Amundi launches first GDP-weighted UCITS ETFs

Amundi, the Paris-based asset manager, on May 28, 2026 launched the first UCITS ETFs weighted by gross domestic product. The two funds are the Amundi FTSE All‑World GDP‑Weighted UCITS ETF, an equity product, and the Amundi Global Government Bond GDP‑Weighted UCITS ETF, a sovereign bond product.

Under the GDP-weighted method, each country’s allocation is set by its share of world GDP rather than by the market value of listed companies. Amundi said the approach shifts allocations away from market-cap concentration and increases exposure to regions whose economic output is large relative to the size of their listed markets.

Amundi highlighted that China and other emerging economies account for more than 40% of global GDP. The firm cited higher U.S. valuations and concentration risks in recent markets as part of the rationale for offering GDP-weighted exposure.

The equity fund tracks a FTSE All‑World GDP‑weighted index. The fixed-income product applies the GDP weighting across a global government bond universe. Both funds are structured as UCITS, the European regulatory framework that allows distribution across EU markets.

Benoit Sorel, head of Amundi’s ETF and index business line, commented: “Today’s market environment requires investors to strengthen the resilience of their portfolio and adapt to an investment landscape where diversification is one of the most effective response. Backed by our product innovation DNA, we are pleased to introduce these new tools, which allow clients to capture global growth on the long-term by reflecting the economic footprint of each region, and to broaden diversification through a balanced allocation across geographies.”

Amundi did not disclose initial fees or seed assets in its announcement. The firm described GDP weighting as a minority approach in the ETF industry compared with market-cap weighting, and presented the new UCITS ETFs as regulated vehicles that give European investors access to that methodology across both equities and sovereign bonds.