Saxo Capital Markets Pte Ltd, the Singapore arm of Copenhagen based online trading giant Saxo Bank has announced the launch in Asia of SaxoSelect, its fully digital and automated investment service.
This launch follows the successful implementation of SaxoSelect in Europe in January 2016. SaxoSelect is available for clients with Saxo Capital Markets.
SaxoSelect offers a cost-efficient and simple way to have money managed in a digital online environment. It covers various portfolio types for clients to choose from according to investment goals and risk appetite. Portfolios are built and managed in collaboration with for example BlackRock Inc. (NYSE:BLK) and Morningstar to ensure clients access to world class investment expertise.
In collaboration with BlackRock, Saxo Bank has established three distinct Balanced Portfolios purpose built to assist with wealth development. Each portfolio differs by risk and capitalises on opportunities across multiple asset classes whilst also providing diversification to mitigate risks specific to individual markets. The portfolios are comprised of iShares Exchange Traded Funds (ETFs) selected by BlackRock and offering exposure to, fixed income, developed and emerging equity and other asset classes.
SaxoSelect also offers access to an equity portfolio managed by Saxo Bank in collaboration with Morningstar Investment Management Europe Ltd, offering a smart and cost-effective way to invest in a portfolio of 30 quality stocks based on Morningstar’s Economic Moat Rating methodology and valuation research, which identifies stocks undervalued by the market.
In total five investment portfolios are available in the SaxoSelect environment. SaxoSelect is accessible directly from the platform, providing clients with real time execution and live portfolio information.
Adam Reynolds, CEO Asia Pacific of Saxo Capital Markets, commented,
The investment industry and wealth management specifically is transforming massively in Asia with the emergence of new technology and new partnerships. At the same time, Asian investors keep seeking opportunities to build portfolios with broad diversification across geographies and asset classes. With SaxoSelect we offer help building such portfolios with some of the strongest global expertise from for example BlackRock and Morningstar in a transparent and cost-efficient way.
Many financial institutions have tendency to offer clients their very own mutual funds for example. We take a different approach at Saxo. In line with our strategy of being a facilitator in global capital markets, we want to ensure that our clients have access to the best products and the best services from the best global providers.
The speed of adoption of fintech in Asia is much faster than in other regions globally and Saxo is at the forefront, shaping how people invest in the future. With SaxoSelect, Asian retail investors are able to access a wider range of curated investment portfolios available on the Saxo platform.
More information can be found on the Saxo Capital Markets website: https://www.home.saxo/en-sg/managed-portfolios.