Amundi Smart Overnight Return UCITS ETF Acc

Amundi Smart Overnight Return UCITS ETF Acc is an actively managed fixed income exchange-traded fund domiciled in Luxembourg. Its primary objective is to achieve short-term returns above the €STR (Euro Short-Term Rate) benchmark by dynamically adjusting asset allocations without tracking a specific underlying index. The fund focuses on investment-grade, ultra-short-term debt instruments predominantly within developed Europe, employing proprietary selection and weighting methodologies. It synthetically replicates performance through derivatives rather than physical holdings, aiming for capital appreciation by capitalizing (accumulating) earnings instead of paying dividends. With assets under management exceeding 3 billion euros and a low expense ratio of 0.10%, this ETF serves as a flexible investment solution for investors seeking exposure to overnight and short-term euro-denominated debt market returns. It is issued by SAS Rue la Boétie under the Amundi brand and provides a strategy designed to reflect short-term interest rate trends in the euro fixed income market.