How to Apply

how to apply


Application Process

The SMF is a 12 unit (one year duration) offering available at the undergraduate (FINM3009 + FINM3010) and postgraduate (FINM6009 + FINM6010) levels. Students in this course are responsible for the management of a fund comprising over $0.8 million, under the guidance of course convenors. This amount reflects donations made to the University, with the intent that the funds be managed by students, and be used to support the philanthropic activities within CBE. The course therefore provides a unique opportunity for deep activity based learning. The primary task of students is to make investment recommendations to be reviewed and endorsed by an Investment Committee that includes top industry practitioners from around Australia and ANU staff. Students are also responsible for the day-to-day functions typical of a managed fund.

Entry to the course is competitive, with only a small number of places available. Students must be able to enrol in the fund for two consecutive semesters, and apply to be part of the fund via a written application followed by an interview with the Convenors. There are four sub-teams within the fund, each with differing pre-requisites. The teams are as follows:

  • Active Australian Equities team (pre-requisite: FINM2003 Investments or FINM7008 Applied Investments; pre- or co-requisite* FINM3005 Corporate Valuation or FINM6005 Applied Valuation): undertakes research and makes investment proposals regarding Australian shares
  • Asset Allocation team (pre-requisite: FINM2003 Investments or FINM7008 Applied Investments; the completion FINM3008 Portfolio Construction or FINM6016 Applied Portfolio Construction is highly regarded to be selected for AA team): undertakes research and makes investment proposals regarding the Fund’s broad asset mix, which are implemented using ETFs
  • Relationship team (pre-requisite: FINM1001 Foundations of Finance or FINM7006 Applied Foundations of Finance): manages the communication of SMF activities to external parties, including via reports, social media platforms and fostering engagement especially with other ANU students and staff
  • Risk and Compliance team (pre-requisite: FINM2003 Investments or FINM7008 Applied Investments): roles include portfolio analysis and reporting (including performance evaluation), risk management and compliance monitoring

* Please note that Applications to join particular teams on the basis of co-requisites will generally only be successful if the selection committee is convinced that the student has the required prior training or skill levels, perhaps because of prior experience.

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, 2024 entry into the Fund closes at 5pm Tuesday 30 April (Week 9). Please send an email to Hua Deng (course convenor) for any enquiries.

Student Managed Fund Admission Procedure - Semester 2 2024 Intake

Note: As detailed in the link above, students are asked to submit an investment recommendation as part of their application. This provides applicants an opportunity to showcase their potential to research and communicate a recommended course of action in an investing context. Guidelines are left deliberately broad. For example, the recommendation could be stock specific, related to asset allocation or for a particular asset class, and does not have to be specifically targeted towards the Student Managed Fund. If granted an interview, students will be asked questions regarding the recommendation. The team(s) a student is applying for in conjunction with the Finance courses they have competed will be taken into consideration. For example, a student applying for the Relationship Team who has only undertaken Foundations of Finance will not be expected to show the same level of complexity and understanding as a student applying for the Asset Allocation and/or Active Australian Equities teams who has completed Corporate Valuation and Portfolio Construction.

Application Workshop Semester 2 2022