Amundi Smart Overnight Return UCITS ETF Acc

Amundi Smart Overnight Return UCITS ETF Acc is an actively managed exchange-traded fund launched in March 2015 and domiciled in Luxembourg. It seeks to closely replicate the performance of the euro short-term rate (€STR) compounded index, which reflects wholesale euro unsecured overnight borrowing costs published by the European Central Bank. Designed for short-term returns with extremely low volatility, the ETF targets investors prioritizing capital preservation and modest yields similar to money market instruments, outperforming traditional savings while shielding against equity market swings. The fund employs indirect replication via a diversified portfolio of high-quality, very short-term debt securities from governments and corporations, supplemented by financial derivatives like total return swaps and currency hedges to minimize tracking error and manage risks. Featuring a low total expense ratio of 0.10% per annum and an accumulating distribution policy that reinvests income to compound value, it suits a recommended holding period of about three months. Classified in the lowest risk category (1 out of 7), Amundi Smart Overnight Return UCITS ETF Acc holds a significant role in cash management strategies within fixed-income markets, providing liquidity and stability for portfolio allocation.