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Important information for qualified investors

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 the Swiss representative at

Roland Fischer - Société Générale Paris, Zurich Branch, Talacker 50, P.O. Box 1928, CH-8021 Zurich, Switzerland.

Telephon number: 058 272 33 44  

e-mail address: info@lyxoretf.ch

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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 Asset Management (Lyxor AM)

Société par actions simplifiée (simplified private limited company) with a capital stock of 161 106 300 euros as of November 5th, 2013

Nanterre Trade Register N° 418 862 215              

APE Number: 652E

Registered Office: Tours Société Générale, 17 cours Valmy, 92800 Puteaux

VAT No: FR 604 1886 2215

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@sgcib.com).

 

This website is hosted on the own servers of Société Générale.

This website is governed by French law.

Professional regulations

Lyxor AM 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). Lyxor AM 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 Lyxor Asset Management  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 Lyxor Asset Management. 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 Lyxor Asset Management 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 Lyxor Asset Management. 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 Lyxor Asset Management.

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).

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 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 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 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 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 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 Professional Investor resident in Switzerland and wish to proceed

 

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11 Sep 2017

Is your income portfolio ready to take off?

Yearning for yield

The hunt for yield is the one constant in an ever-changing investment world. Safe haven bonds were once the obvious answer, but they are still some way off being viable income generators, even if some yields have finally scraped themselves off the floor. The big bond yield break out is nowhere to be seen. Investors are being forced into credit or equities, where the rewards, and the risks, are greater.

Read our insights 

 

Why finding income doesn’t need to be taxing

Active equity income funds are plodding along, but fees are really high. Some star managers may be losing their allure. The same is true in fixed income. There’s little to differentiate managers, processes and performance, so there’s little reason to pay more for their services. Finding that one great manager could make all the difference, but why look for a needle in a haystack when you don’t have to? Choosing a lower cost option doesn’t mean compromising on performance. 

ETFs can give you systematic, dependable and diversified income in more markets than ever before – all for TERs from as low as 0.07%*. They also give you the control you need because they take emotion out of the equation. Nor will they be tempted by fads, fashions or the next big thing - you’ll always know what an ETF is doing with your money.

Read the latest performance research

Plan your route

So, whether you’re looking for more income today, new ways to protect your existing income or simply to diversify and get away from it all, we believe ETFs can help. Planning your route will take time, but our new tool could give you the information you need on your chosen asset class – whether that be its yield, the direction of travel of that yield, or its volatility. And because it does it in real time, you can check in as often as you want.

Begin your journey​

use our tool to plan your route

 

*Source:  Lyxor ETF, 8 September 2017.

Disclaimer 

The fund is managed by Lyxor Asset Management UK LLP. This document is issued in the UK by Lyxor Asset Management UK LLP (“Lyxor”) which is authorised and regulated by the Financial Services Authority.

This document constitutes a “Financial Promotion” as such term is defined in the Handbook of the Financial Services Authority (“FSA”). It is aimed solely at institutional investors who would be categorized as “professional clients” and “eligible counterparties”, each as defined in FSA Handbook. This document is not intended to be used by, and must not be shown to, any other category of investor.

We reasonably believe that the information contained herein from third party sources, as quoted, is accurate as at the date of publication. Although such information is from sources believed to be reliable, Lyxor makes no representation or warranty regarding the accuracy of any information contained herein.  The information and any opinions expressed herein may change at any time. This document may include internal portfolio construction guidelines. As guidelines the fund is not required to and may not always be within these limits. These guidelines are subject to change without prior notice and are provided for information purposes only. This document is of a commercial and not of a regulatory nature, though it is designed to comply with the regulatory obligations applicable to Lyxor and to the Fund.

This document is confidential and may not be reproduced, disclosed or disseminated to a third party (with the exception of investor’s external advisors on the condition that they themselves respect such confidentiality) without prior written consent from Lyxor.

