24GENNAIO &numeri indici

reddito fisso

analisi titoli rncl’hit parade

Australia 3,02 2,65 2,57 4,12 3,34Gr. Bretagna 0,40 0,39 1,48 2,84 3,03Canada 0,63 0,89 1,42 2,50 2,50Danimarca 0,13 0,28 0,61 1,84 0,61Svezia 0,04 0,70 0,78 2,35 0,78Giappone 0,05 0,11 0,25 0,69 0,26Svizzera -0,74 0,02 -0,28 0,92 -0,28Usa 0,03 4,76 1,85 2,82 3,03Area euro 0,06 0,30 0,47 1,74 0,47

RENDIMENTI EFFETTIVI LORDIpaesi mercatomonet. obbl.governative obblig.

a3 mesi a10 anni corporateultimo 1anno fa ultimo 1anno fa

B CarigeRsp 1,174 7,41 n,s.B D-Brianza Rsp 2,130 1,69 -4,48B Sardegna Rsp 10,110 2,97 —Borgosesia Rsp 0,810 — 3,98Buzzi Unicem Rsp 6,340 0,79 -38,74DanieliRsp 13,950 2,30 -33,25Edison Rsp 0,850 5,88 —Intek GroupRsp 0,584 — n,s.IntesaSanp Rsp 2,250 2,22 -13,73ItalmobilRsp 15,340 1,66 -21,41Pirelli & C Rsp 11,400 3,42 -9,16SaesGetters Rsp 5,290 3,16 -16,69Salini Impre Rsp 9,795 2,65 n,s.Seat PGia Rsp 115,100 — n,s.Stefanel Rsp 146,000 — n,s.TelItalia M Rsp 0,650 — -36,27TelecomIta Rsp 0,780 3,59 -19,88UnicreditRsp 7,840 1,28 36,47Unipolsai Rsp A 207,000 9,49 n,s.Unipolsai Rsp B 2,342 9,61 -0,68Zucchi Rsp 0,163 — n,s.

indici& numeriImigliori1 India(BSE SENSEX) 14,392 Egitto(EGX30 IDX) 13,543 Turchia(Ise National-100) 13,164 Pakistan (KARACHI100) 12,895 Thailandia(ThailandSet) 11,62

Ipeggiori1 Cipro(CyprusMain IDX) -7,502 Perù(LIMAGENERAL) -4,633 Grecia(AthensGeneral) -4,164 Colombia(GBC) -2,825 Romania(BETI) -0,75

FONDI ITALIANIindice performance

a1 mese a1 anno a3 anni

fonte:elaborazioneUfficioStudideIlSole-24Ore

Imigliori1 Svizzera 25,252 Argentina 7,583 Giappone 7,194 Usa 6,425 GranBretagna 5,37

Ipeggiori1 Venezuela -22,532 Irlanda -0,083 Spagna 0,404 Portogallo 0,515 Finlandia 0,62

AZIONARIOrendimenti in euro dal30/12/14 al22/01/15

paese rend paese rend

Generale 1,53 4,93 16,35Azionari 4,94 11,12 11,12Bilanciati 2,87 8,20 25,34Obbligazionari 1,16 4,64 15,71Monetari 0,05 0,14 2,90Flessibili 1,05 3,35 16,42

fonte:Thomson ReutersDatastream

fonte:Thomson ReutersDatastream

Fonte:elaborazioneUfficioStudideIlSole-24Ore

fonte:elaborazioneUfficioStudidelSole-24Ore

OBBLIGAZIONARIOrendimenti in euro dal30/12/14 al22/01/15

paese rend paese rend

titolo prezzo div/p% sconto%

Plus24 - Il Sole 24 Ore SABATO 24 GENNAIO 20151 N. 647

previsione sulle economie

Argentina 23,9 12-14 23,9 25,7 -0,6 +39,1 +2,6 0,3 — —Australia 2,3 09-14 2,8 2,5 +2,8 +6,8 +0,3 1,8 2,9 3,5Austria 1,7 11-14 2,1 1,7 +1,4 +138,5 +1,3 0,7 0,1 1,1Belgio -0,4 12-14 2,1 0,9 +1,3 +13,3 +2,0 1,7 0,1 1,1Brasile 6,2 12-14 5,4 6,3 +0,6 +17,7 — 0,8 — —Canada 2,0 11-14 1,8 1,7 +2,5 +4,7 +1,1 1,3 1,3 2,9Cile 4,6 12-14 4,2 2,8 +2,7 +4,1 +16,8 — 2,7 —Cina 1,5 12-14 2,9 2,1 +7,0 +16,7 +0,8 0,7 — —Corea 0,8 12-14 2,7 1,8 +3,5 +27,4 — 0,7 2,2 3,0Danimarca 0,3 12-14 1,9 1,3 +1,5 +12,9 +10,7 1,0 0,3 1,0Filippine 2,7 12-14 4,6 3,6 +6,1 +18,6 +1,4 1,2 — —Finlandia 1,0 11-14 1,9 1,4 +0,9 +16,7 +0,7 1,1 0,1 1,0Francia 0,1 12-14 1,5 0,6 +0,8 +12,6 +2,0 1,3 0,1 1,5Germania 0,2 12-14 1,6 1,2 +1,3 +12,5 +2,4 1,4 0,1 1,2Giappone 2,4 11-14 0,2 1,4 +1,2 +12,5 +98,6 1,3 0,2 0,6HongK. 5,2 10-14 2,9 3,4 +2,7 +3,8 +1,0 1,5 0,9 —India 4,1 11-14 8,6 6,1 +6,3 +21,7 +20,2 0,9 7,9 —Indonesia 8,4 12-14 7,1 6,5 +5,4 +17,7 +184,8 1,1 7,5 —Irlanda -0,3 12-14 1,5 0,9 +3,0 — +0,1 0,7 0,1 1,8Italia — 12-14 1,9 0,4 +0,4 +30,8 +0,3 0,8 0,1 2,5Malaysia 2,8 10-14 2,6 4,0 +5,0 +9,4 +0,3 1,7 3,8 —Messico 4,1 12-14 4,2 3,6 +3,4 — +1,9 1,5 3,1 6,3N.Zelanda 0,8 12-14 2,5 1,7 +3,0 +10,0 +0,1 1,7 4,2 4,8Norvegia 2,1 12-14 1,9 2,2 +1,7 +6,2 +4,8 1,5 1,6 2,5Olanda 0,7 12-14 1,8 1,2 +1,3 +10,6 +1,4 1,0 0,1 1,3Russia 11,4 12-14 9,2 7,6 -0,9 -0,3 +0,2 0,4 — —Singapore -0,3 11-14 2,9 1,3 +3,2 +11,7 +0,2 1,7 0,8 —Spagna -1,0 12-14 2,2 0,4 +1,9 +20,9 +0,5 1,0 0,1 2,1Sudafrica 6,1 11-14 6,1 5,4 +2,5 +13,9 +4,9 0,8 — —Svezia -0,3 12-14 1,2 0,7 +2,5 +13,9 +6,7 1,3 0,3 1,8Svizzera -0,3 12-14 0,5 0,1 +1,8 +11,2 +2,7 2,0 0,1 0,7Taiwan 0,6 01-15 1,4 1,4 +3,6 +9,6 +3,8 0,9 1,1 —Thailandia 0,6 12-14 3,0 2,0 +3,9 +16,7 +1,6 1,2 2,4 —UK 1,6 12-14 3,2 2,3 +2,6 +6,1 +26,6 1,4 1,1 2,7Usa 0,8 12-14 2,3 1,3 +3,0 +9,4 +2,6 1,4 0,8 3,1

1 Inflazione attesaa6mesi.2Crescita Pilattesoa6mesi.3Crescitautili a 12mesi.4Epsattesoa12mesi.5Tale indicatore èdatodal rapportotraprezzo/utiliattesi a12 mesie il relativotasso di crescita;consente divalutare quantopiùconvenienteè unPaeserispetto adunaltro.6Previsionia12 mesi.

fonte:Thomson ReutersDatastream- Ibes (datialmercoledì).

paese ultima data di mediainf. consensodeglianalistiinflaz. riferim. ultimi inflaz. crescita crescita eps peg tassia tassiaannua 10 anni in% (1) pil in % (2) utili% (3) atteso(4) ratio(5) breve (6) lungo(6)

SABATO 24 GENNAIO 2015 Plus24 - Il Sole 24 OreN. 647 2

le classifiche dello stoxx600

1P/E PIÙ ALTIVengono evidenziati i titoli che hanno unprezzo di mercato particolarmente elevatoin rapporto agli Utili per Azione attesi.

rk sett. titolo last pr.valore


Le società presenti nelle tabelle sono state raggruppate nei seguenti macro Settori:Bpn: Beni prima necessità; Bvo: Beni voluttuari; Ene: Energia; Fin: Finanza; Ind: Industriali; Inf: Informatica; Mat: Materiali;Pbu: Pubblica utilità; Sal: Salute; Tel: Telecomunicazione. I dati Last price sono relativi alle ore 18:00.

fonte: Thomson Reuters per i dati Last Price, tutti gli altri valori sono forniti da su dati di consenso.

1PbuMetro(D) 26,77 925,33 2TelAlticeSA(Lu) 64,45 684,21 3FinIntesaSanpaolo(I) 2,46 424,01 4PbuEurotunnel(F) 11,47 376,67 5BvoMediaset(I) 3,39 372,80 6FinB.P. E.Romagna(I) 4,98 339,81 7FinCapital&Counti(Gb) 372,40 332,22 8IndVestasWind(Dk) 226,90 245,62 9InfNokia(Fl) 6,46 151,67 10IndOsram Licht(D) 37,34 148,87 11SalMorphoSys AG(D) 74,50 136,63 12BvoSchibsted(Nok) 482,80 119,56 13BvoMediasetEs Co(E) 10,41 97,27 14TelTelefonicaD. Hld(D) 4,66 86,37 15FinGt PortlandE(Gb) 743,50 74,96 16FinSydbank A/S(Dk) 183,20 73,54 17IndAndritz(A) 46,20 73,52 18FinShaftesbury(Gb) 791,00 72,20 19FinB.P. Milano(I) 0,58 70,30 20FinDerwentLondon(Gb) 3143,00 64,45 21EneLundinPetrole(S) 104,60 63,18 22SalBtg(Gb) 811,50 62,19 23MatNorsk Hydro(Nok) 40,57 60,34 24InfArmHoldings(Gb) 995,50 55,79 25IndOci(Nl) 28,09 54,69 26BpnLindt&Spruengli(Ch) 57250 52,49 27InfASMInt.(Nl) 34,91 52,27 28TelWirecard(D) 37,73 52,18 29IndRheinmetall(D) 36,01 51,95 30TelTalktalk(Gb) 311,50 51,85 31FinCaixabank(E) 4,13 47,78 32TelJazztel(Gb) 12,61 46,70 33PbuVeoliaEnviron(F) 15,44 44,34 34MatFresnillo(Gb) 855,00 43,73 35TelIliad(F) 197,00 43,21 36SalNovorzymes(Dk) 267,80 43,09 37SalMeda(S) 117,30 42,15 38IndGamesa(E) 7,43 42,03 39SalEurofins Scient.Soc. Eur.(F) 221,00 41,45 40SalColoplastB(Dk) 525,50 41,38 41FinDeutscheBank(D) 24,75 40,68 42FinBco DeSabadel(E) 2,28 40,19 43IndVolvo B(S) 90,60 39,54 44SalHikma(Gb) 2250,00 39,49 45FinUBI Banca(I) 5,50 39,39 46InfAsml Holding(Nl) 87,93 39,23 47BpnRemy Cointreau(F) 59,61 37,98 48BpnLuxottica(I) 48,26 37,68 49BpnHermes Intern. SCA(F) 285,80 37,53 50EneTullow Oil(Gb) 354,90 36,96 51TelTelenetGrp Hldg(B) 46,84 36,93 52InfInfineon Tech.(D) 9,08 36,92 53IndSymriseAg(D) 52,87 36,82 54SalRhoenKlinikum(D) 22,82 36,70

55IndChsHansen(Dk) 274,20 36,33 56TelTele2 B(S) 95,30 36,00 57SalUcb(B) 67,54 35,99 58BvoTui(D) 14,68 35,63 59MatCRH(Irl) 19,60 35,63 60TelUnitedInternet(D) 38,72 35,12 61FinDeutscheWohnen(D) 20,73 35,09 62TelCable&Wir(Gb) 49,12 35,02 63PbuTnt Express(Nl) 5,53 34,93 64SalEssilorInternat(F) 96,97 34,86 65BvoCarnival(Gb) 3007,00 34,34 66PbuMichaelPage(Gb) 460,10 34,19 67PbuInditex(E) 24,43 34,07 68FinLandSecs(Gb) 1226,00 33,85 69SalShire(Gb) 4663,00 33,80 70FinHargreaves Ls(Gb) 939,50 33,75 71PbuRightmove(Gb) 2162,00 33,58 72InfCSRplc(Gb) 858,00 33,34 73TelKpnKon(Nl) 2,48 33,17 74IndBarratt Develop(Gb) 425,00 33,12 75BpnAssoc.Br.Foods(Gb) 3147,00 32,91 76MatRandgoldRes.(Gb) 5265,00 32,89 77InfIngenico(F) 89,00 32,79 78FinGagfah(Lu) 18,66 32,79 79PbuIag(E) 489,60 32,74 80PbuAer.de Paris(F) 105,85 32,55 81BpnBeiersdorf(D) 73,95 32,44 82BpnGivaudan(Ch) 1702,00 32,42 83PbuHays(Gb) 147,90 32,20 84IndHusqvarna(S) 55,20 32,12 85IndGeberit N1(Ch) 318,80 32,04 86PbuICAGruppen AB(S) 319,30 31,48 87FinHammerson(Gb) 641,00 31,36 88InfDialog Semic. plc(Gb) 31,68 31,01 89SalNovo Nordisk(Dk) 284,60 30,99 90BpnBooker(Gb) 155,70 30,79 91PbuJCDecaux(F) 29,43 30,59 92PbuH & M B(S) 330,30 30,45 93BvoIntercontHote(Gb) 2601,00 30,40 94IndRenault(F) 61,67 30,23 95FinBrLand Co(Gb) 795,50 30,22 96FinCommerzbank(D) 10,70 30,12 97BvoAccor(F) 38,20 30,04 98PbuFlughafenZuerich(Ch) 664,50 29,93 99BvoWhitbread(Gb) 4773,00 29,88 100PbuKuehne&Nagel(Ch) 123,80 29,59 101FinDtAnnington Immob(D) 28,23 29,56 102TelDassaultSystem(F) 50,91 29,56 103IndEMS-ChemieHld(Ch) 388,00 29,51 104FinPSPSwiss(Ch) 85,90 29,33 105BpnL Oreal(F) 146,10 29,20 106IndKoneCorp(Fl) 37,86 29,16 107PbuEdenred(F) 22,95 29,03 108IndSchindler-Hld(Ch) 132,80 28,94 109MatLafarge(F) 59,65 28,93 110BpnAbInbev(B) 99,00 28,90 111SalSonovaHld(Ch) 125,00 28,89 112InfGn Store Nord(Dk) 136,50 28,76 113PbuBolloreSA(F) 3,78 28,65



2P/E PIÙ BASSIVengono evidenziati i titoli che hanno unprezzo di mercato particolarmente basso inrapporto agli Utili per Azione attesi.





1FinNatl. Bank Gr(Gr) 1,43 3,66 2FinStorebrand(Nok) 28,02 4,27 3IndInvestorB(S) 276,60 4,46 4IndSeadrill(Gb) 75,15 4,58 5PbuSercoGroup plc(Gb) 159,90 4,61 6IndBBBiotech(Ch) 245,00 4,82 7IndIndustriv.(S) 141,60 4,82 8FinRaiff Bank Int(A) 10,50 5,78 9PbuRwe(D) 22,51 6,19 10IndPetrofac Limited(Gb) 613,00 6,23 11EnePremier Oil(Gb) 137,60 6,48 12EneOmvAg(A) 21,70 6,65 13FinEurazeo(F) 57,00 6,99 14PbuPostNLNV(Nl) 3,06 7,44 15PbuTesco(Gb) 219,25 7,76 16FinStandrd Chart(Gb) 897,10 8,48 17PbuCEZas 583,20 8,52 18IndBilfinger Berger(D) 48,97 8,70 19EneStatoil(Nok) 130,70 8,76 20FinSwissRe(Ch) 80,50 8,81 21FinScorSe(F) 25,08 8,83 22PbuSainsbury(J)(Gb) 255,30 8,90 23FinAmlin(Gb) 482,10 8,99 24IndPorscheAut. H. SE Pref(D) 68,22 9,02 25EneHunting(Gb) 443,50 9,04 26PbuMorrisonSupmk(Gb) 188,10 9,20 27FinMuenchenerRuck.(D) 168,25 9,37 28FinDnb(Nok) 104,00 9,38 29EneTotal(F) 41,95 9,40 30IndNeopost(F) 44,26 9,42 31MatRioTinto(Gb) 2842,50 9,51 32Fin3IGroup(Gb) 434,70 9,60 33MatAngloAmerican(Gb) 1059,50 9,69 34IndVallourec(F) 19,53 9,81 35FinAshmore(Gb) 253,00 10,10 36IndAmec FosterWh. plc(Gb) 800,50 10,15 37IndCNHIndustrial(Nl) 6,47 10,17 38FinLancashire Hol. Ltd(Gb) 560,00 10,19 39BvoLadbrokes(Gb) 110,40 10,25 40SalStada Arznei(D) 26,51 10,27 41IndTgsNopec Geo(Nok) 170,70 10,35 42IndJohn Wood Gr. PLC(Gb) 534,50 10,36 43FinCNP Ass.(F) 14,63 10,38 44IndVolkswagen Pref.(D) 186,50 10,41 45FinHannoverRueck(D) 76,62 10,42 46IndSubsea7(Lu) 69,40 10,43 47FinFondiaria-Sai(I) 2,19 10,46 48FinSwissLife Hld(Ch) 219,10 10,48 49IndArkema(F) 57,94 10,57 50FinAxa(F) 19,49 10,58 51IndTechnip(F) 47,41 10,62 52PbuEdf(F) 21,55 10,68 53IndCarillion(Gb) 330,80 10,73 54EneBp(Gb) 392,60 10,79

55PbuAAPublic Ltd Comp.(Gb) 352,00 10,87 56FinAllianz(D) 140,65 10,88 57IndRexamPLC(Gb) 442,80 10,91 58BpnC&C Group(Irl) 3,40 10,98 59PbuCentrica(Gb) 265,20 10,99 60PbuDrax(Gb) 359,40 11,03 61FinCreditAgricole(F) 10,53 11,05 62EneRepsolYpf(E) 14,87 11,13 63TelTdc(Dk) 49,63 11,16 64IndBalfourB.(Gb) 207,40 11,17 65FinImmofinanz(A) 2,09 11,19 66FinHiscox Ltd(Gb) 736,00 11,26 67PbuEOn(D) 12,88 11,30 68FinMapfre(E) 2,83 11,34 69EneNeste Oil(Fl) 21,55 11,52 70IndK + S(D) 24,32 11,53 71PbuEnel(I) 3,62 11,53 72MatBhpBilliton(Gb) 1348,00 11,55 73IndDaimler(D) 72,93 11,71 74IndBmw(D) 91,07 11,72 75FinOldMutual(Gb) 191,40 11,76 76TelTeliasonera(S) 51,60 11,77 77MatVoestalpine(A) 29,46 11,79 78FinSociete Generale(F) 33,98 11,80 79FinBarclays(Gb) 227,95 11,81 80IndAckermans V.Haar(B) 103,00 11,83 81FinJyskeBank(Dk) 301,70 11,93 82FinBnpParibas(F) 46,09 11,96 83IndMichelin(F) 76,84 11,99 84FinAgeas(B) 29,04 12,02 85EneEni(I) 14,00 12,06 86FinCatlinG(Gb) 696,00 12,17 87TelTelecomItalia(I) 0,89 12,20 88BvoMtg B(S) 229,40 12,27 89TelTelefonica(E) 11,79 12,36 90EneBg Group(Gb) 820,40 12,44 91IndSandvik(S) 72,55 12,51 92EneRoyalDtch Shl(Gb) 27,02 12,55 93IndWeir Group(Gb) 1656,00 12,62 94FinSwedbank(S) 183,10 12,65 95IndSmiths Group(Gb) 1081,00 12,67 96PbuMitie Grp.(Gb) 273,20 12,70 97PbuEdp(P) 3,38 12,70 98FinNordea(S) 89,05 12,72 99InfQinetiq(Gb) 182,10 12,74 100BpnTate & Lyle PLC(Gb) 652,00 12,75 101IndTenaris(Lu) 11,70 12,84 102BpnCarlsberg B(Dk) 480,40 12,89 103FinHsbcHoldings(Gb) 596,90 12,96 104FinPhoenix GroupHoldings 805,00 12,96 105InfBaeSy.(Gb) 479,60 13,00 106FinNN GroupN.V.(Nl) 23,46 13,08 107FinInt.Personal Fin. plc(Gb) 424,10 13,11 108PbuGdfSuez(F) 18,26 13,12 109IndNcc(S) 254,70 13,19 110PbuSse Plc(Gb) 1480,00 13,31 111FinIngGroep(Nl) 10,71 13,37 112BvoUbm(Gb) 498,30 13,41 113FinCs GroupAg(Ch) 20,66 13,43



3P/RICAVI PIÙ BASSIVengono evidenziati i titoli che hanno unprezzo di mercato particolarmente basso inrapporto ai Ricavi per azione attesi.





1FinExor(I) 34,45 0,06 2IndPeugeot(F) 11,06 0,14 3IndFCA-FiatChrysler(Nl) 11,81 0,16 4BvoTui(D) 14,68 0,17 5PbuHome Retail Gr. plc(Gb) 199,10 0,22 6IndBalfourB.(Gb) 207,40 0,23 7IndDCCPlc(Irl) 3408,00 0,23 8PbuKeskoB(Fl) 32,29 0,27 9PbuDelhaize Group(B) 67,23 0,28 10EneNeste Oil(Fl) 21,55 0,28 11PbuD.Lufthansa(D) 14,68 0,29 12PbuAirFrance-KLM SA(F) 7,68 0,30 13PbuCasinoGuichard(F) 78,62 0,31 14BvoThomasCook Gr. plc(Gb) 129,60 0,31 15PbuEOn(D) 12,88 0,32 16IndAcsCons Y Ser(E) 29,97 0,32 17PbuCarrefour(F) 26,34 0,33 18FinFondiaria-Sai(I) 2,19 0,33 19PbuMetro(D) 26,77 0,36 20EneOmvAg(A) 21,70 0,37 21IndThyssenkrupp(D) 20,15 0,38 22IndRenault(F) 61,67 0,38 23IndVolkswagen Pref.(D) 186,50 0,39 24PbuSainsbury(J)(Gb) 255,30 0,39 25IndBouygues(F) 30,86 0,40 26IndCarillion(Gb) 330,80 0,40 27PbuAholdKon(Nl) 15,54 0,40 28IndSkanskaB(S) 175,60 0,40 29IndRheinmetall(D) 36,01 0,41 30InfFinmecc.(I) 8,17 0,41 31PbuFirstgroup(Gb) 105,60 0,42 32PbuInchcape(Gb) 700,00 0,42 33IndBilfinger Berger(D) 48,97 0,43 34MatUmicore(B) 32,33 0,44 35PbuDKSHHolding AG(Ch) 67,45 0,44 36BvoLagardereS.C.A.(F) 22,93 0,44 37IndDaimler(D) 72,93 0,45 38EneBp(Gb) 392,60 0,47 39PbuTnt Express(Nl) 5,53 0,48 40PbuDistribuidora Inte Alim(E) 5,50 0,50 41PbuMorrisonSupmk(Gb) 188,10 0,50 42IndNcc(S) 254,70 0,50 43FinStandardLife(Gb) 387,40 0,51 44IndLeoniAg(D) 51,98 0,52 45PbuRwe(D) 22,51 0,52 46PbuHays(Gb) 147,90 0,52 47MatGlencore(Gb) 240,60 0,52 48PbuTesco(Gb) 219,25 0,53 49PbuSecuritasB(S) 93,05 0,53 50IndAlstom(F) 26,89 0,55 51PbuRandstad(Nl) 41,45 0,55 52InfThales(F) 48,06 0,56 53IndValeo(F) 114,25 0,56 54IndElectroluxB(S) 218,30 0,56

55IndBmw(D) 91,07 0,57 56FinMapfre(E) 2,83 0,57 57EneRepsolYpf(E) 14,87 0,57 58BpnBooker(Gb) 155,70 0,57 59FinRsa Insrance G(Gb) 443,00 0,57 60FinCNP Ass.(F) 14,63 0,58 61BpnRexel(F) 15,13 0,58 62MatArcelormittal(Lu) 8,12 0,58 63EneRoyalDtch Shl(Gb) 27,02 0,59 64PbuIag(E) 489,60 0,60 65PbuDixons Carphone(Gb) 434,40 0,60 66PbuKuehne&Nagel(Ch) 123,80 0,61 67PbuDeutschePost(D) 27,33 0,61 68PbuMitie Grp.(Gb) 273,20 0,61 69PbuPostNLNV(Nl) 3,06 0,61 70EneGalp Energia(P) 8,43 0,61 71PbuAdecco(Ch) 62,55 0,62 72InfAlcatel-Lucent(F) 2,84 0,62 73TelAtos(F) 64,75 0,63 74FinScorSe(F) 25,08 0,63 75PbuSercoGroup plc(Gb) 159,90 0,63 76FinVienna Insuran(A) 37,02 0,64 77IndCNHIndustrial(Nl) 6,47 0,64 78PbuICAGruppen AB(S) 319,30 0,64 79FinMuenchenerRuck.(D) 168,25 0,65 80MatOutokumpuOyj(Fl) 4,31 0,65 81EneTotal(F) 41,95 0,65 82FinAxa(F) 19,49 0,65 83PbuSodexo(F) 82,35 0,65 84FinGenerali(I) 17,08 0,65 85PbuVeoliaEnviron(F) 15,44 0,66 86PbuRoyalMail(Gb) 432,00 0,66 87FinAllianz(D) 140,65 0,67 88IndPrysmian(I) 14,64 0,67 89PbuSse Plc(Gb) 1480,00 0,68 90EneEni(I) 14,00 0,68 91InfAirbus Group(Nl) 46,27 0,68 92IndAndritz(A) 46,20 0,70 93IndLanxess(D) 34,56 0,70 94IndVestasWind(Dk) 226,90 0,70 95IndWS Atkinsplc(Gb) 1302,00 0,70 96IndMichelin(F) 76,84 0,71 97IndSaint-Gobain(F) 33,38 0,71 98TelCap Gemini(F) 60,89 0,71 99PbuColruyt(B) 40,37 0,72 100FinHannoverRueck(D) 76,62 0,72 101PbuRubis(F) 49,97 0,72 102IndJohn Wood Gr. PLC(Gb) 534,50 0,72 103BpnWolseley(Gb) 3695,00 0,72 104IndFlsmidth& Co(Dk) 268,60 0,75 105PbuG4S(Gb) 276,80 0,75 106IndNutreco(Nl) 44,34 0,75 107IndGeorgFischer(Ch) 602,50 0,77 108IndTechnip(F) 47,41 0,77 109IndOsramLicht(D) 37,34 0,78 110IndStoraEnso R(Fl) 7,63 0,78 111IndAmec FosterWh. plc(Gb) 800,50 0,78 112IndVolvo B(S) 90,60 0,78 113MatVoestalpine(A) 29,46 0,79



4FORZA RELATIVA PIÙ ALTATitoli che hanno ottenuto una miglioreperformance nei 12 mesi precedenti,rispetto all’indice STOXX600.





1FinMan(Gb) 158,20 100,90 2InfDialog Semicond.plc(Gb) 31,68 89,56 3SalHikma(Gb) 2250,00 87,38 4IndBBBiotech(Ch) 245,00 77,07 5FinGagfah(Lu) 18,66 63,33 6SalShire(Gb) 4663,00 61,04 7PbuDixons Carphone(Gb) 434,40 57,21 8FinProvidentFincl(Gb) 2470,00 51,39 9FinB.P. Milano(I) 0,58 51,25 10FinDtAnnington Immob(D) 28,23 47,79 11TelOrange(F) 14,60 47,54 12EneNeste Oil(Fl) 21,55 45,77 13PbuBpost(B) 22,48 45,17 14IndSymriseAg(D) 52,87 45,11 15BpnGivaudan(Ch) 1702,00 43,06 16TelMicroFocus Int. plc(Gb) 1039,00 41,07 17FinLondonStock Ex.(Gb) 2255,00 40,51 18PbuUnitedUtil Gr(Gb) 951,00 40,38 19FinLEGImmobilien(D) 62,75 39,40 20PbuRyanair Hldgs(Irl) 9,82 39,03 21FinDeutscheWohnen(D) 20,73 38,87 22TelJazztel(Gb) 12,61 38,28 23PbuDelhaize Group(B) 67,23 37,10 24FinTopdanmarkA/S(Dk) 205,00 36,65 25InfAsml Holding(Nl) 87,93 36,39 26TelBelgacom(B) 30,70 36,08 27PbuFlughafenZuerich(Ch) 664,50 36,02 28SalSmith&Nephew(Gb) 1168,00 35,84 29IndHEXPOLAB Class B(S) 772,00 35,73 30PbuICAGruppen AB(S) 319,30 35,43 31MatRandgoldRes.(Gb) 5265,00 35,20 32IndFCA-FiatChrysler(Nl) 11,81 34,57 33PbuEndesaSA(E) 16,50 34,39 34FinAshteadGroup(Gb) 1030,00 34,04 35PbuPennon(Gb) 893,50 33,62 36SalBtg(Gb) 811,50 33,50 37FinTryg(Dk) 703,00 33,38 38FinPSPSwiss(Ch) 85,90 32,53 39SalNovartis(Ch) 90,00 32,48 40BpnImperial Tobac(Gb) 2850,00 32,43 41IndPandora A/S(Dk) 461,50 32,14 42IndYara Internation(Nok) 387,50 31,92 43SalMeda(S) 117,30 31,86 44PbuRedElectr Cor(E) 72,68 31,42 45IndMarineHarvest(Nok) 104,80 31,36 46BpnBunzl(Gb) 1825,00 31,13 47BvoIntercontHote(Gb) 2601,00 30,98 48InfASMInt.(Nl) 34,91 30,49 49IndValeo(F) 114,25 29,60 50FinCatlinG(Gb) 696,00 29,35 51PbuEurotunnel(F) 11,47 29,20 52BpnLindt&Spruengli(Ch) 57250 29,07 53PbuSevernTrent(Gb) 2104,00 28,87 54PbuTeleperformance(F) 60,60 28,65

55IndGeberit N1(Ch) 318,80 28,53 56FinInvestec(Gb) 546,50 28,13 57SalColoplastB(Dk) 525,50 28,07 58FinHammerson(Gb) 641,00 27,94 59SalOrionB(Fl) 27,33 27,91 60SalActelionHldg(Ch) 105,90 27,54 61SalNovo Nordisk(Dk) 284,60 27,34 62FinFonciere Regions(F) 79,55 27,15 63FinShaftesbury(Gb) 791,00 26,97 64IndChsHansen(Dk) 274,20 26,85 65IndDCC Plc(Irl) 3408,00 26,23 66FinSwissRe(Ch) 80,50 25,88 67InfFinmecc.(I) 8,17 25,80 68IndBillerudKorsnas AB(S) 117,00 25,57 69FinIntuprop(Gb) 343,40 25,56 70IndPeugeot(F) 11,06 25,55 71BvoWhitbread(Gb) 4773,00 25,54 72BpnAbInbev(B) 99,00 25,33 73FinSwissPrime Site AG(Ch) 74,30 24,76 74PbuHowden Join(Gb) 408,90 24,15 75IndEnagas(E) 26,07 23,65 76FinZurichFin(Ch) 295,00 23,51 77InfIngenico(F) 89,00 23,28 78BpnHeineken(Nl) 61,17 23,16 79FinDerwentLondon(Gb) 3143,00 23,04 80SalUcb(B) 67,54 22,98 81SalOrpeaSA(F) 51,74 22,83 82TelSwisscom(Ch) 529,50 22,69 83InfCSRplc(Gb) 858,00 22,63 84PbuVeoliaEnviron(F) 15,44 22,59 85FinSwissLife Hld(Ch) 219,10 22,57 86FinIntesaSanpaolo(I) 2,46 22,55 87FinBrLand Co(Gb) 795,50 22,47 88SalMerck Kgaa(D) 84,76 22,28 89BvoEutelsat Comm.(F) 29,23 21,87 90IndSoc.BIC(F) 112,45 21,84 91BvoReed Elsevier(Gb) 1102,00 21,81 92FinGt PortlandE(Gb) 743,50 21,68 93FinLandSecs(Gb) 1226,00 21,61 94MatNorsk Hydro(Nok) 40,57 21,30 95BvoReed Elsevier(Nl) 20,09 21,25 96SalLonza(Ch) 100,40 20,90 97FinDanskeBank(Dk) 161,00 20,45 98MatFresnillo(Gb) 855,00 20,42 99BvoCarnival(Gb) 3007,00 20,41 100BvoSes(Lu) 31,39 20,37 101PbuAer.de Paris(F) 105,85 20,36 102SalAstrazeneca(Gb) 4729,00 20,11 103FinSegro(Gb) 393,00 20,10 104PbuBerendsen plc(Gb) 1091,00 19,82 105IndPersimmon(Gb) 1456,00 19,72 106IndKabaHld(Ch) 463,75 19,65 107IndEMS-ChemieHld(Ch) 388,00 19,57 108PbuIag(E) 489,60 19,42 109PbuDKSHHolding AG(Ch) 67,45 19,08 110FinPrudential(Gb) 1515,50 19,08 111IndNutreco(Nl) 44,34 19,02 112FinBaloiseHld(Ch) 121,40 18,71 113FinUnibail Rodamco(F) 230,30 18,62



5CAGR 2012/2014 PIÙ ALTOTitoli che potrebbero avere un maggioreincremento degli Utili nel periodo indicato inaccordo alle attese degli analisti.



1FinGenerali(I) 17,08 3,81 2InfASMInt.(Nl) 34,91 3,27 3IndMarineHarvest(Nok) 104,80 2,67 4FinCommerzbank(D) 10,70 2,36 5PbuOcadoGroup PLC(Gb) 401,30 2,22 6FinSwissLife Hld(Ch) 219,10 1,94 7InfLogitechIntern. S.A.(Ch) 12,45 1,90 8PbuICAGruppen AB(S) 319,30 1,49 9MatNorsk Hydro(Nok) 40,57 1,34 10IndBarratt Develop(Gb) 425,00 0,97 11TelTelenetGrp Hldg(B) 46,84 0,95 12PbuTnt Express(Nl) 5,53 0,93 13Fin3IGroup(Gb) 434,70 0,73 14FinBco DeSabadel(E) 2,28 0,72 15FinLloydsBnk Grp(Gb) 74,18 0,72 16IndPandora A/S(Dk) 461,50 0,64 17FinCaixabank(E) 4,13 0,61 18InfDialog Semicond.plc(Gb) 31,68 0,61 19SalHikma(Gb) 2250,00 0,57 20IndBillerudKorsnas AB(S) 117,00 0,56 21FinDanskeBank(Dk) 161,00 0,55 22IndBellway(Gb) 1735,00 0,55 23IndTaylorWimpey(Gb) 124,10 0,54 24FinSydbank A/S(Dk) 183,20 0,50 25FinBankinter(E) 6,63 0,48 26FinB.Santander(E) 6,03 0,48 27TelUnitedInternet(D) 38,72 0,47 28IndPersimmon(Gb) 1456,00 0,47 29PbuFlughafenZuerich(Ch) 664,50 0,46 30EneNeste Oil(Fl) 21,55 0,42 31InfGn Store Nord(Dk) 136,50 0,41 32InfAirbus Group(Nl) 46,27 0,41 33FinRoyalBank Sco(Gb) 362,80 0,40 34FinUnicredit(I) 5,08 0,40 35FinAshteadGroup(Gb) 1030,00 0,39 36PbuDixons Carphone(Gb) 434,40 0,39 37FinGagfah(Lu) 18,66 0,38 38InfCSRplc(Gb) 858,00 0,37 39PbuEasyjet(Gb) 1645,00 0,35 40FinMediobanca(I) 6,72 0,35 41SalShire(Gb) 4663,00 0,35 42SalGrifols(E) 33,20 0,33 43IndSubsea7(Lu) 69,40 0,33 44FinGt PortlandE(Gb) 743,50 0,30 45PbuIntrumJustitia AB(S) 225,70 0,30 46FinJyskeBank(Dk) 301,70 0,28 47FinCs GroupAg(Ch) 20,66 0,27 48MatHeidelbergcement(D) 61,90 0,27 49FinNatixis(F) 5,42 0,27 50TelIliad(F) 197,00 0,27 51InfArmHoldings(Gb) 995,50 0,27 52IndBerkeley(Gb) 2337,00 0,27 53FinStorebrand(Nok) 28,02 0,27 54SalActelionHldg(Ch) 105,90 0,26

55FinBaloiseHld(Ch) 121,40 0,26 56FinSociete Generale(F) 33,98 0,26 57EneGenelEnergy PLC(Gb) 670,00 0,26 58InfEricsson B(S) 97,20 0,26 59IndUpm-KymmeneOy(Fl) 14,24 0,25 60BvoLagardereS.C.A.(F) 22,93 0,25 61PbuHowden Join(Gb) 408,90 0,25 62IndKoninklijke(Nl) 41,19 0,25 63FinClose Bros(Gb) 1498,00 0,24 64BpnBritvic(Gb) 664,50 0,24 65PbuHome Retail Gr. plc(Gb) 199,10 0,24 66PbuRyanair Hldgs(Irl) 9,82 0,24 67InfIngenico(F) 89,00 0,23 68FinSchroders(Gb) 2636,00 0,23 69PbuSports(Gb) 716,00 0,23 70IndSeadrill(Gb) 75,15 0,22 71IndSika(Ch) 2962,00 0,22 72PbuEurotunnel(F) 11,47 0,22 73BvoItv(Gb) 219,50 0,22 74PbuRightmove(Gb) 2162,00 0,22 75FinMan(Gb) 158,20 0,22 76PbuAdecco(Ch) 62,55 0,21 77BvoMediasetEs Co(E) 10,41 0,21 78IndStoraEnso R(Fl) 7,63 0,21 79FinDnb(Nok) 104,00 0,21 80FinBbva(E) 7,49 0,20 81BpnBooker(Gb) 155,70 0,20 82FinUBI Banca(I) 5,50 0,20 83SalColoplastB(Dk) 525,50 0,19 84PbuDistribuidora Inte Alim(E) 5,50 0,19 85IndValeo(F) 114,25 0,19 86FinHargreaves Ls(Gb) 939,50 0,19 87IndSmurfitKappa(Irl) 20,67 0,19 88FinSeb A(S) 94,80 0,19 89IndHEXPOLAB Class B(S) 772,00 0,19 90Telfreenet(D) 25,11 0,18 91IndSmith(Gb) 323,30 0,18 92PbuNext(Gb) 6900,00 0,18 93IndMondi(Gb) 1078,00 0,18 94IndKingspan Group(Irl) 14,15 0,18 95FinDtAnnington Immob(D) 28,23 0,17 96IndSymriseAg(D) 52,87 0,17 97FinAberdeenAM(Gb) 408,70 0,17 98FinSt.James's Place(Gb) 800,50 0,17 99BvoWhitbread(Gb) 4773,00 0,17 100IndTrelleborg(S) 135,70 0,17 101IndJm(S) 251,00 0,17 102PbuBpost(B) 22,48 0,16 103IndEMS-ChemieHld(Ch) 388,00 0,16 104TelWirecard(D) 37,73 0,16 105FinJupiterFund(Gb) 347,00 0,16 106TelMicroFocus Int. plc(Gb) 1039,00 0,16 107IndFCA-FiatChrysler(Nl) 11,81 0,16 108FinKbc Groep(B) 45,32 0,15 109FinDeutscheWohnen(D) 20,73 0,15 110FinMapfre(E) 2,83 0,15 111FinCatlinG(Gb) 696,00 0,14 112SalLonza(Ch) 100,40 0,14 113SalNovo Nordisk(Dk) 284,60 0,14




la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

1 Eni IT0003132476 ¬ 54678 0,862 Intesa Sanpaolo 43057

Ordinarie IT0000072618 v 40970 1,52Risparmion.c. IT0000072626 v 2087 1,41

3 Enel IT0003128367 ¬ 36684 1,154 UniCredit 33287

Ordinarie IT0004781412 ¬ 33268 1,68Risparmion.c. IT0004781420 ¬ 19 0,59

5 Generali IT0000062072 v 28256 0,986 Luxottica IT0001479374 v 23888 0,327 Atlantia IT0003506190 v 17881 —8 TelecomItalia 17749

Ordinarie IT0003497168 v 13091 0,97Risparmion.c. IT0003497176 v 4658 —

9 Tenaris LU0156801721 ¬ 14729 0,8110 Snam IT0003153415 v 14239 0,5311 Fiat ChryslerAut. NL0010877643 v 13983 —12 CNHIndustrial NL0010545661 v 9185 —13 Exor IT0001353140 ¬ 8615 —14 EnelGreen Power IT0004618465 ¬ 8612 —15 TERNA IT0003242622 ¬ 7756 —16 Fondiaria-Sai 6406

Ordinarie IT0004827447 v 5279 0,25Risparmion.c. IT0004827454 ¬ 259 0,56Risparmio IT0004827488 ¬ 868 —

17 STMicroelectr. NL0000226223 v 6324 0,8918 Mediobanca IT0000062957 v 6321 1,6319 Pirelli& C. 6039

Ordinarie IT0004623051 v 5903 0,85Risparmion.c. IT0004623333 v 136 0,66

20 UBIBanca IT0003487029 ¬ 5927 1,7321 Finmeccanica IT0003856405 v 5106 1,1122 Mediaset IT0001063210 v 4483 1,5023 ParmalatS.p.a. IT0003826473 v 4481 —24 BancoPopolare IT0005002883 ¬ 4365 1,8925 Mediolanum IT0001279501 v 4193 1,5326 SalvatoreFerragamo IT0004712375 v 3859 —27 Saipem 3573

Ordinarie IT0000068525 ¬ 3571 1,34Risparmio IT0000068533 ¬ 2 —

28 Prysmian IT0004176001 v 3386 —29 Campari IT0003849244 v 3268 0,5430 B.caPop. Milano IT0000064482 v 3147 1,7031 Moncler IT0004965148 v 3128 —32 Hera IT0001250932 v 3111 0,6233 Unipol 3097

Ordinarie IT0004810054 ¬ 1921 0,85Privilegiate IT0004810062 ¬ 1176 0,87

34 B.caPop. Emilia Rom. IT0000066123 ¬ 3056 1,7935 Lottomatica IT0003990402 u 2920 —36 Recordati IT0003828271 v 2892 0,3437 FinecoBank IT0000072170 ¬ 2836 —38 BBBiotech CH0038389992 ¬ 2799 0,4539 AzimutHolding IT0003261697 v 2777 —40 Banca Generali IT0001031084 v 2709 —41 MontePaschi IT0004984842 ¬ 2618 1,8042 A2A IT0001233417 v 2594 1,2843 Tod's IT0003007728 v 2482 0,5644 De'Longhi IT0003115950 ¬ 2293 0,7145 CREDEM IT0003121677 v 2237 1,1546 WorldDuty Free IT0004954662 v 2159 —47 Acea IT0001207098 v 2091 0,7448 Sias IT0003201198 v 2017 0,79

49 Brembo IT0001050910 ¬ 2002 0,9450 Italcementi IT0001465159 v 1950 1,4451 BuzziUnicem 1941

Ordinarie IT0001347308 u 1686 0,95Risparmion.c. IT0001369427 ¬ 255 0,82

52 Diasorin IT0003492391 v 1927 —53 AnsaldoSts IT0003977540 v 1762 —54 Autogrill IT0001137345 v 1741 0,7155 B.caPop. Sondrio IT0000784196 ¬ 1651 1,1456 Erg IT0001157020 v 1488 0,9657 Salini Impregilo 1484


58 BeniStabili IT0001389631 v 1421 0,9359 Danieli 1412

Ordinarie IT0000076502 v 852 0,88Risparmion.c. IT0000076486 ¬ 560 0,77

60 Ima IT0001049623 v 1356 0,5461 InterpumpGr. IT0001078911 v 1299 0,6662 BrunelloCucinelli IT0004764699 ¬ 1283 —63 Fincantieri IT0001415246 ¬ 1210 —64 EI TOWERS IT0003043418 v 1206 —65 AnimaHolding IT0004998065 ¬ 1179 —66 Iren IT0003027817 v 1178 1,4267 Amplifon IT0004056880 ¬ 1173 0,6368 YOOXS.P.A. IT0003540470 ¬ 1122 —69 Cr.Valtellinese IT0000064516 ¬ 1102 1,6370 CattolicaAss IT0000784154 ¬ 1084 1,0171 Marr IT0003428445 v 1011 —72 Sorin IT0003544431 v 967 —73 Piaggio IT0003073266 v 952 —74 RaiWay IT0005054967 ¬ 940 —75 AutoTo-Mi IT0000084027 v 931 0,8276 Saras IT0000433307 v 918 —77 Cerved IT0005010423 ¬ 871 —78 Cementir IT0003126783 ¬ 812 1,0779 B.caIfis IT0003188064 v 773 —80 SafiloGroup IT0004604762 v 753 —81 Cir IT0000080447 v 741 0,9582 SAVE IT0001490736 v 732 —83 Geox IT0003697080 v 724 —84 Italmobiliare 687

Ordinarie IT0000074598 ¬ 438 1,11Risparmion.c. IT0000074614 v 249 1,01

85 B.caCarige 686Risparmio IT0003308878 ¬ 3 0,61Ordinarie IT0003211601 ¬ 683 1,09

86 Reply IT0001499679 v 626 0,5187 Sol IT0001206769 ¬ 618 0,4488 Vittoria Ass. IT0000062882 ¬ 579 0,5989 B.caIntermobil. IT0000074077 ¬ 553 n.s.90 Datalogic IT0004053440 v 553 0,4991 MaireTecnimont IT0004931058 ¬ 540 —92 Astaldi IT0003261069 v 538 1,1393 Dea Capital IT0001431805 v 527 0,4694 EngineeringI.I. IT0003029441 v 519 0,4395 IGD IT0003745889 v 509 —96 RCS Mediagroup IT0004931496 ¬ 493 1,0597 TreviFin. IT0001351383 ¬ 465 1,0498 ZignagoVetro IT0004171440 u 435 —99 Ascopiave IT0004093263 v 425 —

100 Gr.L'Espresso IT0001398541 ¬ 423 1,15101 CairoComm. IT0004329733 ¬ 397 0,90


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

102 Tamburi Inv. Partners IT0003153621 v 381 —103 CTIBiofarma US12648L1061 ¬ 341 —104 Nice IT0003317945 v 325 —105 Biesse IT0003097257 v 319 1,11106 Cofide IT0000070786 ¬ 312 0,90107 Esprinet IT0003850929 ¬ 307 1,21108 B.coDesio 295


109 Sogefi IT0000076536 v 285 1,03110 La Doria IT0001055521 v 276 0,43111 DeLclima IT0004772502 ¬ 275 —112 FieraMilano IT0003365613 v 271 0,62113 IVSGroup LU0556041001 ¬ 270 —114 FalckRen. IT0003198790 ¬ 266 0,91115 Bastogi IT0004412497 ¬ 254 0,28116 Juventus IT0000336518 ¬ 231 0,42117 Caltagirone IT0003127930 ¬ 225 0,67118 FNM IT0000060886 u 224 0,91119 VianiniLav. IT0003127864 u 224 0,58120 Mondadori IT0001469383 v 222 1,20121 B.caProfilo IT0001073045 ¬ 218 1,02122 Moleskine IT0004894900 ¬ 216 —123 Immsi IT0001413837 v 208 0,78124 Sesa(ex Made inItaly 1) IT0004729759 ¬ 201 —125 RomaA.S. IT0001008876 u 199 0,42126 Aeffe IT0001384590 u 193 —127 D'Amico LU0290697514 v 192 —128 Cembre IT0001128047 v 189 0,39129 MutuiOnline IT0004195308 ¬ 186 —130 Risanamento IT0001402269 ¬ 180 0,61131 SeatPagine Gialle 180

Risparmio IT0005070641 ¬ —Ordinarie IT0005070633 ¬ 180 —

132 Valsoia IT0001018362 v 157 —133 Snai IT0000074903 ¬ 156 1,20134 Gasplus IT0004098510 ¬ 155 —135 B.caFinnat IT0000088853 ¬ 154 0,86136 KmeGroup 146

Ordinarie IT0004552359 ¬ 117 0,61Risparmion.c. IT0004552367 ¬ 29 0,56Risparmio IT0004867930 ¬ —

137 El.En. IT0001481867 v 146 0,66138 PrimaIndustrie IT0003124663 v 145 0,78139 BasicNet IT0001033700 u 145 0,37140 Emak IT0001237053 v 140 0,67141 SAT IT0000214293 ¬ 139 —142 Bon.Ferraresi IT0000074135 ¬ 138 neg.143 Prelios IT0004923022 ¬ 136 1,07144 B.caPop. Etruria Lazio IT0004919327 ¬ 132 1,22145 SaesGetters 131


146 ce IT0004967292 ¬ 128 —147 Sabaf IT0001042610 u 126 0,48148 Servizi Italia IT0003814537 ¬ 118 —149 LandiRenzo IT0004210289 v 118 —150 TelecomItalia Media 110


151 Elica IT0003404214 v 110 —152 MolecularMedicine IT0001080248 ¬ 108 —153 Reno De Medici IT0001178299 ¬ 107 0,86

154 Mittel IT0001447348 ¬ 106 0,50155 AlerionCleanp. IT0004720733 ¬ 104 0,25156 Pininfarina IT0003056386 v 104 0,70157 Damiani IT0004249329 ¬ 104 —158 CaltagironeEdit. IT0001472171 u 102 0,61159 Tiscali IT0004513666 ¬ 97 1,21160 Edison IT0003372205 ¬ 93 0,25160 Retelit IT0004370463 ¬ 93 0,73161 Txte-solutions IT0001454435 ¬ 90 0,52162 Carraro IT0001046553 ¬ 85 0,98163 Acsm-Agam IT0001382024 ¬ 85 0,93164 ClassEditori IT0001276408 u 82 0,92165 Piquadro IT0004240443 ¬ 79 —166 Beghelli IT0001223277 ¬ 77 0,84167 Brioschi SviluppoImm. IT0000066180 ¬ 76 0,74168 Eurotech IT0003895668 v 72 —169 BeeTeam IT0001479523 v 69 1,01170 Bolzoni IT0004027279 ¬ 67 —171 B.coSardegna IT0001005070 ¬ 66 0,19172 Autos. Merid. IT0000084043 v 66 0,18173 Ratti IT0004724107 ¬ 65 0,34174 Tesmec IT0004585243 ¬ 64 —175 B&C Speakers IT0001268561 u 63 —176 EnervitS.p.a. IT0004356751 ¬ 61 —177 PanariaGroup IT0001467577 ¬ 60 —178 Acotel IT0001469953 v 56 0,55179 TerniEnergia S.P.A. IT0004359037 ¬ 56 —180 Isagro 54

Ordinarie IT0001069902 ¬ 36 —Ordinarie IT0005013542 ¬ 17 —

182 Kinexia IT0004441603 ¬ 53 0,57183 Pol.S.Faustino IT0001352217 ¬ 50 0,56184 Irce IT0001077780 ¬ 49 0,32185 CSPInternational IT0001127874 ¬ 48 0,37186 MondoTV IT0001447785 ¬ 46 0,60187 Gefran IT0003203947 ¬ 44 0,64188 DigitalBros IT0001469995 u 43 0,55189 M&C IT0003955009 ¬ 43 —190 Monrif IT0000066016 ¬ 42 0,58191 Bialetti Industrie IT0004222102 ¬ 41 —192 Dada IT0001455473 ¬ 41 0,48193 Exprivia IT0001477402 v 39 0,95194 Ciccolella IT0000080421 u 39 0,47195 Vianini Ind. IT0003127898 ¬ 36 0,49196 Noemalife IT0004014533 v 35 —197 CAD IT IT0001489720 v 35 0,54198 Gabetti IT0005023038 ¬ 34 0,99199 AcquePotabili IT0004269327 ¬ 33 0,57200 Ambienthesis(ex Sadi Ser. Ind.) IT0001042297 ¬ 33 0,50201 S.S. Lazio IT0003621783 u 33 0,40202 Pierrel IT0004007560 u 32 —203 CentraleLatte To IT0003023980 v 32 0,99204 PoligraficiEditoriale IT0000086923 ¬ 30 0,54205 Borgosesia 30

Ordinarie IT0003217335 ¬ 30 0,12Risparmion.c. IT0003217368 ¬ —

206 Grandi Viaggi IT0001244026 ¬ 27 0,68207 Premuda IT0003676282 u 26 0,64208 K.R.Energy IT0004841315 ¬ 26 0,48209 IlSole24 Ore IT0004269723 ¬ 26 —210 Stefanel 24

Ordinarie IT0004607518 ¬ 24 0,74Risparmio IT0004607526 ¬ —


la classifica di piazza affari

211 CapeListed IT0005025496 ¬ 23 —212 CIA IT0003389522 ¬ 22 0,32213 Zucchi 20

Ordinarie IT0000080553 ¬ 20 1,01Risparmion.c. IT0000080561 ¬ 1 —

214 Ricchetti IT0003690283 ¬ 19 0,76215 Fullsix IT0001487047 ¬ 19 0,12216 BestUnion Company IT0004273915 u 18 —217 Caleffi IT0003025019 u 17 —218 EuKedos IT0004818297 u 17 —219 Ergy IT0004370448 ¬ 16 —220 Fidia IT0001498481 v 15 0,53221 Tas IT0001424644 u 15 0,82222 BiancamanoS.p.a. IT0004095888 u 15 —223 Mediacontech IT0004991490 ¬ 14 0,98224 ConafiPrestitò IT0004105653 ¬ 13 —225 ROSSS IT0004297575 u 13 —226 Le BuoneSocietà IT0005013013 ¬ 12 0,44227 Aedes IT0005065849 ¬ 12 1,15228 Olidata IT0001350625 ¬ 11 0,66

229 NOVA RE IT0001162509 ¬ 11 —230 Bioera IT0004711203 ¬ 9 —231 Chl IT0001446613 u 9 0,74232 Industria e Innovazione IT0004179088 u 7 —233 EEMS IT0001498234 u 6 —234 Meridie IT0004283807 ¬ 5 —235 DmailGroup IT0004819030 ¬ 3 0,70236 Investimentie Sviluppo IT0004942915 ¬ 3 0,69237 Sintesi IT0004659428 ¬ 2 1,15238 ItWay IT0003057624 ¬ 0 0,18239 Cdc IT0001477337 ¬ 0 —240 SSBT IT0003745129 u 0 —241 Arena IT0001347175 ¬ 0 —242 Aeroporto Firenze IT0000346798 ¬ 0 0,17243 BoeroB. IT0000066966 ¬ 0 —244 MovieMax IT0003765267 u 0 —245 CogemeSet IT0004092216 ¬ 0 —246 AiònRenew. IT0003926661 ¬ 0 —247 B.caPop. Spoleto IT0001007209 ¬ 0 —

TOTALE 517987

titolo codice ten capital betaisin mlnÁ prosp

titolo codice ten capital betaisin mlnÁ prosp

I dati sono riferiti alla chiusura di giovedì. fonte: Ufficio Studi - Dati di tendenza forniti da FTA


l’elite delle borse mondiali elaborazione Ufficio Studi de Il Sole-24Ore su dati

1 Apple Inc(USA) 478322,11 347,07 6,812 Exxon Mobil(USA) 289621,45 67,08 2,723 Microsoft Cp(USA) 281793,71 85,62 5,844 Berkshre Cl B(USA) 270056,19 145,51 1,945 Google Inc(USA) 262217,84 116,35 4,806 Novartis(CH) 229418,69 50,80 3,137 Roche Holding Ag(CH) 213835,70 33,33 10,908 Nestle Sa(CH) 212900,67 29,54 3,379 Johnson Johnson(USA) 212346,98 93,23 4,77

10 Wal-Mart Stores(USA) 207900,84 98,60 4,1611 Wells Fargo & Co(USA) 201213,96 125,71 2,1112 Toyota Motor C(JP) 190606,05 81,10 1,6613 Procter & Gamble(USA) 182518,67 83,92 4,5014 Royal Dtch Shl(NL) 180926,93 34,34 1,3615 General Elec Co(USA) 179727,62 82,03 2,2916 Ab Inbev(B) 164201,52 200,38 4,4617 Facebook(USA) 159273,21 — 14,8818 Jpmorgan Chase(USA) 155541,85 67,24 1,2519 Pfizer Inc(USA) 153104,48 105,79 3,4320 Chevron(USA) 152222,13 72,09 1,6821 Hsbc Holdings(GB) 151706,39 -10,28 1,0722 Verizon Comms(USA) 149062,51 104,51 4,2523 Oracle(USA) 142180,84 112,47 5,0224 Coca-Cola Co(USA) 141392,53 93,48 6,9525 Merck & Co(USA) 131929,16 88,13 4,5126 Intel Corp(USA) 131311,64 112,34 3,8027 At&T(USA) 131294,66 60,67 2,3428 Bank Of America(USA) 120649,00 20,83 0,8829 Walt Disney Co(USA) 118830,45 273,19 4,4730 Visa Inc(USA) 118075,85 269,56 7,2731 Gilead Sci(USA) 116337,66 448,92 15,3732 Intl Bus Machine(USA) 112056,89 43,02 8,6333 Pepsico Inc(USA) 108522,13 93,88 7,4134 Citigroup(USA) 107672,20 77,10 0,8735 Sanofi(F) 106967,49 45,82 1,8736 Comcast Corp A(USA) 106886,06 322,82 3,4437 Cisco Systems(USA) 105985,59 40,83 3,0138 Total(F) 105717,43 1,37 1,3839 Amazon Com(USA) 102461,42 184,77 16,7140 Bayer(D) 101879,97 141,19 4,9241 Home Depot Inc(USA) 101572,59 340,97 14,0842 Bp(GB) 101293,38 -30,20 1,0343 Philip Morris(USA) 97799,55 114,88 —44 Glaxosmithklin(GB) 92919,72 14,27 10,1245 Volkswagen Pref.(D) 91196,11 237,16 1,0846 Brit Am Tobacc(GB) 89678,88 78,89 10,5147 Amgen(USA) 89124,63 237,12 6,4248 Siemens(D) 89019,63 57,19 2,9649 Qualcomm Inc(USA) 88611,95 80,58 4,1450 Cvs Caremark Crp(USA) 84918,98 263,11 3,8251 L Oreal(F) 83677,01 92,17 4,0252 B. Santander(E) 83450,34 -42,10 0,9353 Vodafone Group(GB) 82300,12 71,47 0,8954 Inditex(E) 80923,87 190,37 8,7555 United Tech Cp(USA) 80786,78 105,89 4,0556 Daimler(D) 80152,22 115,54 1,8357 Altria Group(USA) 79854,97 230,98 37,5458 Royal Bk Can(CAN) 78925,82 40,05 2,5159 Schlumberger Ltd(USA) 78756,34 45,99 3,2960 Unitedhealth Gp(USA) 78113,88 300,64 4,14

61 Astrazeneca(GB) 77581,80 52,82 4,2262 3M Company(USA) 77543,87 138,41 7,5163 United Parcel B(USA) 76991,31 126,92 19,4264 Bristol Myers Sq(USA) 76503,44 201,20 8,7865 Union Pacific Cp(USA) 75723,04 324,06 5,9466 Abbvie(USA) 74371,66 — 26,3567 Celgene Corp(USA) 72674,17 413,10 17,4068 Sabmiller(GB) 72411,16 99,65 3,4669 Mastercard Cl A(USA) 71854,80 292,85 16,1670 Kinder Morgan(USA) 71821,21 — 3,9571 Lloyds Bnk Grp(GB) 70411,47 41,82 1,3872 Boeing Co(USA) 70278,03 171,32 8,0673 Lvmh(F) 69757,00 94,36 2,5974 Basf(D) 68445,03 82,18 2,5275 Sap(D) 67825,72 65,35 4,0976 Amer Express Co(USA) 67531,70 152,25 5,8477 Toronto Dom Bk(CAN) 67194,86 63,64 1,9978 Allianz(D) 65488,10 74,97 1,3079 Mcdonald'S Corp(USA) 65453,95 73,40 6,9480 Deutsche Telek(D) 65085,45 45,30 2,6381 Mitsub Ufj Fg(JP) 64622,00 26,14 0,6982 Biogen Idec(USA) 63613,26 724,87 12,0183 Ntt Docomo(JP) 63516,57 44,42 1,4584 Diageo(GB) 63359,82 79,98 6,8785 Walgreen Co(USA) 61338,45 151,56 4,4186 Bmw(D) 61019,02 204,67 1,7687 Unilever NV(NL) 60272,68 55,98 6,9688 Nike Inc Cl B(USA) 60144,10 256,48 9,3189 Bnp Paribas(F) 60142,38 -9,89 0,7590 Eli Lilly(USA) 59881,49 142,68 5,6791 H & M B(S) 59432,11 68,48 12,3892 Conocophillips(USA) 59143,66 96,59 1,8193 Telefonica(E) 58121,90 -31,09 2,6694 Honeywell Intl(USA) 57841,40 195,59 5,3495 Goldm Sachs Grp(USA) 57441,67 33,58 1,3896 Royal Bank Sco(GB) 56828,76 7,64 0,8097 Us Bancorp(USA) 56217,10 103,62 2,5298 Bk Nova Scotia(CAN) 54503,60 40,47 1,8799 Actavis Plc(USA) 54418,27 727,82 4,96

100 Ntt(JP) 54366,32 62,90 0,85101 Rio Tinto(GB) 53913,06 -11,23 1,95102 Ubs Group(CH) 53765,81 -6,95 1,14103 Twenty First C. Fox(USA) 53682,82 262,82 5,49104 Eni(I) 53676,92 -16,74 0,92105 Kddi(JP) 53546,23 198,09 2,49106 Medtronic Inc(USA) 53538,54 101,01 4,48107 Amer Intl Group(USA) 52975,22 167,14 0,88108 Prudential(GB) 52805,01 159,46 4,19109 Hewlett-Packard(USA) 52664,78 -8,78 3,22110 Barclays(GB) 51165,66 -9,00 0,72111 Reckit Bncsr G(GB) 50766,98 72,11 6,14112 Morgan Stanley(USA) 50610,07 43,59 1,28113 Time Warner Inc(USA) 50394,44 264,03 2,92114 Du Pont Co(USA) 50031,27 171,45 5,07115 Axa(F) 49456,10 26,56 0,99116 Abbott Labs(USA) 49392,51 101,05 3,41117 Ebay Inc(USA) 49371,96 168,35 3,52118 Allergan Inc(USA) 49188,42 350,28 12,63119 Bbva(E) 48940,35 -31,73 1,07120 Lowes Companies(USA) 48760,51 256,76 7,17

classifica mondiale delle prime 120 società quotate per capitalizzazionetitolo mktcap var.% prezzo/ titolo mktcap var.% prezzo/

mln diÀ 5anni m.propri mln diÀ 5anni m.propri


quanto rendono i bond

areaeuro3EleniaFin XS1005068587 BBB 12-20 108,477 1,362Smbc XS0555833580 A 11-20 114,645 1,353PhilipMorris XS0906815591 A 03-25 113,113 1,353SinoGr Ovs 2013 XS0982303785 AA 10-20 106,976 1,353Icad FR0011577188 BBB 09-23 116,489 1,343Bacardi XS0947658208 BBB 07-23 111,129 1,343SinoGr Ovs 2013 XS0982303868 AA 10-20 106,976 1,343IntesaSanpaolo XS1018032950 BBB 01-22 114,295 1,341Cncep FR0010621532 A 06-18 112,596 1,331LanxessFinance XS0855167523 BBB 11-22 109,500 1,333Tele Fin XS0950055359 BBB 07-23 117,196 1,331Obb-Infra XS0984087204 AA 10-33 127,418 1,333TotalCaptl Int XS0994991411 AA 11-25 115,411 1,331GoldmnSachs XS1032978345 BBB 10-21 107,425 1,333BanqueSolfea FR0011512417 BBB 06-16 100,230 1,323TlefonicaEmisns XS0874864860 BBB 01-23 120,076 1,323Abertis ES0211845260 BBB 06-23 119,266 1,313Repsol IntlFina XS0933604943 BBB 05-20 106,719 1,311Natixis FR0000583155 AA 06-19 127,064 1,304Amcor XS0907606379 BBB 03-23 111,076 1,303GecinaSa FR0011502814 BBB 05-23 112,402 1,293Erdoel-Lager XS0905658349 AA 03-28 117,487 1,293BatIntl Finance XS0909359332 A 03-25 113,800 1,293AsmlHolding Nv XS0972530561 BBB 09-23 116,869 1,293EsbFinance XS0992646918 BBB 01-24 118,518 1,293HolcimFin Lux XS1019821732 BBB 01-24 114,362 1,292BhwBausparkasse DE000A0Z19B5 A 09-24 124,137 1,281SiemensFinancrg DE000A1UDWN5 A 03-28 119,027 1,281EnbwIntFin XS0207320242 A 01-25 133,378 1,284NlWaterschapsbk XS0614464609 AA 04-31 88,598 1,282IntesaSanpaolo XS0741977796 BBB 01-20 104,675 1,283OpenGrid Europe XS0942082115 A 06-25 115,362 1,283Valeo FR0011689033 BBB 01-24 116,676 1,272Vale XS0497362748 BBB 03-18 109,519 1,271Eib XS0975634204 AAA 10-33 128,506 1,273TescoCorporate XS0992632702 BB 11-17 99,924 1,271Unicredit IT0004984198 BBB 07-17 101,789 1,263Anglo AmericaCa XS0789283792 BBB 06-19 106,269 1,263CrhFinanc XS0909369489 BBB 04-23 114,402 1,261Obb-Infra XS0782697071 AA 05-32 132,732 1,253XstrataFin Du XS0857215346 BBB 11-18 105,074 1,253JpChase Bk XS0883614231 A 02-23 111,371 1,253AtAndT Inc XS0903433513 A 03-23 109,555 1,253IntBus XS0991099630 AA 11-25 116,296 1,253Credit Agri Lon XS1028421383 A 02-26 119,139 1,252Edf FR0010800540 A 09-24 130,450 1,243Securitas XS0996455399 BBB 02-21 108,013 1,243Mcdonalds XS1004551294 A 12-25 116,556 1,242E.OnInter Fin XS0347908096 A 02-23 132,810 1,233AllianzFin Ii DE000A1HG1K6 AA 03-28 121,348 1,221EuropeanFin Sta EU000A1G0AJ7 AA 03-32 140,871 1,223Casino FR0011052661 BBB 05-21 121,181 1,221Heineken Nv XS0758420748 BBB 03-24 119,598 1,223PhilipMorris XS0787527349 A 05-24 114,441 1,223Snam XS0829190585 BBB 09-22 129,187 1,223Teliasonera XS0746010908 A 02-24 120,576 1,213ErsteGroup XS0765299655 BBB 03-17 104,594 1,213Smbc XS0937853983 A 07-23 112,350 1,213FerrovDel St It XS0954248729 BBB 07-20 114,680 1,21

3Orang FR0011560077 BBB 01-24 116,238 1,203GasNat FenFin XS0875343757 BBB 01-23 120,216 1,203GreatWestLife XS0918600668 A 04-23 110,079 1,203Telenor XS0933241456 A 05-25 112,532 1,203Nwb XS0969846269 AA 09-31 126,830 1,203AuPacAirport XS0974122516 A 09-23 115,726 1,201DeutAnn Fin DE000A1HRVD5 BBB 10-21 115,530 1,191Eu EU000A1G1Q17 AAA 04-32 133,785 1,193WellsFar XS0925599556 A 05-23 108,280 1,193Eni XS0951565091 A 07-23 116,450 1,193Cnooc Curtis Fdg XS0973209421 AA 10-20 108,489 1,191Eib XS0083892256 AAA 02-28 153,475 1,181Eib XS0093667334 AAA 02-28 153,475 1,181DeutschePost XS0862952297 A 12-24 115,662 1,183FerrovialEmis XS0940284937 BBB 06-21 113,356 1,183Oracle XS0951216166 A 07-25 118,917 1,183Iccrea XS0994224672 BB 11-16 103,125 1,183FVan Lanscht Bk XS0940685091 BBB 06-18 106,378 1,171GoldmnSachs XS0963375232 BBB 08-20 107,767 1,173Eutelsat FR0011339746 BBB 10-22 114,326 1,163JpMorganFinnc XS0820547825 A 08-22 111,430 1,163UnioneDi Banche XS1033018158 BBB 02-19 106,740 1,163EestiEnergia XS0763379343 BBB 10-18 111,090 1,153AmericaMovil XS0954302104 A 07-23 116,951 1,151Eib XS0960306578 AAA 09-30 122,635 1,153Statoil XS0969572204 AA 09-25 117,091 1,153ErsteGroup XS0993272862 BBB 05-19 103,000 1,151Ewe DE000A0Z2A12 BBB 07-21 125,478 1,143Kpn XS0752092311 BBB 03-22 121,006 1,141Telekom Austria XS0767278301 BBB 04-22 119,579 1,143Wpp XS0995643003 BBB 11-23 115,508 1,14

sterlina inglese4SevrnTrnt Util XS0875301912 BBB 01-26 108,270 2,721WalMart XS0121617517 AA 12-30 139,532 2,684NtnlGridElec XS0789331948 A 06-27 113,824 2,654GreaterGabbard XS0995413340 A 11-32 113,751 2,644MotabilityOprtn XS0742069726 A 02-27 117,743 2,644Abinbev BE6258029741 A 09-25 112,263 2,643Abinbev BE0934986036 A 07-24 158,807 2,644BatIntl Finance XS0969309847 A 09-26 113,344 2,634GlaxoCap XS0866588527 A 12-27 107,851 2,634GatwickFunding XS0733794407 BBB 01-24 120,720 2,614Ncm Hldg XS0627333221 BBB 01-23 119,056 2,564Bhp BillFin XS0834399635 A 09-24 105,758 2,554MetroLife Globl XS0834641358 AA 09-26 109,632 2,544Bae Systems XS0789683462 BBB 06-22 110,491 2,523MarksSpencer XS0471074582 BBB 12-19 116,223 2,514SouthernGasNet XS0686570242 BBB 10-23 118,177 2,504Rolls-Royce XS0944831154 A 06-26 108,451 2,491NedWaterschap XS0130092793 AA 06-32 141,205 2,424Ge CapitalUk XS0971723233 A 09-23 113,407 2,374SiemensFinancrg DE000A1G85C2 A 09-25 103,365 2,374Next XS0630204351 BBB 10-21 118,455 2,363United Utlts Wtr XS0419346977 BBB 03-22 121,915 2,361GknHoldings XS0103214762 BBB 10-19 119,800 2,291Rabobank XS0758779192 A 09-22 112,253 2,224WessexWater Fin XS0731849831 BBB 09-21 110,878 2,214Scot SthrnEnrgy XS0677073206 A 09-21 112,447 2,191Eib XS0114126294 AAA 06-32 148,910 2,19

datial 22.01.2015 codiceisin rating obbligazioneemittente prezzo rend.

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quanto rendono i bond

4MetroLife Globl XS0873675846 AA 01-23 105,001 2,184Pepsico XS0849673602 A 11-22 102,595 2,131Eib XS0415532273 AAA 06-29 129,002 2,121WorldBank XS0113708969 AAA 06-32 151,988 2,121DtschBahnFin XS0954706023 AA 07-26 110,286 2,093NtwrkRail Infrt XS0236698972 AA 12-30 130,380 2,091LcrFinance Plc XS0094804126 AA 12-28 128,855 2,093NatlAust Bank XS0472503589 AA 12-21 119,207 2,084Svenska Hndlsbnk XS0860538379 AA 12-22 104,925 2,051Ebrd XS0091740018 AAA 12-28 142,590 2,051Eib XS0085727559 AAA 12-28 147,230 2,041Ge CapitalUk XS0463588052 A 11-20 120,905 1,991Eib XS0768478868 AAA 12-27 119,860 1,971Raiffeisen XS0577372476 A 01-21 114,924 1,943Johnson&Johnson XS0329524457 AAA 11-24 131,427 1,931CdcIxis XS0107813452 AA 02-20 119,144 1,873SouthernWtr Srv XS0415065399 BBB 03-19 116,960 1,854IntBus XS0996288717 AA 12-20 105,018 1,83

dollaro usa1Petrofac USG7052TAC56 BBB 10-18 95,740 4,664TGaranti Banka USM8931TAF68 BBB 09-22 103,989 4,624FransBril XS0955717946 BBB 10-18 102,675 4,581GlencoreFndg XS0938722666 BBB 05-23 96,830 4,584China ResLand XS1039273666 BBB 02-24 110,523 4,574AkbankIntl USM0375YAK49 BBB 10-22 102,742 4,574YapiVe Kredi Bk US984848AC56 BBB 01-20 97,480 4,574YapiVe Kredi Bk XS0874840688 BBB 01-20 97,493 4,564China Overseas 3 XS0972980097 BBB 10-23 105,870 4,554Pertamina USY7138AAE02 BB 05-23 98,380 4,531LeightonFinance USQ55038AA33 BBB 11-22 109,205 4,534Pertamina US69369EAE95 BB 05-23 98,380 4,531LeightonFinance US52535PAA75 BBB 11-22 109,198 4,53

4ConsorcioTrans USP3083SAC90 BBB 05-23 99,000 4,521NaborsInd US629568AQ91 BBB 02-18 104,596 4,511Dcp Midstream USU24019AC24 BBB 03-19 119,678 4,474Calidda USP47113AA63 BBB 04-23 99,322 4,474SocQuimic YMin USP8718AAF32 BBB 04-23 94,335 4,454Alpek USP01703AB65 BBB 08-23 106,488 4,454Turkiye Halk Bk XS0882347072 BBB 02-20 97,480 4,441PetrobasGlb Fin US71647NAC39 BBB 05-16 96,906 4,441Bellsouth US079860AD40 A 10-31 128,788 4,424Pertamina USY7138AAC46 BB 05-22 102,800 4,411VerizonComms US92343VBS25 BBB 09-33 125,099 4,414FranshionProp XS0847609434 BBB 10-17 100,750 4,404Anglo AmericaCa USG03762CH52 BBB 09-22 98,220 4,404Anglo AmericaCa US034863AG56 BBB 09-22 98,213 4,401Weyerhaeuser US962166BR41 BBB 03-32 135,632 4,394Indianoil XS0955024236 BBB 08-23 109,661 4,374GloboComunicaco USP47773AL38 BBB 04-22 103,072 4,374China Taiping Ne XS0979772596 BBB 10-23 111,830 4,351Rio Tinto Aln US013716AQ81 A 03-31 133,405 4,344InversinesCmpc USP58073AA84 BBB 04-22 101,017 4,334Turkiye Vakiflar US90015WAB90 BBB 10-18 102,263 4,334Transnet Soc XS0809571739 BBB 07-22 98,000 4,314Transnet Soc US89378TAC71 BBB 07-22 98,000 4,313Bancolombia US05968LAG77 BBB 06-21 109,169 4,284African Export XS0938043766 BBB 06-18 98,750 4,274Boc Aviation XS0925008533 BBB 05-23 100,828 4,251Embraer US29082AAA51 BBB 06-22 105,857 4,214CosFin 2011 XS0858461758 A 12-22 98,641 4,204Bpcl XS0848436365 BBB 10-22 102,740 4,201Rio Tinto Aln US013716AU93 A 12-33 124,965 4,194Alpek USP01703AA82 BBB 11-22 102,085 4,184AlicorpSa USP0161KDN02 BBB 03-23 98,000 4,16

fonte: Ufficio Studi su dati Thomson Reuters


scad. indic. effet.


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bond bancari a cura di

IT0005082463 BcaPop Vicenza15-18 1.20% Fisso 1.2 20 28/01/2015 28/01/2018 Si NR — 1,2 0,52IT0005072308 Bipiemme 15-181% Fisso 1 300 30/01/2015 30/01/2018 No BB+ 153 1 0,52IT0005072316 Bipiemme 15-201% Step-Up Step-Up 1,00/1,50 300 30/01/2015 30/01/2020 No BB+ 153 1,22 0,88IT0005072928 UbiBca 15-17 0.65% Fisso 0.65 130 30/01/2015 30/01/2017 No BBB- 105 0,65 0,43IT0005072977 UbiBca 15-20 0.65% Step-Up Step-Up 0,65/1,40 50 30/01/2015 30/01/2020 No BBB- 105 0,98 0,88IT0005073041 UbiBca 15-18 0.90% (Tv) TassoMisto 0,9/Euribor6m+0,70 20 30/01/2015 30/01/2018 No BBB- 105 0,89 0,52IT0005073090 UbiBca 15-18 1% Fisso 1 5 30/01/2015 30/01/2018 No BBB- 105 1 0,52IT0005073132 UbiBca 15-17 0.75% Fisso 0.75 30 30/01/2015 30/07/2017 No BBB- 105 0,75 0,51IT0005073249 UbiBca 15-17 1.35% Fisso 1.35 3 30/01/2015 30/07/2017 No BBB- 105 1,36 0,51IT0005074189 BcoPop 15-20 1.70% Step-Up (Tv) TassoMisto 1,7/1,75/Euribor3m+0,2/Cap 2,4% 150 30/01/2015 30/01/2020 No BBB 185 0,87 0,88IT0005074221 BcoPop 15-18 0.90% Fisso 0.9 200 30/01/2015 30/01/2018 No BBB 185 0,9 0,52IT0005074874 Bnl15-18 Tv Variabile Euribor3m+0,45 25 30/01/2015 30/01/2018 Si A- 61 0,53 0,64IT0005074882 Bnl15-20Tv Variabile Euribor3m+0,75 25 30/01/2015 30/01/2020 No A- 61 0,84 0,79IT0005075152 Bnl15-201% (Tv) TassoMisto 1/Euribor3m/Cap 2,5%/Floor0,45% 50 30/01/2015 30/01/2020 Si A- 61 0,67 0,88IT0005082190 BcaPop Pugliese15-20 2.25% (Tv) TassoMisto 2,25/Euribor6m+0,85 20 10/02/2015 10/02/2020 No — 1,74 0,88IT0005082208 BcaPop Pugliese15-18 1.10% Fisso 1.1 10 10/02/2015 10/02/2018 No — 1,1 0,54IT0005082232 BcaPop Pugliese15-20 2%(Tv) TassoMisto 2/Euribor6m+0,85 20 10/02/2015 10/02/2020 No — 1,64 0,88IT0005082273 BcaPop Pugliese15-18 1.20% Fisso 1.2 10 10/02/2015 10/02/2018 No — 1,2 0,54IT0005082216 Mps15-19 2% Fisso 2 500 16/02/2015 16/02/2019 Si BBB 293 2,01 0,68IT0005082224 Mps15-20 1% Step-Up Step-Up 1,00/3,00 400 16/02/2015 16/02/2020 Si BBB 293 1,99 0,88IT0005082265 Mps15-21 Tv Usd Variabile Libor3m/Cap5,5%/Floor 2,5% 250 26/02/2015 26/02/2021 Si BBB 293 2,52 —

EMISSIONI"RETAIL" IN COLLOCAMENTO CON TAGLIO MINIMO INFERIORE A 50MILA EUROisin obbligazione tipologia tasso amm inizio dataquotratng cds rend rend

tasso(1) mln godimento scadenza (3) (4) 5anni lordo stato(2) (5) scad (6)

LEGENDA1 Tipologia Tasso: Oltre a tasso fisso o variabile l’obbligazione può avere una struttura con Tasso Misto che passa da tasso fisso a variabile o viceversa; Subobbligazionisubordinateperlequali ipossessorisonosoddisfattisuccessivamenteaglialtricreditori incasodi liquidazionedell’enteemittente;Capobbligazio-neconunrendimentomassimo;Floorobbligazioneconunrendimentominimo;Callobbligazioneconfacoltàdirimborsoanticipatodapartedell’emittente;Putobbligazione con facoltà di rimborso anticipato da parte del possessore; le obbligazioni step down/step up corrispondono al possessore cedole decrescen-ti/crescentinelcorsodellavitadeltitoloinbaseaunaserieditassidi interessepredeterminatinelregolamentodiemissione,nellacolonnatassovieneindicatoilprimoel’ultimotasso annuo;per le tassovariabile ilparametropiù lospread2Ammontare: Dati inmilionidi euro3Quotazione: Impegnodell’emittente aquotare il titolo suunmercato regolamentatooMtfriportatonellecondizioni definitivedell’offerta.4Rating:Rating assegnatodaStandard&Poor, Moody'so Fitch.5 Cds: I Credit Default Swap sono contratti bilaterali in cui un soggetto (protection buyer), a fronte di pagamenti periodici effettuati a favore della controparte(protection seller), si protegge dal rischio di credito associato ad un determinato sottostante (reference asset), che può essere costituito da una specificaemissione, da un emittente o da un intero portafoglio di strumenti finanziari. I Cds rappresentano una copertura contro l’insolvenza in caso di default di unemittente.Maggiore ilvaloredel Cds,maggioreè il rischio dicreditopercepito.6Rendimento Titolo diStato: Rendimento effetivolordo di untitolodi Stato italiano(BTp/CcT)di similaredurataresidua.


inflation linked a cura di

BTpItaliaIT0004806888 mar-16 2,45% 102,44 0,52 0,52 0,9974IT0004821432 giu-16 3,55% 104,27 0,58 0,58 0,9991IT0004863608 ott-16 2,55% 103,52 0,75 0,75 0,9963IT0004917958 apr-17 2,25% 103,75 0,74 0,74 0,9963IT0004969207 nov-17 2,15% 104,30 0,74 0,84 0,9971IT0005012783 apr-20 1,65% 104,47 0,94 1,30 0,9963IT0005058919 ott-20 1,25% 102,89 0,85 1,30 0,9960BTplegati all'inflazione europeaIT0004682107 set-16 2,10% 102,70 -0,01 0,10 1,06977IT0004085210 set-17 2,10% 106,12 -0,09 0,38 1,16139IT0004380546 set-19 2,35% 110,04 0,05 0,80 1,10619IT0004604671 set-21 2,10% 111,23 0,15 1,27 1,08264IT0004243512 set-23 2,60% 116,60 0,50 1,76 1,00424

IT0004735152 set-26 3,10% 125,50 0,58 2,13 1,05974IT0003745541 set-35 2,35% 121,65 1,01 2,90 1,19458IT0004545890 set-41 2,55% 123,23 1,28 3,28 1,08571BTpIT0004840788 lug-15 4,50% 102,08 0,07 -8IT0004761950 set-16 4,75% 107,27 0,28 18IT0004867070 nov-17 3,50% 108,41 0,43 30IT0004489610 set-19 4,25% 116,07 0,69 46IT0004594930 set-20 4,00% 116,80 0,91 61IT0004695075 set-21 4,75% 123,16 1,10 74IT0004848831 nov-22 5,50% 130,38 1,37 96IT0004644735 mar-26 4,50% 127,45 1,77 111IT0003934657 feb-37 4,00% 120,39 2,78 173IT0004532559 set-40 5,00% 138,90 2,87 197

BTPREALI E NOMINALI A CONFRONTOtitolidistato inflationlinked a confronto coni piùtradizionali btp a tasso fisso.dati al22.01.2015isin scadenza cedola prezzo rendim rendim index isin scadenza cedola prezzo rendim asw

ascad. (1) swil (2) ratio(3) ascad.(1) spread(4)

GUIDAALLA LETTURALe due tipologie di BTp inflation linked sono prodotti che rispetto ai normali BTp nominali, oltre a prevedere il rimborso del valore nominale a scadenza,offrono unrendimento indicizzato all'andamento del costo della vita. In particolare i BTp Italia è un titolo indicizzato all'inflazione italiana (indice Foi dei prezzi al consumo),mentre i BTpEi in circolazione sono agganciati all'inflazione dell'area euro. I BTp Italia retrocedono l'inflazione insieme alla cedola, ogni sei mesi. I BTp legatiall'inflazione area euro, invece, riconoscono tutta la rivalutazione legata alla crescita del carovita a fine periodo. Pertanto, a differenza dei BTpEi che rimborsano ascadenzailvalorenominalerivalutato,moltiplicandoilcapitalenominalesottoscrittoperilcoefficientediindicizzazione, ilBTpItaliarimborsainun'unicasoluzionea scadenza soltanto il valore nominale (100) che non viene cioè aggiustato per l'inflazione del periodo. La remunerazione semestrale offerta dal BTp Italia è paridunque alla somma tra la cedola aggiustata per l'inflazione più la rivalutazione del capitale. Inoltre, a differenza dei BTpEi, che prevedono una protezione dalladeflazione (variazione percentuale negativa dei prezzi) o floor sul capitale e soltanto a scadenza, il BTp Italia offre una protezione anche sulle cedole, venendocomunquecalcolatesulcapitalenominalesottoscritto: incasodideflazioneinundeterminatosemestre, ilcoefficientedi indicizzazionemodificatoeutilizzatopericalcolièparia1(limiteinferiore).Infine,percalcolareilcoefficientedi indicizzazionedeiBTpEisideverapportarel'inflazionediriferimentodelladatadiregolamen-todell'operazionedicompravenditaall'inflazionediriferimentodelladatadigodimentodeltitolo.PerilBTpItalia,aldenominatorecomparel'inflazionediriferimen-to (numero indice) della data di pagamento della cedola precedente oppure, se si tratta della prima cedola, della data di godimento del titolo. I risparmiatori chedetengonoiBTpItalia dall'emissionealla scadenza avrannoalrimborsoanche unpremiofedeltà pari allo 0,4%lordosul valorenominale.1Rendimentoascadenza:Rendimentoascadenza:rendimentocalcolatoconsiderandocostanteil livellodeltassodi inflazioneattuale,parial0,1%per l’Italiaeallo-0,2%per l’area euro.2 Rendimento a scadenza Swil: Rendimento a scadenza Swil: Rendimento calcolato considerando le previsioni di inflazione media futura del mercato degli "infla-tionswap".Quest'ultimi, anchedenominati con l'acronimoSwil,sono operazioni finanziarieattraverso le qualiduecontroparti istituzionali identificanoun tassodiinflazionemedio,relativoadundeterminatoperiododitempofuturo.Sel'inflazionesaràsuperioreunacontropartepagheràall'altraladifferenzaeviceversa.Pergliinvestitorigli inflation swapsonoutili perverificare le aspettativedi inflazionefutura dapartedei grandioperatori internazionali.3 Index ratio:È l'indice per il qualeva moltiplicato il prezzoe idietimi perdeterminare l'effettivoesborso (o incasso)monetario.4AswSpread: indica il differenzialedirendimento trauna determinataobbligazione atassofisso eil livellodi tassodella curvadegli InterestRateSwap(Irs) dipariscadenza. Tanto maggiore è il Asw Spread, tanto più elevato è il rischio di credito associato dal mercato a quel determinato emittente alle diverse scadenze, inquestocasolaRepubblica Italiana.


