Saxo Bank Partners with Brown Advisory to Offer ESG Equity Portfolio

saxo bank
Saxo Bank

Denmark based retail trading firm, SAXO Bank on Monday announced the partnership with Brown Advisory to provider traders with access to the selection of “ethical stocks”.

The new portfolio of ethical stocks will be available to trade on Saxo Bank’s SaxoSelect platform: a digital-only investment service allows the firm’s client to invest in pre-selected portfolios. The SaxoSelect platform currently offers access to only Nasdaq, Morningstar, and BlackRock funds.

Based in Baltimore, Brown Advisory is an investment management firm that serves both private and institution level clients. The partnership with Saxo Bank will the group’s first set of retail traders outside of the US to gain access to Brown’s Ethical Selection portfolio. 

In the ethical selection portfolio, traders will not be trading in contracts-for-difference. Instead, they will be owning the equities listed in Brown’s portfolio. The portfolio is aimed at tapping the growing interest in ethical investments by traders. The funds look for the environmental, social and governance attributes of a company while selecting a stock. Brown has its own set of criteria and rules to select companies to create added value for investors.

Saxo Bank, Chief Executive Officer and Founder, Kim Fournais commented:

“More investors want their portfolios to better reflect their personal beliefs and realise that it is through their investments they can have the biggest impact on the world. Our investments give us a strong voice and unique opportunity to influence and deliver real impact in the world we live in.”

Tim Hathaway, portfolio manager for Brown’s ethical selection strategy also added:

“The Brown Advisory Ethical Selection strategy incorporates a multi-step ESG analysis that goes beyond negative screening, to create a concentrated portfolio of high-conviction names that we believe should provide attractive risk-adjusted returns over time.”