Saxo Bank and Nasdaq have partnered to launch a new digital investment portfolio within SaxoSelect, based on Nasdaq Dorsey Wright (DW) research.
Nasdaq DW is a provider of investment research, tools and solutions that help investors manage complexity.
The new portfolio, named Nasdaq DW Global Momentum, offers clients investment in a portfolio of 30-40 quality stocks based on the “relative strength” ranking.
The portfolio focuses on developed and emerging markets stocks and excludes the US.
SaxoSelect is a digital and automated trading and investment service that enables clients of Saxo Bank to invest in pre-selected portfolios.
In SaxoSelect, clients have full visibility over each of the stocks in their portfolio, they will own the actual stocks selected by Nasdaq.
Positions are followed in real time in a fully transparent investment environment directly through the SaxoTraderGO platform. The portfolio will be automatically rebalanced in guidance with Nasdaq’s research.
Kim Fournais, CEO and founder of Saxo Bank, said: “By combining our unique trading technology with Nasdaq’s expertise in investment management, we create a strong alternative to more traditional asset management solutions at a very competitive price.”
He added: “Our SaxoSelect offering is underpinned by the belief that technology will profoundly change the asset management industry. Access to technology, demand for transparency, and focus on performance will change the way individuals manage their savings.”
Jay Gragnani, head of research and client engagement at Nasdaq DW, commented: “The investment landscape continues to change with developments in technology and this has helped firms to develop scale by combining the complementary strengths of different participants.”
He added: “Our collaboration with Saxo Bank turns our investment strategy into a cost-effective and transparent portfolio offering that can be utilised by a wide range of investors and bring greater transparency and access to markets.”
.jpg)