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).


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


Please scroll down the disclaimer to enter the website

We have a new home

Banner Amundi

Read more
28 Jul 2020

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).

What the pandemic could mean for ESG investing

Florent deixonne

In this week’s Q&A with Florent Deixonne, Head of Sustainable & Responsible Investments at Lyxor Asset Management, we examine the impact of the COVID-19 crisis on sustainable investing. While it’s too early to jump to conclusions, ESG investments held up remarkably well during the sharp equity sell-off in March, demonstrating investors’ long-term commitment to sustainable exposures.

What overall impact will the coronavirus crisis have on ESG investments?

It’s still too early to know for sure how COVID-19 will affect the ESG market, but we certainly believe that it could be a catalyst for further growth.

First of all, this crisis has really focused minds on how well companies are run, from their contingency planning to the resilience of revenue streams. More and more investors (and non-investors) are now asking questions about the sustainability of business models and how better governance relates to long-term performance.

As the global economy moves towards recovery, we believe the “S” or social aspect of “ESG” could shine, with the focus on creating a more sustainable model for the future. As part of that, we may see increased pressure on issuers and governments that fell short during the crisis, and increased investment in those that succeeded.

We already saw this play out in fund flows. ESG funds in Europe held up remarkably well during the crisis. When investors urgently reduced their equity exposure in March, they largely did it by selling massive amounts of traditional broad-based index funds – usually weighted by market capitalisation rather than ESG ratings – while leaving ESG allocations as they were or even adding to them. This makes sense in that ESG allocations are usually part of more stable pockets of portfolios than other equity exposures, which is consistent with the long-term nature of a sustainable investment approach.

YTD cumulated Net New Assets for ESG and non-ESG ETFs in Europe (M€)

ESG flows chart

Chart source: Lyxor International Asset Management, as at 16/07/2020.

Finally, there may be investors who had previously decided to increase their ESG allocation but stayed on hold. If so, given some of the recent equity outflows, they may have bigger pools of capital to redeploy in the coming months and years. With all that’s happened, investors may move forward with a new perspective on some of the investment risks addressed by ESG funds. We believe this may lead to a long-term reallocation of capital and further growth in the ESG market. 

Will COVID-19 bring a change in emphasis between the three pillars of ESG?

Very possibly. COVID-19 has already been an unprecedented stress test of corporate social responsibility. I mentioned the “S” of “ESG“ shining a moment ago: by this I mean the ‘social value chain’, from employee protection to customer support, supply-chain management, and privacy concerns.

We can really see this increased emphasis playing out in the increase of COVID-19-related social controversies negatively affecting companies’ performance and reputation. Think about the number of news stories on inadequate protective gear for staff across different industries, weak policies or processes for consumer protection, misleading or misguided information on the pandemic, questions about data management and privacy rights, and so on.

Several socially-focused initiatives have appeared since the crisis began, such as the investor’s statement organised by Domini Impact Investments, the Interfaith Centre on Corporate Responsibility and the New York City Comptroller’s Office.1 This letter, which called on companies to help workers with paid holidays, health and safety measures and employment guarantees, was endorsed by investors representing over 9.2 trillion USD in assets under management.1 The United Nations Principles for Responsible Investment (UN PRI) have put in place a specific workshop with investors.2 The European Leverage Finance Association (ELFA) has produced a set of Reporting Best Practice Guidelines to support discussions between investors and company management during this period.3 We expect these kinds of initiatives to continue.

What are the main challenges in socially responsible investing?

The first challenge for effective socially-responsible investing is having good-quality ESG and climate data. At Lyxor, we have partnerships with some of the most advanced data providers (e.g. MSCI, the Climate Bonds Initiative, Sustainalytics) and we pride ourselves on having teams with strong financial engineering backgrounds who can do great work with the data from these partnerships. That why we’ve been able to build cutting-edge systems to help investors assess the impact of their portfolios in terms of ESG and climate risks.

Aside from the data aspect, the second big challenge, especially in light of the new EU regulations,4 will be the industry’s move in 2020 towards the “portfolio temperature” disclosure. Soon it will be possible to calculate the implicit temperature-increase scenarios for all the major known reference market indices (e.g. CAC 40, Euro STOXX 50, S&P 500, MSCI Europe…etc) and see immediately if a portfolio or benchmark is aligned (or not) with the Paris Agreement goals.5

Even if the intellectual methodology behind this subject is highly complex, associating an investment portfolio with a thermometer will be a concept of powerful simplicity, one that can be understood by everyone in the world and which we believe will become a de facto benchmark for future investors.

