Radar Alert: Resources drive returns on Scot Wids UK Select Growth

Peter Cockburn attributes consistently strong performance to resources exposure

Peter Cockburn’s £250m Scottish Widows UK Select Growth fund has shown consistently strong performance, driven particularly by exposure to resources. Launched in August 1981, the vehicle is up 31.5% over one year to 17 May, according to Morningstar. It sits in the IMA UK All Companies sector. Cockburn, who has managed the fund since July 2007, describes his investment style as “a theme-based bottom-up approach”. The portfolio is high conviction, holding 42 names, as at 30 April, consisting of the best ideas generated by Scottish Widows Investment Partnership’s in-house research pro...