The Lyxor MSCI World Ex EMU UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index MSCI World ex EMU Net Return USD Index, offsetting the impact of monthly variations of the index local currency vs. the EUR. The EUR-hedged share class offers the simplicity of a monthly currency hedge mechanism that is embedded in the investment product, representing an efficient solution to manage the foreign-exchange risk. The Fund aims to track the performance (including dividends) of the MSCI World ex EMU Index. The Index captures the movement in the price of large- and mid-cap stocks from developed market countries, excluding those in the European Economic and Monetary Union. The stocks in the Index are weighted by market capitalisation.