New money market active ETF from Amundi on Xetra: access to the €STR money market interest rate for EUR overnight loans
New money market active ETF from Amundi on Xetra: access to the €STR money market interest rate for EUR overnight loans
Since Thursday, a new active exchange-traded fund from Amundi Asset Management has been tradable on Xetra and Börse Frankfurt.
The Lyxor Smart Overnight Return - UCITS ETF C-EUR is an actively managed fund that seeks to generate returns based on the €STR (Euro Short-Term Rate).
The €STR reflects the wholesale euro unsecured overnight borrowing costs of banks located in the euro area. It represents the average interest rate for loans taken out over the course of a day. The daily compounded €STR is calculated and published by the European Central Bank.
Name | Asset class | ISIN | Ongoing charges | Distribution policy |
Lyxor Smart Overnight Return - UCITS ETF C-EUR | Money Market Active ETF | 0.10 per cent | accumulating |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,184 ETFs. With this selection and an average monthly trading volume of around €15 billion, Xetra is the leading trading venue for ETFs in Europe.