For a limited time only: Profit from 0.00% TER p.a.1
Scalable Xtrackers ETF
Setting a new
global standard
Introducing the one-of-a-kind Scalable Xtrackers MSCI All Country World UCITS ETF. The only ETF with hybrid replication and global diversification: Core for your portfolio.
ISIN: LU2903252349
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The only Core choice for a global portfolio |
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Structural Cutting-edge hybrid replication |
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Hyper 90% global market coverage |
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Scalable & Combined capital market expertise |
Scalable MSCI AC World
Xtrackers UCITS ETF
ISIN: LU2903252349 | WKN: DBX1SC
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Structural outperformance |
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Hyper-diversification |
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Best-in-class costs |
1 The regular total expense ratio (TER) of 0.17% p.a. is waived until 10/12/2025. Further information can be found in our FAQs.
Outperformance through innovation
The first ETF in the world to maximise returns with the cutting-edge approach of hybrid replication.
The ground-breaking hybrid replication combines the best of both worlds, leveraging the advantages of physical and synthetic replication. This approach is designed to generate maximal structural outperformance through tax benefits and improved access to illiquid markets with structural advantages to capitalise on return potential.
Compared to other All Country World ETFs, the Scalable Xtrackers ETF would have outperformed by 0.22% after fees last year through its innovative hybrid replication method.
Expected relative outperformance of 0.22% in 1 year
Note: Simulated performance is not a reliable indicator of future performance.
Simulated performance after fees relative to MSCI ACWI Net Total Return Index and to the equally-weighted average performance of the three largest MSCI ACWI UCITS ETFs (by fund volume and tradable on XETRA; ISINs: IE00B6R52259, IE00B44Z5B48, LU1829220216).
1 year time period from 30 November 2023 until 29 November 2024.
Source: Bloomberg; Calculations: DWS.
The graph is normalised to the index to ensure accurate comparison.
Simulated performance is not a reliable indicator of future performance. Investment involves risks.
Hybrid replication unveiled
Here is how the Scalable MSCI AC World Xtrackers ETF uses hybrid replication, depending on the specific security type, to maximise structural outperformance. The following chart shows the ETF's target allocation.2
2 The chart is a visualisation and does not represent the actual weights. The ETF’s allocation is subject to change over time until reaching the target allocation.
Synthetic
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More precise tracking of hard-to-reach or illiquid markets |
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Structural outperformance gained from 0% withholding tax on dividends from US equities and structural advantage on China A-shares |
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Higher liquidity for some markets |
Physical
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High transparency of ETF components |
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Simplicity through direct physical investment in underlying assets |
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Direct ownership of the securities |
More detailed information about the hybrid replication can be read in our finance essentials article in short in our glossary entry.
Hyper-diversification for your investment
Invest in the whole world with just one ETF: Cover almost 90% of the global investable markets across 23 developed and 24 emerging countries. The Scalable MSCI AC World Xtrackers ETF is the simple all-in-one solution for global diversification. It eliminates the necessity for portfolio construction and rebalancing.
3 Data as of 30/11/2024. The MSCI ACWI All Cap Index functions as the proxy for the calculation of the global market coverage and thus a reference point for the calculation of the market coverage of each index. Numbers are rounded to next even percentage point.
More details on the allocation of the ETF can be found on the Xtrackers product page.
Don’t let fees eat up
your returns
With the most cost-effective All Country World ETF available at 0.00% p.a. TER for one year.1 Thereafter only 0.17% p.a.
1 The regular total expense ratio (TER) of 0.17% p.a. is waived until 10/12/2025. Further information can be found in our FAQs.
FAQs
Frequently asked questions about the Scalable MSCI AC World Xtrackers ETF.
The Scalable MSCI AC World Xtrackers ETF tracks the MSCI ACWI Index.
The MSCI All Country World Index (short MSCI ACWI Index) covers 47 developed and emerging markets countries and is considered one of the leading benchmarks for a global equity portfolio. Further information about the ETF can be found at the Xtrackers product detail page.
