Description

This Amundi UCITS compliant Exchange Traded Fund (ETF), named "EUR Overnight Return Acc," is designed to mirror the performance of its underlying benchmark, the Solactive Euro Overnight Return Index. The Solactive Euro Overnight Return Index is compiled by taking the Euro Short Term Rate (ESTER) and adding a fixed margin of 0.085%. ESTER itself is a key short-term interest rate, based on daily money market transaction data collected from the 52 largest banks within the Eurozone. The European Central Bank (ECB) is responsible for both calculating and officially publishing this rate. Like other Amundi ETFs, this fund offers investors an efficient, transparent, and highly liquid option, traded on an exchange, providing cost-effective exposure to its specific benchmark index. For additional information about the index, please visit www.solactive.com.