SaxoSelect sees 36% increase in its Managed Trading Strategies AUM despite uncertain economic backdrop in Q3

SaxoSelect sees 36% increase in its Managed Trading Strategies AUM despite uncertain economic backdrop in Q3
10.10.2018 09:36 am

SaxoSelect sees 36% increase in its Managed Trading Strategies AUM despite uncertain economic backdrop in Q3

Banking

SaxoSelect, the digital service that enables clients of Saxo Bank to invest in pre-selected investments, has reported a 36% increase in AUM for its range of Managed Trading Strategies over the third quarter. The sharp increase in riskier investment strategies comes despite an uncertain economic background throughout the quarter. 

SaxoSelect saw a 14% increase in total AUM across all of its portfolios, with 10% coming from capital inflows and 4% from investment performance.  The increase in AUM in the current market signals a desire from investors to make their money work, take calculated risk and look for a differentiated offering to traditional portfolios.

The two managed Equity Portfolios of global stocks, which utilise the strategies and research from world leading experts at Morningstar and most recently, Nasdaq, target strong growth over the medium term. In the third quarter, the Nasdaq DW Global Momentum portfolio enjoyed a significant uptick in capital inflows, pointing to the fact that some investors are looking at the portfolio to access cheaper emerging markets.

SaxoSelect also offers diversified Balanced Portfolios which utilise Blackrock’s iShares and are based on low cost ETFs for long term investments and savings. The higher risk Multi Asset ETF portfolio range saw growth, with investors once more favouring higher risk profiles, as its AUM grew by 24%.

Kieran Phyo, Head of SaxoSelect, comments:

“There continues to be a clear investment shift towards our managed Equity Portfolios and our alternative Trading Strategies, which carry a higher level of risk. In our experience many self-directed investors prefer to buy directly into stocks, which we feel is partly due to greater transparency and availability of information on the underlying companies. This is in contrast to many retail financial services, which often only offer funds.

“We have seen consistent inflows into SaxoSelect this year as we continue to collaborate with some of the best experts in the market in addition to offering proprietary trading strategies for more sophisticated investors. We are providing investors with access to innovative investment opportunities, and we are seeing that self-directed investors are attracted to consistent, strong performance and accept the associated risk. 

“Technology is enhancing our clients’ experience and control, making investing simpler and more transparent, plus reducing costs to benefit our clients. We believe strongly in our partnership model for the purpose of bringing institutional level of investment expertise to individual investors. Our SaxoSelect offering is underpinned by the belief that technology will profoundly change the asset management industry. We continue to source and have ongoing discussions with other potential partners to offer clients more portfolios.”

Related News

Finastra Recognized as a Global Fintech Leader for Second Year Running

Finastra has been named a global power seller in banking platform deals for the second year running. The research, "... Read more »

Wolters Kluwer Wins Risk Magazine’s Prestigious Regulatory Reporting Award

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has won a major award from Risk magazine. For the second year running its ... Read more »

NatWest Launches New Digital Account Opening Journey Powered by HooYu

NatWest is the first high street bank to enable customers to open an account in minutes using a selfie and photo ID to verify who they are.

Using state of the art AI,... Read more »

Video Banking Helps Banks Extend Financial Services to New Locations

Video banking technology provides banks with the ability to extend their services to more customers at a lower cost than full-service branches

Another banking... Read more »

Silicon Valley Bank Serves As Lead Arranger For £50 Million Financing For Draper Esprit

Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses and their investors, today announced that it led a... Read more »

Tata Consultancy Services Announced that KGI Bank Deployed TCS BaNCS for its Next Phase of Growth

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that its customer, KGI Bank in... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel