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The Lyxor ETFs on this website may be restricted for certain individuals or in certain countries pursuant to the national regulations applicable to those individuals or countries. It is therefore your responsibility to ensure that you are authorised to invest in the Lyxor ETFs on this website. 

 

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If you are an investor in Sweden, please go to www.lyxoretf.se

If you are an investor in Finland, please go to www.lyxoretf.fi

 

 

The Lyxor ETFs on this website are undertakings for collective investment in transferable securities (UCITS) (i) domiciled in France and approved by the Autorité des Marchés Financiers (AMF) or, (ii) domiciled in Luxembourg, approved by the Commission de Surveillance du Secteur Financier (CSSF) and authorised to market their units or shares in the French Republic in accordance with the notification procedure under Article 93 of Directive 2009/65/EC. Investors should note that the prospectuses of certain Lyxor ETFs under Luxembourg law that have been notified in accordance with this procedure are only available on the website in English. A French translation of these prospectuses can be obtained upon request by sending a letter to Lyxor International Asset Management (“Lyxor”) – 17 Cours Valmy, 92987 Paris La Défense, France.

 

The information on this website is not intended for persons or entities that are resident, located or registered in jurisdictions that are not authorised to distribute Lyxor ETFs. As a result, the information on this website does not constitute an offer or solicitation to buy or sell units or shares in these ETFs by anyone in any jurisdiction:

 

(a)   in which such an offer or solicitation is unauthorised;

(b)   in which Lyxor is not qualified to make such an offer or solicitation; or 

(c)   in which it is unlawful to make such an offer or solicitation.

 

In particular, the Lyxor ETFs on this website are not and will not be registered under the United States Securities Act of 1933, as amended. As such, they may not be offered or sold within the United States of America, except in specific cases where transactions are exempt from registration under the Securities Act. The ETFs listed on this website may not be sold to US citizens or transferred to the United States by any other means, unless this transaction is not subject to any specific registration under US law. 

 

Any person from a jurisdiction to which the above-mentioned restrictions apply should inform themselves of and observe these restrictions.

 

This website is intended for commercial purposes and is not regulatory in nature. Although the information provided has been drawn up on the basis of sources considered to be reliable, there is no guarantee that it is accurate, complete or relevant. Some of the information on this website is provided on the basis of market data collected at a specific time and may therefore vary over time. Lyxor advises investors to read the risk factors section of the prospectus and the key investor information document carefully. These documents can be found on the website.

 

The net asset value (“NAV”) of Lyxor ETFs may at any time be subject to considerable price fluctuations, which in some cases may lead to the loss of all of the capital invested. Investors should note that some ETFs may be sensitive to fluctuations in the exchange rate between their reference currency and that of the underlying index, as well as of the components of the underlying index.

 

Before investing in a Lyxor ETF, you should carry out your own risk analysis of the product from a legal, tax and accounting perspective, rather than basing your decision solely on the information provided. If necessary, you should consult your own advisers or any other qualified professional. 

 

Subject to compliance with the legal obligations by which they are bound, Lyxor or any entity within the same group shall not be held liable for any financial or other consequences of an investment in the product. 

 

 

By clicking on institutional or individual above, I confirm that I have read and understood the information provided herein, and that I am resident or registered in Luxembourg.

 

16 Jan 2020

The surprising tech at the heart of clean energy

The world’s future is getting cleaner and greener. The era of fossil fuels and ‘gas-guzzling’ is coming to an end, and while news headlines focus on wind turbines, solar energy and tidal power, a much smaller but important innovation is already dramatically shaping the future of energy efficiency.  

The semiconductor. 

A new era in energy efficiency

Semiconductors are components of an electronic circuit, and the excitement around them is due to their potential to improve the energy efficiency of almost every kind of device. 

LED lighting is a simple example: this ubiquitous technology is possible because of semiconductor technology. More importantly from an energy-efficiency standpoint, semiconductors are found in the integrated circuits which manage the power in everything from car motors, to air conditioning units, to batteries and mobile phones. Wherever technological breakthroughs are improving energy efficiency, semiconductors are found. 

Already, one study from the American Council for Energy-Efficient Economy demonstrate that car miles per gallon had improved 40% over a 30 year period; lighting lumens per watt – a measure of luminous efficacy – were up by 339%; and computer system instructions per second per watt had improved 2,857,000%.1 All due to semiconductor-led efficiencies. The Semiconductor Industry Association considers the potential energy savings from further advances to be ‘limitless’.

Investors and governments are growing increasingly interested in clean energy, meaning there are strong financial motivators to improve the technology further. Many governments already support clean energy alternatives with feed-in tariffs and subsidies, and increasing cost-effectiveness has led to higher rates of adoption for green technology. The ongoing volatility of fuel prices is another reason to support energy alternatives. 

Yet in the race to find the ‘next’ new source of energy, the vast importance of energy efficiency is often overlooked. Energy efficiency is where the mighty energy savings, which could slash CO2 in the atmosphere, are already starting to emerge. 

