The investment objective of the MULTI UNITS LUXEMBOURG — Lyxor MSCI Taiwan UCITS ETF (the "Sub-Fund") is to track both the upward and the downward evolution of the MSCI Taiwan 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").