Saxo has collaborated with reputable asset managers such as BlackRock, Morningstar and Brown Advisory, to provide high quality investment expertise. Each portfolio caters for 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.
How do I invest in SaxoSelect?
If you haven’t already done so, you’ll need to open a Saxo account then follow these steps:
- Open the platform and click the SaxoSelect tab under Trading
- If this is your first time with SaxoSelect, you’ll need to complete a set of suitability questions (this is different to 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.
Can I dismiss the suitability questions and invest anyway?
No. It is the portfolio manager’s responsibility to ensure that the investment made on your behalf is suitable for you – and the suitability questions are the primary method for such determination.
Can I retake SaxoSelect suitability questionnaire?
Yes. When completing your suitability profile, we ask you a number of questions to better understand your knowledge, experience, risk appetite and financial situation. If you disagree with the risk profile assigned to your account, you can re-take the suitability profile another two times within a three month period.
What managed portfolios can I invest in?
We have a variety of equity and ETF portfolios which 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 home page.
Are Trading Strategies available for everyone?
Trading Strategies are classified as very high risk and make use of complex instruments. A suitability questionnaire must be taken to ensure your profile is aligned and that you have sufficient experience in the instruments traded.
What are the trading Strategies (Macro Discretionary and Macro Fx?)
There are two trading strategies offered by Saxo UK. They are very high risk portfolios and are suited only to clients with a very high risk appetite. Both strategies concentrate on short term price movements across derivative products including Fx, commodities and indices.
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 to exploit short term price movements across different asset classes. In addition, the trading strategies charge a quarterly performance fee for positive return above the high-water mark.
Read more on how the performance fee is calculated here.
Equity and ETF portfolios are longer term and will change positions less frequently, thereby incurring less trading costs.
How do I top up my SaxoSelect investment?
Once you have invested into a managed portfolio, to top up (make additional investments), scroll down to the SaxoSelect Investments tab and then select the Manage button for your portfolio. Here, you can see that you can ‘Invest more’. This will transfer cash from your main account into your portfolio account, and then automatically invest into the portfolio.
In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Invest More
In SaxoTraderPRO: Click ADD MODULE > SaxoSelect Investments > Manage > Invest More
Minimum top-up amount
The minimum amount which you can add to an existing portfolio is USD 5,000 or EUR 5,000 for each SaxoSelect portfolio, as per the respective currency of the portfolio.
How do I withdraw my SaxoSelect investment?
For partial withdrawals:
In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Partially Withdraw Funds
In SaxoTraderPRO: Click ADD MODULE > SaxoSelect Investments > Manage > Partially Withdraw Funds
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 Funds
- In SaxoTraderPRO: Click ADD MODULE > SaxoSelect Investments > Manage > Withdraw Funds
Are partial withdrawals allowed?
Partial withdrawals are allowed but only if the account value is above the min investment size. For example, if you invest EUR 11,000 in a portfolio that has a min investment size of 10,000 and the account value drops to 9,500, you can’t partially withdraw any amount until the account value is above the min investment size.
How can I find out more information about the portfolios?
You can find information on the website, product factsheets (available via the website), portfolio commentaries (also on the website) as well as in the platform for existing customers.
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 for 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 are no custody fee for any SaxoSelect portfolio or trading strategies.
Where can I view performance figures?
For performance history, please go to our home page.
On the platform, you can view the complete performance of each portfolio and strategy over daily, monthly and yearly basis after completing the suitability questionnaire.
How to exit a managed portfolio
In the platform, click on the SaxoSelect Investments icon. Here you can press the Stop button. Please note that once you exit a portfolio, all positions in the portfolio will be closed.
Also note that upon closure of all positions, the cash will remain in the portfolio sub-account until you transfer the cash back into your main account.
Transfer cash to your main account
In the platform, click on the SaxoSelect Investments icon. From here, click the Manage button and select the Withdraw Funds button.
Remember, when withdrawing you must first stop having your portfolio managed (Refer to How to exit a managed portfolio).
For portfolios that receive dividends, any dividends received are done distributed to kept as cash in the managed portfolio account. When the portfolio is rebalanced (for instance, at quarter-end for the Saxo Morningstar Moat portfolio), the cash is then incorporated in the rebalancing to purchase securities.
Unable to invest into the portfolio
If you are topping up an existing investment, please refer to How do I top up my SaxoSelect investment?
If this is your first time investing into a SaxoSelect managed portfolio, please note that you must complete a set of suitability questions before investing. You will be prompted to complete this assessment when you click on the ‘Invest’ button and before you reach the purchase ticket.
Once you have answered all the questions, you may receive a risk profile that does not match your desired investment. If this is the case, please check that your answers are accurate and contact us if you need clarification.
Alternatively, you may have insufficient funds to invest the minimum or desired amount. If you have sub-accounts that hold funds, you may need to first transfer funds to your main account, as this is where funds are taken from to invest into your managed portfolio.