The nasty surprise waiting for market participants is that all the major equity benchmarks currently display scenarios of a temperature increase of 4 to 5 degrees, which by all scientific evidence is a disaster scenario in the making. The temperature impact of a portfolio will be a key input when setting portfolios on a low-carbon trajectory, which we think is the most effective strategy for managing transition risks for a financial player and also a relevant investment strategy to maximise the profitability of its portfolio in the medium term at a given level of risk.

How can ESG investors benefit from a passive approach?

There are plenty of benefits to taking a passive approach in ESG. First – and I alluded to this earlier – thanks to improvements in data quality, indices today can be built to reflect all sorts of climate and ESG policies, then make them accessible to investors at a low cost. Innovations in this area include selective screens that filter out, as an example, companies that consume or extract high amounts of thermal coal. They include the implementation of specific values such as gender equality, or stock selection based on carbon ratings, or alignment with the UN’s Sustainable Development Goals (SDGs).

Overall, better data means better indices and more ways to invest with an index-based approach in a transparent, low-cost and rules-based way – all important considerations for investors looking to generate sustainable performance through time.

Second, passive vehicles are extremely transparent. In our case, we share our proprietary method for ESG and carbon footprint analysis in our ETFs, allowing investors to monitor and measure the portfolio carbon footprint. We can share ESG ratings breakdown of companies, their exposure to positive and negative ratings trends, their business activities, the portfolio exposure to ESG controversies, UN Global Compact Controversies and transition risks, carbon risk management, the exposure to issuers offering environmental solutions, and the revenue exposure to environmental solutions which contribute to SDGs.

All this information is easily accessible through the product pages of our public website, meaning that any investor in our ETFs has this key information at their fingertips. ETFs and index funds also invest in publicly-listed assets rather than private, and as listed assets have higher liquidity than unlisted ones, an index investor can mobilise larger amounts of capital and make it work towards their goals.

And finally, good passive managers really have an active voice, setting up voting policies like an active manager. These policies and voting records are public and the manager is accountable to fund holders. In our case, Lyxor’s shareholder engagement policy involves a direct dialogue with companies to communicate expectations, for example with respect to governance. This shows that it is possible to encourage sustainable business practice with index investing – if that investment is with a responsible ‘active’ passive manager.

Where do you see ESG ETFs in five years’ time?

In our view, allocation to ESG ETFs is not a trend, it’s a transformation. The only question for us is how quickly this transformation will play out. In Europe, ESG ETFs are still less than 5% of total assets – yet they accounted for close to 17% of net flows last year.6 2020 has been much more volatile so far, but ESG is still the only segment of equities with positive inflows, and over 20% of all flows to fixed income.6

ESG ETFs were extraordinarily resilient in March during the height of the COVID-19 crisis, showing no signs of inflection even as the global market dramatically sold off. Overall, the crisis has validated investors’ choice to reallocate to ESG, because most ESG ETFs have shown significant outperformance during the period.6 That outperformance could attract new investors, which we think could accelerate the transformation.

Looking at the next few years, several factors could support a widespread conversion to ESG ETFs: first, the growing conviction that the index-based approach is not only consistent with sustainable investing but could be very well adapted to it; second, the sheer variety of indices spanning all investment philosophies, and all levels of ESG intensity versus diversification and tracking error targets; and finally, new segments opening up such as climate-transition ETFs, whose usefulness will be emphasised by the European climate benchmark regulation that’s coming up.4

Taking all of this into account, we believe ESG ETFs to represent closer to at least 20% of total assets in five years’ time – more than quadruple their current share.

Explore our sustainable range, including ESG Leaders, SDG themes, and Climate Transition ETFs

1 https://www.iccr.org/investor-statement-coronavirus-response

2 https://www.unpri.org/covid-19

3 https://elfainvestors.com/resources/Documents/ELFA%20COVID-19%20Reporting%20Best%20Practice%20Guide.pdf

4 https://ec.europa.eu/info/publications/sustainable-financeteg-climate-benchmarks-and-disclosures_en

5 https://unfccc.int/process-and-meetings/the-parisagreement/the-paris-agreement

6 Source: Lyxor International Asset Management. Data as at 25/05/2020. ESG ETF inflows in 2019 were €17bn, and

total assets under management reached €102bn. Past performance is not a reliable indicator of future results.

Important information

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.

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).

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