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

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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.

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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.

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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).

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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.

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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.

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24 Jan 2020

Investing in water: how investors can mobilise to fight water scarcity 

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).

Across the developed world, our most essential need – water – appears effortlessly and abundantly from the tap. It costs us next to nothing. Yet while we experience easy abundance, under the surface, maintaining the world’s water flow has turned into a serious challenge.

Population growth is one of the biggest issues. In 1950, the world’s population was around 2.6bn. It has nearly tripled in the 70 years since then, reaching an estimated 7.7bn in 2019.1 And while the population has been growing, water consumption per person has too, driven by improving living standards and water access in the developing world.

Billions more people, each consuming more water – all while clean water supply is hit by climate change and the resulting droughts and extreme heat; it’s little surprise the UNCCD predicts water scarcity in some arid and semi-arid places will displace between 24 million and 700 million people by 2030, under the current climate change scenario. Beyond the risks to water supply for everyday use, this could have a profound impact on water-intensive industries like agriculture and energy.  

Investors are waking up to the fact that mounting challenges to water supply, and relentless demand, are creating persistent momentum and high-growth potential for companies operating in water supply, wastewater treatment and desalination. 

Big data is transforming how we invest in water 

Traditionally, water has been viewed as a fairly conservative industry, a world away from the fast-growth, big-data-driven companies that define the technology sector. That is set to change.

Across the world, water infrastructure is ageing. New investments are needed to upgrade and replace outdated facilities, or install new ones where none existed before. EPA data shows that household leaks can waste more than 1 trillion gallons annually in the US alone – that’s the equivalent of the annual household water use of over 11 million homes.2 The need to improve capital-allocation decisions through better monitoring of water networks and physical assets has led to a surge in smart meter installations across water networks, while increasing the adoption of network data collection technologies.

These mountains of data require assessment and analysis, and water company investments have been increasingly tilting towards data management tools. A survey of water utilities (conducted by the Smart Water Networks Forum for engineering firm C2HM and the Water Environment and Reuse Foundation) showed that, in 2017 alone, around a third of respondents implemented technology to store and process big data, with another third already having done so in previous years.3 Specifically in the US, the municipal water sector is expected to spend over $20 billion over the next decade on software, data, and analytics solutions.4

Because of these investments, water utilities are now making operational leaps, resulting in greater profitability and better resource management. Some of the holdings in our ETF are early adopters of the shift towards smart water. US water technology supplier Xylem has been expanding its big data activities by acquiring water-tech startups. In 2017 the company acquired Pure Technologies, which offers intelligent leak detection and condition assessment solutions for water distribution networks; a year earlier Xylem also bought smart meter company Sensus and data analytics firm Visenti.5

Similarly, UK water utility Severn Trend leverages technology built by IBM to better monitor and reduce polluting overflow issues in their sewer network.6 Taking a different tack, transnational water services company Veolia is developing many similar technologies in-house.7


Key takeaways: the investment opportunities in water

  • The water sector is already proving a solid investment opportunity, supported by structural supply and demand dynamics.
  • Humanity’s fundamental and perennial reliance on water services suggests this secular theme will remain resilient to any short-term market fluctuations.
  • The shift towards smart-water technologies means the sector is set to benefit from major tech-driven efficiency gains, along with better decision-making in capital allocation.
  • These factors should result in further enhancements to the bottom line, particularly for the larger market players, positioning the water sector as an attractive long-term investment 



How to invest in water

Lyxor manages one of the oldest and largest water-dedicated ETFs in Europe.8 Over the past decade – during which equity markets performed strongly – the World Water Total Return index underlying our fund still managed to outpace the MSCI World Index, as well as a competitor benchmark, the S&P Global Water EUR index.9

Starting with a universe of global developed and emerging market stocks, our water ETF mobilises capital towards the 30 companies with the largest share of revenues derived from water-related industries. These include water utilities, which supply water and provide post-treatment services for waste water; water infrastructure companies, such as consulting firms and suppliers of pipes, pumps, valves and meters; and water treatment firms, including suppliers of disinfection, filtration and desalination products and technologies.

World Water cw Total Return Index – Country breakdown and top 10 holdings

World water

Source: Lyxor International Asset Management, as at 05/12/2019

Tackle the water scarcity challenge today



This article is for informative purposes only, and should not be taken as investment advice. Lyxor ETF does not in any way endorse or promote the companies mentioned in this article. Capital at risk. Please read our Risk Warning below.

1United Nations estimates. https://www.un.org/en/sections/issues-depth/population/index.html (1950 figures) and https://population.un.org/wpp/Publications/Files/WPP2019_Highlights.pdf (2019 figures)

2Source: United States Environmental Protection Agency, https://19january2017snapshot.epa.gov/www3/watersense/pubs/fixleak.html
3Source: The Smart Water Networks Forum, https://www.swan-forum.com/swan-research/
4Source: Bluefield Research, https://www.wateronline.com/doc/smart-water-questions-answered-0001
5Source: Xylem website, https://www.xylem.com/en-us/about-xylem/newsroom/press-releases/xylem-to-acquire-pure-technologies-a-leader-in-smart-infrastructure-assessment-and-management-for-the-water-industry/
6Source: Waterworld.com, https://www.waterworld.com/international/utilities/article/16203079/ibm-solution-empowers-severn-trent-with-big-data
7Source:http://www.veolia.com/middleeast/sites/g/files/dvc171/f/assets/documents/2014/11/Smart_City_Water_LR.pdf
8Source: Lyxor International Asset Management, as at 20/01/2020. AuM of the Lyxor World Water UCITS ETF was €840m as at 20/01/2010.
9Source: Lyxor International Asset Management, Bloomberg, as at 31/12/2019. Past performance is not a reliable indicator of future results.

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

MULTI-UNITS France - Lyxor World Water UCITS ETF - Dist, domiciled in France (Registered Funds) is a collective investment schemes approved by the Swiss Financial Market Supervisory Authority FINMA (FINMA) as foreign collective investment schemes pursuant to article 120 of the Swiss Collective Investment Schemes Act of 23 June 2006 (as amended from time to time, CISA) for distribution in Switzerland to non-Qualified Investors as defined in the CISA.

The above mentioned Exchange Trade Funds (ETFs) is listed on the SIX Swiss Exchange.


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 Funds 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.

In respect to the units/shares of the Funds distributed in and from Switzerland, place of performance and jurisdiction is at the registered office of the Representative in Switzerland.

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