Sept 14, 2022
Bridging the gap: The urgent need for experiential learning in sustainable finance and impact investing
This database emerged from a research project that aimed to identify gaps in experiential learning opportunities for Canadian students in the impact and sustainable finance field. Experiential learning is defined as a learning-by-doing approach where students are given the opportunity to observe, reflect and put in practice abstract concepts in new situations to solve problems and make decisions. We researched major Canadian universities for two types of experiential learning tools: student managed investment funds (SMIFs) and business case competitions.
SMIFs offer an excellent opportunity for students to put in practice their investment knowledge by managing real money under the supervision of academics and industry experts who act as members of an investment committee. Research shows that SMIFs are an effective experiential learning tool that allows students to apply finance, accounting, and economics principles, while supporting their current and future career success. Many business schools in Canada offer SMIFs to enhance student training in finance programs.
There is a lack of sustainable finance education in Canadian business schools
Our study reveals that in spite of a general need for talent in sustainable investing, there is a notable lack of sustainable finance education in both curriculum programs and experiential learning offered to students. SMIFs in Canadian business schools are falling short in helping students develop the necessary knowledge and skills to integrate environmental, social and governance (ESG) factors in investment decisions. The gap is more pronounced when it comes to impact investing.
Our findings
The following database showcases student-managed investment funds in major Canadian universities. Out of a total of 41 SMIFs analyzed, only 11 seem to have some level of ESG integration, representing about 27% of the total number of student managed funds offered by Canadian universities. SMIFs with ESG integration tend to be smaller in terms of assets under management (AUM) compared to their conventional counterparts, except for one outlier/outsized fund (from SFU). We hope that this database inspires students, educators and fund sponsors to shift the focus of their applied investment experiences to integrate ESG and impact principles in their portfolio management practices.
This is not an exhaustive list. We based our analysis on publicly available information about the SMIFs covered from their universities’ websites. Funds classified as having ESG integration vary in terms of the level and strength of their focus. We encourage you to contact us with data corrections, comments and new submissions. We thank Zainab Covadia, and Jenny Ge for help with the data collection.
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Student Managed Funds
| Fund Name | University | Province/Territory | Student Population | Area of Study | Fund Size (AUM) | ESG Integration | ESG Integration Count | Fund Count | Asset Class | Description | Website | Information | Contact | Size of Student Team | Source(s) of Capital | Scope of Assets | Info up to date | Info Requested |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Laurier Graduate Student Investment Fund (LGSIF) | Laurier University | Ontario | Graduate | All Faculties, Business, Economics | 32,852 | No | 0 | 1 | Public markets | The Laurier Graduate Student Investment Fund (LGSIF) is an investment fund at Wilfrid Laurier University. The daily operation of this fund is supervised by faculty members and governed by Laurier policies. LGSIF is a value-oriented investment fund focused on small cap stocks. Investment decisions are based on thorough fundamental analysis. | https://www.wlu.ca/programs/business-and-economics/graduate/finance-mfin/graduate-student-investment-fund.html | 2016 | Contact | 10-15 | Seed Capital, Donations | Global | Yes | |
| Guelph Student Investment Council (GSIC) | University of Guelph | Ontario | Undergraduate, Graduate | Business, Economics | 1,500,000 | No | 0 | 1 | Public markets | Through the Guelph Student Investment Council (GSIC), students run a concentrated portfolio of mid-cap North-American equities ($1B to $15B CAD). GSIC includes six key sectors in this fund and aims to uncover stocks that might have previously been undervalued in order to outperform the benchmark index. This is Canada's fastest-growing undergraduate value investment fund. | https://www.guelphsic.org/ | 2016 | Contact | 30+ | Seed Capital | North America | Yes | |
