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Santander launches five-strong multi-manager fund range

Santander launches five-strong multi-manager fund range

Santander is to launch a five-strong multi-manager range for UK financial advisers managed by Tom Caddick (pictured) and Toby Vaughan.  

The risk-rated Santander Atlas Portfolio range will bear an annual management charge of 0.40% in addition to an ongoing charge of 0.99%. The duo joined from LV= in 2010.

The team’s current Santander Max 70% Shares Portfolio has returned 14.2% over one year versus a Mixed Assets – Aggressive peer average of 15.1% while their Santander International Shares Portfolio has returned 17.9% versus 11.8%.

‘They 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,’ said Jeff Scott, chief executive of Santander Asset Management UK.

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