BNP Paribas Asset Management (BNP Paribas AM) has taken a significant step in the money market ETF landscape with the launch of the BNP Paribas Easy € Overnight ETF.
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By ETFWorld.co.uk
Sabrina Principi Global Head of business development – ETFs and Indices at BNP Paribas Asset Management
This new product, marking the first ETF collaboration between BNP AM and Solactive, debuted today on Euronext Paris and Deutsche Börse Xetra. The ETF tracks the Solactive €STR Overnight Total Return Index.
The ETF is designed to offer institutional and retail investors simple, low-risk exposure to euro overnight rates. Its goal is to capture the daily compounded returns of the Euro Short-Term Rate (€STR), the reference rate published by the European Central Bank, providing a transparent solution for very short-term liquidity management.
The Core Offering: The Solactive €STR Overnight TR Index
The underlying index, part of the Solactive Money Market Index Series, aims to precisely reflect the interest accrued on theoretical euro overnight deposits. Its methodology is rigorous:
Replicates the daily compounding of the €STR without applying a spread.
Incorporates a one-day interest rate lag.
Includes a two-day settlement offset.
Uses a 360-day count convention.
This structure makes it a robust and transparent benchmark for euro cash management strategies.
Key Statements
Timo Pfeiffer, Chief Markets Officer at Solactive: “We are proud to mark this important step with BNP Paribas Asset Management. This ETF launch is a first—and a significant one. It demonstrates our joint commitment to delivering strategic and relevant investment tools to the market. The Solactive €STR Overnight Total Return Index is a solid benchmark, designed to offer precise and regulation-aligned access to euro short-term interest rates.”Sabrina Principi, Global Head of Business Development – ETFs and Indices at BNP Paribas AM: “In a constantly evolving environment, we are delighted to announce the launch of a € overnight ETF, a strategy for which we have seen growing interest from investors. We are proud to launch this new product in partnership with Solactive, an index provider with a long-standing, proven track record in overnight rate indices.”
Listing Details and BNP AM Context
Tickers: CASHE FP (Euronext Paris) / EDEG GY (Xetra).
Listing Date: 8 July 2025.
BNP AM ETF and Index Fund AUM: €60.6 billion (as of 31 May 2025). The BNP Paribas Easy ETF range is known for offering versatile, cost-effective, and liquid investment solutions, focused on diversification, sustainable investing, and thematic opportunities.
Conclusion
The launch of the BNP Paribas Easy € Overnight ETF represents a strategic expansion of BNP Paribas AM’s money market offering, leveraging Solactive’s expertise in overnight indices. This ETF provides investors with an efficient tool to access €STR returns, meeting the growing demand for transparent, low-volatility short-term liquidity solutions at the heart of the Eurozone.
Source : ETFWorld.co.uk
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