The present terms and conditions were last updated on 30 September 2015.
Your use of the Amundi ETF website constitutes your acceptance of the terms and conditions set forth below. If you do not agree to these terms and conditions, please do not go to the site, or access any page thereof.
In the present terms and conditions, the terms stated below refer to the following:
- “site” or “website”: the amundietf.com website;
- “affiliates” or “affiliated companies”: Amundi Immobilier, Amundi Private Equity Funds, Amundi Alternative Investments SAS and Amundi Luxembourg.
- « products » or ""funds"" : mutual funds and other financial products managed and/or marketed by Amundi or an affiliated company as defined by the article L.214-1 of the Monetary and Financial Code ."
Legal information concerning AMUNDI's group
You are currently logged on to the website of Amundi ETF. Amundi ETF designates the ETF business of Amundi. Amundi, a French société anonyme (public limited company) with capital of EUR 596,262,615, having its registered office at 90, boulevard Pasteur, 75015 Paris, France, registered in the Paris Trade and Companies Register (RCS Paris) under Siren number 437 574 452. Amundi has been approved by the AMF as a portfolio management company under number GP 04000036 (www.amundi.com).
The Director of Publications is Valérie BAUDSON, CEO Amundi ETF, Indexing & Smart Beta.
The company hosting this site is PROGICA S.A.S. - 12 place des Etats-Unis, 92120 Montrouge - France.
For information purposes only
The information contained in this website is not intended for distribution or use by any person or entity in a country or jurisdiction where such distribution or use would be contrary to legal and regulatory provisions, or which would require Amundi or its affiliated companies to comply with the registration procedures of said countries. Certain products or services may not be registered or authorised in all countries or available to all clients.
The data and information in this website is provided solely for information purposes. None of the information contained in this website constitutes an offer or solicitation by Amundi and/or its affiliated companies to provide investment advice or services, or to buy or sell financial instruments.
This website is not intended for or aimed at individuals who are subject to laws or regulations prohibiting the publication or access to the information contained in this website.
In all cases, persons who are subject to restrictions prohibiting the publication of or access to the information contained in this site are not permitted to access the information contained on this website and are encouraged to leave the site.
More specifically, this site is not intended for use by residents or citizens of the United States of America or “US Persons” as defined by “Regulation S” of the Securities and Exchange Commission by virtue of the US Securities Act of 1933. The definition of “US Person” is provided below.
The term “US Person” refers to: (a) any natural person resident in the United States of America; (b) any partnership or corporation organised or registered under US regulations; (c) any estate (or “trust”) of which the executor or administrator is a US Person; (d) any trust of which one of the trustees is a “US Person”; (e) any agency or branch of a non-US entity located in the United States of America; (f) any non-discretionary account (other than an estate or trust) managed by a financial intermediary or any other representative authorised, incorporated or (in the case of a natural person) resident in the United States of America; (g) any discretionary account (other than an estate or trust) managed by a financial intermediary or any other representative authorised, incorporated or (in the case of a natural person) resident in the United States of America; and (h) any partnership or corporation, if it is (i) organised or incorporated under the laws of a country other than the United States of America and (ii) formed by a US Person principally for the purpose of investing in securities not registered under the US Securities Act of 1933, as amended, unless it is organised or registered and owned by “Accredited Investors” (as defined by “Rule 501 (a)” of the Act of 1933, as amended) other than natural persons, estates or trusts.
The financial products described on this website are not registered under United States federal securities laws or any other laws applicable in the states, territories or possessions of the United States of America. Consequently, none of the financial products may be marketed directly or indirectly in the United States (including its territories and possessions) or marketed to or for the benefit of residents or citizens of the United States of America or "U.S. Persons
This restriction also applies to residents and citizens of the United States of America and to “US Persons” who might visit or have access to this website when travelling or residing outside the United States of America.
In addition, if you come from a country with a dedicated “Amundi ETF” website, we advice you to log onto the respective country site.
You are solely responsible for the choice of your country of nationality or residence and for selecting your country site accordingly. By viewing your country site, you confirm that this choice is in compliance with all laws and regulations applicable in your country of nationality or residence that it is made under your sole responsibility.
Past performance does not necessarily guarantee future results. Investing in funds entails risk, most notably the risk of capital loss. The value of an investment is subject to market fluctuation and may decrease or increase as a consequence. As a result, fund subscribers may lose part or all of their initial investment.
An investment may increase or decrease in value based on market fluctuations and changes in the exchange rate of the currency in which the product is invested when it differs from the investor's currency. For some listed funds, currency risk may exist between the currency of the unit in which the unitholder is invested and the currency of the index components.
Investing in emerging countries entails particular considerations and risks, such as currency fluctuation, lower liquidity, less developed securities markets and political and social uncertainty.
Potential investors should acquaint themselves with the risks associated with investing in the funds by referring to the "Risk profile" section of the product's full prospectus to determine whether the investment is appropriate for them and to ensure that they understand the content of this website in its entirety.
The amount that might be reasonably invested in a fund depends on each investor's individual situation. To determine this amount, the investor should take into account their personal and family circumstances, their personal assets, their current and future needs and their preference for accepting risks or investing cautiously. Investors are also strongly advised to sufficiently diversify their investments so that they are not exposed solely to the risks of investing in a single fund. Investors should obtain information on this matter from their regular (legal, tax, financial or accounting) advisors before investing in a fund.
