DZ Bank lists three passive UCITS ETFs on HANetf

DZ Bank has launched three passive UCITS exchange-traded funds on HANetf’s issuance platform and listed them on the Xetra exchange in Germany. The funds trade under the tickers DZUS, DZMW and DZEU.

DZUS (ISIN IE000DN1DKF8) tracks the S&P 500 Index and has a total expense ratio of 0.17 percent. According to DZ Bank, the fund offers exposure to a diversified portfolio of large publicly listed U.S. companies through index replication.

DZMW (ISIN IE000B5MAME7) aims to replicate the MSCI World Index and carries a TER of 0.15 percent. DZ Bank describes the fund as providing access to equities in developed markets globally via passive replication.

DZEU (ISIN IE000LOAUP03) follows the EURO STOXX 50 Index and has a TER of 0.15 percent. DZ Bank describes the ETF as offering exposure to large companies in the Eurozone through index replication.

All three funds are structured as UCITS ETFs and seek to mirror the performance of their respective indices before fees and costs. They are available for trading on Xetra during market hours and can be distributed across EU markets under the UCITS passport. Fund documentation sets out each product’s objective, fees and how performance is reported net of expenses.