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
01 Mar 2021

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).

Looking under the hood of the future mobility value chain

On 10 February, Lyxor was delighted to host a webcast on Future Mobility with theme expert Lukas Neckermann and Neeraj Kumar from MSCI. Below are a few edited highlights from the webcast, which you can watch in full here.

2020 was a breakout year for the future of mobility, and especially for electric cars. Shares in the US electric vehicle (EV) maker Tesla rose by 695%, catapulting it into fifth place in the S&P 500 index. Less famously but of similar magnitude, China’s electric carmaker Nio rose by 1,100%.*

However, from an investor standpoint, future mobility is about far more than just electric vehicles. The MSCI ACWI IMI Future Mobility Index is diversified across the mobility ecosystem and is up 66% since February 2020.*

Lukas Neckermann, MD of Neckermann Strategic Advisors and author of “The Mobility Revolution”  explains the rationale for this race towards a smarter, greener future for transport.

The new value chain

Lukas Neckermann

The future mobility theme comes with a whole new value chain, and that chain is radically different from the old automotive one.

We’ve stopped talking about tier suppliers – now we talk about systems and data, battery cells and packs, fleet management, mobility operators and mobility aggregators. This is a new conversation, and there are opportunities to be found for investors across the theme.

Within each element, we also have a great deal of value being generated. We count 900+ companies and expect the value of the chain to approach 1bn US dollars by 20301. This growth is being led by the US, Germany, and UK, increasingly joined by countries such as France, Israel, and China.


 

What’s driving the future of mobility?

It starts with regulations (says Lukas). Country by country, air quality concerns and a growing focus on ‘green’, make it clear that EVs are inevitable. The UK has recently announced plans to ban new fossil fuel vehicles by the end of the decade.

Even more impactful than national efforts are city-level ones. Lots of city authorities are making decisions about which types of vehicle to allow in – and it’s not looking good for traditional cars. If you can’t drive an internal combustion engine (ICE) vehicle into the city, there’s no point in having one. A city mayor can have a huge influence on industrial policy.

There are other drivers, too. One is simply cost, and the movement towards the price parity of EVs versus traditional vehicles. This has been calculated at around US$100 per kWh – and depending on who you ask, this could be reached as soon as 2022-20252.

We already see price parity in the fleet market. In this area, when you factor in the total cost of ownership of a vehicle including the cost of driving into cities, doing maybe 50-150 miles per day, and whether you can charge cheaply at a depot, there are often even more incentives to buy electric.  

Across countries there are also different tax exemptions and subsidies – some of them even greater for company car schemes.

How did EVs perform in 2020?

EVs had a great 2020. Sales of hybrid and full electric cars in Europe made up over 20% of total car sales, up from 6% in 2018 to 22.4% in 2020. 

We asked our webcast audience to guess what percentage of new car sales in Europe in 2020 were electric (hybrid and full battery electric). Only 13% correctly said 20% or more. 

As we look ahead through 2021, we can use Q4 2020 results as a benchmark. In Q4, hybrid and full battery electric were over 30% of new vehicles sold across Europe3. In a market where we saw a dramatic decrease in the number of vehicles sold, we had a dramatic increase in the proportion of plug-in vehicle sales.

These numbers should explain the high valuations we’re seeing – and why there’s been such an upswing of interest in the area.

***

To watch Lukas’s full presentation, please follow this link to our replay. You will learn:

  • How to assess which new manufacturers have value and which don’t
  • Where legacy Original Equipment Manufacturers (OEMs) like BMW fit in
  • The parts of the value chain most worth paying attention to

***


How to build indices that capture the future mobility theme

Neeraj Kumar

Once we understand more about the opportunity presented by the future mobility theme, the question is simple: how can we select companies to capture it?

MSCI uses a five-step strategy for turning an idea into an investible index.

   1. Articulate the theme or objective of the theme

For the future mobility theme, as Lukas explained, it’s not just about batteries or EVs, but an entire new value chain which has emerged. We articulate very clearly the scope of exposures that we intend to capture through our index. This process sets the index objective.

   2. Expand that index objective and flesh out the sub-themes

We fill out the theme by unpacking it into smaller parts. For example, with future mobility, we include the sub-themes of batteries, smart mobility, the sharing economy, autonomous vehicles, and other related areas.

   3. Build a dictionary of words around each sub-theme

We take each smaller sub-theme, e.g. batteries, and build a dictionary of words around it using Natural Language Processing techniques. This will include product services and concepts related to batteries, expanding the sub-theme into a collection of relevant keywords.

This step is taken for each subtheme identified in step 2. By the end of step 3 we have a set of words, synonyms, and concepts, all related to the theme and the subthemes expressed in step 2. These first three steps we call ‘theme modelling’, and they come before any analysis of real companies.

