The fund range is built to adapt to the challenges and opportunities of global markets.

UBS Asset Management has partnered with True Potential Investments to launch five multi-asset funds.

UBS will provide the investment expertise to actively manage the funds, which the firms say are designed for all market conditions.

The True Potential UBS Defensive, Cautious, Balanced, Growth and Aggressive Funds are aligned to individual risk profiles defined by Morningstar. Each fund will be managed within its risk banding to navigate changing markets, seeking to manage volatility and capitalise on growth opportunities. They are priced at 0.6 per cent with a minimum investment of just £50 ($66).

“The funds are globally-diversified across and within asset classes benefitting from our active views across markets and currencies. In addition, they incorporate a range of next generation 'smart-beta' funds to achieve smarter, low-cost implementation and strive for better outcomes for clients," said Richard Lloyd, head of portfolio management, research and risk, investment solutions at UBS Asset Management.

The size of the funds ranges from £5.9 million (True Potential UBS Defensive) to £42.5 million (True Potential UBS Aggressive) as at 10 August 2016.

UK-based True Potential provides technology and business support services to UK financial advisors and wealth management services for private individuals.