Students earn double-digit returns in TVA investment program - | Chattanooga News, Weather & Sports

Students earn double-digit returns in TVA investment program

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KNOXVILLE, TN (AP) - University students in the Tennessee Valley Authority's 2014 Investment Challenge Program have produced double-digit returns for the public utility.

Student teams from 25 universities within the utility's service area participated in the challenge by managing real stock portfolios. With faculty guidance, the students designed long-term investment strategies and selected investments within guidelines established by TVA.

The winning team from Austin Peay State University earned a 22.67 percent return. That beat the Standard & Poor's average as did the teams from University of Kentucky with 17.83 percent and Alabama A&M University with 16.33 percent. The return for the total program was 10.53 percent.

TVA initially provided $1.9 million from its long-term asset retirement funds to start the program. Through 2014, the program has grown to over $13 million.

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