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Please read the important information below before continuing to our website

Please read the important information below before continuing to our website.  

To enter the website, please confirm that you have read and understood the important information that is contained below by clicking "I Accept" at the bottom of this page.

THIS WEBSITE IS AIMED AT PROFESSIONAL INVESTORS IN THE NETHERLANDS

This website is published by Lyxor International Asset Management (LIAM), a French asset management company approved by the Autorité des Marchés Financiers (the French Financial Markets Authority) (AMF) (17 place de la Bourse 75082 Paris Cedex 02) under the UCITS (2009/65/EC) and AIFM (2011/31/EU) directives. LIAM is registered in the Netherlands in the public register of the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) as a manager (beheerder) of a UCITS.

The website is hosted on Microsoft Azure servers.

This website is subject to French and Dutch law.

 

A professional investor is a professional investor (professionele belegger) within the meaning of the Act on the Financial Supervision (Wet op het financieel toezicht) (AFS).

A professional investor within the meaning of the AFS is one of the following:

  • a bank
  • a collective investment scheme (UCITS or AIF) and a management company of such scheme
  • a pension fund and management company of such fund
  • an investment firm
  • a national or regional governments, public bodies, central bank, international or supranational financial organisation or other type of international organisation
  • a market maker
  • a local: party trading only for its own account or providing quotes for trades in derivatives
  • an insurance company
  • a financial institution
  • commodity and commodity derivatives dealers
  • institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or other financing transactions
  • large undertakings meeting two of the following size requirements on a company basis (a) balance sheet total of EUR 20,000,000, (b) net turnover of EUR 40,000,000 and (c) own funds of € 2,000,000

 

Please note that the above summary is provided for information purposes only. If you are uncertain as to whether you can be classified as a professional investor within the meaning of the AFS then you should seek independent advice.

 

Marketing Restrictions and Implications

 

Lyxor UCITS compliant Exchange Traded Funds (Lyxor UCITS ETFs) referred to on this website are open ended mutual investment funds (i) established under the French law and approved by the Autorité des Marchés Financiers (the French Financial Markets Authority), or (ii) established under the Luxembourg law and approved by the Commission de Surveillance du Secteur Financier (the Luxembourg Financial Supervisory Committee). Most, if not all, of the protections provided by the Dutch regulatory system generally and for funds authorised in the Netherlands do not apply to these exchange traded funds (ETFs). In particular, investors should note that holdings in this product will not be covered by the provisions of the UK Financial Services Compensation Scheme, the Dutch Investor Compensation Scheme (beleggerscompensatiestelsel) or by any similar scheme.

 

This website is exclusively intended for persons who are not "US persons", as such term is defined in Regulation S or the US Securities Act 1933, as amended, and who are not physically present in the US. This website does not constitute an offer or an invitation to purchase any securities in the United States or in any other jurisdiction in which such offer or invitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. Potential users of this website are requested to inform themselves about and to observe any such restrictions.

 

Index Replication Process

 

Lyxor UCITS ETFs follow both physical and synthetic index replication process.

 

However, most Lyxor UCITS ETFs follow synthetic replication process. This consists of entering into a derivative transaction (a ‘Performance Swap’, as defined below) with a counterparty that provides complete and effective exposure to its benchmark index. Lyxor has adopted this methodology in order to minimise tracking error, optimise transaction costs and reduce operational risks.

 

A Performance Swap is a contractual agreement which is negotiated over-the-counter (OTC) between two parties: the Lyxor UCITS ETF and its counterparty. From a risk perspective, each Performance Swap ranks equally with other senior unsecured obligations of the counterparty, such as common bonds (i.e., same rights to payments). In the Performance Swap, the counterparty of the Lyxor UCITS ETF commits to pay the Lyxor UCITS ETF a variable return based on a pre-determined benchmark index, instead of a fixed stream of income (as in bonds). At the same time, the counterparty will receive from the Lyxor UCITS ETF the performance and any related revenues generated by the basket's assets (excluding the value of the Performance Swap) held by the Lyxor UCITS ETF. Information provided on individual ETFs includes data on the basket relating to the ETF and the percentage value of the basket represented by each asset. The information is relevant to the closing values on the date given. 

