Oak Associates Funds Soar as Tech Weakness Grounds Others

Tech weakness? Oak Associates Funds didn't notice any tech weakness.

The broad shellacking felt by tech stocks has put the average tech-sector fund down 1.5% through July 31, according to Morningstar. Some notable losers such as (JAMFX Quote)Jacob Internet have fallen more than 50%.

But the Oak family of funds has been impervious to the reacquaintance with gravity that bedevils many of its tech-fund brethren. The Akron, Ohio-based firm's (ROGSX Quote)Red Oak Technology fund, run by Oak Associates founder James Oelschlager and co-manager Doug MacKay, has racked up a 43.8% gain this year. That gain is the tops among tech funds open to individual investors all year. Its sister fund, the large-cap growth (WOGSX Quote)White Oak Growth Stock, is run in a similar manner and is up 29.1% on the year. A smaller sibling, the mid-cap (POGSX Quote)Pin Oak Aggressive Growth fund, is up an impressive 27.9%. ...