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.
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.
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 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 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 longer-term and will change positions less frequently, thereby incurring fewer 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
In SaxoInvestor: Click Portfolio > Overview > Managed Portfolios > 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 > Withdraw money
In SaxoTraderPRO: Click Add Module > SaxoSelect Investments > Manage > Withdraw money
In SaxoInvestor: Click Portfolio > Overview > Managed Portfolios > 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
- In SaxoInvestor: Click Portfolio > Overview > Managed Portfolios >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
- In SaxoInvestor: Click Portfolio > Overview > Managed Portfolios > Manage > Withdraw money
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 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 are no custody fees 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 on a daily, monthly, and yearly basis after completing the suitability questionnaire.
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.
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 money 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 distributed to be 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 in 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 in 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.