The Santander Atlas Portfolios will be managed by the firm’s global multi manager fund management team, led by Tom Caddick and Toby Vaughan. The funds include five multi asset, multi manager portfolios, which will have differentiated risk targets to suit varying investor attitudes to risk in the medium to long term.

The funds will invest across core global asset classes, including equities, bonds, properties and alternatives, with a focus on managing the portfolios within clearly defined volatility targets to provide investors with potentially smoother returns. In addition, the portfolios will have a low annual management charge of 0.40 per cent, plus a capped ongoing charge of 0.99 per cent.

Furthermore, Moody’s Analytics will help provide advisors and clients with analysis on the range, which has been benchmarked against funds across the UK by the independent, financial research company, Defaqto.

The firm also said that the portfolios are exclusively available via financial advisor platforms - they are not available through Santander’s retail branch network.

Santander Asset Management UK had over £24 billion ($38.4 billion) in assets under management at the close of June 2013, and is the subsidiary of Santander Asset Management, which with its 11 country offices, currently manages over €156 billion (about $209 billion).