| Student Managed Investment Fund (SMIF) | University of Lethbridge | Alberta | Undergraduate | Business | 200,000 | No | 0 | 1 | Public markets | Through the Student Managed Investment Fund (SMIF), students gain invaluable knowledge on how individuals, professional managers and investment dealers analyze, price, invest, and manage risks in a volatile market. Using current financial information, tools and resources, SMIF provides valuable training to the next generation of financial experts. | https://www.uleth.ca/dhillon/student-experience/student-management-investment-fund | 2011 | Contact | 15-20 | Endowments | Global | Yes | |
| NBI-HEC Montréal Fund | Université de Montréal | Quebec | Undergraduate | Business | 1,900,000 | No | 0 | 1 | Public markets | The HEC Montreal Student Investment Fund (FPHEC) is an investment club with the objective of training future finance leaders of Montreal while serving as the school's premier finance association for undergraduates. The fund focuses on value investing in North American large market capitalization companies. | https://www.fphec.ca/ | 1994 | Contact | 25-30 | North America | Yes | ||
| York University Student Investment Fund (YUSIF) | York University | Ontario | Undergraduate | All faculties, Business | 371,000 | No | 0 | 1 | Public markets | The York University Student Investment Fund (YUSIF) is York University’s largest student investment club. The fund provides students the opportunity to gain portfolio management and investing experience by managing real capital. | https://yusif.ca/ | 2016 | Contact | 25-30 | Seed Capital, Donations, Endowments | North America | Yes | |
| Telfer Capital Fund | University of Ottawa | Ontario | Undergraduate | Business | 670,565 | Yes | 1 | 1 | Public markets | The Telfer Capital Fund is the practical component of the Capital Markets Program (CMP), organized and implemented by the Telfer Career Centre. This is a development program for high‑performing Telfer students looking to learn more about the world of high finance and capital markets. Students actively allocate fund money via their own investment decisions while simultaneously advancing their knowledge. TCF is a value-oriented bottom fund that solely invests in North American equities. | https://telfer.uottawa.ca/en/microprogram-capital-markets/the-program/telfer-capital-fund/ | 2015 | Contact | 25-30 | Seed Capital, Donations | North America | Yes | |
| Queen's University Alternative Assets Fund (QUAAF) | Queen's University | Ontario | Graduate | Business | 600,000 | Yes | 1 | 1 | Public markets, Private markets | Queen's University Alternative Assets Fund (QUAAF) is Canada’s first student-directed portfolio of alternative strategies, managing funds endowed by private investors, Queen’s alumni, and corporate sponsors. QUAAF is a fund-of-funds investment mandate, primarily holding portfolios managed by third party external managers but also holding small exposures in exchange-traded funds and direct securities. | https://www.smithquaaf.com/ | 2010 | Contact | 5-10 | Donations, Endowments | N/A | Yes | |
| IMPACT Investment Fund | St Mary's University | Nova Scotia | Undergraduate, Graduate | Business | 700,000 | No | 0 | 1 | Public markets | Through the IMPACT Investment Fund students manage a portfolio of securities (invested in Canadian TSX-listed firms) and apply business theory to real-world investment challenges, with the advice of practicing investment professionals. The student-run IMPACT Investment Fund lets you apply business theory to real-world investment challenges, with the advice of practicing investment professionals. The IMPACT Fund is a dynamic, hand-on program, open to qualifying third year undergraduate BCOM students and first-year MBA students. | https://www.smu.ca/sobey/impactfund/ | 2005 | Contact | 20-25 | N/A | Canada | Yes | |
| Laurier Student Investment Fund (LSIF) | Laurier University | Ontario | Undergraduate | Business | 2,400,000 | No | 0 | 1 | Public markets | The Laurier Student Investment Fund (LSIF) is managed by students and structured as a for-credit course. Student analysts accepted into the course learn about valuation and do research on potential new investments for the fund. The fund contains 10-20 small and micro cap North American holdings. Student analysts are supervised by faculty and mentored by Laurier alumni in the finance sector. | https://students.wlu.ca/programs/lazaridis-school/funds/lsif/index.html | 2001 | Contact | N/A | N/A | North America | Yes | |
