25APRILE Plus24-IlSole24Ore &numeri indici · 2015. 4. 24. · redditofisso l’hitparade...

reddito fisso

analisi titoli rncl’hit parade

Australia 2,50 2,73 2,45 4,00 3,06Gr. Bretagna 0,40 0,40 1,72 2,72 2,94Canada 0,66 0,94 1,50 2,45 2,51Danimarca -0,22 0,30 0,31 1,58 0,31Svezia -0,32 0,60 0,25 2,07 0,25Giappone 0,05 0,12 0,31 0,61 0,30Svizzera -0,83 0,02 -0,13 0,90 -0,13Usa 0,03 4,76 1,97 2,73 2,94Area euro 0,00 0,33 0,16 1,54 0,16

RENDIMENTI EFFETTIVI LORDIpaesi mercatomonet. obbl.governative obblig.

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

B CarigeRsp 1,623 5,36 n,s.B D-Brianza Rsp 2,798 3,22 -5,28B Sardegna Rsp 10,630 2,54 —Borgosesia Rsp 0,761 — -1,04Buzzi Unicem Rsp 8,920 0,56 -37,97DanieliRsp 16,340 1,97 -26,06Edison Rsp 0,802 6,23 —Intek GroupRsp 0,622 — n,s.IntesaSanp Rsp 2,788 2,90 -8,41ItalmobilRsp 18,500 1,38 -37,29Pirelli & C Rsp 15,400 2,80 —SaesGetters Rsp 6,995 3,33 -15,21Salini Impre Rsp 9,990 2,60 n,s.Seat PGia Rsp 165,900 — n,s.Stefanel Rsp 145,000 — n,s.TelItalia M Rsp 0,582 — -43,82TelecomIta Rsp 0,875 3,20 -19,36UnicreditRsp 9,070 10,42 45,12Unipolsai Rsp A 244,000 8,05 n,s.Unipolsai Rsp B 2,574 8,74 0,47Zucchi Rsp 0,160 — n,s.

indici& numeriImigliori1 Venezuela(IBC) 65,142 Cina(SSE COMPOSITE) 52,973 Argentina (BUSEMerval) 50,484 Russia(RTS) 45,555 Ungheria(BUX) 40,00

Ipeggiori1 Grecia(AthensGen) -0,112 Perù(LimaGeneral) -0,063 Turchia(ISE Nat-100) -0,064 Cipro(CyprusMain IDX) -0,045 Colombia(GBC) -0,02

FONDI ITALIANIindice performance

a1 mese a1 anno a3 anni

fonte:elaborazioneUfficioStudideIlSole-24Ore

Imigliori1 Argentina 27,002 Venezuela 21,393 Svizzera 21,004 Messico 15,565 Usa 14,54

Ipeggiori1 Irlanda -0,082 Finlandia 0,623 Austria 0,704 Spagna 2,745 Germania 3,91

AZIONARIOrendimenti in euro dal30/12/14 al23/04/15

paese rend paese rend

Generale 0,35 8,18 19,46Azionari 2,67 28,51 28,51Bilanciati 0,31 15,52 33,81Obbligazionari 0,04 5,50 15,83Monetari -0,02 0,00 2,25Flessibili 0,08 6,39 19,59

fonte:Thomson ReutersDatastream

fonte:Thomson ReutersDatastream

Fonte:elaborazioneUfficioStudideIlSole-24Ore

fonte:elaborazioneUfficioStudidelSole-24Ore

OBBLIGAZIONARIOrendimenti in euro dal30/12/14 al23/04/15

paese rend paese rend

titolo prezzo div/p% sconto%

SABATO 25 APRILE 2015 Plus24 - Il Sole 24 OreN. 660 1

previsione sulle economie

Argentina 16,5 03-15 19,8 25,6 +2,1 +23,2 +2,3 0,4 — —Australia 1,3 03-15 2,7 2,9 +3,1 +7,6 +0,2 2,4 2,5 3,5Austria 0,8 02-15 2,0 1,5 +1,7 +67,8 +1,2 0,9 0,1 1,1Belgio -0,4 03-15 2,0 1,6 +1,7 +11,6 +2,2 2,7 0,1 1,1Brasile 8,4 03-15 5,5 5,5 +1,3 +11,5 — 1,0 — —Canada 1,2 03-15 1,8 2,1 +2,2 +1,4 +1,0 1,8 0,8 2,1Cile 4,2 03-15 4,2 3,0 +3,5 -5,3 +16,2 — 3,0 —Cina 1,4 03-15 2,9 2,0 +6,8 +17,8 +0,8 0,8 — —Corea 0,4 03-15 2,6 2,0 +3,6 +28,7 — 0,7 2,0 3,0Danimarca 0,6 03-15 1,9 1,6 +1,8 +15,0 +11,2 1,4 0,3 1,0Filippine 2,4 03-15 4,5 3,5 +6,2 +16,2 +1,5 1,3 — —Finlandia -0,1 02-15 1,9 1,4 +1,4 +12,7 +0,7 3,4 0,1 1,0Francia -0,1 03-15 1,4 1,1 +1,5 +19,4 +2,0 1,6 0,1 1,0Germania 0,3 03-15 1,6 1,6 +1,9 +13,8 +2,4 1,4 0,1 0,7Giappone 2,2 02-15 0,3 1,1 +1,7 +14,9 +102,1 1,4 0,2 0,6HongK. 4,1 01-15 3,0 3,1 +2,8 +2,9 +0,9 1,4 1,0 —India 5,2 03-15 9,0 5,5 +6,3 +24,1 +20,4 0,9 8,1 —Indonesia 6,4 03-15 7,1 4,6 +5,7 +18,9 +185,7 1,2 7,3 —Irlanda -0,6 03-15 1,4 1,1 +3,3 — +0,1 1,4 0,1 1,8Italia -0,1 03-15 1,8 0,8 +1,1 +61,4 +0,2 1,1 0,1 1,6Malaysia 1,0 01-15 2,6 3,0 +5,0 +7,2 +0,3 1,8 3,8 —Messico 3,1 03-15 4,1 3,4 +3,5 — +1,9 1,3 3,1 6,3N.Zelanda 0,1 03-15 2,4 2,2 +2,7 +19,7 +0,2 1,8 4,0 4,8Norvegia 2,0 03-15 1,9 2,2 +2,0 +2,0 +4,3 1,5 1,0 1,8Olanda 0,4 03-15 1,7 1,2 +1,5 +3,2 +1,3 1,3 0,0 0,7Russia 16,9 03-15 9,2 7,1 +0,4 +1,6 +0,2 0,6 — —Singapore -0,3 03-15 2,7 1,5 +3,4 +9,7 +0,2 1,8 1,0 —Spagna -0,7 03-15 2,1 1,2 +2,3 +24,4 +0,5 1,0 0,1 1,6Sudafrica 4,2 02-15 6,1 5,6 +2,8 +11,0 +4,7 0,8 — —Svezia 0,2 03-15 1,2 1,6 +2,8 +16,5 +6,9 1,5 0,1 1,3Svizzera -0,9 03-15 0,4 -0,1 +1,1 -0,8 +2,4 2,5 -0,5 0,2Taiwan -0,6 04-15 1,3 1,5 +3,5 +11,3 +4,0 1,0 1,2 —Thailandia -0,6 03-15 3,0 2,3 +3,9 +20,0 +1,4 1,0 2,3 —UK 0,9 03-15 3,2 2,5 +2,5 +3,2 +24,9 2,6 1,0 2,4Usa -0,1 03-15 2,2 2,1 +2,9 +7,5 +2,5 1,6 1,1 2,9

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)

Plus24 - Il Sole 24 Ore SABATO 25 APRILE 20152 N. 660

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.

88InfCSRplc(Gb) 877,00 36,61 89PbuHays(Gb) 160,40 36,25 90IndLanxess(D) 49,84 36,23 91IndBillerudKorsnas AB(S) 148,40 36,16 92TelInmarsat(Gb) 966,50 36,07 93SalUcb(B) 70,96 35,89 94MatFresnillo(Gb) 743,50 35,75 95IndKingspan Group(Irl) 18,65 35,32 96BvoIntercontHote(Gb) 2716,00 35,06 97PbuFlughafenZuerich(Ch) 764,00 34,97 98BpnGivaudan(Ch) 1768,00 34,95 99BvoWhitbread(Gb) 5225,00 34,82 100IndSchindler-Hld(Ch) 162,80 34,78 101IndEMS-ChemieHld(Ch) 398,75 34,60 102BpnL Oreal(F) 178,75 34,52 103BpnBeiersdorf(D) 82,03 34,44 104FinHammerson(Gb) 677,00 34,27 105BvoThomasCook Gr. plc(Gb) 144,20 34,23 106PbuJCDecaux(F) 32,65 33,99 107SalActelionHldg(Ch) 119,80 33,98 108PbuAer.de Paris(F) 114,30 33,94 109IndAssaAbloy B(S) 539,50 33,93 110FinBrLand Co(Gb) 852,00 33,81 111PbuKuehne&Nagel(Ch) 140,70 33,77 112IndHexagon(S) 323,50 33,58 113FinCommerzbank(D) 12,56 32,95 114IndHEXPOLAB Class B(S) 929,50 32,87 115PbuHowden Join(Gb) 467,80 32,86 116BvoPaddyPower(Irl) 83,16 32,59 117FinPartnersHld(Ch) 298,50 32,41 118BpnAssoc.Br.Foods(Gb) 2958,00 32,40 119BpnAbInbev(B) 115,60 32,24 120MatLafarge(F) 64,72 32,12 121SalLonza(Ch) 127,20 32,08 122MatRandgoldRes.(Gb) 5080,00 31,93 123EneGalp Energia(P) 12,28 31,81 124FinProvidentFincl(Gb) 2918,00 31,80 125PbuH & M B(S) 352,40 31,74 126FinLondonStock Ex.(Gb) 2531,00 31,61 127IndKabaHld(Ch) 590,50 31,57 128PbuICAGruppen AB(S) 303,70 31,56 129IndZardoya Otis(E) 12,17 31,54 130IndEssentra plc(Gb) 1028,00 31,46 131BvoMerlin(Gb) 452,00 31,34 132SalGrifols(E) 41,81 31,27 133BpnGlanbiaPlc(Irl) 17,80 31,24 134PbuRyanair Hldgs(Irl) 11,22 31,03 135FinDtAnnington Immob(D) 31,41 30,94 136BpnBooker(Gb) 153,40 30,93 137SalSonovaHld(Ch) 136,00 30,79 138PbuISS A/S(Dk) 228,60 30,73 139BpnBarry Callebaut(Ch) 1159,00 30,40 140FinIntuprop(Gb) 353,20 30,12 141IndKoneCorp(Fl) 42,51 30,02 142SalFreseniusM.Care(D) 80,36 29,91

143InfHalma(Gb) 719,00 29,72 144IndSpirax-Sarco(Gb) 3514,00 29,65 145TelAmadeus(E) 40,55 29,61 146IndSoc.BIC(F) 141,55 29,58 147TelTelecity(Gb) 922,50 29,52 148SalSmith&Nephew(Gb) 1146,00 29,49 149PbuAtlantia(I) 24,88 29,49 150IndSika(Ch) 3386,00 29,48 151InfGn Store Nord(Dk) 147,20 29,47 152FinErste Grp Bank(A) 24,11 29,35 153IndTaylorWimpey(Gb) 162,60 29,31 154FinMan(Gb) 209,60 29,28 155BvoCompass Group(Gb) 1178,00 29,08 156IndSBMOffshore NV(Nl) 11,94 29,05 157FinSt.James's Place(Gb) 958,50 28,96 158BvoItv(Gb) 266,10 28,93 159PbuEdenred(F) 25,01 28,92 160BpnSabmiller(Gb) 3636,00 28,85 161FinBankinter(E) 7,13 28,63 162SalOrpeaSA(F) 60,23 28,60 163FinPSPSwiss(Ch) 88,70 28,52 164FinAshteadGroup(Gb) 1115,00 28,52 165PbuSevernTrent(Gb) 2121,00 28,47 166BvoRestaurantGroup plc(Gb) 693,50 28,46 167FinSegro(Gb) 432,50 28,46 168FinBk Popular(E) 4,57 28,20 169SalFresenius(D) 55,67 28,17 170SalQiagen(Nl) 25,50 28,15 171PbuDixons Carphone(Gb) 442,00 28,14 172IndAmerSports(Fl) 21,53 28,05 173IndSmurfitKappa(Irl) 28,34 28,05 174IndAtlas Copco A(S) 290,30 27,91 175FinBankia(E) 1,26 27,90 176PbuTeleperformance(F) 67,10 27,88 177FinLEGImmobilien(D) 76,30 27,86 178BpnBurberry Grp(Gb) 1810,00 27,79 179IndAkzo Nobel(Nl) 71,88 27,79 180FinDanskeBank(Dk) 190,00 27,67 181IndVictrex(Gb) 2005,00 27,53 182IndViscofan,S.A.(E) 59,91 27,36 183PbuDufry AG(Ch) 147,80 27,19 184IndSuez Env(F) 17,43 27,15 185BvoA Springer(D) 55,45 26,99 186BpnHenkelPref.(D) 110,90 26,93 187TelDeutscheTelek(D) 16,80 26,88 188FinSwissPrime Site AG(Ch) 86,60 26,87 189FinJulius Baer(Ch) 52,10 26,86 190BpnBunzl(Gb) 1860,00 26,81 191BpnHeineken(Nl) 74,53 26,72 192PbuRandstad(Nl) 56,46 26,72 193BvoProsiebensat1(D) 47,42 26,71 194IndDCC Plc(Irl) 4263,00 26,59 195BpnCampari(I) 7,25 26,57 196IndBellway(Gb) 1996,00 26,51 197FinSchroders(Gb) 3342,00 26,51 198BpnUnilever(Gb) 3011,00 26,50 199IndElementis(Gb) 310,99 26,47 200PbuSodexo(F) 93,06 26,46 201IndCrodaInternational(Gb) 2873,00 26,40 202PbuDKSHHolding AG(Ch) 79,20 26,39



