SaxoSelect, the digital and automated investment service that enables clients of Saxo Bank to invest in pre-selected portfolios, has reported that its growth and risk-on managed portfolios has seen a 43 percent increase in net capital flows in the second quarter.
The two equity portfolios of global stocks, which utilise the strategies and research from Morningstar and Nasdaq, target strong growth over the medium term. In the second quarter, these portfolios saw a 166 percent increase in net capital inflows over first quarter flows.
Another group of portfolios, trading strategies, which carry higher risk and focus on alternative trading styles, have also seen net capital inflows.
SaxoSelect also offers diversified balanced portfolios and are based on low cost exchange-traded funds (ETF) for long term investments and savings.
Saxo has seen substantial net capital inflows across the complete SaxoSelect portfolio range, with total assets under management up by 100 percent compared to the same period last year, the bank stated.
Kieran Phyo, head of SaxoSelect, said: “Our SaxoSelect offering is underpinned by the belief that technology will profoundly change the asset management industry. Access to technology, demand for transparency and cost efficiency, as well as a focus on performance will change the way individuals manage their capital. We believe that our partner oriented facilitator model is more relevant than ever. We are actively having ongoing discussions with other potential partners to offer more portfolios.”
Headquartered in Copenhagen, Saxo Bank provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS). Founded in 1992, it has more than 1500 employees in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.