due scenari per i bond a cura di

IT0004955685 Mediobanca30-09-18 su 30-09-2013 30-09-2018 1381 104,700 * 1,51 0,85 3,56 7,04 0,71 0,23 2,79IT0001200390 Comit17-02-28 zc BBB 17-02-1998 17-02-2028 1271 70,486 2,71 0,54 13,08 23,74 6,21 -3,13 8,96IT0004917842 Mediobancaap-23 5.75% subord BB 18-04-2013 18-04-2023 1152 115,220 3,58 2,04 6,65 11,09 3,41 0,64 6,33IT0004966823 B.Popolare18-11-20 5.5% subord 18-11-2013 18-11-2020 940 106,296 3,68 3,01 3,52 7,15 2,58 2,39 4,91FR0010014845 Giepsatresor st-336% 19-09-2003 19-09-2033 837 112,000 * 4,99 2,24 11,91 14,46 4,05 -0,37 10,57IT0004794142 Enel20-02-18 4.875% BBB 20-02-2012 20-02-2018 827 112,701 0,69 0,12 2,83 5,88 0,66 -0,27 1,60IT0001205589 Mc.Lombardo fb-28 zc 18-02-1998 18-02-2028 719 70,103 2,75 0,58 13,08 22,82 7,63 -3,07 9,03IT0000966017 Comit08-01-27 zc BBB 08-01-1997 08-01-2027 687 72,508 2,72 0,70 11,97 21,40 6,72 -2,58 8,40IT0004852312 Deutschebank13-11-22 zc 13-11-2012 13-11-2022 674 89,240 * 1,47 -0,01 7,81 13,58 2,77 -1,89 4,92IT0004645542 Mediobancanv-20 5%subord BB 15-11-2010 15-11-2020 628 110,115 3,07 2,02 5,18 8,50 1,98 0,96 5,15IT0004842370 Ubi08-10-19 6%subord 08-10-2012 08-10-2019 536 107,565 3,05 2,53 2,51 6,16 2,28 2,01 3,60IT0004780562 Unicredit 31-01-19tf/su subord 23-12-2011 31-01-2019 507 108,760 * 3,40 2,97 1,85 5,00 1,59 2,08 3,15IT0004828171 Deutschebankst-22 zc 06-09-2012 06-09-2022 482 89,810 * 1,42 -0,02 7,62 12,87 2,91 -1,83 4,79IT0004964224 Unicredit 31-12-18tf/su 31-10-2013 31-12-2018 473 105,860 * 1,62 0,93 3,79 8,28 0,76 0,26 3,05IT0004764004 Unicredit 31-10-18 susubord 31-10-2011 31-10-2018 465 107,290 * 3,15 2,69 2,17 4,36 1,62 2,33 3,56XS0161100515 Telecomfinge-33 7.75% 24-01-2003 24-01-2033 459 135,510 * 4,76 2,07 10,77 24,91 6,90 -0,20 9,64IT0001203253 Mc.Centrale fb-28 zc 10-02-1998 10-02-2028 455 70,073 2,76 0,59 13,06 23,61 7,47 -3,07 9,00IT0004608797 Mediobancamg-204.5% BBB 14-05-2010 14-05-2020 446 114,611 1,60 0,66 4,75 11,04 2,46 -0,30 3,48IT0004605074 Unicredit 31-05-20 susubord 31-05-2010 31-05-2020 440 104,300 * 3,35 2,74 3,11 4,66 1,30 2,20 4,34IT0004869985 Atlantia30-11-18 3.625% BBB 30-11-2012 30-11-2018 401 111,173 0,68 — 3,66 7,70 1,13 -0,66 2,01IT0004698426 Unicredit 31-03-18su subord 31-03-2011 31-03-2018 391 103,340 * 2,86 2,49 1,60 3,35 0,95 1,81 2,63IT0004826092 Unicredit 24-07-18 5.65% 24-07-2012 24-07-2018 359 113,620 * 1,62 0,99 3,22 7,81 -0,01 0,46 2,70IT0004991961 Unicredit 28-12-17 su/tf 18-03-2014 28-12-2017 352 101,680 * 1,52 0,97 2,84 — 0,58 0,59 2,44IT0004682545 Intesaspaolomz-17 su 03-03-2011 03-03-2017 344 106,280 * 1,11 0,67 2,00 4,47 0,47 0,56 1,59IT0004917867 Unicredit 15-07-20tf/su subord 15-05-2013 15-07-2020 336 104,230 * 3,18 2,56 3,26 6,21 1,71 2,00 4,29IT0004871965 Intesaspaolo18-01-19 su 18-01-2013 18-01-2019 332 109,880 * 1,51 0,81 3,78 8,37 0,03 0,13 2,92IT0004941412 Unicredit 13-10-20 tf/susubord 13-08-2013 13-10-2020 329 103,220 * 3,04 2,38 3,52 7,19 0,73 1,77 4,30IT0004992613 Mps21-03-17 2.5% 21-03-2014 21-03-2017 306 100,880 * 2,09 1,64 2,10 — 0,74 1,51 2,62XS0768457433 Palladium 15-05-19zc 15-05-2012 15-05-2019 297 91,490 * 2,09 1,33 4,31 10,64 0,08 0,43 3,74IT0004783046 Mediobancadc-17 zc BBB 12-12-2011 12-12-2017 294 96,706 1,17 0,63 2,89 6,55 1,09 0,22 2,11IT0004849300 Intesaspaoloot-17 4.8% 03-10-2012 03-10-2017 288 109,220 * 1,29 0,77 2,57 5,34 0,20 0,49 2,07IT0001086658 S.Paoloimige-22 zc BBB 30-01-1997 30-01-2022 266 86,478 2,09 0,76 7,03 8,37 1,86 -0,88 5,15IT0004983661 Mps03-02-17 2.5% 03-02-2014 03-02-2017 265 100,740 * 2,13 1,70 1,97 — 0,37 1,61 2,60IT0005012536 Mps12-05-172.5% 12-05-2014 12-05-2017 258 100,830 * 2,14 1,68 2,24 — 0,61 1,49 2,74IT0004760655 Eni11-10-17 4.875% A 11-10-2011 11-10-2017 257 111,597 0,56 0,04 2,59 3,74 -0,11 -0,25 1,35IT0005004855 Unicredit 23-12-17su/tf 23-04-2014 23-12-2017 257 100,780 * 1,49 0,94 2,85 — 0,39 0,55 2,41IT0004898273 Intesaspaolo10-04-19 su 10-04-2013 10-04-2019 251 109,750 * 1,52 0,78 3,91 8,67 0,11 0,03 2,96IT0004908841 Intesaspaolo15-05-19 su 15-05-2013 15-05-2019 244 109,150 * 1,42 0,66 4,02 9,47 0,10 -0,11 2,93IT0005012635 Mps12-05-172.6% 12-05-2014 12-05-2017 243 100,550 * 2,37 1,91 2,24 — 0,30 1,71 2,96IT0004723489 Ubi30-06-18 5.4% subord 30-06-2011 30-06-2018 240 104,765 2,84 2,43 1,86 3,88 0,93 1,92 2,93IT0005009524 Tip14-04-20 4.75%call 14-04-2014 14-04-2020 240 106,380 3,39 2,46 4,61 — 2,53 1,47 5,12IT0004907850 Unicredit 30-06-20 tf/su subord 29-04-2013 30-06-2020 233 104,040 * 3,24 2,62 3,22 5,81 1,45 2,06 4,30IT0004936545 B.Imi30-08-19 tf 30-08-2013 30-08-2019 218 107,927 1,67 0,86 4,32 7,69 1,37 -0,01 3,32IT0004849318 Intesaspaoloot-17 4.8% 05-10-2012 05-10-2017 217 109,230 * 1,29 0,77 2,57 5,34 0,18 0,50 2,08IT0004900202 Bp.Vicenza28-03-23 sucall 28-03-2013 28-03-2023 210 100,680 * 4,33 2,80 6,83 — 0,39 1,30 7,16IT0004992662 Mps21-03-17 2.75% 21-03-2014 21-03-2017 210 100,910 * 2,33 1,88 2,09 — 0,62 1,73 2,84IT0004842685 B.Imi12-09-17 5% 12-09-2012 12-09-2017 208 109,400 * 1,34 0,83 2,51 5,11 0,18 0,57 2,09IT0004982200 Unicredit 31-03-21 tf/su subord 31-01-2014 31-03-2021 207 103,770 * 2,54 1,81 3,91 — 1,88 1,04 3,98IT0004984198 Unicredit 31-07-17 2% 31-01-2014 31-07-2017 206 101,540 * 1,37 0,88 2,44 — -0,17 0,62 2,08IT0004771710 Mps30-11-17 su 30-11-2011 30-11-2017 205 108,484 2,77 2,23 2,70 6,77 0,22 1,89 3,60IT0004992779 Mps21-03-17 2.65% 21-03-2014 21-03-2017 203 101,010 * 2,18 1,73 2,09 — 0,58 1,59 2,70IT0004777121 Unicredit 30-11-17 5% 30-11-2011 30-11-2017 195 109,960 * 1,41 0,87 2,72 6,79 0,41 0,55 2,27IT0004979081 Unicredit 27-03-17 2% 27-12-2013 27-03-2017 187 101,710 * 1,20 0,75 2,15 — 0,64 0,62 1,77IT0004717333 Intesaspaolo31-05-17 su 31-05-2011 31-05-2017 179 106,750 * 1,34 0,87 2,24 4,50 0,05 0,67 1,94IT0004883689 Unicredit 28-02-20 tf/susubord 31-12-2012 28-02-2020 170 103,520 * 3,04 2,47 2,87 6,17 1,39 1,99 3,89IT0004854094 Intesaspaolo05-11-17 4% 05-11-2012 05-11-2017 167 107,140 * 1,36 0,83 2,68 5,53 0,08 0,52 2,21IT0005023095 Mps16-06-18 2.6% 16-06-2014 16-06-2018 167 100,520 * 2,45 1,84 3,27 — 0,07 1,29 3,57IT0004615305 Unicredit 14-06-17 susubord 14-06-2010 14-06-2017 165 102,450 * 2,55 2,24 1,35 2,95 1,16 1,72 2,28IT0004695018 Intesaspaolomz-17 su 31-03-2011 31-03-2017 164 106,200 * 1,33 0,88 2,07 4,17 0,04 0,75 1,85XS0567053763 Gbonds420-03-17 tf 21-02-2011 20-03-2017 162 101,420 * 3,19 2,74 2,07 5,06 0,68 2,58 3,67IT0005012403 Mps12-05-172% 12-05-2014 12-05-2017 161 100,350 * 1,85 1,39 2,25 — 0,62 1,21 2,47IT0005039323 Mps15-09-18 2% 15-09-2014 15-09-2018 157 99,620 * 2,11 1,46 3,52 — -0,26 0,84 3,37XS0868102392 Palladium 14-12-18 zc 15-03-2013 14-12-2018 155 91,310 * 2,36 1,68 3,89 10,55 0,85 0,94 3,83

datial 21.01.2015 titolo rating data data quantità prezzo rend spread dura- performance perf.fra1 annoisin emissione scadenza media listino effett rend/ tion da da rend rend

trattata lordo stato lorda 1anno 3 mesi +0,5% -0,5%

SKIPPERi n f o r m a t i c a


due scenari per i bond

XS0890308462 Palladium 14-12-18 su 06-05-2013 14-12-2018 152 100,490 * 2,61 1,93 3,75 8,75 1,19 1,26 4,01IT0004727274 Intesaspaololg-17 4.1% 04-07-2011 04-07-2017 150 106,910 * 1,21 0,72 2,34 5,07 0,42 0,51 1,87IT0004781073 Bp.Vicenza28-12-18 8.5%subord 28-12-2011 28-12-2018 150 109,370 * 4,30 3,82 2,29 6,72 2,23 3,56 4,87FR0011439975 Peugeot 06-03-187.375% 06-03-2013 06-03-2018 149 115,640 * 2,13 1,56 2,76 8,69 2,35 1,11 2,93IT0004657471 Bp.Vicenza15-12-17 4.6% subord 15-12-2010 15-12-2017 149 103,210 * 2,82 2,41 1,85 5,78 1,26 2,27 3,16IT0004703952 Intesaspaolo03-05-17 su 03-05-2011 03-05-2017 137 106,810 * 1,18 0,72 2,16 4,70 0,29 0,55 1,74IT0004747330 Unicredit 19-08-18su subord 19-08-2011 19-08-2018 135 105,010 * 2,82 2,38 1,99 3,93 2,41 1,94 3,05IT0004936289 Mittel12-07-196%call 12-07-2013 12-07-2019 134 107,650 4,15 3,37 4,00 6,91 2,31 2,60 5,62IT0004887896 Intesaspaolo08-02-19 su 08-02-2013 08-02-2019 132 107,820 * 1,53 0,82 3,77 8,36 0,06 0,09 2,89IT0004821846 Kme03-08-17 8% call 03-08-2012 03-08-2017 128 104,998 5,79 5,29 2,32 5,61 0,22 4,91 6,26XS0170343247 Enel12-06-184.75% 12-06-2003 12-06-2018 127 113,750 * 0,63 0,02 3,14 6,15 0,88 -0,47 1,70IT0004718489 Ubi16-06-18 5.5% subord 16-06-2011 16-06-2018 125 104,922 2,81 2,40 1,82 4,04 1,57 1,87 2,85IT0004772676 Unicredit 16-11-17 zc 16-11-2011 16-11-2017 125 95,970 * 1,47 0,94 2,82 6,37 0,28 0,57 2,39IT0004866353 Intesaspaolo04-12-18 su 04-12-2012 04-12-2018 124 110,050 * 1,49 0,81 3,66 8,01 0,05 0,16 2,82IT0005026320 Deutschebanklg-17 1.25% 30-07-2014 30-07-2017 124 99,880 * 1,30 0,81 2,48 — 0,74 0,55 2,04IT0005046120 Bim01-10-17 2.3% 01-10-2014 01-10-2017 123 100,590 * 2,08 1,56 2,61 — 1,53 1,25 2,87IT0004572878 Ubi23-02-17 3.1% subord 23-02-2010 23-02-2017 117 100,925 2,23 1,98 1,06 2,40 -0,49 1,34 1,72IT0004992209 Mps21-03-17 3% 21-03-2014 21-03-2017 114 101,440 * 2,32 1,87 2,09 — 0,53 1,74 2,84FR0011567940 Peugeot 18-01-19 6.5% 18-09-2013 18-01-2019 105 116,040 * 2,25 1,55 3,67 11,60 3,60 0,92 3,58XS0182242247 Finmeccanicadc-185.75% 12-12-2003 12-12-2018 103 115,530 * 1,59 0,91 3,60 9,17 2,72 0,30 2,91IT0005021529 Unicredit 27-12-17 su/tf 26-05-2014 27-12-2017 95 100,550 * 1,09 0,54 2,87 — 0,80 0,15 2,03FR0011233451 Peugeot 11-07-175.625% 11-04-2012 11-07-2017 93 109,280 * 1,74 1,25 2,32 6,59 1,89 1,02 2,36IT0004645963 Ubi05-11-17 4.3% subord 05-11-2010 05-11-2017 90 103,331 2,38 1,99 1,73 3,45 0,86 1,76 2,57NL0009054907 Rbs20-04-19 5.5% BBB 20-04-2009 20-04-2019 86 118,330 1,07 0,33 3,84 8,87 2,06 -0,38 2,49NL0009483825 Rbs22-06-205% 22-06-2010 22-06-2020 84 119,520 1,26 0,29 4,86 12,18 2,66 -0,66 3,21IT0004808421 Unicredit 21-05-185% 21-05-2012 21-05-2018 81 110,565 1,70 1,10 3,07 7,10 0,44 0,61 2,70IT0004892748 Bp.Vicenzafb-23su call 15-02-2013 15-02-2023 78 100,230 * 4,24 2,72 6,79 1,02 0,19 1,21 7,04IT0004965791 Intesaspaolonv-17 2.6% 15-11-2013 15-11-2017 77 103,460 * 1,34 0,81 2,74 5,98 0,17 0,46 2,20IT0001306171 Mc.Centrale fb-19 sd/oc 18-02-1999 18-02-2019 75 136,127 2,41 1,70 4,07 8,07 1,82 0,89 3,97IT0005039349 Mps15-09-17 1.35% 15-09-2014 15-09-2017 75 98,900 * 1,78 1,27 2,60 — 0,29 0,97 2,58XS0993892735 Mediobanca22-01-223.2% BBB 22-01-2014 22-01-2022 71 106,500 2,18 0,85 6,41 8,58 2,91 -0,45 4,96IT0004932585 Bp.Vicenza28-06-18 sucall 28-06-2013 28-06-2018 70 100,640 * 3,57 2,95 3,27 2,56 1,11 2,40 4,69IT0004870926 Credem28-12-18 4.7% subord 28-12-2012 28-12-2018 69 103,681 3,14 2,66 2,30 — — 2,36 3,70IT0004981871 Mediobanca26-02-22 3.2% BBB 26-02-2014 26-02-2022 69 106,134 2,25 0,90 6,32 — 3,09 -0,43 4,91IT0004750268 Intesaspaolost-17 5.4% 12-09-2011 12-09-2017 68 110,410 * 1,35 0,84 2,50 4,96 0,07 0,57 2,08IT0004874985 Ubi31-01-17 su 31-01-2013 31-01-2017 65 104,350 1,67 1,24 1,94 4,69 1,34 1,16 2,12XS0554703834 Gbonds125-07-17 su 25-01-2011 25-07-2017 65 103,300 * 2,20 1,71 2,39 4,12 1,06 1,44 2,85

datial 21.01.2015 titolo rating data data quantità prezzo rend spread dura- performance perf.fra1 annoisin emissione scadenza media listino effett rend/ tion da da rend rend

trattata lordo stato lorda 1anno 3 mesi +0,5% -0,5%

GUIDAALLA LETTURAI titoli in tabella sono stati selezionati sulla base delle seguenti caratteristiche : quotati sui mercati MOT, EuroMOT e TLX, di emittenti bancari o corporate, aTasso Fisso, StepUp, StepDown e Zerocoupon con vita residua di almeno due anni, con lotto minimo acquistabile non superiore a 10mila euro e con unaquantitàtrattatamedianegliultimi10giornidialmenomilleeuro.Isin:Codiceidentificativodelprestitoobbligazionario-Descrizione:Descrizionedell'emitten-te, della data di scadenza e delle principali caratteristiche anagrafiche secondo la seguente legenda: su: step-up, sd: step-down, oc: one coupon, zc: zerocou-pon,tf:tassofisso,subord:obbligazionisubordinateperlequali ipossessorisonosoddisfattisuccessivamenteaglialtricreditori incasodi liquidazionedell'enteemittente, call: obbligazione con facoltà di rimborso anticipato da parte dell'emittente. Data Scadenza: è la data in cui viene rimborsata l'ultima quota dicapitale (normalmente l'unica) del titolo. Rating: Giudizio sull'affidabilità dell'emittente in merito al pagamento delle cedole e dei rimborsi previsti dal titolo.Quantità media trattata: è la quantità media trattata sul mercato negli ultimi 10 giorni lavorativi. In migliaia di euro. Prezzo di listino: prezzo di chiusura sulmercatodiquotazionedeltitolo(MOT,EuroMOToppureTLXsepresente*):perititolizerocouponsiintendetel-quel,cioècomprensivodellapartediinteressimaturata alla data, altrimenti si intende sempre corso secco, cioè non comprensivo del rateo cedola. Rend. Lordo %: indica il rendimento effettivo lordonell'ipotesicheiltitolovengatenutofinoascadenzaechetuttii flussivenganoreinvestitiallostessotasso.DurationLorda:èlavitamediafinanziariaespressainanni e frazioni d'anno: è il baricentro temporale dei flussi (cedole e rimborsi) futuri attualizzati. La duration rappresenta un indicatore di rischio: maggiore è laduration, maggiore è la rischiosità intesa come reattività del prezzo del titolo al variare del suo rendimento. Spread %: esprime la differenza di rendimentoeffettivo lordo dell'obbligazione rispetto ad un titolo di Stato Italiano di similare durata. Performance passate: Rappresenta il rendimento di periodo ottenutonelcasodiacquistodell'obbligazionenelpassato(unannofaotremesifa)edivenditasulmercatoalladatadiriferimentoealprezzodilistino, ipotizzandoilnonreinvestimento dei flussi incassati nel periodo. Performance tra 1 anno: Indica il rendimento di periodo che si otterrebbe in caso di acquisto dell'obbligazione,alladatadiriferimentoealprezzodi listino,edivenditadeltitolotraunanno,afrontediunoscenariodivariazionedeitassirispettivamentepositivoonegativodi50basis pointse nell'ipotesidi nonreinvestire glieventuali flussiche saranno incassatinel periodo:Rend +0.5%: performance prevista incaso di aumentodeitassidi interessedi 0.5%;Rend -0.5%: performanceprevista incasodi diminuzionedei tassi di interessedi 0.5%.


obbligazioni convertibili a cura di

Agronomia8 CV 30/06/2018 8,000 1,250 800,000 100 102,01 0,63 -1,36 -2,34 6,44 50,0 111,6AIRFRANCE-KLM 15/02/20232.03 2,030 10,300 1,000 33 11,82 7,75 +2,55 +4,19 0,41 7,8 53,4ALCATEL-LUCENT01/07/2018 4.25 4,250 1,698 1,060 -42 3,31 2,92 +5,33 +5,37 -13,87 3,1 6,8AXASA 01/01/2017 3.75 3,750 37,528 4,410 83 277,37 20,55 +0,21 +3,27 0,79 90,6 206,6B.ca Intermobiliare07/15 Sub 1,500 7,500 1,000 112 99,60 3,54 -0,08 -0,17 2,29 47,2 111,2CHL6CV 30/06/18 6,000 — — — 99,80 0,04 -0,25 — 6,04 — —COFINIMMO20/06/2018 2 2,000 104,231 1,038 1 118,28 103,70 +1,07 +1,17 -0,38 107,6 10,4Compagniadella Ruota CV15/07/2019 6,500 1,100 90,909 32 100,02 0,84 -2,45 — 6,59 75,9 31,8CRED AGRICOLESA 06/12/2016 0 — 63,152 1,050 4 76,44 60,51 +2,82 +5,51 -7,35 63,5 20,9Energy Lab 7CV 20/05/2019 7,000 2,128 47,000 7 100,40 1,99 -3,32 — 6,87 93,6 10,3Enertronica7.5CV 30/12/2016 7,500 6,000 900,000 73 100,15 3,47 -2,34 — 7,54 57,8 74,6Eukedos11/16 3,000 1,400 0,857 52 97,69 0,92 -0,65 -2,39 4,33 65,7 50,2FrendyEnergy 13/18 — — — — 79,55 1,09 -1,81 +2,15 6,00 — —HIReal8% CV 31/12/2019 8,000 0,160 6250,000 442 95,00 0,03 -4,49 -3,59 9,50 18,4 434,2IMMOFINANZ 08/03/20184.25 4,250 3,560 1,157 18 4,22 3,01 +1,09 — 3,98 — —MICHELINCGDE 01/01/2017 0 — 100,212 1,036 22 138,60 82,11 +0,96 +5,27 0,36 85,1 63,4PIERREVACANCES 01/10/20193.5 3,500 36,420 1,000 50 37,17 24,30 +2,25 -0,86 3,28 24,3 54,5SacomCV 22/12/18 7,500 — — — 70,00 2,93 -7,13 -1,22 21,04 — —Sias06/17 2,625 10,500 1,000 19 104,36 8,80 -0,81 +2,68 0,80 83,8 25,3SOC AIRFRANCE01/04/2020 2.75 2,750 19,903 1,030 157 22,07 7,75 -0,41 +4,19 1,65 8,0 177,2TE Wind13/18 6,000 1,613 62,000 88 100,50 0,86 -3,69 +0,53 5,84 53,3 94,8TECHNIP01/01/2017 0.25 0,250 96,090 1,000 87 95,15 51,44 +0,42 +6,27 0,90 51,4 85,7TUIAG 24/03/2016 2.75 2,750 11,713 5,059 -23 79,15 15,27 +2,97 +4,91 -20,70 77,3 3,1ValoreItalia 2.5% CV 2014-2019 2,500 0,06018750,000 10 104,00 0,05 — -0,91 1,61 91,2 14,1(Noriskprestaoccasionalmenteeautonomamenteattivitàdi consulenzaafavoredegliemittentidegli strumenti finanziarioggettodi analisi)

LEGENDA*Titolosospeso.PrezzoConversione: il valore,determinatoall'emissioneed espressointerminidi valorenominaledell'obbligazione, alquale l'obbligazionepuòessereconvertita inun'azione.RapportoConversione:numero diazionidi compendionellequaliun'obbligazioneèconvertibile.Distanzastrike:rapporto traprezzoconversioneequello dell'azionesottostante.Rendimento ascadenza:"yieldto worst"ovvero ilminimorendimentoottenibilenelcaso incui l'emittentenonfallisca,calcolatotenuto contodel peggiorescenario possibile inbasealle condizionidel prestito(e.g. clausoledirimborsoanticipato,opzioni sullecedole). Parità:valoredellaconversione,espresso intermini %sulnominale,qualora l'obbligazione fosseconvertitanell'azionesottostanteal prezzocorrente dimercato, tenutoconto delrapportodi conversione.PremioConversione:differenzatra ilprezzodell'obbligazionee lasuaparità,espressa intermini%sulla parità. Indica ladistanza dallacondizionediconversione: unpremiopiùelevato implicaunamaggiore prevalenzadellacomponenteobbligazionaria,mentre unpremiopiùcontenutounamaggioreprevalenzadella componenteopzionale.CARATTERISTICHE DELLE OBBLIGAZIONIBim 07/15: subordinata,cedola annua, facoltàdirimborsoanticipato CALLdecorsi18 mesidall’emissione(dal29/01/07). Inizioperiodo convertibilità01/01/07;fineperiodo convertibilità31/03/15. Eukedos11/16: cedolaannua, rimborsabile inanticiposu richiestadegli obbligazionisti incasidiinadempienzedell’emittente, rimborsabile inanticipo dapartedell’emittentese ilnominale incircolazione risulta inferiorea5 mln€. Sias 06/17: inizioperiodoconvertibilità01/07/10; fineperiodoconvertibilità31/05/17.

titolo cedola strike rapporto distanza ultimoprezzo var.settimanale rend. a parità premioannua% convers. convers. strike obbligaz sottost obbligaz sottost scadenza convers.%


obbligazioni subordinate a cura di

LOWERTIER IIXS0356705219 Rbs 6,934 09/04/2018 EUR Ba2 BB+ BBB- 114,88 — 2,040 50XS0525912449 Barclays 6,000 14/01/2021 EUR Baa3 BBB- A- 123,09 — 1,873 50XS0324964666 Lloyds 5,374 30/06/2021 EUR — BB+ BBB+ 113,58 — 3,030 100XS0743689993 Nordea Bank 4,625 15/02/2022 EUR NR A- A+ 107,38 0,945 2,930 15.02.2017 5YRMid Swap+315BP 100XS0849517650 Unicredit 6,950 31/10/2022 EUR Ba2 BB BBB 119,88 — 3,920 100XS0971213201 IntesaSanpaolo 6,625 13/09/2023 EUR Ba1 BB BBB 125,00 — 3,250 100XS1036494638 Swedbank 2,375 26/02/2024 EUR Baa2 BBB+ A 103,16 1,569 2,520 26.02.2019 5YRMid Swap+237,5BP 100XS0986063864 Unicredit 5,750 28/10/2025 EUR Ba2 BB BBB 109,00 3,960 4,520 28.10.2020 5YRMid Swap+410BP 100DE000A1RE1Q3 Allianz 5,625 17/10/2042 EUR A2 A+ A 122,64 2,380 4,750 17.10.2022 3MEuribor+500BP 100XS1061711575 Aegon 4,000 25/04/2044 EUR Baa1 BBB BBB 106,69 3,150 4,150 25.04.2024 3MEuribor+335 BP 100TIERIXS0221011454 HannoverRe 5,000 Perpetual EUR — A A 101,68 0,100 3,910 01.06.2015 3MEuribor+268BP 1XS0542298012 Rwe 4,625 Perpetual EUR Baa3 BBB- BBB- 101,65 2,090 3,830 28.09.2015 5YRMid Swap+265BP 1FR0010289496 Vinci 6,250 Perpetual EUR Baa3 BBB BBB- 103,72 1,500 4,910 13.11.2015 3MEuribor+375 BP 50XS0234434222 Henkel 5,375 Perpetual EUR Baa1 BBB BBB+ 103,19 1,480 4,060 25.11.2015 3MEuribor+285BP 1XS0253627136 SwissReinsurance 5,252 Perpetual EUR A3 A A- 105,35 1,190 3,310 25.05.2016 6MEuribor+209 BP 50XS0254808214 Solvay 6,375 Perpetual EUR Ba1 BBB- BBB- 105,25 2,350 4,540 02.06.2016 3MEuribor+335 BP 1XS0256975458 Generali 5,317 Perpetual EUR Ba1 BB+ BBB- 103,38 2,820 3,358 16.06.2016 3MEuribor+210 BP 50XS0674277933 EnBW 7,375 Perpetual EUR Baa2 BBB- BBB 111,77 1,810 6,040 02.04.2017 5YRMid Swap+540.1BP 1XS0484213268 Tennet 6,655 Perpetual EUR Baa3 BBB — 110,66 1,950 4,600 01.06.2017 5YRMid Swap+360BP 50XS1048428012 Volkswagen 3,750 Perpetual EUR Baa2 BBB+ BBB+ 108,94 2,180 3,570 24.03.2021 7YRMidSwap+2,534% 1

LEGENDALeobbligazioni subordinateoffronominorigaranzieall’investitore interminidicertezzadel flussocedolare e/otutele incasodi liquidazione dell’emittente.Afrontedi questeminorigaranzie questa tipologiadi titolioffrerendimenti maggiori (avolteanche dimolto)rispetto allenormali emissioni(definite"senior").Esistonodiverse tipologiedi obbligazionisubordinate: ledue piùdiffuse,che sempreconmaggiorefrequenza vengonoproposteagli investori retail,sonoquelledenominate "LowerTier II" (LT2) e"Tier I"(T1).LeobbligazioniLower Tier II rappresentano ilminorgradodi subordinazione e ,quindi, la tipologiadititolimenorischiosi(tra quelli subordinati)pergli investitori.È infatti garantito ilpagamentodelle cedolee il rimborsodelcapitale ascadenza,amenoovviamentedi insolvenzadell’emittente. Incasodi insolvenzaomessa in liquidazionedell’emittente, il rimborso (totaleoparziale)di questa tipologiadi bondrisultasubordinato (dacui ilnome)al pienorimborsodi tutti icreditoriche risultanoavereprecedenza, inclusi icorrentisti e ipossessoridi obbligazioni"senior".LeobbligazioniTier Irappresentano, invece, ilpiùelevato gradodisubordinazione,visto chenon sonogarantitiné ilpagamentodelle cedole,néilrimborsodelcapitale.Questa tipologiadi titoli, infatti, nonha di fattoscadenzao,se prevista,essaèprorogabile indefinitamente(da cui ilnomedi "perpetui"o"perpetual"). In casodi insolvenzao messa in liquidazionedell’emittente, il rimborso(totaleoparziale) diquesta tipologiadi obbligazioni risulta subordinatoalpienorimborsodituttigli altricreditori, inclusi icorrentistie i possessoridiobbligazioni LowerTier II.1 Rendimentoalla prossimadata dirimborsoanticipato.2 Rendimento alladata discadenza ovenon vi fosse rimborsoanticipato.3 Prossimadata dirimborsoanticipato.4 Tipodi flusso cedolare inesseresuccessivamentealla datadi rimborsoanticipato,ove laclausolanonvenga esercitadall’emittente.

isin emittente cedola scadenza val rating prezzo rendimento data cedoladopo invcorr.% mood s&p fitch call(1) scad(2) call(3) call(4) min

mgl


fondi comuni a confronto elaborazione Ufficio Studi de Il Sole 24Ore - Rating a cura di

azionariitalia 4,32 0,01 — 12,71 2,60AcomeAItalia A1 mmmmm 5,77 1,83 2,39 16,69 1,80AcomeAItalia A2 mmmmm 5,87 2,92 2,39 17,76 —AllianzAz. Ita.All Stars mmmmm 4,37 -0,36 0,83 12,35 3,41AnimaGeo Italia A mmmmm 3,78 1,22 0,83 13,14 3,53AnimaGeo Italia Y mmmmm 3,91 2,74 0,83 14,85 5,04ANM Anima ItaliaA mmmmm 3,83 1,32 0,83 12,93 2,06ANM Anima ItaliaF mmmmm 3,92 2,18 0,83 — —ArcaAzioni Italia mmmmm 4,02 0,32 0,69 12,78 2,88Bnl Azioni Italia mmmmm 4,95 -4,73 1,56 8,67 0,23EurizonAz.Italia mmmmm 4,24 -0,65 0,60 11,57 1,89EurizonAz.PMIItalia mmmmm 5,50 -4,37 -2,27 15,11 3,04Euromob.Azioni Italiane mmmmm 4,52 2,04 0,93 11,85 2,54Fideuram Italia mmmmm 4,09 3,27 0,74 17,38 5,58FonderselP.M.I. mmmmm 5,55 0,03 -0,45 20,75 6,72Fonditalia Eq. ItalyR mmmmm 4,19 1,24 — 15,02 4,18Fonditalia Eq. ItalyT mmmmm 4,26 1,90 — 15,77 4,83Fonditalia Equity ItalyClasse Z mmmmm 4,30 — — — —GestnordAz.Italia A mmmmm 4,06 0,17 0,82 12,99 3,69GestnordAz.Italia CY mmmmm 4,12 0,94 0,82 — —Interf.Equity Italy mmmmm 4,18 1,92 — 14,77 4,01PioneerAz. Crescita A mmmmm 3,74 -2,14 0,72 10,36 0,77PioneerAz. Crescita B mmmmm 3,72 -2,39 — — —Symp. Selez. Italia mmmmm 3,83 -5,50 — 11,70 2,16SynergiaAz.Sm.CapIt. mmmmm 6,02 -1,97 — 15,59 3,75UBIPra. Azioni Italia mmmmm 4,72 2,98 0,75 13,48 3,45ZenitMc Pianeta ItCl.I mmmmm 4,02 -8,85 — 14,19 4,48ZenitMc Pianeta ItCl.R mmmmm 3,96 -9,82 0,25 13,15 3,56comit 3,64 -1,86 — 8,41 -1,46area euro 4,41 3,90 — 12,62 5,288a+Eiger mmmmm 3,38 2,15 — 11,63 6,94Agora Equity mmmmm 1,46 -3,12 5,08 6,98 0,04Alto Azionario mmmmm 3,33 -1,87 5,15 9,78 2,10BancoPosta Azion. Euro mmmmm 4,39 2,61 5,91 14,23 7,57EpsilonQEquity mmmmm 3,90 5,19 5,62 13,66 5,79EurizonAz.AreaEuro mmmmm 4,02 2,65 5,65 11,22 3,61Symp. Azionario Euro mmmmm 2,41 0,58 — 14,15 4,04UBIPra. Azionario EticoE mmmmm 3,68 6,46 5,35 11,81 4,54UBIPra. Azioni Euro mmmmm 5,03 5,91 5,38 14,18 7,16msci euro 3,94 6,23 — 14,75 6,91europa 4,76 5,85 — 12,67 7,65AcomeAEuropa A1 mmmmm 3,57 2,80 3,00 16,04 5,41AcomeAEuropa A2 mmmmm 3,68 3,89 3,00 17,07 —AllianzAzioniEuropa mmmmm 4,26 6,91 8,29 13,10 9,68AllianzMultiEuropa# mmmmm 4,14 3,89 7,87 10,79 5,26AmundiAzionario Europa# mmmmm 4,33 3,46 8,27 11,44 6,72AnimaGeo Euro Pmi A mmmmm 5,23 1,40 5,24 16,66 11,64AnimaGeo Euro Pmi Y mmmmm 5,38 2,92 5,24 18,41 13,26AnimaGeo Europa A mmmmm 5,27 6,94 8,28 13,38 8,87AnimaGeo Europa Y mmmmm 5,40 8,54 8,28 15,08 10,44ANM Anima EuropaA mmmmm 5,01 6,77 8,28 13,44 7,39ANM Anima EuropaF mmmmm 5,10 7,71 8,28 — —ANM Anima IniziativaEu A mmmmm 4,93 2,27 5,24 16,43 9,00ANM Anima IniziativaEu F mmmmm 5,16 3,53 5,24 — —ArcaAzioniEuropa mmmmm 4,42 6,69 8,28 12,47 7,28Bnl AzioniEuropa Div mmmmm 4,68 3,56 9,39 10,01 6,06ConsultinvestAzione A1 mmmmm 2,74 0,27 — — —ConsultinvestAzione A2 mmmmm 2,71 0,68 — 8,14 4,30ConsultinvestAzione IY mmmmm 2,86 1,98 — — —EpsilonQValue mmmmm 4,69 9,93 8,99 14,49 8,85EurizonAz.Europa mmmmm 4,42 4,70 8,24 11,06 5,78EurizonAz.PMIEuropa mmmmm 5,03 3,45 5,74 14,35 9,30FMS- Equity Europe# mmmmm 4,23 3,73 8,66 13,58 8,24FonderselEuropa mmmmm 4,70 4,93 8,66 12,32 7,32Fonditalia Eq.EuropeR mmmmm 5,28 4,12 — 13,14 7,04Fonditalia Eq.EuropeT mmmmm 5,34 4,79 — 13,86 7,70GestnordAz.Europa A mmmmm 4,55 4,15 8,59 12,10 7,11GestnordAz.Europa CY mmmmm 4,62 5,09 8,59 — —Interf.Equity Europe mmmmm 3,49 -2,69 — 9,87 6,64InvestitoriEuropa mmmmm 4,08 2,88 7,55 10,43 5,59MalatestaAzionario Eu mmmmm 4,72 5,16 8,66 11,98 6,53PioneerAz ValEu Dis A mmmmm 4,12 8,00 8,66 12,78 8,31PioneerAz ValEu Dis B mmmmm 4,10 8,37 — — —PioneerAz. EuropaA mmmmm 4,86 6,66 8,66 10,15 5,66

