardner-Webb University
Georgetown University Site #1 | Site #2
Georgia Institute of Technology Site #1 | Site #2
Georgia State University
Golden Gate University
Gonzaga University
Grace College & Seminary
Grinnell College
Gustavus Adolphus College
Hampden-Sydney College
Harding University
Harvard University Site #1 | Site #2
Hillsdale College
Hiram College
Hood College
Houghton College
Howard University
Humboldt State University
Husson University
Idaho State University
Illinois College
Illinois Institute of Technology
Illinois State University
Illinois University
Indiana University of Pennsylvania
Indiana University, Bloomington
Indiana University South Bend
Indiana University Southeast
Iona College
Iowa State University
Ithaca College
Jacksonville State University
Jacksonville University Site #1 | Site #2
James Madison University Site #1 | Site #2
Jefferson University
John Carroll University
Johns Hopkins University
Johnson and Wales University
Juniata College
Kansas State University
Kent State University
Kutztown University of Pennsylvania
La Salle University
La Sierra University
Lafayette College
Lake Superior State University
Lamar University
Lehigh University
Lewis & Clark College
Lewis University
Liberty University
Lindenwood University
Long Island University Post
Longwood University Site #1 | Site #2
Louisiana State University
Louisiana Tech University
Loyola Marymount University
Loyola University Chicago
Loyola University Maryland
Loyola University New Orleans
Maharishi University of Management
Malone University
Manhattan College
Marian University
Marist College
Marywood University
Massachusetts Institute of Technology Site #1 | Site #2
Masters University
McMurry University
McNeese State University
Menlo College
Mercer University
Mercy College
Meredith College
Merrimack College Site #1 | Site #2
Messiah College
Miami Dade College
Miami University
Michigan Technological University
Middle Tennessee State University
Middlebury College
Midwestern State University
Millersville University
Minnesota State University Mankato
Minnesota State University Moorhead
Minot State University
Mississippi College
Mississippi State University
Missouri Southern State University
MolloyCollege
Monmouth University
Montana State University Billings
Montana State University Bozeman
Moravian University
Morehead State University
Morehouse College
Muhlenberg College
Murray State University
New Jersey City University
New Mexico State University
New York Institute of Technology
New York University Site #1 | Site #2
Niagara University
Nichols College
North Carolina A&T State University
North Carolina Central University
North Carolina State University Site #1 | Site #2
North Dakota State University Site #1 | Site #2
Northeastern University Site #1 | Site #2
Northern Arizona University
Northern Kentucky University
Northwestern University
Norwich University
Occidental College Site #1 | Site #2
Ohio Northern University
Ohio State University
Ohio University
Oklahoma Baptist University
Oklahoma Christian University
Oklahoma City University
Oklahoma State University
Old Dominion University
Oregon State University Site #1 | Site #2
Ouachita Baptist University
Pace University
Palm Beach Atlantic University
Penn State University Site #1 | Site #2
Penn State University - Harrisburg
Pennsylvania College of Technology
Pepperdine University
Piedmont Virginia Community College
Pitzer College
Pomona College
Portland State University
Prairie View A&M University
Providence College
Purdue University
Purdue University, Fort Wayne
Quinnipiac University
Ramapo College of New Jersey
Rensselaer Polytechnic Institute
Rhode Island College
Rice University
Roanoke College
Robert Morris University
Rochester Institute of Technology
Roger Williams University
Rollins College
Rowan University
Rutgers University
Sacred Heart University
Saginaw Valley State University
Salem State University
Salisbury University
Sam Houston State University
Samford University
San Diego State University
San Francisco State University
San José State University Stite #1 | Site #2
Santa Clara University
Sarah Lawrence College
Scripps College
Seattle Pacific University
Seattle University
Seton Hall University
Shenandoah University
Shippensburg University
Siena College Site #1 | Site #2 | Site #3
Simpson College
Slippery Rock University
South Dakota State University
Southeast Missouri State University
Southern Adventist University Site #1 | Site #2
Southern Arkansas University
Southern Connecticut State University
Southern Illinois University, Carbondale
Southern Methodist University
Southern New Hampshire University
Southern University and A&M College
Spring Arbor University
St. Anselm College
St. Bonaventure University
St. Cloud State University
St. John Fisher College
St. John's University
St. Joseph's University
St. Lawrence University
St. Louis University
St. Mary's College of California
St. Mary's University
St. Thomas University
St. Xavier University
Stanford University
State University of New York, Plattsburgh
