Welcome to Switzerland
Change Country
Please scroll down the disclaimer to enter the website
Please read the important information below before continuing to our website

Important information for qualified investors

The UCITS ETFs listed on this website are funds under both Amundi ETF and Lyxor ETF denomination.

By clicking on "Accept", you confirm that you have read, understood and agreed to the below terms of use.

Additionally, you confirm that you are a qualified investor within the meaning of Swiss collective investment schemes law with residence or domicile in Switzerland. Moreover, you acknowledge that certain funds referred to on this website may not be offered to investors in Switzerland who are not qualified investors within the meaning of Swiss collective investment schemes law.

If you are not a qualified investor within the meaning of Swiss collective investment schemes law with residence or domicile in Switzerland please contact :

Amundi Suisse SA, Rue De-Candolle 6, 1205 Genève, Switzerland.

Or the Swiss representative for our ETFs: Société Générale , Zurich Branch, Talacker 50, Box 1928, CH-8021 Zurich, Suisse.

******

Financial services providers and investment professionals

By accessing this website and the products, services, information and material contained or described herein, you acknowledge your agreement with and understanding of the following terms of use:

Access restricted to qualified investors

The information on this website is exclusively directed at qualified investors within the meaning of the Federal Act of Collective Investment Schemes (CISA) and its implementing ordinance as well as according to the most recent interpretation of the Swiss Financial Market Supervisory Authority (FINMA).

The information on this website is exclusively directed at qualified investors with residence or domicile in Switzerland.

The following are considered qualified investors

Qualified investor: definition

Qualified investors within the meaning of Article 10 of the Swiss Federal Collective Investment Schemes Act of 23 June 2006 (“CISA”) and the Collective Investment Schemes Ordinance of 22 November 2006 (“CISO”) are essentially the following:

1.regulated financial intermediaries such as banks, securities traders, fund management companies and asset managers of collective investment schemes as well as central banks;

2.regulated insurance institutions;

3.public entities and retirement benefits institutions with professional treasury operations;

4.companies with professional treasury operations;

5.investors who have concluded a written discretionary management agreement with a regulated financial intermediary as defined in section 1 unless they have declared in writing that they do not wish to be deemed as qualified investors;

6.investors who have concluded a written discretionary management agreement with an independent asset manager, provided they have not notified in writing that they do not wish to be deemed as qualified investors and provided (i) the independent asset manager in its capacity as financial intermediary is governed by Article 2 para 3 (e) of the Anti-Money Laundering Act of 10 October 1997 (“AMLA”), (ii) the independent asset manager is governed by the code of conduct issued by a specific industry body, such code of conduct being recognized as the minimum standard by the Financial Market Supervisory Authority (FINMA), and (iii) the discretionary management agreement complies with the standards of a specific industry body, such standards being recognized as the minimum standard by FINMA;

7.high-net-worth individuals who have confirmed in writing to a financial intermediary pursuant to section 1, or to an independent asset manager that meets the requirements described in section 6, that they wish to be considered as qualified investors (“opting-in”) and that they (a) have the knowledge required to understand the risks of the investments based on their individual education and professional experience or based on comparable experience in the financial sector and hold assets of at least CHF 500,000 (b) hold assets of at least CHF 5 million;

8.independent asset managers who fulfill the requirements described in section 6, and confirm that they will use the information on this website that refers to investment funds not approved by FINMA exclusively for clients that are regarded as qualified investors.

Information on this website

This website is published by Lyxor International Asset Management (« LIAM »).

Société par actions simplifiée (simplified private limited company) with a capital stock of 72 059 696 euros

Nanterre Trade Register N° 419 223 375

APE Number: 6630Z

Registered Office: 91-93, boulevard Pasteur, 75015 Paris, France

VAT No: FR 504 19223375

Responsibale person for the publication is: Lionel PAQUIN, CEO

Editing director: Nathalie BOSCHAT, Global Head Lyxor Communication (Tel.: +33 1 42 14 83 21; E-Mail: nathalie.Boschat@lyxor.com).

 

This website is hosted on the own servers of de Microsoft Azure.

This website is governed by French law.

