Amundi MSCI World Climate Paris Aligned UCITS ETF - Acc

Amundi MSCI World Climate Paris Aligned UCITS ETF - Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker GPAB (ISIN IE000CL68Z69). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms 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, spread broadly across markets worldwide. It passively tracks the MSCI World Climate Paris Aligned Filtered PAB Index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include NVIDIA CORP, APPLE INC and MICROSOFT CORP. Spread across roughly 408 holdings (the ten largest ≈ 30.8%), no one position makes or breaks the fund. By geography it is weighted towards ~72.5% United States, ~4.9% Canada and ~3.3% Japan. By industry it concentrates most in ~34% Information Technology and ~17.3% Financials. Investors often use a broad fund like this as a long-term 'core' holding — a single building block that covers much of a global portfolio in one trade. Its ongoing charge (TER) is 0.2% a year — about €20 a year on a €10,000 holding, taken automatically from the fund. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash. 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 USD. Its price has swung about 12.4% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2023. 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.)