Copenhagen-based Retail FX and CFDs broker Saxo Bank has announced the launch of its new funds offering in the UK.
The new offering allows retail investors to trade the full range of investments from short-term instruments such as mutual fund options. Saxo said it has curated a list of more than 6,000 popular global funds from leading fund managers including Baillie Gifford, BlackRock, Fidelity, Fundsmith, JP Morgan and Vanguard. There are over 500 equity, 2,000 fixed income, 730 multi-asset and 160 alternative funds providing exposure to a range of sectors from biotech, consumer staples, real estate, energy, gold, mining, healthcare, industrial and natural resources to technology , telecommunications and utilities.
Saxo added that its fund offering is extremely competitive, allowing users to buy funds with zero commission, no platform fee and annual custodian fees of just 0.4% pa (classic accounts), 0.2% pa (platinum accounts) or 0.1% (VIP accounts) .
Funds form the basis of many client portfolios. With this new offering, clients can seamlessly consolidate their entire investment portfolio, including ISAs and SIPPs, making Saxo’s platform a one-stop destination for many of their investment and trading requirements.
Charlie White-Thomson, CEO of Saxo Markets UK, commented on the announcement:
“The launch of Saxo’s capital offering overlaps with a period of significant market volatility and geopolitical tension. I have consistently advocated active management, including mutual funds as an important part of any well-diversified portfolio. We are in a new paradigm for the markets following the heavy stimulus of low interest rates and the resulting improved price performance. In a world where we can’t rely on this central bank stimulus on an industrial scale, we’re going to have to tap into some of the best brains in the world of asset management, through funds, to help and boost performance and help us to navigate these volatile financial markets.”
Saxo Bank is controlled by Chinese conglomerate Geely.