Solactive is delighted to announce the first ETF product collaboration with BNP Paribas Asset Management (BNP AM), BNP Paribas Easy € Overnight ETF, which tracks the Solactive €STR Overnight Total Return Index. The product is designed to capture the daily compounded returns of the Euro Short-Term Rate (€STR), providing a low-risk, high-clarity solution for institutional and retail investors seeking overnight exposure.
The Solactive €STR Overnight Total Return Index is part of Solactive’s expanding Money Market Index Series, designed to accurately reflect the interest accrued on notional overnight deposits with consistency and precision. The index captures the daily compounding of the Euro Short-Term Rate (€STR) without applying a spread, incorporating a one-day interest rate lag, a two-day settlement offset, and a 360-day count convention—providing a robust, transparent benchmark for euro-denominated cash management strategies.
The ETF listed on 8th July on Euronext Paris and Deutsche Börse Xetra with the ticker: CASHE FP and EDEG GY respectively.
Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “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 robust benchmark, aiming to provide precise and regulation-aligned access to euro short-term interest rates.”
Sabrina Principi, Global Head of Business Development – ETFs and Indices at BNP Paribas Asset Management, commented: “In a constantly evolving environment, we are delighted to announce the launch of a € overnight ETF, a strategy for which we have seen a growing interest from investors. We are proud to launch this new product in partnership with Solactive, an index provider who has a long-standing track record in overnight rate indices.”
BNPP AM manages ETFs and index funds assets totaling €60.6 billion as of end of May 2025. With its focus on diversification, sustainable investing, and thematic opportunities, BNP Paribas Easy ETF range offers versatile, cost-effective, and liquid investment solutions that cater to a wide range of investor needs.
