{
  "id": 8176391,
  "title": "Geldmarkt-ETFs: Alternative zu Tagesgeld bei steigenden Zinsen: Experten sehen Vorteile für zwei Anlegergruppen",
  "url": "https://urgent.news/2026/09/18/geldmarkt-etfs-alternative-zu-tagesgeld-bei-steigenden-zinsen",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T05:13:00.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/anlagestrategie/fonds-etf/geldanlage-fuer-wen-sich-geldmarkt-etfs-lohnen-und-worauf-sie-achten-sollten/100252857.html"
  },
  "original_language": "de",
  "account": "As the European Central Bank (ECB) raised its key deposit rate to 2.5% in September, it became more profitable to park short-term money. The ECB's policy rate is expected to continue climbing in the coming months, making interest-bearing investments more attractive for investors. While money market accounts remain a popular option, Geldmarkt-ETFs (GME) are gaining popularity among professional investors as well. Data from the Institute for Wealth Management (IVA) and the Qplix data platform shows that the Amundi overnight ETF was one of the most widely held passive investments among independent wealth managers in Germany by the end of June. Experts see two main groups of investors who could benefit from GME products. Business banks deal in short-term financial instruments, and passive managed GME products aim to mirror the yields obtained in those markets. There are generally two approaches to managing GME products: Overnight-ETFs usually track the European Short-Term Rate (ESTR) plus a small premium, while other GME products track the return on short-term Euro government bonds. Among the largest GME on the JustETF platform, a DWS product (ISIN: LU0290358497), the return was 2.03% over the past 12 months, close to the current deposit rate. Other GME products track the yield of a few-month Euro government bonds. An Amundi ETF for short-term Euro government bonds (ISIN: FR0010754200) earned 1.94% over the same period. The returns investors can expect from GME products over the next few months are significantly lower than the interest rates offered by some banks, such as Revolut, which offers up to 4.25% for new customers, and Chase, which currently offers 4%. However, both bank offers are limited to four months and a maximum amount. With GME products, investors can benefit from the automatic adjustment of their earnings to the market. Jan Tachtler, a financial advisor at HQ Trust, finds the products attractive for investors who have large cash reserves and receive the ECB's deposit rate only partially from their bank. \"For amounts up to €50,000, investing in GME could make sense for a few months,\" he said. Tachtler also sees these products as suitable for investing sums that exceed the statutory deposit insurance coverage at banks, which is €100,000 per customer per bank, and can be increased temporarily to €500,000. GME products are not insured, but they are special funds, so they are not affected by bankruptcy of the deposit-taking bank, regardless of the investment amount. Financial advisor Huber sees the decision between money market accounts and GME products as a matter of personal preference. \"Those who enjoy managing multiple money market accounts and regularly switching to the best offer may achieve a higher return than with GME,\" he says. However, investors should ensure that their deposits are protected by the statutory deposit insurance on each account. Experts advise two groups of investors for whom GME could be a useful tool. The first group consists of investors who want to avoid the effort of managing multiple money market accounts but still want to be sure of receiving a rate close to the ESTR. The second group consists of investors who want to invest more than €100,000. Risk remains a factor with the insolvency of a counterparty, as these products are usually synthetic replicas of the ESTR rate created through a swap with a counterpart. This creates a risk if that counterparty goes bankrupt. An example of a synthetic GME product is the €24 billion Xtrackers ETF, which tracks the current ESTR rate plus 0.085 percentage points. To mitigate counterparty risk, the Xtrackers ETF has entered into a swap agreement with Deutsche Bank, which provides the interest rate and posts collateral. In the event of counterparty insolvency, investors would still be entitled to their share of the ETF, which is a portfolio of securities. The counterparty's securities portfolio is adjusted daily based on the fund's volume. Heider advises investors to carefully examine the counterparty and collateral in these synthetic GME products. \"If the collateral consists of stocks, that could be a risk,\" he said.",
  "summary": "Geldmarkt-ETFs sind eine Alternative zum Tagesgeld. Für welche zwei Anlegertypen sie sich eignen und worauf Anleger bei der Auswahl achten sollten.",
  "key_points": [
    "ECB raised deposit rate to 2.5%, making interest-bearing investments more attractive",
    "Geldmarkt-ETFs (GME) gaining popularity among professional investors"
  ],
  "editors_take": "Geldmarkt-ETFs offer advantages for investors with large cash reserves who receive limited ECB deposit rates from their bank and those investing sums exceeding statutory deposit insurance coverage.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}