The first fund is sub-advised by Barrow, Hanley, Mewhinney & Strauss (BHMS), while the second one by Thompson, Siegel & Walmsley (TS&W).

Transamerica Capital chief executive officer Dave Paulsen said the new funds will increase the company’s asset allocation portfolios, and offer investors with individual strategies from top-tier managers.

"We believe that strategies in these asset classes are not only in demand today, but will allow us to address the needs of investors in the future," Paulsen added.

Dividend Focused (TDFAX, TDFCX, TDFIX) seeks total return gained from the amalgamation of dividend yield, growth of dividends, and capital appreciation, while International Small Cap Value (TISVX) seeks maximum long-term total return by investing primarily in stocks of small-capitalization companies.

The Dividend Focused strategy will be offered in class A, C, I and I2 shares, while International Small Cap Value will be available in class I and I2 shares.

Transamerica Asset Management (TAM), which consists of Transamerica Funds, Transamerica Partners Funds, Transamerica Series Trust, Transamerica Income Shares, and Transamerica Asset Management, is the asset management business unit of Transamerica.

Having over $52.3bn in assets as of 30 November 12, TAM and its affiliate companies are wholly owned by AEGON, an international life insurance, pension and asset management company.