Saxo launches funds offering in the UK
29 November 2023 UK
Image: jirsak
Saxo, a fintech specialist focused on multi-asset trading and investment, has announced the UK launch of its funds offering.
Retail investors can now trade the full width of the investment spectrum from short term instruments like options to funds, providing a list of more than 6,000 global funds from fund managers including J.P. Morgan and BlackRock.
There are over 500 equity, 2000 fixed income, 730 multi-asset and 160 alternative funds providing exposure to a range of sectors from biotech to telecommunications.
This allows users to buy funds with zero commission, no platform fee and annual custody charges of only 0.4 per cent p.a. (classic accounts), 0.2 per cent p.a. (platinum accounts) or 0.1 per cent (VIP accounts).
Saxo’s platform aims to enable clients to consolidate their investment portfolio, including ISAs and SIPPs, into one place.
Charlie White-Thomson, CEO of Saxo, says: “The launch of Saxo’s fund offering overlaps a period of significant market volatility and geopolitical tension. I have consistently supported active management including mutual funds as an important part of any well diversified portfolio.
“We are in a new paradigm for markets following the heavy stimulus of rock-bottom interest rates and the resulting enhanced price performance. In a world where we cannot rely on this industrial scale central bank stimulation, we should tap into some of the finest brains within the asset management world, via funds, to assist and boost performance and help us navigate these volatile financial markets.”
Retail investors can now trade the full width of the investment spectrum from short term instruments like options to funds, providing a list of more than 6,000 global funds from fund managers including J.P. Morgan and BlackRock.
There are over 500 equity, 2000 fixed income, 730 multi-asset and 160 alternative funds providing exposure to a range of sectors from biotech to telecommunications.
This allows users to buy funds with zero commission, no platform fee and annual custody charges of only 0.4 per cent p.a. (classic accounts), 0.2 per cent p.a. (platinum accounts) or 0.1 per cent (VIP accounts).
Saxo’s platform aims to enable clients to consolidate their investment portfolio, including ISAs and SIPPs, into one place.
Charlie White-Thomson, CEO of Saxo, says: “The launch of Saxo’s fund offering overlaps a period of significant market volatility and geopolitical tension. I have consistently supported active management including mutual funds as an important part of any well diversified portfolio.
“We are in a new paradigm for markets following the heavy stimulus of rock-bottom interest rates and the resulting enhanced price performance. In a world where we cannot rely on this industrial scale central bank stimulation, we should tap into some of the finest brains within the asset management world, via funds, to assist and boost performance and help us navigate these volatile financial markets.”
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