The money market fund Smart Cash invests in has received the highest credit quality rating (AAA, indicating lowest possible risk) from the three major rating agencies (S&P, Moody's, and Fitch).
The fund has a total value of €50+ billion and is managed by BlackRock, one of the world’s leading providers of investment, advisory, and risk management solutions.
Although money market funds prioritize the preservation of capital and liquidity, no investment is entirely risk-free. The bank deposit guarantee does not apply to investments in money market funds, and the risk for capital loss is not zero. Moreover, in certain (unlikely) circumstances, the right to redeem money market fund shares may be suspended, and liquidity fees may be applied by the fund manager. You can read more about the investment risk in the fund’s prospectus.