| Applied Portfolio Management program (APMP) | University of Victoria | British Columbia | Undergraduate, Graduate | Business, Economics | 1,900,000 | Yes | 1 | 1 | Public markets | The Applied Portfolio Management Program (APMP) is a student-run investment program, centered on education and responsible investing. The program provides students with hands-on experience managing a $1.9-million portfolio of stocks and bonds, in close coordination with industry and academic experts. APMP is the premiere experiential learning experience at UVic for students interested in careers in financial services. | https://www.uvic.ca/gustavson/faculty/community/appliedportfoliomanagementprogram/index.php | 2016 | Contact | 15-20 | Donations, Allocations | North America | Yes | |
| PRIME | University of Alberta | Alberta | Undergraduate | Business | 2,800,000 | Yes | 1 | 1 | Public markets | The Program for Research and Investment Management Excellence (PRIME) manages a fund focusing on the Canadian equity market. PRIME's current clients are the Department of Finance, the Alberta School of Business, and the University of Alberta. Students manage a portfolio and are provided with training to acquire solid aptitudes focused on the real tasks of a financial analyst, such as macroeconomic analysis, selection of quality securities and financial modeling. | https://www.ualberta.ca/business/student-services/clubs/prime/about-the-fund.html | 1999 | Contact | 15-20 | Donations, Endowments | Canada | Yes | |
| Sustainable Investing Practicum | Concordia University | Quebec | Undergraduate | Business | 2,000,000 | Yes | 1 | 1 | Public markets | The goal of the Sustainable Investing Practicum (part of the course FINA455) is to invest in companies that have a long runway for growth while incorporating a philosophy of sustainability into their core operations. The portfolio prioritizes industry leaders that work towards the transition to a low-carbon economy and solving other challenges such as social inequality while outperforming their peers in environmental, social, and governance (ESG) factors, and demonstrating strong financial performance. | https://www.concordia.ca/jmsb/programs/undergraduate/sustainable-investing-practicum.html | 2020 | Contact | 10-15 | Allocations | Global | Yes | |
| UCeed Haskayne Student Fund | University of Calgary | Alberta | Undergraduate | Business | 1,100,000 | No | 0 | 1 | Private markets | Western Canada’s first university-based private equity fund managed by and for students. Supported through professional oversight and coaching from Innovate Calgary and Creative Destruction Lab – Rockies. This fund will serve as a critical bridge between business students and Calgary’s local startup/venture capitalist communities. | https://www.ucalgary.ca/uceed/funds/haskayne-student-fund | 2020 | Contact | 10-15 | Donations | Canada | Yes | |
| Student Investment Fund (SIF) | University of New Brunswick | New Brunswick | Undergraduate, Graduate | Business | 15,000,000 | No | 0 | 1 | Public markets | Through the Student Investment Fund (SIF), students engage with a professional portfolio manager and drive investment decisions based on their ongoing research and analysis of the markets. Students combine finance theory with hands-on investment experience. | https://www.unb.ca/fredericton/management/cfs/sif.html | 1998 | Contact | 15-20 | Allocations, Endowments | Global | Yes | |
| George S. Dembroski Student Managed Portfolio Trust (Dembroski SMPT) | University of Saskatchewan | Saskatchewan | Undergraduate, Graduate | Business | 4,315,313 | No | 0 | 1 | Public markets | The George S. Dembroski Student Managed Portfolio Trust (Dembroski SMPT) is the investment portfolio run by Edwards students at the University of Saskatchewan (USask). Through a $1-million donation, the fund was established in 2011 to provide students with investment experience in portfolio management. The classroom environment is comprised of third- and fourth-year Bachelor of Commerce students working alongside graduate students in the Master of Science in Finance program. | https://news.usask.ca/articles/colleges/2019/edwards-student-managed-fund-tops-2-million.php | 2011 | Contact | 10-15 | Donations | Global | Yes | |