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





88BvoMtg B(S) 289,00 14,06 89IndAcsCons Y Ser(E) 32,80 14,07 90InfBaeSy.(Gb) 516,00 14,11 91FinGenerali(I) 18,16 14,11 92IndMetso(Fl) 28,25 14,18 93FinNN GroupNV(Nl) 26,37 14,20 94IndMichelin(F) 96,69 14,23 95PbuMitie Grp.(Gb) 294,30 14,29 96FinBnpParibas(F) 56,33 14,37 97IndAlstom(F) 29,24 14,37 98IndSmiths Group(Gb) 1134,00 14,39 99BpnRexel(F) 17,23 14,40 100FinPhoenix GroupHoldings 849,00 14,44 101MatVoestalpine(A) 37,83 14,46 102IndWeir Group(Gb) 1902,00 14,48 103PbuFortum(Fl) 18,80 14,62 104PbuIberdrola(E) 6,09 14,65 105FinSociete Generale(F) 45,60 14,71 106FinAviva(Gb) 550,00 14,75 107FinSeb A(S) 101,60 14,82 108InfQinetiq(Gb) 195,10 14,87 109PbuSse Plc(Gb) 1560,00 14,90 110IndNcc(S) 299,30 14,94 111PbuGas Natural(E) 22,04 15,06 112FinImmofinanz(A) 2,83 15,11 113IndTenaris(Lu) 14,76 15,11 114PbuCasinoGuichard(F) 82,62 15,13 115FinOldMutual(Gb) 240,30 15,16 116FinNordea(S) 108,80 15,27 117BvoWilliam Hill PLC(Gb) 377,00 15,35 118FinCofinimmo-Sicafi(B) 110,40 15,39 119FinBaloiseHld(Ch) 129,30 15,46 120FinHelvetia Hld(Ch) 547,50 15,48 121PbuFirstgroup(Gb) 103,00 15,51 122BvoRtlgroup(Lu) 94,10 15,53 123BvoOpap(Gr) 8,46 15,56 124IndSwatch GroupI(Ch) 440,00 15,70 125BvoUbm(Gb) 561,00 15,70 126IndGkn(Gb) 370,60 15,71 127Telfreenet(D) 29,56 15,74 128BvoGreene King(Gb) 830,00 15,75 129InfUltraElecs(Gb) 1717,00 15,76 130TelVodafoneGroup(Gb) 227,40 15,76 131FinDirect Line(Gb) 328,80 15,80 132TelAtos(F) 68,24 15,83 133FinLloydsBnk Grp(Gb) 79,90 15,86 134FinCastellum(S) 135,70 15,89 135SalGlaxosmithklin(Gb) 1596,00 16,10 136BpnCarlsberg B(Dk) 619,50 16,17 137FinKomercniBanka as 5403,00 16,19 138IndRexamPLC(Gb) 581,50 16,23 139InfCobham(Gb) 304,20 16,24 140FinIngGroep(Nl) 13,83 16,26 141PbuTerna(I) 4,23 16,35 142IndEnagas(E) 28,41 16,38

143FinTopdanmarkA/S(Dk) 212,60 16,39 144FinB.Santander(E) 6,76 16,39 145IndWendel(F) 113,60 16,39 146TelOrange(F) 15,84 16,39 147IndBerkeley(Gb) 2673,00 16,39 148IndYara Internation(Nok) 425,50 16,47 149IndVinci(F) 56,70 16,50 150FinShb A(S) 382,60 16,54 151FinIntern. Personal Fin.(Gb) 485,50 16,58 152FinZurichFin(Ch) 307,40 16,63 153IndSandvik(S) 98,40 16,66 154IndSEB(F) 70,81 16,70 155TelBelgacom(B) 33,78 16,71 156BpnAryztaAg(Ch) 65,80 16,72 157BvoInforma(Gb) 581,50 16,80 158IndPrysmian(I) 19,10 16,82 159PbuStagecoach(Gb) 374,50 16,93 160PbuBabcockInt(Gb) 1044,00 16,98 161IndBasf(D) 91,35 17,01 162EneGenelEnergy PLC(Gb) 576,00 17,09 163InfThales(F) 53,87 17,13 164MatGlencore(Gb) 302,10 17,18 165FinGjensidigeFor(Nok) 142,80 17,19 166PbuSnam(I) 4,74 17,22 167IndKoninklijke(Nl) 47,59 17,22 168InfMeggit(Gb) 546,50 17,26 169FinICADE(F) 81,20 17,32 170FinSampoPlc(Fl) 49,15 17,36 171FinAberdeenAM(Gb) 490,00 17,43 172BpnElectrocomponent(Gb) 245,90 17,43 173PbuEnelGreen Power(I) 1,77 17,51 174BpnKering(F) 175,95 17,55 175IndKoninklijke Dsm(Nl) 52,87 17,55 176PbuKingfisher(Gb) 359,40 17,58 177SalGerresheimer(D) 54,95 17,62 178FinIntermediate(Gb) 548,50 17,70 179FinCs GroupAg(Ch) 26,92 17,77 180IndPhilipsKon(Nl) 26,86 17,81 181EneBg Group(Gb) 1190,00 17,82 182MatImerys(F) 72,11 17,89 183IndJm(S) 304,30 17,89 184FinAdmiral Group(Gb) 1605,00 17,90 185FinStandardLife(Gb) 467,10 17,90 186IndBouygues(F) 37,74 18,04 187PbuDeutschePost(D) 30,41 18,12 188PbuD.Lufthansa(D) 12,47 18,21 189IndMarineHarvest(Nok) 94,85 18,22 190BpnImperial Tobac(Gb) 3279,00 18,28 191IndOC Oerlikon(Ch) 12,00 18,29 192IndWS Atkinsplc(Gb) 1320,00 18,41 193InfRollsRoyce Pl(Gb) 966,82 18,42 194PbuMoeller Maerskb(Dk) 14080 18,45 195PbuDelhaize Group(B) 85,27 18,53 196BpnAdidas(D) 76,03 18,60 197SalAstrazeneca(Gb) 4828,50 18,61 198SalGetingeAb(S) 234,90 18,61 199TelTelenor(Nok) 170,50 18,72 200SalOrionB(Fl) 27,40 18,77 201PbuBpost(B) 26,80 18,83 202IndEiffage(F) 56,22 18,85



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





88IndPrysmian(I) 19,10 0,67 89PbuSse Plc(Gb) 1560,00 0,68 90EneEni(I) 17,24 0,68 91InfAirbus Group(Nl) 63,97 0,68 92IndAndritz(A) 57,08 0,70 93IndLanxess(D) 49,84 0,70 94IndVestasWind(Dk) 312,40 0,70 95IndWS Atkinsplc(Gb) 1320,00 0,70 96IndMichelin(F) 96,69 0,71 97IndSaint-Gobain(F) 41,23 0,71 98TelCap Gemini(F) 79,30 0,71 99PbuColruyt(B) 43,84 0,72 100FinHannoverRueck(D) 100,10 0,72 101PbuRubis(F) 61,25 0,72 102IndJohn Wood Gr.(Gb) 714,50 0,72 103BpnWolseley(Gb) 4082,00 0,72 104IndFlsmidth& Co(Dk) 303,10 0,75 105PbuG4S(Gb) 302,10 0,75 106IndGeorgFischer(Ch) 687,50 0,77 107IndTechnip(F) 64,47 0,77 108IndOsram Licht(D) 46,28 0,78 109IndStoraEnso R(Fl) 10,52 0,78 110IndAmec FosterWheel.(Gb) 948,00 0,78 111IndVolvo B(S) 100,60 0,78 112MatVoestalpine(A) 37,83 0,79 113PbuJMartins Sgps(P) 11,94 0,79 114PbuGdfSuez(F) 19,47 0,80 115PbuKingfisher(Gb) 359,40 0,80 116InfBaeSy.(Gb) 516,00 0,81 117BvoOpap(Gr) 8,46 0,81 118InfSTMicroelectr.(Nl) 8,84 0,81 119PbuDsv(Dk) 228,50 0,83 120InfNokia(Fl) 7,27 0,83 121IndSmurfitKappa(Irl) 28,34 0,84 122IndDuerr(D) 103,70 0,85 123BpnBrenntag Ag(D) 57,42 0,85 124MatNorsk HydroASA(Nok) 43,75 0,85 125PbuCentrica(Gb) 260,00 0,86 126BpnGraftonGroup Plc(Irl) 808,00 0,86 127EneStatoil(Nok) 157,70 0,86 128PbuEnel(I) 4,35 0,87 129IndSEB(F) 70,81 0,89 130IndYara Internation(Nok) 425,50 0,89 131InfLogitechInternat.(Ch) 13,75 0,90 132PbuStagecoach(Gb) 374,50 0,90 133MatCRH(Irl) 25,95 0,91 134PbuMarks & Sp.(Gb) 568,00 0,92 135FinAgeas(B) 34,35 0,93 136PbuEndesaSA(E) 18,81 0,93 137BpnBunzl(Gb) 1860,00 0,93 138IndUpm-KymmeneOy(Fl) 18,68 0,95 139IndHusqvarna(S) 60,00 0,95 140IndSuez Env(F) 17,43 0,96 141BpnTravisPerkins(Gb) 1980,00 0,96 142IndGkn(Gb) 370,60 0,96

143IndMondi(Gb) 1383,00 0,96 144IndSaipem(I) 11,78 0,96 145InfEricsson B(S) 108,90 0,96 146IndSmith(Gb) 373,00 0,97 147FinDeltaLloyd(Nl) 18,27 0,97 148IndGamesa(E) 12,10 1,00 149PbuWHSmith PLC(Gb) 1385,00 1,00 150FinZurichFin(Ch) 307,40 1,01 151IndMAN(D) 99,02 1,01 152Telfreenet(D) 29,56 1,01 153PbuTeleperformance(F) 67,10 1,01 154IndArkema(F) 72,69 1,02 155PbuBpost(B) 26,80 1,03 156IndEvonikIndustries(D) 34,97 1,03 157IndHuhtamakiOy(Fl) 31,00 1,03 158IndAkzo Nobel(Nl) 71,88 1,03 159MatBolidenAb(S) 191,00 1,03 160IndAmerSports(Fl) 21,53 1,04 161IndJm(S) 304,30 1,04 162IndVinci(F) 56,70 1,06 163InfQinetiq(Gb) 195,10 1,06 164FinAmlin(Gb) 483,80 1,06 165BvoCompass Group(Gb) 1178,00 1,06 166BpnElectrocomponent(Gb) 245,90 1,08 167IndSolvay(B) 137,00 1,09 168IndContinental AG(D) 223,85 1,09 169PbuEdf(F) 23,28 1,10 170BvoTelevis. Francaise1 SA(F) 16,90 1,11 171IndSubsea7(Lu) 82,80 1,11 172InfMtu AeroEngines(D) 92,50 1,12 173IndBasf(D) 91,35 1,13 174IndPhilipsKon(Nl) 26,86 1,13 175IndClariant(Ch) 20,25 1,14 176IndK + S(D) 31,89 1,18 177PbuMoeller Maerskb(Dk) 14080 1,19 178IndOC Oerlikon(Ch) 12,00 1,20 179IndVallourec(F) 25,41 1,20 180IndEiffage(F) 56,22 1,20 181IndPirelli & C.(I) 15,33 1,21 182FinAegon(Nl) 7,48 1,21 183IndPetrofac Limited(Gb) 1024,00 1,22 184IndRexamPLC(Gb) 581,50 1,22 185FinDirect Line(Gb) 328,80 1,23 186BpnHeineken Hld(Nl) 67,87 1,26 187IndBillerudKorsnas AB(S) 148,40 1,26 188IndKoninklijke Dsm(Nl) 52,87 1,27 189MatHeidelbergcement(D) 74,72 1,28 190IndKingspan Group(Irl) 18,65 1,29 191PbuEasyjet(Gb) 1840,00 1,30 192FinPrudential(Gb) 1664,50 1,31 193BpnTate & Lyle PLC(Gb) 651,50 1,31 194IndSiemens(D) 101,45 1,32 195BpnAdidas(D) 76,03 1,32 196PbuBolloreSA(F) 5,03 1,32 197BpnAryztaAg(Ch) 65,80 1,33 198TelOrange(F) 15,84 1,33 199IndBarratt Develop(Gb) 529,50 1,33 200PbuGas Natural(E) 22,04 1,34 201BpnCoca Cola(Ch) 1382,00 1,35 202IndMetso(Fl) 28,25 1,35



