Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
SaxoSelect sees 14% increase in AUM despite uncertain economic backdrop in Q3
 

Dubai, UAE, December 17, 2018:  SaxoSelect, the digital service that enables Saxo Bank clients to invest in pre-selected investments, saw a 14% increase in total Assets Under Management (AUM) across all its portfolios, with 10% coming from capital inflows and 4% from investment performance.  The increase in AUM in the current market signals a desire from investors to make their money work, take calculated risk and look for a differentiated offering to traditional portfolios.

Strong performance was also recorded over the third quarter for the range of Managed Trading Strategies, which experienced a 36% increase in AUM. 

The two managed equity portfolios of global stocks, which utilise the strategies and research from world leading experts at Morningstar and most recently, Nasdaq, target strong growth over the medium term. In the third quarter, the Nasdaq DW Global Momentum portfolio enjoyed a significant uptick in capital inflows, pointing to the fact that some investors are looking at the portfolio to access cheaper emerging markets.

SaxoSelect also offers diversified balanced portfolios which utilise Blackrock’s iShares and are based on low cost ETFs for long term investments and savings. The higher risk Multi Asset ETF portfolio range saw growth, with investors once more favouring higher risk profiles, as its AUM grew by 24%. 

Steve Weller, Saxo Bank CEO MENA Region, comments:

“There continues to be a clear investment shift towards our managed Equity Portfolios and our alternative trading strategies, which carry a higher level of risk. In our experience many self-directed investors prefer to buy directly into stocks, which we feel is partly due to greater transparency and availability of information on the underlying companies. This is in contrast to many retail financial services, which often only offer funds.

“We have seen consistent inflows into SaxoSelect this year as we continue to collaborate with some of the best experts in the market in addition to offering proprietary trading strategies for more sophisticated investors. We are providing investors with access to innovative investment opportunities, and we are seeing that self-directed investors are attracted to consistent, strong performance and accept the associated risk. 

“Technology is enhancing our clients’ experience and control, making investing simpler and more transparent, plus reducing costs to benefit our clients. We believe strongly in our partnership model for bringing institutional levels of investment expertise to individual investors. Our SaxoSelect offering is underpinned by the belief that technology will profoundly change the asset management industry. We continue to source and have ongoing discussions with other potential partners to offer clients more portfolios.” 


Posted by : Dubai PR Network Editorial Team
Viewed 4575 times
PR Category : Banking & Investments
Posted on : Monday, December 17, 2018  2:16:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Central Bank Of The UAE Announces New Interest Rates.
Next Story : Union Insurance signs agreement with DEWA to provide exclusi...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Introducing Burberry Bespoke Fragrances [9644-Views]
Making many tones from one [8076-Views]
Celebrate the Month of Love with a Brighter Smile at The Smile Bar [8040-Views]
Longchamp Spring/summer 2019 Show [7350-Views]
A Chaumet Valentine's Day Sentimental jewellery [6954-Views]
Malabar Gold & Diamonds opens a new showroom in Millennium Dubai Airport Hotel to cater to... [6808-Views]
Persil Appoints Nancy Ajram as the new Regional Brand Ambassador [6576-Views]
Tissot PRS 516 Alpine Limited Edition A sporting tribute [6411-Views]
Global Village presents Scheherazade, a timeless tale of intrigue and adventure [6167-Views]
The Preston watch collection by Coach [5832-Views]
Turkish Airlines reached the 80.2% Load Factor in December 2018. [5807-Views]
Tag Heuer Demonstrates Watchmaking Mastery With Its New Carrera Calibre Heuer 02t Tourbill... [5777-Views]
Always take the front row with this 7.2” supersized smartphone screen [5728-Views]
Celebrate Valentine's Day With a Quintessential Timepiece From D1 Milano [5624-Views]
Eberhard & Co. Gilda makes an extraordinary Valentine's Day gift [5575-Views]
Beef Sushi- Love at first bite [5545-Views]
Walid Atallah's “Dream Dress”: The new revolution in the World of Fashion 2019 [5490-Views]
Bollywood Actor Anil Kapoor to inaugurate 2 new outlets of Malabar Gold & Diamonds in UAE ... [5234-Views]
Scuderia Ferrari presents PILOTA Family Collection [5002-Views]
Third Edition of Al Shira'aa International Horse Show Concludes with Thrilling Finale [4886-Views]
HUGO BOSS watches Legacy Casual Family collection [4880-Views]
Luxury jewelry house Dhamani 1969 launches exclusive CHRYSALIS collection [4673-Views]
Nissan Energy demonstration hits the spot [4624-Views]
MALABAR GOLD - DSF Winner Photo for Release - Anandan Ganesh [4404-Views]
Nicole Kidman at the Golden Globe Awards [4337-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories