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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.  

By clicking on your client type to enter the website, you are confirming that you have read and understood the important information that is contained below, and you accept the terms of the Privacy and Cookies policy.

THIS WEBSITE IS AIMED AT PROFESSIONAL CLIENTS IN DENMARK

This website is published by Lyxor International Asset Management (LIAM), a French asset management company approved by the AMF (17 place de la Bourse 75082 Paris Cedex 02) under the UCITS (2009/65/EC) and AIFM (2011/31/EU) directives.

The website is hosted by on Microsoft Azure servers.

This website is subject to French and Danish law.

 

A professional client is a client that is either a per se professional client or an elective professional client (Note article 4 (1) 12 of Mifid )

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, , of the protections provided by the Danish regulatory system generally and for funds authorised in Denmark do not apply to these exchange traded funds (ETFs).

 

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 Financial Services Compensation Scheme (“FSCS”), or 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.dk. 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 [Cookies Policy] link to privacy & cookie page.

By clicking on your client type to enter 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.

August, 2015

 

 

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

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Preparing for the investor of tomorrow

The ETF market is growing faster than ever before, attracting new investors every day. Our reach spans right across Europe, extending from institutional investors to individual retail clients.

New regulations like MIFID 2 and PRIPS are fuelling this rise, attracting new clients like wealth managers to the market. This has strong implications for us and the range we offer.

We are making changes to our range now so that we can answer the needs of all of our investors now, and in the future.


The ETF market is more diverse than ever before. We are making the changes now to ensure our ETFs meet the needs of every investor.

Arnaud-Llinas

Arnaud Llinas,
Head of ETFs & Indexing

Lyxor ETF conversions to French SICAV

Date Fund Mnemo Q&A Identifiers Notice

06/09/2018

Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc DSB Lyxor PDF Lyxor PDF Lyxor PDF

06/09/2018

Lyxor Euro Cash UCITS ETF - Acc CSH Lyxor PDF Lyxor PDF Lyxor PDF

06/09/2018

Lyxor MSCI Emerging Markets UCITS ETF - C-EUR LEM Lyxor PDF Lyxor PDF Lyxor PDF

06/09/2018

Lyxor MSCI World UCITS ETF - Dist WLD Lyxor PDF Lyxor PDF Lyxor PDF

06/09/2018

Lyxor World Water UCITS ETF - Dist WAT Lyxor PDF Lyxor PDF Lyxor PDF

20/09/2018

Lyxor EURO STOXX 50 (DR) UCITS ETF - Dist MSE Lyxor PDF Lyxor PDF Lyxor PDF

20/09/2018

Lyxor EURO STOXX 50 (DR) UCITS ETF - Daily Hedged to USD - Acc MSEU Lyxor PDF Lyxor PDF Lyxor PDF

20/09/2018

Lyxor EURO STOXX 50 (DR) UCITS ETF - Daily Hedged to GBP - Acc MSEX Lyxor PDF Lyxor PDF Lyxor PDF

20/09/2018

Lyxor FTSE MIB UCITS ETF - Dist ETFMIB Lyxor PDF Lyxor PDF Lyxor PDF

20/09/2018

Lyxor IBEX 35 (DR) UCITS ETF - Dist LYXIB Lyxor PDF Lyxor PDF Lyxor PDF

20/09/2018

LYXOR JAPAN (TOPIX) (DR) UCITS ETF - D-EUR JPN Lyxor PDF Lyxor PDF Lyxor PDF

20/09/2018

Lyxor Japan (TOPIX) (DR) UCITS ETF - Daily Hedged to EUR - Dist JPNH Lyxor PDF Lyxor PDF Lyxor PDF

20/09/2018

Lyxor MSCI Europe UCITS ETF - Dist MEU Lyxor PDF Lyxor PDF Lyxor PDF

20/09/2018

Lyxor MSCI USA UCITS ETF - Dist USA Lyxor PDF Lyxor PDF Lyxor PDF

ETF Lyxor convertis en SICAV Luxembourgeoise 

Date Fonds Mnemo Q&A Identifiers Prospectus Notice KIID

25/10/2018

Euro Corporate Bond CRP Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

25/10/2018

Euro Corporate Bond Ex Financials CNB Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

25/10/2018

EuroMTS Covered Bond Aggregate ECB Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

25/10/2018

Barclays Floating Rate Euro 0-7Y FLOT Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

25/10/2018

iBoxx $ Treasuries 10Y+ (DR) UCITS ETF - Dist US10 Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

25/10/2018

iBoxx $ Treasuries 10Y+ (DR) UCITS ETF - Monthly Hedged to EUR – Dist US10 Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

25/10/2018

BofAML € High Yield Ex-Financial Bond YIEL Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

25/10/2018

iBoxx $ Liquid Emerging Markets Sovereigns UCITS ETF - D-USD LEMB Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

25/10/2018

iBoxx $ Liquid Emerging Markets Sovereigns UCITS ETF - Monthly Hedged D-EUR LEMB Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

08/11/2018

Lyxor Euro Stoxx Banks (DR) UCITS ETF BNKE Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

08/11/2018

Lyxor MSCI All Country World UCITS ETF ACWI Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF

08/11/2018

Lyxor Ultra Long Duration Euro Govt FTSE MTS 25Y DR UCITS ETF MTH  Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF Lyxor PDF
22/11/2018

Lyxor FTSE EPRA/NAREIT Developed Europe

MEH  Lyxor PDF Lyxor PDF  Lyxor PDF Lyxor PDF

Next steps 

Compartments Name                ISIN Code 
Lyxor Commodities Thomson Reuters/CoreCommodity CRB TR UCITS ETF - Acc LU1829218749
Lyxor New Energy UCITS ETF - Dist LU1812091780
Lyxor STOXX Europe 600 Banks UCITS ETF - Acc LU1834983477
Lyxor China Enterprise (HSCEI) UCITS ETF - Acc
Lyxor China Enterprise (HSCEI) UCITS ETF - USD FR0010377010
Lyxor Hong Kong (HSI) UCITS ETF - Dist FR0010361675
Lyxor MSCI AC Asia Pacific Ex Japan UCITS ETF - Acc FR0010312124
Lyxor MSCI AC Asia Pacific ex Japan UCITS ETF - USD FR0010372185
Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc FR0010652867
Lyxor MSCI Korea UCITS ETF - C-EUR FR0010361691
Lyxor MSCI EM Latin America UCITS ETF - Acc FR0010410266
Lyxor MSCI Taiwan UCITS ETF - Acc FR0010444786
Lyxor MSCI Malaysia UCITS ETF - Acc FR0010397554
Lyxor MSCI Select OECD Emerging Markets GDP UCITS ETF - Acc FR0011645605

Find out more about Lyxor

Download

Introducing Lyxor ETF

Read more about the original pioneers


Download

Read more about the original pioneers

The Lyxor product range is evolving

Arnaud Llinas comments on the rise of Lyxor


The spirit of a true pioneer