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Please read the important information below before continuing to our website

By clicking on your client type to enter the website, you are confirming that you have read and understood the important information that is contained below, and you accept the terms of the Privacy and Cookies policy.


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

This website is published by Amundi Asset Management (Amundi), a French asset management company approved by the AMF (17 place de la Bourse 75082 Paris Cedex 02) under the UCITS (2009/65/EC) and AIFM (2011/61/EU) directives.

The website is hosted by on Microsoft Azure servers.

This website is subject to French and Norwegian law.
professional client is a client that is either a per se professional client or an elective professional client (Note article 4 (1) 12 of Mifid )

Marketing Restrictions and Implications
Lyxor and Amundi UCITS compliant Exchange Traded Funds (UCITS ETFs) referred to on this website are open ended mutual investment funds (i) established under the French law and approved by the Autorité des Marchés Financiers (the French Financial Markets Authority), or (ii) established under the Luxembourg law and approved by the Commission de Surveillance du Secteur Financier (the Luxembourg Financial Supervisory Committee). Most of the protections provided by the Danish regulatory system generally and for funds authorised in Denmark do not apply to these exchange traded funds (ETFs).
This website is exclusively intended for persons who are not "US persons", as such term is defined in Regulation S or the US Securities Act 1933, as amended, and who are not physically present in the US. This website does not constitute an offer or an invitation to purchase any securities in the United States or in any other jurisdiction in which such offer or invitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. Potential users of this website are requested to inform themselves about and to observe any such restrictions.
Index Replication Process

UCITS ETFs follow both physical and synthetic index replication process.
However, most UCITS ETFs follow synthetic replication process. This consists of entering into a derivative transaction (a ‘Performance Swap’, as defined below) with a counterparty that provides complete and effective exposure to its benchmark index. Amundi has adopted this methodology in order to minimise tracking error, optimise transaction costs and reduce operational risks.
A Performance Swap is a contractual agreement which is negotiated over-the-counter (OTC) between two parties: the UCITS ETF and its counterparty. From a risk perspective, each Performance Swap ranks equally with other senior unsecured obligations of the counterparty, such as common bonds (i.e., same rights to payments). In the Performance Swap, the counterparty of the  UCITS ETF commits to pay the UCITS ETF a variable return based on a pre-determined benchmark index, instead of a fixed stream of income (as in bonds). At the same time, the counterparty will receive from the UCITS ETF the performance and any related revenues generated by the basket's assets (excluding the value of the Performance Swap) held by the UCITS ETF. Information provided on individual ETFs includes data on the basket relating to the ETF and the percentage value of the basket represented by each asset. The information is relevant to the closing values on the date given. 
Investment Risks
The UCITS ETFs described on this website are not suitable for everyone. Investors' capital is at risk. Investors should not deal in this product unless they understand, having obtained independent professional advice where necessary, its nature, terms and conditions, and the extent of their exposure to risk. The value of the product 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. If a fund is quoted in a different currency to the index, currency risks exist.
Prior to any investment in any UCITS ETF, you should make your own appraisal of the risks from a financial, legal and tax perspective, without relying exclusively on the information provided by us. We recommend that you consult your own independent professional advisors (including legal, tax, financial or accounting advisors, as appropriate).
Specific Risks

