Banco Santander launches discretionary management service

Banco Santander has launched a discretionary management service comprising five risk-rated portfolios with the aim to give access to active management as well as greater diversification to different financial assets. Mi Cartera Santander is made up of five risk-rated profile portfolios (Conservative, Moderate, Balanced, Dynamic, and Aggressive) that will invest in Santander best own house funds, with different weights and levels of risk determining the exposure to equities, high yield, and currency. The Conservative portfolio will be up to 20% exposed to equities; the Moderate from 10...