Welcome to SwitzerlandWelcome
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

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

******

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

 

Accept

Please scroll down the disclaimer to enter the website
17 May 2019

Is your Robo ETF keeping up with the times?​​

martin ford

The Robotics and AI megatrend is not a new story, but it is one that’s evolving continually. Is your portfolio keeping pace? We spoke to futurist and renowned author Martin Ford1 and our own Head of Innovation, François Millet, to get their views on why industry developments matter and how the Rise of the Robots index adapts to change.

Why does this megatrend matter?

Martin Ford: Put simply, advances in the areas of robotics, automation and artificial intelligence are the biggest things that will happen in the next 10 or 20 years and beyond. They will be a source of incredible economic and societal disruption.

Companies across industries are benefiting from these technologies and are becoming far more efficient as a result. We’re not just talking about the usual IT and Industrials suspects – the impact is apparent in many other areas. Think of the advances in drug discovery by pharmaceutical companies, the automation of trading in financial institutions or the online recommendation engines used by consumer brands – all are increasingly powered by AI. Amazon reportedly has 10,000 employees dedicated solely to their Alexa and Echo technology. The trend is increasingly permeating our daily lives.

The reality is that the companies who will succeed in their respective sectors are the ones leveraging AI. They also have a strong financial incentive to improve their bottom lines through automation and AI. The drivers of change are impossible to ignore, and it’s a unique and incredibly exciting long-term opportunity for investors.


Why buy “builders” and “beneficiaries”?

MF: US tech titans like Alphabet (Google’s parent company), Amazon, and Facebook, as well as Chinese ones like Tencent and Baidu have the dominant positions in the AI field. Alphabet arguably commands the greatest, most powerful concentration of capability and talent that exists. Amazon and Facebook are not too far behind.

These big players are unlikely to cede their ground any time soon, largely because they have both the scale and the expertise to acquire innovative AI startups – Alphabet’s acquisition of DeepMind is a high-profile example. They are prominent examples of “builders” – or indeed “acquirers” – of AI technology. But investing in just some of these big names leaves out a considerable part of the opportunity set. There are hundreds of companies using AI to improve their business models. They are the “beneficiaries”.

Take a health insurance company that owns lots and lots of data about its patients. If a builder like Google supplies AI technology in its cloud server to this beneficiary, the data doesn’t then belong to Google, it still belongs to the insurer. While they may be leveraging Google’s technology, they still own the value of their patients’ data, and they’ll create more value from how they use it.

It’s a mistake to look at AI and say it’s all just Google and Facebook and Tencent, because the value they create ultimately gets distributed to other companies and sectors. From innovation in fintech to drug discovery in biotech, AI is a utility - one which will ultimately scale across and disrupt every industry.


What should we know about the Rise of the Robots index? 

MF: When they designed the Rise of the Robots index, Societe Generale’s Thematic Research team had to address a few challenges. How do you define a universe of relevant stocks that capture the megatrend? How do you target both the builders and the beneficiaries? How do you create a liquid, investable index, and how do you make sure it keeps up with industry trends?


There are three key things to know about the Rise of the Robots index:

1 – It’s big picture investing

We don’t just look at robotics companies, or companies leveraging traditional automation – we search for AI innovators as well. Robotics is certainly a part of AI disruption; it basically amounts to putting the technology into a physical machine. But there is a distinction between the cutting edge of AI and machine learning, and what we see as traditional automation. Robotics clearly has a role to play, but it’s a small part of the bigger picture. AI is much more important to the overall trend. Indices and ETFs which focus too much on traditional robotics risk leaving a lot of value on the table.

2 – It thinks forward

We know the biggest names in AI are the likes of Google, Amazon and Tencent, but the value chain doesn’t end there. It’s important your portfolio tells the full story. AI technologies are transforming banks, media giants, online retailers and healthcare providers to name but a few. AI can and will disrupt companies across the board, so we think forward by including those “beneficiaries” investing for the future, as well as the actual AI “builders”.

