The present terms and conditions were last updated on 30 September 2015.
Your use of the Amundi 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 amundi.com website;
- “affiliates” or “affiliated companies”: Amundi Immobilier, Amundi Private Equity Funds, Amundi Alternative Investments SAS and Amundi Luxembourg.
Legal information concerning AMUNDI and its affiliates
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.
With regard to people who connect to the site as “professional” users, this term refers to potential investors who are deemed to have the quality of “professional clients” within the meaning of the European Directive 2004/39/EC of 21 April 2004 ("MIF"), as transposed in United Kingdom laws and regulations.
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.
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 coun
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.
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.
Market data content
The data and information contained in this website may be provided by information providers pursuant to authorisations granted either to Amundi or to the CREDIT AGRICOLE group.
Confidentiality - Protection of personal data
Amundi will hold confidential any personal information provided through our website in accordance with all laws and regulations in force.
However, Amundi reserves the right to use personal information collected about your person, as well as technical and navigational information, such as the browser type, the Internet Protocol address, pages visited, and average time spent on this website, in view of the administration and processing of your investments and all other related activities.
Amundi may communicate this information to its agents and service providers and share it with other companies of the CREDIT AGRICOLE group in order to send you information about products and services offered. If you do not want to receive this information, please inform us by writing to us at the address below: Amundi – Web Department – 90, boulevard Pasteur – 75730 PARIS Cedex 15.
This website has been declared to the French data protection commission (Commission Nationale de l’Informatique et des Libertés – CNIL) pursuant to the provisions of the law no. 78-17 of 6 January 1978, as amended, relative to information technologies, files and freedom. The personal data collected on this site are intended to be stored by Amundi and will not be transmitted to third parties, except such as above. You have the right to access, modify, rectify and delete any data concerning your person. To do this, send a request to the site administrator by e-mail to firstname.lastname@example.org or by post to the following address: Amundi – Web Department – 90, boulevard Pasteur – 75730 PARIS Cedex 15.
Users of this site expressly agree that the Internet is not a safe medium of communication of information and that you use the Internet at your own risk. Amundi cannot be held liable for any loss or damage that could result from interception by third parties of information that is made available to you on the site. Neither Amundi nor any of its affiliates, directors, officers or employees shall be liable for loss or damage that may result from a malfunction or interruption of the services of this site, or an error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure or alteration or use of recordings, even if the circumstances causing this event may have been under the control of CREDIT AGRICOLE or any provider offering services or software support. Neither CREDIT AGRICOLE nor its affiliates nor any party shall be liable to you for any type of damage, even if CREDIT AGRICOLE or any other party has been informed of the possibility of such damages.
The information contained in this site is intended to inform you by presenting additional information to that contained in the appropriate documentation for the proposed investment.
A subscription must be based only on the appropriate documentation delivered to subscribers before subscription or available on request from all the agencies of Amundi’s partner networks or authorised distributors or on request to Amundi’s registered office.
Any deliberate misuse of an element of the Amundi website (including, without limitation, piracy, the introduction of viruses, site disturbance, excessive use or use contrary to applicable law) is expressly prohibited. Some of the information contained in the website is protected by a password that only professional investors to whom it was given by Amundi may use. Amundi reserves the right to withdraw your password and, at its discretion, to inform the legal authorities in case of deliberate misuse.
Amundi reserves the right to change or modify these terms and conditions subject to notification (including by e-mail or by posting a note on the website). Amundi may terminate your access at any time and without liability by sending you a notification by any means possible or if you have breached any of the above conditions.
Ownership of the site, copyrights and trademarks
Amundi holds copyrights on all work appearing in this site, including images, texts, iconographic representations and documents that may be downloaded from this website.
The reproduction or representation of all or part of this website, by any means whatsoever, is therefore strictly prohibited without the prior written consent of Amundi.
You may, however, download or print on paper pages and/or parts of the Amundi website, strictly for your personal use, provided that you do not delete the statements regarding copyrights or intellectual property rights.
The downloading or any other form of copying the software or the information provided on the Amundi website does not give you any rights with respect to the software or information and you may not reproduce (in whole or in part), transmit (by electronic or other means), modify or use this site for public purposes or other commercial purposes, or create links to the site, without the prior written consent of Amundi.
The name "Amundi" is a registered trademark of Amundi. You cannot reproduce, delete, reuse or modify in any way whatsoever the distinctive signs appearing on the pages of this website.
©2014 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not guaranteed to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.
Frank Hülsbömer, Christophe Audebert, CRB Architectes and Erick Saillet, I2F, ECDM Architectes, LIN Finn Geipel Giulia Andi, Infographie Carpentier, L'Autre Image, Amundi Immobilier.
In the event that one of the provisions of these terms and conditions of use is deemed unlawful, void or unenforceable, such provision shall be considered as severable from these terms and conditions of use without any effect on the validity or enforceability of the other provisions.
Your continued use of this website indicates that you have understood and accepted the terms, conditions and restrictions set out here, as well as the provisions of the terms and conditions of use of this website. You understand that (i) these terms and conditions apply whenever you access the Amundi ETF website in the future, as do the limitation of liability provisions, warnings relating to risks and other information provided; and (ii) you guarantee that no other person will use your current login and password to access the Amundi ETF website.
This website of Amundi and its content shall be governed by and construed in accordance with French law. Any dispute arising or relating thereto will be subject to the exclusive jurisdiction of the French courts.