Professional regulations

LIAM is a French investment management company authorized by the Autorité des marchés financiers under the UCITS Directive (2009/65/CE) and the AIFM Directive (2011/31/UE). LIAM is represented in the United Kingdom by Lyxor Asset Management UK LLP, which is authorized and regulated by the Financial Conduct Authority in the UK (FCA reference number 435658). Lyxor AM is a registered Commodity Pool Operator and a Commodity Trading Advisor under the U.S. Commodity Futures and Trade Commission. Lyxor AM is also a member of the National Futures Association.

The information on this website has been prepared for information purposes only and does neither constitute an advertisement or recommendation nor an offer or solicitation to purchase or sell investment instruments, to effect any transaction or to enter into any legal relations.

Although reasonable care has been taken to ensure that the information on this website is accurate, correct and complete, no guarantee, warranty or representation, express or implied, is given to the accuracy, correctness or completeness of the content of this website. Any information on this website may be subject to change or update without notice. Unless otherwise stated, the numbers/figures on this website are unaudited. Prices shown may not reflect the prices at which units/shares may be purchased or sold at any given time.

The entire information which may be accessed through this website is protected by copyrights and other intellectual property rights of companies which are affiliated to LIAM or of third parties. Under no circumstances should this information or any part thereof be copied, reproduced or redistributed without prior authorization.

This website may contain hypertext links to websites or pages created and maintained by third parties which are not affiliated to LIAM. Activating such hypertext links may cause you to leave this website. Such addresses or hypertext links are provided solely for your convenience and information. Neither LIAM nor any other affiliate controls or reviews any of these websites and pages linked with or connected to this website and, accordingly, does not accept any liability for their contents, the offered products or services or any other offers. Using links from this website to any website not owned by companies which are affiliated to LIAM. is at your own risk. If you wish to create a hypertext link to this website from your site, you must request prior authorization from LIAM.

Fund documents/Legal information

Purchase orders for shares of our funds can be accepted on basis of the current legal documents only. The fund and share class specific Key Investor Information Documents (KIID), Prospectuses, Articles and Trust deeds as well as Annual and Semi-annual Reports of the funds referred to on this website may be obtained free of charge from

Swiss Representative:  Société Générale Paris, Zurich Branch, Talacker 50, P.O. Box 1928, CH-8021 Zurich, Switzerland.

Sales restrictions

The information on this website is exclusively intended for qualified investors with residence or domicile in Switzerland. The information on the financial products referred to in this website is expressly not directed to any person in or from any jurisdiction where the publication or availability of such products is prohibited (on grounds of residence, domicile, nationality or otherwise). Accordingly, the information contained herein does not constitute an act of distribution, an offer to sell or the solicitation of an offer to buy any securities to any person or entity in any jurisdiction in which such distribution or offer may not be lawfully made or access to such information is not permitted. Persons subject to local restrictions of this type must refrain from accessing this website. Investors should take advice from their own independent advisors before making an investment decision and should be aware of local laws governing investments. Without limiting the generality of the foregoing, the information in this website is not directed and not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of United States persons (being in particular nationals or residents of the United States of America or partnerships or corporations organized under the laws of the United States of America or any state, territory or possession thereof).

The shares are not registered under the U.S Securities Act of 1933 and may not be directly or indirectly offered or sold in the United States (including its territories or possessions) or to or for the benefit of a U.S Person (being a “United State Person” within the meaning of Regulation S under the Securities Act of 1933 of the United States, as amended, and/or any person not included in the definition of “Non-United States Person” within the meaning of Section 4.7 (a) (1) (iv) of the rules of the U.S. Commodity Futures Trading Commission.). No U.S federal or state securities commission has reviewed or approved this document and more generally any documents with respect to or in connection with the fund. Any representation to the contrary is a criminal offence.

Not all of the funds accessible on this website are registered for distribution in or from Switzerland to non-qualified investors. The Swiss Financial Market Supervisory Authority (FINMA) publishes a list of foreign collective investment schemes which are registered for distribution in or from Switzerland on their website. Société Générale Paris, Zurich Branch, Talacker 50, P.O. Box 1928, CH-8021 Zurich, Switzerland., is the representative and paying agent in Switzerland of the funds which are registered for distribution in or from Switzerland and for non-registered funds that are distributed exclusively to qualified investors.