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





88FinZurichFin(Ch) 307,40 23,49 89Fin3IGroup(Gb) 505,50 23,49 90PbuInchcape(Gb) 833,50 23,45 91BvoWhitbread(Gb) 5225,00 23,26 92BpnImperial Tobac(Gb) 3279,00 23,12 93PbuHowden Join(Gb) 467,80 23,00 94InfBaeSy.(Gb) 516,00 22,58 95BvoMediasetEs Co(E) 12,16 22,52 96TelDassaultSystem(F) 62,80 22,31 97BvoWoltersKluwer(Nl) 31,11 22,23 98BvoMerlin(Gb) 452,00 22,14 99IndYara Internation(Nok) 425,50 22,14 100PbuWHSmith PLC(Gb) 1385,00 21,84 101IndHEXPOLAB Class B(S) 929,50 21,83 102IndBellway(Gb) 1996,00 21,48 103FinGt PortlandE(Gb) 821,00 21,34 104FinSchroders(Gb) 3342,00 21,17 105BvoPaddyPower(Irl) 83,16 21,06 106FinHannoverRueck(D) 100,10 21,04 107BpnGraftonGroup Plc(Irl) 808,00 20,98 108BpnLuxottica(I) 60,80 20,89 109BvoCompass Group(Gb) 1178,00 20,81 110FinJulius Baer(Ch) 52,10 20,73 111IndAtlas Copco A(S) 290,30 20,50 112FinShaftesbury(Gb) 848,50 20,42 113TelDeutscheTelek(D) 16,80 20,36 114FinPhoenix GroupHoldings 849,00 20,35 115BvoReed Elsevier(Gb) 1142,00 20,26 116TelCable&Wir(Gb) 65,55 19,94 117FinDerwentLondon(Gb) 3521,00 19,92 118FinAshteadGroup(Gb) 1115,00 19,88 119BpnL Oreal(F) 178,75 19,43 120PbuMarks & Sp.(Gb) 568,00 19,14 121IndClariant(Ch) 20,25 18,90 122PbuUnitedUtil Gr(Gb) 969,00 18,82 123TelBtGroup(Gb) 452,00 18,67 124PbuG4S(Gb) 302,10 18,67 125PbuWppPlc(Gb) 1571,00 18,64 126InfHalma(Gb) 719,00 18,63 127FinSegro(Gb) 432,50 18,62 128BpnAbInbev(B) 115,60 18,39 129IndValeo(F) 144,30 18,36 130IndAmerSports(Fl) 21,53 18,11 131FinBrLand Co(Gb) 852,00 17,97 132BpnBurberry Grp(Gb) 1810,00 17,88 133IndInvestorB(S) 349,20 17,46 134BpnReckit BncsrG(Gb) 6001,00 17,34 135IndSchindler-Hld(Ch) 162,80 17,25 136BpnHeineken(Nl) 74,53 17,22 137IndKingspan Group(Irl) 18,65 16,87 138IndFaureciaSA(F) 44,10 16,77 139FinPrudential(Gb) 1664,50 16,51 140SalAstrazeneca(Gb) 4828,50 16,39 141FinNatixis(F) 7,35 16,37 142PbuICAGruppen AB(S) 303,70 16,35

143MatOutokumpuOyj(Fl) 7,38 16,30 144BvoTuiAg(D) 16,81 16,18 145FinHelvetia Hld(Ch) 547,50 16,04 146BvoAccor(F) 48,89 15,91 147InfSafran(F) 67,89 15,88 148InfArmHoldings(Gb) 1137,00 15,79 149SalBayer(D) 138,95 15,54 150FinDeutscheBoerse(D) 77,74 15,45 151InfSTMicroelectr.(Nl) 8,84 15,42 152FinInvestec(Gb) 597,50 15,23 153FinBolsasY Mer E(E) 43,30 15,22 154BpnHenkelPref.(D) 110,90 15,20 155TelOrange(F) 15,84 15,03 156BvoBritish Sky Broadc.(Gb) 1047,00 14,68 157BpnHeineken Hld(Nl) 67,87 14,67 158BvoSchibsted(Nok) 511,00 14,55 159InfInfineon Tech.(D) 11,56 14,45 160IndChsHansen(Dk) 345,30 14,45 161FinLandSecs(Gb) 1278,00 14,39 162FinIntuprop(Gb) 353,20 14,34 163IndStoraEnso R(Fl) 10,52 14,25 164IndSpirax-Sarco(Gb) 3514,00 14,25 165IndGea Group(D) 45,81 14,19 166PbuKuehne&Nagel(Ch) 140,70 13,95 167FinIntermediate(Gb) 548,50 13,85 168InfNokia(Fl) 7,27 13,76 169FinKlepierre(F) 45,90 13,66 170TelAmadeus(E) 40,55 13,63 171TelTele2 B(S) 106,40 13,54 172InfAlcatel-Lucent(F) 3,71 13,47 173BpnWolseley(Gb) 4082,00 13,47 174PbuSevernTrent(Gb) 2121,00 13,26 175BpnLindt&Spruengli(Ch) 62165 13,12 176SalNovorzymes(Dk) 338,20 12,48 177FinStandardLife(Gb) 467,10 12,26 178FinIngGroep(Nl) 13,83 12,21 179BpnChristian Dior(F) 183,15 12,12 180FinHammerson(Gb) 677,00 12,03 181IndEMS-ChemieHld(Ch) 398,75 11,85 182PbuInditex(E) 30,34 11,85 183FinCapital&Counti(Gb) 405,20 11,66 184PbuMichaelPage(Gb) 544,50 11,59 185PbuAholdKon(Nl) 19,36 11,52 186FinAdmiral Group(Gb) 1605,00 11,46 187TelElisaCorp(Fl) 26,03 11,42 188FinIg Group(Gb) 722,00 11,22 189TelSageGroup(Gb) 479,30 11,06 190BpnUnilever NV(Nl) 41,88 11,02 191TelTalktalk(Gb) 348,20 10,88 192FinDtEuroshop(D) 47,06 10,82 193InfMtu AeroEngines(D) 92,50 10,76 194PbuPostNLNV(Nl) 4,61 10,56 195IndAirLiquide(F) 121,50 10,54 196IndMarineHarvest(Nok) 94,85 10,51 197FinBaloiseHld(Ch) 129,30 10,48 198FinUnibail Rodamco(F) 252,55 10,36 199FinOldMutual(Gb) 240,30 10,34 200FinSwissPrime Site AG(Ch) 86,60 10,25 201PbuRandstad(Nl) 56,46 10,24 202TelWirecard(D) 41,09 10,19



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





88IndValeo(F) 144,30 0,20 89BpnBooker(Gb) 153,40 0,20 90IndKingspan Group(Irl) 18,65 0,20 91IndSeadrill(Gb) 95,30 0,19 92SalColoplastB(Dk) 568,00 0,19 93PbuNext(Gb) 7285,00 0,19 94FinHargreaves Ls(Gb) 1237,00 0,19 95IndJm(S) 304,30 0,19 96FinKbc Groep(B) 59,07 0,18 97FinCatlinG(Gb) 712,50 0,18 98FinCs GroupAg(Ch) 26,92 0,18 99IndDuerr(D) 103,70 0,18 100PbuBolloreSA(F) 5,03 0,18 101IndSmith(Gb) 373,00 0,18 102BvoWhitbread(Gb) 5225,00 0,18 103FinJupiterFund(Gb) 439,10 0,18 104IndTrelleborg(S) 178,00 0,18 105IndHEXPOLAB Class B(S) 929,50 0,18 106IndSymriseAg(D) 58,10 0,17 107FinAberdeenAM(Gb) 490,00 0,17 108TelMicroFocus Intern.(Gb) 1211,00 0,17 109FinUBI Banca(I) 7,37 0,17 110FinSeb A(S) 101,60 0,17 111PbuMichaelPage(Gb) 544,50 0,16 112TelWirecard(D) 41,09 0,15 113FinIntern. Personal Fin.(Gb) 485,50 0,15 114FinProvidentFincl(Gb) 2918,00 0,15 115IndHexagon(S) 323,50 0,15 116IndHusqvarna(S) 60,00 0,15 117BpnAbInbev(B) 115,60 0,14 118PbuBpost(B) 26,80 0,14 119IndGeberit N1(Ch) 366,40 0,14 120FinDeutscheWohnen(D) 24,50 0,14 121SalNovo Nordisk(Dk) 382,40 0,14 122BpnTravisPerkins(Gb) 1980,00 0,14 123IndEssentra plc(Gb) 1028,00 0,14 124IndEMS-ChemieHld(Ch) 398,75 0,13 125FinMapfre(E) 3,60 0,13 126BpnScaB(S) 208,50 0,13 127IndAckermans V.Haar(B) 113,00 0,12 128MatHolcim(Ch) 74,95 0,12 129FinPartnersHld(Ch) 298,50 0,12 130BpnAryztaAg(Ch) 65,80 0,12 131FinJulius Baer(Ch) 52,10 0,12 132SalNovorzymes(Dk) 338,20 0,12 133InfSafran(F) 67,89 0,12 134TelCap Gemini(F) 79,30 0,12 135TelTelecity(Gb) 922,50 0,12 136PbuUnitedUtil Gr(Gb) 969,00 0,12 137PbuInchcape(Gb) 833,50 0,12 138FinHenderson(Gb) 295,50 0,12 139IndSkanskaB(S) 189,50 0,12 140PbuSecuritasB(S) 129,60 0,12 141IndAssaAbloy B(S) 539,50 0,12 142IndGeorgFischer(Ch) 687,50 0,11

143BpnBeiersdorf(D) 82,03 0,11 144SalStada Arznei(D) 33,20 0,11 145FinDtAnnington Immob(D) 31,41 0,11 146SalEurofinsSc. S. Europ.(F) 265,60 0,11 147IndEiffage(F) 56,22 0,11 148SalOrpeaSA(F) 60,23 0,11 149SalBtg(Gb) 761,00 0,11 150BvoRestaurantGroup plc(Gb) 693,50 0,11 151PbuCapita Group(Gb) 1128,00 0,11 152PbuWHSmith PLC(Gb) 1385,00 0,11 153IndTgsNopec Geo(Nok) 181,90 0,11 154BpnLindt&Spruengli(Ch) 62165 0,10 155BpnGivaudan(Ch) 1768,00 0,10 156SalSonovaHld(Ch) 136,00 0,10 157PbuDeutschePost(D) 30,41 0,10 158SalMerck Kgaa(D) 108,25 0,10 159FinAllianz(D) 165,55 0,10 160PbuMoeller Maerskb(Dk) 14080 0,10 161FinBolsasY Mer E(E) 43,30 0,10 162IndStoraEnso R(Fl) 10,52 0,10 163PbuTeleperformance(F) 67,10 0,10 164FinScorSe(F) 33,12 0,10 165FinAviva(Gb) 550,00 0,10 166IndJohn Wood Gr.(Gb) 714,50 0,10 167IndJohnsonMatthe(Gb) 3432,00 0,10 168IndDCC Plc(Irl) 4263,00 0,10 169BvoPaddyPower(Irl) 83,16 0,10 170IndPhilipsKon(Nl) 26,86 0,10 171IndSBMOffshore NV(Nl) 11,94 0,10 172PbuRandstad(Nl) 56,46 0,10 173FinNordea(S) 108,80 0,10 174FinZurichFin(Ch) 307,40 0,09 175BpnHenkelPref.(D) 110,90 0,09 176SalWilliam Demant(Dk) 579,50 0,09 177FinTryg(Dk) 788,00 0,09 178TelAmadeus(E) 40,55 0,09 179IndAmerSports(Fl) 21,53 0,09 180IndKoneCorp(Fl) 42,51 0,09 181TelAtos(F) 68,24 0,09 182FinAxa(F) 24,00 0,09 183PbuVeoliaEnviron(F) 19,00 0,09 184PbuEdf(F) 23,28 0,09 185FinLegal & Genera(Gb) 281,70 0,09 186BpnAssoc.Br.Foods(Gb) 2958,00 0,09 187IndRotor(Gb) 2643,00 0,09 188BpnBunzl(Gb) 1860,00 0,09 189PbuBerendsen plc(Gb) 1130,00 0,09 190BpnGlanbiaPlc(Irl) 17,80 0,09 191BpnKerry Group(Irl) 69,24 0,09 192TelGemalto(Nl) 81,34 0,09 193PbuH & M B(S) 352,40 0,09 194InfamsAG(A) 45,50 0,08 195FinLancashire Hold. Ltd(Gb) 656,50 0,08 196FinGAM Hld(Ch) 21,30 0,08 197InfInfineon Tech.(D) 11,56 0,08 198FinLEGImmobilien(D) 76,30 0,08 199BvoProsiebensat1(D) 47,42 0,08 200PbuRedElectr Cor(E) 77,54 0,08 201PbuKeskoB(Fl) 38,60 0,08 202BpnHermes Intern.(F) 339,25 0,08


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

1 Eni IT0003132476 v 61661 0,842 Intesa Sanpaolo 50849

Ordinarie IT0000072618 ¬ 48258 1,48Risparmion.c. IT0000072626 ¬ 2591 1,35

3 Enel IT0003128367 ¬ 39721 1,164 UniCredit 36626


5 Luxottica IT0001479374 ¬ 28887 0,436 Generali IT0000062072 u 26996 0,877 Atlantia IT0003506190 ¬ 20569 —8 TelecomItalia 19836

