Student Managed Fund

Application Process

The Student Managed Fund (SMF) is a unique opportunity for deep activity based learning where students are responsible for the management of a fund comprising around $0.9 million as at 31 December 2025, under the guidance of Convenors. The SMF is run as a 12 unit course of one year duration, and is available at both undergraduate (FINM3009 + FINM3010) and postgraduate (FINM6009 + FINM6010) levels. The funds arise from donations made to the University, and support a scholarship for disadvantaged students. The SMF operates as a managed fund with four sub-teams performing various functions. The primary task of students is to make investment recommendations to be reviewed and endorsed by an Investment Advisory Committee that includes top industry practitioners.

Entry to the course is competitive, with only a small number of places available. Students must be able to enrol for two consecutive semesters, and apply via a written application including an investment recommendation, followed by an interview with the Convenors. The four sub-teams and pre-requisites are:

Active Australian Equities team

• Undertakes research and makes investment proposals regarding Australian shares
• Pre-requisite: FINM3011 Investments or FINM7008 Applied Investments
• Pre- or co-requisite: FINM3005 Corporate Valuation or FINM6005 Applied Valuation

Asset Allocation team

• Undertakes research and makes investment proposals regarding the Fund’s broad asset mix, which are implemented using ETFs
• Pre-requisite: FINM3011 Investments or FINM7008 Applied Investments
• The completion of FINM3008 Portfolio Construction or FINM6016 Applied Portfolio Construction is highly regarded to be admitted into the AA team.

Relationship team

• Manages communication of SMF activities to external parties via reports and social media platforms, and fosters engagement especially with other ANU students and staff
• Pre-requisite: FINM1001 Foundations of Finance or FINM7006 Applied Foundations of Finance

Risk and Compliance team

• Roles cover portfolio analysis and reporting, risk management, socially responsible investing and compliance monitoring
• Pre-requisite: FINM3011 Investments or FINM7008 Applied Investments

For more information on the eligibility criteria, pre-requisites and admission process, please see the most recent SMF Admission Procedure (link below). Applications for Semester 2, 2026 close in Week 9, Tuesday 5 May at 5pm. Please send an email to Hua Deng (course convenor) hua.deng@anu.edu.au for any enquiries.

Student Managed Fund Admission Procedure Semester 2 2026 Intake

Links to further information about the SMF

• SMF website: https://www.rsfas.anu.edu.au/rsfas-education/student-managed-fund/
• SMF Facebook: https://www.facebook.com/smfANU/
• SMF LinkedIn: https://au.linkedin.com/company/anu-smf
• Undergraduate course page: http://programsandcourses.anu.edu.au/course/FINM3009  
• Postgraduate course page: http://programsandcourses.anu.edu.au/course/FINM6009