| Portfolio Management Foundation | University of British Columbia | British Columbia | Undergraduate | Business | 10,000,000 | No | 0 | 1 | Public markets | The UBC Portfolio Management Foundation (PMF) provides a small group of select BCom students with world-class training focused on global capital markets. Students have access to the best investment professionals within and outside of Canada to help them prepare for careers in investment banking, research, sales and trading, and money management. | https://www.sauder.ubc.ca/thought-leadership/divisions/finance/pmf-program | 1987 | Contact | 10-15 | Endowments | North America | Yes | |
| Student Investment Advisory Service (SIAS) Fund | Simon Fraser University | British Columbia | Graduate | Business | 30,000,000 | Yes | 1 | 1 | Public markets | SIAS is Canada's largest student-run investment fund and one of the largest such funds in North America. It is managed by select students from the Master of Science in Finance program. The endowment potfolio is funded by HSBC Canada and Lohn Foundation. SIAS Fund is committed to applying Environmental, Social and Governance (ESG) criteria to endowment investments. | https://www.sfu.ca/beedie/programs/graduate/master-of-science-in-finance/sias.html | 2005 | Contact | 30+ | Endowments, Donations | Global | Yes | |
| Ivey Value Fund | Western University | Ontario | Graduate | Business | 798,000 | No | 0 | 1 | Public markets | The Ivey Value Fund is an integral part of the value investing experience offered through the Ben Graham Centre for Value Investing. The Fund is the vehicle through which students of value investing at the Ivey Business School acquire practical investing experience during and after their studies at Ivey. | https://www.ivey.uwo.ca/bengrahaminvesting/ivey-value-fund/about-the-ivey-value-fund/ | 2013 | Contact | 15-20 | N/A | North America | Yes | |
| TriColour Venture Fund (TCVF) | Queen's University | Ontario | Undergraduate, Graduate | Business | 3,000,000 | No | 0 | 1 | Private markets | TriColour Venture Fund (TCVF) at the Smith School of Business is Canada's first student-advised venture capital fund. This fund allows full-time MBA and Commerce students to gain the ultimate experiential learning opportunity through managing a multi-million dollar fund. Students meet directly with potential portfolio companies, assess the opportunities, and conduct in-depth due diligence and make recommendations. | https://smith.queensu.ca/centres/ceisi/events/tricolour/index.php | 2006 | Contact | 10-15 | Donations, Government Funding | Canada | Yes | |
| The Student Venture Fund | University of Waterloo | Ontario | Undergraduate, Graduate | Business | 1,000,000 | No | 0 | 1 | Private markets | The primary goal of the Student Venture Fund (SVF) is to provide students with hands-on training in venture capital investing with guidance from industry experts and supervision by finance faculty. The SVF allows students to evaluate founding management, complete market research, value companies, conduct thorough due diligence, recommend and make investment recommendations, work with other angel and institutional investors, and manage a portfolio of investments in early stage companies. | https://uwaterloo.ca/school-of-accounting-and-finance/student-venture-fund-0 | 2017 | Contact | 25-30 | Donations | North America | Yes | |
| The Student Investment Fund | University of Waterloo | Ontario | Undergraduate, Graduate | Business | 600,000 | No | 0 | 1 | Public markets | The University of Waterloo established the Student Investment Fund (SIF) to provide students with an educational experience in an institutional setting. SIF provides students hands-on-training in equity valuation and portfolio management with guidance from industry experts and supervision by finance faculty. This fund is focused on North American mid-to-large capitalization stocks. | https://uwaterloo.ca/school-of-accounting-and-finance/student-investment-fund | 2012 | Contact | 25-30 | Seed Capital | North America | Yes | |
| Sprott Student Investment Fund | Carleton | Ontario | Undergraduate | Business | 2,000,000 | Yes | 1 | 1 | Public markets | The Sprott Student Investment Fund (SSIF) is an actively managed equity portfolio run by a select group of students at the Sprott School of Business on behalf of the Carleton University Endowment Fund. Students are given the opportunity to learn investment strategies in a team environment. All members contribute to the analysis process, helping to assemble the ideal portfolio that will safely and wisely grow SSIF’s capital. | https://sprott.carleton.ca/ssif/ | 2007 | Contact | 25-30 | Endowments | Global | Yes | |
