Amundi Lists Global ex-US Government Bond ETF on London Stock Exchange

Amundi has today listed the Amundi Global ex-US Government Bond UCITS ETF on the London Stock Exchange.

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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 fund, which trades under the ticker GXUS, provides exposure to investment-grade government debt issued by developed markets, excluding the United States.

The ETF seeks to replicate the performance of the Bloomberg Global Treasury Large Markets DM ex US Index, a total return benchmark that includes fixed-rate, local currency sovereign bonds from developed countries outside the US . The index filters out securities issued by the US or by countries on the Bloomberg Indices Emerging Markets Country List.

GXUS is structured as a physical ETF using a sampling replication method. It accumulates income rather than distributing it . The fund’s total expense ratio (TER) is 0.20 percent. It is domiciled in Luxembourg, with CACEIS Bank serving as both depositary and administrator .

The underlying index focuses on the largest and most liquid sovereign bond markets. Eligible securities must typically have at least one year remaining to maturity and meet minimum size requirements. Countries with larger government bond markets receive higher weights in the index, which rebalances monthly .

According to data published ahead of the listing, the index’s largest country weightings are Japan at 19.3 percent, France at 14.2 percent, and Italy at 13 percent .

This launch follows the introduction of the fund on Deutsche Börse earlier this year. The London listing expands the fund’s availability to UK and international investors trading on the LSE.

GXUS complements Amundi’s existing range of ex-US exposures, including the Amundi MSCI World Ex USA UCITS ETF launched in 2024. The fund enters a market where European-listed ETFs offering world ex-US equity exposure attracted USD 1.7 billion in net flows during the first two months of 2026 .

The fund’s base currency is USD and it is not hedged against currency risk .

Source: ETFWorld.co.uk