Invesco Euro Cash 3 Months UCITS ETF Acc

What this fund is

Invesco Euro Cash 3 Months UCITS ETF Acc is an exchange-traded fund (ETF) from Invesco, traded under the ticker PEU (ISIN IE00B3BPCH51). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. 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, spread across its target market. It passively tracks the FTSE Eurozone Government Bill 0-6 Month Capped (Mid Price) Index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include GERMAN 0% 16/09/26, GERMAN 0% 15/07/26 and GERMAN 0% 19/08/26. It holds around 56 positions (the ten largest ≈ 26.5%), spreading risk so no single holding decides your outcome.

By geography it is weighted towards ~34.5% France, ~21.2% Italy and ~16.4% Germany. Its heaviest sectors are ~100% Government. 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 0.09% a year — about €9 a year on a €10,000 holding, taken automatically from the fund. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash.

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR. Its price has swung about 1.9% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2008. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from Invesco.)