Casam offers money market exposure with new ETF

Credit Agricole Structured Asset Management (Casam) has launched a new exchange-traded fund (ETF) linked to Eonia - the Euro Over Night Index Average, the rate of overnight unsecured lending between banks. The fund is listed on NYSE Euronext and achieves its returns by replicating the performance of the Euro MTS Eonia Investable Index.

Casam is mooting the fund, which is its first money market ETF, as a liquid means of protecting against volatility in fixed income and equity markets. Casam assures that the performance of the index will be positive except in the case of an extreme situation where money market rates become negative, which means it carries limited downside risk. The ETF is also compliant with the Undertakings for Collective Investments in Transferable Securities III Directive.

Management fees are fixed at 0.14%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here