 

Investment Risks

 

The Lyxor UCITS ETFs described on this website are not suitable for everyone. Investors' capital is at risk. Investors should not deal in this product unless they understand, having obtained independent professional advice where necessary, its nature, terms and conditions, and the extent of their exposure to risk. The value of the product can go down as well as up and can be subject to volatility due to factors such as price changes in the underlying instrument and interest rates. If a fund is quoted in a different currency to the index, currency risks exist.

 

Prior to any investment in any Lyxor UCITS ETF, you should make your own appraisal of the risks from a financial, legal and tax perspective, without relying exclusively on the information provided by us. We recommend that you consult your own independent professional advisors (including legal, tax, financial or accounting advisors, as appropriate).

 

Specific Risks

 

·         Capital at Risk. ETFs are tracking instruments: Their risk profile is similar to a direct investment in the Benchmark Index. Investors’ capital is fully at risk and investors may not get back the amount originally invested. Investments are not covered by the provisions of the UK Financial Services Compensation Scheme, the Dutch Investor Compensation Scheme (beleggerscompensatiestelsel) or by any similar scheme.

·         Counterparty Risk. Investors may be exposed to risks resulting from the use of an OTC Swap with Societe Generale. Physical ETFs may have Counterparty Risk resulting from the use of a Securities Lending Programme.

·         Currency Risk. ETFs may be exposed to currency risk if the ETF or Benchmark Index holdings are denominated in a currency different to that of the Benchmark Index they are tracking. This means that exchange rate fluctuations could have a negative or positive effect on returns.

·         Replication Risk. ETFs are designed to replicate the performance of the Benchmark Index. Unexpected events relating to the constituents of the Benchmark Index may impact the Index provider’s ability to calculate the Benchmark Index, which may affect the ETF’s ability to replicate the Benchmark Index efficiently. This may create Tracking Error in the ETF.

·         Underlying Risk. The Benchmark Index of a Lyxor ETF may be complex and volatile. When investing in commodities, the Benchmark Index is calculated with reference to commodity futures contracts which can expose investors to risks related to the cost of carry and transportation. ETFs exposed to Emerging Markets carry a greater risk of potential loss than investment in Developed Markets as they are exposed to a wide range of unpredictable Emerging Market risks.

·         Liquidity Risk. On-exchange liquidity may be limited as a result of a suspension in the underlying market represented by the Benchmark Index tracked by the ETF; a failure in the systems of one of the relevant stock exchanges, Societe Generale or other Market Maker systems; or an abnormal trading situation or event. 

The securities can be neither offered in nor transferred to the United States.

 

Tax

 

Any statement in relation to tax, where made, is generic and non-exhaustive and is based on our understanding of the laws and practice in force as of the date of this document and is subject to any changes in law and practice and the interpretation and application thereof, which changes could be made with retroactive effect. Any such statement must not be construed as tax advice and must not be relied upon. The tax treatment of investments will, inter alia, depend on an individual’s circumstances. Investors must consult with an appropriate professional tax adviser to ascertain for themselves the taxation consequences of acquiring, holding and/or disposing of any investments mentioned on this website. 

Further information on the risk factors are available in the [Risk Warning – link to risk page] section of the website.

 

Any fund prospectus and supplements are available at www.lyxoretf.nl. Information given about the past performance of the funds is no guarantee of future performance. No investment decision should be taken without reading the fund prospectus and any fund supplement of the fund concerned.

 

Although the content of the website is based upon information that LIAM consider reliable or comes from sources that LIAM consider reliable, LIAM have not verified such information. Lyxor make no representation or warranty as to the accuracy, completeness or adequacy of any information.  Any reproduction, disclosure or dissemination of the materials available on the website is prohibited.

 

Cookies

This website uses cookies to make the website work or improve your user experience. Cookies are small text files that are saved on your computer or device, which are used for several purposes such as detecting preferences and improving site navigation. By continuing to use this website you consent for cookies to be used. For more details, including how to amend your preferences, please read our [Privacy and Cookies Policy] link to privacy & cookie page.

By clicking "I Confirm" to the Terms of this website and accessing the information on the website, you shall be deemed to have represented to us that you are not a U.S. person and that you are not located in the United States of America, its territories and possessions, and any State of the United States of America and that you are authorised to receive the information to and on this website.

