This website is published by Lyxor Asset Management (hereafter the “Editor”)
Société par actions simplifiée with share capital of € 161,160,300 as of December 31st, 2013

Company Trade Register of Nanterre No. 418 862 215
APE No.: 652E
Registered Office: 17 cours Valmy Tours Société Générale 92800 Puteaux
VAT No : FR 604 1886 2215
Legal Representative and Publication Manager: Lionel PAQUIN, Chief Executive Officer.
This website is hosted by Société Générale, 17 cours de Valmy, 92987 Paris La Défense Cedex, 

This website is subject to French law.

Professional Regulations
Lyxor Asset Management is a French management company authorized by the Autorité des Marchés Financiers (Autorité des marchés financiers or Financial Market Authority per its translation to the English language -17 place de la Bourse 75082 Paris CEDEX 02).
Contents of this website
The Editor or any third party contributor (the “Contributors”) shall make every effort to ensure that the information displayed on this site is accurate and up to date, reserving the right to amend the content of this website at any time, without prior notice. However, they cannot guarantee that the information is complete or that it will not be modified by a third party (for example in the event that this website was infected by, particularly but not limited to, any kind of malware, in spite of all the precautions taken by the Editor). The Editor and the Contributors hereby disclaim any and all direct or indirect liability related to or caused by any delay, error or omission in the contents of this website as well as from the use, the interruption or non availability of this website. Therefore the Editor and the Contributors shall not be held liable for any indirect consequential loss or damage, including, but not limited to (i) any damage or loss arising from any transaction carried out on the basis of the information herein and; (ii) any loss of profit, loss of business, or any other loss arising from an interruption to the service; or, (iii) the increase of the fees or charges for accessing and processing the information. Further, the Editor and the Contributors shall not be held liable neither for the results of any factor beyond their control nor for any eventual loss or damage to your technical environment, including, but not limited to, hardware, software, or any other equipment used to access this website or use the services and/or the information herein. Finally, the Editor and the Contributors do not guarantee, nor shall they be held liable, under any circumstance, for the suitability, fitness for any particular purpose, sequence, accuracy, absence of errors, veracity, topicality, loyal and commercial nature, quality, soundness, non-infringement or availability of the information contained on this website.
You undertake to access and use the information contained on this website for your own personal and non-commercial use only.

Information regarding financial instruments:
The term and conditions relating to financial instruments are indicative. Any information on one or more financial instruments shall be provided as seen and for guidance only, even if it has been drawn up based on reliable sources. Its accuracy, completeness or relevance is not guaranteed. The information about financial instruments do not constitute on the part of the Editor either an offer to purchase, sell or subscribe financial products or services (including banking and insurance products), or a solicitation of an offer to buy or sell.
The Editor and the Contributors hereby disclaim any and all related to the accuracy, completeness or adequacy of the information drawn from external sources, although this information comes from sources deemed reliable. When simulated past performance or past performance are presented, the relevant data pertaining to past periods are not a reliable indicator of future results. This applies even to the evolution of historical market data. When simulations of future performance are presented, the data for these performances are only predictions and are not a reliable indicator of future performance of the product. In addition, when past performance or simulated past performance are based on data expressed in a currency other than that of the State of the investor, the potential gains can increase or decrease based on changes exchange rate. Finally, when past performance or simulated performance (whether past or future) are presented, any gains can also be reduced by the effect of commissions, fees or other charges incurred by the investor.
The Editor and the Contributors hereby disclaim all liability for any use of this information and the consequences that may arise therefrom, particularly regarding any decisions or action taken on the basis of this information. As such, you shall be solely liable for the use of the information and the results obtained. The onus shall also be on you to check all the information received via the internet.
Any guarantee relating to commercial use, any current contracts, market value or the suitability of the service or data to fulfil a specific function shall be excluded.
You acknowledge that using and interpreting the information shall require specific, in-depth knowledge of financial markets.
It shall also not constitute an offer by the Editor to purchase, sell, or subscribe or of financial services (particularly banking and insurance products), or a request of an offer to purchase or sell securities or any other investment product.
Anyone wishing to obtain any of the products or services on offer is asked to appraise upon his own judgment if he should proceed to such investment and to contact the Editor for information on availability, contractual terms and conditions and price. The Editor shall not be held responsible for any damages resulting from, or in connection with, the use of the information contained on this site. Potential investors should be aware that previous performances of financial instruments on offer (or provided through this Site) do not forebode their future performances.