Ordinarie IT0003497168 ¬ 14584 1,04Risparmion.c. IT0003497176 ¬ 5251 —

9 Fiat ChryslerAuto NL0010877643 ¬ 19156 —10 Tenaris LU0156801721 v 17059 0,7611 Snam IT0003153415 v 16444 0,6012 CNHIndustrial NL0010545661 v 11105 —13 Exor IT0001353140 ¬ 10587 —14 EnelGreen Power IT0004618465 ¬ 8773 —15 TERNA IT0003242622 v 8429 —16 STMicroelectr. NL0000226223 ¬ 8172 0,8817 Pirelli& C. 7516

Ordinarie IT0004623051 v 7326 0,79Risparmion.c. IT0004623333 v 189 0,64

18 Mediobanca IT0000062957 ¬ 7360 1,6719 Fondiaria-Sai 7103

Ordinarie IT0004827447 ¬ 5819 1,24Risparmion.c. IT0004827454 ¬ 313 0,63Risparmio IT0004827488 ¬ 972 —

20 UBIBanca IT0003487029 ¬ 6468 1,6621 Finmeccanica IT0003856405 ¬ 6459 1,1122 Mediolanum IT0001279501 ¬ 5488 1,5223 Mediaset IT0001063210 ¬ 5150 1,5324 Saipem 5086

Ordinarie IT0000068525 v 5086 1,32Risparmio IT0000068533 ¬ —

25 BancoPopolare IT0005002883 ¬ 4928 1,9026 SalvatoreFerragamo IT0004712375 ¬ 4872 —27 ParmalatS.p.a. IT0003826473 ¬ 4559 —28 Moncler IT0004965148 ¬ 4162 —29 Campari IT0003849244 v 4152 0,5930 FinecoBank IT0000072170 ¬ 4016 —31 B.caPop. Milano IT0000064482 ¬ 3971 1,6932 Prysmian IT0004176001 ¬ 3937 —33 Recordati IT0003828271 ¬ 3818 0,4534 AzimutHolding IT0003261697 ¬ 3729 —35 Unipol 3492

Ordinarie IT0004810054 ¬ 2165 1,32Privilegiate IT0004810062 ¬ 1326 1,21

36 B.caPop. Emilia Rom. IT0000066123 ¬ 3435 1,7437 Hera IT0001250932 v 3422 0,6738 Banca Generali IT0001031084 ¬ 3407 —39 BBBiotech CH0038389992 ¬ 3404 0,5640 A2A IT0001233417 v 3293 1,2141 De'Longhi IT0003115950 ¬ 2952 0,6542 MontePaschi IT0004984842 ¬ 2904 1,7843 BuzziUnicem 2750

Ordinarie IT0001347308 v 2388 0,98Risparmion.c. IT0001369427 ¬ 362 0,87

44 Acea IT0001207098 ¬ 2595 0,7045 CREDEM IT0003121677 ¬ 2592 1,1646 Tod's IT0003007728 u 2577 0,59

47 WorldDuty Free IT0004954662 ¬ 2550 —48 Brembo IT0001050910 ¬ 2490 1,0049 Sias IT0003201198 ¬ 2329 0,8150 Italcementi IT0001465159 u 2304 1,4951 Diasorin IT0003492391 ¬ 2300 —52 AnimaHolding IT0004998065 ¬ 2259 —53 Autogrill IT0001137345 ¬ 2256 0,7854 AnsaldoSts IT0003977540 v 1902 —55 Salini Impregilo 1882

Ordinarie IT0003865570 ¬ 1866 1,10Risparmion.c. IT0003865588 u 16 0,20

56 Erg IT0001157020 ¬ 1880 0,9657 YOOXS.P.A. IT0003540470 v 1838 —58 B.caPop. Sondrio IT0000784196 u 1798 1,1659 Ima IT0001049623 ¬ 1768 0,6560 InterpumpGr. IT0001078911 ¬ 1660 0,6861 BeniStabili IT0001389631 ¬ 1644 0,9162 Saras IT0000433307 ¬ 1618 —63 Danieli 1581

Ordinarie IT0000076502 ¬ 915 0,87Risparmion.c. IT0000076486 v 665 0,75

64 EI TOWERS IT0003043418 v 1538 —65 Amplifon IT0004056880 ¬ 1522 0,6166 Iren IT0003027817 ¬ 1515 1,3767 Fincantieri IT0001415246 v 1414 —68 CattolicaAss IT0000784154 ¬ 1393 0,9469 Sorin IT0003544431 ¬ 1388 —70 Cerved IT0005010423 ¬ 1246 —71 Cr.Valtellinese IT0000064516 u 1245 1,7272 BrunelloCucinelli IT0004764699 ¬ 1154 —73 Marr IT0003428445 v 1134 —74 AutoTo-Mi IT0000084027 ¬ 1099 0,8575 OVS IT0005043507 ¬ 1092 —76 RaiWay IT0005054967 ¬ 1092 —77 Cementir IT0003126783 ¬ 1027 1,2678 B.caIfis IT0003188064 ¬ 1009 —79 Piaggio IT0003073266 u 977 —80 Italmobiliare 961

Ordinarie IT0000074598 ¬ 657 1,21Risparmion.c. IT0000074614 u 304 1,08

81 Geox IT0003697080 ¬ 857 —82 SafiloGroup IT0004604762 ¬ 853 —83 Cir IT0000080447 ¬ 847 0,9584 Reply IT0001499679 ¬ 842 0,5985 MaireTecnimont IT0004931058 ¬ 816 —86 Astaldi IT0003261069 ¬ 759 1,2487 B.caCarige 732

Risparmio IT0003308878 ¬ 4 0,72Ordinarie IT0003211601 ¬ 728 0,92

88 SAVE IT0001490736 ¬ 718 —89 Sol IT0001206769 ¬ 701 0,5590 Datalogic IT0004053440 v 681 0,5391 EngineeringI.I. IT0003029441 ¬ 663 0,5792 Vittoria Ass. IT0000062882 ¬ 660 0,6393 IGD IT0003745889 ¬ 641 —94 RCS Mediagroup IT0004931496 ¬ 620 1,2695 Dea Capital IT0001431805 ¬ 591 0,5196 B.caIntermobil. IT0000074077 ¬ 553 neg.97 Ascopiave IT0004093263 ¬ 543 —98 Gr.L'Espresso IT0001398541 ¬ 496 1,2399 Tamburi Inv. Partners IT0003153621 ¬ 490 —

100 ZignagoVetro IT0004171440 ¬ 486 —101 Esprinet IT0003850929 ¬ 473 1,29


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

102 TreviFin. IT0001351383 u 460 0,96103 La Doria IT0001055521 ¬ 439 0,62104 CairoComm. IT0004329733 u 409 0,92105 Biesse IT0003097257 ¬ 397 1,22106 B.coDesio 382


107 Sogefi IT0000076536 u 369 1,07108 DeLclima IT0004772502 ¬ 355 —109 Cofide IT0000070786 ¬ 352 0,90110 FalckRen. IT0003198790 ¬ 346 1,00111 Juventus IT0000336518 v 322 0,51112 CTIBiofarma US12648L1061 ¬ 322 —113 Risanamento IT0001402269 ¬ 316 0,64114 Moleskine IT0004894900 ¬ 314 —115 Mondadori IT0001469383 ¬ 291 1,17116 IVSGroup LU0556041001 v 287 —117 MutuiOnline IT0004195308 ¬ 284 —118 Caltagirone IT0003127930 ¬ 276 0,78119 SeatPagine Gialle 276

Risparmio IT0005070641 ¬ 1 —Ordinarie IT0005070633 ¬ 274 —

120 FNM IT0000060886 ¬ 273 1,00121 Aeffe IT0001384590 v 264 —122 Valsoia IT0001018362 ¬ 264 —123 FieraMilano IT0003365613 u 260 0,61124 VianiniLav. IT0003127864 ¬ 260 0,68125 Cembre IT0001128047 ¬ 259 0,51126 Sesa IT0004729759 ¬ 256 —127 Banzai IT0005084717 u 252 —128 Bastogi IT0004412497 ¬ 251 0,35129 D'Amico LU0290697514 v 248 —130 B.caProfilo IT0001073045 u 234 1,14131 BasicNet IT0001033700 v 224 0,50132 Immsi IT0001413837 u 216 0,86133 Prelios IT0004923022 ¬ 215 1,27134 RomaA.S. IT0001008876 v 210 0,41135 PrimaIndustrie IT0003124663 ¬ 200 0,86136 B.caFinnat IT0000088853 u 189 0,99137 MolecularMedicine IT0001080248 v 187 —138 El.En. IT0001481867 ¬ 185 0,60139 Snai IT0000074903 u 181 1,26140 Gasplus IT0004098510 ¬ 180 —141 Pininfarina IT0003056386 ¬ 179 0,78142 SaesGetters 172


143 Emak IT0001237053 ¬ 154 0,64144 KmeGroup 154

Ordinarie IT0004552359 ¬ 123 0,70Risparmion.c. IT0004552367 ¬ 31 0,53Risparmio IT0004867930 ¬ —

145 Space IT0004967292 ¬ 154 —146 SAT IT0000214293 ¬ 150 —147 Bon.Ferraresi IT0000074135 u 145 neg.148 Servizi Italia IT0003814537 ¬ 145 —149 Reno De Medici IT0001178299 ¬ 144 0,96150 Sabaf IT0001042610 ¬ 142 0,60151 Mittel IT0001447348 ¬ 135 0,53152 Aeroporto Firenze IT0000346798 ¬ 132 0,31153 Elica IT0003404214 ¬ 132 —154 AlerionCleanp. IT0004720733 ¬ 131 0,31155 LandiRenzo IT0004210289 v 126 —

156 Tiscali IT0004513666 ¬ 124 1,30157 PanariaGroup IT0001467577 ¬ 118 —158 Damiani IT0004249329 u 115 —159 Txte-solutions IT0001454435 u 115 0,61160 CaltagironeEdit. IT0001472171 u 114 0,55161 TelecomItalia Media 110


162 ClassEditori IT0001276408 ¬ 106 1,11163 Acsm-Agam IT0001382024 ¬ 102 0,94164 Carraro IT0001046553 ¬ 101 0,96165 Retelit IT0004370463 ¬ 98 0,90166 MondoTV IT0001447785 ¬ 95 0,62167 Beghelli IT0001223277 ¬ 94 0,85168 Bolzoni IT0004027279 ¬ 92 —169 Edison IT0003372205 u 89 0,24169 B&C Speakers IT0001268561 ¬ 85 —170 Piquadro IT0004240443 u 84 —171 BeeTeam IT0001479523 ¬ 83 1,12172 DigitalBros IT0001469995 ¬ 81 0,60173 Brioschi Svil. Imm.re IT0000066180 u 80 0,83174 Autos. Merid. IT0000084043 v 79 0,33175 Kinexia IT0004441603 ¬ 76 0,69176 Tesmec IT0004585243 ¬ 75 —177 TerniEnergia S.P.A. IT0004359037 ¬ 72 —178 Ratti IT0004724107 ¬ 71 0,41179 B.coSardegna IT0001005070 ¬ 71 0,26180 EnervitS.p.a. IT0004356751 v 70 —181 Eurotech IT0003895668 ¬ 69 —182 Isagro 65

Ordinarie IT0001069902 ¬ 46 —Ordinarie IT0005013542 ¬ 19 —

184 Pol.S.Faustino IT0001352217 ¬ 63 0,68185 CSPInternational IT0001127874 ¬ 59 0,40186 Irce IT0001077780 ¬ 59 0,40187 S.S. Lazio IT0003621783 v 59 0,47188 M&C IT0003955009 ¬ 54 —189 Gefran IT0003203947 ¬ 53 0,77190 Gabetti IT0005023038 ¬ 52 1,08191 Monrif IT0000066016 ¬ 52 0,67192 Acotel IT0001469953 u 51 0,60193 Dada IT0001455473 ¬ 48 0,52194 Ambienthesis IT0001042297 ¬ 48 0,71195 Exprivia IT0001477402 ¬ 46 0,91196 Pierrel IT0004007560 v 46 —197 Noemalife IT0004014533 v 45 —198 Premuda IT0003676282 v 45 0,96199 PoligraficiEditoriale IT0000086923 ¬ 43 0,71200 Bialetti Industrie IT0004222102 u 43 —201 CAD IT IT0001489720 ¬ 42 0,56202 Fidia IT0001498481 ¬ 39 0,66203 Vianini Ind. IT0003127898 v 38 0,57204 CentraleLatte To IT0003023980 ¬ 38 1,18205 IlSole24 Ore IT0004269723 ¬ 37 —206 K.R.Energy IT0004841315 ¬ 32 0,61207 Stefanel 29

Ordinarie IT0004607518 u 29 0,84Risparmio IT0004607526 ¬ —

208 Borgosesia 29Ordinarie IT0003217335 ¬ 28 0,28Risparmion.c. IT0003217368 ¬ 1 —

209 CIA IT0003389522 ¬ 28 0,40210 CapeListed IT0005025496 v 28 —


la classifica di piazza affari

211 Aedes IT0005065849 ¬ 26 1,17212 Ricchetti IT0003690283 ¬ 24 0,86213 Mediacontech IT0004991490 v 23 1,06214 Fullsix IT0001487047 v 23 0,20215 Grandi Viaggi IT0001244026 u 22 0,78216 Bioera IT0004711203 ¬ 21 —217 BestUnion Company IT0004273915 v 21 —218 Tas IT0001424644 v 21 1,09219 Ergy IT0004370448 v 20 —220 Zucchi 20

