18 Sep 2020
18 Sep 2020
For Marketing Purposes:
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).
Newsflow on green investing saw some major development last week. The influential investor group Climate Action 100+ wrote to the largest greenhouse gas emitters in the world, urging them to put in place a “net-zero strategy” for 2050 or earlier. This ambition would effectively mean significantly reducing overall corporate emissions to zero, including ‘Scope 3’ emissions coming from their full value chain of activities.
The European Commission also stepped up their game, announcing they would ramp up their target to cut emissions by 55% by 2030, up from their original target of 40%.
Green bonds financing eco-friendly projects could be well placed to benefit from this shift to decarbonisation, and a world striving to align with the most ambitious goal of the Paris Agreement – a global warming limit of 1.5°C above preindustrial levels.
In our latest Expert’s View, we give an update on the market, discuss how green bonds compare to traditional ones, and share our views on the ‘greenium’ debate on green bond pricing.
This document has been provided by Lyxor International Asset Management that is solely responsible for its content.
MULTI UNIT LUXEMBOURG – Lyxor Green Bond (DR) UCITS ETF - Acc, domiciled in Luxembourg, MULTI UNIT LUXEMBOURG – Lyxor Green Bond (DR) UCITS ETF - Monthly Hedged to EUR - Acc,domiciled in Luxembourg, (Registered Funds) are collective investment schemes approved by the Swiss Financial Market Supervisory Authority FINMA (FINMA) as foreign collective investment schemes 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 Funds (ETFs) are listed on the BX Swiss.
MULTI UNIT LUXEMBOURG – Lyxor Green Bond ESG Screened (DR) UCITS ETF - Acc , domiciled in Luxembourg (non-Registered Fund, and together with the Registered Funds, the Funds) is a collective investment scheme not approved by the FINMA as a foreign collective investment scheme pursuant to article 120 of the CISA for distribution in Switzerland. Accordingly, the non-Registered Funds may be offered in Switzerland exclusively to Qualified Investors as defined in the CISA and its implementing ordinance.
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 Funds 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 Funds distributed in and from Switzerland, place of performance and jurisdiction is at the registered office of the Representative in Switzerland.