Stephen F Austin State University
Stetson University
Stevens Institute of Technology
Suffolk University Site #1 | Site #2
Susquehanna University
Syracuse University Site #1 | Site #2 | Site #3
Temple University
Tennessee State University
Tennessee Tech University
Texas A&M University
Texas Christian University
Texas Lutheran University
Texas State University
Texas Tech University
Texas Wesleyan University
Thomas Jefferson University
Towson University
Trevecca Nazarene University
Trinity College
Trinity University Site #1 | Site #2
Tufts University
Tulane University
Union College
University of Akron
University at Albany, State University of New York
University at Buffalo, State University of New York
University of Alabama, Tuscaloosa
University of Alabama at Birmingham
University of Arizona
University of Arkansas, Fayettevile
University of California, Berkeley Site #1 | Site #2
University of California, Irvine
University of California, Los Angeles
University of California, Riverside
University of California, Santa Barbara
University of Central Florida
University of Chicago
University of Cincinnati
University of Colorado - Boulder
University of Colorado - Colorado Springs
University of Colorado - Denver
University of Dallas
University of Denver
University of Evansville
University of Hartford
University of Houston
University of Idaho
University of Illinois, Urbana-Champaign
University of Iowa Site #1 | Site #2
University of Kansas
University of Kentucky
University of La Verne
University of Louisville
University of Maine
University of Mary
University of Maryland
University of Maryland, Baltimore County
University of Massachusetts Amherst
University of Massachusetts Boston
University of Memphis
University of Miami
University of Minnesota
University of Minnesota Duluth
University of Mississippi
University of Missouri - Columbia
University of Missouri - Kansas City
University of Montana
University of Nebraska, Omaha
University of Nevada, Las Vegas
University of Nevada, Reno
University of New Hampshire
University of New Haven
University of New Mexico
University of New Orleans
University of North Alabama
University of North Carolina, Asheville
University of North Carolina, Chapel Hill
University of North Carolina, Charlotte
University of North Carolina, Pembroke
University of North Carolina, Wilmington
University of North Dakota
University of North Florida
University of North Texas
University of Northern Illinois
University of Northern Iowa
University of Notre Dame Site #1 | Site #2
University of Oklahoma
University of Oregon Site #1 | Site #2
University of Pennsylvania Site #1 | Site #2
University of Pittsburgh Site #1 | Site #2 | Site #3
University of Portland
University of Puget Sound Site #1 | Site #2
University of Redlands
University of Rhode Island
University of Richmond
University of Rochester Site #1 | Site #2
University of San Diego
University of San Francisco
University of Scranton Site #1 | Site #2
University of Sioux Falls
University of South Alabama
University of South Carolina Site #1 | Site #2
University of South Carolina Upstate
University of South Dakota
University of South Florida
University of Southern California
University of Southern Indiana
University of Southern Mississippi
University of St. Francis
University of Tampa
University of Texas at Austin Site #1 | Site #2
University of Texas at Dallas
University of Texas at El Paso
University of Texas at San Antonio
University of the Incarnate Word
University of the Pacific
University of the South - Sewanee University
University of Toledo
University of Tulsa
University of Utah
University of Vermont Site #1 | Site #2
University of Virginia Site #1 | Site #2 | Site #3 | Site #4
University of Washington
University of Wisconsin Madison Site #1 | Site #2
University of Wisconsin Milwaukee
University of Wisconsin Platteville
University of Wisconsin Oshkosh
University of Wisconsin, Whitewater
University of Wyoming
Utah State University
Utica College
Valdosta State University
Valparaiso University
Vanderbilt University
Villanova University
Virginia Commonwealth University
Virginia Military Institute
Virginia Polytechnic Institute and State University Site #1 | Site #2 | Site #3
Wabash College
Walsh University
Wartburg College
Washburn University
Washington and Lee University
Washington College
Washington State University
Washington University in St. Louis
Wayne State University
Weber State University
Wesleyan University
West Chester University
West Liberty University
West Point Military Academy
West Texas A&M University
West Virginia University
Western Illinois University
Western New England University
Western Washington University
Westminster College
Wheaton College
Whitman College
Wichita State University
Willamette University
William Paterson University
Winston-Salem State University
Winthrop University
Wright State University
Yale University Site #1 | Site #2 | Site #3 | Site #4 | Site #5
Yeshiva University
York College of Pennsylvania
Youngstown State University

