Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc

What this fund is

Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker CSH2 (ISIN LU1230136894). 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, spread across its target market. Rather than a manager picking stocks, it simply replicates the SONIA Compounded Index index — the passive, low-cost approach.

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 Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in GBP.

Its price has swung about 0.5% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2025. 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 Amundi.)