Saxo Capital Markets, a subsidiary of Denmark’s Saxo Bank, has introduced its automated investment service SaxoSelect in Asia.
The service offers users access to five investment portfolios. These include three balanced portfolios with different risk levels, which will be managed by Saxo in collaboration with BlackRock. The portfolios will help investors gain access to fixed income, developed and emerging equity along with other asset classes.
The firm will also manage an equity portfolio in partnership with Morningstar Investment Management Europe.
The launch of SaxoSelect in Asia comes following its roll-out in Europe in January 2016.
Saxo Capital Markets CEO for Asia Pacific said: “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.”