3 – It’s designed by man and machine

Robotics, automation and AI technology are evolving at dizzying speed, so we knew we needed a bespoke industry classification to ensure our eligible stock universe kept up with the times. To begin with, we carry out big data analysis across publicly available reports, presentations and meeting transcripts for the terms “Artificial Intelligence” and/or “Robotics” to screen for relevant companies, but unlike most of the other available indices, we don’t stop there. We then do our own digging to ensure other relevant companies are included, often from less obvious sectors such as finance or retail. Relevant IPOs (like Spotify last year) are also considered. We also check for obsolescence or irrelevance - some companies may be acquired by bigger outfits which don’t quite fit our criteria. Others may have started lagging behind in terms of AI and/or robotics investment. This periodic human touch acts as a quality control and is vital to ensure the universe – and by extension, the index – is keeping up with the times.

robo ai


Can you say more about the updates that were made to the index for 2019?

MF: Our annual review of the universe of stocks that are eligible to be included in the index is critical because the field of artificial intelligence is progressing so rapidly and new players are emerging constantly.  Towards the end of 2018, the number of eligible stocks in the universe increased from 210 to 228.  Many of these new companies were listed for the first time. These included high-profile technology IPOs like Spotify and DropBox, but also the security company ADT, digital training company Pluralsight, and many others. Beyond IPOs, we also look for established companies that are demonstrating a strong focus on leveraging AI or robotics in their business models.  For example, we added the Chinese company iFlyTek, which has become as leader in facial recognition technology, and Ocado Group, a UK-based online retailer that has used the latest advances in robotics and automation to develop state-of-the-art distribution centers.

It’s important to note that adding a stock to our universe simply means it becomes eligible to be included in the index. The stocks included and their relative weights within the index are determined entirely systematically and rebalanced each quarter.  This strategy allows us to identify companies with strong potential in the AI/robotics space and add them to the universe early-on.  However, a stock will be selected to be part of the index only when the company generates results that merit inclusion.


Why use Lyxor’s Robotics and AI ETF to capture the theme?

François Millet: Embracing the AI and robotics revolution could help future-proof your portfolio. Our ETF gives you exposure to 150 companies – at least 50% more than other like for like products2 – harnessing the power of AI and robotics, whether for themselves or their customers. And because we want to invest in growing companies that have demonstrated the ability to deliver real results, we screen them based on R&D expenditure on net sales, return on invested capital, and 3-year sales growth. This helps us distinguish between the potential winners and losers.

​​

1Martin Ford is a futurist and the author of three books: Architects of Intelligence: The truth about AI from the people building it (2018), Rise of the Robots: Technology and the Threat of a Jobless Future (2015) and The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future (2009). He is also the founder of a Silicon Valley-based software development firm. His 2017 TED Talk on the impact of AI and robotics on the economy and society has been viewed more than 2 million times. In his role as consultant to Societe Generale, the designer of the ‘Rise of the Robots’ index underlying Lyxor’s ETF, Ford advises on the universe of stocks eligible for index inclusion.
2By “like-for-like”, we refer to European UCITS ETFs that target companies in the fields of both AI and Robotics & Automation.
3Source: Lyxor International Asset Management. Data as at 03/05/2019.

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. The opinions expressed by Martin Ford are his own, and do not necessarily reflect the views of Lyxor International Asset Management or Societe Generale. Capital at risk. Please read our Risk Warning below.

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).

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

Lyxor Index Fund - Lyxor Robotics & AI UCITS ETF - Acc, domiciled in Luxembourg is a collective investment scheme approved by the Swiss Financial Market Supervisory Authority FINMA (FINMA) as a foreign collective investment scheme 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 Fund (ETF) is listed on the SIX Swiss Exchange.

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. 

The Representative and the Paying Agent of the Fund 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 Fund distributed in and from Switzerland, place of performance and jurisdiction is at the registered office of the Representative in Switzerland. 

Connect with us on linkedin