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The $XMAW is an ESG variant of an All World ETF (environmental, social, corporate governance). I don't know if this is intentional, but if not, you may be losing out on returns here, so I would go for a direct All World.
My favorite is the All World from Vanguard, partly because of Vanguard's corporate philosophy. I think Invesco also offers the same All World with a low TER, so it can also be an interesting alternative. I also have the $WEBG with a second broker. As you have already written, it has a very good TER of 0.07 for an All Country ETF. @cashwithhead has also written an article on the advantages of Amundi as a European issuer.
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@TheStoic Thanks for the great article. I plan to sell the $XMAW and switch to another ETF. Fortunately I don't have to pay capital gains tax.