SaxoSelect Managed Portfolios FAQ

How to invest into a new portfolio

If you have not already done so, you first need to open an account and make sure you have funded it with sufficient funds.

  1. In the platform, click the SaxoSelect Tab.
  2. Next to your chosen portfolio, click the Invest button.
  3. If this is your first time investing with SaxoSelect, you will be asked to complete a suitability assessment specifically relating to portfolio management (Note: this is different from a knowledge assessment, which is required for self-directed investing).
  4. Once completed, you can proceed to the trade ticket where you enter the amount you would like to invest.

 

As an existing client, do I need to open a new account to invest?

No, that is not required. Once you have invested into a managed portfolio, a sub-account dedicated to that portfolio will automatically be created under your existing Saxo account.

Minimum investment amounts

SaxoSelect Balanced Portfolios

USD 30,000

SaxoSelect Morningstar MOAT Portfolio

USD 30,000

SaxoSelect Global StockPicker

USD 20,000

How to top-up

Once you are invested into a managed portfolio, you will see that you cannot click the ‘Invest’ button in the main shopping window, as this is for new investments only. To top up, scroll down to the ‘SaxoSelect Investments’ tab and then select the ‘Manage’ button for your portfolio. Here, you can see that you can ‘Deposit Funds’. This will transfer cash from your main account into your portfolio account, and then automatically invest into the portfolio.

Minimum top-up amount

The minimum amount which you can add to an existing portfolio is USD 5,000 for each SaxoSelect portfolio, as per the respective currency of the portfolio.

How to exit a managed portfolio

In the platform, click on the ‘SaxoSelect Investments’ icon. Here you can press the ‘Stop’ button. Please note that once you exit a portfolio, all positions in the portfolio will be closed.

Also remember, upon closure of all positions, the cash will remain in the portfolio sub-account until you transfer the cash back into your main account.

Partial withdrawals

Partial withdrawals are subject to the minimum investment amount. At present, you can partially withdraw from Global StockPicker.

Unfortunately you cannot partially withdraw from the Balanced Portfolios or Saxo Morningstar Moat Portfolio.

Transfer cash to your main account

In the platform, click on the ‘SaxoSelect Investments’ icon. From here, click the ‘Manage’ button and select the ‘Withdraw Funds’ button.

Remember, when withdrawing you must first stop having your portfolio managed (please refer to the ‘How to exit a managed portfolio’ section).

Minimum investment period

There is no minimum investment period, neither are there any costs to exit the portfolio. That said, it is important to remember that investing is for the long term and typically only recommended if you intend to invest for several years.

Fees

Please click on below links for the respective fees.
Understand how the annual service fee is calculated.
Understand how the performance fee (if applicable) is calculated.

Eligible instruments in the managed portfolios

SaxoSelect Balanced Portfolios

ETFs invested into Fixed Income, Equities and Non-Traditional asset classes

SaxoSelect Morningstar MOAT Portfolio

Global single stocks (ex. Emerging Markets)

SaxoSelect Global StockPicker

Global stock CFDs (ex. Emerging Markets)

Leverage limits

Saxo Global StockPicker makes use of leverage in the investment decisions. The maximum we permit is 3 times leverage, on the total value of the portfolio. We do not impose rules on how leverage can be used for positioning trades, subject to this maximum.

Dividend reinvestment 

For portfolios that receive dividends, any dividends received are kept as cash in the managed portfolio account. When the portfolio is rebalanced (for instance, at quarter-end for the Saxo Morningstar Moat portfolio), the cash is then incorporated in the rebalancing.

Unable to invest into the portfolio

If you are topping up an existing investment, please refer to the ‘How To Top Up’ section.

If this is your first time investing into a SaxoSelect managed portfolio, please note that you must complete a set of suitability questions before investing. You will be prompted to complete this assessment when you click on the ‘Invest’ button and before you reach the purchase ticket.

Once you have completed the suitability questions, you may receive a risk profile that does not match your desired investment. If this is the case, please check that your answers are accurate and contact us if you need clarification. If your answers are accurate, you should consider the managed portfolio inappropriate - the result for suitability result cannot be overwritten.

Alternatively, you may have insufficient funds to invest the minimum or desired amount. If you have sub-accounts that hold your funds, you may need to first transfer funds to your main account, as this is where funds are taken from to invest into your managed portfolio.

Can I dismiss the suitability questions and invest anyway?

In short, no. It is the portfolio manager’s responsibility to ensure that the investment made on your behalf is suitable for you – and the suitability questions are the primary method for such determination.

How can I find out more information about the portfolios?

You can find information on the website, product factsheets (available via the website), portfolio commentaries (also on the website) as well as in the platform for existing customers.

Can I trust the performance statistics of the managed portfolios?

The statistics describing each managed portfolio are based on actual data from real money accounts. Performance returns and drawdown statistics, for example, are calculated on the account value, thereby taking into consideration both closed and open trades.