Investment platform Tillit has added a quartet of funds to its universe.
The new picks are: EdenTree Responsible & Sustainable European Equity; Fidelity American Special Situations; Sanlam Global Artificial Intelligence; and Schroder Recovery.
The Tillit Investment Committee, which added Alexandra Danielsson to its ranks earlier this week, handpicks funds, investment trusts and ETFs for its investment universe.
Sheridan Admans (pictured), Tillit’s head of fund selection, said: “As value continues to gain prominence after a decade or more in the doldrums we have maintained a commitment to seeking out and adding funds that we believe are best in class in this category.
“Additionally, we have added a fund focused on artificial intelligence (AI) that also utilises AI capabilities in its decision-making process.”
“We are always looking for exceptional funds to add to the Tillit Universe. The latest additions provide our clients with a wider range of investment options empowering them to stay in control of their portfolio and make great long-term investment decisions,” he added.
EdenTree Responsible & Sustainable European Equity
Launched in 1999, the £162.6m fund employs a value approach to stock picking and aims to invest at least 80% in European ex-UK companies. The strategy is managed by Chris Hiorns and David Osfield.
According to FE Fundinfo, the strategy is a top-quartile performer in IA Europe ex-UK sector over one, three and five years.
It has returned 38.7% in the five years since September 2018, ahead of the 29.4% posted by the average sector constituent.
Fidelity American Special Situations
The £665m Fidelity American Special Situations Fund looks for undervalued stocks which it thinks will benefit from underlying long-term growth trends.
Launched in 2012, management responsibilities were passed to lead manager Rosanna Burcheri in 2021. She is assisted by deputy manager Ashish Bhardwaj.
While it has underperformed IA North America over 10 years, the strategy has returned 54.3% over the last three years, placing it among the top quartile of performers within the sector. The strategy has also received a five-star crown rating from FE Fundinfo.
The £877.6m Schroder Recovery Fund has been managed by Kevin Murphy since 2006, before being joined by co-manager Andrew Lyddon last year.
Employing a ‘deep-value’ approach, the managers only consider stocks that fall into the cheapest 20% of the market, determined by cyclically adjusted profit (based on 10-year averages).
Another long-term top-quartile performer within its sector, the strategy has returned 70.2% over the last decade, compared to 55.9% for the average IA UK All Companies fund.
Sanlam Global Artificial Intelligence
The only thematic strategy of the quartet is the £734.6m Sanlam Global Artificial Intelligence. Launched in 2017, it is managed by Sanlam head of growth equities Chris Ford and fund manager Tim Day.
The fund invests in companies whose main activities are in developing, researching or using Artificial Intelligence. It includes Nvidia, Alphabet and Microsoft among its top ten holdings.
See also: The AI gold rush