Amundi launches the S&P All World High Dividend Yield ETF in London: to be listed on 1 July 2026

On 1 July 2026, Amundi secured admission to trading on the London Stock Exchange (LSE) for the Amundi S&P All World High Dividend Yield UCITS ETF Dist, ISIN IE000LEIJUY9, ticker WHDY.

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Article created by the editorial staff of ETFWorld.co.uk

Benoit Sorel Global Head of ETF, Indexing & Smart Beta Amundi ETF

The product is denominated in US dollars and represents the latest step in Amundi’s expansion strategy in the UK market, which now boasts over 270 ETFs available on the London market.

The ETF is domiciled in Ireland within the Amundi ETF ICAV structure and is passively managed by Amundi Asset Management. The objective is to track the performance of the S&P Global Dividend 100 Index (Bloomberg ticker: SPGDV1UN), a net total return index that includes dividends net of tax for its constituents. The index is tracked through direct replication: the fund invests primarily in transferable securities representing the index constituents in proportions that closely mirror those of the index itself.

The Total Expense Ratio (TER) is 0.35% per annum, comprising a maximum management fee of 0.25% and a maximum administration fee of 0.10%. The class listed in London is the US dollar-denominated distribution class (UCITS ETF Dist USD), which distributes dividends quarterly. The initial offer price has been set at US$5.00 per share. The initial offer period runs from 5 March 2026 to 1 September 2026.

The underlying index, the S&P Global Dividend 100, selects approximately 100 high-dividend-yield stocks from the Global LargeMidCap universe (the top 85 per cent by free-float market capitalisation for each developed and emerging market country). The S&P Dow Jones Indices methodology applies financial soundness filters: issuers must have a non-negative trailing 12-month earnings per share (EPS), a minimum free-float market capitalisation of $1 billion (750 million for existing constituents), an average daily trading volume over the last three months of at least $3 million, and a consistent history of dividend payments. The weightings of the constituents are determined annually on the basis of the tilted indicated annual dividend yield (IAD yield multiplied by the square root of market capitalisation), with a 20 per cent cap on the IAD yield used for the calculation. Concentration limits include a 10% cap per individual security (or five times its free-float weighting in the index), a 30% ceiling per GICS sector and per country of domicile, and an aggregate threshold of 22.5% for securities with a weighting exceeding 4.5%. Rebalancing takes place on a quarterly basis.

The expected tracking error under normal market conditions is limited to within 1%. The fund may employ efficient portfolio management techniques, including securities lending, with an expected maximum proportion of 20% and a maximum limit of 45% of assets subject to such transactions. The use of derivatives is limited to managing inflows and outflows and to addressing specific characteristics of individual equity markets. The fund falls under the SFDR Article 6 classification: it does not promote environmental or social characteristics and does not have a sustainable investment objective, although it does integrate sustainability risks into the investment process.

For investors, the ETF offers global exposure to large- and mid-cap stocks with a focus on dividend income. Quarterly distributions in US dollars and listing on the LSE make it accessible to UK and international investors trading in US currency. The Irish UCITS structure is standard for the European market. The main risk remains the volatility of equity markets, with specific exposure to emerging markets and currency fluctuations.

Source: ETFWorld.co.uk