FONDS professionell Deutschland, Ausgabe 1/2026

„Für die Produktpartner wie Xtrackers oder Amundi stellen diese wiederum HLQHQ :HUEHHȬHNW GDU ,KU )LUPHQQDPH HUVFKHLQW SURPLQHQW LQ GHQ $SSV XQG DXI GHQ :HEVLWHV GHU %URNHUĺ 'LH ':6 VHL PLW ZHLWHUHQ PĆJOLFKHQ 3DUWQHUQ LP *HVSUÌFK VDJW 0LFKDHO 0RKU 3URGXNWFKHI EHL ;WUDFNHUV $XFK State Street und Amundi wollen weitere .RRSHUDWLRQHQ HLQJHKHQ $OOHUGLQJV NRQ - ]HQWULHUHQ 3ULYDWDQOHJHU LKUH ,QYHVWPHQWV ĞEHUZLHJHQG DXI ZHOWZHLWH $NWLHQ 'HU 6SLHOUDXP IĞU (7)V DEVHLWV GHU JÌQJL - JHQ %DURPHWHU HUVFKHLQW EHJUHQ]W Ľ,FK GHQNH GDVV GDV 3URGXNWDQJHERW UHODWLY NOHLQ EOHLEHQ ZLUGĺ IROJHUW &DSFR ([SHUWH 'LHUVVHQ Ľ,FK NDQQ PLU QLFKW YRUVWHOOHQ GDVV YLHOH ZHLWHUH &R 3URGXNWH IROJHQĺ Begehrlichkeiten geweckt 'LH YRP 3)2)9HUERW EHWURȬHQHQ 1HREURNHU ZLHGHUXP ORWHQ DXJHQVFKHLQ - OLFK ZHLWHUH (LQQDKPHTXHOOHQ DXV (LQH GDYRQ LVW HLQH 9HUJĞWXQJ IĞU GHQ YRQ LKQHQ EHWUHXWHQ (7) %HVWDQG (LQH 5HLKH YRQ 9HUWUHWHUQ JURĕHU ZLH NOHLQHUHU (7) *HVHOOVFKDIWHQ KDEHQ JHJHQĞEHU )21'6 SURIHVVLRQHOO EHVWÌWLJW GDVV VROFKH $QVSUĞ - FKH JHVWHOOW ZXUGHQ 'LH 0LWDUEHLWHU GHU $VVHW 0DQDJHU ZROOHQ MHGRFK QLFKW ĆȬHQW - OLFK JHQDQQW ZHUGHQ ,QVLGHU EHULFKWHQ GDVV %URNHU DQ GHU Verwaltungsvergütung und an eventuell DQIDOOHQGHQ (LQQDKPHQ DXV GHU :HUW - SDSLHUOHLKH GHU (7) $QELHWHU EHWHLOLJW ZHUGHQ PĆFKWHQ 'LHV VROOH LP 5DKPHQ HLQHV VRJHQDQQWHQ 5HYHQXH 6KDUH 0RGHOOV HUIROJHQ $XFK DQGHUH )RUPHQ YRQ =DK - OXQJHQ GHU (7) +ÌXVHU DQKDQG GHV ĞEHU GLH MHZHLOLJHQ %URNHU YRQ (QGNXQGHQ JHKDOWHQHQ %HVWDQGVYROXPHQV VHLHQ LQ GHU 'LVNXVVLRQ KHLĕW HV YRQ ,QVLGHUQ %LVODQJ OHKQHQ HLQLJH *HVHOOVFKDIWHQ QDFK HLJHQHP %HNXQGHQ VROFKH %HJHKUHQ DE Ľ'DUDXI ODVVHQ ZLU XQV QLFKW HLQĺ VDJW GHU 9HUWUHWHU HLQHU (7) *HVHOOVFKDIW Ľ6RO - FKH )RUGHUXQJHQ ZHKUHQ ZLU DEĺ EHWRQW HLQ UDQJKRKHU 0LWDUEHLWHU HLQHV DQGHUHQ $VVHW 0DQDJHUV 'LH GHXWVFKH )LQDQ]DXI - VLFKW %DljQ LVW HEHQIDOOV DXI VROFKH $QVLQ - QHQ DXIPHUNVDP JHZRUGHQ Ľ'HU %DljQ LVW EHNDQQW GDVV HLQ]HOQH ,QWHUPHGLÌUH YHUVXFKHQ DXFK PLW (7) $QELHWHUQ 9HU - einbarungen über Bestandsprovisionen zu VFKOLHĕHQĺ WHLOWH GLH %HKĆUGH PLW *ÌQ]OLFK QHX VLQG 9HUHLQEDUXQJHQ ]ZL - VFKHQ $QELHWHUQ XQG 9HUWULHEHQ QLFKW 6R ODVVHQ VLFK 'LUHNWEDQNHQ ZLH 1HREUR - NHU GLH VRJHQDQQWHQ )UHH 7UDGH $NWLRQHQ YRQ GHQ (7) +ÌXVHUQ ]XPLQGHVW WHLOZHLVH EH]DKOHQ 'DEHL NĆQQHQ 3ULYDWDQOHJHU JHEĞKUHQIUHL :HUWSDSLHUH RUGHUQ RGHU 6SDUSOÌQH DXVIĞKUHQ $XFK 5DEDWWH DXI GLH 9HUZDOWXQJVYHUJĞWXQJ IĞU *URĕNXQ - GHQ NÌPHQ LPPHU ZLHGHU YRU EHULFKWHW GDV %UDQFKHQSRUWDO Ľ(7) 6WUHDPĺ (LQH DQGHUH 4XDOLWÌW QHKPHQ MHGRFK YROXPHQ - DEKÌQJLJH =DKOXQJHQ GHU (7) $QELHWHU DQ GLH 9HUWULHEVVWHOOHQ HLQ Hürden für Zuwendungen 'LH %DljQ RUGQHW GLHV DOV %HVWDQGVSUR - YLVLRQ XQG VRPLW DOV =XZHQGXQJ HLQ Ľ8P GLH =XZHQGXQJ WURW] DOOJHPHLQHQ 9HUERWV DQQHKPHQ ]X GĞUIHQ PXVV GHU ,QWHUPHGLÌU GLH $QIRUGHUXQJHQ DQ GLH 4XDOLWÌWVYHUEHVVHUXQJ GDV ,QWHUHVVHQNRQ - ijLNWPDQDJHPHQW XQG GLH 7UDQVSDUHQ] gegenüber den Kundinnen und Kunden HUIĞOOHQĺ VWHOOW GLH %HKĆUGH NODU 'LH 1HR - EURNHU PĞVVWHQ DOVR GDUOHJHQ GDVV VLH 3URYLVLRQVHLQQDKPHQ LQ GLH $XIZHUWXQJ LKUHU 'LHQVWOHLVWXQJHQ VWHFNHQ ÌKQOLFK ZLH KHUNĆPPOLFKH %DQNHQ =XGHPPĞVV - WHQ GLH =XZHQGXQJHQ RȬHQJHOHJW ZHUGHQ 'LH YRQ GHU 5HGDNWLRQ EHIUDJWHQ 1HR - EURNHU 6FDODEOH &DSLWDO XQG GLH )LQDQ]HQ QHW *UXSSH GLH KLQWHU )LQDQ]HQ QHW =HUR VWHKW VRZLH 7UDGH 5HSXEOLF XQG 6PDUW - EURNHUSOXV ZROOWHQ GLHV QLFKW NRPPHQ - WLHUHQ $OOH EHWRQHQ MHGRFK XQLVRQR GDVV MHJOLFKH 9HUJĞWXQJHQ LQ GLH 4XDOLWÌWVYHU - EHVVHUXQJ XQG:HLWHUHQWZLFNOXQJ ijLHĕHQ VRZLH DOOH 9RUJDEHQ PLW %OLFN DXI 7UDQV - SDUHQ] XQG ,QWHUHVVHQNRQijLNWH HUIĞOOW ZĞUGHQ 6RPLW VFKHLQW VLFK HLQPDO PHKU ]X EHZDKUKHLWHQ GDVV JHEĞKUHQIUHL QLFKW XQEHGLQJW JUDWLV EHGHXWHW SEBASTIAN ERTINGER FP Gemeinsam aufs Parkett Kooperationsprodukte von ETF-Anbietern und Brokern Fondsname ISIN Börsen- notiz Volumen (in Mio. EUR) Lfd. Kosten (in %) Rendite Lfd. Jahr 1 Jahr ScalableMSCI ACWorld Xtrackers ETF LU2903252349 20.12.2024 470,8 0,00%* 0,2% 13,7% Comdirect S&P All World State Street ETF IE00020O1MD6 22.01.2026 31,9 0,40% – – Finanzen.net MSCI World ETF FR001400YYJ0 16.09.2025 19,9 0,12% -0,3% – Bislang gelang Scalable und der DWS ein Vertriebserfolg. *bis11.6.2026,danach0,17%|Quellen:BörseFrankfurt,Morningstar|Stand:10.3.2026 406 fondsprofessionell.de 1/2026 BANK & FONDS ETF-Geschäft FOTO: © CAPO » Der Schritt ist eher ein Marketing-Stunt. « Christian Dierssen, Capco