Oak Associates Awarded PSN Top Guns Designation – 4Q 2023 Manager of the Decade!
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Oak Associates Named to PSN Top Guns List of Best Performing Strategies for 4Q 2023
Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies
Akron, OH—March 07, 2024—Oak Associates, ltd. has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for 4Q 2023. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.
As the needs and viewpoints of investors are becoming more diverse, investment advisors must incorporate strategies capable of being customized to their client’s goals. SMA strategies are becoming increasingly important as an efficient tool to provide custom investment solutions for portfolios of all sizes and have seen asset growth of over 19% in 2023. It is also increasingly important for managers to identify quality SMA strategies. Zephyr PSN has been helping advisors find quality products for 40 years and achieving Top Gun status confirms that Oak Associates has outperformed their peers in a meaningful way.” said Nick Williams Product Manager of PSN at Zephyr.
Oak Associates Technology Select is a sector specific strategy which seeks long-term capital growth by investing primarily in large-capitalization stocks of companies whose earnings and sales growth are driven by technology- related products and services. The investment process involves identifying the most attractive areas within technology and narrowing the search to individual stocks. The portfolio managers generally prefer market leaders with strong fundamentals that are trading at attractive valuations and have also shown a commitment to returning capital to shareholders.
“Technology investing is often overshadowed with hype and promise of next-generation technology. Oak Associates’ approach of staying focused on a company’s financials and tangible results, rather than promised innovation and its impact, has produced solid results for long-term investors and we appreciate PSN recognition in this regard,” said Robert Stimpson, Oak Associates’ Co -CIO and Portfolio Manager.
Through a combination of PSN’s proprietary performance screens, the PSN Top Guns List ranks products in six proprietary categories in over 75 universes based on continued performance over time.
Oak Associates’ Technology Select strategy was named Top Gun Manager of the Decade, meaning our Technology Select Strategy had an r-squared of 0.80 or greater relative to the style benchmark for the latest 10-year period. Moreover, the strategy’s returns were greater than the style benchmark for the latest 10-year period and had a standard deviation less than the style benchmark for the latest 10-year period. At this point, the top ten performers for the latest 10-year period become the PSN Top Guns Manager of the Decade.
The complete list of PSN Top Guns and an overview of the methodology can be located at https://psn.fi.informais.com/. Registration is required.
Oak Associates is an investment management firm located in Akron, Ohio. Founded in 1985, Oak has spent decades focused on U.S equities and uncovering quality growth companies that can rise above market expectations. At Oak, we believe that sustainable long-term growth for investors is best achieved through a concentrated focus on companies and sectors. Our high-conviction stock selection process centers on identifying multiple drivers of growth and engaging in fundamental research to uncover the right businesses within the right sectors. We then take meaningful positions—targeting unrealized value and seeking long-term capital appreciation independent of typical index results. We offer two key ways to invest with us, including mutual fund accounts and direct separate accounts for institutions and high net worth individuals.
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 Years of Data Including Net and Gross-of-Fee Returns. For more details on the methodology behind the PSN Top Guns Rankings or to purchase PSN Top Guns Reports, contact Robby Resendez at [email protected]. Visit PSN online to learn more.
No compensation was directly or indirectly provided by the Adviser in connection with this rating and/or award.