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Welcome to Lyxor ETF France
Please read the important information below before continuing to our website

The information on this website is published in the UK by Lyxor Asset Management UK LLP (Lyxor UK), which is authorized by Financial Services Authority in the UK, under FSA Registration Number 435658.

 

The website is hosted by Société Générale, Tours Société Générale, 17 cours Valmy 92987 Paris La Défense (technical team e-mail: par-itec-dai-clt-internet@sgcib.com).

 

professional client is one of the following:

– an entity required to be authorised or regulated to operate in the financial markets. The following list includes all authorised entities carrying out the characteristic activities of the entities mentioned, whether authorised by an EEA State or a third country and whether or not authorised by reference to a directive:

  • a credit institution
  • an investment firm
  • any other authorised or regulated financial institution
  • an insurance company
  • a collective investment scheme or the management company of such a scheme
  • a pension fund or the management company of a pension fund
  • a commodity or commodity derivatives dealer
  • a local firm
  • any other institutional investor

 

– in relation to MiFID or equivalent third country business, a large undertaking, meeting two of the following size requirements on a company basis:

 

  • balance sheet total of EUR 20,000,000
  • net turnover of EUR 40,000,000
  • own funds of EUR 2,000,000

 

– in relation to business that is neither MiFID or equivalent third country business, a large undertaking meeting either of the following conditions:

 

  • a body corporate (including a limited liability partnership) which has (or any of whose holding companies or subsidiaries has) called up share capital of at least £10 million (or its equivalent in any other currency at the relevant time);
  • a large undertaking that meets (or any of whose holding companies or subsidiaries meets) two of the following tests: (i) a balance sheet total of EUR 12,500,000; (ii) a net turnover of EUR 25,000,000; (iii) an average number of employees during the year of 250;
  • a national or regional government, a public body that manages public debt, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECP, the EIB) or another similar international organisation;
  • another institutional investor whose main activity is to invest in financial instruments (in relation to the firm's MiFID or equivalent third country business) or designated investments (in relation to the firm's other business). This includes entities dedicated to the securitisation of assets or other financing transactions.

 

The above definition is only an extract and is not exhaustive. For further details please refer to the Glossary section of the FSA Handbook: fsahandbook.info/FSA/html/handbook/Glossary/P

 

 

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 theAutorité 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 theUK regulatory system generally and for UK authorised funds 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 Financial Services Compensation Scheme, or by any similar scheme in France.

 

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

 

Counterparty risk:

 

Through Lyxor UCITS ETFs, investors are exposed to counterparty risk resulting from the use of OTC swaps with Société Générale. Pursuant to the UCITS Directive 2009/65/EC (as may be amended), the exposure of a UCITS to a swap counterparty which is a credit institution for the purpose of the Directive, cannot exceed 10% of the total fund assets. It is recommended that potential investors study the fund prospectus before investing.

 

As of 1st January 2013, the long term, senior, unsecured debt obligations of Société Générale were rated A by Standard and Poor’s Ratings Services (S&P) and A2 by Moody’s Investor’s Services Inc (Moody’s). Companies are rated by S&P from AAA (highest rating / most secure) to D (lowest rating / in default / most risky), and by Moody’s from Aaa (highest rating / most secure) to C (lowest rating / in default / most risky).

 

Liquidity risk:

 

Société Générale is not the only market-maker for Lyxor UCITS ETFs. Société Générale and any other market makers supporting Lyxor UCITS ETFs on exchange must follow the respective London Stock Exchange (LSE) requirements and guidelines. On-exchange liquidity may be limited as a result of a suspension in the underlying market represented by the index tracked by the ETF; a failure in the LSE, Société Générale 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

 

The tax statement is only a general guide. The tax treatment of investments will depend on an individual’s circumstances. If investors are in any doubt as to their tax position, they must consult with an appropriate professional tax adviser. This statement of the UK tax treatment of the product 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 the interpretation and application thereof, which changes could be made with retroactive effect.

 

Further information on the risk factors are available in the Risk Warning section of the website.

 

Any fund prospectus and supplements are available at www.lyxoretf.co.uk. 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 Lyxor UK and / or Société Générale consider reliable or comes from sources that Lyxor UK and / or Société Générale consider reliable, neither Lyxor UK nor Société Générale have verified such information. Lyxor UK and Société Générale 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.

 

 

I CONFIRM THAT I HAVE READ AND UNDERSTOOD THE IMPORTANT INFORMATION THAT IS CONTAINED ABOVE

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Privacy and Cookies Policy

This is the privacy and cookies policy for the Lyxor ETF website, which is operated by Lyxor Asset Management UK LLP (Lyxor UK).