 

 

I CONFIRM THAT I HAVE READ AND UNDERSTOOD THE IMPORTANT INFORMATION THAT IS CONTAINED ABOVE, CONFIRM THAT I AM A PROFESSIONAL INVESTOR AND ACCEPT THE TERMS OF THE PRIVACY AND COOKIES POLICY.

By continuing to browse the site, you are agree on the use of cookies to track the number of visits.To know more about cookies policy:click here

PERSONAL DATA AND COOKIES POLICY

POLICY COVERING THE PROTECTION OF PERSONAL DATA APPLYING TO THE PRODUCTS AND SERVICES OF THE LYXOR GROUP

This policy applies to all personal data processed by entities belonging to Lyxor Group1 acting as the data processor.

The Lyxor Group attaches great importance to the protection of your personal data. Whenever you provide us with personal data, we will handle it in accordance with the Policy set out below and with the applicable legal and statutory provisions.

We act as the data processor when processing your personal data within the framework of our portfolio management activities. The main aim of this policy is to inform you about the purposes of such processing, how long we keep your data for, your rights and how to exercises these rights.


  • What personal data do we process?

We only collect the personal data necessary for the conduct of our activities and that allow us to introduce you to our products and services, whether you are a potential client, a client, a visitor to our websites or a service provider.

We may collect different categories of personal data such as, in particular, your last name, first name, IP address, postal and email address, telephone number, nationality, place and date of birth, ID card or passport number.


  • Why and on what legal bases do we use your personal data?

When you browse our website, we may collect some of your personal data and specifically your IP address. In some cases, you will also provide us with your last name, first name, telephone number and email address by completing forms or via contact pages, in particular for the following purposes:

  • Managing your connection and browsing. Your personal data may be retained for a period of one (1) year, counting from the date on which your data were collected.
  • Replying to your requests sent via the website. Your personal data may be retained for a period of three (3) years, counting from the last contact date;
  • Providing news relating to our products and services by means of newsletters. Your personal data may be retained until you unsubscribe; and
  • Commercial prospection. Your personal data may be retained for a period of three (3) years, counting from the date on which business relations ended, or the date on which a potential client last contacted us.

Furthermore, we may process your personal data for the following purposes:

  • To comply with our legal and statutory obligations, among which:
    • combatting money laundering and the financing of terrorism, and in particular verifying and updating "Know Your Customer – KYC" data. Your personal data may be retained, as part of the KYC process, for a period of six (6) years, counting from the date on which business relations ended;

    • compliance with the applicable legislation governing international sanctions and embargos. Your personal data may be retained for a period of five (5) years, counting from the date on which business relations ended;

    • combatting tax fraud, complying with obligations regarding tax returns and declarations. Your personal data may be retained for a period of ten (10) years, counting from the declaration;

    • compliance with the regulations associated with financial markets by virtue of which we need, in particular, to:

      • carry out due diligence operations. Your personal data may be retained for a period of five (5) years, counting from the date on which business relations ended;

      • meet our reporting obligations to the competent Authorities. Your personal data may be retained for a period of five (5) years, counting from the date on which business relations ended;

      • record conversations and communications regardless of their media (electronic or paper correspondence, faxes, telephone interviews, etc.) Depending on the cases covered by the regulations, your personal data may be retained for a period of seven years, counting from the date on which they were recorded;

    • in replies to official requests from duly authorised public or judicial authorities. Your personal data may be retained for a period of five (5) years, counting from the date of the reply;

  • To assist you and reply to your requests made via our websites or addressed to us by email or on the telephone, especially so as to provide you with information relating to our products and services. Your personal data may be retained for a period of three (3) years, counting from the date on which you last contacted us;

  • To monitor and manage the business relations we have with each of our clients and potential clients. Clients' personal data may be retained for a period of three (3) years, counting from the date on which business relations ended; personal data relating to a potential client may be retained for a period of three (3) years, counting from the date on which they were collected or the date on which a potential client last contacted us.

  • To provide you, under certain conditions, with the contact details of our portfolio managers. Your personal data may be retained for a period of three (3) years, counting from the date of your last connection to the relevant website;

  • To provide news relating to our products and services by means of newsletters. Your personal data may be retained until you unsubscribe;

  • To carry out commercial prospection, subject to you exercising your right of objection, by informing you, in particular, of our news, if that could be of interest to you (sales events, updates or additional publication about our products an services...). Your personal data may be retained for a period of three (3) years, counting from the date on which business relations ended, or the last date on which a potential client last contacted us;

  • To combat fraud. Your personal data may be retained for a period of ten years, counting from the date on which the judicial file was closed;

  • To manage our relations with the press. If you are a journalist, your personal data may be retained for a period of three (3) years, counting from the last contact date.

