Amundi EUR Overnight Return UCITS ETF Acc

What this fund is

Amundi EUR Overnight Return UCITS ETF Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker CSHD (ISIN FR0010510800). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about very short-term, cash-like instruments, aimed at protecting your money and earning a little interest rather than growing it, focused on the European market. It passively tracks the Solactive Euro Overnight Return Index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low.

Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.1% a year — about €10 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything. It tracks its index through a swap agreement rather than owning every holding (synthetic replication); it is domiciled in France and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR.

Its price has swung about 0.5% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2018. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Amundi.)