Santander Asset Management UK has unveiled a new multi-manager fund range for UK advisors, called Santander Atlas Portfolios.

The new fund range will be managed by Santander AM global multi-manager fund management team, led by Tom Caddick and Toby Vaughan.

The firm will charge an annual management charge of 0.4% and a capped ongoing charge of 0.99%. The active funds seek to invest in core global asset classes, including equities, bonds, properties and alternatives.

Atlas Portfolios have five risk-targeted multi-asset and multi-manager portfolios which will align with Distribution Technology’s risk profiles of 3 through to 7.

The fund range will be available exclusively to intermediaries.

Commenting on the launch, Caddick said: "We are delighted to be announcing the launch of the Santander Atlas Portfolios, which we believe will be a great help for advisers looking for high quality, great value risk-rated solutions."

Jeff Scott CEO of Santander Asset Management UK, said: "Caddick and Vaughan have a long track record of delivering multi-asset solutions to clients across the globe and we are very pleased to deliver a range built exclusively for intermediaries as we are committed to success in this new space."