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Saxo enters robo-advisory fray with BlackRock partnership

Online investment management service sees Danish bank join the list of institutions eyeing opportunities from the emerging technology

SaxoSelect allows the Danish bank's clients to invest in one of three portfolio strategies created by BlackRock and managed by Saxo
SaxoSelect allows the Danish bank's clients to invest in one of three portfolio strategies created by BlackRock and managed by Saxo Photo: Getty Images

Saxo Bank has entered the robo-advisory fray with the help of a prominent buyside ally.

The Danish bank said in a January 20 statement that it had launched an online investment management service for retail investors in partnership with the US-based asset manager BlackRock, becoming the latest established financial institution hoping to capitalise on the emerging technology.

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