Saxo Capital Markets has just announced that the company is extending its automated investment service product offering to Asia. The company partnered with BlackRock in the beginning of last year to deliver to its growing customer base an affordable way into asset allocation techniques used by one of the world’s largest asset allocation specialists.
The SaxoSelect product that was born out of the partnership is fully digital and automated. Clients of Saxo Capital Markets can access the solution via its trading platform.
Three options for asset allocation are available to the clients of the Danish bank – defensive, moderate and aggressive. The exposure to the market is realised via iShares ETFs that are diligently selected by BlackRock.
Passive investing has become something of a theme in the recent decade as exchange traded funds have gained increasing traction. While hedge fund managers have been underperforming in the broader indices, retail investors have been gaining exposure to the market via index funds and ETFs.
Commenting on the launch, the CEO of Saxo Capital Markets in the Asia Pacific region, Adam Reynolds, said: “In line with our strategy of being a facilitator in global capital markets, we want to ensure that our clients have access to the best products and the best services from the best global providers.”
“The speed of adoption of fintech in Asia is much faster than in other regions globally and Saxo is at the forefront, shaping how people invest in the future. With SaxoSelect, Asian retail investors are able to access a wider range of curated investment portfolios available on the Saxo platform,” he explained.