PT - JOURNAL ARTICLE AU - Robert C. Dolan AU - Jerry L. Stevens AU - Collin R. Zucker TI - The Next Generation ETF Student-Managed Investment Program AID - 10.3905/jot.2018.13.1.007 DP - 2017 Dec 31 TA - The Journal of Trading PG - 7--16 VI - 13 IP - 1 4099 - https://pm-research.com/content/13/1/7.short 4100 - https://pm-research.com/content/13/1/7.full AB - Exchange-traded funds (ETFs) are well suited for trading in student-managed investment funds (SMIFs). Unlike other forms of security selection, ETF trading provides efficient trading of portfolios by asset classes, subclasses, investment style, countries, regions, and sectors. The learning experience from trading ETFs based on global macroeconomic themes enhances the learning experience of economics students by requiring application of macroeconomics, industrial organization, international economics, and econometrics. This article presents the structure, tools, and results of an ETF trading program implemented by the economics and finance departments at the University of Richmond. Although this SMIF example uses ETF funds as a learning medium for undergraduates, the investment process with ETFs is also well suited to small individual investors.TOPICS: Exchange-traded funds and applications, portfolio construction