To create the best worldwide equity ETF, Scalable Capital has partnered with Xtrackers by DWS, a longstanding partner and esteemed ETF issuer domiciled in Germany with many years of experience in the ETF industry. Xtrackers by DWS offers approximately 170 ETFs across diverse asset classes under the Xtrackers brand, with over USD 120 billion in assets under management. Xtrackers by DWS ensures the ETF holdings assets are secure and well-managed as a UCITS ETF, including regulatory compliance, asset custody, transparency, multi-layered security measures, and risk management.
Scalable Capital and Xtrackers created the first ETF worldwide with hybrid replication.
So far investors needed to decide whether the ETF should physically or synthetically replicate its exposure. Although the majority of ETFs in Europe are physically replicating, it can be advantageous (especially for US equities and China A stocks) to replicate the exposures synthetically. A synthetic replication can provide reliable and consistent structural outperformance in some cases.
The new ETFs allows Scalable Capital and Xtrackers by DWS to combine their expertise and choose the best replication method for every country and region independently and flexibly over time. With the new ETF, investors can benefit from maximum efficiency and structural outperformance while maintaining all the advantages of traditional ETFs (e.g. cost-efficiency, easy tradability, automatic rebalancing within the ETF, tax-efficiency).
The Scalable MSCI AC World Xtrackers ETF was created based on the idea that not only exposure, but also the most efficient replication possible are important criteria when selecting ETFs.
Investors should therefore not only ask themselves which asset classes to invest in. An equally important question is the efficient replication of these asset classes within the ETF. Scalable Capital found that the majority of ETFs replicate physically, although for some regions there can be significant performance advantages with synthetic replication, particularly for US and Chinese equities. At the same time, many private investors want to keep their portfolio as simple as possible and invest broadly diversified with one or just a few ETFs.
With this idea in mind, Scalable has launched a partnership with Xtrackers by DWS. The Scalable MSCI AC World Xtrackers ETF is the result of Scalable Capital's extensive capital market expertise in Wealth Management combined with Xtrackers' decades of experience in managing synthetic ETFs.
Synthetic exchange-traded funds have been around for more than 20 years and are designed that way: In synthetic replication, the ETF provider concludes an agreement in the form of a swap with a bank (or several banks) in which the exact performance of the desired index is guaranteed and collateralised. A synthetic ETF therefore generally does not hold the underlying securities. This collateral is managed by the issuers and published transparently on their website.
Scalable Capital has chosen Xtrackers as one of the most experienced issuers of synthetic ETFs, who is responsible for the risk monitoring and optimal structuring of collateral. More information on the benefits of synthetic replication can be found here.
The ETF generally prefers physical replication, but may use synthetic replication if it provides structural or other advantages (e.g. lower tracking error). The choice between physical or synthetic replication is flexible over time to allow the most efficient replication for each exposure without the tax-ugly necessity of buying and selling ETFs on individual investor level.
The ETF is accumulating. It is reinvesting into the fund the dividends that are paid out by the underlying holdings.
ETFs fall under special assets and are therefore safeguarded against insolvency to an unlimited extent, making them well-suited for larger investment amounts. We are partnering with Xtrackers by DWS, one of the leading index issuers in Europe with over USD 120 billion in assets under management. The ETF is subject to the European legal standards for investor protection (in accordance with UCITS).
The ETF is tradable on Xetra, gettex, EIX and many other European stock exchanges. You can find it with the ISIN: LU2903252349 or the WKN: DBX1SC. Should it not be available in your chosen broker, you can contact them requesting it being added for trading.
The total expense ratio of 0.17% p.a. will not be deducted until 10 December 2025. More detailed information can be found on the Xtrackers product page.
No, the reduced fee applies for at least 12 months after the launch of the global ETF and is not based on the customer's holding period. After that, the total expense ratio is 0.17%. This means that the World ETF is still one of the cheapest ETFs on the MSCI ACWI Index.
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