Saxo takes fund management online

"Normally you wouldn’t get into any fund without substantial investment -- and tying your funds up for a long time," explained Kim Fournais, co-chief executive officer at Saxo Bank in Copenhagen. Potential investors may buy shares in the fund, with a minimum outlay of $1,000 -- the cost of one unit. Added Lars Christensen, also co-chief executive officer at the bank: "There is no minimum time period. You can buy now and sell in five minutes’ time."

The fund is likely to attract investors who have