The Key Investor Information Document must be provided before subscription to any fund. Legal documents (prospectus and Key Investor Information Document, annual report and interim report) are provided in French on request to AMUNDI and are available online at amundi.com or the website of the French Financial Markets Authority (AMF). Amundi, its advisors, Affiliated Companies and the authors of this website assume no liability whatsoever for any direct or indirect losses resulting from the use of the information contained on this website.
Specific disclaimer on ETFs
"Amundi's ETFs (exchange-traded funds, also referred to as trackers) may be subject to restrictions on individuals or countries under national regulations applicable to such individuals or countries. Investors are responsible for determining whether they are authorised to invest in these products.
ETFs are index funds that are listed and tradeable continuously on the market and that seek to replicate the performance of their benchmark index, both upward and downward."
"Reservation thresholds are determined by applying a unit variation percentage either as indicated in the relevant Fund's prospectus or according to the Fund's indicative net asset value (iNAV), published by Euronext Paris SA and updated during trading in estimated form in accordance with changes in the indices indicated.
The Market Maker ensures that the market price of the Fund's units does not diverge by more than the unit percentage indicated by the relevant Fund's prospectus or the net asset value of the UCITS, pursuant to the reservation thresholds established by Euronext Paris SA."
In addition to the risks outlined above, investing in ETF units entails the following risks:
Risk that the ETF may not achieve its investment objective in full
"There is no guarantee that the ETF will achieve its investment objective. In practice, no financial instrument is able to replicate its benchmark index exactly, immediately and continuously:
- because reweightings in the benchmark index replicated by the ETF may give rise to transaction fees and/or friction costs;
- on account of the temporary unavailability of certain stocks included in the benchmark index, or owing to exceptional circumstances that may distort the weightings of the benchmark index, especially if the listing of the stocks included in the benchmark index is suspended or temporarily interrupted".
Risks associated with changes on the benchmark index: the fund is exposed to upward or downward movements on the benchmark index. As such, the fund is exposed to the market risks associated with changes on the benchmark index. If the benchmark index falls, so too will the net asset value of the fund.
Counterparty risk related to the chosen synthetic replication method: In order to achieve its management objective, the Fund will use financial futures (particularly total return swaps) traded over the counter with a credit institution. The Fund will be exposed to the counterparty risk resulting from the use of financial futures entered into with a credit institution. The Fund is therefore exposed to the risk that this credit institution will not be able to honour its commitments with respect to these instruments. The failure of the swap’s counterparty (or any other issuer) may cause a decline in the net asset value of the Fund. However, in accordance with the regulations in force, the counterparty risk arising from the use of financial futures will be limited at all times to 10% of the net assets of the Fund per counterparty.
Liquidity risk on a listing market:
"The Fund’s market price is likely to deviate from its indicative net asset value. The liquidity of the Fund’s units on a listing market may be affected by any suspension that could be due to, particularly but not only:
i) a suspension or termination of the calculation of the benchmark by the supplier of the index,
ii) a suspension of the market(s) of the underlyings of the benchmark,
iii) the impossibility for a considered listing market to obtain or calculate the indicative net asset value of the Fund,
iv) an infraction by a market maker of the rules applicable on a considered listing market,
v) a failure in the systems, particularly IT or electronic systems, of a considered listing market,
vi) any other event that prevents the calculation of the indicative net asset value of the Fund or the trading of units of the Fund.
The Key Investor Information Document and prospectus of the ETFs must be provided prior to any subscription. Legal documents (prospectus and Key Investor Information Document, annual report and interim report) are provided in French on request to AMUNDI and online at amundietf.com or the website of the French Financial Markets Authority (AMF).
As a result of regulations against money laundering and other regulations, identification documentation is required when you make your investment.
Absence of guarantees
The data contained in this site are presented "as is" and at the date indicated. Amundi and its affiliates provide no guarantee, either express or implied, as to the accuracy, reliability, or the full nature of the information provided in this site and expressly disclaim any guarantee as to the site’s suitability for a given purpose. Data are based on information that we consider reliable, but we do not guarantee that they are accurate, complete, valid or relevant and they should not be considered as such for any purpose whatsoever.
Links from site to site: the presence of hyperlinks on the site is intended solely to facilitate your navigation to the sites of other companies.
Amundi is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided on the site, whether these be actual, alleged, consequential or punitive. Amundi provides no guarantees and makes no representations, and will not be responsible for any content delivered electronically by a third party, including with regard to the accuracy, object, quality or timeliness of any electronic content.
Amundi prohibits anyone from putting in place such a link without obtaining its prior and express authorisation.
Information may be temporarily stored in your computer's memory or on the hard drive (“cookies”). The user authorises Amundi to resort to this practice, which is intended solely to facilitate navigation of the Amundi site from the user's computer (such information may be read by Amundi during subsequent visits by the user to the website and includes the pages that the user has consulted, date and time of consultation, etc.). The user can, however, set their browser to prevent or refuse the installation of cookies, although this may prevent them from using certain features of the site.