Waverton Investment Management’s Real Assets Fund has attracted over £100 million in assets under management (AUM) since its launch in November 2018.

The Waverton Real Assets Fund targets CPI +4 percent over the medium to long term with a lower volatility than equity markets. It is predominantly a daily dealing UCITS vehicle, domiciled in Ireland and managed by James Mee and Luke Hyde-Smith.

The fund invests in businesses supported by physical assets, typically with inflation linked cash flow streams. It covers five real asset classes: property, infrastructure, asset finance, commodities and specialist lending.

Examples of prominent individual holdings include Atlas Global Infrastructure fund, GCP Student Living Plc, Greencoat UK Wind, Hipgnosis Songs Fund and Real Estate Credit Investors.

In addition to the inflows for its Real Assets Fund, Waverton has also announced that it has reached £6 billion in assets under management.

Waverton’s Head of Managed Portfolio Service John Bellamy was pleased with the achievements and the breadth of its current investor base.

He said: “We are thrilled to have reached this milestone in such a short space of time and have seen flows from a broad investor base. There has been significant appetite shown in particular by DFMs and retail advisers. They are making a deliberate and conscious choice to buy this fund for their clients.”

Mr Mee and Mr Hyde-Smith noted its success during a difficult investment climate.

Mr Mee said: “Despite a range of market conditions since launch the fund is performing in-line with expectations, while displaying low correlation to both equity and bond markets. Key contributors to performance since inception have been property and infrastructure, and gold within commodities.”

Mr Hyde-Smith added: “Investors are looking for what real assets offer: the potential for steady, predictable and growing income, potential gains and capital preservation in an uncertain global environment.”