Risk considerations
Investors should note that the Xtrackers ETFs & ETCs are not capital protected or guaranteed and investors in each Xtrackers ETF or ETC should be prepared and able to sustain losses up to the total capital invested. The value of an investment in an Xtrackers ETF or ETC may go down as well as up and past performance does not predict future returns. Investment in Xtrackers ETFs or ETCs involve risks. For a list of related risks please click on the Risks and Terms tab.
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DWS launches Xtrackers equity ETF on European global market leaders following index change
9/26/2025
Xtrackers MSCI Europe Consumer Discretionary Screened UCITS ETF will change to Xtrackers Stoxx European Market Leaders UCITS ETF
The new reference index offers investment opportunities in European companies regarded as global market leaders based on revenue
For further information, please contact:
DWS is changing the reference index and corresponding fund name for one of its sector ETFs on European consumer discretionary equities. Starting today, the Xtrackers MSCI Europe Consumer Discretionary Screened UCITS ETF (ISIN: IE00BNKF6C99) will track the STOXX Europe Total Market Leaders Index. Its name will therefore change to Xtrackers Stoxx European Market Leaders UCITS ETF. The ISIN remains unchanged. The fund will continue to pursue a direct investment policy and physically replicate the shares of the reference index. With the index change, the annual management fee will rise to 0.25 per cent from the previous 0.17 per cent.
The new reference index is based on the STOXX Global Total Market Index and reflects the performance of 40 large-, mid- and small-cap companies headquartered in Europe. The common feature of these companies is that they are considered global market leaders in their segments measured by revenue and by showing above-average profitability compared with peers. Each index constituent is capped at a maximum weighting of 4.5 per cent. The new reference index will not apply ESG screenings.
‘Market leaders stand out in their sector over the long term thanks to sustainable competitive advantages and above-average corporate results. An index portfolio can therefore be a useful addition to a well-balanced investment strategy – particularly at a time when many of our investors are looking to give Europe a greater weighting,’ says Simon Klein, Global Head of Xtrackers Sales.
Product information
| Previous ETF Name | New ETF Name | Previous Index | New Index | TER p.a. (previous) | TER p.a. (new) |
|---|---|---|---|---|---|
| Xtrackers MSCI Europe Consumer Discretionary Screened UCITS ETF | Xtrackers Stoxx European Market Leaders UCITS ETF | MSCI Europe Consumer Discretionary Screened 20-35 Select Index | STOXX Europe Total Market Leaders Index | 0.17% | 0.25% |
Source: DWS, as of 25/09/2025
Risks of ETFs include, among others, the following:
- The value of ETF shares may be negatively impacted by legal, economic, or political changes, market volatility, and/or fluctuations in the assets of the sub-fund and/or the underlying index.
- The value of ETF shares may fall below the purchase price, leading to losses. Currency fluctuations may also adversely affect value.
- ETFs are not capital-protected. Share values may fall as well as rise. Past performance is not a reliable indicator of future performance.
- There is no guarantee that a specific redemption amount will be paid at maturity. Redemption values may fall below the original investment. Investors must be prepared to bear losses up to the total investment amount.
About the DWS Group
DWS Group (DWS), with EUR 1,010bn of total assets under management (as of 30 June 2025), is a leading European asset manager with global reach. With approximately 4,800 employees in offices around the world, DWS offers individuals, institutions and large corporations access to comprehensive investment solutions and bespoke portfolios across the full spectrum of investment disciplines. Its diverse expertise in Active, Passive and Alternative asset management enables DWS to deliver targeted solutions for clients across all major liquid and illiquid asset classes.
This document is a marketing communication. Investors should read the prospectus and the Key Information Document (KID) before making an investment decision.
Important information
DWS is the brand name under which DWS Group GmbH & Co. KGaA and its subsidiaries conduct their business. The legal entities responsible for offering DWS products or services are identified in the relevant documents.
The information contained in this document does not constitute investment advice.
Full details of the funds, including all risks and costs, can be found in the current version of the relevant sales prospectus. This prospectus and the ‘Key Information Document (KID)’ constitute the only binding sales documents for the funds.
Investors can obtain these documents, including regulatory information and the current constitutional documents, in German from DWS Investment GmbH, Mainzer Landstraße 11-17, 60329 Frankfurt am Main and, in the case of Luxembourg funds, from DWS Investment S.A., 2, Boulevard Konrad Adenauer, L-1115 Luxembourg, free of charge in writing or electronically in the relevant languages at: www.dws.de for Germany and https://funds.dws.com for Austria and Luxembourg and for passive investments www.etf.dws.com
A summary of investor rights for investors in passive products is available at (Germany – German) https://etf.dws.com/de-de/ueber-uns/umgang-mit-beschwerden-etfs (Austria – German) https://etf.dws.com/de-at/ueber-uns/umgang-mit-beschwerden-etfs (Luxembourg – English) https://etf.dws.com/en-lu/about-us/how-to-complain-etfs The management company may decide to cease distribution at any time.
Forecasts are not a reliable indicator of future performance. Forecasts are based on assumptions, estimates, opinions and hypothetical models or analyses that may prove to be inaccurate or incorrect.
Performance is calculated in accordance with the BVI Bundesverband Investment und Asset Management e.V. method, i.e. without taking into account any front-end load.
More detailed tax information is provided in the sales prospectus. Past performance is not a reliable indicator of future performance.
All opinions expressed are those of DWS Group GmbH KGaA at the time of publication and are subject to change without notice.
This document is a marketing communication and not a financial analysis. Consequently, the information contained in this document does not meet all legal requirements for ensuring the impartiality of investment recommendations and investment strategy recommendations and is not subject to any prohibition on trading prior to the publication of such recommendations. As explained in the relevant sales prospectus, the distribution of the above-mentioned fund(s) is subject to restrictions in certain jurisdictions. This document and the information contained herein may only be distributed or published in countries where this is permitted under the applicable legal provisions. This document may not be distributed directly or indirectly within the United States, to or on behalf of US persons or persons resident in the United States.
Xtrackers® is a registered trademark of the DWS Group.
The registered office of Xtrackers (IE) (reg. no.: 393802), a company registered in Ireland, is located at 78 Sir John Rogerson’s Quay, Dublin 2, Ireland.
DWS Group GmbH & Co. KGaA, CRC 106 707, 15 July 2025