Saxo’s Australian arm has broadened its product range with the introduction of SaxoSelect, a managed portfolios service targeting self-directed investors and self-managed super funds.
With SaxoSelect, investors can access managed international financial instruments through seven portfolios actively managed by BlackRock, Morningstar, Nasdaq, Brown Advisory, and Macro FX. Furthermore, Saxo has ensured transparency in fees for these managed portfolios, with an average fee of 0.95 percent and no other platform, entry, exit, or custody fees.
Adam Smith, CEO of Saxo Australia, commented:
In recent years the appetite for alternative wealth strategies has grown in line with improved access to global capital markets and innovations in technology. More Australians than ever are looking to build diversified portfolios across geographies, and as such are using digital platforms to take control of their financial future – whether that’s through directly investing their savings or establishing their own SMSF.
Initially launched in the European and Asian markets in 2016, Saxo Bank was only available to Saxo account holders and required a minimum investment of US$10,000, with no minimum investment period.
Smith added:
Access to world-leading managed portfolios and international diversification, alongside total transparency and control, is something we believe that more investors need and what Saxo is here to offer. SaxoSelect is about truly expert wealth management at a much more affordable price.
