The Montano Student Investment Fund

Student Work

SMIF Officer Spotlight

Student Research Projects

As a SMIF analyst and Finance major at GMU, you also have the opportunity to participate in student-led research with professors in the area. Past research has been published by the Wall Street Journal, CFA Institute, MarketWatch, and ETF Trends among other journals. George Mason University is the only university that guarantees student led research will be publicized in major publications.

2024 Student Work:

Yashkaran Sidhu and Nicholas Kline: WSJ: ‘Which Countries Have the Strongest Stock-Market Returns? Guess Again.’

Alice Nguyen and Diego Alcantara Leon: WSJ: ‘Should You Include REITs in Your Portfolio? And if So, Which Ones?’

Jonathan Pino and Artin Tatevossian: WSJ: ‘In Investing, Does It Pay to Follow the Money?’

Alex Handley and Ana Claudia F. Manuel: CFA: ‘How Well Does the Market Predict Volatility?’

Reema Hammad and Raheeg Joari: WSJ: ‘The S&P 500 Isn’t as Diverse as It Used to Be. Here’s Why That Matters’

Amir Murad & Keya Patel: WSJ: ‘Sell in May and Go Away’ Isn’t as Useful as It Once Was

Joseph Turay & Taurus Patterson: CFA: Does a Stock’s Price Influence Its Risk Profile?

Katuta Kapinka & Lydia Samuel: WSJ: Do Bond Ladders Really Work?

Thomas Powars & Swikrit Acharya: VettaFi: The Impact of Currency Hedging on Performance

Camila Builes & Matthew Rickard: WSJ: Once a Hot Stock-Market Trend Has a Name, Its Best Days Are Likely Past

Sarmad Mirza & Yewon Choi: WSJ: All Money-Market Funds Have the Same Yield, Right? Not Even Close

Will Marston, Vidhi Pathak, & Chris Ross: CFA: Decoupling Correlations: Global Markets since COVID-19

Kurshat Gheni & Heyuan Li: WSJ: Hedge Funds for the Masses Deliver Ho-Hum Returns—and Have High Costs

2023 Student Work:

 Swikrit Acharya & Abdullah Khalid: WSJ:How to Use Industry ETFs to Ride Waves of Momentum

Duy Vu & Riyan Khawaja: WSJ:If Interest Rates Are Peaking, What Investments Are Likely to Do Best?

John Walton & Ben Korhnak : WSJ:Factor ETFs Fail to Deliver Their Promised Outsize Returns

John Shaffer & Giovanni Rustici: WSJ:Are Leveraged ETFs Worth the Costs and Risk?

Melvin Reyes & Alberto Vergara: WSJ:Do Commodities Provide a Hedge Against Recessions? We Ran the Numbers

Herman Jentoft & Simon Kanazeh: CFA: Fed Chair Congressional Testimony: Has the Market Played Favorites?

Sahitya Balguri & Ebba Cha: WSJ:Complex Fund Names May Be a Warning Sign for Investors  

Patrick McManus& Luis Paz-Perez: CFA: A US GDP-Weighted Index

Kexin Xu & Yuge Pang:CFA:Do Sentiment Metrics Matter to the Markets?

Sean Prendergast & Zhuo ChenWSJ: Active vs. Passive ETF’s: How They Stack Up

Christopher Lindholm & Dongxuan Hou: WSJ: When Investors Do the Most Harm With Market Timing

Xiaozhu Zhang &  Ruben Devia, CFPCFA Do the Best Equity Fund Managers Follow the Bond Market?

Clarita Orosco & Huei Lee: WSJ:Beware, Options Investors: You Pay a High Trading Price Compared With Stocks

Dhruv Peri & Huei Lee: WSJ:Does a Valuation-Based Portfolio Beat a ‘Lazy’ One?

Mason Leppa & Dhruv Dewan:WSJ:How Much More Tax-Wise Are ETFs vs. Mutual Funds?

Zihan Chen: CFA:Can Tracking Error Boost Index Funds’ After-Tax Returns?

Ricky Singh & Albert Valencia: WSJ:Which Mutual Funds Are Good for Your Taxes?

Zihan Chen& Yuyi Shi: CFA:Bitcoin Mining and Local Stock Market Performance Correlations

Tao Wei &Junchen Xia:CFA: Short Squeezes: A Four-Factor Model

2022 Graduates’ Work:

 Renzo Victoria & Qi Zhang: WSJ: What Types of Bonds Deliver the Best Returns?

Lance Nguyen & Nicholas Guidos: CFA: What Can AI Do for Investment Portfolios? A Case Study

Jason Huddler & Jianyu Ren CFA: Bonds and Fixed Income: Where’s the Hedge?

Luis Paz-Perez & Brandon GilbertWSJ: When Is the Best Time of Day to Buy an ETF?

