Change Country
Welcome to Belgium
Please read the important information below before continuing to our website

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

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. 

If you are an investor in the United Kingdom, please go to  

If you are an investor in the Netherlands, please go to  

If you are an investor in Italy, please go to  

If you are an investor in Spain, please go to  

If you are an investor in Austria, please go to  

If you are an investor in Germany, please go to   

If you are an investor in Singapore, please go to  

If you are an investor in Switzerland, please go to  

If you are an investor in Belgium, please go to  

If you are an investor in Poland, please go to 

If you are an investor in Norway, please go to

If you are an investor in Denmark, please go to

If you are an investor in Luxembourg, please go to

If you are an investor in Sweden, please go to

If you are an investor in Finland, please go to

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”) – 91-93, boulevard Pasteur, 75015 Paris -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 Belgium.

We have a new home

Banner Amundi

Read more
23 Sep 2020

The case for index investing to tackle climate change

When a decision has been made to invest in line with climate or ESG considerations, an investor is faced with an important choice: active manager or index fund?

Some argue active managers are best-placed to implement sustainable strategies such as environmental, social and governance (ESG) or climate change investing, because they can make considered decisions to buy or sell companies based on observed behaviours. Others maintain that index funds can achieve the same goals in a transparent and rules-based way for a fraction of the cost.

As the money invested in climate-friendly and socially-responsible strategies rises, it becomes more important to investigate which approach works best for achieving certain investment goals. On this question rely major pools of capital that could make a significant contribution to a sustainable future for the planet.

In this article, we outline three factors which we believe support an index-based approach for climate and ESG investing, in 2020 and the decades beyond.

Reason #1: Better data means indices now match even advanced sustainability goals

Thanks to improvements in data quality, investment indices today can be built to reflect all sorts of climate and ESG policies – then make them accessible to investors at a low cost.

Innovations in this area include exclusionary screens that filter out, as an example, companies that consume or extract high amounts of thermal coal. They include the implementation of specific values such as gender equality, or stock selection based on carbon ratings, or alignment with the UN’s Sustainable Development Goals (SDGs). All these varied objectives and more are now codified in indices, meaning most sustainable investment objectives may now be achieved using an index-based approach.

The variety of new sustainable indices means they could be used in a variety of new ways; as portfolio cores, for example, that could substitute traditional market-capitalisation weighted indices for ones that weight by ESG scores, with limited tracking error. Some values-orientated or broad sustainability indices may be used as diversifiers whenever implementing those convictions justifies a higher tracking error.

Overall, better data means better indices and more ways to invest with an index-based approach in a transparent, low-cost and rules-based way – all important considerations for investors looking to generate long term sustainable performance.

Reason #2: Indexing makes sustainable investing scalable

Much of sustainable investing practice is focused on ‘impact’, which means assessing an investment’s social or environmental effect alongside its financial return.

Impact investing is often associated with private loans and private equity, where active funds are clearly well-placed to play a role. Yet, the same principles that support investing in private assets – intentionality, additionality, measurability – are also reflected in the publicly-listed assets generally tracked by ETFs.

And because listed assets have higher liquidity than unlisted ones, an index investor can mobilise larger amounts of capital and make it work towards their ESG goals.

Some examples of how Lyxor’s ETFs help investors deploy capital towards important sustainable goals include our funds contributing to UN SDGs, which invest to support climate actionwaterclean and affordable energy and gender equality. Our ESG Trend Leaders range invests in companies with a rising ESG trend, not only the best-rated ones, as we believe it makes more impact to reward companies actively making changes.

Reason #3: Good passive managers have an active voice

One concern among investors comparing active and index-based strategies for sustainable investing is shareholder engagement: can a passive investor really hold portfolio companies to account?

Some passive managers, including Lyxor, have tackled this by setting up voting policies like an active manager. These policies and voting records are public and the manager is accountable to fund holders. In Lyxor’s shareholder engagement policy it also involves a direct dialogue with companies to communicate expectations, for example with respect to governance.

In our updated 2020 voting policy, we have upped the ante for company engagement, with climate change considerations in particular taking a more prominent role. We may now refuse to grant discharge to a board of directors or to approve the reappointment of members in the case of environmental controversies or a lack of transparency concerning greenhouse gas emissions. From 2021, we may also refuse the chairman re-election of any board where the company refuses to uphold the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), a framework designed to help companies and ESG investors better manage their exposure to climate risks and opportunities.

On top of that, Lyxor will be able to vote against resolutions concerning executives’ compensation if extra-financial measures have not been sufficiently considered within remuneration policies.

This shows it is possible to encourage sustainable business practice with index investing – if that investment is with a responsible ‘active’ passive manager.

More choice means more ways to achieve sustainable investment goals

The combination of better sustainability data, the scalability of index-based investing, and the power of company engagement by major passive managers, means investors can confidently use index-based strategies to achieve sustainable investment goals.

Here at Lyxor, we have made it our mission to provide investors with all sorts of index products that increase the options for climate, ESG, and values-based investing. Our pioneering Green Bonds ETF invests only in green bonds approved by the Climate Bonds Initiative, ensuring proceeds are strictly earmarked to pro-climate projects and assets.

Similarly, where the landmark Paris Agreement committed the countries of the world to limit global warming to “well below” 2°C and “pursue efforts to limit” it to 1.5°C above preindustrial levels, research is demonstrating that there are major differences in the outcome of +2°C versus +1.5°C for the sustainability of human ecosystems,1 and rules-based indexes can be designed to match this most ambitious target.

Our climate transition ETFs launched this year are designed to help investors meet this goal by starting their climate transition plans right now, using core equity indices built by S&P and MSCI. These benchmarks give higher weights to companies with a capacity to manage and contribute to climate transition through the reduction of carbon emissions.

In the same way that the $6.7tn ETF industry2 caused an unquestionable shift in the investment landscape, we’re delighted to see a shift of similar scope towards better, greener portfolios.3 Choices now abound for long term investors seeking to invest sustainably, and index investing has many benefits in the fight against climatete change that make it worth taking seriously.

Learn more about our Climate Transition ETFs designed to help limit global warming

1Source: Intergovernmental Panel on Climate Change, Special Report, October 2018, 2Source: ETFGI, as at Sep 2020. 3Source: GSIA, 2018 Global Sustainable Investment Review.

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, and upon request to

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 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

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.

Connect with us on linkedin