Your personal data are processed with respect for your fundamental freedoms and rights, with regard to:

  • the execution of a contract,
  • compliance with a legal or statutory obligation incumbent upon us,
  • the pursuit of our legitimate interests, or
  • obtaining explicit consent from you, which we will seek in the event of the personalisation, targeting and/or optimisation of our offers and services. You can, therefore, withdraw your consent at any time.

 

We may also aggregate your data in order to establish anonymised marketing reports.

Your personal data may be retained for the period necessary to achieve the purpose for which they were collected as referred to above, within the prevailing time limits. They will subsequently be deleted. Exceptionally, these data may be stored to manage ongoing complaints and disputes, as well as to meet our legal or statutory obligations and/or to reply to requests from duly authorised authorities.

Accounting data may be retained for a period of ten (10) years in accordance with the applicable legislation.

  • Communication with third parties

Lyxor is likely to communicate your personal data to its partners and distributors, as well as to its subcontractors and providers, within the limits necessary to achieve the purposes set out above.

Lyxor may also communicate your data to meet its legal or statutory obligations, or to respond to requests from authorities duly authorised to make such requests.

  • Transfer of personal data outside the EEA

Due, in particular, to the international dimension of Lyxor Group and in order to provide our services, the processing referred to above is likely to involve the transfer of personal data to non-member countries of the European Economic Area (EEA) whose laws on personal data protection differ from those of the European Union. In this case, a precise and demanding framework, complying with the models adopted by the European Commission, as well as appropriate security measures, have been put in place to ensure the protection of personal data.

Transfers of personal data outside the EEA take place in conditions and with guarantees suitable for ensuring the confidentiality and security of such data in accordance with the applicable legislation. To this end, we implement all the appropriate technical and organisational measures to ensure the security of your personal data which could be communicated to the authorised administrative and judicial authorities in the country concerned, in particular concerning the fight against money laundering and the financing of terrorism, the fight against fraud and the determination of a person's tax status.

  • What are your rights and how can you exercise them?

You have several rights when it comes to protecting your personal data:

  • Rights of access and rectification,
  • Right to erasure,
  • Right to limitation in time with regard to data processing, and
  • Right to data portability.

You can also object at any time, for reasons relating to your specific situation, to your personal data being processed. It is stated that the exercise of some rights may result, on a case-by-case basis, in it being impossible for Lyxor to provide a product or a service.

You can also, at any time and free of charge and without having to provide reasons for your request, object to your data being used for commercial prospection or being communicated to third parties for the same.

You can exercise your rights by contacting the Personal Data Protection Officer at the following address client-services-etf@lyxor.com.

You have the right to complain to the National Commission for Data Protection (Commission Nationale de l’Information et des Libertés (CNIL)), the supervisory authority responsible for ensuring compliance with personal data protection obligations.

  • How do we guarantee the security of your data?

We do our utmost to implement technical and organisational measures designed to protect your data. We insist that our staff and all third parties who work for us observe strict standards regarding the security and protection of information and meet contractual obligations under which they commit to protecting all personal data and applying strict measures regarding the transfer of data.

  • How can you find out about the changes to the Personal Data Protection Policy?

This Policy may be updated at any time without notice or systematic notification.

If you have printed or saved this Policy, please consult the latest version of the Policy available on our websites.

  • How can you contact us?

If you have any questions about the use of your personal data within the framework of this Policy, please contact the Data Protection Officer by writing to the following address client-services-etf@lyxor.com

 

COOKIES POLICY

The website uses cookies.

  • What is a cookie?

A cookie is a text file that may be stored in a special location on the hard drive of your device* when you consult an online service using your web browser. A cookie file allows its transmitter to identify the device on which it is stored, during the period of validity or storage of the said cookie.

* Device means the hardware (computer, tablet, smartphone...) that you use to consult or view on a site, an application, advertising content, etc.

  • Which cookies do we use?