Ordinarie IT0000080553 u 20 1,12Risparmion.c. IT0000080561 ¬ —

221 EuKedos IT0004818297 ¬ 19 —222 ItWay IT0003057624 ¬ 17 0,26223 BiancamanoS.p.a. IT0004095888 u 17 —224 ConafiPrestitò IT0004105653 v 16 —225 Caleffi IT0003025019 ¬ 16 —226 ROSSS IT0004297575 ¬ 16 —227 Le BuoneSocietà IT0005013013 ¬ 15 0,58228 Olidata IT0001350625 ¬ 13 0,75229 Chl IT0001446613 ¬ 12 0,85230 Industria e Innovazione IT0004179088 v 12 —231 Meridie IT0004283807 v 8 —232 EEMS IT0001498234 u 5 —233 DmailGroup IT0004819030 ¬ 4 0,76234 Investimentie Sviluppo IT0004942915 ¬ 3 0,66235 Sintesi IT0004659428 ¬ 3 1,44236 Ciccolella IT0000080421 ¬ 0 0,52237 Cdc IT0001477337 ¬ 0 —238 SSBT IT0003745129 ¬ 0 —239 Nice IT0003317945 ¬ 0 —

240 Arena IT0001347175 ¬ 0 —241 NOVA RE IT0001162509 ¬ 0 —242 BoeroB. IT0000066966 v 0 —243 MovieMax IT0003765267 ¬ 0 —244 CogemeSet IT0004092216 ¬ 0 —245 B.caPop. Etruria Lazio IT0004919327 v 0 1,45246 B.caPop. Spoleto IT0001007209 ¬ 0 —

TOTALE 600682

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) 650284,30 319,09 8,632 Google Inc(USA) 321541,09 148,79 5,473 Exxon Mobil(USA) 318044,79 58,23 2,804 Microsoft Cp(USA) 306089,79 69,85 5,915 Berkshre Cl B(USA) 305041,89 123,84 2,036 Novartis(CH) 262676,09 78,93 3,707 Wells Fargo & Co(USA) 244996,79 101,94 2,398 Johnson Johnson(USA) 242389,26 92,29 5,089 General Elec Co(USA) 235154,32 76,14 2,77

10 Nestle Sa(CH) 231949,43 40,63 3,7911 Roche Holding Ag(CH) 231942,72 61,72 12,2512 Toyota Motor C(JP) 225170,07 135,06 1,8513 Wal-Mart Stores(USA) 219620,40 78,53 4,0714 Facebook(USA) 205611,17 — 17,7315 Jpmorgan Chase(USA) 202864,98 74,49 1,5216 Procter & Gamble(USA) 194765,56 62,07 4,4517 Pfizer Inc(USA) 186169,37 162,90 3,9618 Royal Dtch Shl(NL) 184965,07 27,21 1,4019 Ab Inbev(B) 183178,78 207,84 4,9720 Chevron(USA) 178731,05 67,26 1,8421 Verizon Comms(USA) 175462,28 124,73 4,7122 Oracle(USA) 165080,55 105,86 5,4323 Hsbc Holdings(GB) 164259,46 -10,32 1,0724 Walt Disney Co(USA) 159234,55 264,01 5,5325 Amazon Com(USA) 157121,89 222,13 23,6826 Coca-Cola Co(USA) 156640,66 88,69 7,1627 At&T(USA) 148035,75 55,15 2,4428 Visa Inc(USA) 144958,64 254,66 8,3029 Bank Of America(USA) 143732,38 5,30 0,9830 Intl Bus Machine(USA) 141870,27 58,84 10,1431 Merck & Co(USA) 141633,86 111,89 4,5232 Citigroup(USA) 139838,81 35,24 1,0433 Intel Corp(USA) 134599,53 69,07 3,6834 Gilead Sci(USA) 134110,13 536,71 16,7035 Comcast Corp A(USA) 128946,07 287,68 3,9236 Home Depot Inc(USA) 127336,36 292,35 16,6137 Sanofi(F) 127305,76 80,05 2,2438 Cisco Systems(USA) 126812,13 29,94 3,3539 Pepsico Inc(USA) 125168,11 86,32 8,0040 Bp(GB) 122850,25 -24,62 1,1641 Total(F) 115506,58 14,14 1,5142 Bayer(D) 112837,03 174,55 5,4543 Philip Morris(USA) 112530,10 102,59 —44 Amgen(USA) 111245,03 260,63 7,4545 Volkswagen Pref.(D) 107588,42 197,52 1,2646 Glaxosmithklin(GB) 105690,99 24,43 10,6947 Actavis Plc(USA) 103781,14 756,35 5,7448 Schlumberger Ltd(USA) 101571,18 67,66 3,9849 Cvs Caremark Crp(USA) 99752,67 240,92 4,2050 L Oreal(F) 99393,90 121,71 4,7651 Brit Am Tobacc(GB) 97638,79 72,35 10,6352 Qualcomm Inc(USA) 97512,81 117,41 4,3153 Unitedhealth Gp(USA) 97311,82 379,73 4,8254 Mitsub Ufj Fg(JP) 96981,37 73,07 0,9855 Bristol Myers Sq(USA) 96347,67 238,00 10,2056 Medtronic(USA) 96072,06 119,16 5,1657 Daimler(D) 93600,08 131,15 2,1458 United Tech Cp(USA) 92226,57 89,81 4,3059 B. Santander(E) 92195,26 -31,02 1,0160 Mastercard Cl A(USA) 90912,92 332,42 19,02

61 Inditex(E) 90865,99 201,75 9,8362 3M Company(USA) 90807,69 137,36 8,2263 Boeing Co(USA) 90749,36 148,09 9,9564 Abbvie(USA) 89165,09 — 29,3065 Altria Group(USA) 88998,55 203,79 38,9566 Siemens(D) 87835,70 44,12 2,9967 Royal Bk Can(CAN) 87739,76 29,48 2,6268 Biogen Idec(USA) 86257,48 909,75 15,1969 Astrazeneca(GB) 86188,93 67,40 4,3570 Sap(D) 84938,78 89,95 5,1271 Vodafone Group(GB) 84604,98 49,79 0,8572 Union Pacific Cp(USA) 84462,44 260,25 6,2173 Basf(D) 83875,48 97,81 3,0974 Kinder Morgan(USA) 82419,07 — 4,4875 Walgreen Co(USA) 82387,76 199,32 5,4976 Lvmh(F) 81683,01 104,75 3,0377 Mcdonald'S Corp(USA) 81453,58 70,85 8,1278 Sabmiller(GB) 80906,62 76,75 3,5979 Celgene Corp(USA) 80289,86 388,61 17,7780 Toronto Dom Bk(CAN) 78580,73 45,24 2,1881 Lloyds Bnk Grp(GB) 78410,69 17,67 1,4382 Goldm Sachs Grp(USA) 77618,35 54,66 1,6783 United Parcel B(USA) 76907,20 78,33 18,4484 Deutsche Telek(D) 76809,90 71,18 3,1085 Nike Inc Cl B(USA) 74737,70 217,58 10,7786 Allianz(D) 74102,55 82,05 1,4787 Conocophillips(USA) 72557,19 93,83 2,0688 Ntt(JP) 72316,78 110,08 1,0789 Bnp Paribas(F) 72278,00 9,83 0,9090 Ntt Docomo(JP) 70900,63 47,52 1,6491 Unilever NV(NL) 70861,12 79,05 8,1892 Bmw(D) 70834,49 203,45 2,0493 Eli Lilly(USA) 69722,34 153,47 6,1394 Honeywell Intl(USA) 69337,79 167,18 5,9495 Ubs Group(CH) 69189,96 12,75 1,5096 Amer Express Co(USA) 69174,96 108,02 5,6497 Telefonica(E) 67261,25 -19,30 2,9498 Amer Intl Group(USA) 66495,09 93,68 1,0699 Japan Tobacco(JP) 66399,38 172,49 3,09

100 Us Bancorp(USA) 66173,75 94,10 2,76101 Diageo(GB) 65793,10 65,09 6,63102 Morgan Stanley(USA) 63656,83 44,64 1,48103 Abbott Labs(USA) 63328,18 145,18 4,04104 Starbucks Corp(USA) 62915,08 340,02 15,43105 Twenty First C. Fox(USA) 62314,07 197,74 5,96106 H & M B(S) 61906,12 42,02 12,72107 Kddi(JP) 61841,26 285,04 2,72108 Eni(I) 61817,49 -2,86 1,06109 Bk Nova Scotia(CAN) 61496,90 27,90 1,98110 Time Warner Inc(USA) 60886,34 228,64 3,30111 Lowes Companies(USA) 60361,37 229,21 8,41112 Reckit Bncsr G(GB) 60173,28 73,83 6,78113 Honda Motor(JP) 60004,89 33,81 1,30114 Ebay Inc(USA) 59733,69 184,06 4,04115 Barclays(GB) 59490,83 -23,77 0,77116 Prudential(GB) 59160,98 200,73 4,35117 Bbva(E) 57848,22 -6,68 1,27118 Smfg(JP) 57696,11 60,28 0,98119 Axa(F) 57356,87 43,11 1,15120 Rio Tinto(GB) 56591,91 -21,43 1,91

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

areaeuro3Directv Hldg XS0933547456 BBB 05-23 111,738 1,213MorrisonSupermk XS0945158821 BBB 06-20 105,115 1,213Sias XS1032529205 BBB 02-24 117,947 1,213Citigroup XS1068874970 BBB 05-24 109,874 1,213EliaSystem Oper BE0002432079 A 04-28 124,319 1,203PernodRicard FR0012173862 BBB 09-24 108,123 1,203IntesaSanpaolo XS1018032950 BBB 01-22 114,723 1,203Hera XS1084043451 BBB 07-24 110,129 1,201Vw IntnlFinance XS1167667283 A 01-30 105,670 1,203Bhp BillFin XS0834385923 A 09-27 123,543 1,193AtAndT Inc XS0903433513 A- 03-23 109,767 1,193Talanx DE000TLX2102 A 07-26 113,810 1,183Teliasonera XS0826189028 A 09-27 120,774 1,183NasdaqOmx XS0942100388 BBB 06-21 115,785 1,183VerizonComms XS1030900242 BBB 02-26 120,785 1,183TotlCptl Canada XS1111559925 AA 09-29 112,396 1,183CarlsbergBrews XS0854746343 BBB 11-22 110,431 1,173Bp CapitalMark XS1114473579 A 09-26 111,030 1,171DeutschePfbrfbk DE000A1X26E7 BBB 09-17 102,535 1,162IntesaSanpaolo XS0741977796 BBB 01-20 105,041 1,163IpicGmtn XS0860584308 AA 05-23 118,879 1,163Glencore XS0974877150 BBB 09-20 111,562 1,163FerrovDel St It XS1004118904 BBB 12-21 114,785 1,163StateGrid Europ XS1165754851 A 01-22 102,158 1,163Eandis BE0002470459 A 05-29 122,210 1,151Credit Agricole FR0011625482 A 12-23 116,468 1,153Anglo AmericaCa XS0789283792 BBB 06-19 106,357 1,151De Telekom Intl XS0875797515 BBB 01-28 124,697 1,151De Telekom Intl XS0875797515 BBB 01-28 124,697 1,151GoldmnSachs XS0882849507 BBB 02-23 115,440 1,153LeedsBuildgSty XS1050840724 A 04-21 108,406 1,153BkOf America XS1079726334 BBB 06-24 110,500 1,153Jpmorgan XS1174469137 A 01-25 103,155 1,151DeutAnn Fin DE000A1ZLUN1 BBB 07-22 106,772 1,143A2A XS1004874621 BBB 01-22 115,949 1,143EleniaFin XS1005068587 BBB 12-20 109,406 1,143Unicredit XS1014627571 BBB 01-21 111,596 1,143Credit Agri Lon XS1028421383 A 02-26 120,010 1,143MorganStanly XS1115208107 BBB 03-23 105,470 1,143FenosaFinance XS1170307414 BBB 01-25 102,076 1,143Edf FR0011991488 A 06-29 120,980 1,133JpmorganChase XS1034975406 A 02-26 118,932 1,133Credit Agri Lon XS0313102880 A 07-22 127,191 1,123Credit Agri Lon XS0315528850 A 08-22 127,429 1,123RoyalBank Scot XS1080952960 BBB 06-19 102,040 1,123Gm Financial XS1121198094 BB 10-19 103,246 1,123PhilipMorris XS1040105980 A 03-26 117,870 1,113SgspAu Assets XS1080343277 BBB 06-22 106,047 1,113Britis SkyBroad XS1141969912 BBB 11-23 106,159 1,111GoldmanSachs Us XS1173845436 BBB 07-22 101,800 1,113Accor FR0011731876 BBB 02-21 108,482 1,103Bacardi XS0947658208 BBB 07-23 112,826 1,103Snam XS1019326641 BBB 01-24 117,744 1,103Bp CapitalMark XS1040506898 A 02-26 119,021 1,103IntesaSanp XS1077772538 BBB 06-21 105,423 1,083IberdrolaInt XS1116408235 BBB 10-24 107,081 1,083Shell Intl Fin XS1135277140 AA 01-27 105,876 1,083Verbund XS1140300663 BBB 11-24 103,769 1,083LloydsBank XS1167204699 A 01-25 101,519 1,08

