Defiance Launches Europe's First Equal-Weight Magnificent 7 ETF (MAGZ)

Defiance ETFs, in partnership with HANetf, has launched the Defiance Mag7 UCITS ETF (MAGZ), offering European investors equal-weight exposure to the seven U.S. technology giants: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. Billed as Europe's first dedicated Magnificent Seven ETF, MAGZ allocates approximately 14.3% to each company, with monthly rebalancing to prevent individual stocks from dominating portfolio returns. Special rebalancing is triggered if one constituent exceeds 35% or two exceed 20% each. The physically replicated ETF targets companies driving artificial intelligence, cloud computing, digital advertising, and consumer technology. The launch expands Defiance's European UCITS lineup to six ETFs, with the firm attracting more than $240 million in assets since entering the market in March 2026.