  1. Collection of your information Lyxor UK may obtain personal information about you during the course of your participation with the Lyxor ETF website, sometimes through the use of on-line or off-line forms.
  2. Use of your information The information you voluntarily provide us through this website or email (which may include your name, company, address and contact details such as your telephone number, email address or fax number) will be used for the following purposes:

2.1. to send you information and updates about products on the Lyxor ETF website;

2.2. to satisfy your requests, such as publications or information relating to Lyxor ETF;

2.3. to respond to your query if you have emailed us with an enquiry (for example, in relation to any Lyxor ETF or a forthcoming publication or event);

2.4. to send you further information and marketing materials about our services, products, publications, events or keep you informed through our periodic newsletters provided that you have indicated that you are happy to be contacted for these purposes.

  1. Who do we share your information with? We may (to the extent necessary) pass your personal information to members of the Societe Generale Group and Lyxor UK’s partners, providers, and subcontractors (for whom we remain responsible in this regard) who assist us in providing the services we offer, such as fulfilling requests for information, receiving and sending communications, updating marketing lists, analysing data, providing support services or in other tasks from time to time. Our agents and contractors will only use your information to the extent necessary to perform their functions.
    In the event that we undergo re-organisation or are sold to a third party, you agree that any personal information we hold about you may be transferred to that re-organised entity or third party.
    We may disclose personal information about you if required to do so by law enforcement or other government or regulatory bodies and their officials or to third parties in connection with an investigation of fraud, intellectual property infringement, breach of any law or other activity that is illegal or which may expose us to legal liability, or in order to protect our rights and property.
  2. International Transfers Your personal data may be processed by staff operating outside the European Economic Area (“EEA”) or your local jurisdiction who work for us or for one of our suppliers chosen for their expertise in certain areas. This may, for example, happen if one or more of our servers are from time to time located in a country outside the EEA or one of our service providers is located in a country outside the EEA. If we transfer your information outside the EEA in this way, we will take steps to ensure that your privacy rights continue to be protected.
  3. What are Cookies and how are they used? This policy explains how our website uses Cookies. It forms part of the important information and the terms and conditions of our website.
    A cookie is a small file, typically of letters and numbers, downloaded on to a device when the user accesses certain websites. Cookies allow this website to recognise your computer throughout your session.
    The Lyxor ETF website uses a combination of the types of cookies listed below:
  4. What cookies do we use? What is the purpose of the Cookie? What is the shelf life?
    JSESSIONID These cookies are used to customise the visitor experience and save the user preferences by linking it to the website account. Session
    _ga This cookie name is asssociated with Google Universal Analytics - which is a significant update to Google's more commonly used analytics service.
    This cookie is used to distinguishes unique users by assigning a randomly generated number as a client identifier.
    2 Years
    _gat This cookie name is associated with Google Universal Analytics, according to documentation it is used to throttle the request rate - limiting the collection of data on high traffic sites. 10 minutes
    disclaimerinstit These cookies are used to remember if the visitor has accepted the disclaimer for institutional profile 1 Month
  5. How do I set my cookie preferences? Most web browsers allow some control of most cookies through the browser settings.
    You may also delete and block all cookies from the Lyxor ETF Website but parts of the Lyxor ETF website may not work.
    To find out more about cookies, including how to see what cookies have been set and how to manage and delete them, visit www.aboutcookies.org or www.allaboutcookies.org.
  6. Other websites The Lyxor ETF website may, from time to time, contain links to and from the websites of our partners, advertisers or other websites providing relevant information. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.
  7. Your rights of access and rights to modify your personal information You have the right to ask for a copy of the personal information we hold about you in our records by writing to Lyxor ETF, SG House, 41 Tower Hill, London EC3N 4SG. Alternatively, you can email info@lyxoretf.co.uk.
    You also have the right, at any time, to object to the processing of your personal information, to require us to correct any inaccuracies in your information or to remove such information or to request us not to process your personal data for marketing purposes. You should contact us at the above address if you wish to do any of these things. We will retain in our files certain information you have requested us to remove in order to resolve future disputes, to troubleshoot problems or to enforce the Terms. We will retain data only for the duration of the purpose for which it was obtained and may need to retain some details about you after your relationship with Lyxor UK has ended, for example for legal and regulatory purposes.
  8. What to do if you wish to stop hearing from us If you no longer wish to hear from Lyxor ETF about opportunities or if any of your details change, please inform us by email at info@lyxoretf.co.uk.
  9. Changes to our privacy policy Any changes we may make to our privacy policy in the future will be posted on this page and, where appropriate, may be notified to you by e-mail.
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