Saxo Bank Teams Up With BlackRock to Offer European ETF Portfolios

The portfolios are managed by Saxo Bank, utilizing research data from BlackRock that are subsequently invested in iShares ETFs.

Saxo Bank has launched a digitized investment solution geared for retail investors that is comprised of iShares exchange-traded-funds (ETFs) via BlackRock, named SaxoSelect, according to a Saxo Bank statement.

The composition of SaxoSelect investment portfolios include BlackRock ETFs that are garnered from a multitude of European markets, including Denmark, Finland, Italy, Norway, Netherlands and Sweden – the utility is slated to launch in Q1 2016.

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In addition, the SaxoSelect service caters to long-term investors with a multi-variant level of risk associated with each portfolio, i.e. Defensive, Moderate, and Aggressive. The portfolios themselves are managed by Saxo Bank, utilizing research data developed and provided by BlackRock that are subsequently invested in iShares ETFs. The positions are available in select currencies, which will eventually splinter off from a euro and pound sterling-denominated option to eventually include others.

According to Kim Fournais, Saxo Bank’s Chief Executive Officer (CEO) in a recent statement on the launch of SaxoSelect: “This initiative 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. By combining our leadership in trading technology with BlackRock’s investment tools, we are shaping the future of how people invest.”

“The growth of the European ETF market shows no sign of abating, but it is paramount that these tools are delivered to investors in a way that complements their digital habits. We remain focused on ensuring service providers like Saxo have the relevant building blocks at their fingertips to construct diversified investment solutions for investors,” added Michael Gruener, Co-Head of iShares EMEA Sales at BlackRock in an accompanying statement.

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