PioneerAz. EuropaB mmmmm 4,88 6,44 — — —RasLux Equity Europe mmmmm — — — — —UBIPra. Az. Europa mmmmm 5,08 7,26 8,56 11,75 6,80msci europe 4,60 8,66 — 14,34 9,58america 3,06 24,45 — 17,30 14,14AcomeAAmerica A1 mmmmm -0,52 12,84 11,11 13,18 10,49AcomeAAmerica A2 mmmmm -0,42 14,09 11,11 14,33 —AllianzAzioniAmerica mmmmm 3,25 24,02 29,14 13,43 11,84Alto AmericaAz. mmmmm 3,70 23,93 30,21 16,72 13,52AnimaGeo America A mmmmm 3,37 26,95 28,82 17,92 n.s.AnimaGeo America Y mmmmm 3,51 28,86 28,82 19,65 n.s.ANM Anima AmericaA mmmmm 3,37 27,31 28,82 18,04 15,72ANM Anima AmericaF mmmmm 3,57 28,61 28,82 — —ArcaAzioniAmerica mmmmm 3,11 24,66 27,57 17,21 14,64BnlAzioniAmerica mmmmm 2,87 25,28 31,21 17,13 15,42EurizonAz.America mmmmm 3,07 26,24 28,97 18,77 14,90EurizonAz.PMIAmer. mmmmm 3,32 15,87 17,94 17,65 15,82FMS- Equity Usa# mmmmm 2,42 24,04 30,45 17,77 14,60Fondit.Eq.Usa BlueCh R mmmmm 3,35 23,92 — 15,74 12,26Fondit.Eq.Usa BlueCh T mmmmm 3,40 24,72 — 16,50 12,96GestnordAz.AmericaA mmmmm 2,79 22,19 29,87 16,45 12,87GestnordAz.AmericaCY mmmmm 2,87 23,25 29,87 — —Interf.Eq. USAH mmmmm -3,52 6,20 — 14,97 11,07Interf.Eq.USA mmmmm 2,38 24,66 — 19,79 16,66Interf.Equity Usa Adv mmmmm 4,37 23,82 — 17,71 11,33InvestitoriAmerica mmmmm 3,27 23,36 25,89 16,72 14,69PioneerAz. Am. A mmmmm 2,30 25,68 29,13 18,95 14,51PioneerAz. Am. B mmmmm 2,19 25,29 — — —Symp. Azionario Usa mmmmm 2,04 16,21 — 20,03 13,01UBIPra. Azioni Usa mmmmm 3,11 20,45 29,84 16,69 13,19msci northamerica 3,45 29,13 — 20,23 17,60pacifico 6,82 16,52 — 9,16 6,07AcomeAAsia Pac. A2 mmmmm 2,08 11,54 9,99 16,51 —AcomeAAsia Pacifico A1 mmmmm 2,26 10,65 9,99 15,46 7,51AllianzAzioniPacifico mmmmm 7,41 12,74 18,51 8,48 5,80Alto PacificoAz. mmmmm 6,04 11,17 14,16 8,56 5,09AnimaGeo Asia A# mmmmm 6,83 14,42 18,50 8,49 5,69AnimaGeo Asia Y# mmmmm 6,96 16,14 18,50 10,12 7,22ANM Anima PacificoA mmmmm 6,94 15,17 18,50 9,43 6,93ANM Anima PacificoF mmmmm 7,03 16,44 18,50 — —ArcaAzioniFar East mmmmm 6,53 14,63 17,02 8,60 6,51EurizonAz.Asia Nuove Eco. mmmmm 8,59 23,91 25,68 8,35 6,59EurizonAz.Pacifico mmmmm 6,47 15,28 17,32 8,49 5,35FMS- Equity Asia# mmmmm 5,85 14,47 14,96 10,27 6,29FonderselOriente# mmmmm 7,64 20,53 23,89 6,62 6,48FonditEq Pacifex JapanR mmmmm 6,18 13,06 — 6,13 3,69FonditEq Pacifex JapanT mmmmm 6,24 13,80 — 6,82 4,34Fonditalia Eq.JapanR mmmmm 5,25 7,83 — 9,57 5,82Fonditalia Eq.JapanT mmmmm 5,30 8,55 — 10,27 6,48GestnordAz.Pacifico A mmmmm 6,39 14,64 18,49 8,15 5,97GestnordAz.Pacifico CY mmmmm 6,46 15,65 18,49 — —Interf.Eq. JapanH mmmmm -1,58 4,87 — 19,85 7,41Interf.Eq. Pacif. exJapan mmmmm 5,74 13,90 — 7,56 6,08Interf.Eq. Pacif. exJapan H mmmmm -0,09 1,30 — 7,36 1,85Interf.Equity Japan mmmmm 5,30 8,68 — 9,04 6,13InvestitoriFar East mmmmm 4,76 11,37 12,82 9,34 5,87PioneerAz. Area PacifA mmmmm 5,24 12,08 19,49 6,99 2,24PioneerAz. Area PacifB mmmmm 5,21 11,78 — — —UBIPra. Azioni Pacifico mmmmm 6,76 17,69 17,31 10,52 8,48msci pacific free 6,24 14,96 — 11,92 9,04paesiemergenti 7,48 15,97 — 3,23 3,33AcomeAPaesi Em. A1 mmmmm 5,14 2,26 22,72 3,12 3,57AcomeAPaesi Em. A2 mmmmm 5,23 3,36 22,72 4,14 —AllianzAzPaesi Emer mmmmm 8,20 20,27 17,59 6,65 5,74AnimaGeo PaesiEm. A# mmmmm 8,78 11,68 17,58 1,34 1,72AnimaGeo PaesiEm. Y# mmmmm 8,93 13,35 17,58 2,86 3,20ANM Anima EmergentiA mmmmm 8,38 12,12 17,58 1,31 3,13ANM Anima EmergentiF mmmmm 8,46 13,36 17,58 — —ArcaAzioniPaesi Emerg. mmmmm 7,29 16,19 17,57 2,93 3,20BnlAzioniEmerg. mmmmm 7,42 13,51 18,47 2,65 2,60EurizonAz.PaesiEmer mmmmm 6,94 14,89 17,56 2,75 2,27FMS- Equity GlEm Mkt# mmmmm 8,09 16,60 18,51 4,01 3,87FMS- Equity NewWorld# mmmmm 10,97 32,64 31,45 8,23 4,92FonditEq Glb EmMkt R mmmmm 6,85 16,91 — 4,06 4,25FonditEq Glb EmMkt T mmmmm 6,92 17,78 — 4,84 4,99

datial 20.01.2015 ratingcfs var.% var.% var.% rend. rend.fondo a a 1anno 3 5

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GestnordAz.PaesiEm A mmmmm 7,10 17,94 17,57 3,19 2,98GestnordAz.PaesiEm CY mmmmm 7,18 18,81 17,57 — —Interf.Eq. GlbEm Mkt mmmmm 7,00 17,42 — 4,32 1,60PioneerAz. PaesiEm. A mmmmm 8,68 17,50 18,51 3,57 2,59PioneerAz. PaesiEm. B mmmmm 8,80 17,73 — — —Symp. MultEmerFle# mmmmm 5,47 14,75 — 2,75 3,47UBIPra. Az. Merc. Emerg. mmmmm 6,69 16,90 17,56 3,68 4,87msci emerging markets f. 7,60 18,50 — 5,04 5,75paese — — — — —FoiEqBrazil R mmmmm 3,33 0,41 — -12,97 —FoiEqBrazil T mmmmm 3,40 1,18 — -12,37 —FoiEqChina R mmmmm 9,37 25,04 — 8,64 —FoiEqChina T mmmmm 9,44 25,99 — 9,35 —FoiEqIndia R mmmmm 14,94 55,80 — 14,64 —FoiEqIndia T mmmmm 15,01 56,74 — 15,38 —msci world 4,10 21,53 — 17,48 14,03internazionali 3,72 16,93 — 14,88 10,13AcomeAGlobale A1 mmmmm 1,84 6,53 8,87 14,16 7,91AcomeAGlobale A2 mmmmm 1,96 7,61 8,87 15,31 —AllianzMulti90# mmmmm 3,61 14,93 19,28 12,60 8,85Alto InternazionaleAz. mmmmm 3,35 3,07 21,08 6,94 5,58Anfiteatro GlobalEquity mmmmm — — — — —AnimaGeo Globale A mmmmm 3,16 15,63 20,41 15,81 11,97AnimaGeo Globale Y mmmmm 3,29 17,36 20,41 17,55 13,60ANM Anima ValoreGlob. A mmmmm 3,22 17,32 20,41 16,77 11,96ANM Anima ValoreGlob. F mmmmm 3,31 18,29 20,41 — —ArcaAz. Internazionali mmmmm 4,09 17,74 — 14,55 11,22BancoPostaAz. Internaz. mmmmm 5,11 14,81 21,49 14,31 11,68Capital Italia mmmmm 3,46 15,85 — 14,56 10,85ConsultinvestGlobal A1 mmmmm 3,83 10,58 — — —ConsultinvestGlobal A2 mmmmm 3,84 11,68 — 10,11 6,26ConsultinvestGlobal IY mmmmm 4,00 12,45 — — —EticaAzionario IEY mmmmm 5,21 21,32 19,30 — —EticaazionarioE mmmmm 5,13 20,30 19,30 18,63 12,28EurizonAz.Internazionali mmmmm 3,40 17,78 20,39 15,77 10,65Euromob.Az. Internaz. mmmmm 3,14 13,75 — 11,35 7,49Fonditalia GlobalR mmmmm 2,83 9,23 — 10,62 8,23Fonditalia GlobalT mmmmm 2,89 9,95 — 11,34 8,91GestnordAzTrend Set mmmmm 2,15 13,04 20,40 12,69 8,94PioneerCIM GlobalEquity mmmmm 3,83 17,83 — 15,20 10,89SoprarnoEsse StockA mmmmm 3,27 10,40 15,66 18,76 12,24SoprarnoEsse StockBY mmmmm 3,32 10,47 — 19,30 12,76Star CollAz.Inter.A# mmmmm 4,69 12,35 15,68 — —Star CollAz.Inter.CY# mmmmm 4,79 13,34 15,68 — —Talento GlobalEquity# mmmmm 4,33 16,71 21,53 12,85 n.s.UBIPra. Azioni Globali mmmmm 3,99 20,81 20,39 16,34 12,30ZenitMc MegatrendCl.I mmmmm 2,76 3,02 — — —ZenitMc MegatrendCl.R mmmmm 2,63 1,49 6,33 9,47 2,80msci world 4,10 21,53 — 17,48 14,03salute — — — — —EurizonAzioniSalute mmmmm 6,60 36,11 37,56 25,21 15,53msci health care 7,18 39,80 — 28,83 20,93finanza — — — — —EurizonAz.Finanza mmmmm 0,12 9,67 14,96 15,90 7,76Fonditalia Eu Financials R mmmmm 1,45 -1,12 — 15,16 1,06Fonditalia Eu Financials T mmmmm 1,50 -0,39 — 16,02 1,81msci financials 1,76 15,77 — 18,86 10,79informatica — — — — —EurizonAz.Tecn.Avanz mmmmm 3,43 28,86 30,02 15,51 12,60msci inform.technology 3,24 33,17 — 20,53 16,74altrisettori — — — — —FMS- Eq.Glob.Resources# mmmmm 0,36 -5,52 -2,66 -5,26 -2,38Fonditalia Eu Cyclicals R mmmmm 5,04 -4,52 — 9,36 6,70Fonditalia Eu Cyclicals T mmmmm 5,12 -3,79 — 10,18 7,47Fonditalia Eu Defensive R mmmmm 3,99 5,63 — 11,28 5,27Fonditalia Eu Defensive T mmmmm 4,06 6,43 — 12,11 6,03Fonditalia FlexEm. MktsT mmmmm 1,13 3,79 — 2,90 2,42Fonditalia FlexEm.Mkts R mmmmm 1,02 3,21 — 2,34 1,88Fonditalia GlobIncome R mmmmm 3,56 7,69 — 2,94 0,17Fonditalia GlobIncome T mmmmm 3,61 8,18 — 3,52 0,79Inter.Int.Sec.NewEc mmmmm 3,42 30,79 — 21,79 16,87msci world 4,10 21,53 — 17,48 14,03

altrespecializzazioni — — — — —EurizonAz.Int. EticoE mmmmm 3,63 19,38 21,92 16,05 10,28FonditEq.Gl.High Div. S mmmmm 3,54 14,14 — — —msci world 4,10 21,53 — 17,48 14,03bilanciatibil.azionari — — — — —AnimaForza 5 A# mmmmm 2,81 11,52 16,70 10,37 7,93AnimaForza 5 B# mmmmm 2,83 11,46 16,70 10,35 7,92AnimaForza 5 Y# mmmmm 2,92 12,50 16,70 11,34 8,86ANM Anima Cap.Più70 F# mmmmm 3,11 13,58 17,68 n.s. n.s.ANM Anima Cap.Più70 N# mmmmm 2,98 11,94 17,68 n.s. n.s.ANM Anima CapiPiù 70 A# mmmmm 2,99 12,04 17,68 n.s. n.s.Fonditalia Core3 R mmmmm 2,69 5,53 — 7,00 4,52Fonditalia Core3 T mmmmm 2,75 6,21 — 7,70 5,18IGMFdF Bilanciato Az. Cl.A# mmmmm 1,96 8,04 — 10,49 6,72IGMFdF Bilanciato Az. Cl.B# mmmmm 1,97 8,59 — 11,24 7,41UBIPra. Port. Aggressivo mmmmm 4,10 12,98 12,96 11,65 7,2470%msciworld&30%jpm emu 3,38 19,02 — 15,14 11,87bilanciati 3,08 9,54 — 9,27 5,67AllianzMulti50# mmmmm 2,60 12,31 17,34 9,49 6,68Alto Bilanciato mmmmm 5,32 5,97 19,89 4,00 3,99AnimaForza 4 A# mmmmm 2,42 10,38 15,30 9,53 7,24AnimaForza 4 B# mmmmm 2,42 10,40 15,30 9,53 —AnimaForza 4 Y# mmmmm 2,47 11,11 15,30 10,26 7,96AnimaProg.Europa 21Ced mmmmm — — — — —ArcaBB mmmmm 3,11 7,72 9,66 10,46 6,05BancoPostaMix2 mmmmm 2,72 6,06 8,26 7,87 5,47Consult Bilanciato A2 mmmmm 3,34 9,02 — 8,30 4,63ConsultinvestBil A1 mmmmm 3,33 8,56 — — —EticaBilanciato IEY mmmmm 4,12 16,96 17,61 — —EticabilanciatoE mmmmm 4,05 15,95 17,61 13,56 9,56EurizonBil.Euro Multi.# mmmmm 3,68 8,96 10,98 10,93 6,28EurizonSoluzione 40 mmmmm 2,56 11,99 14,46 9,74 6,01EurizonSoluzione 60 mmmmm 3,12 12,27 15,92 10,27 6,34Euromob.Bilanciato mmmmm 2,47 7,96 9,77 8,79 5,89Fideuram Bilanciato mmmmm 2,42 3,57 5,61 7,81 n.s.FMS- BalancedI# mmmmm 3,07 — — — —Fondersel mmmmm 3,03 7,19 15,20 7,18 4,52Fonditalia Core2 R mmmmm 2,07 5,00 — 6,05 3,95Fonditalia Core2 T mmmmm 2,13 5,63 — 6,68 4,55GestnordBil.Euro A mmmmm 2,23 6,37 9,58 9,01 3,30GestnordBil.Euro CY mmmmm 2,31 7,30 9,58 — —Nextam Part.Bilanciato mmmmm 3,32 9,42 — 9,36 3,83Star CollBil.PaesiEmA# mmmmm 5,29 12,16 15,70 — —Star CollBil.PaesiEmCY# mmmmm 5,37 13,13 15,70 — —UBIPra. Europe Multifund mmmmm 3,02 8,60 — — —UBIPra. Gl. Multif.50 mmmmm 3,50 10,43 11,96 10,08 6,22UBIPra. Port. Dinamico mmmmm 4,29 12,01 12,69 7,99 5,8850%msciworld&50%jpm emu 2,90 17,35 — 13,53 10,34bil.obbligazionari 2,63 6,63 — 6,21 3,83AllianzMulti20# mmmmm 1,84 10,32 14,70 8,04 5,60AmundiObbligaz. Br.Ter. D mmmmm 0,60 — — — —AmundiOriz 20PeM Imprese mmmmm 3,63 — — — —AmundiOriz.20 Italia mmmmm 2,26 — — — —AmundiOriz.20 SilverAge mmmmm 3,78 12,45 — — —AmundiOriz.2020 Alpha It mmmmm 2,48 — — — —AmundiOrizzonte 20 Glob. mmmmm 2,52 — — — —AnimaCed. Al.Pot.2021 mmmmm 1,19 — — — —AnimaCed.Al.Pot.2021 II mmmmm 0,86 — — — —AnimaCed.Al.Pot.2021 III mmmmm -0,08 — — — —AnimaCed.Al.Pot.2022 I mmmmm — — — — —AnimaForza 3 A# mmmmm 1,48 6,96 11,67 6,00 4,57AnimaForza 3 B# mmmmm 1,50 6,96 11,67 6,00 4,57AnimaForza 3 Y# mmmmm 1,55 7,54 11,67 6,61 5,14AnimaProg.Europa 22 Ced mmmmm — — — — —ANM Anima Cap.Più30 N# mmmmm 1,56 4,45 8,36 — —ANM Anima Cap.Più15A# mmmmm 1,03 3,59 7,03 5,56 2,75ANM Anima Cap.Più15F# mmmmm 1,09 4,57 7,03 — —ANM Anima Cap.Più30 A# mmmmm 1,58 4,55 8,36 7,11 3,38ANM Anima Cap.Più30 F# mmmmm 1,65 5,62 8,36 — —ANM Anima VisconteoA mmmmm 2,53 6,52 9,42 7,49 4,70ANM Anima VisconteoF mmmmm 2,59 7,21 9,42 — —







ArcaTE mmmmm 3,32 12,39 14,34 7,75 6,05BancoPostaMix Giugno2020 mmmmm — — — — —Fonditalia Core1 R mmmmm 1,15 3,69 — 5,16 3,14Fonditalia Core1 T mmmmm 1,20 4,20 — 5,68 3,64UBIPra. B. EuroRis. Cont. mmmmm 1,36 0,67 2,62 3,52 1,57UBIPra. Glob. Multiasset mmmmm 2,52 — — — —UBIPra. Multiasset IT mmmmm 2,15 — — — —UBIPra. Port. Moderato mmmmm 3,50 9,39 10,71 5,09 4,2130%msciworld&70%jpm emu 2,43 15,68 — 11,88 8,71obbligazionariob.eurogovernativi b.t. 0,22 0,99 — 2,27 1,53AcomeABreve Term.A1 mmmmm -0,39 0,06 1,52 7,75 4,48AcomeABreve Term.A2 mmmmm -0,36 0,36 1,52 8,15 —Alto EuroGovernativo B/T mmmmm 0,20 2,03 1,32 3,08 2,11AmundiObbligaz. Br.Ter. C mmmmm 0,57 4,22 2,72 4,53 2,60AnimaFix EuroA mmmmm 0,07 -0,02 0,49 0,67 0,51AnimaFix EuroI mmmmm 0,09 0,20 0,49 0,90 0,73AnimaFix EuroYY mmmmm 0,09 0,20 0,49 0,90 0,79AnimaFix Obbl. BT A mmmmm 0,30 0,99 1,27 2,05 1,26AnimaFix Obbl. BT Y mmmmm 0,34 1,44 1,27 2,50 1,70ANM Anima SalvadanaioA mmmmm 0,14 0,69 0,96 1,68 0,13ANM Anima SalvadanaioF mmmmm 0,17 1,09 0,96 — —ArcaMM BondEuroSh. T. mmmmm 0,46 3,45 4,05 5,38 3,92BancoPostaObbl. EuroBT mmmmm 0,09 0,41 1,11 1,66 1,55BancoPostaReplay12 mesi mmmmm — — — — —ConsultinvestBreve Term mmmmm 0,38 2,52 — 3,30 2,22Eticaobb.breve term.E mmmmm 0,26 0,79 1,38 1,45 1,22EticaObbl. BreveT. IEY mmmmm 0,29 1,10 1,38 — —EurizonObbl. EuroBT A mmmmm 0,29 1,02 1,22 2,31 —EurizonObbl. EuroBT D mmmmm 0,29 1,02 1,22 2,31 1,50Euromob.EuroAggregate mmmmm 0,29 1,77 1,86 2,29 1,55Fideuram Risparmio mmmmm 0,03 -0,12 0,59 0,46 0,36FondacoEuro CashBY mmmmm 0,17 1,15 — — —FondacoEuro CashY mmmmm 0,17 1,14 — 1,73 1,37FonderselReddito mmmmm 0,26 1,48 1,52 3,10 2,53FonditEur BondDefe. S mmmmm 0,09 0,40 — — —FonditEur BondDefen R mmmmm 0,21 0,89 — 1,84 1,68FonditEuro BondDefen T mmmmm 0,24 1,23 — 2,19 2,02Fonditalia Eu CurrencyR mmmmm 0,06 -0,05 — 0,61 0,59Fonditalia Eu CurrencyT mmmmm 0,09 0,26 — 0,91 0,88GestielleBT Cedola Cl.A mmmmm 0,11 0,89 1,15 2,90 1,42GestielleBT Cedola Cl.BY mmmmm 0,14 -1,22 — -0,09 —GIFocus Euro Gov. BT mmmmm 0,28 1,69 0,98 2,36 1,76Interf.Euro Currency mmmmm 0,09 0,27 — 0,83 0,78MalatestaBreveTermine mmmmm 0,26 0,91 1,11 2,04 1,53MediolanumRisp DinamL mmmmm 0,34 2,07 — 3,47 n.s.MediolanumRisp DinamLA mmmmm 0,34 — — — —NordfondoObbl. B.TA mmmmm 0,18 1,14 0,88 2,13 1,29NordfondoObbl. B.TB mmmmm 0,18 2,17 0,88 — —NordfondoObbl. B.TCY mmmmm 0,21 1,41 0,88 — —Passadore BreveTermine mmmmm 0,26 0,92 1,11 2,07 1,52Pion.Eur Gov BT (ex Mon.)A mmmmm 0,07 -0,22 1,11 1,34 1,33Pion.Eur Gov BT (ex Mon.)B mmmmm 0,06 -0,33 — — —SoprarnoPronti Termine AY mmmmm — — — — —SoprarnoPronti Termine B mmmmm 0,16 1,07 0,59 3,14 2,31Symp. ObbBreveTerm mmmmm 0,15 1,11 — 2,51 1,75Symp. ObbRendita mmmmm 0,19 1,14 — n.s. n.s.TeodoricoBreveTermine mmmmm 0,26 1,21 1,11 2,30 1,74UBIPra. Euro BT mmmmm 0,34 1,13 1,52 2,45 1,31ZenitMc BreveTer Cl.I mmmmm 0,74 2,75 — 3,16 1,93ZenitMc BreveTer Cl.R mmmmm 0,68 2,34 1,22 2,76 1,57jpmgbi emu 1-3yr 0,22 1,64 — 2,56 1,81ob.eurogovernativi m/l t 1,28 8,60 — 6,86 4,25AcomeAEurobb. A1 mmmmm -0,19 1,16 12,89 10,89 5,81AcomeAEurobb. A2 mmmmm -0,16 1,57 12,89 11,32 —Agora Income mmmmm -0,24 -0,29 5,27 1,33 —AllianzRedditoEuro mmmmm 1,44 10,65 10,78 7,00 5,07AnimaFix Obbl. MLT A mmmmm 1,53 10,21 11,30 8,10 4,29AnimaFix Obbl. MLT Y mmmmm 1,58 10,86 11,30 8,71 4,89ANM ANIMACap. PiùOb. N# mmmmm 0,97 4,27 6,91 — —ANM Anima Obbl.EuroA mmmmm 0,87 5,01 5,92 5,01 1,78ANM Anima Obbl.EuroF mmmmm 0,91 7,73 5,92 — —ANM Capitale PiùObbl. A# mmmmm 0,97 4,37 6,91 4,25 2,29ANM Capitale PiùObbl. F# mmmmm 1,03 5,16 6,91 — —ArcaRRBond Euro mmmmm 1,14 8,60 10,24 7,56 5,12

AzimutRedditoEuro mmmmm 0,02 2,14 — 4,77 2,29BancoPostaObbl. EuroML/t mmmmm 0,95 6,09 8,21 5,61 4,40EpsilonQincome mmmmm 0,56 9,43 13,16 9,14 5,16EurizonObbl. Euro mmmmm 1,75 10,12 10,55 8,72 5,22Euromob.Reddito mmmmm 1,50 9,85 11,60 7,57 4,68Fideuram Rendimento mmmmm 1,11 7,33 10,86 7,57 3,39FondacoEurogov Beta BY mmmmm 1,82 13,44 — 6,16 —FondacoEurogov BetaY mmmmm 1,82 13,42 — 8,89 6,14FonderselEuro mmmmm 1,06 8,03 12,89 7,28 5,01FonditEur BdLng TermS mmmmm 3,38 24,90 — — —Fonditalia Eu B.LongT R mmmmm 4,04 28,11 — 15,33 9,54Fonditalia Eu B.LongT T mmmmm 4,08 28,62 — 15,79 9,96Fonditalia EuroBondR mmmmm 0,89 6,79 — 6,50 4,77Fonditalia EuroBondS mmmmm 0,58 5,48 — — —Fonditalia EuroBondT mmmmm 0,92 7,21 — 6,92 5,17GestielleMT EuroCl.A mmmmm 0,44 4,73 5,77 5,67 2,38GestielleMT EuroCl.B mmmmm 0,50 5,41 — 6,33 2,93Interf.Euro BondLongT mmmmm 4,07 28,52 — 15,76 10,17Interf.Euro BondMed. T mmmmm 1,33 12,92 — 8,93 6,37Interf.Euro Short Term1-3 mmmmm 0,23 1,04 — 1,71 1,56Interf.Euro Short Term3-5 mmmmm 0,47 4,50 — 4,29 3,49MalatestaObblig. Euro mmmmm 1,16 6,64 6,71 5,53 3,47NordfondoOb.EuroM.T. A mmmmm 0,78 5,74 8,95 5,06 2,50NordfondoOb.EuroM.T. CY mmmmm 0,82 6,21 8,95 — —PioneerEu Gov MT Dis A mmmmm 1,74 11,07 13,17 — —PioneerEu Gov MT Dis B mmmmm 1,79 10,95 — — —PioneerObb.Euro Distr B mmmmm 1,47 9,03 — — —RasLux B. Europe mmmmm — — — — —Symp. Obblig.Euro mmmmm 0,76 6,76 — 5,92 4,20UBIPra. Euro M/L Term. mmmmm 1,51 9,26 10,78 6,28 3,82mlemu direct government 1,15 12,24 — 8,79 6,12ob.eurocorp.invest.grade. 0,56 5,01 — 6,75 4,23AmundiCorporate 3 anniY mmmmm -1,12 -1,34 — 1,49 -0,77AnimaFix Imprese A mmmmm 0,51 5,10 6,26 9,61 5,18AnimaFix Imprese Y mmmmm 0,57 5,79 6,26 10,33 5,85ANM Anima Obb.Corp.A mmmmm 0,70 6,45 6,26 10,32 4,65ANM Anima Obb.Corp.AD mmmmm 0,68 — — — —ANM Anima Obb.Corp.F mmmmm 0,74 9,13 6,26 — —ArcaBondCorporate mmmmm 0,78 6,29 7,69 7,55 5,46BancopostaCorp. 2014 mmmmm 0,00 0,42 — 3,26 —EurizonObbl. EuroCorp. mmmmm 0,52 5,04 6,34 6,46 4,00EurizonObbl. EuroCorp. BT mmmmm 0,15 1,03 2,01 3,30 2,42FoiEu Corp BndS mmmmm 0,09 4,41 — 3,47 —Fonditalia Eu CorpBnd R mmmmm 0,64 6,74 — 6,13 4,08Fonditalia Eu CorpBnd T mmmmm 0,67 7,16 — 6,55 4,48Interf.Euro CorporateBd mmmmm 0,68 7,24 — 6,60 4,18NordfondoOb.EuroCorp A mmmmm 0,69 7,16 8,53 7,72 5,22NordfondoOb.EuroCorp CY mmmmm 0,74 7,69 8,53 — —PioneerOb Eu Co EtDis AE mmmmm 0,56 6,01 7,14 7,43 5,13PioneerOb Eu Co EtDis BE mmmmm 0,54 5,84 — — —Symp. Obb.Corp. mmmmm 0,61 5,11 — 6,60 4,40UBIPra. Euro Corp. mmmmm 0,52 4,82 7,73 7,01 4,34lehman euroaggr.corporate 0,69 7,83 — 7,71 5,78ob.eurohigh yield — — — — —AnimaFix High Yeld Y mmmmm 1,02 2,84 4,96 11,87 7,76AnimaFix High YieldA mmmmm 0,93 1,81 4,96 10,75 6,72ANM Anima Ob HiYieldA mmmmm 0,93 1,28 4,96 5,18 1,62ANM Anima Ob HiYieldAD mmmmm 0,93 1,29 4,96 — —ANM Anima Ob HiYieldF mmmmm 1,02 2,48 4,96 — —EurizonObbl. EuroHY mmmmm 0,69 5,26 4,51 9,45 6,40FoiBndGl. High YieldTY mmmmm 0,22 0,21 — 7,16 4,77FoiBondGl.High YieldS mmmmm -1,00 -5,05 — — —FoiBondGlobHighYield R mmmmm 0,14 -0,58 — 6,36 4,18IfuBondGl. High Yield mmmmm -0,26 -0,67 — 6,77 4,62UBIPra. Gl.High Yld EuroH mmmmm 0,46 — — — —mleuro high yield 0,42 4,68 — 12,50 9,68ob.dollarogovernativi b.t. — — — — —AnimaRiserva DollaroA mmmmm 6,14 — 17,23 — —AnimaRiserva DollaroF mmmmm 6,20 — — — —AnimaRiserva DollaroI mmmmm 6,18 — — — —EurizonBr.Ter.Dollaro mmmmm 5,96 16,53 17,28 3,28 3,58EurizonBr.Ter.Dollaro$ mmmmm 6,04 16,49 17,28 3,21 3,60Euromob.Conservativo mmmmm 0,15 0,99 0,60 1,60 1,03jpmgbi us 1-3y 4,48 16,23 — 3,73 4,79ob.dollarogovernativi m/l t. — — — — —







AzimutRedditoUsa mmmmm 6,46 17,25 — 4,52 4,69FoiBondUS Plus R mmmmm 7,86 22,47 — 6,15 7,41FoiBondUs PlusS mmmmm 7,35 20,04 — — —FoiBondUs PlusTY mmmmm 7,92 23,32 — 6,88 8,05FonditBondUS PlusRH mmmmm 1,92 4,82 — — —FonditBondUS PlusTH mmmmm 1,98 5,57 — — —IfuBondUS Plus mmmmm 8,00 23,13 — 6,44 7,36InterfundBond UsPlus HY mmmmm — — — — —NordfondoObbl. Dollari A mmmmm 7,57 21,81 24,44 4,74 6,34NordfondoObbl. Dollari CY mmmmm 7,62 22,41 24,44 — —lehman us treasury 7,47 21,39 — 5,18 7,15ob.dollarocorp.invest.grade — — — — —PioneerOb CoAm Dis A mmmmm 7,21 22,08 26,62 — —PioneerOb CoAm Dis B mmmmm 7,19 23,21 — — —mlus corp.fin. & inv. 5,48 18,89 — 5,33 5,89ob.int. governativi 5,98 15,10 — 3,32 4,34AllianzRedditoGlob mmmmm 5,57 15,02 17,31 1,63 4,23Alto Internazion.Obbl. mmmmm 5,79 11,06 17,86 2,12 4,37AnimaFix Obbl. Glob A mmmmm 7,18 19,12 16,93 3,10 4,73AnimaFix Obbl. Glob Y mmmmm 7,26 20,08 16,93 3,91 5,54ANM Anima PianetaA mmmmm 6,89 18,33 16,93 3,30 5,16ANM Anima PianetaF mmmmm 6,94 18,88 16,93 — —ArcaBondG. mmmmm 6,07 14,39 15,21 3,37 n.s.EurizonObbl. Internaz. mmmmm 5,32 13,90 14,23 2,99 4,83FondacoWorld G ABNoEBY mmmmm 6,76 15,95 — 1,06 —FondacoWorld G ABNoEI mmmmm 6,76 15,89 — 2,96 —Fondersel Int.# mmmmm 5,96 16,24 17,31 4,81 5,17GestielleObbl. Intern. Cl.A mmmmm 4,82 12,41 16,02 1,55 3,23GestielleObbl. Intern. Cl.B mmmmm 4,90 13,42 — 2,46 4,13UBIPra. Obb. Globali mmmmm 5,19 14,10 16,25 2,84 4,52jpmgbi global all.mat. 4,45 15,70 — 2,51 5,85ob.int. corp.invest.gr. — — — — —UBIPra. Obb. Glob.Corp. mmmmm 1,82 7,80 8,06 6,00 5,62lehman aggregate corporate 0,69 7,83 — 7,71 5,78ob.int. highyield — — — — —FonditBondHY Short R mmmmm 0,13 — — — —FonditBondHY Short S mmmmm -0,91 — — — —FonditBondHY Short T mmmmm 0,17 — — — —PioneerObb GloHY Dis A mmmmm 5,80 14,02 15,85 — —PioneerObb GloHY Dis B mmmmm 5,93 13,88 — — —UBIPra. Obb. Gl.Alto Ren. mmmmm -0,03 -0,14 0,96 5,87 6,70mlglobal high yield 0,24 1,17 — 8,37 8,54ob.yen — — — — —Interf.BondJapan mmmmm 8,36 7,38 — -8,05 0,34jpmgbi japan all.mat. 6,09 6,14 — -7,81 1,23ob.paesi emergenti 1,31 5,98 — 4,62 5,42ANM Anima Obb.Emerg A mmmmm 0,41 0,46 5,99 2,46 3,93ANM Anima Obb.Emerg AD mmmmm 0,41 — — — —ANM Anima Obb.Emerg F mmmmm 0,47 0,99 5,99 — —ArcaBoPaesi Em Val.Loc mmmmm 6,74 13,92 15,52 2,94 —ArcaBondPaesi Em. mmmmm 0,57 4,59 6,42 4,49 5,18Bnl Obbl Emergenti mmmmm 4,85 17,78 24,90 7,04 8,36EurizonObbl. Emergenti mmmmm 0,62 3,17 5,10 3,29 4,32FonditBnd Glb EmMkt R mmmmm 0,20 5,16 — 4,53 5,52FonditBnd Glb EmMkt SY mmmmm -0,53 2,11 — — —FonditBnd Glb EmMkt T mmmmm 0,23 5,48 — 4,84 5,82FonditEm.Mkt.Loc.Cur. R mmmmm 6,22 10,26 — — —FonditEm.Mkt.Loc.Cur. RH mmmmm 0,26 -5,92 — — —FonditEm.Mkt.Loc.Cur. S mmmmm 5,09 6,05 — — —FonditEm.Mkt.Loc.Cur. T mmmmm 6,28 10,96 — — —FonditEm.Mkt.Loc.Cur. TH mmmmm 0,36 — — — —GestielleEm Mkts BoCl.A mmmmm 0,12 4,66 6,82 4,81 5,30GestielleEm Mkts BoCl.B mmmmm 0,21 5,72 — 5,89 6,34Interf.BondGlb Em Mkt mmmmm 0,22 4,94 — 4,12 5,33Interf.Em.Mkt Loc.Cur HY mmmmm 0,25 -4,42 — — —Interf.Em.Mkt Loc.Curr mmmmm 6,27 12,05 — 1,09 —NordfondoOb.Paesi Em A mmmmm 5,06 18,16 16,59 9,34 8,50NordfondoOb.Paesi Em B mmmmm 5,05 — — — —NordfondoOb.Paesi Em CY mmmmm 5,11 18,82 16,59 — —PioneerOb Paesi Em Dis A mmmmm 1,38 7,98 12,94 6,32 7,45PioneerOb Paesi Em Dis B mmmmm 1,38 7,78 — — —jpmembi global diversified 6,42 24,93 — 10,01 11,71ob.altrespecializzazioni 1,03 4,67 — 5,40 3,64AmundiObbligaz. Ob.Ced. mmmmm 2,21 7,27 — 8,41 4,80AnimaFix Emergenti A# mmmmm 0,11 -0,59 5,99 1,64 3,20

AnimaFix Emergenti Y# mmmmm 0,20 0,32 5,99 2,64 4,18AnimaForza 1 A mmmmm 1,05 3,15 5,28 2,93 2,47AnimaForza 1 B mmmmm 1,06 3,15 5,28 2,93 2,48AnimaForza 1 Y mmmmm 1,09 3,51 5,28 3,26 2,82AnimaForza 2 A mmmmm 1,41 5,94 8,82 5,28 3,99AnimaForza 2 B mmmmm 1,39 5,92 8,82 5,28 3,99AnimaForza 2 Y mmmmm 1,44 6,34 8,82 5,67 4,38ANM Anima Riserva Emer.A mmmmm 4,56 9,29 7,93 — —ANM Anima Riserva Emer.F mmmmm 4,50 9,66 7,93 — —ANM Anima Riserva Glob.A mmmmm 2,53 4,74 3,12 — —ANM Anima Riserva Glob.F mmmmm 2,58 5,01 3,12 — —AureoCedola I -2016 mmmmm 0,48 3,95 — — —AureoCedola II - 2017 mmmmm 0,61 6,32 — — —AzimutTrendTassi mmmmm 1,05 2,38 — 5,47 2,80BancoPostaObb.Sett. 2016 mmmmm — — — — —BancoPostaObbl Dic 2017 mmmmm 0,41 4,13 — — —BancoPostaObbl. Ott17 mmmmm 0,43 1,45 — 2,02 —BCCCed. Att. Dicembre18 mmmmm 0,86 — — — —BCCCed. Att. Marzo 19 mmmmm 0,79 — — — —BCCCed. Dicembre18 mmmmm 0,82 — — — —BCCCed. Marzo19 mmmmm 0,79 — — — —BCCCed. Piu'Dicembre19 mmmmm — — — — —BCCCed.Att. Dicembre19 mmmmm — — — — —BCCCed.Att. Settembre19 mmmmm 0,63 — — — —BCCCed.Più Settembre19 mmmmm 1,41 — — — —BCCCed.Reale Dicembre19 mmmmm — — — — —BCCCed.Reale Settemb.19 mmmmm 0,86 — — — —BCCCedola III Op- 2017 mmmmm 0,96 3,06 — — —BCCCedola IV -2018 mmmmm 0,90 6,64 — — —BCCCedola IV Op-2018 mmmmm 1,14 3,96 — — —BCCCedola V -2018 mmmmm 0,88 8,03 — — —BCCCedola V Op-2018 mmmmm 1,02 4,61 — — —BnlObbl. Globali mmmmm 6,17 15,44 17,65 8,61 5,88EurizonObbl. CedolaA mmmmm 0,50 2,38 2,81 4,08 —EurizonObbl. CedolaD mmmmm 0,51 2,38 2,81 2,67 1,44EurizonObbl. EticoE mmmmm 1,02 8,29 8,57 7,48 5,54FoiCore BondR mmmmm 1,93 5,57 — 3,96 —FoiCore BondT mmmmm 1,96 5,99 — 4,37 —FoiEu YieldPl S mmmmm 0,25 1,41 — 0,75 —FonderselSh. Term Asset mmmmm 0,05 0,46 — — —FonditCore BondS mmmmm 1,45 3,62 — — —Fonditalia Eu YieldPl R mmmmm 0,47 2,31 — 1,82 n.s.Fonditalia Eu YieldPl T mmmmm 0,50 2,64 — 2,18 n.s.Fonditalia GlobConv. R mmmmm 0,32 0,39 — — —Fonditalia GlobConv. S mmmmm -0,18 -1,55 — — —Fonditalia GlobConv. T mmmmm 0,37 1,04 — — —Fonditalia InflatLinked R mmmmm 3,01 10,21 — 3,19 4,31Fonditalia InflatLinked T mmmmm 3,04 10,65 — 3,60 4,71GestielleObbl. Corp. A mmmmm 0,55 4,33 5,13 10,25 6,70GestielleObbl. Corp. B mmmmm 0,63 5,21 — 11,17 7,13Interf. InflationLinked mmmmm 3,07 10,70 — 3,83 5,12InterfundGlob.Convert mmmmm 0,37 0,84 — 7,27 —NordfondoObbl. Conv.A mmmmm 2,19 1,70 3,90 7,16 3,02NordfondoObbl. Conv.CY mmmmm 2,25 2,58 3,90 — —PioneerCIM EuroFixIncome mmmmm 1,46 8,80 — 7,64 5,84PioneerObb.Euro Distr A mmmmm 1,48 9,19 10,82 7,57 5,54RasLux Short T. Dollar mmmmm — — — — —RasLux Short T. Eur. mmmmm — — — — —Star CollOb Inter. A# mmmmm 5,63 17,49 17,17 — —Star CollOb Inter. CY# mmmmm 5,67 18,05 17,17 — —Star CollOb M/L TerA# mmmmm 1,10 8,12 11,17 — —Star CollOb M/L TerCY# mmmmm 1,17 8,69 11,17 — —UBIPra. Obb. Dollari mmmmm 7,90 23,48 25,43 6,73 8,17jpmglobal 6,40 17,86 — 3,14 6,25ob.misti 1,98 7,08 — 7,49 4,23AcomeAPerform. A1 mmmmm 3,15 4,95 8,22 10,22 5,15AcomeAPerform. A2 mmmmm 3,21 5,52 8,22 10,77 —AlleanzaObbligaz. mmmmm 1,78 4,67 12,87 7,15 2,22AnimaTr. 18 It.Al.Pot.II mmmmm 0,21 3,29 — — —AnimaTr. 21Globale mmmmm 0,80 — — — —AnimaTr.18 Eu.Al.Pot.II mmmmm 0,49 3,91 — — —AnimaTr.18 Eu.Al.Pot.III mmmmm 0,51 4,08 — — —AnimaTr.19 Cre.Sost. mmmmm 1,00 7,60 — — —AnimaTr.19 Cre.Sost. II mmmmm 1,06 7,84 — — —AnimaTrag 18 Alto Pot. mmmmm 0,65 4,27 — — —







AnimaTrag 18 Eu.Al.Pot. mmmmm 0,46 3,85 — — —AnimaTrag 18 It.Al.Pot. mmmmm 0,21 3,37 — — —AnimaTrag 2019 Glob mmmmm 0,40 4,54 — — —AnimaTrag 2019 Glob II mmmmm 0,49 — — — —AnimaTrag 2019 MultiAss mmmmm 0,69 5,75 — — —AnimaTrag Ced. America mmmmm 0,71 — — — —AnimaTrag Cedola Europa mmmmm 0,85 5,01 — — —AnimaTrag. 19 FlexII mmmmm 0,43 4,47 — — —AnimaTrag. 19 Plus mmmmm 0,72 4,71 — — —AnimaTrag. 19 PlusII mmmmm 0,73 4,86 — — —AnimaTrag. 2019 Flex mmmmm 0,44 4,60 — — —AnimaTrag. Crescita Ita mmmmm 1,26 — — — —AnimaTrag. Dinamico mmmmm 0,43 4,67 — — —ANM Anima Cap.Più15N# mmmmm 0,99 3,49 7,03 — —ANM Anima SforzescoA mmmmm 2,14 6,82 9,84 6,47 4,36ANM Anima SforzescoF mmmmm 2,20 7,67 9,84 — —ArcaObbligaz. Europa mmmmm 3,00 12,47 14,42 8,38 6,23BancoPostaMix1 mmmmm 1,92 6,60 8,07 6,40 4,58EticaObbl. MistoIEY mmmmm 1,75 9,61 10,68 — —EticaObbligaz. mistoE mmmmm 1,69 8,97 10,68 6,23 4,94EurizonDiversEticoE mmmmm 0,95 4,63 5,64 5,82 3,99EurizonRenditaA mmmmm 0,38 1,66 1,12 3,52 —EurizonRenditaD mmmmm 0,39 1,68 1,12 3,00 1,80EurizonSoluzione 10 mmmmm 1,14 4,32 4,55 4,69 2,41GestielleCed.Multi Tar mmmmm 0,97 5,59 — — —GestielleCed.Multi Tar2 mmmmm 0,87 2,59 — — —GestielleCedola PiùIta mmmmm 1,40 0,79 — — —InvestimentiSostenibili C mmmmm — — — — —Nextam Part.Obbl. Misto mmmmm 1,47 9,43 — 9,53 5,72NordfondoEtico ObMistoE mmmmm 1,44 5,88 10,36 6,96 2,49PioneerOb. Piu' Dis A mmmmm 3,23 7,36 7,09 5,27 4,99PioneerOb. Piu' Dis B mmmmm 3,31 7,26 — — —Symp. Patrim. Redd. mmmmm 1,53 4,62 — 6,15 3,93UBIPra. Port. Prudente mmmmm 2,06 6,35 7,70 3,42 2,79Unicredit RedditoA# mmmmm 3,53 10,91 — — —Unicredit RedditoB# mmmmm 3,48 10,47 — — —ZenitMc Obbligaz. Cl.I mmmmm 1,86 3,79 — 5,09 3,13ZenitMc Obbligaz. Cl.R mmmmm 1,82 3,24 8,53 4,56 2,6080%jpm global&20%msci world 5,94 18,59 — 6,32 7,99ob.flessibili 0,97 3,36 — 5,31 3,26AllianzObbligaz. Flessibile mmmmm 1,05 2,71 — 2,70 1,87Alpi Bond mmmmm n.s. n.s. — n.s. n.s.Alto Eu Flessibile Obbl. mmmmm 0,54 -1,80 — 5,67 1,82AmundiDiv.Attiva 18 mmmmm 1,16 8,02 — — —AmundiDiv.Attiva 18 4 mmmmm 1,27 7,25 — — —AmundiDiv.Attiva 18 Due mmmmm 1,26 8,23 — — —AmundiDiv.Attiva 18 Tre mmmmm 1,16 7,41 — — —AmundiDiv.Attiva 19 mmmmm 1,30 6,06 — — —AmundiDiv.Attiva 20 mmmmm — — — — —AmundiMeta 19Prem. Due mmmmm 1,15 8,01 — — —AmundiMeta 2018 mmmmm 0,95 3,96 — — —AmundiMeta 2018 Due mmmmm 1,04 3,89 — — —AmundiMeta 2018 Premium mmmmm 1,17 5,00 — — —AmundiMeta 2018 Quattro mmmmm 1,02 5,59 — — —AmundiMeta 2018 TRE mmmmm 1,01 5,09 — — —AmundiMeta 2019 Premium mmmmm 1,30 5,39 — — —AmundiMeta Opp. 2017 mmmmm 0,77 — — — —AmundiMeta Plus 19AE Due mmmmm 2,16 7,60 — — —AmundiMeta Plus 19AE TRE mmmmm 1,73 8,58 — — —AmundiMeta Plus 19Mer Sv mmmmm 1,60 8,67 — — —AmundiMeta Plus 19Usa mmmmm 1,15 9,57 — — —AmundiMeta Plus 2019 AE mmmmm 2,12 7,68 — — —AmundiOriz.19 Ced eDiv mmmmm 2,35 6,07 — — —AmundiOriz.19 Ced eDiv 2 mmmmm 2,33 6,00 — — —AmundiTraguardo 3% mmmmm 0,68 2,73 — — —AnimaRend.Ass.Obbligaz. A mmmmm 2,97 5,04 — 3,96 n.s.AnimaRend.Ass.Obbligaz. Y mmmmm 3,02 5,69 — 4,53 n.s.AnimaRisparmio A mmmmm 0,24 — — — —AnimaTrag 2017 Ced4 II mmmmm 0,28 2,84 — — —ANM Anima Risparmio AD mmmmm 0,26 1,20 — 3,46 1,51ANM Anima Risparmio F mmmmm 0,26 1,24 — — —ANM Anima Tr.18 M.CedII mmmmm 0,34 4,55 — — —ANM Anima Trag 17Ced4 mmmmm 0,19 2,09 — — —ANM Anima Trag 17Ced4 3 mmmmm 0,28 3,50 — — —ANM Anima Trag 2016Ced3 mmmmm 0,10 -1,39 — 5,60 —

ANM Anima Trag 2017M.Ced mmmmm 0,31 3,42 — — —ANM Anima Trag 2018C.Sem mmmmm 0,39 4,71 — — —ANM Anima Trag 2018T.Ced mmmmm 0,39 4,44 — — —ANM Anima Trag II2016 mmmmm 0,14 2,28 — 7,28 —ANM Anima Traguardo2016 mmmmm 0,11 1,74 — 7,16 —ANM Anima Traguardo2018 mmmmm 0,54 4,21 — 9,96 —Arca19Red. Multiv. P mmmmm 1,22 — — — —Arca19Red. Multiv. R mmmmm 1,24 — — — —Arca19Red. Multiv.II P mmmmm 1,28 — — — —Arca19Red. Multiv.II R mmmmm 1,28 — — — —Arca19Red.Multiv.IIIP mmmmm 0,68 — — — —Arca19Red.Multiv.IIIR mmmmm 0,68 — — — —ArcaCedBondGlob Eur mmmmm -0,02 0,02 — 4,63 —ArcaCed.18 Ob.Att.IIIP mmmmm 0,39 5,66 — — —ArcaCed.18 Ob.Att.IIIR mmmmm 0,41 5,76 — — —ArcaCed.18 Ob.Att.IV P mmmmm 0,52 6,18 — — —ArcaCed.18 Ob.Att.IV R mmmmm 0,52 6,22 — — —ArcaCed.18 Ob.Attiva II mmmmm 0,48 5,38 — — —ArcaCed.18 Obb.Attiva mmmmm 0,43 5,35 — — —ArcaCed.18 Paesi Em.VL P mmmmm 5,25 9,88 — — —ArcaCed.18 Paesi Em.VL R mmmmm 5,31 9,96 — — —ArcaCed.18 Paesi Em.VL2 P mmmmm 4,83 10,07 — — —ArcaCed.18 Paesi Em.VL2 R mmmmm 4,87 10,20 — — —ArcaCed.18 Paesi Em.VL3 P mmmmm 4,00 9,71 — — —ArcaCed.18 Paesi Em.VL3 R mmmmm 4,01 9,81 — — —ArcaCed.19Ob.Att. VIP mmmmm 0,59 — — — —ArcaCed.19Ob.Att. VIR mmmmm 0,57 — — — —ArcaCed.19Ob.Att.V P mmmmm 0,59 3,39 — — —ArcaCed.19Ob.Att.V R mmmmm 0,61 3,41 — — —ArcaCed.19Ob.Att.VII P mmmmm 0,62 — — — —ArcaCed.19Ob.Att.VII R mmmmm 0,64 — — — —ArcaCed.19Ob.Att.VIII P mmmmm -0,08 — — — —ArcaCed.19Ob.Att.VIII R mmmmm -0,08 — — — —ArcaCed.20 Ob.Att.IXP mmmmm — — — — —ArcaCed.20 Ob.Att.IXR mmmmm — — — — —ArcaCed.Bo.2015 Alto Pot mmmmm -0,02 -0,39 — 4,90 —ArcaCed.Bo.2015 Alto Pot.2 mmmmm 0,18 1,30 — 5,79 —ArcaCed.Bo.2016 Alto Pot.3 mmmmm 0,42 3,52 — 7,40 —ArcaCed.Bo.2017Alto Pot.4 mmmmm 0,39 4,60 — 5,56 —ArcaCed.Bo.2017Alto Pot.5 mmmmm 0,45 4,28 — — —ArcaCed.Bo.2017Alto Pot.6 mmmmm 0,30 4,35 — — —ArcaCed.BondGlob.Eu II mmmmm 0,15 1,00 — 4,81 —ArcaCed.BondGlob.Eu III mmmmm -0,21 -0,40 — 4,25 —ArcaCed.BondPaesi Em. mmmmm -0,59 -2,42 — 3,62 —ArcaCed.Corp.BondIV mmmmm 0,02 0,42 — 2,60 —ArcaCed.Gov.Eu.Bond IV mmmmm — 0,35 — 4,54 —BCCRisparmio Obbligaz. mmmmm 1,28 4,10 — 3,45 1,85Consult High YieldA1 mmmmm 2,83 11,12 — — —Consult High YieldA2 mmmmm 2,78 10,67 — 10,03 6,10Consult High YieldB1 mmmmm 2,82 10,91 — — —Consult High YieldIY mmmmm 2,83 11,32 — — —Consult RedditoA1 mmmmm 1,17 6,45 — — —Consult RedditoA2 mmmmm 1,17 6,15 — 10,09 4,04Consult RedditoB1 mmmmm 1,16 6,20 — — —Consult RedditoB2 mmmmm 1,17 6,17 — — —Consult ValoreA2 mmmmm 0,66 2,66 — 8,36 3,15Consult ValoreB2 mmmmm 0,66 2,65 — — —ConsultinvestReddito IY mmmmm 1,22 6,66 — — —ConsultinvestValore A1 mmmmm 0,67 2,68 — — —ConsultinvestValore B1 mmmmm 0,66 2,64 — — —ConsultinvestValore IY mmmmm 0,70 1,34 — — —EurizonCed. Doc 02/19 mmmmm 0,46 7,71 — — —EurizonCed. Doc 04/19 mmmmm 0,45 8,04 — — —Euromob.Cedola 2018 mmmmm 0,74 — — — —Euromob.Cedola 3- 2017 mmmmm 0,47 4,12 — — —Euromob.Crescita Attiva mmmmm 0,48 — — — —Euromob.Emerg Mkt Bond mmmmm 2,08 6,86 — 2,13 n.s.Euromob.F2 mmmmm 0,37 0,55 — 1,78 1,22Euromob.Obiettivo 2015 mmmmm 0,33 1,98 — 5,53 —FoiGlobalBond R mmmmm 2,01 7,23 — 1,66 —FoiGlobalBond S mmmmm 1,47 4,94 — -0,76 —FoiGlobalBond T mmmmm 2,04 7,67 — 2,11 —FonditEthical R mmmmm 1,21 3,35 — — —FonditEthical TY mmmmm 1,21 3,40 — — —Fonditalia FlexibBondR mmmmm 0,94 1,85 — 1,70 n.s.