| The Fund | Memorial University | Newfoundland | Undergraduate, Graduate | Business | 400,000 | No | 0 | 1 | Public markets | The Fund is Memorial University’s first student-managed investment portfolio. The Fund provides a space for students to develop investment analysis skills. The Fund provides Memorial students with the opportunity to develop the tools necessary for a career in capital markets. Under the guidance and counsel of faculty and volunteer industry mentors, students work collaboratively to make real investment decisions with real money. The Fund provides an inclusive and supportive space for students to learn from industry experts and each other. Students develop investment analysis skills while also gaining important communication and interpersonal skills. | https://www.mun.ca/business/centres-and-engagement/the-fund/ | 2018 | Contact | 10-15 | Seed Capital | Global | Yes | |
| Student Managed Investment Fund | Toronto Metropolitan University | Ontario | Undergraduate, Graduate | Business | 930,000 | No | 0 | 1 | Public markets | Real-life learning in equity research, analysis, selection and management through hands-on experience with a real-money portfolio. Students manage funds in the Ted Rogers School of Management’s Student Managed Investment Fund (the Fund). The investment objective is to generate a reasonable long-term return on the Fund’s assets given suitable investment risks. The Fund will invest in a broadly diversified portfolio of mid-to-large capitalization stocks that provide capital gains or income. | https://www.torontomu.ca/accounting-finance/student-managed-investment-fund/ | 2020 | Contact | 30+ | Endowments | Global | Yes | |
| John Simpson Odette Student Investment Fund | University of Windsor | Ontario | Undergraduate, Graduate | Business | 270,000 | No | 0 | 1 | Public markets | The fund offers students the opportunity to manage a diversified investment portfolio of real capital in the financial markets. The John Simpson Odette Student Investment Fund (JSOSIF) is the first student-led investment fund housed within the Odette Exchange Financial Markets Lab at the Odette School of Business. Through the help of faculty advisors and external industry experts, students are mentored through a live process that allows them to gain real world experience. | https://www.jsosif.com/ | 2016 | Contact | 20-25 | Seed Capital | Global | Yes | |
| UR Investing Student Investment Fund | Regina | Saskatchewan | Undergraduate | Business | 2,500,000 | No | 0 | 1 | Public markets | Students manage a portfolio invested in Canadian and U.S. stocks, fixed incomes and real estate investment trusts. The program consists of an investment committee, student executives, portfolio managers and research associates. Students gain practical experience by performing industry and company research, pitching buy/sell recommendations, and taking part in industry events. | https://www.urinvesting.ca/ | 2007 | Contact | 15-20 | Endowments | North America | Yes | |
| Desautels Capital Management-Socially Responsible Equity Fund | McGill University | Quebec | Undergraduate, Graduate | Business | 5,400,000 | Yes | 1 | 1 | Public markets | Desautels Capital Management (DCM) is Canada’s first university-owned, student-run registered investment management firm. Established in 2009, DCM offers students in the Honours Investment Management program and the Masters of Management in Finance program meaningful and realistic experience in the industry. All students enrolled in these programs work for the company, managing four funds. One of these funds is the "Socially Responsible Equity Fund" with $5.4M AUM. | https://www.desautelscapital.ca/ | 2009 | Contact | 30+ | Endowments, Donations | Global | Yes | |
| Desautels Capital Management-Other Funds | McGill University | Quebec | Undergraduate, Graduate | Business | 7,600,000 | No | 0 | 1 | Public markets | Desautels Capital Management (DCM) is Canada’s first university-owned, student-run registered investment management firm. Established in 2009, DCM offers students in the Honours Investment Management program and the Masters of Management in Finance program meaningful and realistic experience in the industry. All students enrolled in these programs work for the company, managing four funds. The $7.6M AUM shown here represent the total of 4 funds: Fixed Income Fund ($1.6M). Global Equity Fund ($1.6M), Van Berkom Small Cap Fund ($1M) and Alpha Squared Fund ($3.4M). | https://www.desautelscapital.ca/ | 2009 | Contact | 30+ | Endowments, Donations | Global | Yes | |
