Tillit has added five new funds to its universe, bringing the total number of funds on the platform to over 100.
The new additions include ARGA Emerging Market Equity, Kopernik Global All Cap Equity, Man High Yield Opportunities, Redwheel Next Generation Emerging Market Equity, and Royal London Short Term Money Market.
Sheridan Admans, head of fund selection, said Tillit has added funds with a value and deep value bias, which has become “more predominant” as of late. Other funds include a gearing towards emerging markets, bonds, and wealth preservation.
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“The new funds added to the Tillit platform expand our offerings to include a high-yield bond fund and a short-term money market fund. We have also added an emerging and frontier market fund, an emerging market equity fund, and a global all-cap equity fund,” Admans said.
“We remain committed to identifying exceptional funds to enhance the Tillit universe. These latest additions offer our clients broader investment options, enabling them to stay in control of their portfolio, enhancing their ability to tailor their portfolios to their specific needs and market conditions.”
The ARGA Emerging Market Equity fund adopts the deep value process, investing primarily in Asia and Latin America. ARGA Investment Management, a boutique asset firm, has offices in the US, UK and India.
Rama Krishna, founder and one of the managers of the ARGA fund, was formerly at Pzena Investment Management, Citigroup, AllianceBernstein, and Credit Suisse First Boston.
Also with a value focus, the Kopernik Global All Cap Equity fund was added to the universe, deemed a “go anywhere, global equity fund”. The strategy began in 2013 and has been run by founder of Kopernik Global Investors David Iben since it was launched.
The Man High Yield Opportunities fund invests in high-yield bonds mostly across developed markets, including those with a credit rating “at the most distressed end”. Managed by Mike Scott, head of global high yield and credit opportunities for discretionary at Man Group, the strategy has 60-80 holdings across with at least 80% in high yield at any moment.
Adding to Tillit’s emerging market funds, the Redwheel Next Generation Emerging Market Equity fund invests in growth holdings in emerging and frontier markets, with over 60 countries qualifying. Tillit notes the added benefit of these markets includes improving governance and demographics.
Tillit also brought in the Royal London Short Term Money Market fund, with at least 80% held in cash or cash equivalents. Tillit said the fund is a “low-risk” option for periods of uncertainty, while keeping up with interest rates.