Fonditalia FlexibBondS mmmmm 0,45 -0,13 — -0,25 —Fonditalia FlexibBondT mmmmm 0,98 2,29 — 2,12 n.s.GestielleCedFissa II A mmmmm 0,43 0,02 — — —GestielleCedFissa II BY mmmmm 0,51 0,84 — — —GestielleCedola Fissa mmmmm 0,53 0,86 — — —GestielleCedola O.B.E. mmmmm 0,17 -0,08 — 3,20 —GestielleCedola Più mmmmm 1,31 1,88 — — —GIFocus Obbligazionario mmmmm 0,99 -1,51 — -0,88 -0,57MediolanumFleObb Glob L mmmmm 1,48 -0,29 — 4,27 n.s.RitorniReali mmmmm 2,11 7,68 — 6,39 1,97SoprarnoRedd.& Cresc. A mmmmm 0,52 — — — —SoprarnoRedd.& Cresc. BY mmmmm 0,54 — — — —Symp. Obb.Alto Pot. mmmmm 0,81 1,56 — — —Symp. Obb.Din. Val. mmmmm 5,18 10,27 — n.s. n.s.UBIPra. Active Duration mmmmm -0,76 -1,92 — 1,31 0,43UBIPra. Tot RetPr mmmmm 0,47 2,10 — 1,87 1,25UniCreditSoluzione BTA mmmmm 0,02 0,20 — 0,85 —UniCreditSoluzione BTB mmmmm — -0,30 — 0,35 —jpmgbi global all.mat. 4,45 15,70 — 2,51 5,85ob.italia 0,81 4,43 — — —ANM Anima TricoloreA mmmmm 1,98 12,07 13,97 11,41 —ANM Anima TricoloreF mmmmm 2,00 12,42 13,97 — —AzimutSolidity mmmmm 1,38 8,27 — 6,91 3,47BPosta Obb. Italia Dic2019 Cl.B mmmmm — — — — —BancoPostaObb. Italia Sett. 2018 mmmmm — — — — —BancoPostaObb.Ita Dic18 mmmmm 0,74 7,71 — — —BPosta Obb.Italia Dic 2019 Cl.A mmmmm — — — — —BPosta Obbl. ItaliaMarzo 2018 mmmmm — — — — —BPosta Obblig. Italia Marzo mmmmm — — — — —EpsilonItalyBo.Sh.Term A mmmmm 0,02 0,05 0,67 — —EpsilonItalyBo.Sh.Term B mmmmm 0,05 0,33 0,67 1,12 1,24EpsilonItalyBo.Sh.Term I mmmmm 0,06 0,50 0,67 — —EurizonObbl. ItaBT A mmmmm 0,30 1,15 1,48 2,77 1,83EurizonObbl. ItaBT B mmmmm 0,33 1,46 1,48 3,08 2,12PioneerOb.Sist.It Dis A mmmmm 1,45 11,62 13,63 — —PioneerOb.Sist.It Dis B mmmmm 1,43 11,42 — — —jpmgbi italy tradedindex 0,84 13,90 — 13,56 7,12flessibilifondiflessibili 1,05 3,35 — 5,20 2,758a+GranParadiso mmmmm -0,75 -2,36 — -1,04 0,038a+Latemar mmmmm 1,75 -0,19 — 5,00 2,90AcomeAEtf Attivo A1 mmmmm 3,90 2,78 — 7,76 n.s.AcomeAEtf Attivo A2 mmmmm 3,99 3,74 — 8,74 —AcomeAPatr. Aggr.A2 mmmmm 1,80 4,54 — 10,29 —AcomeAPatr. Aggr.A1 mmmmm 1,69 3,36 — 9,21 2,52AcomeAPatr. Dinam.A1 mmmmm 2,34 5,32 — 10,03 4,16AcomeAPatr. Dinam.A2 mmmmm 2,41 6,18 — 10,77 —AcomeAPatr. Prud. A1 mmmmm 2,94 4,64 — 8,99 5,29AcomeAPatr. Prud. A2 mmmmm 3,01 5,27 — 9,80 —ActiveDiscovery FlexY mmmmm 0,91 4,08 — — —ActiveGlobal FlexY mmmmm 0,93 4,08 — — —ActiveIncome FlexY mmmmm 0,91 4,31 — — —ActiveOpport. FlexY mmmmm 0,91 4,08 — — —Agora 4Invest mmmmm 0,35 2,74 — — —Agora Dynamic mmmmm 2,46 4,81 — — —Agora Selection# mmmmm 2,92 0,53 — -3,77 -2,79Agora ValoreProtetto mmmmm 0,56 1,86 — 1,99 1,91Agoraflex QY mmmmm 3,53 3,02 — — —Agoraflex R mmmmm 3,43 1,43 — 0,77 1,13AlaricoRe mmmmm 2,50 4,61 — 15,78 1,42AlkimisCap UcitsAcc. mmmmm -0,17 2,06 — 5,21 3,44AlkimisCap UcitsCoup. mmmmm -0,17 1,78 — — —AllianzGlobalStrategy 15 mmmmm 0,70 2,27 — 3,49 1,92AllianzGlobalStrategy 30 mmmmm 1,07 3,48 — 4,64 2,63AllianzGlobalStrategy 70 mmmmm 2,21 7,58 — 8,66 4,81Alpi Bilanciato mmmmm n.s. n.s. — n.s. n.s.AmundiAccumulaz. Att. 2 mmmmm 0,76 — — — —AmundiAccumulaz. Fles. mmmmm 0,28 — — — —AmundiAccumulaz. Fles.2 mmmmm — — — — —AmundiAccumulazione Att. mmmmm 1,87 — — — —AmundiEu Brasile 2016G mmmmm 5,55 -9,27 — -8,47 —AmundiEu Bric 2017GY mmmmm 10,29 10,60 — 2,53 —AmundiEu Cina Ripr 2015 mmmmm -3,58 -2,68 — 1,58 —AmundiEu Cr.Ar.Euro 19G mmmmm 0,45 8,13 — — —AmundiEu Cr.Az 2017G mmmmm 1,29 -2,07 — 6,00 —

AmundiEu Cr.Az II 2017G mmmmm 0,28 2,67 — 8,05 —AmundiEu Cr.Fin 2015G mmmmm 0,54 -4,45 — 10,39 —AmundiEu Cr.Fin 2017G mmmmm -0,89 1,77 — 10,37 —AmundiEu Cr.Ita 2015G mmmmm 2,69 1,04 — 8,85 —AmundiEu Cr.Ita 2018G mmmmm 0,47 3,57 — — —AmundiEu Cr.Set.Imm17G mmmmm 0,72 5,50 — 10,68 —AmundiEu Cr.Tai 2018G mmmmm 0,18 6,96 — — —AmundiEu CV 17G mmmmm 0,44 6,73 — 8,26 —AmundiEu CV 18G mmmmm 0,20 6,07 — — —AmundiEu EuEmRip17GY mmmmm -1,99 -1,41 — 4,60 —AmundiEu Italia DopOp18G mmmmm 0,82 5,26 — — —AmundiEu Ma.In.DpOp18G mmmmm -0,37 -2,12 — — —AmundiEu Merc. Em.18G mmmmm 0,06 0,93 — — —AmundiEu P IV 2017G mmmmm 0,47 0,68 — 4,21 —AmundiEu Sv M P2016GY mmmmm -6,77 -17,46 — -5,74 —AmundiEu Sv.It-Fr-Sp18G mmmmm 0,46 2,90 — — —AmundiEu Svi. Russia18G mmmmm 5,82 -12,78 — — —AmundiEu Svi.Germa18G mmmmm 1,80 3,67 — — —AmundiEu Svil.En. 2016G mmmmm 0,02 -2,54 — 1,04 —AmundiEu Svil.Merc.Em17G mmmmm 1,10 1,47 — -0,02 —AmundiEu Utilit.DopOp18G mmmmm -1,30 7,15 — — —AmundiEu.Cr.Cina 2017G mmmmm 2,25 13,57 — 4,93 —AmundiEu.En.DpOp18GY mmmmm -0,17 -1,36 — — —AmundiEu.Sv.Gr.Cina18G mmmmm -0,36 10,27 — — —AmundiEur. BRICT Pr17G mmmmm 5,66 9,71 — 2,73 —AmundiEur.Svil.USA 2016G mmmmm -0,65 3,35 — 10,51 —AmundiEur.Svil.USA 2018G mmmmm -0,86 4,43 — — —AmundiEureka Cina2015G mmmmm 1,77 6,99 — 2,49 —AmundiEureka Or 2015G mmmmm 3,17 6,56 — 4,42 —AmundiEureka Rip.22014 mmmmm -0,02 -0,05 — 4,99 3,24AmundiEureka Sett.2016G mmmmm 0,23 1,14 — 2,52 —AmundiFlessibile# mmmmm 3,00 12,10 — 5,65 3,80AmundiMeta Plus 20AE Usa mmmmm 1,56 — — — —AmundiMeta Plus 20Mer Sv mmmmm 1,42 — — — —AmundiMeta Plus Din 20AE mmmmm 1,66 — — — —AmundiMeta Plus Din 20MS mmmmm — — — — —AmundiMetaPlusDin20AE Us mmmmm 1,12 — — — —AmundiPiu'# mmmmm 1,15 2,30 — 1,65 1,30AmundiOriz2019MarcGlLus mmmmm 3,11 9,77 — — —Anfiteatro TotalReturn mmmmm — — — — —AnimaActive Curr. FlexY mmmmm 0,73 — — — —AnimaEvoluzione 2017I mmmmm 0,46 — — — —AnimaEvoluzione 2017II mmmmm — — — — —AnimaEvoluzione 2019II mmmmm 0,44 — — — —AnimaEvoluzione 2019III mmmmm 0,72 — — — —AnimaEvoluzione 2019IV mmmmm 0,50 — — — —AnimaEvoluzione 2020 I mmmmm — — — — —AnimaRussell Multi-Asset mmmmm 2,13 — — — —AnimaSelection mmmmm 1,94 5,39 — — —AnimaStar Eu AltoPot A mmmmm 2,87 3,43 — 7,07 5,08AnimaStar Eu AltoPot Y mmmmm 2,94 4,32 — 7,96 5,99AnimaStar ItAltoPot A mmmmm 1,85 0,67 — 7,30 5,19AnimaStar ItAltoPot Y mmmmm 1,93 1,61 — 8,21 5,92AnimaStar ItAltoPot YD mmmmm 1,94 — — — —AnimaTr.18 It.Al.Pot.III mmmmm 0,17 3,24 — — —AnimaTrag Evoluz 2019 I mmmmm 0,55 3,01 — — —ANM Anima Alto Pot.Gl.A mmmmm 2,49 2,12 — 5,84 4,01ANM Anima Alto Pot.Gl.F mmmmm 2,59 3,33 — — —ANM Anima FondoTrading A mmmmm -0,93 -2,27 — 6,65 4,30ANM Anima FondoTrading F mmmmm -0,80 -0,89 — — —AnthiliaOrange mmmmm — — — — —AnthiliaYellow mmmmm 0,69 5,62 — 10,12 3,74Arca20Red.Multiv. P mmmmm — — — — —Arca20Red.Multiv.IV R mmmmm — — — — —ArcaBondFlessibile mmmmm -0,28 — — — —ArcaCashPlus mmmmm 0,12 1,25 — 2,66 n.s.ArcaFormEuStoxx (R)2015 mmmmm 1,87 2,60 — 10,99 —ArcaFormII EStox (R)2015 mmmmm 1,75 1,84 — 8,85 —ArcaStrat.Gl.Crescita mmmmm 0,20 1,56 — 4,02 3,44ArcaStrat.Gl.Opportun. mmmmm 0,37 4,06 — 6,80 5,65AzimutDinamico mmmmm 1,59 2,84 — 6,51 2,90AzimutScudo mmmmm 1,96 7,05 — 7,31 4,03AzimutStr. Trend mmmmm 2,14 8,73 — 10,12 6,15AzimutTrend mmmmm 2,64 16,37 — 13,26 10,74AzimutTrendAmerica mmmmm 3,98 22,96 — 15,33 12,13







AzimutTrendEuropa mmmmm 5,84 8,21 — 10,88 3,10AzimutTrendItalia mmmmm 4,60 -0,30 — 12,82 2,09AzimutTrendPacifico mmmmm 3,46 12,55 — 6,65 5,13BancoPosta Extra mmmmm — — — — —BancoPosta Step mmmmm 0,40 0,91 — -0,59 —BancoPosta Trend mmmmm 0,29 1,45 — 3,66 1,72BancoPostaInv Pr 90 mmmmm — — — — —BancoPostaObbl Giu 2015 mmmmm 0,04 0,60 — 3,38 —BancoPostaObbl Giu 2017 mmmmm 0,36 3,43 — — —BCCCedola III -2017 mmmmm 0,72 5,13 — — —BCCCrescita Bilanciato mmmmm 1,72 7,48 — 7,60 3,62BCCInvestimento Azion. mmmmm 1,86 5,50 2,13 6,71 1,31BCCSelez. Crescita# mmmmm 2,36 6,75 — n.s. n.s.BCCSelez. Investimento# mmmmm 3,70 7,52 2,13 6,67 4,41BCCSelez. Opportunità# mmmmm 0,21 0,84 — n.s. n.s.BCCSelez. Risparmio# mmmmm 1,27 3,22 — n.s. n.s.BNL Assetto Comfort mmmmm 0,09 0,41 — 1,47 0,63BNL Assetto Dinamico# mmmmm 1,63 6,33 — 4,28 2,67Consult Alto DivA1 mmmmm 4,19 8,15 — — —Consult Alto DivA2 mmmmm 4,17 9,87 — 8,55 6,29Consult Alto DivB1 mmmmm 4,18 8,99 — — —Consult Alto DivB2 mmmmm 4,16 9,78 — — —Consult High YieldB2 mmmmm 2,78 10,71 — — —Consult MercatiEm A1 mmmmm 6,60 13,32 — — —Consult MercatiEm A2 mmmmm 6,60 14,49 — 0,12 0,08Consult Multi FlexIY mmmmm 2,60 5,53 — — —Consult Multi High VolA# mmmmm 3,26 6,61 — — —Consult Multi High VolB# mmmmm 3,25 6,36 — — —Consult Multi LowVol A# mmmmm 1,36 3,33 — — —Consult Multi LowVol B# mmmmm 1,34 3,27 — — —Consult Multi LowVol IY mmmmm 1,44 3,86 — — —Consult Multi Med Vol A# mmmmm 1,81 4,44 — — —Consult Multi Med Vol B# mmmmm 1,81 4,39 — — —Consult Multi OpportA# mmmmm 2,55 6,47 — — —Consult Multi OpportB# mmmmm 2,53 6,20 — — —ConsultinvestMulti Flex A# mmmmm 2,45 4,15 — 4,92 3,04ConsultinvestMulti Flex B# mmmmm 2,45 4,02 — — —ConsultinvestPlus A1 mmmmm 0,77 3,16 — — —ConsultinvestPlus A2 mmmmm 0,78 3,05 — 7,53 3,75ConsultinvestPlus IY mmmmm 0,84 — — — —ECCapProtetto 12/14P mmmmm -0,04 0,69 — 4,15 2,00EpsilonAll.Tattica02/20 mmmmm -0,06 — — — —EpsilonAll.Tattica09/19 mmmmm 0,61 — — — —EpsilonAll.Tattica11/19 mmmmm 0,32 — — — —EpsilonDLongRun mmmmm 1,88 8,38 — 7,59 3,83EpsilonFle ForexC02/19 mmmmm 1,65 3,98 — — —EpsilonFle ForexC02/20 mmmmm 0,06 — — — —EpsilonFle ForexC04/19 mmmmm 1,81 — — — —EpsilonFle ForexC07/19 mmmmm 1,73 — — — —EpsilonFle ForexC09/18 mmmmm 1,70 3,14 — — —EpsilonFle ForexC09/19 mmmmm 2,22 — — — —EpsilonFle ForexC11/19 mmmmm 1,13 — — — —EpsilonFle ForexC12/18 mmmmm 1,62 3,83 — — —EpsilonQReturn mmmmm 0,45 4,23 — 8,10 4,85EurizonCed.Att+ 04/20 mmmmm 0,68 — — — —EurizonCed.Att+ 05/18 mmmmm 1,06 3,87 — — —EurizonCed.Att+ 05/19 mmmmm 1,15 — — — —EurizonCed.Att+ 06/18 mmmmm 1,07 3,79 — — —EurizonCed.Att+ 07/19 mmmmm 1,19 — — — —EurizonCed.Att+ 12/19 mmmmm 1,24 — — — —EurizonCed.Att.+ 10/19 mmmmm 1,22 — — — —EurizonCed.Att.04/20 mmmmm 0,68 — — — —EurizonCed.Att.05/18 mmmmm 0,95 3,60 — — —EurizonCed.Att.05/19 mmmmm 1,07 — — — —EurizonCed.Att.06/18 mmmmm 0,97 3,52 — — —EurizonCed.Att.07/19 mmmmm 1,09 — — — —EurizonCed.Att.10/19 mmmmm 1,18 — — — —EurizonCed.Att.12/19 mmmmm 1,20 — — — —EurizonCed.Att.Top04/21 mmmmm 0,64 6,26 — — —EurizonCed.Att.Top04/22 mmmmm -0,04 — — — —EurizonCed.Att.Top05/20 mmmmm 0,63 5,78 — — —EurizonCed.Att.Top05/21 mmmmm 0,63 — — — —EurizonCed.Att.Top06/20 mmmmm 0,62 5,67 — — —EurizonCed.Att.Top07/20 mmmmm 0,64 5,86 — — —EurizonCed.Att.Top07/21 mmmmm 0,65 — — — —

EurizonCed.Att.Top10/20 mmmmm 0,60 5,71 — — —EurizonCed.Att.Top10/21 mmmmm 0,62 — — — —EurizonCed.Att.Top12/20 mmmmm 0,63 5,68 — — —EurizonCed.Att.Top12/21 mmmmm 0,68 — — — —EurizonGes.At.Cla02/18# mmmmm 0,97 3,79 — — —EurizonGes.At.Cla04/18# mmmmm 0,99 3,94 — — —EurizonGes.At.Cla04/19 mmmmm 0,70 3,96 — — —EurizonGes.At.Cla04/20 mmmmm 0,06 — — — —EurizonGes.At.Cla05/19 mmmmm 0,69 — — — —EurizonGes.At.Cla07/19 mmmmm 0,73 — — — —EurizonGes.At.Cla10/18 mmmmm 0,79 3,29 — — —EurizonGes.At.Cla10/19 mmmmm 0,84 — — — —EurizonGes.At.Cla11/17# mmmmm 1,03 3,64 — — —EurizonGes.At.Cla12/18 mmmmm 0,72 3,05 — — —EurizonGes.At.Cla12/19 mmmmm 0,82 — — — —EurizonGes.At.Cla6/18# mmmmm 1,01 3,94 — — —EurizonGes.At.Cla7/17# mmmmm 0,97 3,68 — — —EurizonGes.At.Cla7/18# mmmmm 0,75 3,36 — — —EurizonGes.At.Cla9/17# mmmmm 0,97 3,63 — — —EurizonGes.At.Din 02/18# mmmmm 1,19 5,73 — — —EurizonGes.At.Din 04/18# mmmmm 1,18 5,62 — — —EurizonGes.At.Din 04/19 mmmmm 1,19 6,98 — — —EurizonGes.At.Din 04/20 mmmmm 0,04 — — — —EurizonGes.At.Din 05/19 mmmmm 1,32 — — — —EurizonGes.At.Din 07/19 mmmmm 1,36 — — — —EurizonGes.At.Din 10/18 mmmmm 1,41 6,32 — — —EurizonGes.At.Din 11/17# mmmmm 1,46 5,83 — — —EurizonGes.At.Din 12/18 mmmmm 1,39 5,91 — — —EurizonGes.At.Din 12/19 mmmmm 1,31 — — — —EurizonGes.At.Din 6/18# mmmmm 1,20 5,67 — — —EurizonGes.At.Din 7/18# mmmmm 1,29 5,97 — — —EurizonGes.At.Din 9/17# mmmmm 1,29 5,82 — — —EurizonGes.At.Din. 7/17# mmmmm 1,27 5,84 — — —EurizonGes.At.Opp02/18# mmmmm 1,63 8,19 — — —EurizonGes.At.Opp04/18# mmmmm 1,66 7,96 — — —EurizonGes.At.Opp04/19 mmmmm 2,05 10,43 — — —EurizonGes.At.Opp05/19 mmmmm 2,08 — — — —EurizonGes.At.Opp10/18 mmmmm 1,68 8,17 — — —EurizonGes.At.Opp11/17# mmmmm 1,45 7,12 — — —EurizonGes.At.Opp12/18 mmmmm 2,40 8,58 — — —EurizonGes.At.Opp6/18# mmmmm 1,90 7,93 — — —EurizonGes.At.Opp7/18# mmmmm 1,69 7,85 — — —EurizonGes.At.Opp9/17# mmmmm 1,40 7,22 — — —EurizonGes.At.Opp.7/17# mmmmm 1,18 6,99 — — —EurizonGest.At.Cla 12/17# mmmmm 0,93 3,62 — — —EurizonGest.At.Din10/19 mmmmm 1,38 — — — —EurizonGest.At.Din12/17# mmmmm 1,24 5,70 — — —EurizonGest.At.Opp 12/17# mmmmm 1,25 7,01 — — —EurizonGuidaAtt. 04/19 mmmmm 0,62 3,70 — — —EurizonGuidaAtt. 04/20 mmmmm 0,02 — — — —EurizonGuidaAtt. 05/19 mmmmm 0,69 — — — —EurizonGuidaAtt. 07/19 mmmmm 0,67 — — — —EurizonGuidaAtt. 10/18 mmmmm 0,73 3,08 — — —EurizonGuidaAtt. 10/19 mmmmm 0,80 — — — —EurizonGuidaAtt. 12/18 mmmmm 0,68 2,99 — — —EurizonGuidaAtt. 12/19 mmmmm 0,93 — — — —EurizonMAssetRed. 04/20 mmmmm 0,12 — — — —EurizonMAssetRed. 10/19 mmmmm 0,88 — — — —EurizonMAssetRed. 12/19 mmmmm 0,96 — — — —EurizonObiettivo Rend# mmmmm 0,61 2,86 — 3,30 2,07EurizonProfiloFle Dif.# mmmmm 0,41 1,99 — 2,59 1,75EurizonProfiloFle Equi# mmmmm 0,98 4,40 — 4,05 2,92EurizonProfiloFle Svil# mmmmm 1,14 6,79 — 6,21 4,45EurizonRend.Ass 2anni# mmmmm 0,60 2,03 — 2,64 1,67EurizonRend.Ass 3anni# mmmmm 0,74 3,31 — 3,69 1,89EurizonStra Pro 1tri13G# mmmmm 0,39 3,44 — 2,68 1,45EurizonStra. Flessib 15G mmmmm -0,02 1,74 — 1,85 1,16EurizonStra.Pro 1tri12G# mmmmm 0,47 2,00 — 3,59 2,05EurizonStra.Pro 2tri12G# mmmmm 0,36 2,43 — 2,76 1,52EurizonStra.Pro IIITr11G# mmmmm 0,66 1,22 — 3,56 2,56EurizonTeam 1Cl A# mmmmm 0,99 1,98 — 1,98 1,38EurizonTeam 1Cl G# mmmmm 1,03 2,25 — 2,28 1,56EurizonTeam 2Cl A# mmmmm 1,37 3,13 — 2,78 1,93EurizonTeam 2Cl G# mmmmm 1,41 3,45 — 3,09 2,17EurizonTeam 3 ClA# mmmmm 2,27 4,90 — 3,95 2,70







EurizonTeam 3 ClG# mmmmm 2,35 5,45 — 4,48 3,20EurizonTeam 4Cl A# mmmmm 3,00 6,67 — 5,40 3,81EurizonTeam 4Cl G# mmmmm 3,06 7,30 — 5,99 4,38EurizonTeam 5Cl A# mmmmm 3,60 9,16 — 7,56 4,83EurizonTeam 5Cl G# mmmmm 3,67 9,87 — 8,21 5,44Euromob.F3 mmmmm 1,13 3,18 — 2,96 1,69Euromob.RisingStars mmmmm 1,94 — — — —Euromob.Science4 Life mmmmm 3,16 — — — —Euromob.SevenStars mmmmm 1,88 3,28 — — —FinintAbsolute RetEuro mmmmm 1,05 -4,69 — — —FMS- AbsoluteReturn# mmmmm 0,81 1,82 — 1,74 -0,08FocusClasse A mmmmm 1,92 3,42 — 5,91 —FocusClasse R mmmmm — — — — —FoiFlexEurope R mmmmm 2,32 -4,93 — -2,67 —FoiFlexEurope T mmmmm 2,47 -4,17 — -2,01 —FoiFlexItaly R mmmmm 1,70 2,99 — 8,47 —FoiFlexItaly T mmmmm 1,75 3,51 — 9,00 —FondacoGlobal Opport. BY mmmmm 0,86 8,34 — — —FondacoGlobal Opport.Y# mmmmm 0,85 8,30 — 3,87 3,56FondacoIncome Classic B mmmmm 5,11 — — — —FondacoIncome Instit. A mmmmm — — — — —FondacoIncome Profes. BY mmmmm 5,09 — — — —FonderselWorld All.# mmmmm 4,19 13,13 — 6,85 3,32FonditDiver.RealAsset R mmmmm 4,28 7,03 — — —FonditDiver.RealAsset S mmmmm 3,65 4,58 — — —FonditDiver.RealAsset T mmmmm 4,32 7,61 — — —FonditEq GlHigh Div R mmmmm 4,59 18,80 — 15,68 8,13FonditEq GlHigh Div T mmmmm 4,66 19,53 — 15,23 8,06FonditFlexib StrategyR mmmmm 0,30 3,45 — 2,31 0,50FonditFlexib StrategyS mmmmm -0,53 0,39 — -0,48 —FonditFlexib StrategyT mmmmm 0,33 3,89 — 2,76 0,94FonditGlobal Income S mmmmm 2,58 3,94 — — —Fonditalia FlRisk ParR mmmmm 2,57 6,40 — 2,82 1,36Fonditalia FlRisk ParT mmmmm 2,61 6,98 — 3,35 1,92Fonditalia FlexibGrowthR mmmmm -0,40 2,28 — 2,79 1,63Fonditalia FlexibGrowthT mmmmm -0,36 2,63 — 3,15 1,98FondoAntelao# mmmmm 2,73 — — — —Formula 1Absolute mmmmm 1,20 2,00 — 7,23 2,08Formula 1Conservative mmmmm 2,45 3,38 — 4,57 1,61Formula 1Target2014 mmmmm 0,61 1,29 — 4,29 0,69Formula Target17 Eq.Opt. mmmmm 1,58 3,61 — 3,60 1,30GestielleAbsolute R mmmmm 1,34 2,86 — 7,10 1,85GestielleBest Sel.Eq 20# mmmmm 1,07 3,03 — 3,88 1,70GestielleBest Sel.Eq.50 mmmmm 1,75 — — — —GestielleCed.Dual Brand mmmmm 1,01 — — — —GestielleCed.EuroItalia mmmmm 1,98 3,71 — — —GestielleCed.For.Opp Usd mmmmm — — — — —GestielleCed.MultiAss II mmmmm 0,68 — — — —GestielleCed.MultiAsset mmmmm 0,63 1,90 — — —GestielleDual Brand Eq30 mmmmm 2,94 — — — —GestielleMult.A.R. Plus# mmmmm 0,90 1,36 — — —GestielleMult.Ab.Ret# mmmmm 0,59 0,98 — 4,22 —GestielleOb America mmmmm 1,42 8,81 — 8,69 n.s.GestielleOb Brasile mmmmm 1,85 3,74 — -4,38 —GestielleOb Cina mmmmm 2,87 6,10 — 5,34 n.s.GestielleOb East Europe mmmmm 2,27 -6,23 — -0,65 n.s.GestielleOb India mmmmm 2,07 9,29 — 2,99 n.s.GestielleOb Internaz. mmmmm 1,44 4,87 — 8,14 n.s.GestielleOb Piu'P mmmmm 0,46 -0,48 — 5,34 —GestielleOb Risp A mmmmm 0,41 1,51 — 5,74 n.s.GestielleOb Risp B mmmmm 0,46 1,99 — 6,22 n.s.GestielleOb. Em. Mkt mmmmm 2,02 7,03 — 2,10 n.s.GestielleOb. Europa mmmmm 2,22 3,33 — 10,43 n.s.GestielleOb.Italia mmmmm 1,84 0,67 — 9,78 n.s.GestnordAsset Allocation mmmmm — 2,38 — 4,29 2,82HI SIBILLA MF CHF DM SHARES mmmmm — — — — —HI SIBILLA MF EURDM SHARES mmmmm — — — — —HI SIBILLA MF EURFOF SHARES mmmmm — — — — —

HI SIBILLA MF EURR SHARES mmmmm — — — — —HI SIBILLA MF USDDM SHARES mmmmm — — — — —IGMFdF Flessibile Cl.A# mmmmm 0,94 2,42 — 3,83 1,75IGMFdF Flessibile Cl.B# mmmmm 1,04 3,13 — 4,50 2,39Interf.Crescita Prot.80Y mmmmm 1,78 — — — —Interf.System Evolution mmmmm 1,14 4,42 — 4,18 2,48InterfundSystem 100 mmmmm 0,29 1,72 — 1,14 0,90InvestitoriFlessibile mmmmm 2,12 4,89 — 7,25 2,78InvestitoriPiazza Affari mmmmm 4,64 — — — —ItalfortuneGlob TotRet mmmmm 0,72 0,41 — 5,75 1,68KairosIncome mmmmm -0,21 -0,24 — 0,21 0,29KairosSelection mmmmm 0,82 1,36 — 4,62 2,40Macro F.o. mmmmm 1,73 7,31 — 4,57 1,49MediolanumFleObb GloLA mmmmm 1,50 — — — —MediolanumFleStrateg L mmmmm 3,28 9,97 — 7,61 n.s.MediolanumFleStrateg LA mmmmm 3,33 — — — —MediolanumFleSvi ItaLA mmmmm 1,87 — — — —MediolanumFleVal.Att LA mmmmm 0,34 — — — —MediolanumFlexGlob LA mmmmm 3,93 7,75 — 7,84 n.s.MediolanumFlexItalia LA mmmmm 3,18 -4,51 — 12,03 n.s.MediolanumFlexSvi ItaL mmmmm 1,76 0,67 — — —MediolanumFlexVal.Att L mmmmm 0,34 0,18 — — —PioneerInnovaz.Att. B# mmmmm 0,73 — — — —PioneerTarget Controllo A mmmmm 1,42 2,98 — 4,30 2,91PioneerTarget Controllo B mmmmm 1,40 2,82 — — —RaiffeisenStrat. Fonds mmmmm 0,70 0,93 — — —Sofia Flex mmmmm — — — — —SoprarnoInflaz. 1,5%A mmmmm 1,06 3,72 — 5,36 3,51SoprarnoInflaz. 1,5%BY mmmmm 1,08 3,96 — 5,55 3,71SoprarnoRelat ValueA mmmmm 1,31 3,72 — 6,07 3,90SoprarnoRelat. ValueBY mmmmm 1,37 4,23 — 6,56 4,35SoprarnoRit. Ass A mmmmm 1,02 3,21 — 5,84 4,31SoprarnoRit. Ass. BY mmmmm 1,07 3,98 — 6,46 4,90Star CollMulti As.GlA# mmmmm 0,86 0,61 2,09 — —Star CollMulti As.GlCY# mmmmm 0,94 1,41 2,09 — —Symp. AsiaFles. mmmmm 3,64 10,56 — 12,15 7,68Symp. Fortissimo mmmmm 2,76 7,77 — 14,41 5,52Symp. Patrim. Attivo mmmmm 2,55 5,64 — 6,92 3,57Symp. Tematico mmmmm 2,33 -13,21 — -0,04 -0,61UBIPra. Capital GrowthP mmmmm 1,21 — — — —UBIPra. Euro EqRisk Cont mmmmm 1,50 — — — —UBIPra. Inflat. ShieldP mmmmm 0,98 — — — —UBIPra. Mult.Vol.Target mmmmm 1,66 — — — —UBIPra. Protez. Mkt EuroP mmmmm 1,42 -2,60 — — —UBIPra. Tot. Ret. Din. mmmmm 1,31 3,06 — 1,46 -0,23UBIPra. Tot.Ret. Moderato A mmmmm 0,73 1,18 — 0,05 -0,51UBIPra. Tot.Ret. Moderato B mmmmm 0,74 1,36 — 0,24 -0,33Unicredit Eco Reale A# mmmmm 3,27 10,05 — — —Unicredit Eco Reale B# mmmmm 3,23 9,62 — — —UniCreditSol.Pa. Em. A mmmmm 4,37 8,04 — — —UniCreditSol.Pa. Em. B mmmmm 4,34 7,45 — — —UniCreditSoluzione 20A# mmmmm 1,14 4,57 — 3,53 —UniCreditSoluzione 20B# mmmmm 1,09 4,10 — 3,06 —UniCreditSoluzione 40A# mmmmm 1,60 6,05 — 5,68 —UniCreditSoluzione 40B# mmmmm 1,56 5,53 — 5,15 —UniCreditSoluzione 70A# mmmmm 2,51 8,98 — 8,29 —UniCreditSoluzione 70B# mmmmm 2,45 8,36 — 7,69 —Unicredit TrendA# mmmmm 5,36 9,44 — — —Unicredit TrendB# mmmmm 5,32 9,00 — — —VolterraAbsolute R mmmmm 1,15 2,40 — 7,39 1,66VolterraDinamico mmmmm 1,46 3,85 — 4,61 2,01ZenitMc Evoluzione Cl.I mmmmm 2,01 -2,89 — n.s. n.s.ZenitMc Evoluzione Cl.R mmmmm 1,87 -4,29 — n.s. n.s.ZenitMc ParsecCl.I mmmmm 2,66 -4,46 — — —ZenitMc ParsecCl.R mmmmm 2,52 -5,80 — n.s. n.s.msci world 4,10 21,53 — 17,48 14,03

Qualifiche: I Indicizzato; E Etico; P Capitale Protetto; G Capitale Garantito. (#) Fondo dei fondi. (Y) Fondo riservato. (W) Fondo garantito a formula. (L) Fondo liquidità dinamico.Il benchmark a 1 anno è fornito dalle Società.






sicav e fondi esteri autorizzati Uff. Studi Il Sole-24Ore in collaborazione con e

ailis fundsFLE Ailis CedolaDinamica mmmmm 7,92 5,28 2,74FLE Ailis RendimentoMisto mmmmm 5,28 6,86 1,95

amundiinter. sicavAIN InternationalSICAV mmmmm 0,47 5,39 5,12AIN InternationalSICAV mmmmm 17,62 9,75 9,85

anima assetmgmtAnimaFundsOIN Bd 2015Multic. Din.Silver mmmmm 0,77 4,16 —OEU Bd 2015Multic. Silver mmmmm 0,78 3,84 —OEU Bd 2016Multic. 2Silver mmmmm 4,36 5,61 —AER Europe Eq.Prestige mmmmm 7,67 14,30 10,19OEU LifeShort Term Silver mmmmm -0,35 0,07 -0,26LEE LiquidityA mmmmm -0,19 0,27 0,31LEE LiquiditySilver mmmmm -0,34 0,12 0,16OEU MediumTerm Bd Prest. mmmmm 11,21 7,80 5,09FLE Pro100 Cedola BRIC/2 mmmmm 0,05 -0,81 —FLE Pro100 En. PulitaSilver mmmmm -0,16 0,27 —FLE Protetto100 Az.Gl. Silver mmmmm 1,36 2,32 —FLE Protetto100 BRIC Silver mmmmm -0,04 -0,01 —OEU Short TermBd Prest. mmmmm 0,58 1,46 1,21FLE Star High Potent.Eur.Prest. mmmmm 3,60 7,15 6,08FLE Star MktNeutralEur.I mmmmm 0,16 0,88 2,02

anima sicavOEU EuroCorporateBonds mmmmm 5,60 5,06 2,19LEE EuroReserve mmmmm -0,10 0,59 0,57BIL EuropeanBalanced mmmmm 6,44 7,73 4,73OEU Italian Bonds mmmmm 8,18 8,57 3,45

az fund mgmt s.a.Cl. AZ Fund(ACC)FLE ActiveSelection mmmmm -1,12 3,75 0,56FLE ActiveStrategy mmmmm -1,46 2,76 —OEU AggregateBond Euro mmmmm 8,73 7,08 4,28OIN AlphaManager Credit mmmmm -0,13 2,93 2,14AIN AlphaManager Equity mmmmm 11,67 10,30 6,61AIN AlphaManager Thematic mmmmm 11,43 6,98 5,19AMA AmericanTrend mmmmm 23,33 15,63 12,53BIL AssetPlus mmmmm 3,07 3,11 1,83BIL AssetPower mmmmm 6,35 5,40 3,48OIN Best Bond mmmmm 1,49 1,74 —OIN Best Cedola mmmmm -0,45 2,30 —AIN Best Equity mmmmm 6,43 2,21 —OIN BondTarget 2015 mmmmm 2,34 5,76 —LEE Cash12 mesi mmmmm 1,26 2,25 —LEE CashOvernight mmmmm 0,90 1,67 —OIN Cat Bond Fund mmmmm 0,91 2,01 —BIL CgmOpport. Corp.Bond mmmmm 5,23 6,32 —AER CgmOpport. European mmmmm 0,00 7,98 —OMI CgmOpport. Gov.Bond mmmmm 6,86 4,77 —BIL Conservative mmmmm 5,15 6,34 3,94OIN CorporatePremium mmmmm -0,52 4,86 —BIL DividendPremium mmmmm 9,45 7,44 —AZE Em. Market Asia mmmmm 24,61 8,25 6,72AZE Em. Market Europe mmmmm -19,69 -8,55 -7,94AZE Em. Market Latin America mmmmm 0,00 -9,17 -5,20BIL EuropeanDynamic mmmmm 3,12 6,61 2,97AER EuropeanTrend mmmmm 8,12 10,75 3,17FLE Formula1 -Absolute mmmmm 2,29 8,15 2,49BIL Formula1 -Conservative mmmmm 4,26 3,90 1,11

