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Marshall Undergraduate Student Investment Fund (USIF)

Marshall Undergraduate Student Investment Fund (USIF). Info Session #2. November 5 th , 2012. USIF Class Structure. Limited to graduating seniors with strong interest in finance and investment 15 Student Fund Managers in the 2013 Class, hoping to expand

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Marshall Undergraduate Student Investment Fund (USIF)

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  1. Marshall Undergraduate Student Investment Fund (USIF) Info Session #2 November 5th, 2012
  2. USIF Class Structure Limited to graduating seniors with strong interest in finance and investment 15 Student Fund Managers in the 2013 Class, hoping to expand Class incorporates fund management, stock pitches, guest speakers, company visits, and investment strategy lectures Current/last year guest speakers from: Last year company visits included:
  3. Fund Overview Donated to CIS as gift for undergraduate students to get hands-on experience Large cap, domestic long-only equity fund with S&P 500 investable universe Benchmarked against S&P 500 index 2/3 active and 1/3 passive management Utilizes Fama-French Three Factor Model Each student is a specialist for two sectors Each student is assigned to two operational committees Trade Execution Marketing & Recruiting Portfolio Reporting & Accounting Special Projects
  4. Fund Statistics Assets Under Management (AUM) ~$650,000. Currently hold 32 companies and 2 ETFs Top 5 Holdings (as of 10/15/12): Top 5 Performers (as of 3/31/12): IBM (4.43%) Apple (4.62%) American Express (4.60%) Mattel (4.13%) J.P Morgan Chase (4.57%) Wal-Mart 23.87% Mattel 19.23% Anheuser-Busch 19.39% Comcast 19.23% Merck 18.03%
  5. Consumer Staples Data Source: Capital IQ
  6. Risk & Growth Drivers Drivers: Earnings & overall economy International expansion Brand strength Risk: Volatile commodity cost Foreign Exchange Rate Source: Fidelity.com Undergraduate Student Investment Fund
  7. Current Market Trends Real estate market rebound Investment banking fees have held up, despite lower M&A volume Trading volumes tracking down in 3Q 2012 Tensions have eased a little after Eurozone summit over the summer Recent earnings misses and LIBOR investigation cause concern Increasing Legislation (ex. Dodd-Frank, Basel 3 NPR, etc.)
  8. Buy Recommendations
  9. Information Technology Sector Outperformed S&P 500 Index by 29% over last 5 years Largest sector of S&P 500 Very cyclical Top Players:
  10. IT Sector Outlook
  11. Materials Sector Sector Features 3.2% of S&P 500 31 Companies Very Cyclical Mature Industries Dependent on Commodity Costs Highly regulated Very Competitive Sub- Sectors Chemicals - 69% Metals and Mining - 22% Paper and Packaging – 8% Construction Materials – 1% Key Players
  12. Materials Sector Outlook Very cyclical - affected by the economy and commodity prices Expected to increase with the economy - forecasted to grow at 5% nominally by 2014 Materials sector companies are expected to do well as construction demand increases and the housing market recovers. Housing completions in July 2012 were 5.4% above the July 2011 rate. Weighting: Overweight
  13. Q & A… Any questions or inquires please contact: usc2013usif@gmail.com Remember to Sign In for today’s session End of Info Session 
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