Subscription of products and services:
In accordance with its legal and regulatory requirements (particularly under the Market in Financial Instruments Directive (MIFID), and depending on the type of financial instruments involved and your classification as agreed with the Editor, the Editor may be required to verify that the financial instruments are suitable or appropriate to your investment or hedging objectives, financial capacity, knowledge and experience.
Without prejudice to the legal and regulatory requirements of the Editor, investors must implement before investing in the product or entering into any transaction relating thereto, their own analysis of the product and its risks, particularly in terms of legal, tax and accounting, without relying solely on information supplied to them; investors should consult, as deemed necessary, their own advisers on the matter or any other professional. Subject to compliance with legal or regulatory requirements, the Editor will not be held liable for financial consequences or any nature whatsoever arising from any transaction relating to the product or investment in the product.
The on-line request of subscription of a service  offered by the Editor requires of the acceptance of the latter and shall not be valid without it. Such subscription implies the subscriber’s acceptance to the applicable contractual conditions and fees, and its submission to French law.

Intellectual Property:
This entire website is governed by international legislation on copyright, trademark and intellectual property in general, both as they are applicable to its form (editorial choices, layout, topics, means for accessing data, display, etc.), and to its content (text, images, etc.). The contents displayed on this website are of the exclusive property of the Editor and the Contributors, respectively. You also undertake not to use this content for illegal purposes and not to allow anyone to do so.
By way of exception, some of the content (text, images) is the property of their respective authors.
Any reproduction, representation, diffusion or re-diffusion, in whole or in part, of the contents of this website on any medium or by any means whatsoever (including, but not limited to, caching, framing), as well as any sale, resale, retransmission or any other act tending to make such contents available to any third party in any manner whatsoever shall be prohibited. Failure to comply with these restrictions shall constitute a forgery engaging the civil and criminal liability of the forger.
Photo credits: © Sharon Green/Corbis and © iStock

Hypertext links:
The Editor shall not be liable for the hypertext links towards other websites, and particularly for the contents of the linked websites, the advises and information provided by editors of these sites for the purposes of subscribing or redeeming financial instruments, or as regards subscriptions and redemptions of financial instruments through these other sites.
The Editor shall not be liable for the hypertext links towards this website; no one shall create any such a link without the Editor’s prior and express authorization.

Telephone recording:
Pursuant to recommendations of the French regulatory authority (Autorité des marchés financiers), telephone conversations with any member of the Editor may be recorded. In case of disputes arising with regard to these conversations, such telephone recording shall be admissible in evidence in any court or other legal proceeding.

We may also store "cookies" in your computer for your security and to facilitate your browsing, A cookie is a text file which is stored by your browser which is used to authenticate you during your browsing on the website.
You can, however, forbid you browser to store “persistent cookies” by configuring your browser as follows:
For Microsoft Internet Explorer 6 and 7:

1. Choose Tools / Internet Options in the menu bar.
2. Click on the Security tab and then on the ‘advanced’ button.
3. In the cookies menu, choose the option that suits you best. You can opt for automatic management of cookies (default) or place a check in the box by "Override automatic cookie handling" and then select “Refuse” in “First party cookies”, and in “Third party cookies”. Finally select “Always allow session cookies” and press “OK”.
For Firefox 2 and more:

1. Choose Tools / Options in the menu bar.
2. Select the Privacy category.
3. Then click on Cookies, select "Keep Cookies:" and choose "Until I close Firefox" and press “OK”.
For Safari:
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2. Click Always to accept and remember all cookies. Click "Only from sites you navigate to" to prevent storing cookies that come from websites other than those you open. Select this option to prevent advertisers on websites you visit from storing cookies on your computer. To see the cookies you have accepted, click Show Cookies. You can then remove cookies.
For Netscape 7.02:

1. Choose Edit / Preferences in the menu bar.
2. Select Confidentiality and Security.
3. Select Cookies and then click on “Accept cookies from the originating website only” and on “Accept for current session only”.
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This website is protected by one of the highest levels of technical security, and it is under permanent monitoring. The algorithms and mechanisms, used to protect your communications with the Editor and the information that pertains you, comply with the French regulations in effect.