Investor’s Business Daily
White Oak Keeps Its Focus Very Tight: Holding Just 22 Stocks: For best chance to
beat the market, Oelschlager avoids index-like spread," by Jonah Keri.
See excerpt below, or full story text online at click here.
"Diversification may be a mantra for many asset managers." For Jim Oelschlager,
it's anathema to his entire method of investing.
Oelschlager is the portfolio manager for White Oak Select Growth Fund. It owns a
small number of stocks relative to other large-cap growth funds -- just 22 now.
"We strive to outperform the market, which is doing pretty well this year," said
Oelschlager. "If you spread yourself too thin, at some point you become just a composite
index. You can't have outperformance like we're having now with a broad brush of
stocks."
The fund's discriminating selection process has yielded a 49.91% year-to-date return,
compared with a 23.52% gain for the S&P 500 and a 30.60% advance for other funds
in White Oak's category.’
Mutual fund investing involves risk including loss of principal. In addition to
the normal risks associated with investing, narrowly focused investments typically
exhibit higher volatility. Products of the companies in the technology sector are
subject to severe competition and obsolescence.
The performance data quoted represents past performance and does not guarantee future
results. Investment return and principal value will fluctuate so that an investor’s
shares, when sold or redeemed, may be worth more or less than the original cost.
Current performance may be lower or higher than the performance quoted. Click here
for performance information through the last complete quarter. Holdings are subject
to change. Click here for holdings.