AMP FormulaCom. Trading mmmmm -19,96 -11,21 —FLE FormulaMacro Dyn.Trading mmmmm 4,99 5,59 2,15OEU Income mmmmm 2,18 4,96 2,39FLE InstitutionalTarget mmmmm 5,65 5,23 —FLE Italian Trend mmmmm -3,97 10,20 0,64AIN LongTerm Value mmmmm 16,84 14,26 8,26AER Opportunities mmmmm 0,40 11,19 7,22AAP Pacific Trend mmmmm 11,61 7,54 5,53BIL QBond mmmmm 7,49 — —FLE QProtection mmmmm 1,21 3,23 1,27FLE QTrend mmmmm 4,79 4,19 -0,10OAP RenminbiOpp.Hedge mmmmm -2,39 1,18 —LEE ReserveShort TermEuro mmmmm 0,17 1,19 0,72OMI Solidity mmmmm 8,81 6,73 3,58FLE StrategicTrend mmmmm 10,43 10,70 6,68FLE Trend mmmmm 16,23 13,39 10,73OAM USIncome mmmmm 14,54 1,56 2,20

baseinvest.s sicavOEU BondsValueEUR mmmmm 5,83 9,19 4,49FLE FlexibleLow Risk Exp. mmmmm 8,42 7,31 —LEE Short TermEUR mmmmm 2,11 1,95 1,42

bgselection sicavAZE Africa&MiddleEast Eq mmmmm 8,21 7,50 3,04FLE Anima -Club mmmmm 3,34 5,36 —AEU Anima -Italy Equities mmmmm -5,05 8,05 -1,61FLE ARC mmmmm 4,96 3,48 1,90FLE ARC10 mmmmm 9,58 6,35 4,18FLE BlackRock -GL MA mmmmm 8,74 6,09 3,81AAP China&India Eq mmmmm 38,16 9,55 4,24AZE EasternEurope Eq mmmmm -21,17 -10,45 -9,17FLE Edmondde R.- S.Alpha mmmmm 3,41 4,50 —FLE Eurizon- Concerto mmmmm 5,82 5,99 2,38FLE FranklinT. -Multi Alpha F. mmmmm 6,93 5,00 —AER GlobalDynamic mmmmm 12,54 10,64 6,71FLE GlobalRisk Managed mmmmm 6,15 6,32 3,96BIL HSBC-Em. Mkts Solution mmmmm 14,18 1,45 —AAP Invesco-Asia Gl.Opps mmmmm 27,29 8,87 6,39AER Invesco-Europe Eq. mmmmm 3,04 10,80 5,10FLE JPM-Best Ideas mmmmm 4,10 8,13 —FLE Kairos -Blend mmmmm 3,42 7,33 —FLE Lemanik -Glocal Investor mmmmm -8,57 4,24 —FLE Leonardo- Navigator mmmmm 0,58 6,62 —LEE Liquidity mmmmm 0,31 0,71 0,65FLE MorganStanley- Act.All. mmmmm 5,95 6,41 3,97AMA MorganStanley-N.Am.Eq. mmmmm 16,56 13,45 10,07AZE Next11Equities mmmmm 16,88 3,19 —AIN PictetWorld Opportun. mmmmm 17,86 14,76 10,41FLE Schroder Multi Asset mmmmm 3,72 3,47 —FLE Swiss&GlobalFlex.Strat. mmmmm 4,77 4,31 2,76AIN T-Cube mmmmm 12,79 11,20 5,57BIL Vontobel -Gl.Elite mmmmm 15,85 6,92 3,76

bnp paribas assetmgmtOER BondEurope Plus mmmmm 15,15 8,96 7,30OIN BondWorld Plus mmmmm 16,16 5,69 6,96OCO Conv Bd Best Sel Eur mmmmm 5,46 9,67 4,20BIL Diversified WorldBalanced mmmmm 4,32 4,02 3,31BIL Diversified WorldGrowth mmmmm 5,13 5,55 4,34BIL Diversified WorldStability mmmmm 2,90 2,42 2,18AEU EquityEuro mmmmm 4,93 13,21 7,74AER EquityEurope mmmmm 3,59 12,23 8,93

datial 21.01.2015 rating perf.% rendim rendimcateg. fondi cfs lorda annuo annuo

1anno 3 anni 5anni


1anno 3 anni 5anni


sicav e fondi esteri autorizzati

BIL Sustainable ActiveAll mmmmm 9,98 7,28 4,79Fondicomuni didiritto franceseFLE BNPPRend. CedolaC mmmmm -0,03 0,01 —

bny mellon assetmgmtBNYMellon Global FundsAZE Em. MktsEq. ValueF. mmmmm 18,18 2,19 1,91OEU EurolandBond mmmmm 10,66 8,83 6,45OIN GlobalBond mmmmm 17,75 3,14 6,51OIN GlobalBond A$ mmmmm 17,27 2,65 5,95OIN GlobalBond($) mmmmm 17,85 3,17 6,47

cb-accentlux sicavOEU BondEuro mmmmm 6,17 6,59 4,73AAP FarEastEquity($) mmmmm 14,34 19,50 13,77OIN Swan Bond Opport. mmmmm 0,36 1,83 1,86FLE Swan Flexible mmmmm 3,16 1,75 1,00OIN Swan High Yield mmmmm 0,46 3,16 —

coreseriesBIL CoReChampions E mmmmm 10,62 8,01 —OIN CoReCoupon E Dis mmmmm 3,68 4,30 —AIN CoReDividend EDis mmmmm 14,61 10,42 —

credit suisseCSInvest (Lux)FLE IndexBlink B mmmmm 6,84 8,30 7,26OIN LondiniumGlobalBdsB mmmmm 2,37 2,26 2,41

duemmesicavFLE Alkimis mmmmm 2,26 4,89 —OIN C-QuadratEfficient Cl. C mmmmm 6,82 6,79 —OEU C-QuadratEu I. Plus Cl.C mmmmm 3,69 8,47 5,37OCO C-QuadratGl.C. Plus Cl.C mmmmm 2,33 4,58 —FLE RussellGlobalEquity C mmmmm 17,37 14,57 —

erselgestion inter.eOEU GloberselCorp. Bond mmmmm 6,25 7,43 4,55AIN GloberselEquity A mmmmm 19,12 14,12 10,71BIL LeaderselBalanced mmmmm 4,07 5,32 —AMP LeaderselCommodities mmmmm -21,07 -13,35 —FLE LeaderselDiver.Strategies mmmmm 4,12 — —AZE LeaderselEm. Market Mult. mmmmm 13,67 4,35 3,47OEM LeaderselEm.Bond Opp. mmmmm 2,59 3,91 —

erste sparinvestOEM EspaBond Danubia Cap mmmmm 8,85 6,56 5,50OEM EspaBond Danubia Dis mmmmm 8,85 6,58 5,51OEU EspaBond EuroCorp.Cap. mmmmm 7,37 7,11 5,44OEU EspaBond EuroCorp.Dis mmmmm 7,38 7,11 5,43

eurizoncapital s.a.EpsilonFundOEU EuroBond mmmmm 12,60 10,34 6,95LEE EuroCash mmmmm 0,31 1,07 1,14EurizonFocus Capitale ProtettoFLE Protezione03/2017 mmmmm 6,90 9,21 —FLE Protezione06/2016 mmmmm 4,67 7,20 —FLE Protezione12/2016 mmmmm 5,75 8,37 —EurizonFocus Riserva DocOEU Obbligaz.Corp.06/2015 mmmmm 0,31 4,18 —OEU Obbligaz.Corp.12/2014 mmmmm -0,32 2,59 1,47OEU Obbligaz.Corp.12/2014-2 mmmmm -0,37 3,00 —

EurizonManager SelectionFundOMI MS10 mmmmm 7,97 7,13 4,82BIL MS20 mmmmm 7,77 7,49 5,21BIL MS40 mmmmm 10,61 9,64 6,47BIL MS70 mmmmm 13,25 12,63 9,29EurizonStrategia FlessibileOEU Obbligazioni03/2016 mmmmm 1,39 5,76 —OEU Obbligazioni06/2016 mmmmm 2,02 5,83 —OEU Obbligazioni12/2015 mmmmm 1,32 6,40 —InvestmentSolutions byEpsilonOIN Cedolax 406/2011 mmmmm 2,32 4,71 —OIN Cedolax 407/2011 mmmmm 1,59 4,46 —OIN Cedolax 409/2011 mmmmm 1,99 5,51 —OIN ForexCoupon 2016 mmmmm 6,39 2,26 —RossiniLux FundOEU Obbligaz.TV mmmmm 2,16 4,90 1,88

eurizoneasyfundActiveMarketOEM BondEmerging Mkts mmmmm 22,24 8,41 10,34OIN BondHigh Yield mmmmm 5,47 11,15 7,53OIN BondHigh Yield mmmmm 6,38 12,25 8,66OEU BondInflation Linked mmmmm 3,98 4,16 2,29OEU BondInflation Linked mmmmm 4,84 5,03 3,18OEU BondCorpEur ST mmmmm 2,42 4,48 3,61OEU BondCorp.EurST mmmmm 1,61 3,65 2,78AER EquitySmall Cap Europe mmmmm 4,23 14,09 9,15AER EquitySmall Cap Europe mmmmm 5,30 15,34 10,56ActiveMarket cop.rischio cambioOEM BondEmerging Mkts mmmmm 3,77 3,39 4,97OEM BondEmerging Mkts mmmmm 4,69 4,32 6,01ActiveStrategyFLE AbsoluteAttivo mmmmm 2,41 3,45 2,16FLE AbsolutePrudente mmmmm 1,55 2,72 1,78BIL Azioni StrategiaFlessibile mmmmm 4,51 8,75 —BIL FocusAz.StratFlessRL mmmmm 4,81 9,11 —Limited TrackingErrorOEU BondEUR Float.Rate LTE mmmmm 1,98 4,80 1,73OEU BondEUR Long T. LTE mmmmm 19,68 12,33 7,68OEU BondEUR Long T. LTE mmmmm 20,84 13,42 8,75OEU BondEUR Medium T. LTE mmmmm 4,37 4,39 2,90OEU BondEUR Medium T. LTE mmmmm 5,44 5,47 3,97OEU BondEUR Short Term LTE mmmmm 2,07 2,89 1,95OIN BondInternational LTE mmmmm 17,50 2,90 5,81OAM BondUSD LTE mmmmm 25,29 6,00 8,03LEE CashEUR mmmmm 0,49 1,21 1,24LEE CashEUR mmmmm -0,25 0,46 0,48AAP EquityChina LTE mmmmm 33,31 11,13 6,68AZE EquityEm. Mkts AsiaLTE mmmmm 27,20 8,87 7,39AZE EquityEm. Mkts AsiaLTE mmmmm 28,97 10,39 8,94AZE EquityEm. Mkts LTE mmmmm 19,01 3,65 —AEU EquityEuro LTE mmmmm 4,27 12,44 5,11AEU EquityEuro LTE mmmmm 5,83 14,13 6,71AER EquityEurope LTE mmmmm 6,87 12,19 7,71AER EquityEurope LTE mmmmm 8,48 13,88 9,35AAP EquityJapan LTE mmmmm 10,70 11,38 6,95AZE EquityLatinAmerica LTE mmmmm 3,44 -9,83 -3,37AMA EquityN.America LTE mmmmm 25,26 17,35 14,99AMA EquityN.America LTE mmmmm 27,13 19,12 16,72AAP EquityOceania LTE mmmmm 16,97 10,58 9,96LAM TreasuryUSD mmmmm 16,12 3,11 3,33LAM TreasuryUSD mmmmm 16,99 3,88 4,10Linea LTE cop. rischio cambio


1anno 3 anni 5anni


1anno 3 anni 5anni



OER BondGBP mmmmm 16,10 4,69 7,02OAP BondJPY mmmmm 5,16 3,10 2,73OAM BondUSD mmmmm 7,08 2,10 3,78AAP EquityJapan mmmmm 5,52 20,65 6,61AMA EquityNorth America mmmmm 9,06 14,71 11,81

euromobiliare inter. fund sicavEurofundluxOIN AltoRendimento 2015A mmmmm 0,81 2,76 —OIN AltoRendimento 2015BTD mmmmm -0,23 2,97 —OEU Cedola2017 B mmmmm 3,62 5,09 3,39OEU Cedola2017 D mmmmm 3,19 4,62 2,84FLE DynamicMultimanager B mmmmm 16,58 13,19 9,25LEE EuroCash A mmmmm 0,09 0,64 0,61LEE EuroCash B mmmmm 0,40 0,95 0,94AEU EuroEquity D mmmmm 4,61 12,69 4,27OIN GlobalBond D mmmmm 11,37 4,62 —OEU QBondAbsolutereturn B mmmmm 3,81 3,06 2,50BIL QFund97A mmmmm -0,16 0,91 0,25FLE TRFlex5 A mmmmm -0,83 2,65 4,00

european & global invest.sFLE Plurima Fra.AlphaStrNL mmmmm 1,02 4,08 2,35

fideuramgestions s.a. lussemburgoOEM BondGlb EmMkts mmmmm 5,38 4,25 5,57OAM BondUSD mmmmm 21,99 5,94 7,06AMP Commodities mmmmm -17,99 -10,72 -5,51AZE EqGlb EmMkts Eur mmmmm 15,94 3,91 4,65AAP EqPac. exJap. A mmmmm 12,92 7,31 5,49AMA EqUSA Advant mmmmm 22,36 17,98 13,57AMA EqUSA Value mmmmm 21,70 15,96 12,73AER EquityEurope mmmmm -4,42 8,20 4,54AEU EquityItaly mmmmm 1,08 15,70 4,54AAP EquityJapan A mmmmm 8,22 9,11 4,62AAP EquityJapan H mmmmm 3,93 20,26 6,04AMA EquityUSA A mmmmm 23,49 16,13 13,83OEU EuroBd LongRisk mmmmm 28,51 15,22 9,36OEU EuroBd LowRisk mmmmm 4,20 3,89 3,15OEU EuroBd Med Risk mmmmm 12,58 8,43 5,90OEU EuroCorp. Bd mmmmm 6,73 5,99 4,12OEU EuroDefensive Bd mmmmm 0,74 1,35 1,23OEU EuroShort Term mmmmm -0,04 0,56 0,58AER Europe Eq.Val. mmmmm -5,77 8,90 4,10FLE MarshallWaceTops mmmmm 5,16 4,23 3,05

generali invest.s luxembourg s.a.FLE VoBaFlex mmmmm 3,23 5,00 1,79OMI VoBaMoney Plus mmmmm 2,12 2,29 1,61

generali invest.s sicavOEU EuroBonds mmmmm 11,12 8,13 5,58OEU EuroCorporateBonds mmmmm 6,41 6,95 4,86LEE EuroShort Term Bonds mmmmm 0,89 1,65 1,29FLE Garant1 mmmmm 1,41 3,45 2,45FLE Garant2 mmmmm 3,51 3,26 2,04FLE Garant3 mmmmm 5,26 3,06 2,08FLE Garant4 mmmmm 1,27 1,92 1,01FLE Garant5 mmmmm 0,00 2,52 —

julius baer, zurigoJB MultibondOIN JBBFAbs RetDef-EUR B mmmmm -2,57 0,13 0,42

OIN JBBFAbs RetPl-EUR B mmmmm -4,28 0,34 1,25OIN JBBFAbs Ret-EUR B mmmmm -3,37 0,34 0,71OIN JBBFABS-EUR B mmmmm 0,88 3,73 4,68OIN JBBFCredit Opp-EUR B mmmmm 3,58 5,45 5,34OEM JBBFEmerging(EUR)-EUR B mmmmm 7,41 5,27 6,33OEM JBBFEmerg.(USD)-USD B mmmmm 22,12 7,75 9,85OIN JBBFGl High Yield-EURB mmmmm -1,32 7,01 5,59OEM JBBFLocal Em-USD B mmmmm 15,29 3,04 5,97OEU JBBFTotal Return-EURB mmmmm 2,40 2,74 3,32JB MulticooperationAMP JBCommodity-USD B mmmmm -4,16 -7,07 -0,23BIL StrategyBalanced B mmmmm 7,40 7,34 6,69BIL StrategyBalanced B($) mmmmm 19,85 10,08 9,92BIL StrategyBalanced B(Chf) mmmmm 23,46 11,62 11,37BIL StrategyIncomeB mmmmm 5,48 5,46 5,27BIL StrategyIncomeB($) mmmmm 18,79 8,14 8,25BIL StrategyIncomeB(Chf) mmmmm 21,88 9,47 9,94JB MultilabelFLE Artemide B mmmmm 2,49 7,78 —JB MultistockFLE JBEFAbs Ret Eur-EUR B mmmmm 2,13 2,70 —AEU JBEFEuro Value-EUR B mmmmm -3,98 14,34 7,21AER JBEFEurope Focus-EUR B mmmmm -1,78 9,32 4,69AZH JBEFHealth Innov-USD B mmmmm 49,97 — —AAP JBEFJapan-JPY B mmmmm 13,03 11,39 9,27ACG JBEFLuxury Brands-EUR B mmmmm 9,72 12,01 16,23

jupiter assetmgmt ltdAER JupiterEuropean Growth L mmmmm 14,67 20,86 14,76

kairosinter. sicavAMA KIS -America P mmmmm 4,70 13,01 9,26OER KIS -Bond A-USD mmmmm 22,88 10,42 —OER KIS -Bond P mmmmm 5,10 6,55 3,84OIN KIS -Bond Plus P mmmmm 5,93 9,91 —AAP KIS -Em. MarketsP mmmmm 2,33 5,13 0,84FLE KIS -Multi-St.UCITSP mmmmm -0,63 3,89 1,67FLE KIS -SmallCap P mmmmm -1,72 4,70 2,84

lemanik sicavAAP AsianOppCap RetEur mmmmm 5,72 19,61 13,40AEU High Growth Cap Retail mmmmm 2,36 23,08 8,86BIL Italy Cap Retail mmmmm 0,64 13,92 3,42OIN SelectedBd Dist RetEur mmmmm 1,12 — —

luxicav sicavAER AzionarioEuropa B mmmmm -5,34 11,21 0,21

m&ginter. invest. ltdM&G DynamicAllocation FundFLE DynamicAllocationA mmmmm 11,11 8,01 6,49

mediolanum inter. f.CH - Challenge Funds - Classi MediolanumACG Counter CyclEq L mmmmm 26,00 16,75 12,92ACG CyclicalEq L mmmmm 13,70 14,42 12,74AZE Emerg.MktsEq. L mmmmm 12,94 1,43 2,58AZE Emerg.MktsEq. S mmmmm 12,37 0,91 2,05AEN Energy Eq.L mmmmm 1,00 0,70 2,93OEU EuroBd L-A mmmmm 12,66 8,02 4,68OEU EuroIncomeL-A mmmmm 0,03 0,92 0,72AER EuropeanEq.L mmmmm 5,06 10,67 6,35AER EuropeanEq.S mmmmm 4,52 10,10 5,80


1anno 3 anni 5anni


1anno 3 anni 5anni



AZF Financial Eq.L mmmmm 11,22 13,77 6,94FLE FlexibleL-A mmmmm -0,39 -1,28 -1,28FLE FlexibleS-A mmmmm -0,79 -1,69 -1,68AEU GermanyEq. L mmmmm -0,17 12,27 7,99OIN InternBd L-A mmmmm 17,92 -0,18 4,45OIN InternIncL-A mmmmm 11,81 -1,80 1,47AIN InternationalEq L mmmmm 16,03 12,84 9,56AIN InternationalEq S mmmmm 15,57 12,37 9,10AEU Italian Eq.L mmmmm -3,01 11,67 1,90AEU Italian Eq.S mmmmm -3,51 11,09 1,37LAM Liquid.US$ L mmmmm 16,11 2,94 3,18LAM Liquid.US$ S mmmmm 15,99 2,83 3,06LEE LiquidityEuroL mmmmm 0,33 0,29 0,44LEE LiquidityEuroS mmmmm 0,22 0,16 0,31AMA NorthAmer Eq Lcop mmmmm 7,71 11,89 9,70AMA NorthAmer. Eq. L mmmmm 24,00 16,40 14,00AAP Pacific Eq Lcop mmmmm 3,73 12,57 3,83AAP Pacific Eq.L mmmmm 10,72 8,66 4,98OIN Solidity& ReturnS-A mmmmm 3,54 4,72 2,35AEU SpainEq. L-A mmmmm 1,51 11,63 3,05ATE TechnologyEq. L mmmmm 24,68 15,36 11,73MediolanumBest BrandsAIN BlackRockGlb L mmmmm 11,90 10,44 7,45AIN BlackRockGlb L cop mmmmm 3,61 8,59 5,06AIN BlackRockGlb S mmmmm 11,44 9,99 7,02AIN BlackRockGlb S cop mmmmm 3,18 8,16 4,64FLE Coupon Strat.Coll LA mmmmm 14,24 8,76 —FLE Coupon Strat.Coll LA cop mmmmm 6,50 6,81 —FLE Coupon Strat.Coll LB mmmmm 12,00 6,11 —FLE Coupon Strat.Coll LB cop mmmmm 4,26 4,12 —FLE Coupon Strat.Coll SA mmmmm 13,78 8,33 —FLE Coupon Strat.Coll SA cop mmmmm 5,89 6,29 —FLE Coupon Strat.Coll SB mmmmm 11,55 5,69 —FLE Coupon Strat.Coll SB cop mmmmm 3,79 3,69 —AIN DWSMegaTrend Sel L mmmmm 15,85 9,73 —AIN DWSMegaTrend Sel Lcop mmmmm 6,20 7,29 —AZE EmMkts Coll L mmmmm 14,33 3,53 3,80AZE Em. MktsColl S mmmmm 13,77 3,01 3,28AIN Eq.Power Coup. Coll L mmmmm 12,21 9,51 7,54AIN Eq.Power Coup. Coll S mmmmm 11,76 9,07 7,11OEU EuroFixedIncomeL B mmmmm 0,62 0,99 0,61AER EuropeanColl L mmmmm 7,44 11,94 8,00AER EuropeanColl Lcop mmmmm 4,28 10,72 6,58AER EuropeanColl S mmmmm 6,91 11,38 7,45AER EuropeanColl Scop mmmmm 3,73 10,17 6,06FLE F.TempletonEMSel L mmmmm 14,17 4,48 —FLE F.TempletonEMSel S mmmmm 13,71 4,06 —OIN Glb High Yield cop LA mmmmm -0,37 3,84 4,73OIN Glb High Yield cop SA mmmmm -0,89 3,42 4,36OIN Glb High Yield cop SB mmmmm -3,45 1,77 3,30OIN Glb High Yield LA mmmmm 14,91 7,54 8,40OIN Glb High Yield LB mmmmm 12,80 5,98 7,45OIN Glb High Yield SA mmmmm 14,56 7,22 8,07OIN Glb High Yield SB mmmmm 12,42 5,65 7,23ATE Glb Tech Coll L mmmmm 17,07 11,78 10,60AIN JPMorganGlb L mmmmm 16,24 12,90 8,93AIN JPMorganGlb Lcop mmmmm 7,49 11,02 6,59AIN JPMorganGlb S mmmmm 15,76 12,44 8,49AIN MStanleyGlb L mmmmm 12,22 12,61 10,51AIN MStanleyGlb Lcop mmmmm 7,21 11,36 8,49AIN MStanleyGlb S mmmmm 11,77 12,16 10,06AIN MStanleyGlb Scop mmmmm 6,80 10,87 8,01AAP Pacific Coll L mmmmm 12,95 7,92 4,70

FLE PimcoInflat StratSel L mmmmm 1,67 1,85 —FLE PimcoInflat StratSel S mmmmm 1,37 1,55 —FLE PremiumCoup.Coll Scop mmmmm 5,90 4,57 2,94AMA USCollection L mmmmm 19,19 15,10 11,74PortfolioFund - Classi MediolanumAIN Active100 S mmmmm 13,38 10,06 7,38BIL Active80 S mmmmm 11,77 7,12 5,59LEE LiquiditySA mmmmm 0,32 0,33 0,47

mfsinvest. mgmtAAP Asiaex-Japan A1($) mmmmm 18,65 7,63 9,23OEM Emerg.MktsDebt A1($) mmmmm 19,90 7,97 9,84AZE Emerg.MktsEquity A1($) mmmmm 11,62 1,39 4,35AER Europ.Smaller Comp.A1 mmmmm 15,46 21,29 18,76AER EuropeanRes. A1 mmmmm 10,65 15,70 11,44AER EuropeanValueA1 mmmmm 17,42 17,87 13,32AIN GlobalConcentratedA1($) mmmmm 24,41 20,70 15,52AIN GlobalEquity A1 mmmmm 19,63 18,58 14,99AIN GlobalEquity A1($) mmmmm 19,28 18,52 14,82AIN GlobalResearchA1($) mmmmm 16,40 14,10 —BIL GlobalTotal ReturnA1 mmmmm 19,93 12,32 11,12OAM High Yield A1($) mmmmm 17,37 10,04 11,08OIN Inflat-AdjustedBond A1($) mmmmm 20,08 3,29 6,86OAM LimitedMaturity A1($) mmmmm 17,15 4,59 5,11BIL PrudentWealth A1($) mmmmm 19,11 12,03 —OAM ResearchBond A1($) mmmmm 23,21 7,40 8,37AMA USConc. Growth A1($) mmmmm 24,74 18,26 15,58OAM USGovernmentBd A1($) mmmmm 22,30 5,18 6,69AMA ValueA1($) mmmmm 24,85 19,73 15,95

morganstanley invest. mgmt ltdARE AsianProperty mmmmm 19,30 14,73 10,68FLE Diversified Alpha Plus mmmmm -2,39 7,21 6,13FLE Diversified Alpha Plus mmmmm -3,35 6,16 5,08OEM EmergingMktsCorp Dbt mmmmm 19,64 9,73 —OEM EmergingMktsDebt mmmmm 15,45 4,81 7,19OEM EmergingMktsDebt mmmmm 16,62 5,85 8,26OEM EmergingMktsDom. Debt mmmmm 10,82 -1,01 2,93OEM EmergingMktsDom. Debt mmmmm 11,86 -0,04 3,94AZE EmergingMktsEquity mmmmm 15,72 6,01 5,85AZE EmEurop,M-East&Africa Eq mmmmm -3,40 6,10 3,93AZE EmEurop,M-East&Africa Eq mmmmm -4,33 5,07 2,91OEU EuroBond mmmmm 8,53 6,53 4,42OEU EuroBond mmmmm 9,63 7,61 5,47OEU EuroCorporateBond mmmmm 6,38 9,45 5,82OEU EuroCorporateBond mmmmm 5,31 8,35 4,77OEU EuroStrategicBond mmmmm 8,62 7,42 4,98OEU EuroStrategicBond mmmmm 9,70 8,51 6,03OER Europ.Curr.HighYield Bd mmmmm 2,79 10,49 7,32OER Europ.Curr.HighYield Bd mmmmm 3,79 11,60 8,39AER EuropeanEquityAlpha mmmmm 4,28 12,02 9,17AER EuropeanEquityAlpha mmmmm 5,34 13,15 10,29ARE EuropeanProperty mmmmm 28,46 21,39 12,80AEU Eurozone EquityAlpha mmmmm 2,61 15,86 9,36BIL GlobalBalancedRC mmmmm 7,77 7,92 —OIN GlobalBond mmmmm 16,83 4,58 5,95OIN GlobalBond mmmmm 17,99 5,61 7,00AIN GlobalBrands mmmmm 4,08 10,14 9,24AIN GlobalBrands mmmmm 5,13 11,25 10,34AIN GlobalBrands mmmmm 21,77 14,78 14,25AIN GlobalBrands mmmmm 22,01 15,02 14,45AIN GlobalBrands mmmmm 22,99 15,94 15,40OCO GlobalConvertib.Bd mmmmm 1,47 6,69 4,75


1anno 3 anni 5anni


1anno 3 anni 5anni



OCO GlobalConvertible Bond mmmmm 18,74 10,94 9,18OIN GlobalFIOpport. mmmmm 21,79 10,90 —OIN GlobalFIOpport. mmmmm 20,56 9,82 —AZI Global Infrastructure mmmmm 32,20 19,31 —AZI Global Infrastructure mmmmm 33,53 20,51 —AZI Global Infrastructure mmmmm 12,99 14,58 —ARE GlobalProperty mmmmm 31,89 18,04 14,57AAP IndianEquity mmmmm 79,23 21,94 10,70AZE LatinAmerican Equity mmmmm 3,38 -5,95 -1,29OEU Short MaturityEuro Bond mmmmm 0,54 1,95 1,57OEU Short MaturityEuro Bond mmmmm -0,40 0,94 0,57AMA USAdvantage mmmmm 4,98 14,18 13,32AMA USAdvantage mmmmm 6,03 15,32 14,48AMA USAdvantage mmmmm 22,73 18,90 18,39AMA USAdvantage mmmmm 22,97 19,14 18,59AMA USAdvantage mmmmm 23,98 20,10 19,58AMA USGrowth mmmmm 0,64 16,56 13,98AMA USGrowth mmmmm 16,65 20,26 18,05AMA USGrowth mmmmm 17,82 21,47 19,25ARE USProperty mmmmm 52,72 18,26 21,06

nefAZE AzionarioEEMEA mmmmm -6,61 -2,79 -2,22AEU AzionarioEuro mmmmm -1,78 15,35 8,70AIN AzionarioGlobale mmmmm 19,66 12,99 8,29AZE AzionarioPaesi Emergenti mmmmm 26,65 8,19 12,60AMA AzionarioStati Uniti mmmmm 25,80 17,49 13,53ARE Immobiliare mmmmm 17,62 12,80 9,99OEU Obbligaz.Breve Termine mmmmm 1,62 2,35 1,70OCO Obbligaz.Convertibile mmmmm 0,81 — —OEU Obbligaz.Euro mmmmm 7,68 5,82 4,07OEU Obbligaz.EuroCorporate mmmmm 5,88 5,24 4,13OIN Obbligaz.Globale mmmmm 17,84 6,48 5,65OEM Obbligaz.Paesi Emergenti mmmmm 3,52 3,38 4,97

new millenniumsicavOEU Augustum CorporateBond mmmmm 5,17 9,22 5,24OEU Augustum High Qual.Bond mmmmm 2,91 4,99 2,96OER LargeEurope Corporate mmmmm 4,23 6,45 4,41

pharmawhealth manag. company s.a.AZH Pharma/wHealth($) mmmmm 35,93 27,70 18,97

pimco funds: global investor series plcAMP CommPLUSTMStrE($) mmmmm -4,62 -6,26 -1,06OIN DiversInc EDis($) mmmmm 20,24 8,87 10,30OIN DiversInc EEur hdgAcc E mmmmm 2,69 4,73 6,03OIN DiversInc Ehdg mmmmm 2,68 4,73 6,03OIN DiversInc E($) mmmmm 20,33 8,88 10,30OEM EmLocal Bd EAcc unh mmmmm 12,42 0,76 4,99OEM EmLocal Bd EAcc($) mmmmm 12,42 0,77 4,97OEM EmMkts Bd EAcc($) mmmmm 15,97 6,24 9,08OEM EmMkts Bd EEur hdgAcc mmmmm -1,06 2,08 4,76OEM EmMkts Bd E($) mmmmm 15,93 6,24 9,06OEM EmMkts CorpBd E mmmmm -2,79 2,54 —AZE EqS EmMkts FdE unh mmmmm 16,92 2,48 —AER EqS Pathfinder Eu E mmmmm 10,31 11,47 —AIN EqS Pathfinder FdE mmmmm 5,11 8,75 —OEU EuroBond E mmmmm 10,89 8,65 6,73OEU EuroBond EAcc mmmmm 10,81 8,62 6,72OEU EuroCredit E mmmmm 6,88 6,47 —OEU EuroInc.Bd E mmmmm 2,82 7,28 —OEU EuroInc.Bd E mmmmm 2,89 7,31 —

OEU EuroS.-Term EAcc mmmmm 0,97 1,04 0,91OIN Glb Bd EAcc hdg mmmmm 8,85 5,63 6,24OIN Glb Bd EAcc($) mmmmm 27,36 9,69 10,35OIN Glb Bd Ex-US E($) mmmmm 29,90 11,27 11,09OIN Glb H.YBd E($) mmmmm 18,50 10,74 11,44OIN Glb H.Y. Bd EAcc($) mmmmm 18,45 10,74 11,41OIN Glb H.Y. Bd Ehdg Acc mmmmm 1,14 6,51 7,02OIN Glb InvGrCr.E Acc hdg mmmmm 6,52 5,35 5,62OIN Glb InvGrCr.E Acc($) mmmmm 24,58 9,46 9,75OIN Glb InvGrCr.E hdg mmmmm 6,49 5,37 —OIN Glb InvGrCr.E($) mmmmm 24,65 9,45 9,76FLE Glb Multi-AssetEAcc hdg mmmmm 9,53 1,41 2,70FLE Glb Multi-AssetEAcc($) mmmmm 26,11 4,96 6,85OIN Glb RealRetE Acchdg mmmmm 9,35 2,89 4,88OIN Glb RealRetE Acc($) mmmmm 28,13 6,89 8,99OIN GlobalBond E($) mmmmm 27,37 9,70 10,34OAM H.Y. Bd EAcc hdg mmmmm 1,72 6,13 6,96OAM H.Y. Bd EAcc($) mmmmm 18,96 10,36 11,31OAM H.Y. Bd E($) mmmmm 19,02 10,32 11,31OAM LowAvg Durat.E Acc hdg mmmmm 0,33 0,93 1,22OAM LowAvg Durat.E Acc($) mmmmm 17,48 4,88 5,26OAM LowAvg Durat.E($) mmmmm 17,53 4,88 5,27AMA StocksPLUSE($) mmmmm 29,95 22,88 19,53OAM T.R. Bd EAcc hdg mmmmm 3,89 2,80 3,40OAM T.R. Bd EAcc($) mmmmm 21,63 6,79 7,47OAM T.R. Bd E($) mmmmm 21,67 6,79 7,47OIN UnconstrainedBd E mmmmm 1,04 1,29 1,59OIN UnconstrainedBd E($) mmmmm 18,24 5,21 —OIN UnconstrainedBd E($) mmmmm 18,35 5,24 —

pioneer assetmgmt s.a.Pioneer FundsOIN AbsolutRet.Bond E mmmmm -2,42 -0,10 0,13FLE AbsolutRet.M.Str. E mmmmm 4,37 4,45 2,73FLE AbsolutReturn Curr. E mmmmm 4,08 1,65 0,92AAP Asia(ex Japan)Eq. E mmmmm 27,88 9,08 6,04AAP China Eq.E mmmmm 29,47 13,92 —AAP China Eq.F mmmmm 28,51 13,07 —AER Core Europ.Eq. E mmmmm 6,98 13,97 9,36AZE Em. Eur.Med. Eq. E mmmmm -16,95 -3,95 -2,88OEM Em. Mark.Bond LCE mmmmm 12,20 1,44 4,72OEM Em. Mark.Bond LCF mmmmm 11,51 0,83 4,09OEM Em. Mark.Corp. B. 2016E mmmmm -6,69 2,38 —OEM Em. MktsB.E Hed. mmmmm -0,57 5,85 6,47OEM Em. MktsBond E mmmmm 16,34 10,04 10,86OEM Em. MktsBond F mmmmm 15,65 9,27 9,93AZE Em. MktsEq. E mmmmm 9,72 0,28 1,20AZE Em. MktsEq. F mmmmm 8,90 -0,47 0,44OEU EuroAggr.Bond E mmmmm 8,98 7,72 5,98OEU EuroAggr.Bond E D. mmmmm 8,95 7,71 —OEU EuroAggr.Bond F mmmmm 8,54 7,28 5,56OEU EuroAggr.Bond F D. mmmmm 8,53 7,28 —OEU EuroAggreg. Bond EDT mmmmm 8,97 6,03 —OEU EuroBond E mmmmm 11,00 8,33 6,00OEU EuroBond F mmmmm 10,40 7,74 5,42OEU EuroCash Plus E mmmmm 0,30 1,92 1,63OEU EuroCorp. Short T.E mmmmm 0,12 2,83 2,02OEU EuroCorp. Short T.F mmmmm -0,24 2,46 1,66OEU EuroCorpor.Bond E DT mmmmm 4,49 6,55 —OEU EuroCorporateBond E mmmmm 5,95 8,30 6,12OEU EuroCorporateBond F mmmmm 4,87 7,04 5,00OEU EuroH. Y.E mmmmm 0,89 9,64 8,60OEU EuroH. Y.F mmmmm 0,30 8,99 7,96


1anno 3 anni 5anni


1anno 3 anni 5anni



OEU EuroHigh Yield E DT mmmmm -2,56 5,09 —LEE EuroLiquidityE mmmmm -0,17 0,01 —LEE EuroShort T. E mmmmm -0,77 0,39 0,63LEE EuroShort T. F mmmmm -1,13 0,03 0,27OEU EuroStrat.Bond E D. mmmmm 1,63 6,17 —OEU EuroStrat.Bond E DT mmmmm -1,66 2,53 —OEU EuroStrategicBond E mmmmm 1,64 6,18 7,00OEU EuroStrategicBond F mmmmm 1,04 5,54 6,36AEU EurolandEquity E mmmmm 1,40 15,22 10,40AEU EurolandEquity F mmmmm 0,70 14,03 9,38AER Europ.Eq Income ED mmmmm 8,04 12,09 —AER EuropeanEq.Value E mmmmm 8,51 15,81 9,35AER EuropeanPotentialE mmmmm 6,11 20,30 15,36AER EuropeanPotentialF mmmmm 5,01 19,14 14,35AER EuropeanResearchE mmmmm 6,80 14,63 10,38AIN Glb Eq.Tar. IncomeE mmmmm 16,48 13,30 10,52OIN GlobalAggr.Bond E mmmmm 14,77 4,36 6,57OIN GlobalAggr.Bond E DT mmmmm 13,74 2,80 —AIN GlobalEcology E mmmmm 0,62 15,22 9,33OIN GlobalHigh Yield E mmmmm 12,84 9,13 10,09OIN GlobalHigh Yield EDT mmmmm 8,67 3,98 —BIL GlobalMulti Asset E mmmmm 13,97 8,13 —AIN GlobalSelectE mmmmm 21,27 16,67 11,85OIN HY&Em.M.BdOpp.2015E mmmmm -6,89 3,65 —AAP IndianEquity E mmmmm 60,79 13,96 6,28AAP IndianEquity F mmmmm 59,58 13,10 5,51AEU Italian EquityE mmmmm -1,37 12,39 1,79AAP JapaneseEq. E mmmmm 11,94 9,52 4,76AAP JapaneseEq. EHed mmmmm 7,59 19,48 —AMA NorthAmerican Bas. Val. E mmmmm 30,16 19,32 14,89OIN StrategicIncomeE mmmmm 20,27 8,89 9,69OIN StrategicIncomeE DT mmmmm 17,46 5,30 —OIN StrategicIncomeE Hed. mmmmm 2,64 4,73 5,36OIN StrategicIncomeF Hed. mmmmm 2,12 3,88 4,38AER TopEurop. Play. E mmmmm 7,35 14,85 11,24AER TopEurop. Play. F mmmmm 6,55 13,99 10,41OAM U.S.Dollar Aggregate Bd E mmmmm 22,15 8,03 9,09LAM U.S.Dollar Short T. E mmmmm 17,27 6,02 6,17LAM U.S.Dollar Short T. F mmmmm 16,89 5,65 5,80AMA U.S.Fundam. Growth E mmmmm 32,10 21,75 20,17AMA U.S.Fundam. Growth F mmmmm 31,11 20,84 19,28AMA U.S.Pioneer FundE mmmmm 26,88 17,79 15,01AMA U.S.Pioneer FundE Hed. mmmmm 8,78 13,21 9,98AMA U.S.Pioneer FundF mmmmm 25,89 16,88 14,14AMA U.S.Res. Value E mmmmm 24,47 17,28 14,75AMA U.S.Research E mmmmm 25,66 18,44 16,52AMA U.S.Research EHed. mmmmm 7,76 13,89 11,40AMA U.S.Research F mmmmm 24,70 17,60 15,65AMA UsMidCap ValueE mmmmm 28,22 18,92 15,49Pioneer PFBIL GlobalBalanced50 E mmmmm 14,10 10,55 —BIL GlobalDefensive20 E mmmmm 11,22 8,67 6,12Pioneer SFOEU EuroCurve1-3y E mmmmm 0,30 1,52 1,27OEU EuroCurve1-3y F mmmmm -0,10 1,12 0,86OEU EuroCurve10+y E mmmmm 26,70 15,31 9,61OEU EuroCurve3-5y E mmmmm 3,68 4,09 3,24OEU EuroCurve3-5y F mmmmm 3,12 3,52 2,67OEU EuroCurve7-10y E mmmmm 14,19 10,02 6,32Pioneer SSFFLE Asia21/12/2015 E mmmmm 1,80 4,65 —FLE Bric03/12/2015 E mmmmm 1,07 3,88 —FLE Bric15/12/2015 E mmmmm 0,43 3,55 —

FLE Bric4/12/2015 E mmmmm 0,10 3,75 —OEU Obb.Euro 02/2016E mmmmm 2,12 3,91 —OEU Obb.Euro 03/2016E mmmmm -0,60 2,84 —OEU Obb.Euro 05/2016E mmmmm -0,35 3,73 —OEU Obb.Euro 06/2016E mmmmm 2,50 4,48 —OEU Obb.Euro 08/2016E mmmmm 2,87 5,68 —OEU Obb.Euro 09/2015E mmmmm -0,53 2,81 —OEU Obb.Euro 11/2015E mmmmm 1,63 3,61 —OEU Obb.Euro 12/2015E mmmmm -0,30 3,28 —OEU Obb.Euro Più02/2016 E mmmmm 2,29 4,12 —OEU Obb.Euro Più03/2016 E mmmmm -0,59 3,34 —OEU Obbl.Euro 05/2015E mmmmm -1,17 1,91 —

planetarium fundAMA AmericanSelection($) mmmmm 21,77 17,36 —FLE AnthiliaRed A mmmmm 2,37 5,78 2,90FLE AnthiliaWhite A mmmmm 2,19 3,19 —OAM DollarBonds A($) mmmmm 17,98 6,54 6,79OEU Eurocurrencies BondsA mmmmm 2,31 4,72 3,36FLE Flex90 mmmmm 5,76 9,43 5,74AER FundamentalEurop. Sel. A mmmmm 8,56 13,72 —

popso (suisse) invest. fund sicavOEU EuroBond mmmmm 6,17 4,64 3,33OEU EuroCorporateBd mmmmm 4,83 4,67 —OCO GlobalConvertible Bd mmmmm 4,35 7,58 5,25OEU Short MaturityEuro Bond mmmmm 1,11 1,94 1,38OER SwissFranc Bond (Chf) mmmmm 22,63 8,38 9,12OIN TotalReturn Bond mmmmm 2,28 2,11 —OAM UsaDollar Bond ($) mmmmm 17,10 3,84 4,53

rinascimentosicavAER Augustum GAMES mmmmm 5,31 13,17 7,34

robeco samAIN RobecoSAMHeal LivEUR/B mmmmm 24,61 19,72 15,25AMP RobecoSAMMaterialEUR/B mmmmm 10,78 8,52 11,09AUT RobecoSAMS.WaterEUR/B mmmmm 16,30 18,73 10,70AEN RobecoSAMSmEnergy EUR/B mmmmm 7,88 6,55 -0,19AIN RobecoSAM SustGlob Eq EUR/B mmmmm 18,29 14,59 11,85

roveresicavBIL Bilanciato Obblig.RC mmmmm 4,62 5,08 2,48OEU Obbl. B.TermineRC mmmmm 1,29 2,01 1,63

symphonia lux sicavFLE SymphoniaAltoValore mmmmm 0,98 6,15 2,06

ubipramericaUBI SicavAAP AsiaPacific Eq.-R mmmmm 16,25 10,40 8,45OEU CedolaCer2012-15-R mmmmm 1,89 6,39 —OEM EmergingMarket Bd.-R mmmmm 13,34 1,25 —AZE EmergingMktsEq.-R mmmmm 15,47 3,22 4,73OEU EuroCorp. Bond-R mmmmm 4,72 6,89 4,31OEU EuroFixedInc.-R mmmmm 9,53 6,73 3,93BIL GlobalDyn.All.-R mmmmm 8,58 6,54 —OIN High Yield Bond-R mmmmm -0,04 5,56 6,55OEU Short TermEUR R mmmmm 0,76 1,75 0,59

vontobel invest. fundsOIN AbsRet Bd mmmmm 4,68 2,69 1,77OIN Abs. Return Bd mmmmm 4,72 2,71 1,79