| DSB-Fidelity Canada Balanced Students Investment Fund | McMaster University | Ontario | Undergraduate, Graduate | Business | 100,000 | No | 0 | 1 | Public markets | The DSB-Fidelity Canada Balanced Students Investment Fund allows students in the DeGroote Finance and Investment Council (DFIC) to gain broad experience in investing and managing real capital. Faculty and industry mentors guide students as they gain exposure to the markets and bridge the gap between theory and practice. The balanced fund will invest in Canadian and U.S. public equities, bonds and exchange-traded funds (ETFs), with an emphasis on investing over a three-to-five-year time horizon. New equity positions are initiated based on recommendations by DFIC’s investment teams. | https://www.degroote.mcmaster.ca/articles/launch-of-dsb-fidelity-canada-balanced-investment-fund/ | 2022 | Contact | N/A | Donations | North America | Yes | |
| Student Managed Fund | University of Toronto (Scarborough) | Ontario | Undergraduate | Business | 250,000 | No | 0 | 1 | Public markets | The Student Managed Fund (SMF) strives to engage Bachelor of Business Adminstration students in an experiential learning environment that bridges the gap between the academic theory of finance and industry practice, while enhancing recruitment opportunities. Students are able to gain experience managing an investment fund, participating in all stages of the investment process, from research and security election, to trading, reporting, and compliance. | https://www.utsc.utoronto.ca/mgmt/student-managed-fund | 2015 | Contact | 30+ | Endowments | Global | Yes | |
| Price Student-Managed Investment Fund | University of Manitoba | Manitoba | Undergraduate | Business | 3,500,000 | No | 0 | 1 | Public markets | The Price Student-Managed Investment Fund (PSMIF) aims to provide students with real investment experience and an opportunity to engage with the finance industry, enhancing their business education. During the year-long program, selected undergraduate students are placed into five sector teams and work under the mentorship of seasoned finance professionals. | https://www.pricesmif.com/ | 2022 | Contact | 20-25 | Donations | N/A | Yes | |
| Beedie Endowment Asset Management Fund | Simon Fraser University | British Columbia | Undergraduate | Business | 12,500,000 | Yes | 1 | 1 | Public markets | The Beedie Endowment Asset Management (BEAM) Fund is an experiential learning program for undergraduate students focused on Canadian equities, global equities, fixed income, and cash. Students involved the BEAM fund complete an intensive, practical training program that covers Bloomberg terminal certification, financial analysis, and equity research. Faculty and staff provide guidance to the students managing this $10.89-million portfolio. | https://www.sfu.ca/beedie/student-life/student-organizations/beam.html | 2011 | Contact | 25-30 | Endowments | Global | Yes | |
| Rotman Student Investment Fund | University of Toronto | Ontario | Graduate | Business | 0 | Yes | 1 | 1 | Public markets | The Rotman Student Investment Fund (RSIF) aims to expand buy-side career opportunities for business students by equipping them with essential technical skills and hands-on experience in managing capital. The RSIF strives for long-term, sustainable growth and incorporates Environmental, Social, and Governance (ESG) factors into their investment process. | https://www.rotmanassetmanagement.com/rsif2023 | 2012 | Contact | 20-25 | N/A | North America | Yes | AUM, yes |
| Van Berkom Investment Management Program | Concordia University | Quebec | Undergraduate, Graduate | Business | 3,500,000 | No | 0 | 1 | Public markets | The Van Berkom Investment Management Program (VBIMP) gives students the opportunity to manage real investments. In this two year program, selected graduate and undergraduate students spend one year as a research associate and then one year as a fund manager. The VBIMP aims to achieve above-average returns with a portfolio focused on small-cap North American equities. | https://www.concordia.ca/jmsb/programs/graduate/van-berkom-investment-management.html | 2015 | Contact | 15-20 | Donations, Endowments | North America | Yes | |
