Saxo Bank and Nasdaq partner to create portfolio of growth stocks for SaxoSelect clients

  • Banking
  • 07.06.2018 10:23 am

Saxo Bank, the leading Fintech specialist focused on multi-asset trading and investment, and Nasdaq, the leading global provider of trading, clearing, exchange technology, listing, information and public company services, today announced a cooperation to launch a new digital investment portfolio in the SaxoSelect universe based on Nasdaq Dorsey Wright research.

The new portfolio, named Nasdaq DW Global Momentum, offers a smart and cost-effective way to invest in a portfolio of 30-40 quality stocks based on the “relative strength” ranking formulated by Nasdaq Dorsey Wright (DW), a provider of investment research, tools and solutions that help investors manage complexity. The portfolio focuses on developed and emerging markets stocks and excludes the U.S.

SaxoSelect is a fully digital and automated trading and investment service that enables clients of Saxo Bank to invest in pre-selected portfolios. The new Nasdaq portfolio complements are a range of more than 28 portfolios, including portfolios based on expertise from Morningstar and BlackRock.

In SaxoSelect, clients have full visibility over each of the stocks in their portfolio and crucially they will own the actual stocks selected by Nasdaq. Positions are followed in real time in a fully transparent investment environment directly through the SaxoTraderGO platform. The portfolio will be automatically rebalanced in guidance with Nasdaq’s research.

Kim Fournais, CEO and founder of Saxo Bank comments:

“We are delighted to partner with Nasdaq and bring Nasdaq Dorsey Wright’s respected research to our clients. By combining our unique trading technology with Nasdaq’s expertise in investment management, we create a strong alternative to more traditional asset management solutions at a very competitive price. We are proud to turn Nasdaq’s research and methodology into actionable investment opportunities.”

“Our SaxoSelect offering is underpinned by the belief that technology will profoundly change the asset management industry. Access to technology, demand for transparency, and focus on performance will change the way individuals manage their savings.”

“The cooperation with Nasdaq also underlines the strength of our facilitator business model: we select the best products and services from the best provider for our clients.”

Jay Gragnani, Head of Research and Client Engagement at Nasdaq Dorsey Wright commented:

“The investment landscape continues to change with developments in technology and this has helped firms to develop scale by combining the complementary strengths of different participants. Our collaboration with Saxo Bank turns our investment strategy into a cost-effective and transparent portfolio offering that can be utilised by a wide range of investors and bring greater transparency and access to markets.”

The portfolio targets high growth, buying momentum stocks via Nasdaq Dorsey Wright’s “relative strength” methodology. Today’s investment process has been refined over the years and Nasdaq Dorsey Wright has been successful with this approach since March 2006. Since then it has

significantly outperformed its benchmark on a gross and net basis (as per GIPS) representing a much more attractive risk-for-return profile. More information on performance and offering in general on the Saxo Bank website: https://www.home.saxo/investor/managed-stock-portfolios.

Initially the Nasdaq DW Global Momentum will be available to institutional and SaxoSelect clients serviced out of the Denmark, U.K. and Singapore regional headquarters.

The annual service for the portfolio is 0.75 percent.

Related News