The Fund is not suitable for every type of investor. Investors' capital is at risk. Investors should not deal in the Fund unless they understand its nature and the extent of their exposure to risk. The value of the Fund can go down as well as up and can be subject to volatility due to factors such as price changes in the underlying instrument and interest rates.

General selling restrictions: The Fund may be subject to restrictions either with regard to certain persons or in certain countries under national regulations applicable to such persons or in such countries generally. It is each investor’s responsibility to ascertain that it is authorised to invest in or otherwise subscribe for or transact in relation to the Fund. By entering into such investment, subscription or transaction (howsoever described), each investor is deemed to certify to Lyxor that it is duly authorised to do so.

Past performance is not a guide to future performance. Where yields have been quoted they are not guaranteed. Changes in rates of exchange may have an adverse effect on the value, price or income of an underlying instrument(s). Investments in higher yielding bonds and loans issued by borrowers with lower credit ratings may result in a greater risk of default and have a negative impact on income and capital value. Income payments may constitute a return of capital in whole or in part. Income may be achieved by foregoing future capital growth.

This document may include forward looking statements which are based on current opinions, expectations and projections. Lyxor undertakes no obligation to update or revise any forward looking statements. Actual results could differ materially from those anticipated in the forward looking statements. Units in the Fund are not available in any jurisdiction in which the offer or sale would be prohibited; in particular the Fund may not be sold directly or indirectly in the US or to a US person. Subscriptions will only be received and units issued on the basis of the [Fund Prospectus].

Limitation of Liability:  Without prejudice to its legal or regulatory obligations, Lyxor may not be held responsible for any financial or other consequences that may arise from the Fund, and investors are responsible, prior to entering into any transaction with Lyxor, for making their own appraisal and, if they deem it necessary, to seek and obtain professional advice on the risks (including financial, legal and tax risks) and merits of the Fund. Lyxor recommends that investors consult their own independent professional advisors.

No offer to contract: This document does not constitute an offer from Lyxor to purchase or sell units in the Fund. Recipients of this document who intend to subscribe for units in the Fund are reminded that any such application may only be made on the basis of the information contained in the related [“Reference Document”, “Debt Issuance Programme Prospectus” and related “Final Terms”, “Private Placement Memorandum”or document of analogous effect and any amendments or supplements thereto (including the documents incorporated by reference therein), which may be different from the information contained in this document.

Tax:  Any tax statement included in this document is intended only as a general guide. The tax treatment of investments will depend on an investors particular circumstances. If investors are in any doubt as to their tax position, they must consult with an appropriate professional tax adviser. Any statement in relation to the UK tax treatment of the Fund is based on our understanding of the laws and HMRC practice in force as of the date of this document and is subject to any changes in law and the interpretation and application thereof, which changes could be made with retroactive effect.

Risk of volatility:   Until the maturity date of the Fund, the marked-to-market value of the Fund may be subject to significant volatility due to, inter alia, the evolution of the price of the underlying instrument(s) and of relevant interest rates. In certain circumstances, the marked-to-market value of the Fund may be substantially lower than the amount initially invested. As a result, investors are potentially exposed to total loss of their initial investment.

Risks relating to unfavourable market conditions: Fluctuations in the marked-to-market value of the Fund may require the investor to reduce or liquidate in whole or in part its investment in the Fund before its scheduled maturity, whether in order to comply with its contractual or regulatory obligations or for other reasons. As a consequence, the investor may have to liquidate their investment under unfavourable market conditions. This risk will be increased if the Fund includes leverage.

No capital or principal protection:  Where a product is not expressed to benefit from capital or principal protection, its redemption value may be lower than the amount initially invested. In a worst case scenario, investors could sustain the loss of their entire investment.

Counterparty Risk: The Fund is exposed to the risk of bankruptcy, or any other type of default of the counterparty related to any trading transaction entered into by the Fund which, in-line with UCITS regulations, cannot exceed 10% of the Fund’s total assets.

 

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