·         Capital at Risk. ETFs are tracking instruments: Their risk profile is similar to a direct investment in the Benchmark Index. Investors’ capital is fully at risk and investors may not get back the amount originally invested. Investments are not covered by the provisions of the Financial Services Compensation Scheme (“FSCS”), or any similar scheme.
·         Counterparty Risk. Investors may be exposed to risks resulting from the use of an OTC Swap with any counterparty. Physical ETFs may have Counterparty Risk resulting from the use of a Securities Lending Programme.
·         Currency Risk. ETFs may be exposed to currency risk if the ETF or Benchmark Index holdings are denominated in a currency different to that of the Benchmark Index they are tracking. This means that exchange rate fluctuations could have a negative or positive effect on returns.
·         Replication Risk. ETFs are designed to replicate the performance of the Benchmark Index. Unexpected events relating to the constituents of the Benchmark Index may impact the Index provider’s ability to calculate the Benchmark Index, which may affect the ETF’s ability to replicate the Benchmark Index efficiently. This may create Tracking Error in the ETF.
·         Underlying Risk. The Benchmark Index of a UCITS ETF may be complex and volatile. When investing in commodities, the Benchmark Index is calculated with reference to commodity futures contracts which can expose investors to risks related to the cost of carry and transportation. ETFs exposed to Emerging Markets carry a greater risk of potential loss than investment in Developed Markets as they are exposed to a wide range of unpredictable Emerging Market risks.
·         Liquidity Risk. On-exchange liquidity may be limited as a result of a suspension in the underlying market represented by the Benchmark Index tracked by the ETF; a failure in the systems of one of the relevant stock exchanges, Market Maker systems; or an abnormal trading situation or event. 
The securities can be neither offered in nor transferred to the United States.
Any statement in relation to tax, where made, is generic and non-exhaustive and is based on our understanding of the laws and practice in force as of the date of this document and is subject to any changes in law and practice and the interpretation and application thereof, which changes could be made with retroactive effect. Any such statement must not be construed as tax advice and must not be relied upon. The tax treatment of investments will, inter alia, depend on an individual’s circumstances. Investors must consult with an appropriate professional tax adviser to ascertain for themselves the taxation consequences of acquiring, holding and/or disposing of any investments mentioned on this website. 

Further information on the risk factors are available in the Risk Warning section of the website.
Any fund prospectus and supplements are available at Information given about the past performance of the funds is no guarantee of future performance. No investment decision should be taken without reading the fund prospectus and any fund supplement of the fund concerned.
Although the content of the website is based upon information that Amundi consider reliable or comes from sources that Amundi consider reliable, Amundi have not verified such information. Amundi make no representation or warranty as to the accuracy, completeness or adequacy of any information.  Any reproduction, disclosure or dissemination of the materials available on the website is prohibited.

This website uses cookies to make the website work or improve your user experience. Cookies are small text files that are saved on your computer or device, which are used for several purposes such as detecting preferences and improving site navigation. By continuing to use this website you consent for cookies to be used. For more details, including how to amend your preferences, please read our Cookies Policy.
By clicking on your client type to enter the website, you shall be deemed to have represented to us that you are not a U.S. person and that you are not located in the United States of America, its territories and possessions, and any State of the United States of America and that you are authorised to receive the information to and on this website.
August, 2015

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This policy applies to all personal data processed by entities belonging to Lyxor Group1 acting as the data processor.

The Lyxor Group attaches great importance to the protection of your personal data. Whenever you provide us with personal data, we will handle it in accordance with the Policy set out below and with the applicable legal and statutory provisions.

We act as the data processor when processing your personal data within the framework of our portfolio management activities. The main aim of this policy is to inform you about the purposes of such processing, how long we keep your data for, your rights and how to exercises these rights.

  • What personal data do we process?

We only collect the personal data necessary for the conduct of our activities and that allow us to introduce you to our products and services, whether you are a potential client, a client, a visitor to our websites or a service provider.

We may collect different categories of personal data such as, in particular, your last name, first name, IP address, postal and email address, telephone number, nationality, place and date of birth, ID card or passport number.

  • Why and on what legal bases do we use your personal data?

When you browse our website, we may collect some of your personal data and specifically your IP address. In some cases, you will also provide us with your last name, first name, telephone number and email address by completing forms or via contact pages, in particular for the following purposes:

  • Managing your connection and browsing. Your personal data may be retained for a period of one (1) year, counting from the date on which your data were collected.
  • Replying to your requests sent via the website. Your personal data may be retained for a period of three (3) years, counting from the last contact date;
  • Providing news relating to our products and services by means of newsletters. Your personal data may be retained until you unsubscribe; and
  • Commercial prospection. Your personal data may be retained for a period of three (3) years, counting from the date on which business relations ended, or the date on which a potential client last contacted us.

