Saxo Bank Launches Automated Investment Service SaxoSelect in Australia

Saxo Australia, the Australian arm of Copenhagen-based retail FX and CFD trader Saxo Bank, has launched SaxoSelect, a fully digital and automated investment service.

With SaxoSelect, investors can let global asset management experts manage their money according to their preferred investment style. The experts include 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 signigicant 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 Bank account holders. The service has previously been launched in Europe and Asia.