By continuing to browse the site, you are agree on the use of cookies to track the number of visits.To know more about cookies policy:click here
28 Feb 2019


Dear shareholder,
According to our records, you hold shares in Lyxor MSCI Europe (DR) UCITS ETF (the “Sub-fund”), which is a sub-fund of the SICAV fund Multi Units France, and which is managed by its delegated asset manager Lyxor International Asset Management (hereafter “LIAM”).
As a result of the United-Kingdom’s withdrawal from the European Union, LIAM hereby informs the Sub-fund’s investors that its shares are no longer eligible for inclusion in a French “PEA” equity savings plan.
Accordingly, on 28 March 2019, this Sub-fund’s Prospectus and Key Investor Information Document will be amended to reflect the modifications described below.
1) Amendment of the “Investment Strategy” section of the Sub-fund’s prospectus
The following paragraph will be removed from the “Investment strategy / 1) Strategy employed” section of the prospectus:
“The Sub-fund will at all times invest at least 75% of its assets in companies with head offices in a member state of the European Union or in another country that is a member of the European Economic Area and which has signed a tax convention with France that includes an administrative assistance clause for the purpose of fighting tax fraud and evasion. This minimum investment requirement qualifies the Sub-fund for French 'PEA' equity savings plans.”
2) Amendment of the Key Investor Information Document
The following sentence will be removed from the “Investment objectives and policy” section:
“The Fund is eligible for French “PEA” equity savings plans and accordingly must invest at least 75% of its assets in the equities of European Union companies.”
3) How this affects investors
The only consequence of this is to make the Sub-fund ineligible for inclusion in a PEA share savings plan.
None of the Sub-fund’s other characteristics will change, including its investment method, risk/return profile, trading codes or management fees and charges.