January 05, 2016
Two seniors in the Sigmund Weis School of Business finished in the top 25 in a worldwide investment competition sponsored by ETF Global, placing Susquehanna University among the top 25 universities in the competition, including the University of Michigan, the University of Southern California and the University of North Carolina of Chapel Hill.
Susquehanna was one of only three universities in the competition to field two or more students who were top-25 finishers.
Eric White, an economics major from Acton, Mass., and Chris Ryan, a finance major from Toms River, N.J., realized a 5.14 percent and 4.5 percent return, respectively, on their virtual investment in the ETF Global Portfolio Challenge.
The challenge was a web-based simulated investment exercise designed to serve as a fun and educational tool to help teach students about investing in exchange-traded products (ETPs). Through a website, students constructed a portfolio utilizing between four and 10 ETPs using a virtual endorsement of $100,000.
White focused on the technology market while Ryan chose to short sell oil.
Their results earned them complimentary tickets to the Spring 2016 ETP Forum on April 6 in New York City, which will enable them to network among 500 business professionals. This one-day symposium convenes widely recognized experts in exchange-traded products and capital management.
ETF Global is a leading, independent provider of data, research, investment-decision support applications, proprietary risk analytics and educational offerings for exchange-traded products.
While White's postgraduate plans are not yet confirmed, Ryan has already accepted a position with Morgan Stanley in wealth management after interning there last summer.