Past performance

Past performance is not a guarantee or a reliable guide to the future. Market and exchange rate movements may cause the capital value of investments, and the income from them, to go down as well as up and the investor may not get back the amount originally invested. Investments in emerging markets may result in higher risks and volatility due to political and economic instability and less developed markets and systems.

Subscriptions for investment in any fund mentioned on the website may only be made on the basis of the relevant prospectus, the simplified prospectus and the Key Investor Information Document ("KIID"), respectively, and the most recent annual financial statements (or semi-annual financial statements if published thereafter).

Privacy

We may collect information about you when you use this website, e.g. by sending cookies to your computer or if you provide us with certain information about yourself to register to access and use certain portions of this website. We use such information about you to verify your identity and eligibility to receive certain products or services, to provide information to you about products and services that we believe may be of interest to you, to record your interest in products and services that we offer, and to respond to your requests for information. We do not use for other purposes or disclose to any third party any personal information, except with your consent or as otherwise permitted or required by law. We maintain physical, electronic and procedural safeguards to guard your personal information and request from our employees to fully adhere to privacy standards, policies and the applicable laws. Please note that data that is transported over the Internet may be accessible to anybody. Your data may be lost during transmission or may be accessed by unauthorized parties. Neither Lyxor International Asset Management nor any other affiliate accepts any liability for direct or indirect losses as regards the security of your data during its transfer via Internet. Please use other means of communication if you think this is necessary or prudent for security reasons.

No warranty/No liability

The contents of this website are based upon sources of information believed to be reliable. Neither Lyxor International Asset Management nor any other affiliate makes warranty that access to the site will be uninterrupted or error-free, that defects will be corrected, or that viruses or other harmful components will not be transmitted in connection with your use of the website. Lyxor International Asset Management and their affiliates hereby expressly disclaim, to the fullest extent permitted by applicable law and/or regulation, all warranties, express, statutory or implied, regarding the website and any results to be obtained from the use of the website and its contents, including but not limited to all warranties of merchantability, non-infringement, fitness for a particular purpose or use and all warranties arising from course of performance, course of dealing and/or usage of trade or their equivalents under the applicable laws and/or regulations of any jurisdiction. Neither Lyxor International Asset Management , nor any other affiliate warrants or guarantees the accuracy, timeliness, suitability, completeness, or availability of this website or the information or results obtained from use of it.

Under no circumstances and under no theory of any applicable law and/or regulation shall Lyxor International Asset Management or any other affiliate, their officers, directors or employees be liable to anyone for any damages arising in tort, contract, strict liability or otherwise from access to or use of the website or inability to access, regardless of whether they are direct, indirect, special, incidental, or consequential damages of any character, including damages for trading losses or lost profits, or for any claim or demand by any third party.

  I have read the terms set out above and confirm that I am a qualified investor resident in Switzerland and wish to proceed

Accept

Please scroll down the disclaimer to enter the website

We have a new home

Banner Amundi

Read more
06 Oct 2020

For Marketing Purposes

FOR QUALIFIED INVESTORS ONLY– This document is reserved and must be given in Switzerland exclusively to Qualified Investors as defined by the Swiss Collective Investment Scheme Act of 23 June 2006 (as amended from time to time, CISA).

Climate action in France, the UK and China

Between wildfires raging in Australia at the start of the year, and the news in August that Greenland’s ice sheet may have melted beyond the point of no return according to an Ohio State University study, the climate emergency shows no signs of abating.

International efforts to tackle climate change – notably the seminal Paris Agreement in 2015 committing 195 countries to decrease their carbon emissions, the ambitious EU Action Plan on Sustainable Finance, and the European Green Deal – will be key if we are to turn the tide on global warming.

But international coordination can only go so far without concerted country-level contributions. Here we look at three examples of how bottom-up climate action will also play a part to help shift the needle: France on the frontline, encouraging action in the UK, and the environmental elephant in the room – China.

France

flag france

France was the first country in the world to define a clear roadmap to fight climate change through carbon reporting.

