The Copenhagen-headquartered bank is launching ETF-based investment portfolios using research data from BlackRock.

Saxo Bank has partnered with BlackRock to offer a digital and automated portfolio management service to retail investors, allowing them to make real-time investments in pre-selected strategies.

The SaxoSelect service, which is aimed at long-term investors, consists of three portfolios with different levels of risk – defensive, moderate and aggressive. The portfolios, which will be managed by Saxo Bank, will invest in BlackRock's iShares exchange-traded funds.

Initially available in the euro and sterling, the portfolios are set for launch in selected European markets, starting with Denmark, Finland, Italy, Norway, Netherlands and Sweden. They will carry an annual service fee of 0.9 per cent.

“This initiative is underpinned by the belief that technology will profoundly change the asset management industry,” said Kim Fournais, Saxo Bank’s chief executive.  

“Access to technology, demand for transparency, and focus on performance will change the way individuals manage their savings. By combining our leadership in trading technology with BlackRock’s investment tools, we are shaping the future of how people invest.”