Furthermore, we may process your personal data for the following purposes:

  • To comply with our legal and statutory obligations, among which:
    • combatting money laundering and the financing of terrorism, and in particular verifying and updating "Know Your Customer – KYC" data. Your personal data may be retained, as part of the KYC process, for a period of six (6) years, counting from the date on which business relations ended;

    • compliance with the applicable legislation governing international sanctions and embargos. Your personal data may be retained for a period of five (5) years, counting from the date on which business relations ended;

    • combatting tax fraud, complying with obligations regarding tax returns and declarations. Your personal data may be retained for a period of ten (10) years, counting from the declaration;

    • compliance with the regulations associated with financial markets by virtue of which we need, in particular, to:

      • carry out due diligence operations. Your personal data may be retained for a period of five (5) years, counting from the date on which business relations ended;

      • meet our reporting obligations to the competent Authorities. Your personal data may be retained for a period of five (5) years, counting from the date on which business relations ended;

      • record conversations and communications regardless of their media (electronic or paper correspondence, faxes, telephone interviews, etc.) Depending on the cases covered by the regulations, your personal data may be retained for a period of seven years, counting from the date on which they were recorded;

    • in replies to official requests from duly authorised public or judicial authorities. Your personal data may be retained for a period of five (5) years, counting from the date of the reply;

  • To assist you and reply to your requests made via our websites or addressed to us by email or on the telephone, especially so as to provide you with information relating to our products and services. Your personal data may be retained for a period of three (3) years, counting from the date on which you last contacted us;

  • To monitor and manage the business relations we have with each of our clients and potential clients. Clients' personal data may be retained for a period of three (3) years, counting from the date on which business relations ended; personal data relating to a potential client may be retained for a period of three (3) years, counting from the date on which they were collected or the date on which a potential client last contacted us.

  • To provide you, under certain conditions, with the contact details of our portfolio managers. Your personal data may be retained for a period of three (3) years, counting from the date of your last connection to the relevant website;

  • To provide news relating to our products and services by means of newsletters. Your personal data may be retained until you unsubscribe;

  • To carry out commercial prospection, subject to you exercising your right of objection, by informing you, in particular, of our news, if that could be of interest to you (sales events, updates or additional publication about our products an services...). Your personal data may be retained for a period of three (3) years, counting from the date on which business relations ended, or the last date on which a potential client last contacted us;

  • To combat fraud. Your personal data may be retained for a period of ten years, counting from the date on which the judicial file was closed;

  • To manage our relations with the press. If you are a journalist, your personal data may be retained for a period of three (3) years, counting from the last contact date.

Your personal data are processed with respect for your fundamental freedoms and rights, with regard to:

  • the execution of a contract,
  • compliance with a legal or statutory obligation incumbent upon us,
  • the pursuit of our legitimate interests, or
  • obtaining explicit consent from you, which we will seek in the event of the personalisation, targeting and/or optimisation of our offers and services. You can, therefore, withdraw your consent at any time.

We may also aggregate your data in order to establish anonymised marketing reports.

Your personal data may be retained for the period necessary to achieve the purpose for which they were collected as referred to above, within the prevailing time limits. They will subsequently be deleted. Exceptionally, these data may be stored to manage ongoing complaints and disputes, as well as to meet our legal or statutory obligations and/or to reply to requests from duly authorised authorities.

Accounting data may be retained for a period of ten (10) years in accordance with the applicable legislation.

  • Communication with third parties

Lyxor is likely to communicate your personal data to its partners and distributors, as well as to its subcontractors and providers, within the limits necessary to achieve the purposes set out above.

Lyxor may also communicate your data to meet its legal or statutory obligations, or to respond to requests from authorities duly authorised to make such requests.

  • Transfer of personal data outside the EEA

Due, in particular, to the international dimension of Lyxor Group and in order to provide our services, the processing referred to above is likely to involve the transfer of personal data to non-member countries of the European Economic Area (EEA) whose laws on personal data protection differ from those of the European Union. In this case, a precise and demanding framework, complying with the models adopted by the European Commission, as well as appropriate security measures, have been put in place to ensure the protection of personal data.

Transfers of personal data outside the EEA take place in conditions and with guarantees suitable for ensuring the confidentiality and security of such data in accordance with the applicable legislation. To this end, we implement all the appropriate technical and organisational measures to ensure the security of your personal data which could be communicated to the authorised administrative and judicial authorities in the country concerned, in particular concerning the fight against money laundering and the financing of terrorism, the fight against fraud and the determination of a person's tax status.

  • What are your rights and how can you exercise them?

You have several rights when it comes to protecting your personal data:

  • Rights of access and rectification,
  • Right to erasure,
  • Right to limitation in time with regard to data processing, and
  • Right to data portability.

You can also object at any time, for reasons relating to your specific situation, to your personal data being processed. It is stated that the exercise of some rights may result, on a case-by-case basis, in it being impossible for Lyxor to provide a product or a service.