1anno 3 anni 5anni


1anno 3 anni 5anni



OIN Abs. Return Bd (Chf) mmmmm 28,46 8,80 9,18OIN Abs. Return Bd (Chf) mmmmm 28,55 8,82 9,20AMP BelvistaComm. mmmmm -21,66 -12,84 -7,21AAP China StarsEq ($) mmmmm 35,55 14,39 10,68OEM EasternEuropean Bd mmmmm 0,65 1,62 1,58AZE EmergingMktsEq mmmmm 8,40 4,30 8,03AZE EmergingMktsEq ($) mmmmm 26,16 8,08 12,43AZE EmergingMktsEq ($) mmmmm 26,92 8,73 13,10OEU EURCorp Bd Mid Yield mmmmm 9,17 9,45 6,82OEU EuroBd mmmmm 11,94 9,08 5,64LEE EuroMoney mmmmm 0,43 0,64 0,99AER Europ.Equity mmmmm 11,33 13,87 11,74AAP FarEastEq ($) mmmmm 38,63 14,76 14,40AIN GlbEquity mmmmm 6,38 11,88 10,52AIN GlbEquity($) mmmmm 24,60 16,75 16,15AIN GlbEquityEx-US ($) mmmmm 20,02 12,19 11,28AEN NewPower mmmmm -1,16 9,64 3,15AZE SustEm. Mkts Leaders($) mmmmm 28,33 7,82 —OER SwissFranc Bd (Chf) mmmmm 29,67 9,67 11,20AER SwissMid&SmCapEq (Chf) mmmmm 17,85 20,75 12,92

LEE SwissMoney (Chf) mmmmm 23,24 6,90 8,33FLE TargetReturn mmmmm 1,70 2,03 —LAM USDollar Money($) mmmmm 17,18 4,29 4,28AMA USEquity ($) mmmmm 25,02 20,90 18,68

willerfundsmanag. comp.WillerbondOER Europ.Currencies mmmmm 4,72 2,80 2,61WillerequityAAP SouthEastAsia($) mmmmm 24,53 10,85 9,71

zenit multistrategy sicavAEU StockPicking I mmmmm -8,23 12,96 3,39

zest asset mgmt sicavFLE AbsoluteReturn VaR4 mmmmm 3,87 3,93 3,57FLE DynamicOpp. mmmmm -4,77 -3,00 -0,31FLE GlobalStrategyR mmmmm 6,39 1,87 3,69OEU ZEST GlobalValueR1 mmmmm 2,99 3,04 3,04


1anno 3 anni 5anni


1anno 3 anni 5anni


la top 100 dei fondi esteri elaborazione Ufficio Studi de Il Sole-24Ore su dati

1 FrostrowCapital LLPGB0000385517(GBR) 55,51 42,01 22,63

2 DanskeInvest InvesteringsforeningenDK0010264456(DNK) 46,12 33,05 22,02

3 First StateInvestments (Hong Kong) LtdIE0008369930(IRL) 31,52 21,82 21,84

4 Erste Sparinvest Kapitalanlagesellschaft mbHAT0000746748(AUT) 43,19 33,66 18,36


6 First StateInvestment Management(UK) LimitedGB0007836132(GBR) 18,97 20,35 17,50

7 DNBAsset Management ASNO0010337678(NOR) 18,98 17,83 17,20

8 ComgestAsset Management International LtdIE00B03DF997(IRL) 20,22 10,38 17,09

9 Aberdeen Asset ManagersLimitedGB0000100767(GBR) 19,69 24,42 16,71


11 Standard Life Investments LimitedGB0002959582(GBR) 19,02 21,94 16,42

12 ValuePartners LimitedKYG9317Q1047(CYM) 12,94 9,41 16,25

13 LB(Swiss) InvestmentAGCH0019597530(CHE) 22,04 18,85 16,14

14 LansforsakringarFondforvaltning ABSE0000837338(SWE) 21,76 21,93 15,98

15 HSBCInvestmentFunds (Hong Kong) LimitedKYG4642D3573 (CYM) 15,61 7,97 15,93

16 AXA InvestmentManagers UK LtdGB0031007254(GBR) 46,72 33,15 15,92

17 SemperConstantia Invest GmbHAT0000831425(AUT) 6,35 7,19 15,85

18 CCR Asset Management SAFR0007028063(FRA) 44,05 29,57 15,82

19 AIMSAsset ManagementSdb BhdVGG0411N1050(VGB) 18,76 20,53 15,70

20 FrostrowCapital LLPGB0003385308 (GBR) 39,99 29,60 15,52

21 SVLife Sciences Managers LLPGB0004559349(GBR) 48,65 35,18 15,37

22 First StateInvestments (Hong Kong) LtdIE0031814852 (IRL) 14,64 12,91 15,28

23 JFIndia Management LimitedMU0129U00005(MUS) 17,29 10,79 15,18

24 DNBAsset Management AS(Sweden)SE0000432809(SWE) 21,46 19,21 15,08

25 Wellington ManagementCompany LLPIE00B0590K11(IRL) 35,66 25,44 15,03

26 BlackRock InvestmentManagement (UK) LimitedGB0006436108(GBR) 26,83 26,88 15,02

27 GlobalInvestment Opportunities Fund LimitedMU0164S00238(MUS) 23,18 11,81 14,95

28 BaillieGifford & CoLtdGB00BLDYK618(GBR) 28,89 23,64 14,95

29 DeutscheAsset & Wealth Management InvestmentGmbHDE0009769976(DEU) 45,74 33,92 14,95

30 Jupiter Asset ManagementLtdGB0000197722(GBR) 30,44 24,92 14,85

31 Allan GrayInternational (Proprietary) LimitedBMG0177P1041(BMU) 10,09 12,33 14,83

32 LanneboFonder ABSE0000740698(SWE) 20,26 17,78 14,80

33 ValuePartners LimitedKYG9317Q1120(CYM) 11,51 9,94 14,76

34 JyskeInvest InvesteringsforeningenDK0010303296 (DNK) 17,97 8,90 14,74

35 BlackRock Asset ManagementDeutschland AGDE000A0H08E0(DEU) 17,39 15,51 14,73

36 DanskeInvest InvesteringsforeningenDK0015710602(DNK) 5,72 9,61 14,63


38 HandelsbankenFonder ABSE0000356065(SWE) 18,74 18,33 14,56


40 SEBInvest InvesteringsforeningenDK0010260629(DNK) 24,24 16,08 14,44

41 LindsellTrain LtdGB0031977944(GBR) 23,00 22,98 14,42

42 GlobalInvestment Opportunities Fund LimitedMU0164S00030(MUS) 27,78 12,67 14,37

43 SydinvestInvesteringsforeningenDK0010169465(DNK) -2,68 1,54 14,36

44 Reichmuth & Co Investmentfonds AGCH0013728990(CHE) 23,28 19,92 14,32

45 UBSFund Management (Switzerland) AGCH0011764310(CHE) 19,43 16,31 14,30

46 ValuePartners LimitedKYG931731056(CYM) 15,56 14,20 14,30

47 DNBAsset Management AS(Sweden)SE0000432775(SWE) 16,78 17,01 14,29

48 Skandia FonderABSE0000810814(SWE) 16,94 17,01 14,25

49 DanskeInvest Engros InvesteringsforeningenDK0016057474(DNK) 5,66 9,73 14,23

50 Classic Fund ManagementAGLI0009024717(LIE) 35,86 25,14 14,22

51 PictetFunds SACH0003299580(CHE) 23,47 15,22 14,15

52 Carnegie FonderABSE0001209834(SWE) 20,61 11,22 14,05

53 JyskeInvest InvesteringsforeningenDK0010293554(DNK) 9,06 6,73 14,05

54 JyskeInvest International InvesteringsforeningDK0016270820 (DNK) 17,56 8,30 14,00

55 Moneta Asset Management SASFR0000994980 (FRA) 23,89 14,60 13,99


57 PTCiptadana Asset ManagementBMG4762X1002(BMU) -0,73 8,30 13,98

58 EnhancedInvestment Products(Cayman) LimitedMU0166S00118(MUS) 14,02 6,15 13,85

59 JyskeInvest International InvesteringsforeningDK0016262801(DNK) 8,99 6,42 13,79

60 EnterpriseInvestment ManagersLimitedMU0185S00167(MUS) 22,71 13,06 13,78

61 Carnegie WorldWide InvesteringsforeningenDK0010249655(DNK) 25,41 15,14 13,77


63 ValuePartners LimitedKYG9317M1033 (CYM) 17,06 13,26 13,68

64 InvescoAsset Management LimitedGB0004535307(GBR) 14,45 13,43 13,64

65 Fondsfinans Kapitalforvaltning ASANO0010047194(NOR) 25,64 18,47 13,63

66 VanguardGroup (Ireland) LimitedIE00B03HCW31(IRL) 28,06 22,06 13,63

società/ rendimannualizz*fondo(paese) 3 anni 5anni 10 anni



la top 100 dei fondi esteri

67 FIL InvestmentServices (UK) LtdGB0003879185(GBR) 10,66 9,87 13,60

68 F&CManagementLimitedGB0000175058(GBR) 22,28 21,47 13,57

69 PersistentEdge Asset Management PteLtdKYG7043R1074(CYM) 12,12 11,35 13,54


71 EnhancedInvestment Products(Cayman) LimitedMU0165S00110(MUS) 12,73 7,27 13,51

72 Birla SunLife Asset Management Co (Mauritius) LtdMU0196S00230(MUS) 20,70 10,27 13,49

73 BaringInternational Fund Managers (Ireland)LtdIE0000829238(IRL) 9,93 5,03 13,47

74 JPMorgan Asset Management(UK) LimitedGB0003450359(GBR) 19,05 10,94 13,42

75 FIL InvestmentServices (UK) LtdGB0003371407(GBR) 11,29 9,93 13,41

76 Allianz GlobalInvestors GmbH -FrankfurtDE0008481862(DEU) 35,59 26,60 13,41

77 FindlayPark Funds plcIE0002458671 (IRL) 20,34 18,63 13,40

78 Swedbank Robur Fonder ABSE0000602302(SWE) 17,25 16,20 13,38

79 EnterFonder ABSE0001172362(SWE) 15,53 14,25 13,36

80 Prosperity CapitalManagement LimitedKYG7273W1078(CYM) -13,64 -2,23 13,36

81 Didner & GergeFonder ABSE0000428336 (SWE) 19,12 17,63 13,36

82 F&CInvestmentBusiness LimitedGB0030738271(GBR) 24,24 18,81 13,34

83 VontobelFonds Services AGCH0023568022(CHE) 20,33 14,29 13,34

84 ValuePartners LimitedKYG9316N1025 (CYM) 14,50 11,20 13,32

85 BankInvest InvesteringsforeningenDK0010266741(DNK) 15,49 15,04 13,30

86 Aberdeen FundManagers LtdGB0033228197 (GBR) 5,71 9,03 13,28

87 Investeringsforeningen Sydinvest InternationalASDK0016259260(DNK) -2,49 1,92 13,25

88 InvestecFund Managers LtdGB0031075558(GBR) 21,32 21,28 13,25

89 ODINForvaltning ASNO0010062953(NOR) 18,53 16,91 13,23

90 Allianz GlobalInvestors IrelandLtdIE0002817751(IRL) 11,53 6,95 13,20

91 Schroder InvestmentManagement LtdGB0006108418(GBR) 28,81 23,48 13,14

92 Franklin Templeton Investment ManagementGB0008829292 (GBR) 2,75 5,41 13,12

93 InvescoFund Managers LtdGB0033028332(GBR) 17,94 11,11 13,12

94 VanguardGroup (Ireland) LimitedIE0034156459(IRL) 27,77 27,34 13,10

95 Henderson GlobalInvestors LtdGB0009065060(GBR) 32,24 27,39 13,10

96 HandelsinvestInvesteringsforeningenDK0010232768(DNK) 26,05 16,97 13,10

97 OP-Rahastoyhtio OyFI0008807292(FIN) 15,49 9,39 13,06

98 Alfred Berg Kapitalforvaltning ASNO0010105489(NOR) 16,41 11,38 13,05

99 BlackRock Asset ManagementDeutschland AGDE000A0H08H3(DEU) 17,56 16,03 13,05

100 DanskeInvest InvesteringsforeningenDK0010257831(DNK) -3,49 2,73 13,05

LEGENDALatabellamostra imigliori fondicomuninelmondo perperfomance lordaa10 anni(nonautorizzatialcollocamentoin Italia).SiglePaesi:A=Austria;ANT =Antille;B=Belgio;BHS= Bahamas;BMU=Bermuda; CH =Svizzera;CYM =Isole Cayman;D=Germania;DK=Danimarca;DUB=Dubai;E=Spagna;EST=Estonia; F=Francia;FIN=Finlandia;GGY=Guensey;HUN =ungheria; IOM= IsoladiMan; IRL=Irlanda;JER=Jersey;L =Lussemburgo;MLT=Malta;MUS=Mauritius;NL=Olanda; NOR=Norvegia;P =Portogallo;POL=Polonia;SVN=Slovenia; SWE=Svezia;TTO =TrinidadandTobago;VGB =BritishVirgin Island;UK =Gran Bretagna.* i rendimenti annualizzatisonocalcolatisu quoteespresse ineuro.




fondi pensione aperti elaborazione Ufficio Studi de Il Sole-24Ore in collaborazione con

ALLEANZA ASSICURAZIONIAZ AlMeglioAzionario mmmmm nnnnn 29.12 6,30 53,60 32,79 32,84BBRAlMeglioBilanciato mmmmm nnnnn 29.12 6,11 29,27 18,77 19,92OBRAlMeglioObbligaz. mmmmm nnnnn 29.12 6,40 4,94 10,88 8,72

ALLIANZInsiemeAZ LineaDinamica mmmmm nnnnn 08.01 — 60,30 — —BB LineaSerena mmmmm nnnnn 08.01 — 40,51 — —OBRLineaSicura mmmmm nnnnn 08.01 — — — —BO LineaTranquilla mmmmm nnnnn 08.01 — 22,33 — —L.A. PrevidenzaBB L.A. Previd. Bilanciata mmmmm nnnnn 07.01 — 33,82 — —OBRL.A. Previd. Garantita mmmmm nnnnn 07.01 — 8,58 — —BA L.A. Previd. Internaz. mmmmm nnnnn 07.01 — 28,56 — —BOCL.A. Previd. Protetta mmmmm nnnnn 07.01 — 32,17 — —PrevirasOBRLinea1 Obbligaz. mmmmm nnnnn 08.01 — 8,61 — —BOCLinea2 Obb. Mista mmmmm nnnnn 08.01 — 32,54 — —BB Linea3 Bilanciata mmmmm nnnnn 08.01 — 44,25 — —AZ Linea4 Az. Int. mmmmm nnnnn 08.01 — 57,78 — —

AMUNDI A. M.SecondaPensioneF.P.A.MO SPDifensiva mmmmm nnnnn 30.12 5,59 13,27 14,60 13,58AZ SPEspansione mmmmm nnnnn 30.12 9,23 45,58 36,17 26,83FLCSPGarantita mmmmm nnnnn 30.12 5,51 5,38 10,95 12,38BO SPProgressiva mmmmm nnnnn 30.12 9,25 39,78 30,49 26,86BO SPSicurezza mmmmm nnnnn 30.12 6,21 27,55 20,45 17,31BB SPSviluppo mmmmm nnnnn 30.12 11,03 45,29 36,89 29,74

ARCAArcaPrevidenzaAZ LineaAltaCrescita mmmmm nnnnn 30.12 10,29 — 48,74 56,20AZ LineaAltaCrescita C mmmmm nnnnn 30.12 10,74 — — —AZ LineaAltaCrescita R mmmmm nnnnn 30.12 11,23 — 52,20 61,21BB LineaCrescita mmmmm nnnnn 30.12 10,40 — 37,26 42,85BB LineaCrescita C mmmmm nnnnn 30.12 10,74 — — —BB LineaCrescita R mmmmm nnnnn 30.12 11,21 — 40,08 47,02MOCLineaGaranzia mmmmm nnnnn 30.12 0,09 5,04 4,26 4,93OBCLineaGaranzia C mmmmm nnnnn 30.12 0,26 5,04 — —MOCLineaGaranzia R mmmmm nnnnn 30.12 0,62 5,04 5,82 7,23FLCLineaObiettivo TFR mmmmm nnnnn 30.12 1,13 — 12,61 11,21OBCLineaObiettivo TFR C mmmmm nnnnn 30.12 1,44 — — —FLCLineaObiettivo TFR R mmmmm nnnnn 30.12 1,87 — 14,89 14,39BO LineaRendita mmmmm nnnnn 30.12 10,57 — 28,63 32,84OB LineaRendita C mmmmm nnnnn 30.12 10,91 — — —BO LineaRendita R mmmmm nnnnn 30.12 11,38 — 31,27 36,71

ASSIMOCO VITAF.P.A.Il MelogranoAZ LineaDinamica mmmmm nnnnn 31.12 6,83 43,94 28,34 24,13BB LineaEquilibrata mmmmm nnnnn 31.12 7,19 34,37 22,34 21,46BO LineaGarantita mmmmm nnnnn 31.12 8,04 17,83 18,54 16,46OB LineaPrudente mmmmm nnnnn 31.12 6,93 24,05 15,27 17,59

AVIVAAvivaBA L.Inv. Azionaria mmmmm nnnnn 31.12 8,78 — 39,40 42,66BB L.Inv. Bilanciata mmmmm nnnnn 31.12 12,19 — 34,80 36,94OB L.Inv.Gar.Rend.Mn.Pres mmmmm nnnnn 31.12 14,39 25,86 26,70 27,97BO L.Inv.Gar.Rest.Capitale mmmmm nnnnn 31.12 14,26 — 29,39 30,72

BO L.Inv. Obbligazionaria mmmmm nnnnn 31.12 14,47 — 33,06 35,94AvivaAss. V. UBI Prev.BA C.Aggressivo Cl.C mmmmm nnnnn 23.12 10,79 41,41 41,65 46,54BA C.AggressivoCl.I mmmmm nnnnn 23.12 10,32 44,80 39,84 43,40BOCC.Capital.Sicuro mmmmm nnnnn 23.12 0,79 6,44 6,34 3,51BB C.Dinamico Cl.C mmmmm nnnnn 23.12 9,43 31,13 28,37 35,48BB C.Dinamico Cl.I mmmmm nnnnn 23.12 9,13 31,98 27,35 33,67OB C.Garantito mmmmm nnnnn 23.12 0,74 7,90 5,19 4,04BO C.ModeratoCl.C mmmmm nnnnn 23.12 7,23 28,42 17,52 23,47BO C.ModeratoCl.I mmmmm nnnnn 23.12 7,18 21,30 17,33 23,12BO C.PrudenteCl.C mmmmm nnnnn 23.12 6,00 18,05 13,38 17,13BO C.PrudenteCl.I mmmmm nnnnn 23.12 5,97 18,05 13,29 16,97

AXAASSICURAZIONIMO CompartoConservativo mmmmm nnnnn 29.12 -0,21 — -0,22 -0,34BA CompartoDinamico mmmmm nnnnn 29.12 7,71 52,91 30,15 27,67BO CompartoEquilibrato mmmmm nnnnn 29.12 5,94 38,54 24,08 23,90BORCompartoGarantito mmmmm nnnnn 29.12 0,67 7,93 5,41 5,95BO CompartoPrudente mmmmm nnnnn 29.12 8,55 28,43 23,48 25,30

AXAMPS ASSICURAZIONI VITAAxa MPSPrevidenza in AziendaBB LineaCombinata mmmmm nnnnn 30.12 9,59 38,26 35,32 40,47BO LineaEquilibrio mmmmm nnnnn 30.12 7,40 29,42 22,33 27,90BOCLineaSicura mmmmm nnnnn 30.12 0,53 7,27 3,74 2,64BA LineaSviluppo mmmmm nnnnn 30.12 10,77 42,41 46,04 50,47OB LineaTenuta mmmmm nnnnn 30.12 2,51 20,04 5,22 10,70Axa MPSPrevidenza perTeBA LineaCrescita mmmmm nnnnn 30.12 10,41 42,41 44,44 47,60BOCLineaGarantita mmmmm nnnnn 30.12 0,14 7,27 2,40 0,80BB LineaMista mmmmm nnnnn 30.12 9,11 38,26 33,66 37,82OB LineaMoneta mmmmm nnnnn 30.12 2,24 20,04 4,20 9,33BO LineaStabilità mmmmm nnnnn 30.12 7,04 29,42 21,11 26,35

AZIMUT PREVIDENZABA CompartoCrescita mmmmm nnnnn 30.12 1,80 — 23,45 13,00BA Comp. Crescita Cl.C mmmmm nnnnn 30.12 2,10 — — —BB CompartoEquilibrato mmmmm nnnnn 30.12 3,74 — 18,12 12,45BA Comp.Equilibrato Cl.C mmmmm nnnnn 30.12 3,99 — — —BORCompartoGarantito mmmmm nnnnn 30.12 6,70 — 17,25 15,44BA CompartoObbligaz. mmmmm nnnnn 30.12 5,14 — — —BA Comp. Obbligaz.Cl.C mmmmm nnnnn 30.12 5,11 — — —BO CompartoProtetto mmmmm nnnnn 30.12 2,04 — 5,78 1,91BA Comp. ProtettoCl.C mmmmm nnnnn 30.12 2,19 — — —

BAP VITA E PREVIDENZABap Pensione2007BO LineaEquilibrio mmmmm nnnnn 31.12 3,48 27,73 18,39 8,93BO LineaEquilibrioA mmmmm nnnnn 31.12 4,15 27,73 20,16 12,07BA LineaInvestimento mmmmm nnnnn 31.12 2,05 33,02 26,66 7,32BA LineaInvestimento A mmmmm nnnnn 31.12 2,83 33,02 29,44 11,52OBRLineaTFR mmmmm nnnnn 31.12 2,15 12,37 7,44 5,07OBRLineaTFR A mmmmm nnnnn 31.12 2,68 12,37 9,12 7,86

BCC RISPARMIO & PREVIDENZAAZ Aureocomparto az. mmmmm nnnnn 30.12 8,25 53,67 36,82 37,81BB Aureocomparto bil. mmmmm nnnnn 30.12 5,98 34,33 22,82 26,08MO Aureocomparto gar. mmmmm nnnnn 30.12 0,29 1,86 1,61 2,79OB Aureocomp. obbl. mmmmm nnnnn 30.12 3,81 11,22 5,93 11,34

BIM VITABB BimVita Bil.Globale mmmmm nnnnn 31.12 3,86 26,05 28,59 16,99

categ fondi rating data perf% bench perf% perf%individ collett 1anno 3 anni 3 anni 5anni



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OB BimVita Bond mmmmm nnnnn 31.12 6,83 20,71 16,58 19,52BO BimVita Equilibrio mmmmm nnnnn 31.12 5,94 22,98 17,50 17,08AZ BimVita Equity mmmmm nnnnn 31.12 4,85 32,06 43,45 18,74

CASSACENTRALE RAIFFEISENRaiffeisenF.P.A.BO LineaActivity mmmmm nnnnn 31.12 7,24 28,81 26,61 27,10BA LineaDynamic mmmmm nnnnn 31.12 3,50 27,73 31,49 25,06OB LineaSafe mmmmm nnnnn 31.12 9,23 29,49 20,43 23,35

CREDEMPREVIDENZAAZ C.Azionario A mmmmm nnnnn 31.12 12,28 50,71 41,65 44,81AZ C.Azionario B mmmmm nnnnn 31.12 12,78 50,71 43,61 48,15BB C.Bilanciato A mmmmm nnnnn 31.12 12,48 41,60 35,59 35,75BB C.Bilanciato B mmmmm nnnnn 31.12 12,78 41,60 36,69 37,61FL C.Flessibile A mmmmm nnnnn 31.12 6,96 — — —FL C.Flessibile B mmmmm nnnnn 31.12 6,97 — — —BORComp. Obb. Gar.A mmmmm nnnnn 31.12 10,60 37,13 27,04 25,15BORComp. Obb. Gar.B mmmmm nnnnn 31.12 10,69 37,13 27,35 25,68

CRÉDITAGRICOLE VITAAZ Taro mmmmm nnnnn 31.12 12,43 49,35 38,81 49,33AZ TaroCl.A mmmmm nnnnn 31.12 12,92 49,35 40,62 52,58AZ TaroCl.B mmmmm nnnnn 31.12 13,33 49,35 42,16 55,39BORTicino mmmmm nnnnn 31.12 5,07 22,98 20,62 18,41BO TicinoCl.A mmmmm nnnnn 31.12 5,47 22,98 22,04 20,72BO TicinoCl.B mmmmm nnnnn 31.12 5,95 22,98 23,69 23,48BB Trebbia mmmmm nnnnn 31.12 14,29 45,64 35,90 47,41BB Trebbia Cl.A mmmmm nnnnn 31.12 14,80 45,64 37,70 50,66BB Trebbia Cl.B mmmmm nnnnn 31.12 15,01 45,64 38,47 52,25

CREDITRASVITAUnicreditAZ LineaDinamica mmmmm nnnnn 08.01 — 57,78 — —BB LineaSerena mmmmm nnnnn 08.01 — 44,25 — —OBRLineaSicura mmmmm nnnnn 08.01 — 8,61 — —BOCLineaTranquilla mmmmm nnnnn 08.01 — 32,54 — —

GENERALIITALIAFondoPensione Aperto INABO Inv. Bilanciato mmmmm nnnnn 31.12 9,36 32,29 27,56 29,15BOCInv. CapitaleGarant. mmmmm nnnnn 31.12 1,41 11,62 10,11 9,36BA Inv. Crescita mmmmm nnnnn 31.12 6,87 44,37 36,55 36,14BO Inv. Protezione mmmmm nnnnn 31.12 3,74 14,21 12,76 12,34BORInv. Rendim.Garant. mmmmm nnnnn 31.12 8,45 25,21 20,35 20,99BO Inv. TFR Garant.2015 mmmmm nnnnn 31.12 4,86 3,68 27,60 —BO Inv. TFR Garant.2023 mmmmm nnnnn 31.12 14,68 3,68 54,91 —BO Inv. TFR Garant.2033 mmmmm nnnnn 31.12 22,92 3,68 63,15 —PrevigenGlobalBB Balance mmmmm nnnnn 31.12 10,01 30,24 28,83 34,31BORBond mmmmm nnnnn 31.12 7,16 24,38 20,74 21,13AZ Capital mmmmm nnnnn 31.12 8,58 43,81 37,97 41,97PrevigenValoreBB Genbalance mmmmm nnnnn 31.12 9,21 30,24 26,77 31,73OBRGenbond mmmmm nnnnn 31.12 6,89 21,01 16,24 16,09BORGenbondPiù mmmmm nnnnn 31.12 6,46 24,38 18,39 17,02AZ Gencapital mmmmm nnnnn 31.12 8,49 43,81 36,47 38,63

HDIASSICURAZIONIF.P.A.Azionedi PrevidenzaAZ LineaDinamica mmmmm nnnnn 15.12 -3,27 25,04 28,42 13,64BO LineaEquilibrata mmmmm nnnnn 15.12 4,25 15,08 26,12 22,20

BOCLineaGarantita mmmmm nnnnn 15.12 8,92 7,86 25,25 25,25OB LineaPrudente mmmmm nnnnn 15.12 7,78 6,63 23,97 21,88

INTESASANPAOLO VITAF.P.AGiustinianoBA GiustinianoAzionaria mmmmm nnnnn 30.12 13,60 54,90 44,50 55,79BO GiustinianoBil. mmmmm nnnnn 30.12 12,28 44,34 34,04 42,25OB GiustinianoMon. mmmmm nnnnn 30.12 1,48 8,22 6,10 7,16OB GiustinianoObblig. mmmmm nnnnn 30.12 10,27 73,61 20,16 23,89BOCGiustinianoTFR + mmmmm nnnnn 30.12 1,31 8,88 8,89 12,98F.P.APrevidSystemBO AccumulazioneBilan. mmmmm nnnnn 30.12 8,90 33,97 25,42 32,88BO CrescitaDinamica mmmmm nnnnn 30.12 6,85 19,20 14,53 19,76BO CrescitaPrudente mmmmm nnnnn 30.12 5,57 12,71 10,18 15,26BA RivalutazioneAz. mmmmm nnnnn 30.12 10,86 49,68 39,19 47,53BORTFR + mmmmm nnnnn 30.12 1,19 8,88 8,44 12,08F.P.A.Il Mio DomaniBO LineaBreve Termine mmmmm nnnnn 30.12 0,58 3,64 17,12 18,52BO LineaB. Termine Cl. C mmmmm nnnnn 30.12 0,79 3,64 — —AZ LineaLungo Termine mmmmm nnnnn 30.12 6,10 — 48,21 47,91FL LineaL. Termine Cl.C mmmmm nnnnn 30.12 6,17 — — —BB LineaMedio Termine mmmmm nnnnn 30.12 2,86 19,11 22,87 19,74FL LineaM. TermineCl.C mmmmm nnnnn 30.12 3,03 19,11 — —BORLineaTFR mmmmm nnnnn 30.12 1,03 8,88 9,62 13,97BO LineaTFR Cl.C mmmmm nnnnn 30.12 1,28 8,88 — —F.P.A.Intesa Mia PrevidenzaBO PianoPrev.Accumulo mmmmm nnnnn 30.12 9,36 35,63 26,49 27,22MOCPianoPrevid.Capitale mmmmm nnnnn 30.12 3,01 15,33 10,32 9,50BO PianoPrevid.Crescita mmmmm nnnnn 30.12 7,15 23,33 18,01 22,88BA PianoPrev.Dinamico mmmmm nnnnn 30.12 10,10 44,92 34,82 35,14OB PianoPrevid.Reddito mmmmm nnnnn 30.12 5,95 21,41 15,53 15,06F.P.A.Sanpaolo PrevidenzaBA LineaBil.Azionaria mmmmm nnnnn 31.12 5,99 51,70 35,38 34,47BB LineaBilanciata mmmmm nnnnn 31.12 7,11 44,56 31,50 31,65MO LineaMonetaria mmmmm nnnnn 31.12 -0,01 1,76 2,00 2,92OB LineaObbligaz. mmmmm nnnnn 31.12 9,89 26,72 20,69 22,30BO LineaProtetta mmmmm nnnnn 31.12 1,96 11,27 9,37 7,95F.P.A.Sanpaolo Previdenza AziendeBA LineaBil.Azionaria mmmmm nnnnn 31.12 6,44 51,70 37,28 37,73BO LineaBil.Obbligaz. mmmmm nnnnn 31.12 8,66 37,43 28,92 30,87BB LineaBilanciata mmmmm nnnnn 31.12 7,51 44,56 33,21 34,51BORLineaGarantita mmmmm nnnnn 31.12 1,53 15,24 6,64 6,70OB LineaObbligaz. mmmmm nnnnn 31.12 10,25 26,72 21,88 24,28

ITAS VITAF.P.A.PensPlan PlurifondsAZ ActivITAS mmmmm nnnnn 31.12 6,80 48,93 29,14 26,73BO AequITAS mmmmm nnnnn 31.12 10,74 40,20 26,17 32,58BOCSecurITAS mmmmm nnnnn 31.12 3,06 7,54 11,43 11,58BO SerenITAS mmmmm nnnnn 31.12 5,91 30,51 18,13 21,74BB SolidITAS mmmmm nnnnn 31.12 6,64 42,79 24,90 26,01

NATIONALE SUISSEVITABO Previsuisse-C.Crescita mmmmm nnnnn 31.10 — — — —BB Previsuisse-C.Dinamica mmmmm nnnnn 31.10 — — — —OBCPrevisuisse-C.Garanz. mmmmm nnnnn 31.10 — — — —

PENSPLANINVEST SGRPensPlanProfi F.P.A.BB CompartoLinea A mmmmm nnnnn 31.12 10,14 40,16 25,94 25,74BO CompartoLinea B mmmmm nnnnn 31.12 6,42 27,85 19,41 22,40OB CompartoLinea C mmmmm nnnnn 31.12 1,17 7,39 6,42 7,14




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Note:C: con garanzia di capitale.R: congaranzia di rendimento.K: con garanzia di capitalee rendimento.

PIONEER INVESTMENT MGMTPioneer FuturoAZ CompartoAzionario mmmmm nnnnn 30.12 6,72 47,31 40,40 44,86BB CompartoBilanciato mmmmm nnnnn 30.12 8,02 38,26 34,23 39,50BO CompartoDT 2015 mmmmm nnnnn 30.12 1,17 36,47 8,93 11,93BO CompartoDT 2020 mmmmm nnnnn 30.12 7,81 28,43 26,75 31,03BB CompartoDT 2025 mmmmm nnnnn 30.12 8,25 43,70 29,07 35,52BB CompartoDT 2030 mmmmm nnnnn 30.12 7,94 47,32 30,88 38,08BA CompartoDT 2035+ mmmmm nnnnn 30.12 6,90 47,32 32,18 40,35MO CompartoGarantito mmmmm nnnnn 30.12 1,58 5,04 8,96 10,97BO Comp. Ob. Br.Periodo mmmmm nnnnn 30.12 1,51 32,86 7,69 10,48OB CompartoOb. Reale mmmmm nnnnn 30.12 2,79 20,05 9,73 12,18BO CompartoPrudente mmmmm nnnnn 30.12 6,49 27,50 24,99 29,48

POPOLARE VITAOBRPopolareBond mmmmm nnnnn 31.12 6,88 20,71 15,30 18,05BORPopolareGest mmmmm nnnnn 31.12 5,99 22,98 16,98 17,36BORPopolareGest Cl.A mmmmm nnnnn 31.12 6,37 22,98 18,26 19,48BORPopolareGest Cl.B mmmmm nnnnn 31.12 6,42 22,98 18,46 —BB PopolareMix mmmmm nnnnn 31.12 7,77 30,96 29,09 27,92BB PopolareMix Cl.A mmmmm nnnnn 31.12 8,19 30,96 30,64 30,48

REALE MUTUA ASSICURAZIONIBB Teseo-L.Bilanc.Etica mmmmm nnnnn 31.12 7,73 11,36 27,92 26,15MORTeseo-L.Garan. Etica mmmmm nnnnn 31.12 3,37 5,04 10,72 10,12OB Teseo-L.Prud. Etica mmmmm nnnnn 31.12 9,64 28,39 19,86 23,73AZ Teseo-L.Svil.Etica mmmmm nnnnn 31.12 3,30 26,05 37,01 24,09

TORO DI GENERALIITALIAAZ LineaAzionaria mmmmm nnnnn 31.12 8,68 53,38 38,14 36,46AZ LineaAzionaria A mmmmm nnnnn 31.12 9,37 53,38 40,98 40,82AZ LineaAzionaria B mmmmm nnnnn 31.12 9,37 53,38 41,16 41,24AZ LineaAzionaria C mmmmm nnnnn 31.12 9,52 53,38 41,69 42,02BBRLineaBil. Garanzia mmmmm nnnnn 31.12 10,98 29,03 22,04 24,74BBRLineaBil. Garanzia A mmmmm nnnnn 31.12 10,98 29,03 22,04 24,75BBRLineaBil. Garanzia B mmmmm nnnnn 31.12 10,85 29,03 — —BBRLineaBil. Garanzia C mmmmm nnnnn 31.12 10,97 29,03 22,01 24,74OBRLineaObbl. Garanzia mmmmm nnnnn 31.12 11,05 16,98 14,88 13,19OBRL. Obbl.Garanzia A mmmmm nnnnn 31.12 11,55 16,98 16,44 15,74OBRL. Obbl.Garanzia B mmmmm nnnnn 31.12 11,65 16,98 16,76 16,29OBRL. Obbl.Garanzia C mmmmm nnnnn 31.12 11,75 16,98 17,06 16,80

UNIPOLSAIF.P.A.Conto PrevidenzaAZ Comp.Azionario mmmmm nnnnn 31.12 7,83 43,60 33,80 39,32AZ Comp.AzionarioA mmmmm nnnnn 31.12 8,69 43,60 37,09 45,01AZ Comp.AzionarioB mmmmm nnnnn 31.12 8,73 43,60 37,26 45,34BB Comp.Bilanciato mmmmm nnnnn 31.12 9,64 36,76 30,27 31,94BB Comp.BilanciatoA mmmmm nnnnn 31.12 10,25 36,76 32,55 35,74BB Comp.BilanciatoB mmmmm nnnnn 31.12 10,28 36,76 32,71 36,07BORComp.Garantito mmmmm nnnnn 31.12 10,53 22,98 22,91 21,82BORComp.GarantitoA mmmmm nnnnn 31.12 11,02 22,98 24,56 24,55BORComp.GarantitoB mmmmm nnnnn 31.12 11,06 22,98 24,73 24,86OB C.Obbigazionario mmmmm nnnnn 31.12 9,26 17,75 15,26 18,81OB C.ObbigazionarioA mmmmm nnnnn 31.12 9,75 17,75 16,80 21,48OB C.ObbigazionarioB mmmmm nnnnn 31.12 9,81 17,75 16,98 21,79FLRComp.PremiumTFR mmmmm nnnnn 31.12 4,42 — 12,73 15,61

F.P.A.Fondiaria PrevidenteAZ Comp.Azionario mmmmm nnnnn 31.12 8,44 43,60 34,71 37,19BB Comp.Bilanciato mmmmm nnnnn 31.12 9,75 36,76 30,59 32,84BORComp.Garantito mmmmm nnnnn 31.12 10,34 22,98 23,33 21,91MO Comp.Monetario mmmmm nnnnn 31.12 1,37 1,76 5,73 4,50OB C.Obbigazionario mmmmm nnnnn 31.12 9,04 17,75 15,68 18,87F.P.A.SaiOBRComp.Previ-Bond mmmmm nnnnn 31.12 10,64 20,71 19,65 22,39BORComp.Previ-Capital mmmmm nnnnn 31.12 9,40 11,66 18,04 17,74AZ Comp.Previ-Europa mmmmm nnnnn 31.12 6,19 27,34 36,16 25,87BORComp.Previ-Gest mmmmm nnnnn 31.12 10,38 22,98 22,12 20,95AZ Comp.Previ-Global mmmmm nnnnn 31.12 7,14 49,35 31,24 45,74BB Comp.Previ-Mix mmmmm nnnnn 31.12 10,67 30,96 35,70 28,30F.P.A.Unipol InsiemeBOCComp.Crescita mmmmm nnnnn 29.12 11,40 37,82 27,93 34,51BORC.ProtezioneEtica mmmmm nnnnn 29.12 9,58 13,65 19,60 19,96BB Comp.Sviluppo mmmmm nnnnn 29.12 10,69 45,54 38,02 39,25AZ Comp.Valore mmmmm nnnnn 29.12 9,39 56,17 44,93 44,45F.P.A.Unipol PrevidenzaOBRC.A:Obbl.garanzia mmmmm nnnnn 30.12 9,86 28,46 23,37 25,72BORC.B:Obbl.mistagar. mmmmm nnnnn 30.12 11,12 30,05 27,66 27,20BO Comp.C:Obbl.mista mmmmm nnnnn 30.12 10,70 35,74 29,59 31,44BB Comp.D:Bilanciata mmmmm nnnnn 30.12 9,21 43,47 34,46 33,82F.P.A.UnipolSai AssicurazioniOBRComp. Bond mmmmm nnnnn 31.12 10,76 20,71 19,44 22,16OBRComp. BondA mmmmm nnnnn 31.12 11,20 20,71 20,88 24,63OBRComp. BondB mmmmm nnnnn 31.12 11,24 20,71 21,05 24,89AZ Comp. Europa mmmmm nnnnn 31.12 6,31 27,34 36,00 33,82AZ Comp. EuropaA mmmmm nnnnn 31.12 6,96 27,34 38,57 38,04AZ Comp. EuropaB mmmmm nnnnn 31.12 7,01 27,34 38,75 38,37BORComp. Gestito mmmmm nnnnn 31.12 10,13 22,98 21,81 22,91BORComp. GestitoA mmmmm nnnnn 31.12 10,62 22,98 23,46 25,72BORComp. GestitoB mmmmm nnnnn 31.12 10,66 22,98 23,61 25,96AZ Comp. Global mmmmm nnnnn 31.12 7,21 49,35 30,91 46,72AZ Comp. GlobalA mmmmm nnnnn 31.12 7,88 49,35 33,41 51,40AZ Comp. GlobalB mmmmm nnnnn 31.12 7,93 49,35 33,58 51,70BB Comp. Mix mmmmm nnnnn 31.12 10,03 30,96 31,48 31,17BB Comp. MixA mmmmm nnnnn 31.12 10,54 30,96 33,31 34,22BB Comp. MixB mmmmm nnnnn 31.12 10,60 30,96 33,53 34,58FL Comp. PremiumTFR mmmmm nnnnn 31.12 4,22 — 12,78 15,93

VITTORIAFORMULA LAVOROAZ PrevidenzaCapital. mmmmm nnnnn 31.12 5,47 46,02 37,98 26,78BB PrevidenzaEquilibr. mmmmm nnnnn 31.12 7,23 37,76 35,64 26,83BORPrevidenzaGarantita mmmmm nnnnn 31.12 9,21 31,56 31,49 24,29

ZEDOMNIFUNDAZ Azionaria mmmmm nnnnn 31.12 5,85 50,05 36,10 27,87BO Bilanciata30 mmmmm nnnnn 31.12 8,68 28,15 21,00 24,46BA Bilanciata65 mmmmm nnnnn 31.12 7,50 45,17 34,18 28,70OBRGarantita mmmmm nnnnn 31.12 3,69 16,84 16,30 8,25OB Obbligazionaria mmmmm nnnnn 31.12 9,39 17,70 14,51 19,20

ZURICH CONTRIBUTIONOB LineaConservativa mmmmm nnnnn 31.12 8,76 17,70 14,61 17,10BA LineaDinamica mmmmm nnnnn 31.12 8,68 45,17 37,95 35,05OBRLineaGarantita mmmmm nnnnn 31.12 5,48 16,84 19,64 13,67




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LEGENDA(1)Ultimo Navannualedisponibile (30/06/2014),rettificato pereventualidividendi erimborsidistribuiti.(2) rapportotraprezzodimercato eNav.(3) Canoni/Valore immobili:ècalcolato rapportandol'ultimodato diffusosuicanoni annuie il valoredegli immobiliimplicitoneiprezzi diborsa. (4) Div.12m/prezzo: calcolatorapportandoildivideno cumulatonegliultimi 12mesi rispettoall'ultimoprezzodisponibile.Eventualidistribuzionidi capitalenon sonostatecomputate,se debitamentecomunicate edettagliate.Diversi fondihanno distribuitoplusvalenzemonetizzatederivanti dallacessionedi immobiliealcunihanno posto inpagamento proventi riconducibiliadeserciziprecedenti.(5)Controvalore settimanale:sommadel controvalorescambiatonelleultimecinquesedutedi borsa.(6)Rendimento annuodacollocamento (prezzo): tasso annualizzato, tieneconto deidividendi corrisposticonriferimentoalla datadi calcolodella tabellaconsiderandocome valorediuscita l'ultimoprezzodimercato.(7)Rendimento annuodacollocamento (Nav): tassoannualizzato, tiene contodei dividendicorrisposticon riferimentoalladata dicalcolo dellatabellaconsiderandocome valorediuscita l’ultimoNavrettificato.(8)Rendimento annuo:ècalcolato ipotizzandol’ultimoprezzodi borsacomevaloredi entratae l’ultimoNAVrettificatocome quello diuscitaalla datadiscadenzamassima,non considerandonelcomputoalcunprovento distribuito (dividendierimborsi).I rendimentiaunasettimanae2015: scostamentideiprezzi di borsatenutocontodi eventualidividendi distribuiti.