Article 173-VI of the Law on Energy Transition for Green Growth, which came into effect in January 2016, covers ambitious targets for greenhouse gas (GHG) emissions reduction, energy consumption and share of fossil fuels versus renewables 1. It imposes mandatory carbon disclosures for listed companies and forces asset owners and investment managers to report their portfolios’ carbon footprint.

The law was introduced on a “comply or explain” basis, in which the regulator lays out a code, and a company can either comply, or explain publicly why they do not. As well as reporting climate-related risks, institutional investors must also report on how they integrate broader ESG metrics into their investment policies 2.


“Article 173-VI is a good example of the way we can change the rules of the game. In September 2014, private investors made the commitment before the UN to carry out better analysis and better reporting of their climate risk exposure […] to make the switch from a purely voluntary approach to the scale of action required by the climate challenge, policymakers had to transform the experiment by mainstreaming this new requirement.”

Pascal Canfin, former CEO of WWF France

​October 2016


​The United Kingdom

flag france

The Bank of England is taking centre stage on climate finance in the UK, thanks in part to the early efforts of former BoE governor Mark Carney.

Carney understood that climate change is a financial stability issue and should therefore be a high priority for any central bank. In a 2018 BoE review entitled ‘Transition in thinking: The impact of climate change on the UK banking sector’ 3, he highlighted the shift in perception of climate change from one of reputational risk, to one of core financial and strategic risk.

“A question for every company, every financial institution, every asset manager, pension fund or insurer: what’s your plan? Four to five years ago, only leading institutions had begun to think about these issues and could report on them. Now $120tn worth of balance sheets of banks and asset managers are wanting this disclosure [of investments in fossil fuels]. But it’s not moving fast enough.”

Mark Carney, former BoE Governor

December 2019


Although Carney has left the BoE (and is now the UN’s Special Envoy on Climate Action and Finance), the Bank still has another vocal champion of climate action: Sarah Breeden. Breeden heads up supervision of UK banks, building societies and credit unions, and is the bank’s executive sponsor for work on improving the financial system’s resilience to climate change.

“The economy and the financial system appear to me to be like super-tankers rather than high-speed catamarans in the America’s Cup. To change course, therefore, we need early action, a sustained effort and a recognition that it is better to be roughly right now, not precisely right when it is too late.”

Sarah Breeden, Executive Director, Bank of England

April 2019


​Another interesting UK development is the proposed shake up of the £1.6 trillion pensions market. Specifically, the Pensions Climate Risk Industry Group (PCRIG) is proposing an amendment to the Pension Schemes Bill, requiring climate change risk governance and Task Force on Climate-related Financial Disclosures (TCFD) reporting for pensions trustees. This is encouraging, as the TCFD framework is seen by many as the gold standard for corporate disclosures on climate-related financial risk.

China

flag france

As the world largest emitter of greenhouse gases, accounting for approximately a quarter of the world total, China’s role in the transition will be critical. Currently, China’s Nationally Determined Contribution (NDC) –the specific climate targets required by the Paris Agreement to achieve its goals – is rated as “highly insufficient” (as at December 2019), meaning the country is falling behind on its Paris commitments to a low-carbon transition.

However, China’s current domestic policies point to an improving trajectory, which could lead to a mere “insufficient” rating. That’s still a long way off full 1.5°C alignment, but the desire and ambition for emissions reduction is still alive.

China is rather ironically both the biggest coal consumer in the world, and the largest clean energy producer. Coal accounted for 66% of China’s electricity output in 2019, down from a peak of  81% in 2007.4 The share of coal in the installed power generation capacity in China which is currently 58%, is planned to be reduced to 32% in 2040 under the new policies.5

So, the choices the country makes domestically and internationally with respect to the financing of brown and green energy sectors will make a noticeable difference to global decarbonisation and a 1.5°C scenario.

On 22 September 2020, China’s President Xi announced that China will aim for carbon neutrality by 2060 – a move widely interpreted as a significant move on climate change, given China’s high emissions and longstanding view of itself as an emerging economy that could not afford to divest from fossil fuels.

“The Paris Agreement on climate change charts the course for the world to transition to green and low-carbon development. It outlines the minimum steps to be taken to protect the Earth, our shared homeland, and all countries must take decisive steps to honour this Agreement. China will scale up its Intended Nationally Determined Contributions by adopting more vigorous policies and measures.”

