• Innovative access: The first and only ETF offering European investors access to more than 2,400 stocks across 47 developed and emerging markets with 2x leverage.
• Attractive cost structure: The lowest-cost global equity ETF with 2x leverage, with a Total Expense Ratio (TER) of 0.45% p.a.
• Versatile applications: Whether for tactical trading, automated savings plans, or targeted portfolio addition, the product enables a variety of strategies in a familiar ETF format.
• Established collaboration: The Scalable MSCI AC World Leveraged Daily Swap Xtrackers UCITS ETF was also launched together with Xtrackers, the ETF division of DWS.

Milan, 6th August 2026. Following the successful launch of the Scalable World ETF – which already manages over €700 million in client assets – comes the logical evolution of the product suite for active investors: the Scalable MSCI AC World Leveraged Daily Swap Xtrackers UCITS ETF. The ETF replicates the daily performance of global equity markets leveraged by a factor of 2x. With a TER of 0.45% p.a., it is the lowest-cost global equity ETF with leverage on the market and the first of its kind in Europe.

Double market exposure for active investors

"There is clear demand among active and experienced investors to capitalise on global market movements in a more targeted manner. With this new product, we ensure they can do so with the familiar Scalable quality: efficiently, transparently, and with the best cost structure," said Jannik Klasing, Head of Investment Management at Scalable Capital. "Following the success of our World ETF, we are expanding our offering to give active investors the opportunity to invest with leverage in a broadly diversified way."

"We see a high appetite for innovative ETF solutions. With this second joint product with Scalable Capital, we are now offering investors efficient access to a leveraged global equity strategy," said Ferat Öztürk, Head of Digital Distribution EMEA at Xtrackers.

The product offers a wide range of tactical and strategic applications: active investors with a strong market view will find the ETF an efficient tool to leverage global upward trends and gain amplified exposure to market movements. However, the leverage effect can also be used for risk-oriented, systematic wealth building: when using automated savings plans, the cost-averaging effect helps smooth entry prices and mitigate path-dependent effects like "volatility drag". Furthermore, in combination with the unleveraged Scalable World ETF, the leverage can be tailored individually to one's own risk profile. For instance, a 50/50 allocation between both variants results in an effective 1.5x leverage.

Due to the daily resetting of the leverage combined with price fluctuations over longer periods, total performance may not correspond exactly to double the performance of a corresponding unleveraged product. The most suitable market environment consists of upward trends with low volatility. Sideways phases or volatile markets can adversely affect proportional performance compared to an unleveraged investment. In all scenarios, regular monitoring and potential rebalancing of the position are required.

Leverage effect – transparent and cost-efficient

The Scalable MSCI AC World Leveraged Daily Swap Xtrackers UCITS ETF aims to track the MSCI ACWI Leveraged 2X Select Index Daily. The index covers 47 countries (23 developed and 24 emerging markets) with over 2,400 companies, reaching approximately 85% of global equity market capitalisation.

European retail investors gain the opportunity to take a position on this leveraged index for the first time, benefiting from the safety of an ETF structure with protection as separate asset funds and without any margin calls. Borrowing occurs in euros at money market rates without funding cost markups inside the product itself, making leverage significantly cheaper via the ETF. As part of the ETF's price performance, financing costs directly reduce capital gains tax.

Combined expertise from Scalable, DWS and MSCI

The ETF relies on smart synthetic replication via collateralised swaps on the reference index, leveraging the expertise of Xtrackers as an experienced provider and Scalable Capital’s role in advising on portfolio construction, especially regarding the swap structure. The reference index was developed by MSCI, a leading provider of critical decision support tools and services for the global investment community

All Scalable Broker clients can buy the new ETF free of charge with immediate effect. They benefit from €0 order fees on savings plans starting from €1, as well as on single purchases above €250 order volume on the European Investor Exchange (Hanover Stock Exchange). As part of the trading flat rate, all buys and sells above €250 volume on the European Investor Exchange are included for PRIME+ clients, otherwise just €0.99.

Alongside the European Investor Exchange, the ETF will be available on major stock exchanges across Europe and thus also through other banks and brokers. These include gettex (Munich Stock Exchange), Xetra (Deutsche Börse), Tradegate, and Lang & Schwarz.

Factsheet

Name	Scalable MSCI AC World Leveraged Daily Swap Xtrackers UCITS ETF
Benchmark	MSCI ACWI Leveraged 2X Select Index Daily
WKN	DBX2SC
ISIN	LU3386643970
Investment	2x leveraged across 2,460 large & mid-cap stocks in 23 developed and 24 emerging markets (as of July 2026)
Total Expense Ratio (TER)	0.45% p.a.
Replication Method	Synthetic
Inception Date	28 July 2026
Distribution Policy	Accumulating
Fund Domicile	Luxembourg
Management Company	DWS Investment S.A.
Portfolio Construction Advisor	Scalable Capital Bank GmbH
Summary Risk Indicator (SRI) at launch	5

About Scalable Capital

Scalable Capital is a leading bank that empowers people in Europe to shape their own finances. Scalable Capital makes it easy and affordable for clients to invest professionally in stocks, ETFs, cryptocurrencies, and derivatives and set up savings plans. Attractive interest, loans, and private equity complement the range of products and services. With the European Investor Exchange, Scalable Capital offers an exchange specifically for retail investors. More than one million clients already have a total of more than €50 billion on the platform.

Founded in 2014, Scalable Capital now employs over 800 people across Munich, Berlin, Vienna and Milan. Together with the founding and management team led by Erik Podzuweit and Florian Prucker, Scalable Capital is building the next generation of financial services.

Further information at: www.scalable.capital. A factsheet, photos, and previous press releases are available in the Newsroom.

For press inquiries:

Angèlia Comunicazione
Rita Arcuri +39 333 2608159
Carlo Sardanu +39 3758856565
scalable@angelia.it