Saxo Australia Introduced Automated Investment Service SaxoSelect

Saxo Australia, the Australian unit of Copenhagen-based multi-asset trading and investing platform Saxo, has introduced SaxoSelect, a fully digital and automated investment service.

The new offering lets investors have their their money managed by global investment management experts based on their preferred investment style, including Blackrock, Brown Advisory, MorningStar, Nasdaq and MacroFX.

"Access to world-leading managed portfolios and international diversification, alongside total transparency and control, is something we believe that more investors need and what Saxo is here to offer," said Adam Smith, CEO of Saxo Australia.

"SaxoSelect is about truly expert wealth management at a much more affordable price. We have already seen significant interest in the service during the soft launch phase, and we believe we can enable more Australians to take control of their financial future and make more from their money," he continued.

SaxoSelect is only available to Saxo account holders. It has previously rolled out in Europe and Asia.

Earlier this month, Fazzaco reported that Saxo Bank unveiled an ongoing decline in its total trading volume for February 2023​. The figure dropped 4.2 percent from the prior month’s $375.6 billion to $359.8 billion, and slumped 14 percent on a yearly basis.