Deka, the German asset manager, has expanded its range with the launch of the Deka Nasdaq-100 UCITS ETF (D6RH). Listed on Deutsche Boerse and the Stuttgart Stock Exchange, this ETF offers a competitive total expense ratio (TER) of 0.25%. The fund follows a full replication strategy to track the Nasdaq 100 index, which is composed of the largest non-financial technology companies in the United States. The Nasdaq 100 index has demonstrated strong performance this year, returning 39.2%, driven by the surge in artificial intelligence stocks.
In July, the index underwent a “special rebalance” to address the dominance of certain tech giants. Deka’s head of ETF product management, Thomas Pohlmann, highlighted the global presence and high-yield potential of US technology stocks, making the Deka Nasdaq-100 UCITS ETF a cost-effective and transparent option for investors.
While there are existing Nasdaq 100 ETFs on the market, Deka’s D6RH offers competitive pricing compared to some of the larger funds, undercutting the TERs of the iShares Nasdaq 100 UCITS ETF and the Invesco EQQQ Nasdaq-100 UCITS ETF. The lowest-cost option in the market is the AXA IM Nasdaq 100 UCITS ETF with a TER of 0.14%. This ETF launch follows Deka’s introduction of the Deka iBoxx MSCI ESG EUR Corporates Green Bond UCITS ETF in August, expanding the asset manager’s ETF offerings.