Saxo launches over 6,000 global funds in the UK

Rick Steves

The assortment features more than 500 equity, 2,000 fixed income, 730 multi-asset, and 160 alternative funds. These cover diverse sectors like biotech, real estate, energy, gold mining, healthcare, technology, and more. Saxo’s competitive edge is marked by zero commission on fund purchases, no platform fee, and low annual custody charges.

Saxo, a prominent fintech specialist in multi-asset trading and investment, has launched its funds offering in the UK today. This new service enables retail investors to access a broad range of investment options.

The funds offering includes over 6,000 global funds from leading fund managers such as Baillie Gifford, BlackRock, Fidelity, Fundsmith, J.P Morgan, and Vanguard.

Over 500 equity, 2,000 fixed income, 730 multi-asset, and 160 alternative funds

The assortment features more than 500 equity, 2,000 fixed income, 730 multi-asset, and 160 alternative funds. These cover diverse sectors like biotech, real estate, energy, gold mining, healthcare, technology, and more. Saxo’s competitive edge is marked by zero commission on fund purchases, no platform fee, and low annual custody charges.

Charlie White-Thomson, CEO of Saxo, highlighted the timing amidst market volatility and geopolitical tensions, and the importance of active management and mutual funds for diversified portfolios, especially in the current economic climate without substantial central bank stimulus.

“The launch of Saxo’s fund offering overlaps a period of significant market volatility and geopolitical tension. I have consistently supported active management including mutual funds as an important part of any well diversified portfolio. We are in a new paradigm for markets following the heavy stimulus of rock-bottom interest rates and the resulting enhanced price performance. In a world where we cannot rely on this industrial scale central bank stimulation, we should tap into some of the finest brains within the asset management world, via funds, to assist and boost performance and help us navigate these volatile financial markets.”

Saxo was established in Copenhagen in 1992 and launched one of Europe’s first online trading platforms in 1998. Today, Saxo operates internationally, offering award-winning investment services. It is a well-capitalized, profitable fintech, fully licensed by the Danish FSA and holding licenses in various jurisdictions.

The platform allows clients to consolidate their investment portfolios, including ISAs and SIPPs, offering a comprehensive investment and trading solution. The company’s ethos, “Get Curious People Invested in the World,” reflects its commitment to enabling clients to maximize their financial potential.

Saxo Bank is now “too big to fail”

Saxo Bank, the parent company of Saxo UK, was officially designated as a Systemically Important Financial Institution (SIFI) by the Danish Financial Supervisory Authority (FSA).

A SIFI is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as “too big to fail”.

“Too big to fail” is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and therefore should be supported by government when they face potential failure.

We saw that theory in practice following the global financial crisis of 2007–2008 as well as earlier this year with the US government intervention of Silicon Valley Bank and Signature Bank.

Critics see the policy as counterproductive and that large banks or other institutions should be left to fail if their risk management is not effective. Some critics, such as former Fed Chair Alan Greenspan, believe that such large organizations should be deliberately broken up: “If they’re too big to fail, they’re too big.”

The company’s role in the financial system is now officially recognized as systemically important, which requires the responsibility of upholding the financial stability and functionality of the financial ecosystem, as well as protecting consumers by adhering to the highest standards.

The SIFI designation categorizes financial institutions that play an important role in ensuring the stability and proper functioning of the financial system.

Saxo Bank supports a growing number of clients, as well as banks, fintechs, brokers, asset managers, and other industry participants who rely on its solidity and stability for their assets and cash as well as its platforms, market facilitation, and advanced technology solutions.

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