Saxo has collaborated with reputable asset managers such as BlackRock, Morningstar, and Brown Advisory, to provide high-quality investment expertise. Each portfolio caters to a different risk appetite, ranging from low to very high, and follows an investment strategy suited to your goals and profile. You will have full transparency and control meaning you can monitor your investments 24 hours a day through Saxo’s platform and withdraw at any time for no extra cost.
What is SaxoSelect?
Before you read more in this article, please watch this video for an introduction to SaxoSelect:
How do I invest in SaxoSelect?
If you haven’t already done so, you’ll need to open a Saxo account and then follow these steps:
- Open the platform and click SaxoSelect under Trading or Markets if you are in SaxoInvestor.
- If this is your first time with SaxoSelect, you’ll need to complete a set of suitability questions (this is different from an appropriateness test, which relates to self-directed investing). The test will determine your risk profile and which portfolios are suitable for you.
- Open the relevant portfolio/strategy card on the trading platform
- Click the Invest button, next to your chosen portfolio
Once you have invested in a portfolio, a sub-account dedicated to this portfolio will automatically be created under your existing Saxo account.
SaxoSelect portfolios are fully transparent, you will be able to view your holdings under the Positions section on SaxoTraderGO or the Portfolio tab in SaxoInvestor.
What managed portfolios can I invest in?
We have a variety of equity and ETF portfolios that are built for different investment goals and market exposures. You can only invest in portfolios that are suitable for you and match your risk profile. To find out more about the portfolios, please visit our UK website.
What are the trading strategies?
Trading strategies are actively managed long and short trading portfolios which are suitable for clients with a very high tolerance for risk. These portfolios enable investment across various derivative and security products such as bonds, CFDs, Futures, Foreign Exchange, Commodities, and Indices. Trading strategies capitalize on the volatile nature of derivative products, taking advantage of both upward and downward market movements. To access these strategies, completion of the SaxoSelect suitability profile is required, and only investors with an appropriate risk appetite will be eligible to invest.
Why are the fees higher for trading strategies compared to Equity and ETF portfolios?
The trading strategies have a far higher trading frequency than equity and ETF portfolios. This is because the trader’s aim is to exploit short-term price movements across different asset classes. In addition, the trading strategies charge a quarterly performance fee for positive returns above the high-water mark.
Read more on how the performance fee is calculated here.
Equity and ETF portfolios are long-term and will change positions less frequently, thereby incurring fewer trading costs.
How do I Top up my SaxoSelect investment?
In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Invest More
In SaxoTraderPRO: Click Add Module > SaxoSelect Investments > Manage > Invest More
How do I withdraw my SaxoSelect investment?
For partial withdrawals:
In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Withdraw money
In SaxoTraderPRO: Click Add Module > SaxoSelect Investments > Manage > Withdraw money
Note, as partial withdrawal you can only withdraw money indicated under Available funds to withdraw
For full withdrawals you need to stop the portfolio:
- In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Stop
- In SaxoTraderPRO: Click Add Module > SaxoSelect Investments > Manage > Stop
After the portfolio has been stopped you can withdraw the full amount as follows:
- In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Withdraw money
- In SaxoTraderPRO: Click Add Module > SaxoSelect Investments > Manage > Withdraw money
How to exit a managed portfolio?
To exit a SaxoSelect portfolio:
- Access the SaxoSelect Investments tab within the platform.
- Locate the portfolio you wish to exit and click the Stop button.
- Upon exiting the portfolio, you will have the option to either retain your existing positions or sell all positions.
- Any remaining cash will stay in your SaxoSelect sub-account until you initiate a transfer to your main account.
How can I learn more on SaxoSelect?
Please speak to your account manager, email digitalsalesuk@saxomarkets.com or ring the team directly on 02071512104. To gain a deeper understanding of the investment philosophy of each portfolio and trading strategy, we recommend reading a quarterly commentary found on our UK website.
What is the minimum holding period in SaxoSelect?
Although there is no minimum holding period, it is generally recommended to invest for a medium to long-term horizon.
What are the costs of investing in SaxoSelect?
All fees can be identified on the portfolio cards under SaxoSelect in the trading platform. For Equity and ETF portfolios, charges is range from 0.95% - 1.6% per year.
For trading strategies, the fees which include a service cost, transaction-related costs, and performance fee vary with the trading activity level as well as the strategy’s performance.
Read more on how the performance fee is calculated here.
For the most current estimate of the trading strategies’ fees, please review the disclosure on the platform or alternatively check out the product sheets.
Read more about SaxoSelect service fees here.
There is no custody fee for any SaxoSelect portfolio or trading strategies.
Where can I view performance figures?
For performance history, please go to our UK Website.
On the platform, you can view the complete performance of each portfolio and strategy on a daily, monthly, and yearly basis after completing the suitability questionnaire.
*If your ESG preferences are not in line with the selected portfolio, the only option that you see under Manage is Stop. It means you would not be able to invest more in that portfolio or withdraw your funds partially. You can only leave your portfolio as it is, stop it, or re-take the suitability test.