nomefondoe scadenza prezzo nav sconto canoni/ div12m/ controv rendim rendim rendim data rendim(1) (2) valore prezzo settim annuo annuo 1sett 2015 scadenza annuo

imm. (3) (4) euro(5) prz(6) nav (7) massima (8)

Atlantic1 (12/2016) 346,80 482,081 -28,1 +9,9 +7,9 289570 +2,83 +5,72 +3,96 +8,89 12-2019 +6,9Atlantic2 (12/2018) 134,00 194,018 -30,9 +9,5 +3,0 2847 +8,44 +9,63 +1,28 +3,08 12-2018 +9,8EstenseG.D. (12/2016) 895,00 1103,524 -18,9 +30,2 +18,3 60512 +3,55 +4,15 -2,51 -2,19 12-2016 +11,4Europa Imm. 1(12/2017) 655,00 1559,557 -58,0 +16,1 — 374686 -9,81 -2,52 +0,77 +2,50 12-2017 +34,3FondoAlpha(06/2019) 1058,00 3701,560 -71,4 +39,2 — 182260 +1,58 +7,92 +1,73 -6,29 12-2030 +8,2FondoBeta(02/2015) 274,40 420,060 -34,7 +26,2 +1,2 42805 +7,72 +8,91 +3,94 -0,58 12-2017 +15,6FondoDelta(12/2014) 40,24 91,753 -56,1 +12,2 — 240472 -9,52 -0,47 -0,52 -4,96 12-2017 +32,3Imm. dinamico (12/2020) 72,65 214,594 -66,1 +13,0 — 169528 -10,04 -0,45 +3,34 +4,23 12-2023 +12,9Immobilium 2001(12/2017) 1710,00 4161,500 -58,9 +9,5 — 20115 -2,51 +2,40 +0,71 +3,51 12-2022 +11,8InvestRealSec. (12/2016) 815,00 1984,689 -58,9 +11,1 — 30786 -7,36 -0,43 +0,87 -0,61 12-2016 +58,1Investietico(12/2015) 1617,00 2475,772 -34,7 +10,1 +8,3 144527 +1,87 +4,15 +0,19 +0,62 12-2018 +11,4Med.RE -A(12/2021) 3,24 5,737 -43,6 +12,6 — 57145 -4,74 +1,55 +2,73 +5,27 12-2027 +4,5Med.RE -B(12/2021) 2,44 4,139 -41,0 +12,6 +5,7 79172 -2,99 +1,74 +3,21 +4,27 12-2027 +4,2Obelisco(12/2015) 547,50 1790,533 -69,4 +11,0 — 24956 -13,76 -2,18 +0,09 +2,34 12-2018 +35,1Polis (12/2015) 744,50 1815,590 -59,0 +13,5 — 169624 -2,56 +2,17 +1,99 +1,36 12-2020 +16,2PortfolioImm. (12/2016) 517,00 975,570 -47,0 +19,2 — 154566 -1,33 +0,43 +2,38 +2,38 12-2016 +38,7RE Europa (12/2016) 1119,00 2082,266 -46,3 +14,1 +8,9 185517 -2,13 +1,41 +2,19 -0,97 12-2019 +13,4RE Italia (12/2016) 1147,00 2119,072 -45,9 +12,3 +6,3 64848 +0,78 +3,71 +3,80 +1,59 12-2021 +9,2Risp. Imm.1 Energia (12/2018) 8000,00 6360,447 +25,8 +8,9 — 7800 -0,68 -3,28 +0,63 +3,90 12-2021 -3,2Securfondo (12/2017) 1080,00 1985,911 -45,6 +10,9 +2,3 67306 +2,43 +4,51 +1,03 -3,05 12-2019 +13,1Socrate(12/2017) 223,80 513,761 -56,4 +31,9 — 82018 -8,10 +1,66 +1,27 +2,19 12-2020 +15,0Tecla(12/2014) 123,60 286,841 -56,9 +11,3 — 11922 +8,02 +11,28 -1,51 -1,51 12-2017 +33,1UnicreditoImm.1 (12/2017) 1894,00 2790,541 -32,1 +13,2 — 762904 +1,20 +3,26 +0,91 +3,22 12-2020 +6,7ValoreImm. glob. (12/2019) 1250,00 2886,827 -56,7 +33,8 — 114361 -1,27 +1,42 -1,19 -5,66 12-2022 +11,1(Noriskprestaoccasionalmenteeautonomamenteattivitàdi consulenzaafavoredegliemittentidegli strumenti finanziarioggettodi analisi)


EXCHANGE TRADED FUND a cura di

BILANCIATOprudenteUbsEtfsPlc - MapBalanced 7 SfUcits Etf (IE00B95FFX04)[SinteticaFunded:Nonpresente] mmmmm 0,75 0,27 87.816 -AZIONARIOemergenteOssiam EtfEmerging MarketsMinimum VarianceEur (LU0705291903)[SinteticaFunded:Nonpresente] mmmmm 0,75 0,50 251.725 15,61dbX-Trackers Msci Ac Asia Ex JapanTrn IndexUcits Etf(LU0322252171)[SinteticaUnfunded:basketsostitutivo (108,95%) Swap(-8,95%)] mmmmm 0,65 0,35 250.073 29,20Amundi EtfMsciEm Asia Ucits Etf - Eur(FR0011020965)[SinteticaUnfunded:basketsostitutivo (100,16%) Swap(-0,16%)] mmmmm 0,20 0,40 245.973 30,96dbX-Trackers Msci TaiwanIndex Ucits Etf(LU0292109187)[FisicaCompleta:prestito titoli(0%)e collaterale] mmmmm 0,65 0,37 242.720 31,05Lyxor EtfEastern Europe Cece Eur (FR0010204073)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,50 0,48 229.140 -5,82dbX-Trackers Msci RussiaCapped Index Ucits Etf(LU0322252502)[SinteticaFunded:con Swap(100%)(collaterale119,97%)] mmmmm 0,65 0,57 223.543 -31,84iShares Asia Pacific Dividend Ucits Etf(IE00B14X4T88)[FisicaCompleta:prestito titoli(20,08%) e collaterale(102,5%-112%)] mmmmm 0,59 0,40 222.714 16,04SourceRdx Ucits Etf(IE00B5NDLN01)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,46 220.618 -Amundi EtfMsci India Ucits Etf (FR0010713727)[SinteticaUnfunded:basketsostitutivo (101,59%) Swap(-1,59%)] mmmmm 0,80 0,33 214.827 56,75iShares MsciEm Asia Ucits Etf(IE00B5L8K969)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,32 210.895 30,59dbX-Trackers Cnx Nifty Ucits Etf(LU0292109690)[SinteticaFunded:con Swap(100%)(collaterale119,99%)] mmmmm 0,85 0,30 210.338 65,88iShares MsciRussia Adr/Gdr Ucits Etf(IE00B5V87390)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,51 204.829 -31,06iShares MsciPacific Ex-Japan Ucits Etf (IE00B4WXJD03)[FisicaCompleta] mmmmm 0,60 0,45 204.193 18,28Lyxor EtfAustralia S&PAsx 200-A (LU0496786905)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,49 191.396 14,17Lyxor EtfMsciAc Asia PacificEx Japan (FR0010312124)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,31 182.742 25,84Lyxor EtfTaiwan(FR0010444786)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,53 182.103 31,14dbX-Trackers Msci MexicoTrn IndexUcits Etf(LU0476289466)[FisicaCompleta:prestito titoli(0%)e collaterale] mmmmm 0,65 0,40 161.791 7,96dbX-Trackers S&P/Asx 200 Ucits Etf (LU0328474803)[FisicaCompleta:prestito titoli(0%)e collaterale] mmmmm 0,50 0,34 157.546 13,96iShares MsciTurkey Ucits Etf (IE00B1FZS574)[FisicaCompleta:prestito titoli(29,48%) e collaterale(102,5%-112%)] mmmmm 0,74 0,50 153.875 57,95dbX-Trackers Msci KoreaTrn IndexUcits Etf (LU0292100046)[FisicaCompleta:prestito titoli(0%)e collaterale] mmmmm 0,65 0,37 151.502 11,18dbX-Trackers Msci Pacific ExJapan TrnIndex Ucits Etf(DR) (LU0322252338)[FisicaCompleta:prestito titoli(0,61%) ecollaterale (172,8%)] mmmmm 0,45 0,32 149.724 18,07Amundi EtfMsciEastern Europe ExRussia Ucits Etf- Eur (FR0010717074)[SinteticaUnfunded:basketsostitutivo (100,43%)Swap (-0,43%)] mmmmm 0,20 0,32 142.837 -5,34Amundi EtfMsciBrazil Ucits Etf (FR0010821793)[SinteticaUnfunded:basketsostitutivo (100,09%)Swap (-0,09%)] mmmmm 0,55 0,42 136.804 7,69dbX-Trackers Msci IndonesiaTrn IndexUcits Etf (LU0476289623)[SinteticaFunded:con Swap(100%)(collaterale119,92%)] mmmmm 0,65 0,66 119.092 41,73iShares Core MSCIPacific ex JapanUcits Acc (IE00B52MJY50)[SinteticaFunded:Nonpresente] mmmmm 0,20 0,32 116.092 18,15dbX-Trackers Msci ChileTrn IndexUcits Etf(LU0592217797)[SinteticaFunded:con Swap(100%)(collaterale120,15%)] mmmmm 0,65 0,64 114.069 -0,82Spdr S&PEmerging MarketsDividend Ucits Etf (IE00B6YX5B26)[FisicaCompleta] mmmmm 0,55 0,54 110.092 14,09UbsEtfsPlc - MsciEmerging MarketsSf UCITS ETF(IE00B3Z3FS74)[Sintetica(collaterale105%)] mmmmm 0,45 0,57 104.865 19,95Amundi EtfMsciEm Latin AmericaUcits Etf- Eur (FR0011020973)[SinteticaUnfunded:basketsostitutivo (99,89%) Swap(0,11%)] mmmmm 0,20 0,48 100.144 6,62Lyxor EtfMsciEm Latin AmericaEur (FR0010410266)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,43 99.895 6,50iShares MsciEastern Europe Capped Ucits Etf(IE00B0M63953)[FisicaaCampione:prestito titoli(6,13%) ecollaterale (102,5%-112%)] mmmmm 0,74 0,71 95.774 -21,65dbX-Trackers Msci Thailand TrnIndex Ucits Etf- 1C (LU0514694701)[FisicaCompleta:prestito titoli(0%)e collaterale] mmmmm 0,50 0,74 94.559 39,73iShares EmergingMarket Infrastructure Ucits Etf(IE00B2NPL135)[FisicaCompleta] mmmmm 0,74 0,72 93.689 23,96iShares MsciEmerging MarketsUcits Etf (Acc)(IE00B4L5YC18)[FisicaaCampione:prestito titoli(2,16%) ecollaterale (102,5%-112%)] mmmmm 0,68 0,63 90.504 20,87Lyxor EtfPan Africa (FR0010636464)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,85 0,72 85.803 16,38Spdr MsciEm Asia Ucits Etf(IE00B466KX20)[FisicaaCampione] mmmmm 0,55 0,30 84.343 30,78Lyxor EtfMsciKorea (FR0010361691)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,52 83.846 11,18Lyxor EtfThailand (FR0011067529)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,85 78.490 43,11iShares MsciEm LatinAmerica (IE00B27YCK28)[FisicaaCampione:prestito titoli(0,22%) ecollaterale (102,5%-112%)] mmmmm 0,74 0,43 76.944 6,36

strumento rating comm spread ctv perf1-5 tot% bid/ask medio anno

stelle anno % 30ggÀ %


EXCHANGE TRADED FUND

IsharesCore MsciEmerging MarketsImi Ucits Etf (IE00BKM4GZ66)[SinteticaFunded:Nonpresente] mmmmm 0,25 0,28 75.394 -dbX-Trackers Msci EmLatam Index Ucits Etf(LU0292108619)[SinteticaUnfunded:basketsostitutivo (120,69%) Swap(-20,69%)] mmmmm 0,65 0,40 74.764 6,57Lyxor EtfMsci Indonesia (FR0011067511)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,55 0,85 73.019 43,02europadbX-Trackers Euro Stoxx 50 LeveragedDaily Ucits Etf(LU0411077828)[SinteticaFunded:con Swap(100%)(collaterale120,13%)] mmmmm 0,35 0,24 246.216 8,64Amundi EtfMsciGermany Ucits Etf(FR0010655712)[SinteticaUnfunded:basketsostitutivo (99,6%) Swap(0,4%)] mmmmm 0,25 0,10 230.196 5,56iShares StoxxEurope Select Dividend 30 (DE0002635299)[FisicaCompleta] mmmmm 0,31 0,37 226.268 16,73Lyxor EtfStoxx Europe 600Food & Beverage (FR0010344861)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,39 212.666 18,79Amundi EtfLeveragedEuro Stoxx 50 Daily Ucits Etf(FR0010756072)[SinteticaUnfunded:basketsostitutivo (99,42%)Swap (0,58%)] mmmmm 0,30 0,25 205.820 8,96Ubs-EtfMsci Europe (LU0446734104)[FisicaCompleta:prestito titoli(9,34%) ecollaterale (107,43%)] mmmmm 0,20 0,24 196.604 8,96Ossiam StoxxEurope 600 Equal Weight Nr (LU0599613147)[SinteticaFunded:Nonpresente] mmmmm 0,35 0,31 194.117 8,37Amundi EtfLeveragedMsci Europe Daily Ucits Etf(FR0010756080)[SinteticaUnfunded:basketsostitutivo (99,72%) Swap(0,28%)] mmmmm 0,35 0,39 192.924 16,21Spdr S&PEuro Dividend Aristocrats Ucits Etf(IE00B5M1WJ87)[FisicaCompleta] mmmmm 0,30 0,24 183.212 5,39Ossiam EtfEurope Minimum VarianceNr (LU0599612842)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,29 166.587 16,66Lyxor EtfStoxx Europe 600Automobiles & Parts (FR0010344630)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,19 160.509 9,96iShares MsciEmu Ucits Etf(IE00B53QG562)[SinteticaFunded:Nonpresente] mmmmm 0,33 0,23 159.571 6,82BoostLevdax 3X Daily Etp(IE00B878KX55)[SinteticaFunded:Nonpresente] mmmmm 0,75 0,46 159.143 4,41dbX-Trackers Shortdax Daily Ucits Etf(LU0292106241)[SinteticaFunded:con Swap(100%)(collaterale120,12%)] mmmmm 0,40 0,18 153.064 -8,95iShares EuroStoxx Small Ucits Etf(IE00B02KXM00)[FisicaCompleta:prestito titoli(16,55%) e collaterale (102,5%-112%)] mmmmm 0,40 0,53 144.078 2,40Spdr MsciEmu Ucits Etf (IE00B910VR50)[FisicaCompleta] mmmmm 0,25 0,30 137.937 6,89Amundi EtfMsciEmu Ucits Etf (FR0010655688)[SinteticaUnfunded:basketsostitutivo (99,95%)Swap (0,05%)] mmmmm 0,25 0,15 136.805 6,90dbX-Trackers Stoxx Europe 600 & Gas Ucits Etf (LU0292101796)[SinteticaFunded:con Swap(100%)(collaterale110,91%)] mmmmm 0,30 0,23 135.672 -10,43dbX-Trackers - Stoxx Europe 600 BanksUcits Etf(LU0292103651)[SinteticaUnfunded:basketsostitutivo (111,1%)Swap(-11,1%)] mmmmm 0,30 0,20 132.900 -5,85Lyxor EtfStoxx Europe 600Construction & Materials (FR0010345504)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,47 131.470 8,72dbX-Trackers Shortdax X2Daily Ucits Etf(LU0411075020)[SinteticaFunded:con Swap(100%)(collaterale120,18%)] mmmmm 0,60 0,32 123.372 -19,58Amundi EtfMsciEurope Ucits Etf(FR0010655696)[SinteticaUnfunded:basketsostitutivo (99,75%)Swap (0,25%)] mmmmm 0,28 0,21 117.001 9,34iShares EuroTotal MarketValue Large Ucits Etf(IE00B0M62T89)[FisicaCompleta:prestito titoli(5,89%) e collaterale(102,5%-112%)] mmmmm 0,40 0,18 110.960 5,13IsharesMsciEmu Large CapUcits Etf(IE00BCLWRF22)[SinteticaFunded:Nonpresente] mmmmm 0,49 0,22 109.251 -dbX-Trackers Stoxx Europe 600 Banks ShortDaily Ucits Etf(LU0322249037)[SinteticaFunded:con Swap(100%)(collaterale120,11%)] mmmmm 0,50 0,27 105.168 0,77Lyxor EtfStoxx Europe 600Financial Services (FR0010345363)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,66 97.656 15,51dbX-Trackers Stoxx Europe 600 InsuranceUcits Etf (LU0292105193)[SinteticaFunded:con Swap(100%)(collaterale115,48%)] mmmmm 0,30 0,30 94.405 18,46BoostEuro Stoxx 50 3X Short Daily Etp(IE00B8JF9153)[SinteticaFunded:Nonpresente] mmmmm 0,80 0,44 94.265 -34,99Lyxor EtfStoxx Europe 600Personal & Household Goods (FR0010344978)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,48 93.622 17,67iShares EuroTotal MarketGrowth Large Ucits Etf(IE00B0M62V02)[FisicaCompleta:prestito titoli(4,37%)e collaterale (102,5%-112%)] mmmmm 0,40 0,17 92.945 9,10Etfs3X Daily Long Dax 30(JE00B992Q458)[SinteticaFunded:Nonpresente] mmmmm 0,82 1,00 92.535 -dbX-Trackers Euro Stoxx 50 Double Short Daily Ucits Etf (LU0417510616)[SinteticaFunded:con Swap(100%)(collaterale120,12%)] mmmmm 0,50 0,36 90.814 -22,48Lyxor EtfStoxx Europe 600Technology (FR0010344796)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,45 89.054 12,21dbX-Trackers Cac 40 Short Daily Ucits Etf(LU0322251280)[SinteticaUnfunded:basketsostitutivo (108,2%)Swap(-8,2%)] mmmmm 0,40 0,17 84.697 -10,02Spdr MsciEurope Consumer Staplessm Ucits Etf(IE00BKWQ0D84)[FisicaCompleta:prestito titoli(8,98%) ecollaterale (106,35%)] mmmmm 0,30 0,30 84.427 18,09Amundi EtfS&PEurope 350 Ucits Etf(IE0031091428)[FC:prestito titoli(max 23%)e coll. (103% cashcoll., 105% bonds coll., 110.5% equitiescoll.)] mmmmm 0,35 0,39 83.566 9,15dbX-Trackers Stoxx Europe 600 Food & Beverage Ucits Etf (LU0292105359)[SinteticaFunded:con Swap(100%)(collaterale110,9%)] mmmmm 0,30 0,29 81.309 19,03Amundi EtfMsci Italy Ucits Etf(FR0010655720)[SinteticaUnfunded:basketsostitutivo (99,89%) Swap(0,11%)] mmmmm 0,25 0,32 80.886 2,06dbX-Trackers - Stoxx Europe 600 HealthCare Etf(LU0292103222)





[SinteticaUnfunded:basketsostitutivo (108,22%)Swap (-8,22%)] mmmmm 0,30 0,29 78.311 26,36iShares UkDividend Ucits Etf(IE00B0M63060)[FisicaCompleta:prestito titoli(7,93%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,27 77.759 16,09iShares European PropertyYield Ucits Etf(IE00B0M63284)[FisicaCompleta:prestito titoli(2,47%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,49 77.624 30,63Lyxor EtfStoxx Europe 600Utilities (FR0010344853)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,33 77.212 16,56Lyxor EtfStoxx Europe 600Industrial Goods & Services(FR0010344887)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,46 77.143 2,37dbX-Trackers Cac 40 Ucits Etf(DR) (LU0322250985)[FisicaCompleta:prestito titoli(1,32%) ecollaterale (123,73%)] mmmmm 0,20 0,17 76.901 6,12Lyxor EtfStoxx Europe 600Chemicals (FR0010345470)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,46 75.774 12,39Lyxor Ucits EtfFtse Italian Mid Cap- D-Eur (FR0011758085)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,50 0,49 75.529 -Lyxor EtfStoxx Europe 600Insurance (FR0010344903)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,41 73.852 18,05dbX-Trackers - Stoxx Europe 600 Basic Resources Ucits Etf(LU0292100806)[SinteticaFunded:con Swap(100%)(collaterale110,91%)] mmmmm 0,30 0,25 70.915 -5,74ETFS DAX® Daily 2x ShortGO UCITS ETF (IE00B4QNHZ41)[SinteticaUnfunded:basketsostitutivo (110%)Swap (100%)] mmmmm 0,60 0,43 70.136 -20,66giapponedbX-Trackers Msci JapanHedged TrnIndex Ucits Etf(LU0659580079)[FisicaCompleta:prestito titoli(3,45%) e collaterale] mmmmm 0,60 0,22 246.458 7,53iShares Nikkei 225Ucits Etf(IE00B52MJD48)[SinteticaFunded:Nonpresente] mmmmm 0,48 0,33 189.490 14,25Lyxor Ucits EtfJapan TopixDaily Hedged D- Eur (FR0011475078)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,44 169.135 7,53iShares MsciJapan Ucits EtfAcc(IE00B4L5YX21)[FisicaaCampione] mmmmm 0,48 0,29 158.652 12,56Rbs MarketAccess TopixHedged Index Etf(LU0562666403)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale100,32%)] mmmmm 0,50 1,95 134.981 8,25dbX-Trackers - Msci JapanTrn IndexUcits Etf - 1C(LU0274209740)[FisicaCompleta:prestito titoli(3,45%) e collaterale (107,08%)] mmmmm 0,50 0,21 113.427 12,19UbsEtfMsci Japan100% Hedged To Eur Ucits Etf(LU0950672476)[FisicaCompleta:prestito titoli(3,66%) e collaterale(107,32%)] mmmmm 0,45 0,35 109.330 7,54globaleAmundi EtfMsciWorld Ucits Etf(FR0010756098)[SinteticaUnfunded:basketsostitutivo (99,22%)Swap (0,78%)] mmmmm 0,38 0,11 231.677 21,87Rbs MarketAccess Nyse Arca Gold Bugs Index Etf(LU0259322260)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale102,77%)] mmmmm 0,65 1,33 205.486 8,48Ubs-EtfMsci World(LU0340285161)[FisicaaCampione:prestito titoli(7,63%) ecollaterale (109,38%)] mmmmm 0,30 0,13 176.539 22,05Lyxor EtfMsciWorld EnergyTr (LU0533032420)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,95 158.357 0,97Spdr S&PGlobal DividendAristocrats Etf(IE00B9CQXS71)[FisicaCompleta] mmmmm 0,45 0,25 147.961 -dbX-Trackers Msci WorldHealth Care TrnIndex Ucits Etf(LU0540980223)[SinteticaFunded:con Swap(100%)(collaterale120,1%)] mmmmm 0,45 0,39 143.420 38,87Lyxor EtfMsciAll Country WorldEtf (FR0011079466)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,63 140.591 21,80Lyxor EtfWorldWater/France (FR0010527275)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,58 133.860 27,22dbX-Trackers S&P GlobalInfrastructure Ucits Etf(LU0322253229)[SinteticaUnfunded:basketsostitutivo (126,66%) Swap(-26,66%)] mmmmm 0,60 0,42 130.512 31,59EtfsUs EnergyInfrastructure Mlp GoUcits Etf (IE00BHZKHS06)[SinteticaFunded:Nonpresente] mmmmm 0,45 0,65 125.605 -dbX-Trackers Msci WorldEnergy TrnIndex Ucits Etf(LU0540980736)[SinteticaFunded:con Swap(100%)(collaterale120,12%)] mmmmm 0,45 0,59 117.306 1,26iShares GlobalWater Ucits Etf(IE00B1TXK627)[FisicaCompleta:prestito titoli(9,96%) e collaterale(102,5%-112%)] mmmmm 0,65 0,44 96.979 20,79Spdr DowJones Global RealEstate Ucits Etf(IE00B8GF1M35)[FisicaaCampione] mmmmm 0,40 0,59 93.147 44,39Lyxor New Energy(FR0010524777)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 1,09 85.642 2,13Ossiam EtfWorldMinimum Variance(LU0799656698)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,30 75.323 32,99DbX-Trackers MsciAc WorldIndex Ucits EtfDr (IE00BGHQ0G80)[] mmmmm 0,50 0,52 73.664 -nord americaiShares Nasdaq100 Ucits Etf(IE00B53SZB19)[SinteticaFunded:Nonpresente] mmmmm 0,33 0,12 245.711 37,47Amundi EtfRussell2000 Ucits Etf(FR0011636190)[SinteticaUnfunded:basketsostitutivo (98,87%)Swap(1,13%)] mmmmm 0,35 0,30 228.568 -iShares Us PropertyYield Ucits Etf (IE00B1FZSF77)[FisicaCompleta] mmmmm 0,40 0,45 221.118 56,82PowersharesFtse Rafi Us 1000 Fund(IE00B23D8S39)[FisicaCompleta] mmmmm 0,39 0,24 178.522 29,39Amundi EtfNasdaq-100 Ucits Etf (FR0010892216)[SinteticaUnfunded:basketsostitutivo (104,62%)Swap (-4,62%)] mmmmm 0,23 0,19 167.198 37,68dbX-Trackers Msci Canada TrnIndex Ucits Etf(LU0476289540)[SinteticaFunded:con Swap(100%)(collaterale110,93%)] mmmmm 0,35 0,35 165.766 11,51Ubs-EtfMsci Canada (LU0446734872)[FisicaCompleta:prestito titoli(38,36%) e collaterale (107,99%)] mmmmm 0,33 0,38 164.057 11,51





Ossiam EtfUs MinimumVariance NrEur (LU0599612685)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,27 163.588 38,09SourceS&P 500Ucits Etf(IE00B3YCGJ38)[SinteticaFunded:Nonpresente] mmmmm 0,05 0,11 155.772 -iShares DowJones U.S. Select Dividend De(DE000A0D8Q49)[FisicaCompleta] mmmmm 0,31 0,34 148.379 35,50Lyxor Ucits EtfMsciUsa Euro (FR0010296061)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,11 145.140 31,11Spdr S&P500 Low Volatility Ucits Etf(IE00B802KR88)[FisicaCompleta] mmmmm 0,35 0,32 144.026 39,57BoostNasdaq 100 3X Short Daily Etp(IE00B8VZVH32)[SinteticaFunded:Nonpresente] mmmmm 0,80 0,52 129.311 -Lyxor EtfDowJones Industrial Average Euro (FR0007056841)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,50 0,37 122.472 27,57SourceEnergy S&PUs Sector Ucits Etf (IE00B435CG94)[SinteticaFunded:Nonpresente] mmmmm 0,30 0,30 112.672 -SourceHlth CareS&P Us Sector Ucits Etf(IE00B3WMTH43)[SinteticaFunded:Nonpresente] mmmmm 0,30 0,21 86.765 -Amundi EtfShort MsciUsa Daily Ucits Etf(FR0010791194)[SinteticaUnfunded:basketsostitutivo (102,46%)Swap (-2,46%)] mmmmm 0,35 0,32 86.223 -26,22SourceCons Disc S&PUs Sector (IE00B449XP68)[SinteticaFunded:Nonpresente] mmmmm 0,30 0,27 83.816 -iShares DowJones Industrial Averagesm Ucits Etf(IE00B53L4350)[SinteticaFunded:Nonpresente] mmmmm 0,33 0,35 82.440 27,74Lyxor EtfFtse Epra/Nareit UnitedStates - D Eur (FR0010833566)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,75 81.990 56,88PowersharesDynamic Us MarketFund (IE00B23D9240)[FisicaCompleta] mmmmm 0,75 0,65 69.954 24,22Amundi EtfS&P500Hedged Daily Ucits Etf(FR0011133644)[SinteticaUnfunded:basketsostitutivo (98,93%) Swap(1,07%)] mmmmm 0,28 0,11 69.186 11,99OBBLIGAZIONARIOdebitoalto rendimentoAmundi EtfEuro HighYield Liquid Bond Iboxx Ucits Etf(FR0011494822)[SinteticaUnfunded:basketsostitutivo (100,33%) Swap(-0,33%)] mmmmm 0,40 0,15 204.214 4,21Spdr BarclaysEuro HighYield Bond Ucits Etf(IE00B6YX5M31)[FisicaaCampione] mmmmm 0,40 0,31 186.115 5,01Lyxor Etf Iboxx ? Liquid HighYield 30 Ex-Financial (FR0010975771)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,10 134.575 4,44PimcoShort- Term High Yield Corporate Bond Source Etf(IE00BF8HV600)[SinteticaFunded:Nonpresente] mmmmm 0,60 0,23 102.247 -Spdr Barclays0-5 Year UsHigh Yield Bond Ucits Etf(IE00B99FL386)[FisicaaCampione] mmmmm 0,40 0,79 91.693 -debitogovernativoAmundi EtfGovt Bond Lowest RatedInvestment Grade GovernmentCapped 1-3(FR0011807015)[SinteticaFunded:Nonpresente] mmmmm 0,14 0,06 251.913 -iShares EuroGovernment Bond 5-7YrUcits Etf(IE00B4WXJG34)[FisicaCompleta] mmmmm 0,20 0,15 230.022 7,69BoostUs Treasuries 10Y 3X Short Daily Etp (IE00BKS8QT65)[conSwap(100%)(collaterale 106%-110%)] mmmmm 0,30 0,26 225.619 -Lyxor EtfEuromts Highest RatedMacro-Weighted Govt Bond (FR0010820258)[FisicaCompleta] mmmmm 0,17 0,06 219.683 11,07dbX-Trackers Ii Iboxx SovereignsEurozone 1-3Ucits Etf-1D (LU0614173549)[SinteticaUnfunded:basketsostitutivo (96,9%) Swap(3,1%)] mmmmm 0,15 0,10 216.121 1,36Lyxor EtfEuromts Highest RatedMacro-Weighted Govt Bond 3-5Y (FR0011146349)[FisicaCompleta] mmmmm 0,17 0,05 208.835 3,33dbX-Trackers Ii Iboxx Germany1-3Ucits Etf(LU0468897110)[SinteticaUnfunded:basketsostitutivo (99,31%)Swap (0,69%)] mmmmm 0,15 0,03 204.966 0,50dbX-Trackers Ii Iboxx SovereignsEurozone 5-7 Ucits Etf(LU0290357176)[SinteticaUnfunded:basketsostitutivo (95,44%)Swap (4,56%)] mmmmm 0,15 0,09 181.594 9,48dbX-Trackers Ii Iboxx GermanyUcits Etf 1D(LU0468896575)[SinteticaUnfunded:basketsostitutivo (99,42%)Swap (0,58%)] mmmmm 0,15 0,06 170.032 9,92Lyxor EtfEuromts 10-15YInvestment Grade - Eur (FR0010037242)[FisicaCompleta] mmmmm 0,17 0,10 161.806 22,95Amundi EtfGovt Bond Euromts Broad Investment Grade 5-7 Ucits Etf(C) (FR0010754176)[SinteticaUnfunded:basketsostitutivo (100,56%) Swap(-0,56%)] mmmmm 0,14 0,05 153.747 9,64Amundi EtfGovt Bond Euromts Broad Investment Grade 10-15Ucits Etf(C) (FR0010754143)[SinteticaUnfunded:basketsostitutivo (100,72%) Swap(-0,72%)] mmmmm 0,14 0,07 142.220 22,88iShares Core UK GiltUcits Etf (IE00B1FZSB30)[FisicaaCampione:prestito titoli(33,3%) e collaterale(102,5%-112%)] mmmmm 0,20 0,14 141.539 24,55DbX-Trackers Ii GlobalSovereign Ucits Etf1 c-Eur (LU0378818131)[SinteticaUnfunded:basketsostitutivo (99,88%)Swap (0,12%)] mmmmm 0,25 0,15 140.403 9,14Spdr Barclays1 - 3 Year Euro GovernmentBond Ucits Etf(IE00B6YX5F63)[FisicaaCampione] mmmmm 0,15 0,06 135.124 1,39iShares EuroGovernment Bond 1-3Ucits Etf(IE00B3VTMJ91)[SinteticaFunded:Nonpresente] mmmmm 0,23 0,14 132.839 1,36dbX-Trackers Ii Iboxx GermanyUcits Etf (LU0643975161)[SinteticaUnfunded:basketsostitutivo (102,09%)Swap (-2,09%)] mmmmm 0,15 0,08 129.822 9,92dbX-Trackers Ii Iboxx ? SovereignsEurozone Yield PlusUcits Etf(LU0524480265)[SinteticaUnfunded:basketsostitutivo (99,22%)Swap (0,78%)] mmmmm 0,15 0,11 123.019 13,80dbX-Trackers Ii Iboxx SovereignsEurozone 15+ Ucits Etf(LU0290357507)[SinteticaUnfunded:basketsostitutivo (102,3%) Swap(-2,3%)] mmmmm 0,15 0,15 108.535 32,78Amundi EtfGovt Bond Euromts Broad Investment Grade 1-3Ucits Etf(C) (FR0010754135)[SinteticaUnfunded:basketsostitutivo (100,58%) Swap(-0,58%)] mmmmm 0,14 0,04 102.346 1,41Lyxor Etf Iboxx $ Treasuries 5-7Y(FR0010961011)





[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,19 101.101 23,56iShares EuroGovernment Bond 10-15Yr Ucits Etf (IE00B4WXJH41)[FisicaCompleta] mmmmm 0,20 0,12 93.927 22,79Amundi EtfGovt Bond Highest Rated EuromtsInvestment Grade Ucits EtfC (FR0010930636)[SinteticaUnfunded:basketsostitutivo (100,4%)Swap (-0,4%)] mmmmm 0,14 0,06 93.285 11,37BoostBund 10Y 3X Short Daily Etp (IE00BKS8QN04)[conSwap (100%)(collaterale106%-110%)] mmmmm 0,30 0,16 78.891 -debitosocietarioUbsEtf-Barclays Euro AreaLiquid Corporates 1-5 Year Ucits Etf(LU1048314196)[SinteticaFunded:Nonpresente] mmmmm 0,18 0,19 230.822 -iShares EuroCorporate Bond Ex-FinancialsUcits Etf(IE00B4L5ZG21)[SinteticaFunded:Nonpresente] mmmmm 0,20 0,13 230.230 8,13UbsEtf1/64 5/16Barclays Us Liquid Corporates Ucits EtfHedged To Eur (LU1048317025)[SinteticaFunded:Nonpresente] mmmmm 0,23 0,53 196.683 -Amundi EtfEuro Corporates Ucits EtfC (FR0010754119)[SinteticaUnfunded:basketsostitutivo (100,73%) Swap(-0,73%)] mmmmm 0,16 0,08 150.815 5,78Spdr BarclaysEuro Corporate Bond Ucits Etf (IE00B3T9LM79)[FisicaaCampione] mmmmm 0,20 0,20 140.413 7,51Amundi EtfEuro Corporate Financials Iboxx Ucits Etf C (FR0011020957)[SinteticaUnfunded:basketsostitutivo (100,75%) Swap(-0,75%)] mmmmm 0,16 0,12 126.509 4,86Lyxor EtfEuro Corporate Bond Ex Financials (FR0010814236)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 0,12 121.732 7,30IsharesEuro Ultrashort Bond Ucits Etf (IE00BCRY6557)[SinteticaFunded:Nonpresente] mmmmm 0,20 0,08 105.943 0,55Spdr Barclays0-3 Year Us Corporate Bond Ucits Etf (IE00BC7GZX26)[FisicaaCampione] mmmmm 0,20 0,43 105.905 -Spdr Barclays0-3 Year Euro Corporate Bond Ucits Etf (IE00BC7GZW19)[FisicaaCampione] mmmmm 0,20 0,17 88.569 -emergenteAmundi EtfGlobalEmerging Bond Markit Iboxx Ucits Etf(C) (FR0010959668)[SinteticaUnfunded:basketsostitutivo (104,63%)Swap (-4,63%)] mmmmm 0,30 0,24 160.930 24,75iShares UsdEmerging Markets Corporate Bond Ucits Etf(IE00B6TLBW47)[SinteticaFunded:Nonpresente] mmmmm 0,50 0,61 118.470 19,15inflazionedbX-Trackers Ii - Iboxx Global Inflation-Linked Ucits Etf-Eur (LU0290357929)[SinteticaUnfunded:basketsostitutivo (101,92%)Swap (-1,92%)] mmmmm 0,25 0,26 166.622 10,77Lyxor EtfEuromts InflationLinked Investment Grade - Eur(FR0010174292)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 0,13 111.453 8,09dbX-Trackers Ii Iboxx EuroInflation-Linked Ucits Etf(LU0290358224)[SinteticaUnfunded:basketsostitutivo (99,98%) Swap(0,02%)] mmmmm 0,20 0,28 102.271 7,74ALTERNATIVOvolatilitàLyxor EtfS&P500 Vix Futures Enhanced Roll C-Eur (LU0832435464)[SinteticaFunded:Nonpresente] mmmmm 0,60 1,57 209.341 -16,57MONETARIOdebitogovernativodbX-Trackers Ii Mts Ex-BankItaly Bot Ucits Etf(LU0613540268)[SinteticaUnfunded:basketsostitutivo (99,4%)Swap (0,6%)] mmmmm 0,15 0,09 246.661 0,58dbX-Trackers Ii Eonia Ucits Etf(LU0290358497)[SinteticaUnfunded:basketsostitutivo (100,73%) Swap(-0,73%)] mmmmm 0,15 0,01 230.147 0,01Amundi EtfCash 3 Months Euromts Investment Grade Ucits Etf C (FR0010754200)[SinteticaUnfunded:basketsostitutivo (100,57%) Swap(-0,57%)] mmmmm 0,14 0,04 173.010 0,04Lyxor Ucits EtfBot Mts Ex-BankItaly (FR0011360676)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,15 0,03 105.234 0,43valutaEtfs5X Long Usd ShortEur (JE00BMM1XC77)[SinteticaFunded:Nonpresente] mmmmm 0,98 0,97 189.489 -Etfs3X Long Aud Short Eur (JE00B3QYZH88)[SinteticaUnfunded:basketsostitutivo (107%) Swap(100%)] mmmmm 0,98 0,63 166.153 29,96Etfs3X Long Jpy Short Eur (JE00B3WDZY68)[SinteticaUnfunded:basketsostitutivo (107%) Swap(100%)] mmmmm 0,98 0,70 101.958 5,84Etfs3X Short Chf Long Eur (JE00B3S71Q64)[SinteticaUnfunded:basketsostitutivo (107%) Swap(100%)] mmmmm 0,98 2,59 101.360 -60,53Etfs3X Long Chf Short Eur (JE00B3XPTF07)[SinteticaUnfunded:basketsostitutivo (107%) Swap(100%)] mmmmm 0,98 1,55 97.139 73,18dbX-Trackers Ii Sterling Cash Ucits Etf(LU0321464652)[SinteticaUnfunded:basketsostitutivo (105,22%) Swap(-5,22%)] mmmmm 0,15 0,40 93.388 7,53Etfs3X Short Aud Long Eur (JE00B3RXT940)[SinteticaUnfunded:basketsostitutivo (107%) Swap(100%)] mmmmm 0,98 0,55 92.473 -30,45Etfs3X Short Jpy Long Eur (JE00B44CBN95)[SinteticaUnfunded:basketsostitutivo (107%) Swap(100%)] mmmmm 0,98 1,24 85.041 -14,96MATERIE PRIMEagricolturaEtfsAgriculture Dj-Ubsci (GB00B15KYH63)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,28 189.547 5,28EtfsDaily Short Wheat(JE00B24DKR51)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,41 149.359 21,42EtfsDaily LeveragedCorn (JE00B2NFTG43)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 1,15 147.974 -22,46EtfsDaily LeveragedSugar (JE00B2NFTW01)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 1,05 129.833 -25,92EtfsDaily Short Coffee (JE00B24DK538)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,85 107.855 -28,04





EtfsDaily LeveragedCotton (JE00B2NFTH59)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 1,22 76.850 -40,88cerealiEtfsCorn (GB00B15KXS04)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,60 143.908 -2,13diversificatoLyxor EtfCommoditiesCrb Non-Energy (FR0010346205)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,35 0,22 197.174 12,47iShares DowJones-Ubs CommoditySwap De (DE000A0H0728)[SinteticaUnfunded:basketsostitutivo (100%)Swap(4,28%) (collateraleNA)] mmmmm 0,46 0,42 158.620 -5,30EtfsAllCommodities Dj-Ubscism (GB00B15KY989)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,17 111.115 -5,82energiaEtfsDaily Hedged BrentCrude (JE00B7305Z55)[SinteticaFunded:con Swap(100%)(collaterale108%)] mmmmm 0,49 0,75 250.074 -55,30EtfsDaily Short Natural Gas (JE00B24DKH53)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,50 240.347 43,10DbBrent CrudeBooster EuroHedged Etc (DE000A1AQGX1)[SinteticaFunded:con Swap(100%)(collaterale123%)] mmmmm 0,45 0,52 228.908 -48,79Sg Etc Wti+3X Daily Leveraged Collateralized(XS1073721646)[SinteticaFunded:Nonpresente] mmmmm 0,98 0,62 202.791 -EtfsDaily Hedged WtiCrude (JE00B44F1611)[SinteticaFunded:con Swap(100%)(collaterale108%)] mmmmm 0,49 0,44 174.440 -47,03DbBrent CrudeBooster Etc Eur (DE000A1KYN55)[SinteticaFunded:con Swap(100%)(collaterale108%)] mmmmm 0,45 0,37 169.512 -39,89EtfsDaily Short Brent Crude(JE00B78DPL57)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,44 155.307 139,29EtfsDaily LeveragedBrent Crude (JE00B789ZG89)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 1,20 153.574 -77,89Lyxor Etn (XS0416703808)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,52 142.827 -33,98EtfsPetroleum Dj-Ubscism(GB00B15KYC19)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,55 106.634 -40,48EtfsDaily Short Gasoline (JE00B24DKB91)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,37 78.932 103,74EtfsWti 2Mth Securities (GB00B0CTWK84)[SinteticaFunded:con Swap(100%)] mmmmm 0,49 0,38 77.443 -37,92BoostNatural Gas 2XShort Daily Etp (IE00B94QL251)[conSwap (100%)(collaterale106%-110%)] mmmmm 0,70 0,59 76.566 -metalli industrialiEtfsNickel (GB00B15KY211)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 1,11 140.215 16,33EtfsCopper (GB00B15KXQ89)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,35 128.162 -9,65EtfsDaily LeveragedCopper (JE00B2NFTF36)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,60 127.186 -32,46EtfsDaily Short Copper (JE00B24DK645)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,35 102.228 43,10EtfsDaily LeveragedNickel (JE00B2NFTR57)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 1,41 89.135 7,82metallipreziosiEtfsPhysical SwissGold (JE00B588CD74)[FisicaCompleta] mmmmm 0,39 0,28 210.002 21,00EtfsPhysical Palladium (JE00B1VS3002)[FisicaCompleta] mmmmm 0,49 0,32 149.599 20,59BoostGold 3X LeverageDaily Etp (IE00B8HGT870)[SinteticaFunded:Nonpresente] mmmmm 0,99 0,55 133.930 19,66EtfsDaily Short Silver(JE00B24DKK82)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,31 120.467 20,09BoostSilver 3X Short Daily Etp (IE00B8JG1787)[conSwap (100%)(collaterale106%-110%)] mmmmm 0,99 0,65 111.255 7,66Lyxor Etn Gold Usd (XS0416722857)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,80 0,61 109.206 20,30EtfsPhysical Platinum (JE00B1VS2W53)[FisicaCompleta] mmmmm 0,49 0,25 78.720 2,33softsEtfsCoffee (GB00B15KXP72)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 1,06 105.868 50,64EtfsSugar (GB00B15KY658)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,73 87.301 -4,65




24GENNAIO &numeri indici

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