Jordan Doyle CFA: Growth, Value, and Skewness: Are Growth Stocks a Lottery-Like Bet?

Yuge Pang Zi Yang WSJ:Which Investments Do Best—and Worst—in a Recession

Xinran Li WSJ:Before the Fed Acts, It Pays to Buy Stocks

Luis Paz-Perez CFA: COVID-19 Correlations: Local Cases, Local Returns? | CFA Institute Enterprising Investor

Junchen Xia & Maciej Kowalski CFA: Digital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk? | CFA Institute Enterprising Investor

Athena Salomons & Darian Whitfield WSJ: When the ‘Barbell’ Investment Strategy Does—and Doesn’t—Work

Zihan Chen & Yiming Xie WSJ: Which Stocks Do Best During High Inflation?

Lincoln Berkson & Katherine Vargas Medina CFA: How Sharp Is the Sharpe Ratio? An Analysis of Global Stock Indices

Jaehee Lee & Natalia Palacios WSJ: Which Investments Do Best When Real Interest Rates Are Negative?

Patrick McManus & Geoffrey Oliver CFA: Portfolio Diversification: Harder Than It Used to Be?

Cameron Hair & Georgi Minov WSJ: As the Fed Raises Interest Rates, and Other Central Banks Don’t, What Will That Mean for U.S. Stocks?

Marco Favro & Michael Yelland CFA: Options Markets: How Far Have Implied Transaction Costs Fallen?

Drew Hardin & Amine El Boury CFA: Technical Analysis Revisited: Moving Averages = Above Average Returns?

Sasha Mironova & Kendra MacBruce  WSJ: Investing in a Global Stock Fund? Find Out Where the Fund Manager Is From

Kanwal Ahmad & Tao Wei  The Conversation: Want to master Wordle? Here’s the best strategy for your first guess

Kevin Mocknick WSJ: The ‘January Effect’ Doesn’t Hold Up With Stocks. But Bonds Are a Different Story

Ying Liu & Amber Wilkins CFA Institute: Fama and French: The Five-Factor Model Revisited

2021 Graduates’ Work:

Cade Irwin ETF Trends: What Can Buffered ETFs Do for Your Portfolio?

Kanwal Ahmad WSJ: Just How Valuable Is Tax-Loss Harvesting?

Ioana Baranga WSJ: Should You Invest With Fund Managers Who Have Lots of Experience?

Reina Tran & Tao Wei   ETF Trends: What Covered Call ETFs Can Do for Your Portfolio

Juhee Hong & AnhMinh Luu CFA Institute: Chinese and World Stock Market Co-Movements: Two Findings

Tyler Harb WSJ: Should Investors Create Their Own Target-Date Fund?

Beau Fitzpatrick WSJ: The Surprising Risks of Investing in ESG Funds

Zack McKannan CFA Institute: Revisiting Beta: How Well Has Beta Predicted Returns?

Valerie Mayer CFA Institute: Meme Stocks and Systematic Risk

Ana Garcia CFA Institute: Low- or High-Volatility – Which Wins the Return Battle?

Pamy Arora WSJ: Your Fund Manager Is Lending Out Your Holdings. Should You Be Worried?

Elan Guzman WSJ: What Should You Keep in a Market Correction: Winners or Losers

Michael Braaten & Mike Brynda WSJ: Are Tax-Efficient Funds Worth it?

Mohanad Aldayel & Ethan Ioannou CFA Institute: Where to Allocate Fixed Income?

Aidan Eccles & Lindsey Coffey CFA: Peak Diversification – How Many Stocks Diversify a Portfolio?

Daniel Arguedas-CornejoEmily Baucom WSJ: Convertible Debt Funds – Are They Worth It?

Chaitanaya M. Vij CFA Institute: Is this Tech ‘Bubble’ the same as the Dot-Com Bubble?

Hoai Nguyen & Abdallahi Ely Telmoudy CFA Institute: SPACs – An Uncorrelated Asset Class?

Beau Fitzpatrick ETF Trends: Do Low Interest Rates Force All Investors to be ESG Investors?

Stephanie Fincher & Eric Dzik WSJ: Should Investors Buy a Stock After It Splits?

Chaitanaya M. Vij CFA Institute: Stocks Turned Upside Down? The COVID-19 Beta Effect

2020 Graduates’ Work:

Sahil Saini   CFA Institute: Tesla and the S&P 500: What Could Have Been?

Ano Glonti & Shaista Khodabux  CFA Institute: Trading at All Hours: The Portfolio Implications

Ano Glonti & Brian Peirce   CFA Institute: How Long Does a Competitive Advantage Last?

Sufia Abdul-Rauf & Oriela Poga   ETF Trends: Can ETFs Persist in the ESG Space?

Morgan Rink & Maximilian Simkins  CFA: Should Fundamental Investors Give Up on Value Stocks?

Attila Kiss   ETF Trends: What can Risk Parity do for you