Competing against more than 100 college teams on an international stage, a team of students at Montgomery County Community College achieved fourth place in the 2020 Vanguard Exchange Traded Funds Challenge for its portfolio performance as well as third place for its risk adjustment performance.
The annual challenge is sponsored by the Malvern-based investment giant Vanguard Group and hosted by Temple University’s Fox School of Business. It requires teams of four students to manage a $1 million portfolio for three months. The fifteen finalists are chosen based on the overall performance of their portfolios. Then each team presents its investment strategy to a combined panel of Vanguard and Temple representatives.
“We were the only community college in the competition,” said Bradley Lawrence, a member of the MCCC team members. “There were teams from Wharton, Cornell, Columbia, France, Spain, and Canada. For most of the competition, we were in first place.”
The team was guided by MCCC Finance & Management Instructor Damon Gray.
“I’m very proud of these students and how well they collaborated,” said Gray. “I guided them and answered their questions, but I didn’t tell them what to do. They had to figure it out and they did – they crushed it.”
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