The Union College Student Investment Fund (SIF) is excited to announce the launch of its first-ever Fixed Income Fund. The SIF was established in 1986 through the gift of Heinz and Ruthe Eppler to give Union students “the opportunity to gain experience in … the management of an investment portfolio.” During its nearly 40-year history,…
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Ferrari (NYSE: RACE) is known as a symbol of luxury, performance, and exclusivity. Since its first car in 1947, it has defined the racing and automotive industry. The Maranello, Italy-based company continues to make the most sought-after vehicles and has successfully shaped itself as a luxury brand (source) . Overview Ferrari operates at the intersection…
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What is BYD? BYD stands for “Build Your Dreams”. It is a Chinese manufacturer of electric and hybrid vehicles with sales in Asia, Latin America and Europe. It was founded by Wang Chuanfu in 1995 in Shenzhen, China where it is headquartered. BYD started as a battery-making company but transitioned into the electric vehicle market…
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What is Prologis? According to its 2023 annual report, “Prologis is the global leader in logistics real estate with a focus on high-barrier, high-growth markets.” The logistics real estate sector provides warehouse distribution and fulfillment centers to streamline supply chains and meet the demands of both traditional and online commerce. Prologis develops and manages these…
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What is SGOV? SGOV is iShares 0-3 Month Treasury ETF (SGOV). It invests in ultra-short-term treasuries, is passively managed, has a low expense ratio of 0.07%, and has an average bond duration of 0.09 years. What is the investment thesis? At the time of this writing (December 2023), cash represents more than 16% of…
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What is PAVE? PAVE is Global X U.S. Infrastructure Development ETF which “seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States.” Why infrastructure? What is the investment thesis? We believe that the market currently underestimates the need for infrastructure investments and the magnitude…
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The utilities sector is one of the main sectors of the economy and is made up of companies such as electric, gas, and water utility firms. Utility stocks are generally not high growth stocks that will outperform the market, but rather high yielding equity investments. These companies require significant infrastructure and therefore often carry large…
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Spotify is a music streaming platform developed by Swedish company Spotify AB, headquartered in Stockholm, Sweden and listed on the NYSE as of April 2018. Spotify is an attractive investment for a multitude of reasons. For the first time in 15 years, Apple cut its revenue guidance by $5 billion due to a downturn of…
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The SIF currently owns 75 shares of Facebook (FB) and it makes up 2% of the portfolio. Although the company has grown its profitability and has a relatively low beta of .62 over the past 3 months, the ongoing concerns over data collection, privacy issues, personnel conflicts, and Russian interference pose sufficient risk to warrant selling out…
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Gilead Pharmaceuticals, a biopharmaceutical company, discovers, develops and commercializes therapeutics in the areas of unmet medical needs in the United States, Europe, and internationally. Gilead pharmaceuticals is an attractive investment for three main reasons. First, it is incredibly undervalued compared to its competition. Gilead’s EV/EBITDA ratio is 8.18 currently compared to an industry average of…
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