Amundi S&P World Consumer Discretionary Screened UCITS ETF Dist

What this fund is

Amundi S&P World Consumer Discretionary Screened UCITS ETF Dist is an exchange-traded fund (ETF) from Amundi, traded under the ticker WEL2 (ISIN IE00061J0RC6). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. At its core it is a focused, thematic fund: it concentrates on the consumer discretionary part of the market, so it lives or dies by that one area rather than the economy as a whole. Underneath, it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't. It follows the S&P World Consumer Discretionary Weighted & Screened Index index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include AMAZON.COM INC, TESLA INC and HOME DEPOT INC.

Spread across roughly 113 holdings (the ten largest ≈ 65.9%), no one position makes or breaks the fund. By geography it is weighted towards ~74.4% United States, ~11.4% Japan and ~3.9% France. By industry it concentrates most in ~100% Consumer Discretionary. A focused fund like this is typically held as a smaller 'satellite' position around a broader core — a way to lean into one theme, not usually a portfolio's only holding. Its ongoing charge (TER) is 0.18% a year — about €18 a year on a €10,000 holding, taken automatically from the fund.

It is a distributing share class — dividends are paid to you as cash rather than reinvested, and over the last year it paid out roughly 0.85% (its trailing yield). It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR. Its price has swung about 28.9% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2022. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Amundi.)