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28 Feb 2019

INELIGIBILITY FOR FRENCH PEA EQUITY SAVINGS PLANS OF THE LYXOR MSCI EUR

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.