Welcome to the home page of Applied Portfolio Management at the Washburn University School of Business in Topeka, Kansas. Students in BU 484 (undergraduate) and BU 998 (graduate) have been managing an equity portfolio on behalf of the Washburn University Foundation since July 2007. Use the navigation buttons at the top of the page to read the students’ stock research reports and macroeconomic newsletter and view the profiles of the program’s Alumni and Executive Board members. Washburn’s Applied Portfolio Management Program offers students the opportunity to conduct financial analysis using professional databases such as Standard & Poor’s Capital IQ and EVA Dimensions:
The Washburn APM class of 2013. From left to right, Brea Short, Ashley Brecheisen, Stevi Schultz, Professor Weigand, David-John Tiemens, Adrian De La Cruz, Zachary Riggins, Pascal Laucht and Zhan Zhang.
The Student Investment Fund tracked the market closely over the 12 month period Mar 2012-Mar 2013.
Being significantly underweight in the best-performing market sector (financials) was offset by overweights in health care and telecomm. Bristol-Myers, Johnson & Johnson, Medtronic and Verizon earned strong returns.
The following table is sorted by individual stock return. Accenture, Bristol-Myers, Johnson & Johnson, Medtronic, Pepsico and Verizon each earned trailing 12-month returns of 25%. Blackstone was our best performer, earning 31%. Microsoft, Intel, Barrick and Cenovus were in negative territory for the year, following the trend for technology, materials and natural gas stocks to lose ground from Q4 2012-Q1 2013. Accenture’s strong performance helped offset some of the losses in our other technology positions (Microsoft and Intel). The fund was up 11.6% over the past 12 months, vs. 14.5% for the S&P 500 and 6.5% for the NASDAQ. The fund’s beta is 0.84.
The table below shows the SIF’s current positions and the weight of each position in the SIF portfolio. The fund’s market value was $109,072 as of April 4, 2013.
-- Datasource: Standard & Poor’s Capital IQ