Waverton Investment Management’s Charity Growth & Income Fund has returned 9.0 percent since its inception last May, surpassing its peer group which is down 0.1 percent over the same time frame.

The firm said its active approach to investing, both in terms of stock selection and asset allocation, contributed to returns. The former has enabled outperformance in a rising market while the latter has helped to protect capital during the economic downturn in Q1 2020.

The fund uses a blend of assets to achieve the investment objective and reduce risk. Invested in equities, bonds and alternative asset classes, it has bot...