SaxoSelect has announced that, in the second quarter of 2018, its growth and risk-on managed portfolios have seen an increase of 43 percent in net capital flows. SaxoSelect is a digital and automated investment service that allows clients of Saxo Bank to invest in pre-selected portfolios.
In fact, Saxo reported that it has seen substantial net capital inflows across the complete SaxoSelect portfolio range. According to the statement, total assets under management for the second quarter of this year was double the first quarter.
The net capital inflows of the two Equity Portfolios of global stocks jumped by a notable 166% in the second quarter. This is when compared to the first quarter of 2018. The Equity Portfolios utilize the strategies and research from experts at Morningstar and more recently, Nasdaq. The portfolios target strong growth over the medium term.
Trading Strategies, another group of portfolios managed by experienced traders, have also enjoyed net capital inflows. This type of portfolio carries a higher risk and focuses on alternative trading styles.
Investment shift
Kieran Phyo
Source: LinkedIn
Commenting on the results, Kieran Phyo, Head of SaxoSelect, said: “there has been a clear investment shift towards our global stock portfolios and we believe this is as a result of self-directed retail investors wanting to maintain the high returns they have enjoyed in recent years. Whilst retail capital generally flows into funds, we find that the self-direct investor prefers to buy directly into stocks, which we feel is partly due to much greater transparency."
“We’ve seen consistent inflows in SaxoSelect so far this year. This is because we have continued to collaborate with some of the best experts in the market in addition to offering unique trading strategies for more sophisticated investors. We are giving more and more clients access to actionable investment opportunities, and the trend that we are seeing is that self-directed investors are attracted to consistent, strong performance and accept the associated risk.”
