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What is the Bowden Investment Group?
In January 2000, a real-money investment
portfolio was established in honor of Dr. Elbert Bowden and is managed
by students at Appalachian State University. The Bowden Investment
Fund is owned by the Finance, Banking & Insurance (FBI) Department
and Appalachian State University. The Group consists of students
participating in a unique real-world educational experience to learn
about analyzing investment opporturnities and managing a real investment
portfolio. The portfolio has been provided by donations from students,
faculty and supporters of ASU.
In addition, another long-term goal
of the program is to provide a source of supplemental funding for
various activities and needs of both students and faculty within
the FBI Department.
How does it operate?
Students involved in managing the
Bowden Fund enroll in a series of classes, Investment Management
I and II (FIN 4620 and 4622), for which they receive 6 credit hours.
Students must attend for two consecutive semesters beginning Fall
semester of each year.
A variety of security analysis and
investment management topics are covered in the class, but the primary
focus is on the analysis of equity securities and the specific management
of the Bowden portfolio. Students conduct detailed research and
prepare an investment analysis report for any security that is being
conidered for purchase or sale. Their analysis and recommendation
is presented to the Bowden Investment Group (the class) and the
students vote on investment decisions.
Outlook
In order to maximize the benefit
of this unique and valuable experience, the Bowden Fund needs to
continue to grow in size. As of mid-2004, the fund value is approximately
$70,000. A significant fund raising effort continue with a goal
of increasing the size of the fund to at least $100.000. If you
are interested in making a donation to SMIF, or have any ideas,
suggestions or questions about this unique eduational opportunity,
please contact:
Dr. Delbert Goff
Bowden Investment Group Advisor
Department of Finance, Banking and Insurance
Walker College of Business
Appalachian State University
Boone, North Carolina 28608
828-262-6188
Email: goffdc@appstate.edu
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