Amundi Smart Overnight Return UCITS ETF (GBP Hedged, Acc) (CSH2.L)
A simple way to earn the UK overnight interest rate through a single fund without dealing with fixed-term savings accounts.
Is Amundi Smart Overnight Return UCITS ETF (GBP Hedged, Acc) a good fund for a UK beginner?
The honest version: A simple way to earn the UK overnight interest rate through a single fund without dealing with fixed-term savings accounts.
Over about 1 years to 2026-07-15. This already includes the fund's dividends, which an accumulating fund reinvests for you. Past performance is not a guide to the future, and it could just as easily have fallen.
This is a fund, so it moves with its whole basket (Bonds) - not any single company's news. One share having a bad day barely shows up here.
What does Amundi Smart Overnight Return UCITS ETF (GBP Hedged, Acc) do?
This fund tracks the SONIA Compounded Index, aiming to capture the official UK overnight interest rate with very small ups and downs. A single purchase spreads money into a money-market strategy rather than picking individual companies, keeping things remarkably steady. The ongoing charge is 0.1% a year, which means about £1.00 annually for every £1,000 invested. It is an accumulating fund, meaning any returns are automatically reinvested inside the pot rather than paid out as cash.
A money-market fund that aims to earn the UK overnight interest rate (SONIA) with very small ups and downs, reinvesting the return.
What's actually inside this fund?
By sector
- Technology36%
- Communications14%
- Consumer cyclical14%
- Healthcare11%
- Financials10%
- Industrials6%
- Consumer staples5%
- Energy1%
Top holdings and sector split from the fund's published data as of the figures date - they drift over time as the fund and the index change.
- Captures the UK overnight interest rate with very small ups and downs
- Low ongoing cost of 0.1% a year
- Simple one-fund exposure to money-market returns
- Automatically reinvests returns inside the fund
- It falls in value or returns less when interest rates drop
- Returns are tied directly to shifts in official UK interest rates
- Does not offer the growth potential of shares or broader stock markets
- Cash returns may not always outpace the rising cost of living over long periods
More in Bonds
Vanguard UK Gilt UCITS ETF (Dist)
iShares UK Gilts 0-5yr UCITS ETF (Dist)
iShares Core Global Aggregate Bond UCITS ETF (Dist)
Vanguard Global Aggregate Bond UCITS ETF (GBP Hedged, Acc)
Vanguard UK Gilt UCITS ETF (Acc)
iShares Core UK Gilts UCITS ETF (Dist)
iShares GBP Index-Linked Gilts UCITS ETF (Dist)
iShares Core GBP Corporate Bond UCITS ETF (Dist)What are the pros and cons of Amundi Smart Overnight Return UCITS ETF (GBP Hedged, Acc)?
How many points the write-up makes each way — a balance check, not a score or verdict.
- Captures the UK overnight interest rate with very small ups and downs
- Low ongoing cost of 0.1% a year
- Simple one-fund exposure to money-market returns
- Automatically reinvests returns inside the fund
- It falls in value or returns less when interest rates drop
- Returns are tied directly to shifts in official UK interest rates
- Does not offer the growth potential of shares or broader stock markets
- Cash returns may not always outpace the rising cost of living over long periods
Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-01 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.