| Thompson Rivers University Student Investment Fund | Thompson Rivers University | British Columbia | Undergraduate | Business | 220,000 | No | 0 | 1 | Public markets | The Thompson Rivers University Student Investment Fund (TRUSIF) is a student-managed fund investing in equities and ETFs. TRUSIF’s mission is to generate excess returns that fund student scholarships while providing hands-on experience for those pursuing careers in capital markets and wealth management. TRUSIF works to support and challenge students to reach their full potential and make a difference in the community. | https://www.tru.ca/gaglardi/students/trusif.html | 2019 | Contact | 15-20 | Donations | North America | Yes | |
| Fairlead Social Impact Fund | Memorial University | Newfoundland | Undergraduate | All faculties | 75,000 | Yes | 1 | 1 | Private markets | The Fairlead Social Impact Fund is the first student-managed social impact fund based at a Canadian university and the first social impact fund in Newfoundland and Labrador. This fund gives students the opportunity to make real investment decisions that drive positive social, cultural, and environmental change. The Fairlead Social Impact Fund offers micro-loans of up to $7,500 and general loans of up to $75,000, with flexible terms tailored to meet each organization’s needs. | https://www.mun.ca/social-enterprise/community-engagement/fairlead/ | 2025 | Contact | 5-10 | Donations | Canada | Yes | |
| Mount Royal Student Investment Fund | Mount Royal University | Alberta | Undergraduate | Business | 442,202 | No | 0 | 1 | Public markets | Mount Royal Student Investment Fund is an immersive program that gives students real-world investment experience through managing a portion of Mount Royal University’s endowment through careful analysis and investment in conservative assets. Selected students conduct thorough research across various industries, evaluating companies with a strong emphasis on ethics and adherence to best practices. | https://www.mtroyal.ca/ProgramsCourses/FacultiesSchoolsCentres/Business/StudentInvestmentFund/index.htm | 2019 | Contact | 15-20 | Donations, Endowments | Canada | Yes | |
| ICON Student Managed Investment Fund | Northern Alberta Institute of Technology | Alberta | Undergraduate | Business | 50,000 | No | 0 | 1 | Public markets | The ICON Student Managed Investment Fund immerses students in the world of finance across multiple industry sectors, starting in analyst roles and progressing to portfolio management. Selected students have the opportunity to actively manage a stock portfolio and reinvest the earnings, with the goal of building the largest student-managed investment fund by total assets among Canada’s polytechnic institutions. | https://www.nait.ca/nait/schools-programs/jr-shaw-school-of-business/experiential-learning/icon-student-managed-investment-fund | 2016 | Contact | 20-25 | Donations | Canada | Yes | |
| Venture Grade Student Investment Fund | St Mary's University | Nova Scotia | Undergraduate, Graduate | All faculties | 200,000 | No | 0 | 1 | Private markets | The Venture Grade Student Investment Fund offers university and college students hands-on, experiential learning in the private equity space. This fund is the only venture investment fund in North America where students both raise and run the fund. Selected students evaluate risk, make investment decisions, and engage with high-growth companies, gaining insight into what it takes for businesses to succeed | https://www.smu.ca/sobey/venturegrade/ | 2016 | Contact | 10-15 | Investments | Canada | Yes | |
| Trinity Western University Student Managed Investment Fund | Trinity Western University | British Columbia | Undergraduate | All faculties | 341,000 | No | 0 | 1 | Public markets | The Trinity Western University Student Managed Investment Fund (TWU SMIF) aims to provide an opportunity to practice and refinine investment skills, preparing them for their future career pursuits. This fund is focused on a long-term value investing strategy. The TWU SMIF has also committed to donating a portion of returns to local charities. | https://www.twu-smif.com/#overview | 2016 | Contact | 15-20 | Donations | N/A | Yes | AUM, yes |
| Rational Capital Investment Fund | University of Toronto | Ontario | Undergraduate | Business | 0 | No | 0 | 1 | Public markets | The Rational Capital Investment Fund (RCIF) gives students the chance to make investment decisions and experience portfolio management through managing a pool of private capital. The RCIF is focused on overlooked areas of the market, which may present greater differences between market price and underlying worth. | https://www.rcif.ca/ | 2007 | Contact | 15-20 | Investments | N/A | Yes | AUM, yes |
| Total: 121,165,932 |