While looking for US colleges and universities that had SMIFs it was inevitable that some from the rest of the world would be found. In his 2008 survey, Edward Lawrence found 25 non-US SMIFs. A decade laterr, this survey found over 140.

 

Australia

Bond University
Flinders University
Griffith University
Queensland University of Technology
University of Queensland
University of Sydney
University of Western Australia

 

Belgium

Greenhill Capital
Université Catholique de Louvain
University of Liège

 

Botswana

Botswana Accountancy College

 

Canada

Bishop's University
Brock University
Carleton University
Concordia University
HEC Montréal
McGill University
McMaster University
Memorial University
Mount Royal University
Queen's University
Queen's University at Kingston
Ryerson University
Simon Fraser University Site #1 | Site #2
St. Francis Xavier University
St. Mary's University
Trinity Western University
University of Alberta
University of British Columbia
University of Calgary Site #1 | Site #2
University of Guelph
University of Lethbridge
University of Manitoba
University of New Brunswick
University of Ontario Institute of Technology
University of Ottawa
University of Saskatchewan
University of Toronto Scarborough Site #1 | Site #2
University of Victoria
University of Waterloo
University of Windsor
Western University Site #1 | Site #2
Wilfrid Laurier University Site #1 | Site #2
York University

 

China

Tongji University

 

Croatia

University of Rijeka

 

Denmark

Copenhagen Business School
FinanceLab Denmark SMIFs

 

England

Cass Business School
City, University of London
Imperial College
Kings College London
London Business School
London School of Economics
Newcastle University
Queen Mary University of London Site #1 | Site #2
Sheffield Hallam University Site #1 | Site #2
University College London
University Investment League
University of Bath
University of Durham
University of East Anglia
University of Essex
University of Lancaster
University of Leeds
University of Lincoln Site #1 | Site #2
University of Nottingham Site #1 | Site #2
University of Sheffield Site #1 | Site #2 | Site #3
University of Warwick
University of York

France

EDHEC Business School
ESSCA School of Management
ESSEC Business School
HEC Paris
SciencesPo

 

Germany

Accadis Hochschule Bad Homburg
Bundesverband der Börsenvereine an deutschen Hochschulen e.V. (BVH) (Federal Association of Stock Exchange Associations at German Universities)
Frankfurt School of Finance & Management
Hochschule Pforzheim University
Munich Universities (TUM, LMU, FH) Site #1 | Site #2
Reutlingen University
University of Mannheim

 

Guam

University of Guam

Hong Kong

HKUST - Hong Kong University of Science and Technology

 

Hungary

Corvinus University
Károly Róbert University College

 

India

Ashoka University, Haryana
Birla Institute of Technology & Sciences (BITS Pilani)
Goa Institute of Management
ICFAI Business School (IBS)-Hyderabad
Indian Institute of Management Bangalore
Indian Institute of Management Calcutta
Indian Institute of Management Indore
Indian Institute of Management Kashipur
Indian Institute of Management Lucknow
Indian Institute of Management Visakhapatnam
International School of Business and Research (ISBR), Bangalore
Lal Bahadur Shastri Institute Of Management
Masters Union
Nirma University
Punjab College of Technical Education
T.A. Pai Management Institute
Xavier School of Management, Jamshedpur

 

Ireland

Dublin City University
Dublin Institute of Technology
National University of Ireland, Galway
Queen's University, Belfast
Technological University Dublin
Trinity College Dublin
University College Cork
University College Dublin

 

Israel

Hebrew University of Jerusalem
IDC Herzliya

 