We use the cookie types designed for the purposes set out below:

  • Functionality cookies

These cookies are not essential to browsing our website but they help optimise its functioning and give you access to specific features.

They also allow you to adapt the appearance of our website to your device's display preferences. These cookies therefore allow fluid and tailored navigation.

Placing cookies in your device is the easiest and fastest way to customise and improve your user experience.

These functionality cookies include:

Cookies What data is collected? Use
JSESSIONID
User profileDuration: user session

This cookie is used to personalise your navigation of the website as well as to safeguard user preferences by linking them to the user's account.
disclaimerinstit
User profileDuration: 1 month

This cookie is used to remember the choice of user profile (retail or institutional) for the disclaimer.
  • Analytical cookies

There are cookies that allow us to better understand the use and performance of our site, to establish statistics, traffic volumes and use of the various elements of our site (content visited, clickstream) so that we can improve the interest and the ergonomics of our services (most visited pages or headings, most read articles...).

These cookies are:

Cookies What data is collected? Retention period Use
_ga
Web pages visited on our website Duration: 2 years
 
This cookie is associated with Google Universal Analytics - which is a significant upgrade to Google Analytics and often used as an analytics service.
This cookie is associated with Google Universal Analytics - which is a significant upgrade to Google Analytics and often used as an analytics service. This cookie is used to distinguish each user by assigning a random number used as a client identifier.
_gat
Web pages visited on our website Duration: 10 minutes
 
This cookie is associated with Google Universal Analytics. It is used to reduce the number of requests made to collect data.

 

  • Third party cookies

The generation and use of cookies by third parties are governed by the cookie policies of these third parties. We provide information on the object of the cookies of which we are aware and on the choices you have regarding these cookies.

  • How to refuse / delete cookies

Saving a cookie to a device is essentially dependent on the wishes of the user of the device, which the user can express and modify at any time and free of charge.

If you have accepted the use of cookies in your web browser, cookies integrated in the pages and content that you have visited may be stored temporarily in a dedicated area of your device.

If you refuse to allow cookies to be stored in your device, or if you delete those that are stored there, you will no longer benefit from a number of our site's features.

This is how to accept/decline or delete the cookies on our site:

Setting up your browser

Most browsers accept cookies by default. However, you can decide to block these cookies or ask your browser to warn you when a site attempts to implement a cookie on your device.

To change your browser's cookie management, you can change the settings in the privacy tab.

Each browser is configured differently for managing cookies and choices. The configuration is described in your browser's help menu; consult it to find out how to modify your cookie preferences.

For Internet Explorer

In Internet Explorer, click the Tools button, then select Internet Options.

In the General tab, under Browsing History, click Settings.

Click the Show Files button.

Click the Name column header to sort the files in alphabetical order, then go through the list until you see files beginning with the prefix "Cookie". (All cookies have this prefix and usually contain the name of the website which created the cookie).

For Firefox

Go to the "Tools" tab of the browser then select the "Options" menu.

In the window that appears, choose 'Privacy" and click "Show cookies".

In the window that appears, choose 'Privacy" and click "Show cookies".

Locate the files, select them and delete them.

For Safari

In your browser go to the Edit > Preferences menu.

Click Security

Click Show cookies

Select the cookies and click Delete or Delete All.

After deleting the cookies, click Done.

For Google Chrome

Click the Tools menu icon.

Select Options.

Click the Advanced Options table and go to the "Confidentiality" section.

Click the Show cookies button.

Select them and delete them.

Click "Close" to return to your browser.

 

The cookie stored when using the sharing buttons is also included on this platform.

 

NB: Taking your wishes into account depends on the use of cookies. If you delete all the cookies stored on your device (via your browser), we or our providers will not know you have chosen this option.

  • Links to websites managed by third parties

The Lyxor ETF website can, from time to time, contain links redirecting you to the websites of our partners, to advertising sites or other websites that can contain important information. If you use one of these links, please be aware that these sites have their own cookie policies and we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

More information about cookies

See the CNIL website: http://www.cnil.fr/vos-droits/vos-traces/les-cookies/

[1] Lyxor Asset Management, Lyxor International Asset Management, Lyxor Intermédiation, Lyxor Asset Management UK LLP, Lyxor Asset Management Inc., Lyxor Asset Management Japan Co., Ltd.