Defiance expands UCITS range

HANetf has announced the launch of Defiance Mag7 UCITS ETF (ticker: MAGZ).

The ETF provides exposure to the “Magnificent 7” (Mag7) which comprises Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. 

The seven constituents are equally weighted and rebalanced monthly, so each company starts every month at roughly one seventh of the portfolio, allowing each company to exert similar influence on returns. If any single constituent grows beyond 35 per cent of the index, or two or more constituents each exceed 20 per cent, a special rebalance restores equal weights within two trading days.

The firm writes that the result is a focused, transparent portfolio of the companies that have come to define the AI, cloud, and consumer technology cycle, delivered with the daily transparency and physical replication of the UCITS framework. MAGZ is Europe’s first Mag7 ETF, the firm writes. 

“The Mag7 have grown into the dominant force in US equities, with a combined market capitalisation of nearly USD24 trillion in October 2026, around 34 per cent of the S&P 500. The ETF isolates these seven businesses in a single trade, without the 493 other companies in a broad index fund.”

Sylvia Jablonski, CIO of Defiance ETFs, says: “We are excited to bring the Magnificent Seven to European investors in a single, equal-weighted UCITS ETF, the first of its kind in Europe. These seven companies now account for roughly a third of the S&P 500 and sit at the chokepoints of AI, cloud, advertising, devices and autonomy, yet most investors hold them only through a broad index, at weights set by market capitalisation. With MAGZ, every one of the seven starts each month with the same weight, so you own the group, not just whichever name has run the hardest. We are proud to continue expanding our UCITS range alongside HAN.”

Hector McNeil, Co-Founder and Co-CEO of HANetf, says: “We are delighted to partner with Defiance on the launch of Defiance Mag7 UCITS ETF (ticker: MAGZ), building on the strong momentum of its European range. Since entering the UCITS market in March, Defiance has expanded to six ETFs and attracted over USD240 million in assets, demonstrating investor appetite for its distinctive approach to thematic investing.”