New Listing

Amundi launches Europe’s cheapest all-world ETF

TER of 0.07%

Lauren Gibbons

Global world

Amundi has launched Europe’s lowest-fee ETF capturing developed and emerging markets, with fees of less than half of its closest competitor.

The Amundi Prime All Country World UCITS ETF (WEBG) is listed on Deutsche Boerse with a total expense ratio (TER) of 0.07%.

WEBG’s fee undercuts the Invesco FTSE All-World UCITS ETF (FWRA) which launched last year and carries a TER of 0.15%.

It also undercuts State Street Global Advisors’ (SSGA) popular SPDR MSCI ACWI IMI UCITS ETF (SPYI), which has a 0.17% fee.

WEBG physically replicates the Solactive GBS Global Markets Large & Mid Cap index of 3469 large and mid-cap companies from developed and emerging markets.

The index captures the largest 85% of the free-float market capitalisation of global equities.

Microsoft was the index’s top holding at 4.3%, followed by Apple at 3.7% and Nvidia at 3.1%, as at 12 March.

Benoit Sorel, head of Amundi ETF, indexing and smart beta, said: “Our aim is to be the first partner of choice for ETF investors by continuing to provide the essential building blocks for diversified asset allocation.

"This new ETF bolsters our global equities range, covering a wide spectrum of products from the lowest-cost ETFs to ESG and climate solutions, catering for every investor type and need.”

WEBG’s arrival comes after the French asset manager extended its climate ETF range with the launch of a US dollar Paris-Aligned Benchmark (PAB) corporate bond ETF last week.

The firm also recently merged its MSCI Spain ETF with its IBEX 35 ETF in a further bid to consolidate its range following its acquisition of Lyxor in January 2022.

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