3Jab Hldgs DE000A1ZSAF4 BBB 11-21 102,688 1,072Edf FR0010961540 A 11-25 128,966 1,073Valeo FR0011689033 BBB 01-24 118,062 1,073CrhFinanc XS0909369489 BBB 04-23 115,496 1,073UnioneDi Banche XS1033018158 BBB 02-19 106,692 1,073Eni XS1180451657 A 02-26 104,279 1,073Casino FR0011052661 BBB 05-21 121,453 1,063Klepierre FR0012283653 A 11-24 106,137 1,063Heineken Nv XS0811555183 BBB 08-25 117,566 1,063Heineken Nv XS0811555183 BBB 08-25 117,566 1,063PhilipMorris XS0906815591 A 03-25 115,738 1,061K+S XS0997941355 BBB 12-21 119,410 1,061Bilfinger DE000A1R0TU2 BBB 12-19 105,915 1,053EnelFin XS0842659426 BBB 04-23 129,068 1,053Rio Tint Finance XS0863127279 A 12-24 116,589 1,053TlefonicaEmisns XS0874864860 BBB 01-23 121,677 1,053Eni XS0970852348 A 09-25 126,330 1,053GasNat FenFin XS1041934800 BBB 03-24 115,319 1,053Abertis ES0211845260 BBB 06-23 121,067 1,043Snam XS0829190585 BBB 09-22 129,811 1,043GreatWestLife XS0918600668 A 04-23 111,047 1,043VerizonComms XS1146282634 BBB 03-24 104,875 1,043BanqFed Credit XS1166201035 AA 01-25 101,870 1,041DeutAnn Fin DE000A1HRVD5 BBB 10-21 116,075 1,032Edf FR0010800540 A 09-24 131,947 1,032Teliasonera XS0545428285 A 10-25 127,892 1,033Basf XS0885399583 A 02-33 131,862 1,033TotalCaptl Int XS1048519679 AA 03-26 115,061 1,031SiemensFinancrg DE000A1UDWN5 A 03-28 122,210 1,021LanxessFinance XS0855167523 BBB 11-22 111,590 1,023Erdoel-Lager XS0905658349 AA 03-28 120,770 1,02

sterlina inglese1Eib XS0094675641 AAA 12-28 74,417 2,181LcrFinance Plc XS0094804126 AA 12-28 127,228 2,171Eib XS0415532273 AAA 06-29 128,715 2,113Johnson&Johnson XS0329524457 AAA 11-24 128,834 2,111Ebrd XS0091740018 AAA 12-28 141,250 2,091Eib XS0085727559 AAA 12-28 145,845 2,081Ge CapitalUk XS0463588052 A 11-20 120,072 1,981CdcIxis XS0107813452 AA 02-20 118,434 1,831Eib XS0110373569 AAA 04-25 133,146 1,824IntBus XS0996288717 AA 12-20 105,095 1,783NtwrkRail Infrt XS0210467873 AA 01-24 123,928 1,763Westpac Banking XS0458569927 AA 10-19 114,113 1,694Bp Cap Markets XS0604380724 A 12-18 109,209 1,674Shell Intl Fin XS1135277736 AA 12-19 101,719 1,601Eib XS0849420905 AAA 10-22 106,334 1,593Rolls-RoyceGp XS0426014899 A 04-19 120,043 1,543Scot SthrnEnrgy XS0454509455 A 10-18 111,504 1,523Vodafone Group XS0432619913 BBB 12-17 109,755 1,521Eib XS0091457027 AAA 06-21 122,273 1,521DaimlerIntl Fin XS0741965940 A 06-19 107,847 1,514NordeaBk XS0853680527 AA 11-19 102,699 1,503At&T XS0426513031 BBB 04-17 108,617 1,473British Telecom XS0306772939 BBB 06-17 110,910 1,441TotalCapital XS0578264870 AA 12-18 108,629 1,411BmwFinance XS0739933421 A 12-18 106,995 1,383BgEnergy Cap XS0431150654 A 12-17 109,603 1,353NtwrkRail Infrt XS0225051811 AA 07-20 116,513 1,33

datial 23.04.2015 codiceisin rating obbligazioneemittente prezzo rend.

scad. indic. effet.


scad. indic. effet.


quanto rendono i bond

1Eib XS1051861851 AAA 03-20 104,416 1,304NatlAust Bank XS0556914520 AA 11-17 105,719 1,301BankNederlands XS0809685158 AA 12-18 102,411 1,181Eib XS0881488430 AAA 02-19 101,245 1,151Ge CapitalUk XS0544837676 A 09-17 107,083 1,131Eib XS0160386875 AAA 10-18 112,370 1,091CouncilEurDev XS1028901673 AA 12-18 102,855 1,074Dexia CrLocal XS1087929730 AA 07-17 102,050 0,931Lkb BwForderbnk XS0914294623 AAA 12-17 99,855 0,921LandwRentenbank XS0893356120 AAA 12-17 100,223 0,914Nrif XS0878750248 AA 12-17 100,205 0,911Eib XS0434040167 AAA 12-17 108,260 0,911Eib XS0872706881 AAA 01-18 101,292 0,891Eib XS0055498413 AAA 08-17 118,058 0,871Ibrd XS0975541961 AAA 10-17 101,039 0,814BarclaysBk XS0768454844 AA 04-17 101,343 0,794LloydsTsb XS0778434000 AA 05-17 101,603 0,69

yen giapponese4Rabobank JP552816BCB7 A 11-17 101,324 0,244Nab JP503601AF15 AA 01-20 100,200 0,244Credit Suise JP575608AEC7 A 12-17 100,175 0,224NordeaBk JP575213BE54 AA 05-19 100,804 0,224Rabobank JP552816BC56 A 05-17 101,890 0,224Jpmorg Chas JP584005AC28 A 02-17 101,991 0,204Hsbc Hk JP534411AE60 AA 06-19 100,561 0,204Westpac Banking JP503604AE21 AA 02-19 100,674 0,204NordeaBank JP575213BC64 AA 06-17 102,126 0,194CommonwealthBa JP503621AE53 AA 05-19 100,851 0,194NatlAust Bank JP503601AE16 AA 01-19 100,983 0,194AnzBankingGrp JP503622AC13 AA 01-17 101,930 0,184Westpac Banking JP503604AC31 AA 03-17 101,912 0,174NatlAust Bank JP503601AC18 AA 01-17 101,968 0,164Ge Capital JP584112AE26 A 02-17 100,297 0,14

dollaro usa4Turkiye Halk Bk US900150AC70 BBB 06-19 99,984 4,754TurkTelekomun XS1028951264 BBB 06-24 101,000 4,731LeightonFinance USQ55038AA33 BBB 11-22 108,003 4,674Turkiye Halk Bk XS0882347072 BBB 02-20 96,730 4,644Brf USP1905CAE05 BBB 05-24 100,818 4,63

4Akbank XS1111101314 BBB 01-20 97,375 4,624Banco Do Brasil US05958AAJ79 BBB 10-22 95,333 4,624GrupoAvl USG42045AB32 BBB 09-22 100,817 4,614Cielo USP28610AA46 BBB 11-22 94,750 4,581Alcoa US013817AJ05 BB 02-27 111,875 4,584Akbank US00972BAA70 BBB 01-20 97,619 4,564Brf USP1905CAD22 BBB 05-23 96,035 4,544IsBank US900151AE10 BBB 04-19 103,485 4,534HuarongFin Ii XS1165659514 BBB 01-25 107,566 4,521NewcrestFinance USQ66511AA69 BBB 11-21 99,559 4,524OcpSa XS1061043011 BBB 04-24 108,120 4,514Turkiye Halk Bk US900150AB97 BBB 02-20 97,280 4,514Ocp US67091TAA34 BBB 04-24 108,107 4,514Chin TrvHldg Hk XS1125272143 BBB 11-24 108,763 4,484Transnet Soc XS0809571739 BBB 07-22 97,000 4,484Transnet Soc US89378TAC71 BBB 07-22 97,000 4,481Rio Tinto Aln US013716AU93 A 12-33 120,528 4,481Weyerhaeuser US962166BR41 BBB 03-32 134,168 4,471NwCngulrWrles US00209AAF30 BBB 03-31 148,354 4,464Cencosud USP2205JAH34 BBB 01-23 102,787 4,441VerizonComms US92343VBS25 BBB 09-33 124,444 4,441WestrnSouthFin USU95698AA16 A 07-33 116,278 4,431At&TMobility US17248RAJ59 BBB 12-31 131,613 4,424Telecom US87927YAA01 BB 05-24 106,563 4,411InvistaFinance USU4610AAA61 BB 10-19 99,427 4,394Iec IL0060001943 BBB 11-24 104,730 4,384YapiVe Kredi Bk XS0994815016 BBB 12-18 102,878 4,374Fresnillo USG371E2AA61 BBB 11-23 107,966 4,374YapiVe Kredi Bk US984848AD30 BBB 12-18 102,876 4,374TGaranti Banka US90014QAA58 BBB 10-19 101,514 4,374Mtn Group XS1128996425 BBB 11-24 102,980 4,364Turkiye CumhBnk XS1083936028 BBB 07-19 99,608 4,351Vodafone Grp US92857TAH05 BBB 02-30 138,050 4,354Turkiye CumhBnk US90014TAA97 BBB 07-19 99,605 4,353KmgFinance Sub US48667QAA31 BB 07-18 114,000 4,354Israel Electric US46507NAE04 BBB 06-23 117,151 4,351Fcx US35671DBH70 BBB 11-21 98,018 4,354IsBank XS0982644774 BBB 04-19 104,200 4,344Sasol Finac Intl US803865AA25 BBB 11-22 100,967 4,344Israel Electric US46507MAE21 BBB 06-23 117,174 4,34

fonte: Ufficio Studi su dati Thomson Reuters


scad. indic. effet.


scad. indic. effet.


bond bancari a cura di

IT0005094179 Veneto Bca 15-181% Step-Up Step-Up 1,00/2,00 165 29/04/2015 29/04/2018 Si B+ — 1,42 0,28IT0005094666 UbiBca 15-17 0.45% Fisso 0.45 250 30/04/2015 30/04/2017 No BBB- 120 0,45 0,21IT0005094690 UbiBca 15-17 0.70% Fisso 0.7 70 30/04/2015 31/10/2017 No BBB- 120 0,7 0,27IT0005094716 UbiBca 15-18 0.50% Step-Up Step-Up 0,50/0,60 200 30/04/2015 30/04/2018 No BBB- 120 0,55 0,28IT0005094724 UbiBca 15-18 0.80% (Tv) TassoMisto 0,8/Euribor6m+0,60 20 30/04/2015 30/04/2018 No BBB- 120 0,73 0,29IT0005094757 UbiBca 15-17 1.20% Fisso 1.2 2 30/04/2015 31/10/2017 No BBB- 120 1,2 0,27IT0005094914 UbiBca 15-19 0.60%(Tv) TassoMisto 0,60/Euribor6m+0,35 200 30/04/2015 30/04/2019 No BBB- 120 0,52 0,52IT0005104465 BcoPop 15-20 1.05%Step-Up Step-Up/Call 1,05/1,20 300 30/04/2015 30/04/2020 No BBB 159 1,1 0,69IT0005105751 Bnl15-18 1.20%(Tv) TassoMisto 1,2/Euribor3m/Cap 1,50% 25 30/04/2015 30/04/2018 Si A- 66 0,4 0,28IT0005105769 Bnl15-18 Tv Variabile Euribor3m+0,40 25 30/04/2015 30/04/2018 Si A- 66 0,42 0,34IT0005105777 Bnl15-20Tv Variabile Euribor3m+0,65 15 30/04/2015 30/04/2020 No A- 66 0,67 0,99IT0005084584 Veneto Bca 15-184% Fisso 4 150 04/05/2015 04/05/2018 Si B+ — 4,04 0,28IT0005091894 Mediobanca15-20 2.25% Usd Fisso 2.25 15 06/05/2015 06/05/2020 Si BBB- 129 2,25 —IT0005092330 Mediobanca15-20 Tv Usd Variabile Libor3m+0,70/Cap4%/Floor1,50% 15 06/05/2015 06/05/2020 Si BBB- 129 1,53 —IT0005093262 Intesa Sanpaolo15-20 Tv Variabile Euribor3m+0,30 100 06/05/2015 06/05/2020 Si BBB- 96 0,32 0,99IT0005104572 Mediobanca15-22 2%Step-Up Usd Step-Up 2,00/2,80 250 15/05/2015 15/05/2022 Si BBB- 129 2,33 —IT0005107203 BcoDesio 15-18 0.75%Step-Up Step-Up 0,75/1,10 15 18/05/2015 18/05/2018 Si BBB — 0,92 0,28IT0005094161 Veneto Bca 15-171.30% Fisso 1.3 160 25/05/2015 25/05/2017 Si B+ — 1,3 0,17

