Defiance expands European range with launch of Europe’s first memory ETF

  • Defiance has expanded its European ETF range with the launch of Defiance Memory UCITS ETF (ticker: DRAM).
  • The ETF aims to provide exposure to companies involved in the development, manufacturing, commercialisation, and storage of memory semiconductors and data storage systems.
  • In the U.S., memory-focused ETFs have gathered around $20 billion in assets under management (AUM).
  • The ETF is listed on Xetra, and Borsa Italiana, with London Stock Exchange to follow.

When you invest in ETFs your capital is at risk.

June 2026, London

HANetf, Europe’s first and leading white-label UCITS ETF and ETC platform,[1] is delighted to announce the launch of Defiance Memory UCITS ETF (ticker: DRAM).

The ETF aims to provide exposure to companies involved in the development, manufacturing, commercialisation, and storage of memory semiconductors and data storage systems.

Defiance Memory UCITS ETF
ISIN: IE000CEUZ052
TER: 0.69%

ExchangeBloomberg TickerSEDOLTrading Currency
XetraDRAM GYBVVG296EUR
Borsa ItalianaDRAM IMBVVG2B8USD

Memory prices are moving higher. Demand from AI, cloud computing, and data centres is absorbing a growing share of advanced memory capacity, while major manufacturers are prioritising higher-margin areas such as high-bandwidth memory and server-grade DRAM (Dynamic Random Access Memory) over more commoditised consumer applications.[2]

This shift is creating pressure across the wider technology supply chain. As supply is redirected towards AI infrastructure and hyperscale data centres, manufacturers of everyday devices are facing higher input costs and tighter availability.

This year, it is expected that there will not be enough memory to meet worldwide demand.[3] DRAM and solid-state drive (SSD) prices could rise as much as 130% by the end of 2026, according to Gartner.[4]

Exposure to the memory sector through ETFs has so far only been possible in the U.S., where assets are now around $20 billion.[5] Defiance Memory UCITS ETF aims to give European investors the opportunity to access the memory sector, which will need to expand to keep up with AI-driven demand.

This is Defiance’s 4th launch since entering the European UCITS ETF market earlier this year.

Defiance UCITS RangeTicker
Defiance AI & Power Infrastructure UCITS ETFAIPO
Defiance Memory UCITS ETFDRAM
Drone UCITS ETFDRON
Ukraine Reconstruction UCITS ETFUKRN

Risks

  • The ETF will invest predominantly in companies that are involved in the development, manufacturing, commercialisation, and storage of memory semiconductors and data storage systems, meaning the ETF may be significantly affected by events or conditions impacting the memory semiconductors and data storage industry and related end-markets.
  • Companies in this sector may be affected by, among other things, emerging technologies and product obsolescence, dependence on IP rights and the risk of infringement or loss of such rights, competition, supply and demand.
  • The sector may be particularly sensitive to changes in global IT spending and capital expenditure cycles, as well as disruptions to global supply chains or other operational disruptions affecting the production, distribution or availability of memory and data storage products.
  • When you invest in ETFs your capital is fully at risk and may not get back the amount originally invested.
  • For a complete overview of all the risks, please refer to the “Risk Factors” in the Prospectus.

Sylvia Jablonski, CIO of Defiance ETFs, commented:

« Memory is the foundational layer of the AI economy. Every model training run, inference workload, and hyperscale data centre expansion depends on DRAM, HBM, and advanced storage. DRAM gives European investors a direct, rules-based way to access this segment of the AI value chain, complementing the power infrastructure exposure already available through AIPO.”

Hector McNeil, Co-Founder and Co-CEO of HANetf, commented:

“We are delighted to be partnering with Defiance to launch Defiance Memory UCITS ETF. The ETF captures a sector that has seen significant growth recently, driven predominantly by the rise of AI and its infrastructure. This ETF particularly complements Defiance’s AIPO ETF, which provides access to the power infrastructure behind the AI buildout.”

About Defiance

Founded in 2018, Defiance ETFs is a leading ETF issuer specializing in thematic, income, and leveraged strategies. The firm manages 75+ ETFs designed to provide targeted exposure to high-growth sectors including AI infrastructure, quantum computing, drones and modern warfare, and other emerging technologies.

[1] As shown in the ETF Database.

[2] Forbes, 2026.

[3] CNBC, 2026.

[4] Gartner, 2026.

[5] ETFBook. Data as at 16.06.2026.

IMPORTANT INFORMATION This document is approved for professional use only.

Communications issued in the UK

The content in this document is issued by HANetf Limited (“HANetf”) and approved by Privium Fund Management (UK) Limited (“Privium”). HANetf is an appointed representative of Privium, which is authorised and regulated by the Financial Conduct Authority. The registered office of Privium is The Shard, 24th Floor, 32 London Bridge Street, London, SE1 9SG

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