German issuer ETFlab expanded its range Wednesday with the launch of six new equity ETFs on the Deutsche Boerse XETRA platform. This takes ETFlab’s fund total to thirty, 18 in equity and 12 in fixed income. XETRA’s ETF listings have now reached 459, the largest total in Europe.

The new ETFlab funds, with total expense ratios, are: ETFlab MSCI Europe (0.30%), ETFlab MSCI Europe Mid-Cap (0.30%), ETFlab MSCI Japan (0.50%), ETFlab MSCI Japan Mid-Cap (0.50%), ETFlab MSCI USA (0.30%), ETFlab MSCI USA Mid-Cap (0.30%). All the funds are non-distributing.

ETFlab’s expense ratios are set, on average, at the lower end of the scale of competing funds, but not at the bottom. For the MSCI Europe, MSCI Japan and MSCI USA ETFs, Comstage and CASAM offer funds with lower annual charges. ETFlab, however, is distinguished from many of its competitors by using a physical index replication methodology, as opposed to the more commonly-used swap-based replication technique.

According to the 17 June edition of the Deutsche Bank “ETF liquidity trends” weekly report, ETFlab’s ETF assets total €2.437 billion, making the DekaBank subsidiary the eighth-largest issuer in Europe. ETFlab launched its first funds in April 2008. In common with Comstage ETF and Source ETF, all the firm’s funds are listed only in Germany.