Xtrackers GBP Overnight Rate Swap

Money market fund

(XSTR)
£182.98
Previous business day’s close price
+£18.92 (+10.43%)
max available period
£181.22
£200.33

04 Jan 21
13 Dec 24

Details

ETF description

This ETF aims to replicate the performance of the SONIA rate. SONIA stands for 'Sterling Overnight index Average', and is the average interest rate banks lend money to each other overnight.

The ETF is aimed at investors looking for a safe place to keep their money with a little more growth than a traditional savings account might offer. It invests in very short‑term, high‑quality debt from governments and companies, making it less risky. This fund may appeal to investors who need their money to be relatively accessible and want to avoid the ups and downs of the stock market.

Issuer details

Xtrackers is a large and established provider of high quality ETFs and exchange traded commodities (ETCs). It is the ETF and ETC segment of the German asset manager DWS.

Xtrackers ETFs are listed on eleven stock exchanges globally and have over £169.53bn (as at June 2024) in assets under management, making Xtrackers one of the largest providers of ETFs and ETCs by AUM.

Index details

The Sterling Overnight index Average (SONIA) is a benchmark interest rate for overnight unsecured transactions in the British sterling market. It reflects the average rate paid by banks for overnight funds and is administered by the Bank of England.

This rate is significant in the financial markets as it serves as a reference rate for various financial products, including loans, derivatives, and securities. It replaced the London Interbank Offered Rate (LIBOR) for British sterling, providing a more reliable and accurate reflection of market conditions due to its basis on actual transactions rather than estimates.

This ETF is in collections:

£182.98
Previous business day’s close price

Capital at risk

Why InvestEngine

Unbeatable value

From commission‑free investing, to zero‑ISA fees, we’re proud of our low fees.
Here's how we're able to do it

Choice of 700+ ETFs

Low cost, diversified, index‑tracking of stock markets, bonds and commodities.
Browse investments

Actionable insights

Know exactly which companies, sectors and regions are in your portfolio.

Powerful automation

Grow your wealth the easy way with automated investing features

Easy diversification

Fractional investing lets you put as little as £1 in any ETF.

DIY or Managed

Build and manage your own portfolio or leave it to us.

ETFs have spreads and annual charges and come with risks like market volatility, liquidity, and concentration, and may not always accurately track their index. Past performance and forecasts are not reliable indicators of future results. The value of your investments, including any income, can rise or fall. You may get back less than you originally invested.
Whenever you invest, your capital is at risk
This could mean the value of your investments goes down as well as up.
Understand more about investment risk.
© InvestEngine Limited 2024. All rights reserved.