Stock selection and gearing boost Cockburn fund

Aim-listed Indian power company KSK among best performers on UK Select Trust last year, with average gearing of 10% also boosting returns

Stock selection and gearing in a rising market drove performance on the UK Select Trust over 2007, with average borrowing at around 16% during the year. Swip's Peter Cockburn, who heads up the £36m trust, generated NAV returns of 5.7% against benchmark performance of 5.3%. He highlighted KSK Power as the portfolio's best performer over 2007, a leading Indian power project developer and operator that floated on Aim in November 2006. "The group is very well placed to exploit the vast growth opportunity that exists from the structural shortage of power in India," he added. "KSK continu...