I/O Fund Outperforms Leading Active Tech Funds in 2021
Despite a difficult year for tech stocks, the I/O Fund releases exceptional 2021 results
SAN FRANCISCO, April 20, 2022--(BUSINESS WIRE)--I/O Fund, an actively managed tech portfolio that provides in-depth stock investing research and real-time trade alerts for retail investors, announces a 11.4% return for 2021 and 141% cumulative return from its inception through December 31, 2021. Both figures do not include dividends. These returns were independently audited, and prove I/O Fund’s expertise in the world of tech.
I/O Fund’s success comes from being first to trends and confidently holding high allocations. In 2021, the all-tech portfolio held an allocation of 30% across leading semiconductor companies and 20% in blockchain assets. The I/O Fund was able to pull ahead of institutional competitors by tactfully selecting leading tech stocks that outperformed in a year when high beta was out of favor.
The 2021 annual report reflects the I/O Fund’s fluency in technology during a turbulent year for tech stocks as the +11.4% returns were nearly 40% higher when compared to popular tech ETFs. On a cumulative basis, the I/O Fund more than doubled the returns from popular tech ETFs since inception.
CEO & Lead Tech Analyst Beth Kindig has been covering crypto since 2013, which predates the Ethereum network. Kindig’s in-depth expertise helped the I/O Fund confidently add blockchain positions to an audited stock portfolio with large allocations. The company entered Bitcoin several times in 2020, with entries ranging in the $7,000s - $20,000s, and the I/O Fund rightly trimmed their exposure in Q1 of 2021 in the $52,000 to $58,000 range before the large correction began. I/O Fund premium members were notified of their every move through real-time trade alerts.
Kindig has also written extensively on Nvidia, predicting that the company would become a leading artificial intelligence stock even when data center revenue was declining. She is a regular contributor to Forbes where she stated Nvidia would become one of the world’s most valuable companies. The I/O Fund leveraged her unique predictions across three additional semiconductor companies, which helped insulate the I/O Fund from weakness in the tech sector.
"We firmly believe that tech will generate life-changing gains on Wall Street into the foreseeable future," says CEO & Lead Tech Analyst Beth Kindig. "We strive to become a valuable resource — and an important alternative to ETFs — for individuals and funds who are determined to participate in this highly rewarding, albeit volatile, sector."
The company also called the two best performing cloud stocks of 2021 — Asana and Datadog. The I/O Fund sold into strength several times, then finally closed their position in Asana with a 286% gain. Datadog was initially bought during the COVID lows at $34.90 with I/O Fund Portfolio Manager Knox Ridley adding to the position several times in 2021, which went on to provide an 80% gain for 2021.
"Our success is largely due to allocations and position sizing," says Portfolio Manager Knox Ridley. "We were not immune to the tech selloff, rather we use risk management to reduce its impact. Ultimately, we are committed to the tech sector as the world’s leading industry even amidst the current macro headwinds, as we believe the time to be accumulating tomorrow’s FAANGs is when the market is selling out of them."
The I/O Fund hires an independent accounting firm to conduct its periodic audits. It reviewed statements from January 1st, 2021 to December 31st, 2021 from the fund’s brokerage and blockchain accounts and found no discrepancies.
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