Tiny efficiencies, huge gains

Small adjustments, added up, make a huge difference. If every car on the planet is built to run slightly more efficiently, the combined energy saving is enormous. Now consider if every light bulb, air conditioning unit, heating system, battery, mobile phone and so on, also ran on much less energy. The improvements globally could be enormous. 

Semiconductors allow renewable sources of energy to run far more cleverly. Integrated circuits enable small-scale local grids; they manage power and current directions. They regulate and convert power and are highly likely to be found in almost every kind of new device. 

Semiconductors can improve the efficiency of electricity; a semiconductor-based light-emitting diode (LED) can be up to ten times more efficient, and semiconductor technology is already making solar and wind power much more energy-lean and viable.

Identifying the innovators

Given the importance of semiconductor technology, it’s not surprising that the largest clean-energy companies in the world are semiconductor manufacturers: Schneider Electric, STMicroelectronics and ON Semiconductor Corporation. These companies are at the forefront of semiconductor research and development.

Schneider Electric is leading a digital transformation of energy management and automation. It is innovating in electric car charging, lighting control, power metering, solar and energy storage, and grid automation, among other areas.2

STMicroelectronics is an integrated device manufacturer, focusing especially on smart transport. A technology innovator, the company has a strong commitment to sustainability, and to the future of autonomous driving.2

ON Semiconductor Corporation manufactures semiconductor components for a wide variety of electronic devices and power solutions.2

Investing in the future of energy 

These companies all feature in the underlying index of the Lyxor New Energy UCITS ETF. 

Our fund offers investors a straightforward way to contribute to a cleaner future by investing in leading technology at the very forefront of alternative energy activities. Diversified across a range of clean energy companies that cover renewables, distributed energy and energy efficiency, the ETF has a proven twelve-year track record. This is a way to access the companies at the very forefront of alternative energy activities.

A pioneer in green investing

Lyxor has a strong commitment to responsible and sustainable investment. We signed the Principles of Responsible Investing back in 2014 and are proud to take a stand and vote on important issues for the companies within our ETFs. We’re not shy of engaging in direct dialogue with companies if we believe improvements can be made. In addition, the carbon footprint of all our equity ETFs is available on our website. 

We see green energy and the exciting innovations in semiconductor technology and energy efficiency as progressive, sustainable and potentially profitable ways for investors to invest in a better future. 

Make an impact today by investing clean energy

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.

1Source: “A Smarter Shade of Green,” ACEEE Report for the Technology CEO Council, 2008.
2Schneider Electric, STMicroelectronics and ON Semiconductor Corporation information obtained from each company’s website. 

Risk Warning

This document is for the exclusive use of investors acting on their own account and categorised either as “Eligible Counterparties” or “Professional Clients” within the meaning of Markets in Financial Instruments Directive 2014/65/EU. These products comply with the UCITS Directive (2009/65/EC). Société Générale and Lyxor International Asset Management (LIAM) recommend that investors read carefully the “investment risks” section of the product’s documentation (prospectus and KIID). The prospectus and KIID are available free of charge on www.lyxoretf.com, and upon request to client-services-etf@lyxor.com.

Except for the United-Kingdom, where this communication is issued in the UK by Lyxor Asset Management UK LLP, which is authorized and regulated by the Financial Conduct Authority in the UK under Registration Number 435658, this communication is issued by Lyxor International Asset Management (LIAM), a French management company authorized by the Autorité des marchés financiers and placed under the regulations of the UCITS (2014/91/EU) and AIFM (2011/61/EU) Directives. Société Générale is a French credit institution (bank) authorised by the Autorité de contrôle prudentiel et de résolution (the French Prudential Control Authority).

The products mentioned are the object of market-making contracts, the purpose of which is to ensure the liquidity of the products on the London Stock Exchange, assuming normal market conditions and normally functioning computer systems. Units of a specific UCITS ETF managed by an asset manager and purchased on the secondary market cannot usually be sold directly back to the asset manager itself. Investors must buy and sell units on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units and may receive less than the current net asset value when selling them. Updated composition of the product’s investment portfolio is available on www.lyxoretf.com. In addition, the indicative net asset value is published on the Reuters and Bloomberg pages of the product, and might also be mentioned on the websites of the stock exchanges where the product is listed.

Prior to investing in the product, investors should seek independent financial, tax, accounting and legal advice. It is each investor’s responsibility to ascertain that it is authorised to subscribe, or invest into this product. This document is of a commercial nature and not of a regulatory nature. This material is of a commercial nature and not a regulatory nature. This document does not constitute an offer, or an invitation to make an offer, from Société Générale, Lyxor Asset Management (together with its affiliates, Lyxor AM) or any of their respective subsidiaries to purchase or sell the product referred to herein.

Research disclaimer

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

Conflicts of interest 

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

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