The investment objective of the MULTIUNITS LUXEMBOURG ? Lyxor MSCIMalaysia UCITS ETF (the ?Sub-Fund?) isto track both the upward and the downwardevolution of the MSCI Malaysia Net TotalReturn index (the ?Index?) denominated inUS Dollars and representative of theMalaysian equity market, while minimizingthe volatility of the difference between thereturn of the Sub-Fund and the return of theIndex (the ?Tracking Error?).