President Xi Jinping

September 2020

(China Ministry of Foreign Affairs translation)


​Asset owners also doing their part

Even ahead of sweeping new developments in European climate benchmark regulation, we’re encouraged to see major commitments from asset owners and pension funds to decarbonise their holdings with low carbon indices and mandates. To name a few:6

  • UK: HSBC Bank UK Pension Scheme, £3.5bn
  • Denmark: PenSam, €4.8bn
  • France: FRR, €2.5bn
  • Sweden: AP4 (fourth national pension fund), $3.2bn
  • United States: CalSTRS, $2.5bn
  • New Zealand: NZ Super Fund (sovereign wealth fund), $10bn

Climate finance will play a powerful role in the fight against climate change. Together, we can make it happen.

Sign up to learn more about the climate emergency and the role of investors in our Climate Investing Virtual Masterclass on 13 October

Explore our range of Climate Transition ETFs, designed to align with the Paris Agreement’s most ambitious goal – to limit global warming to 1.5°C

https://www.unpri.org/climate-change/french-energy-transition-law-global-investor-briefing-on-article-173/295.article

2 https://www.frenchsif.org/isr-esg/wp-content/uploads/Understanding_article173-French_SIF_Handbook.pdf

3 https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/report/transition-in-thinking-the-impact-of-climate-change-on-the-uk-banking-sector.pdf

4 https://energypost.eu/will-china-build-more-coal-to-stimulate-the-economy/

5 International Energy Agency

6 Sources: IPE.com, MSCI.com, calstrs.com,irmagazine.com, pionline.com

Important informations

This document has been provided by Lyxor International Asset Management that is solely responsible for its content. 

This document is not to be deemed distribution of funds in Switzerland according to the Swiss collective investment schemes act of 23 June 2006 (as amended from time to time, CISA) or any other applicable Swiss laws or regulations.

The shares are not registered under the U.S Securities Act of 1933 and may not be directly or indirectly offered or sold in the United States (including its territories or possessions) or to or for the benefit of a U.S Person (being a “United State Person” within the meaning of Regulation S under the Securities Act of 1933 of the United States, as amended, and/or any person not included in the definition of “Non-United States Person” within the meaning of Section 4.7 (a) (1) (iv) of the rules of the U.S. Commodity Futures Trading Commission.). No U.S federal or state securities commission has reviewed or approved this document and more generally any documents with respect to or in connection with the fund. Any representation to the contrary is a criminal offence. 

Past performance is no indication of current or future performance. The performance data do not take into account of the commissions and costs incurred on the issue and redemption of units.

Financial intermediaries (including particularly, representatives of private banks or independent asset managers, Intermediaries) are hereby reminded on the strict regulatory requirements applicable under the CISA to any distribution of foreign collective investment schemes in Switzerland. It is each Intermediary’s sole responsibility to ensure that (i) all these requirements are put in place prior to any Intermediary distributing any of the Funds presented in this document and (ii) that otherwise, it does not take any action that could constitute distribution of collective investment schemes in Switzerland as defined in article 3 CISA and related regulation.

Any information in this document is given only as of the date of this document and is not updated as of any date thereafter. 

This document is for information purposes only and does not constitute an offer, an invitation to make an offer, a solicitation or recommendation to invest in collective investment schemes.  This document is not a prospectus as per article 652a or 1156 of the Swiss Code of Obligations, a listing prospectus according to the listing rules of the SIX Swiss Exchange or any other trading venue as defined by the Swiss Financial Market Infrastructure Act of 19 June 2015 (as amended from time to time, FMIA), a simplified prospectus, a key investor information document or a prospectus as defined in the CISA.
An investment in collective investment schemes involves significant risks that are described in each prospectus or offering memorandum. Each potential investor should read the entire prospectus or offering memorandum and should carefully consider the risk warnings and disclosures before making an investment decision. 

Any benchmarks/indices cited in this document are provided for information purposes only.

This document is not the result of a financial analysis and therefore is not subject to the “Directive on the Independence of Financial Research” of the Swiss Bankers Association. 

This document does not contain personalized recommendations or advice and is not intended to substitute any professional advice on investments in financial products. 

Connect with us on linkedin