The firm has launched a UCITS exchange-traded fund (ETF) offering equally weighted exposure to the Magnificent Seven stocks, expanding its European range through HANetf.

Defiance ETFs has launched the Defiance Mag7 UCITS exchange traded fund (ETF) in Europe in partnership with HANetf. The fund trades under the ticker MAGZ and provides exposure to Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla. The fund has a total expense ratio (TER) of 0.39%  The ETF gives each of the seven stocks an equal weighting, rather than allocating holdings based on market capitalisation. The portfolio is rebalanced monthly to maintain equal exposure. If