... returns. Universities created student-managed investment funds (SMIFs) to train students in portfolio management as fiduciaries. However, analyses of the effectiveness of the SMIF as a medium for expert knowledge transfer have not been done. Design/methodology/approach The authors’ analyze an SMIF's...

..., mitigating potential problems from knowledge transfer between management teams that are largely unexamined in the context of SMIFs. Choices in the ETF world are vast. Investors can select from sectors, market capitalizations, factors, domiciles and asset classes. This greatly enhances the ability of SMIFs...