TILLIT removes Supermarket Income REIT from recommended list after engagement failures

Failure to engage with TILLIT committee

DIY investment platform TILLIT has removed Supermarket Income REIT from its recommended funds list, after it claimed the trust’s management had not been engaging with the group’s investment committee properly.

TILLIT said it had removed the trust from the TILLIT Universe - a collection of what it believes to be best-in-class portfolios and assets - after the investment trust "ignored multiple attempts" to engage with its investment committee. The platform said it "firmly believes that it is in investors' interests that its investment committee assesses not just what fund managers write, but how they say it and how it aligns with decisions made in the portfolio - this requires access to meetings with the fund manager at least once a year". "The team managing Supermarket Income REIT has ignor...