Italy

Bocconi University Site #1 | Site #2

 

Korea

Korea Advanced Institute of Science and Technology (KAIST)

 

Lebonon

American University of Beirut

 

Netherlands

Dutch Student Managed Investment Fund
Erasmus University
Hague University of Applied Sciences (Haagse Hogeschool)
Maastricht University
Nyenrode Business University

New Zealand

Massey University
University of Auckland
Victoria University of Wellington

 

Nigeria

University of Lagos

 

Norway

Red Cross Nordic United World College

 

Philippines

University of the Philippines

Portugal

Catholic University of Portugal
ISCTE Business School

 

Saudi Arabia

Al-Imam Mohammad Ibn Saud Islamic University
King Saud University

 

Scotland

Edinburgh Universities
Heriot-Watt Univeristy
University of Aberdeen
University of Edinburgh Site #1 | Site #2
University of Glasgow
University of St. Andrews Site #1 | Site #2
University of Stirling

 

Singapore

National University of Singapore
Singapore Management University Site #1 | Site #2

 

Spain

Barcelona Investment Clubs - League of University Exchange Clubs - Liga de Bolsa
ESADE Ramon Llull University
Instituto de Empresa (IE) University Site #1 | Site #2
Pompeu Fabra University
Rey Juan Carlos University  (King Juan Carlos University)
Universidad Complutense
Universidad de Sevilla
University of Alicante
University of Deusto

 

Sweden

Jönköping University Site #1 | Site #2
Mälardalen University

 

Switzerland

University of Geneva
University of St. Gallen

A selected bibliography of works on Student Managed Investment Funds.

Managerial Finance, Volume 46, Issue 4, 2020 was the first of a two issue special issue about SMIFs. https://www.emerald.com/insight/publication/issn/0307-4358/vol/46/iss/4

Managerial Finance, Volume 46, Issue 5, 2020 was the second of a two issue special issue about SMIFs. http://www.emerald.com/insight/publication/issn/0307-4358/vol/46/iss/5

The Journal of Trading, Winter 2018; Volume 13, Issue 1 was a special issue about SMIFs. http://jot.iijournals.com/content/13/1 & http://journals.sfu.ca/iij/index.php/JOT/issue/view/152

DOI - Digital Object Identifier
NABP - North American Business Press
SSRN - Social Science Research Network

Abukari, Kobana., Oldford, Erin. and Willcott, Neal. (2021), Student-managed Investment Funds: A Review and Research Agenda. Managerial Finance, 47(11), pp. 1608-1635. DOI: https://doi.org/10.1108/MF-02-2021-0080

Adams, Scott A. & Belcher, Lawrence J. (2013). Integrated Student Managed Investment Program Fund Access, Management and Costs. Advances in Financial Education, 11, 52-61.

Adams, Scott A. & Belcher, Lawrence J. (2015). Reporting and Managing on the Cheap: Using Blackboard in a Student-Managed Investments Program. Journal of Higher Education Theory & Practice. 2015, 15(1), 75-85. Available from NABP

Alexander Jr, John C., Heck, Charles C. & McElreath, Robert B. (2001). A Guide to Building a University Trading Room. Financial Services Review, 10(1–4):209. Available from https://www.sciencedirect.com/science/article/pii/S1057081002000999 & https://www.researchgate.net/publication/4764434_A_guide_to_building_a_university_trading_room & https://data.bloomberglp.com/bat/sites/3/2016/06/WhitePaper_AlexanderHeckMcElreath.pdf

Ammermann, Peter A., & Gupta, Pia. (2017). The Learning Experience Continues: CSULB'S SMIF Program Enters its Third Decade. Western Decision Sciences Institute, Proceedings, 46th Annual Meeting, April 4 - 8, 2017. Available from http://wdsinet.org/Annual_Meetings/2017_Proceedings/CR%20PDF/cr195.pdf

Ammermann, Peter A., Gupta, Pia., & Yulong, Ma. (2019). The Learning Experience Continues: Two Decades and Counting for CSULB’s SMIF Program. International Journal of Managerial Finance. DOI: https://doi.org/10.1108/MF-10-2018-0481. Available from ResearchGate. Also part of the Managerial Finance, 2020, 46(4), special issue about SMIFs. ;https://www.emerald.com/insight/publication/issn/0307-4358/vol/46/iss/4.