You can also, at any time and free of charge and without having to provide reasons for your request, object to your data being used for commercial prospection or being communicated to third parties for the same.

You can exercise your rights by contacting the Personal Data Protection Officer at the following address

You have the right to complain to the National Commission for Data Protection (Commission Nationale de l’Information et des Libertés (CNIL)), the supervisory authority responsible for ensuring compliance with personal data protection obligations.

  • How do we guarantee the security of your data?

We do our utmost to implement technical and organisational measures designed to protect your data. We insist that our staff and all third parties who work for us observe strict standards regarding the security and protection of information and meet contractual obligations under which they commit to protecting all personal data and applying strict measures regarding the transfer of data.

  • How can you find out about the changes to the Personal Data Protection Policy?

This Policy may be updated at any time without notice or systematic notification.

If you have printed or saved this Policy, please consult the latest version of the Policy available on our websites.

  • How can you contact us?

If you have any questions about the use of your personal data within the framework of this Policy, please contact the Data Protection Officer by writing to the following address


The website uses cookies and similar technologies.

  • What is a cookie?

A cookie is a text file that may be stored on your internet browser when you visit a website. A cookie file allows its transmitter to identify the device on which it is stored, during the period of validity or storage of the said cookie.

  • Which cookies do we use?

We use the cookie types designed for the purposes set out below:

  • Required cookies

These cookies are necessary for our website to function properly. They contain uniquely identifying information and by disabling them or deleting them, certain processes may not work properly. These cookies relate strictly to the functioning of our website and do not require the information and prior consent of a user to be deposited on his or her terminal.

Cookies What data is collected?
Retention period
User profile Duration:
Session cookies
This cookie is used to personalise navigation of the website as well as to safeguard user preferences by linking them to a temporary anonymous session in our servers. It is also essential for the security of the website.

User profile Duration: 1 month
(last visit date + 30 days)
This cookie is used to remember the choice of user profile (retail or institutional) for the disclaimer.



User preference regarding cookies

Duration : date of setting the preference + 1 year
These cookies allow our websites to remember information that changes the way our site behaves or looks, such as your preferred language or the region you are in.
User preference regarding cookies

Duration : date of setting the preference + 1 year
This cookie is used to keep track of the versions of the aforementioned consent cookies
Add BNES_* cookies
Last visit +1 month
Cookies used for security reasons (to prevent cookie tampering)
  • Functionality cookies

These cookies are not essential to the browsing of our website, but they help optimise its performance and give the user access to specific features. Placing cookies on the user’s device is the easiest and fastest way to customise and improve the user experience.

  • Analytics cookies

Analytics cookies are used to track visitors on our website. They are essential to help our team measure the performance of our websites and optimise it.

These cookies are:

Cookies What data is collected?
Retention period
Web pages visited on our website
Duration: 2 years
This cookie is associated with Google Universal Analytics - which is a significant upgrade to Google Analytics and often used as an analytics service.
This cookie is used to distinguish each user by assigning a random number used as a client identifier.
_gat_UA-*-* cookies
Web pages visited on our website
Duration: 10 minutes
This cookie is associated with Google Universal Analytics. It is used to reduce the number of requests made to collect data.
  • Marketing cookies

These cookies are used to better target advertising to a user (behavioral targeting). They are served by our marketing partners and other third-party companies and help deliver a personalised user experience throughout the website.

These are some examples of marketing cookies:

Cookies What data is collected?
Retention period
Display times for video, playback settings, etc.
Duration:1 month
These cookies are set via embedded youtube-videos. They register anonymous statistical data on for example how many times the video is displayed and what settings are used for playback.
User’s visits, average time sent, pages loaded, etc.
Duration: 90 days
Collects anonymous data related to the user's visits to the website, such as the number of visits, average time spent on the website and what pages have been loaded, with the purpose of displaying targeted ads.

Third party cookies

The generation and use of cookies by third parties are governed by the cookies’ policies of these third parties. We provide information on the object of the cookies of which we are aware and on the choices you have regarding these cookies.

For the third-party cookies, there are two kinds of them:

  • Google Analytics’ Cookies: They are on the website to track the pages viewed and the user events such as clicks, pdf views. Their purpose is to give a clear overview of the visitors’ journey, which is a fundamental factor for the continuous improvement of the website content.
  • Marketing Cookies: They are mainly about product pages views that represent KPIs for marketing. Their goal is to identify the eventual products that can be interlinked from a user perspective to develop a recommendation system.

