Amundi S&P World Utilities Screened UCITS ETF Acc

What this fund is

Amundi S&P World Utilities Screened UCITS ETF Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker WELD (ISIN IE000PMX0MW6). 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 utilities 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. Rather than a manager picking stocks, it simply replicates the S&P World Utilities Weighted & Screened Index index — the passive, low-cost approach, and its largest holdings include IBERDROLA SA, NEXTERA ENERGY INC and ENEL SPA.

It holds around 49 positions (the ten largest ≈ 56.9%), spreading risk so no single holding decides your outcome. Its biggest country exposures are ~45.6% United States, ~12.2% Spain and ~10.7% United Kingdom. By industry it concentrates most in ~100% Utilities. 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 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 EUR. 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.)