Ammermann, Peter A. & Runyon, L. R. (2003). Risk Aversion and Group Dynamics in the Management of Student Managed Investment Fund, Journal of the Academy of Business and Economics 1(1). 58‐62.

Ammermann, Peter A., Runyon, L. R., & Conceicao, Reuben. (2011). A New Quantitative Approach for the Management of a Student-Managed Investment Fund. International Journal of Managerial Finance. 37(7), 624-635. DOI: https://doi.org/10.1108/03074351111140261. Available from https://www.emeraldinsight.com/doi/pdfplus/10.1108/03074351111140261

Arena, Matteo & Krause, David K. (2019). How to Develop Successful and Ethical Investment Analysts: Marquette University’s Applied Investment Management Program. International Journal of Managerial Finance. DOI: https://doi.org/10.1108/MF-08-2018-0404. Available from ResearchGate and SSRN

Ary, E. J. & R. L. Webster. (2000). A Survey of University Student Investment Funds. Midwest Review of Finance and Insurance, 14(1), 9-18.

Ascioglu, Asli & Maloney, Kevin John, (2019). From Stock Selection to Multi-asset Investment Management: The Evolution of a Student-managed Investment Fund, International Journal of Managerial Finance, DOI: https://doi.org/10.1108/MF-07-2018-0304

Ascioglu, Asli & Saatcioglu, Kemal, & Smith, Adam. (2018). Integration of ESG Metrics into a Student-Managed Fund: Creating Sustainable Student-Managed Funds. Journal of Trading Winter 2018, 13(1) 59-71; DOI: https://doi.org/10.3905/jot.2018.13.1.059 & http://jot.iijournals.com/content/13/1/59 & ResearchGate

Ashour, Samar & Rennie, Craig G. & Santamaria, Sergio (2019). Rebsamen Investment Fund Integration in Finance Education, International Journal of Managerial Finance, DOI: https://doi.org/10.1108/MF-01-2019-0053. Also part of the Managerial Finance, 2020, Volume 46, Issue 4, special issue about SMIFs. https://www.emerald.com/insight/publication/issn/0307-4358/vol/46/iss/4.

Barnes , Clarence H. ., & Buller, Paul F. (2021). Student-Managed Investment Funds: An Exploratory Study of a Model That Works. Journal of Accounting and Finance, 21(1). https://doi.org/10.33423/jaf.v21i1.4160. Available from https://articlegateway.com/index.php/JAF/article/view/4160/3955

Bear, F. Thomas. & Boyd, G. Michael. (1984). An Applied Course in Investment Analysis and Portfolio Management. Journal of Financial Education, 13(Fall), 68-71. Available from https://www.jstor.org/stable/41948066

Belcher, Lawrence J., & Belcher, Landon J. Does “Experience” Matter? Expertise and Voting Patterns in a Student-Managed Investments Program. Available from https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=SWFA2017&paper_id=136

Belt, B. (1975). A Securities Portfolio Managed by Graduate Students. Journal of Financial Education, 4(Fall), 77-81. Available from http://www.jstor.org/stable/41947870

Benton, Ariel I. & Huerta-Sanchez, Daniel & Pyles, Mark K. (2018). The Impact of Market Conditions on Voting Results in a Student-Managed Fund. Journal of Trading Winter 2018, 13(1) 72-79 DOI: https://doi.org/10.3905/jot.2018.13.1.072 & http://jot.iijournals.com/content/13/1/72 & ResearchGate

Bergquist, Brian D., Keig, Dawn L., Wilkinson, Timothy J. (2019). Student Investment Groups: Enhancing the Liberal Arts Experience. International Journal of Managerial Finance. DOI: https://doi.org/10.1108/MF-08-2018-0413. Also part of the Managerial Finance, 2020, Volume 46, Issue 4, special issue about SMIFs. https://www.emerald.com/insight/publication/issn/0307-4358/vol/46/iss/4.

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