In Lyxor ETF’s website, there are cookies related to the following marketing companies:

  • Doubleclick (owned by Google): domain is
  • Flashtalking: domain is
  • Hotjar: domain is
  • Marketo: domain is

How to refuse / delete cookies?

Saving a cookie to a device is essentially dependent on the wishes of its user who can express his/her consent and modify it at any time, free of charge.

  • If you have accepted the use of cookies in your web browser, cookies integrated in the pages and content that you have visited may be stored temporarily in a dedicated area of your device.
  • If you refuse to allow cookies to be stored in your device, or if you delete those that are stored, you will no longer benefit from a number of our site's features.

This is how to accept/decline or delete the cookies on our website:

Setting up your browser
Most browsers accept cookies by default. However, you can decide to block these cookies or ask your browser to warn you when a site attempts to implement a cookie on your device.

To change your browser's cookie management, you can change the settings in the privacy tab.

Each browser is configured differently for managing cookies and choices. The configuration is described in your browser's help menu; consult it to find out how to modify your cookie preferences.

For Internet Explorer
In Internet Explorer, click the Tools button, then select Internet Options.
In the General tab, under Browsing History, click Settings.
Click the Show Files button.
Click the Name column header to sort the files in alphabetical order, and then go through the list until you see files beginning with the prefix "Cookie". (All cookies have this prefix and usually contain the name of the website which created the cookie).

For Firefox
Go to the "Tools" tab of the browser then select the Options menu.
From the panel to the left, select Privacy & Security
Go to the section Cookies and Site Data:

  • To delete cookies: click on Clear data, select the data you would like to delete and click on Clear
  • To manage cookies: click on Manage data then click on the cookie you would like to manage and then choose to Remove selected or Remove All.

For Safari (Safari 5.1 and later)

  • In Safari, from the Safari menu, select Preferences....
  • In the Safari preferences window, click Privacy.
  • To manage cookie settings, next to "Block cookies", select “From third parties and advertisers”, Always, or Never.
  • To view or remove individual cookies, click Details.... Select the cookie to delete and click Remove.
  • To delete all cookies, select Remove All Website Data... In the window that appears, select Delete.

For Google Chrome
Click the Tools menu icon.
Select Options.
Click the Advanced Options table and go to the "Confidentiality" section.
Click the Show cookies button.
Select them and delete them.
Click "Close" to return to your browser.

Microsoft Edge
To delete cookies:

  • Open the new Microsoft Edge and then select Settings > Privacy and services.
  • Under Clear browsing data, select “Choose what to clear” button.
  • Under Time range, choose a time range.
  • Select Cookies and other site data, and then select Clear now.

To view cookies :

  • Open Microsoft Edge and then select Settings > Site permissions.
  • Select Cookies and site data. Here you can set specific controls for cookies.
  • Select See all cookies and site data to view all cookies saved on your device.

The cookie stored when using the sharing buttons is also included on this platform.

Important note: Taking your wishes into account depends on the use of cookies. If you delete all the cookies stored on your device (via your browser), we (or our providers) will not know you have chosen this option.

How to consent / manage cookies?

The user of a Lyxor ETF websites has the possibility to:

  • Accept all cookies

Lyxor ETF websites require a valid consent from the users to the cookies. Namely, the consent is (a) freely given (no cookies walls), (b) specific (users are able to consent the type of cookies, (c) informed (the information provided to the users is comprehensive and visible and (d) unambiguous (consent is given through a clear affirmative action by the user given prior notification of the consequences of his choice and having the means to exercise said choice).

  • Manage cookies

Lyxor ETF websites allow the user to manage the cookies per category (e.g. analytical cookies, functionality, marketing cookies, etc.) and freely decide which category to accept.

  • Reject all cookies

Lyxor ETF websites allow the user to refuse or to withdraw the consent at any time.

Links to websites managed by third parties

The Lyxor ETF website can, from time to time, contain links redirecting you to the websites of our partners, to advertising sites or other websites that can contain important information. If you use one of these links, please be aware that these sites have their own cookie policies and we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

More information about cookies

See the CNIL website:

[1] Lyxor Asset Management, Lyxor International Asset Management, Lyxor Intermediation, Lyxor Asset Management UK LLP, Lyxor Asset Management Inc.