Multi Units Luxembourg - Lyxor China Enterprise (HSCEI) UCITS ETF

The investment objective of the MULTI UNITS LUXEMBOURG — Lyxor China Enterprise (HSCEI) UCITS ETF (the "Sub-Fund") is to track both the upward and the downward evolution of the Hang Seng China Enterprises Index Net Total Return index (the "Index") denominated in Hong Kong dollars (HKD), and representative of the major Chinese equities known as "H-shares, while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Index (the "Tracking Error").