Solactive Money Market Indices Underpin New Suite Of Overnight Rate ETFs Launched By UBS Asset Management

Solactive is pleased to announce that three newly launched Overnight Rate ETFs from UBS Asset Management are now tracking the Solactive Money Market Index Series. The products are aiming to offer investors access to the €STR, SOFR, and SONIA overnight rates in EUR, USD, and GBP respectively.

ETF NAME	TICKER	INDEX NAME
UBS EUR Overnight Rate SF UCITS ETF	EUROON	Solactive €STR Daily Total Return Index
UBS USD Overnight Rate SF UCITS ETF	USDO	Solactive SOFR Daily Total Return Index
UBS GBP Overnight Rate SF UCITS ETF	GBPO	Solactive SONIA Daily Total Return Index

The ETFs come with a total expense ratio (TER) of 0.10%. Employing synthetic replication, each ETF is designed to deliver precise exposure to its corresponding overnight rate index while offering operational efficiency.

The underlying Solactive indices are part of the Solactive’s expanding Money Market Index Series, designed to accurately reflect the interest accrued on notional overnight deposits with consistency and precision. The indices capture the daily compounding of the Euro Short-Term Rate (€STR), the Secured Overnight Financing Rate (SOFR), and the Sterling Overnight Index Average (SONIA), applying a one-day interest rate lag and an appropriate day count convention without incorporating any spread. This methodology provides a robust, transparent benchmark for cash management strategies.

The ETFs were listed on 10th June on the SIX Swiss Exchange, Deutsche Börse Xetra, Borsa Italiana, and the London Stock.

Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “The Solactive Money Market Index Series aims to provide a robust and rules-based foundation for short-duration strategies. This new offering expands investor access to daily resetting benchmarks in an increasingly rate-conscious environment.”