Real Yield Dashboard

European Fixed Income Analysis — After-Tax Real Returns vs. Inflation

Best Money Market ETFs in Portugal

Investing in Money Market ETFs is a key strategy for Portugal residents looking to protect their savings. Currently, the European Central Bank (ECB) maintains the €STR rate at a level that significantly impacts many fixed-income products across the eurozone.

With an annual inflation rate of approximately 2.4% in Portugal, finding yields that provide a positive real return after taxes of 28.0% is crucial for maintaining your long-term purchasing power.

Money Market ETFs Yields in Portugal

TypeInstitution / ProductGross YieldAfter TaxReal YieldStatusDetails
Money Market ETFs
Xtrackers EUR Overnight Rate (XEON)EU
2.08%1.43%-0.97%Loses to InflationTER: 0.10%, tracks €STR, liquid daily
Money Market ETFs
Lyxor Smart Overnight Return (CSH2)EU
1.96%1.34%-1.06%Loses to InflationTER: 0.10%, accumulating, liquid daily
Money Market ETFs
Amundi Prime Euro LiquidityEU
1.94%1.32%-1.08%Loses to InflationTER: 0.10%, distributing, T+1 liquidity
Money Market ETFs
iShares € Ultrashort Bond (SEGA)EU
1.89%1.29%-1.11%Loses to InflationTER: 0.09%, very short duration bonds
Money Market ETFs
Invesco Euro LiquidityEU
1.92%1.29%-1.11%Loses to InflationTER: 0.12%, accumulating, daily liquidity
Money Market ETFs
BlackRock ICS Euro LiquidityEU
1.85%1.23%-1.17%Loses to InflationTER: 0.15%, high quality short-term money market fund