{"id":21266,"date":"2020-03-23T11:00:37","date_gmt":"2020-03-23T11:00:37","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.co.uk\/?p=21266"},"modified":"2025-05-23T17:57:38","modified_gmt":"2025-05-23T15:57:38","slug":"lyxor-etf-modification-of-the-funds-benchmark-index-methodology-lyxor-ftse-italia-mid-cap-pir-dr","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/lyxor-etf-modification-of-the-funds-benchmark-index-methodology-lyxor-ftse-italia-mid-cap-pir-dr\/","title":{"rendered":"Lyxor ETF Modification of the Fund\u2019s Benchmark Index methodology – Lyxor FTSE Italia Mid Cap PIR (DR)"},"content":{"rendered":"

Lyxor ETF : Lyxor International Asset Management, in its capacity as the delegated asset manager of the MULTI UNITS FRANCE fund and of the aforementioned sub-fund, has decided to make the following modification:…<\/p>\n

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 <\/p>\n\n\n\n\n
FUND NAME<\/strong><\/td>\nShare class<\/strong><\/td>\nISIN CODE<\/strong><\/td>\n<\/tr>\n
Lyxor FTSE Italia Mid Cap PIR (DR) UCITS ETF<\/td>\nAcc<\/td>\nFR0011758085<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

1 – Modification of the Fund\u2019s Benchmark Index methodology<\/strong><\/p>\n

Subsequent to the amendment of the Italian Law No. 232\/2016 instituting the \u201cPiano Individuale di Risparmio a lungo termine\u201d regime (the \u201cPIR\u201c law) in December 2019, the name and methodology of the Fund\u2019s Benchmark Index have been modified.<\/p>\n\n\n\n\n
Former name of the Benchmark Index<\/strong><\/td>\nNew name of the Benchmark Index<\/strong><\/td>\n<\/tr>\n
FTSE Italia PIR Mid Cap Net Tax Index<\/td>\nFTSE Italia PIR PMI Net Tax Index<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

2 – Consequences of this modification <\/strong><\/p>\n

▪ Risk profile <\/strong><\/p>\n

– The risk-return profile is modified: No<\/strong><\/p>\n

– The risk-return profile has increased: No<\/strong><\/p>\n

– Fees have increased: No<\/strong><\/p>\n

Primary market investors (i.e. who\/which subscribe for and redeem shares directly from the Management Company) may redeem their shares from the Management Company and\/or from its depositary without having to pay a redemption fee, provided that they comply with the minimum redemption requirements specified in the prospectus.<\/p>\n

Shares in the Fund that are purchased on the secondary market cannot generally be directly sold back to the Fund. As a result, investors who trade in the stock market may incur brokerage and\/or transaction fees on their transactions. These investors will also trade at a price that reflects the existence of a bid-ask spread}1 The Management Company recommends that investors contact their broker to obtain more information on any broker fees and bid-ask spreads that may apply to their transactions.<\/p>\n

– New fund name<\/strong><\/p>\n

To more accurately reflect the new benchmark index, the Management Company has decided to change the Fund\u2019s name as shown in the table below<\/p>\n\n\n\n\n
Fund\u2019s current name <\/strong><\/td>\nThe Fund\u2019s name as of 30\/03\/2020<\/strong><\/td>\n<\/tr>\n
Lyxor FTSE Italia Mid Cap PIR (DR) UCITS ETF<\/td>\nLyxor FTSE Italia PMI PIR 2020 (DR) UCITS ETF<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

Lyxor ETF : Lyxor International Asset Management, in its capacity as the delegated asset manager of the MULTI UNITS FRANCE fund and of the aforementioned sub-fund, has decided to make the following modification:…<\/p>\n","protected":false},"author":4,"featured_media":18277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[4],"tags":[235],"class_list":["post-21266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-europe","tag-lyxor-etf"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/21266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=21266"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/21266\/revisions"}],"predecessor-version":[{"id":21267,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/21266\/revisions\/21267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/18277"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=21266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=21266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=21266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}