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% 102,02 0,80 1,10 1,0015IT0004821432 giu-16 3,55% 104,15 0,29 0,69 0,9965IT0004863608 ott-16 2,55% 103,23 0,82 1,14 1,0005IT0004917958 apr-17 2,25% 103,79 0,67 1,05 1,0005IT0004969207 nov-17 2,15% 105,01 0,44 1,08 0,9945IT0005012783 apr-20 1,65% 106,00 0,57 1,42 1,0004IT0005058919 ott-20 1,25% 104,77 0,50 1,40 1,0000IT0005105843 apr-23 0,50% 100,39 0,47 1,64 1,0007BTplegati all'inflazione europeaIT0004682107 set-16 2,10% 104,37 -0,32 0,80 1,05705IT0004085210 set-17 2,10% 107,14 -0,53 0,62 1,14758IT0004380546 set-19 2,35% 112,79 -0,43 0,90 1,09304IT0004604671 set-21 2,10% 114,79 -0,19 1,26 1,06976IT0004243512 set-23 2,60% 120,33 0,25 1,72 0,99229

IT0004735152 set-26 3,10% 131,59 0,20 1,89 1,04714IT0003745541 set-35 2,35% 135,63 0,38 2,26 1,18038IT0004545890 set-41 2,55% 138,88 0,75 2,71 1,07280BTpIT0004840788 lug-15 4,50% 100,99 -0,04 -7IT0004761950 set-16 4,75% 106,47 0,07 0IT0004867070 nov-17 3,50% 108,22 0,22 13IT0004489610 set-19 4,25% 116,10 0,50 35IT0004594930 set-20 4,00% 117,21 0,71 52IT0004695075 set-21 4,75% 123,49 0,93 72IT0004848831 nov-22 5,50% 131,15 1,16 93IT0004644735 mar-26 4,50% 130,02 1,50 112IT0003934657 feb-37 4,00% 131,16 2,20 168IT0004532559 set-40 5,00% 152,71 2,27 193

BTPREALI E NOMINALI A CONFRONTOtitolidistato inflationlinked a confronto coni piùtradizionali btp a tasso fisso.dati al23.04.2015isin 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.1 Rendimento a scadenza: Rendimento a scadenza: rendimento calcolatoconsiderando costante il livello del tassodi inflazione attuale,pari al -0,20% per l’Italia eallo-0,20% 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 2050 106,140 * 1,04 0,68 3,31 6,73 1,53 -0,11 2,21FR0010014845 Giepsatresor st-336% 19-09-2003 19-09-2033 1413 126,300 * 3,96 1,87 12,09 23,78 12,33 -1,54 9,58IT0005030967 Venetob01-08-17 4% 01-08-2014 01-08-2017 967 103,980 * 2,21 2,01 2,18 — 0,40 1,57 2,77XS0161100515 Telecomfinge-33 7.75% 24-01-2003 24-01-2033 967 146,160 * 4,05 2,00 11,39 21,73 6,51 -1,03 9,38IT0001200390 Comit17-02-28 zc BBB 17-02-1998 17-02-2028 945 74,545 2,32 0,63 12,83 25,55 4,23 -3,45 8,38IT0005075533 Alerion11-02-22 6% call 11-02-2015 11-02-2022 928 105,414 5,03 4,02 5,76 — — 2,65 7,42IT0005074577 Intek20-02-20 5%call 20-02-2015 20-02-2020 918 103,755 4,12 3,50 4,39 — — 2,42 5,82IT0004966823 B.Popolare18-11-20 5.5% subord 18-11-2013 18-11-2020 916 107,808 3,12 2,74 3,28 6,61 2,24 1,94 4,24IT0004842370 Ubi08-10-19 6%subord 08-10-2012 08-10-2019 868 107,484 2,80 2,58 2,33 5,33 1,09 1,78 3,22IT0004917842 Mediobancaap-23 5.75% subord BB 18-04-2013 18-04-2023 664 118,691 3,07 1,86 6,75 11,87 3,33 0,27 6,01IT0004645542 Mediobancanv-20 5%subord BB 15-11-2010 15-11-2020 607 113,046 2,46 1,69 4,95 8,88 3,11 0,44 4,40IT0004794142 Enel20-02-18 4.875% BBB 20-02-2012 20-02-2018 579 111,976 0,59 0,33 2,70 4,23 0,31 -0,26 1,45IT0004917867 Unicredit 15-07-20tf/su subord 15-05-2013 15-07-2020 545 106,170 * 2,55 2,23 3,03 6,95 2,38 1,49 3,54IT0004898273 Intesaspaolo10-04-19 su 10-04-2013 10-04-2019 507 110,280 * 1,29 0,84 3,77 6,50 0,49 -0,06 2,71IT0004780562 Unicredit 31-01-19tf/su subord 23-12-2011 31-01-2019 466 112,530 * 2,29 2,09 2,17 5,33 2,25 1,54 2,77IT0004941412 Unicredit 13-10-20 tf/susubord 13-08-2013 13-10-2020 460 104,900 * 2,52 2,16 3,28 5,38 2,07 1,35 3,64IT0004842685 B.Imi12-09-17 5% 12-09-2012 12-09-2017 428 108,970 * 1,16 0,95 2,26 3,70 0,46 0,50 1,78IT0004698426 Unicredit 31-03-18su subord 31-03-2011 31-03-2018 419 104,750 * 2,42 2,26 1,89 4,02 1,19 1,91 2,83IT0004871965 Intesaspaolo18-01-19 su 18-01-2013 18-01-2019 367 110,320 * 1,26 0,85 3,53 5,99 0,55 0,01 2,55IT0004849318 Intesaspaoloot-17 4.8% 05-10-2012 05-10-2017 365 109,050 * 1,04 0,82 2,32 4,00 0,65 0,34 1,68IT0004764004 Unicredit 31-10-18 susubord 31-10-2011 31-10-2018 352 107,960 * 2,46 2,29 1,93 4,41 1,97 1,61 2,67IT0004869985 Atlantia30-11-18 3.625% BBB 30-11-2012 30-11-2018 350 111,053 0,52 0,13 3,41 5,52 0,54 -0,69 1,74IT0004608797 Mediobancamg-204.5% BBB 14-05-2010 14-05-2020 327 115,762 1,26 0,60 4,51 9,46 1,71 -0,53 3,01IT0004982200 Unicredit 31-03-21 tf/su subord 31-01-2014 31-03-2021 323 104,410 * 2,38 1,93 3,77 8,72 1,26 1,01 3,78IT0000966017 Comit08-01-27 zc BBB 08-01-1997 08-01-2027 306 77,714 2,18 0,59 11,72 27,13 5,91 -3,08 7,64IT0004991961 Unicredit 28-12-17 su/tf 18-03-2014 28-12-2017 306 102,690 * 1,13 0,88 2,64 — 1,10 0,32 1,95IT0004964224 Unicredit 31-12-18tf/su 31-10-2013 31-12-2018 304 107,030 * 1,26 0,86 3,54 6,75 1,33 -0,02 2,53IT0001205589 Mc.Lombardo fb-28 zc 18-02-1998 18-02-2028 284 74,243 2,35 0,66 12,83 24,96 4,77 -3,40 8,44IT0004907850 Unicredit 30-06-20 tf/su subord 29-04-2013 30-06-2020 282 106,080 * 2,57 2,25 2,99 6,00 2,27 1,52 3,53IT0004783046 Mediobancadc-17 zc BBB 12-12-2011 12-12-2017 267 97,673 0,90 0,66 2,64 5,23 0,76 0,08 1,72IT0004781073 Bp.Vicenza28-12-18 8.5%subord 28-12-2011 28-12-2018 267 108,950 * 4,06 3,87 2,04 11,76 0,96 3,11 4,25IT0004723489 Ubi30-06-18 5.4% subord 30-06-2011 30-06-2018 265 104,538 2,61 2,48 1,61 3,26 0,77 1,64 2,47IT0004854094 Intesaspaolo05-11-17 4% 05-11-2012 05-11-2017 259 107,090 * 1,14 0,91 2,43 4,02 0,60 0,41 1,85IT0004852312 Deutschebank13-11-22 zc 13-11-2012 13-11-2022 252 91,580 * 1,17 0,03 7,56 12,31 1,85 -2,05 4,51IT0004908841 Intesaspaolo15-05-19 su 15-05-2013 15-05-2019 246 109,750 * 1,19 0,72 3,77 6,76 0,41 -0,24 2,56IT0004605074 Unicredit 31-05-20 susubord 31-05-2010 31-05-2020 245 106,640 * 2,53 2,23 2,88 6,50 2,52 1,52 3,43IT0004887896 Intesaspaolo08-02-19 su 08-02-2013 08-02-2019 236 108,340 * 1,30 0,88 3,62 6,14 0,42 — 2,62IT0004657471 Bp.Vicenza15-12-17 4.6% subord 15-12-2010 15-12-2017 235 101,590 * 3,56 3,44 1,59 4,56 -0,59 2,75 3,47IT0004727274 Intesaspaololg-17 4.1% 04-07-2011 04-07-2017 235 106,790 * 0,96 0,77 2,09 3,86 0,59 0,37 1,49IT0004826092 Unicredit 24-07-18 5.65% 24-07-2012 24-07-2018 232 114,600 * 1,05 0,72 2,97 6,08 1,95 0,03 2,04IT0001203253 Mc.Centrale fb-28 zc 10-02-1998 10-02-2028 231 73,777 2,40 0,71 12,81 24,21 4,32 -3,28 8,54XS0170343247 Enel12-06-184.75% 12-06-2003 12-06-2018 226 112,860 * 0,60 0,29 2,89 4,11 0,17 -0,39 1,54IT0004717333 Intesaspaolo31-05-17 su 31-05-2011 31-05-2017 219 106,470 * 1,16 0,98 1,99 3,25 0,47 0,61 1,63IT0005012403 Mps12-05-172% 12-05-2014 12-05-2017 217 99,820 * 2,10 1,93 2,00 — -0,02 1,57 2,58IT0004718489 Ubi16-06-18 5.5% subord 16-06-2011 16-06-2018 214 105,064 2,33 2,21 1,58 3,66 1,42 1,40 2,20IT0005009524 Tip14-04-20 4.75%call 14-04-2014 14-04-2020 205 107,839 3,02 2,38 4,56 7,66 1,73 1,28 4,85FR0011439975 Peugeot 06-03-187.375% 06-03-2013 06-03-2018 203 116,110 * 1,58 1,31 2,68 7,84 1,70 0,73 2,42IT0004645963 Ubi05-11-17 4.3% subord 05-11-2010 05-11-2017 198 103,496 1,96 1,85 1,48 3,59 1,12 1,29 1,95IT0004849300 Intesaspaoloot-17 4.8% 03-10-2012 03-10-2017 196 108,860 * 1,10 0,88 2,32 3,84 0,47 0,41 1,76IT0004615305 Unicredit 14-06-17 susubord 14-06-2010 14-06-2017 194 102,870 * 1,86 1,81 1,11 3,02 1,42 1,10 1,50FR0011567940 Peugeot 18-01-19 6.5% 18-09-2013 18-01-2019 191 116,620 * 1,85 1,44 3,42 9,12 1,12 0,63 3,06IT0004703952 Intesaspaolo03-05-17 su 03-05-2011 03-05-2017 191 106,350 * 1,06 0,89 1,92 3,32 0,41 0,55 1,50IT0001086658 S.Paoloimige-22 zc BBB 30-01-1997 30-01-2022 187 89,624 1,63 0,62 6,78 13,26 3,68 -1,21 4,57IT0005012536 Mps12-05-172.5% 12-05-2014 12-05-2017 186 100,160 * 2,43 2,26 1,99 — -0,02 1,90 2,90IT0005030959 Venetob01-08-18 su 01-08-2014 01-08-2018 180 100,970 * 2,31 1,98 3,16 — 0,21 1,21 3,38IT0004772676 Unicredit 16-11-17 zc 16-11-2011 16-11-2017 172 97,330 * 1,06 0,83 2,57 4,85 1,18 0,29 1,85IT0004997711 Venetob25-03-18 su 25-03-2014 25-03-2018 170 101,510 * 2,22 1,95 2,83 — -0,05 1,31 3,14IT0004760655 Eni11-10-17 4.875% A 11-10-2011 11-10-2017 154 111,038 0,37 0,15 2,34 3,12 0,56 -0,32 —IT0004870926 Credem28-12-18 4.7% subord 28-12-2012 28-12-2018 154 104,885 2,39 2,20 2,08 — 1,93 1,59 2,76FR0011233451 Peugeot 11-07-175.625% 11-04-2012 11-07-2017 153 109,450 * 1,26 1,07 2,07 5,99 1,07 0,68 1,78IT0004777121 Unicredit 30-11-17 5% 30-11-2011 30-11-2017 150 110,170 * 1,01 0,77 2,47 5,37 1,29 0,26 1,75IT0004866353 Intesaspaolo04-12-18 su 04-12-2012 04-12-2018 148 110,470 * 1,24 0,85 3,41 5,76 0,69 0,02 2,44IT0005012635 Mps12-05-172.6% 12-05-2014 12-05-2017 148 100,280 * 2,47 2,30 1,99 — 0,32 1,94 2,94