These investment themes can be described as ‘emerging’ – they are advancing and changing at a rapid pace. That’s why we have industry experts within each theme to advise on updating this dictionary, to stay relevant to the index objective.

   4. Pick the parent universe and measure companies’ exposure to the theme

In step 4 we start to examine companies within our parent universe. For each company, we establish the link between their different economic activities and the objectives of the theme. This gives us a score showing the link between that activity and the theme, which we call the “relevance score”. Now, we can assign a score between 0 and 1 to each company for its exposure to the future mobility theme.

   5. Use the relevance score to build portfolios

Once we have scored every company in our parent universe for its exposure to the theme in question, we have the tools to select stocks and combine them in different ways, add in ESG considerations, all within a completely transparent and rules-based methodology.  

exhibit 2

Source: MSCI. For illustrative purposes only. This is not a recommendation.

***

To watch Neeraj’s full presentation, please follow this link to our replay. You will learn:

  • How MSCI uses natural language processing and machine learning when building thematic indices
  • The rules governing stock selection, screening, and weighting in thematic indices

***

***




 

The view from Lyxor

Our world is changing. Technological breakthroughs, economic evolution and the climate emergency are reshaping reality for billions of people. Will your portfolio keep up?

Each of our Thematic ETFs combines human insight, natural language processing and data analysis techniques in a unique way to identify the companies that matter most, and ensure your portfolio stays one step ahead. As a pioneering ETF provider with a history of innovation, we’ve gone the extra mile to build some truly state-of-the art funds for a new state of mind.

We’re incredibly excited about this range and hope you can join us in preparing portfolios for change.

Find out how you can stay one step ahead with Lyxor’s Thematic ETFs

Target TER for these Thematic ETFs is 0.45% but has temporarily been decreased to 0.15% until September 2021.

*Source: Lyxor International Asset Management. Past performance is not a reliable indicator of future results.

1Neckermann Strategic Advisors, 2021

2 Neckermann Strategic Advisors research; Deloitte, BNEF, McKinsey, UBS, Insideevs.com, thedriven.io

3EV sales figures from ACEA, Statista, EV-Volumes.com

Risk Warning

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

Fund Name Sub Fund Name Country of domicile
Lyxor Index Fund Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc Luxembourg
Lyxor Index Fund Lyxor MSCI Future Mobility ESG Filtered (DR) UCITS ETF - Acc Luxembourg
Lyxor Index Fund Lyxor MSCI Disruptive Technology ESG Filtered (DR) UCITS ETF - Acc Luxembourg
Lyxor Index Fund Lyxor MSCI Digital Economy ESG Filtered (DR) UCITS ETF - Acc Luxembourg
Lyxor Index Fund Lyxor MSCI Millennials ESG Filtered (DR) UCITS ETF - Acc Luxembourg


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.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.

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.

The Representative and the Paying Agent of the Fund(s) in Switzerland is Société Générale, Paris, Zurich Branch, Talacker 50, 8001 Zurich. 

The prospectus or offering memorandum, the key investor information documents, the management regulation, the articles of association and/or any other constitutional documents as well as the annual and semi-annual financial reports may be obtained free of charge from the Representative in Switzerland.

Research disclaimer

Lyxor International Asset Management (“LIAM”) or its employees may have or maintain business relationships with companies covered in its research reports. As a result, investors should be aware that LIAM and its employees may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Please see appendix at the end of this report for the analyst(s) certification(s), important disclosures and disclaimers. Alternatively, visit our global research disclosure website www.lyxoretf.com/compliance.

Conflicts of interest

This research contains the views, opinions and recommendations of Lyxor International Asset Management (“LIAM”) Cross Asset and ETF research analysts and/or strategists. To the extent that this research contains trade ideas based on macro views of economic market conditions or relative value, it may differ from the fundamental Cross Asset and ETF Research opinions and recommendations contained in Cross Asset and ETF Research sector or company research reports and from the views and opinions of other departments of LIAM and its affiliates. Lyxor Cross Asset and ETF research analysts and/or strategists routinely consult with LIAM sales and portfolio management personnel regarding market information including, but not limited to, pricing, spread levels and trading activity of ETFs tracking equity, fixed income and commodity indices. Trading desks may trade, or have traded, as principal on the basis of the research analyst(s) views and reports. Lyxor has mandatory research policies and procedures that are reasonably designed to (i) ensure that purported facts in research reports are based on reliable information and (ii) to prevent improper selective or tiered dissemination of research reports. In addition, research analysts receive compensation based, in part, on the quality and accuracy of their analysis, client feedback, competitive factors and LIAM’s total revenues including revenues from management fees and investment advisory fees and distribution fees.

Connect with us on linkedin