TWND.LSE · Multi Units Luxembourg - Lyxor Msci Taiwan Ucits Etf

The Sub-Fund is an index-tracking UCITS passively managed. The Reference Currency of the Sub-Fund is the US Dollars (USD). The investment objective of (the ?Sub-Fund?) is to track both the upward and the downward evolution of the MSCI Taiwan 20/35 Net Total Return index (the ?Index?) denominated in US Dollars and representative of the Taiwanese equity market, while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Index (the ?Tracking Error?). The anticipated level of the tracking error under normal market conditions is expected to be up to 1%.