Money Market Fund (MMF) type ETFs - CSH2, XSTR and now GBPO & GONS

easysaver

There appears to be a couple of new accumulating SONIA tracking ETFs launched in the last year from UBS and Invesco according to JustETF.

UBS GBP Overnight Rate SF UCITS ETF GBP acc, IE000WNEYKM1, GBPO, TER 0.05%

Invesco GBP Overnight Return Swap UCITS ETF Acc, IE0006N7AK90, GONS, TER 0.1%

In common with CSH2 they appear to be synthetic (swap based), and domicilied in Ireland rather than Luxembourg. They're very small at under £10m and I don't know which, if any, platforms allow them. Nothing on www.kpmgreportingfunds.co.uk but that's not surprising given they were launched last year.

At least they may give Amundi some competition moving forward.

@aroominyork - may be of interest given you're holding CSH2

InvesterJones

There's also ERNS

masonic

Both have a much more reasonable share price, but are too small for my liking at present. Worth keeping an eye on.

easysaver

https://forums.moneysavingexpert.com/discussion/comment/81887162#Comment_81887162

I bracket ERNS along with JGSA/JGST and QUID as an ultrashort bond fund, i.e. slightly longer duration than the SONIA trackers (effective duration of zero).

cloud_dog

Way more (relative) volatility on ERNS than my old CSH2, but ticking along nicely.

cloud_dog

https://forums.moneysavingexpert.com/discussion/comment/81887562#Comment_81887562

Curiosity and also I periodically liquidate from this fund to top up the drawdown cash in the pension, and having noticed there can be periods of little (relative) increase and then a small spike intermittently, it proves useful.