1OAK RAIA regains top spot in Citywire league table
The White Fleet - 1OAK RAIA fund registered a gain of 6.1% for the month to the end of May and is once again the best performing Technology fund in the Citywire league table over a 1-month period. The fund is also the only fund with a positive return amongst its peers. Over a 1-year period the fund ranks in the top five, and it is also ranked highly over a 3-month period.
1OAK RAIA is a thematic fund that invests in disruptive and fast evolving technologies related to Robotics, Automation and AI, and is currently differentiated by a large allocation to the “Space Economy” theme. Within this theme, the fund’s largest position is in Virgin Galactic. Last week, the US Federal Aviation Authority updated Virgin Galactic’s licence to allow it to fly customers into space. The share price has risen more than 250% since the recent low point in May.
Yun Sun, the fund manager, said: “The Space Economy is the new frontier of human technology, and huge efforts are currently being made to advance it. The recent developments are important because the knowledge and technology has now been translated into a product that the public can consume.”