datial 22.04.2015 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

IT0004936545 B.Imi30-08-19 tf 30-08-2013 30-08-2019 141 108,919 1,36 0,84 4,07 7,69 1,15 -0,17 2,92IT0004883689 Unicredit 28-02-20 tf/susubord 31-12-2012 28-02-2020 140 105,080 * 2,40 2,13 2,74 6,47 2,32 1,45 3,22IT0004984198 Unicredit 31-07-17 2% 31-01-2014 31-07-2017 137 102,410 * 0,92 0,72 2,24 5,56 1,30 0,29 1,53IT0005021396 Venetob03-06-17 4% 03-06-2014 03-06-2017 137 103,760 * 2,17 1,99 2,02 — 0,10 1,60 2,65IT0004936289 Mittel12-07-196%call 12-07-2013 12-07-2019 136 107,190 4,16 3,66 3,75 4,85 0,91 2,69 5,47IT0004806730 Unicredit 20-04-18su 20-04-2012 20-04-2018 135 110,740 * 1,18 0,90 2,87 5,94 1,31 0,25 2,11XS0182242247 Finmeccanicadc-185.75% 12-12-2003 12-12-2018 134 115,400 * 1,37 0,98 3,35 7,59 0,56 0,19 2,56IT0004771710 Mps30-11-17 su 30-11-2011 30-11-2017 131 107,631 2,83 2,59 2,45 4,40 -0,29 2,06 3,53IT0004965791 Intesaspaolonv-17 2.6% 15-11-2013 15-11-2017 124 103,680 * 1,13 0,90 2,49 4,28 0,57 0,38 1,88IT0005004855 Unicredit 23-12-17su/tf 23-04-2014 23-12-2017 122 101,820 * 1,10 0,85 2,64 — 1,13 0,28 1,92IT0004957020 B.Imi31-10-19 tf 31-10-2013 31-10-2019 119 109,073 1,37 0,81 4,24 7,40 1,09 -0,27 2,99IT0004763782 Unicredit 31-10-17 zc 31-10-2011 31-10-2017 115 97,450 * 1,03 0,80 2,52 4,53 0,97 0,28 1,80IT0004747330 Unicredit 19-08-18su subord 19-08-2011 19-08-2018 109 105,200 * 2,44 2,30 1,74 4,19 1,35 1,52 2,45IT0005023095 Mps16-06-18 2.6% 16-06-2014 16-06-2018 107 100,230 * 2,53 2,22 3,02 — 0,28 1,50 3,53IT0004825029 Unicredit 24-08-18 5.65% 24-08-2012 24-08-2018 106 114,559 1,17 0,83 3,05 5,69 1,05 0,10 2,18XS0768457433 Palladium 15-05-19zc 15-05-2012 15-05-2019 106 93,270 * 1,73 1,26 4,06 8,91 1,43 0,22 3,28IT0005082216 Mps16-02-19 2% 16-02-2015 16-02-2019 104 99,800 * 2,06 1,63 3,69 — — 0,71 3,41XS0868102392 Palladium 14-12-18 zc 15-03-2013 14-12-2018 103 94,000 * 1,71 1,31 3,64 9,75 2,27 0,42 3,06IT0005021131 Mps30-06-17 2% 30-06-2014 30-06-2017 99 100,070 * 1,97 1,78 2,14 — 0,34 1,39 2,54IT0004828171 Deutschebankst-22 zc 06-09-2012 06-09-2022 95 91,680 * 1,18 0,07 7,38 11,61 1,82 -1,91 4,46IT0004841273 Intesaspaoloag-17 5.15% 01-08-2012 01-08-2017 94 108,900 * 1,15 0,95 2,14 3,41 0,54 0,54 1,71IT0005042368 Bp.Vicenzaag-192.25% 22-08-2014 22-08-2019 87 99,730 * 2,31 1,79 4,12 — -0,11 0,75 3,88IT0005056186 Venetob18-11-174% 18-11-2014 18-11-2017 87 104,440 * 2,21 1,98 2,44 — — 1,44 2,90IT0006719469 Rbs26-05-17su 26-05-2011 26-05-2017 81 108,898 0,99 0,81 1,96 3,46 0,57 0,45 1,45XS0584356942 Bankamericage-26 5.25% call 31-01-2011 31-01-2026 79 121,255 2,91 1,40 8,66 13,66 2,63 -0,82 6,86IT0004803182 Bp.Vicenzamz-185% 15-03-2012 15-03-2018 79 106,580 * 2,60 2,33 2,76 4,78 -0,81 1,73 3,49IT0004842701 B.Imi11-09-17 5% 11-09-2012 11-09-2017 78 108,970 * 1,16 0,95 2,25 3,68 0,53 0,49 1,77IT0005085185 Mps23-02-18 1.9% 23-02-2015 23-02-2018 78 99,790 * 1,98 1,72 2,77 — — 1,10 2,87IT0004750268 Intesaspaolost-17 5.4% 12-09-2011 12-09-2017 77 109,910 * 1,16 0,95 2,25 3,55 0,50 0,50 1,77IT0004812142 Unicredit 09-05-174% 09-05-2012 09-05-2017 76 105,800 * 1,11 0,94 1,93 3,85 0,74 0,59 1,56IT0004918444 Bp.Vicenza16-05-23 sucall 16-05-2013 16-05-2023 73 100,260 * 4,39 3,17 6,71 0,70 0,10 1,44 7,19IT0004691355 Bp.Vicenzamz-21 5% 31-03-2011 31-03-2021 72 112,140 * 2,75 1,90 5,31 13,08 3,01 0,63 4,94XS0557640421 Citigroup21-12-18su 21-12-2010 21-12-2018 72 110,960 * 0,92 0,52 3,47 5,96 1,47 -0,32 2,15IT0005039349 Mps15-09-17 1.35% 15-09-2014 15-09-2017 70 97,960 * 2,24 2,03 2,36 — -0,73 1,55 2,92IT0005027955 Bim01-07-17 2.5% 01-07-2014 01-07-2017 69 100,870 * 2,09 1,90 2,13 — 0,32 1,50 2,65DE000DB7XJJ2 Deutschebankfb-25 2.75%subord 17-02-2015 17-02-2025 68 101,230 * 2,60 1,17 8,71 — — -1,15 6,58IT0004737489 Credem30-06-17 4.5% subord 30-06-2011 30-06-2017 67 103,235 1,72 1,66 1,16 — 1,70 1,03 1,47

datial 22.04.2015 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 85 103,41 0,68 -1,44 -2,88 4,61 54,0 95,7AIRFRANCE-KLM 15/02/20232.03 2,030 10,300 1,000 27 11,55 8,10 +1,79 +4,13 0,49 8,1 44,5CAPGEMINISOGET 01/01/20190 — 67,130 1,000 -14 89,68 78,37 +1,11 +1,66 -7,56 78,4 15,1CHESAPEAKEEN. 15/05/2037 2.5 2,500 47,765 20,936 227 97,00 14,59 +0,13 -5,33 4,04 30,5 217,6CHL6CV 30/06/18 6,000 — — — 101,00 0,05 -0,80 -0,80 5,63 — —Comp.della Ruota CV 15/07/2019 6,500 1,100 90,909 36 100,48 0,81 -1,00 +0,75 6,46 73,7 36,3Digitouch 6%CV 2015-2020 6,000 3,000 1000,000 19 105,00 2,52 -0,48 +0,88 4,93 84,0 26,9Energy Lab 7CV 20/05/2019 7,000 2,128 47,000 17 104,00 1,83 -1,19 -1,30 5,86 85,8 22,6Enertronica7.5CV 30/12/2016 7,500 6,000 900,000 73 100,01 3,47 -2,84 -3,67 7,62 57,8 77,5Eukedos11/16 3,000 1,400 0,857 35 100,01 1,04 -0,09 -1,70 2,99 74,3 35,0FAURECIA01/01/2018 3.25 3,250 19,287 1,010 -57 44,88 44,51 +2,48 +2,23 -24,73 45,0 0,4FONCIEREREGIONS 01/04/190.875 0,875 81,471 1,040 -11 106,24 91,86 -2,13 -4,09 -4,89 95,5 12,1FrendyEnergy 13/18 — — — — 79,00 1,12 -3,71 +0,36 6,62 — —HIReal8% CV 31/12/2019 8,000 0,160 6250,000 371 97,10 0,03 +0,10 -0,29 8,95 21,3 362,1MicrosporeCV 22/12/18 7,500 — — — 70,09 2,23 -17,76 +0,90 21,86 — —Modell.Brambilla 7% CV 12/05/19 7,000 3,030 33,000 -10 100,81 3,38 — +1,87 6,77 111,5 -9,6NEWMONTMINING 15/07/17 1.625 1,625 43,606 22,933 90 103,40 23,01 -0,34 -2,13 0,09 52,8 96,0NEXANSSA 01/01/20192.5 2,500 64,658 1,125 102 76,15 32,00 +0,50 -2,28 1,41 36,0 113,6ORPEA01/01/2020 1.75 1,750 45,160 1,031 -24 67,16 59,16 +0,85 +0,99 -6,16 61,0 11,1PEUGEOTSA 01/01/2016 4.45 4,450 15,987 1,570 -6 29,36 16,96 +1,54 +3,10 -16,26 26,6 11,0Sias06/17 2,625 10,500 1,000 1 110,00 10,35 -1,51 +2,58 -1,84 98,6 12,6SUEZENVIRON 27/02/20200 — 18,370 1,000 4 22,29 17,70 +2,09 +3,33 -3,92 17,7 27,3TE Wind13/18 6,000 1,613 62,000 92 103,11 0,84 -0,28 +0,36 4,99 52,1 101,3TECHNIP01/01/2016 0.5 0,500 83,100 1,000 29 83,50 64,64 +0,12 +0,51 -0,03 64,6 29,8TESLAMOTORS INC01/03/21 1.25 1,250 359,868 2,779 64 91,00 219,86 +3,16 +6,62 2,94 61,1 48,9ValoreItalia 2.5% CV 2014-2019 2,500 0,06018750,000 153 100,00 0,02 — -5,20 2,52 39,5 153,2(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 IIXS0324964666 Lloyds 5,374 30/06/2021 EUR — BB+ BBB+ 117,00 — 2,379 100XS0743689993 Nordea Bank 4,625 15/02/2022 EUR NR A- A+ 107,12 0,644 2,700 15.02.2017 5YRMid Swap+315BP 100XS0849517650 Unicredit 6,950 31/10/2022 EUR Ba2 BB BBB 123,11 — 3,190 100XS1036494638 Swedbank 2,375 26/02/2024 EUR Baa2 BBB+ A 103,87 1,332 2,240 26.02.2019 5YRMid Swap+237,5BP 100DE000DB7XJJ2 DeutscheBank 2,750 17/02/2025 EUR Ba1 BBB- A- 101,95 — 2,520 1XS1190632999 BnpParibas 2,375 17/02/2025 EUR Baa2 BBB A 101,74 — 2,175 100XS1222597905 IntesaSanpaolo 2,855 23/04/2025 EUR Ba1 BB BBB 99,61 — 2,900 100XS0986063864 Unicredit 5,750 28/10/2025 EUR Ba2 BB BBB 112,24 3,279 3,950 28.10.2020 5YRMid Swap+410BP 100DE000A1RE1Q3 Allianz 5,625 17/10/2042 EUR A2 A+ A 125,82 1,887 4,260 17.10.2022 3MEuribor+500BP 100XS1061711575 Aegon 4,000 25/04/2044 EUR Baa1 BBB BBB 111,50 2,550 3,559 25.04.2024 3MEuribor+335 BP 100TIERIXS0542298012 Rwe 4,625 Perpetual EUR Baa3 BBB- BBB- 101,40 1,256 3,290 28.09.2015 5YRMid Swap+265BP 1XS0234434222 Henkel 5,375 Perpetual EUR Baa1 BBB BBB+ 102,85 0,440 3,520 25.11.2015 3MEuribor+285BP 1XS0253627136 SwissReinsurance 5,252 Perpetual EUR A3 A A- 104,53 1,030 2,750 25.05.2016 6MEuribor+209 BP 50XS0254808214 Solvay 6,375 Perpetual EUR Ba1 BBB- BBB- 105,00 1,730 4,010 02.06.2016 3MEuribor+335 BP 1XS0256975458 Generali 5,317 Perpetual EUR Ba1 NR BBB- 103,38 2,270 2,820 16.06.2016 3MEuribor+210 BP 50XS0260057285 Axa 5,777 Perpetual EUR Baa1 BBB- BBB 105,85 0,818 3,150 06.07.2016 3MEuribor+250BP 50XS0674277933 EnBW 7,375 Perpetual EUR Baa2 BBB- BBB 110,74 1,675 5,670 02.04.2017 5YRMid Swap+540.1BP 1XS0484213268 Tennet 6,655 Perpetual EUR Baa3 BBB — 110,38 1,581 4,122 01.06.2017 5YRMid Swap+360BP 50XS0470937243 Unicredit 8,125 Perpetual EUR B1 B+ — 119,13 3,565 6,530 29.12.2019 3MEuribor+665BP 50XS1048428012 Volkswagen 3,750 Perpetual EUR Baa1 BBB+ BBB+ 108,38 2,220 3,110 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 — — — — —AcomeAItalia A1 mmmmm 2,51 11,81 — 27,08 6,24AcomeAItalia A2 mmmmm 2,61 12,89 — 28,19 —AcomeAItalia Q2 mmmmm — — — — —AllianzAz. Ita.All Stars mmmmm 0,61 10,73 10,33 21,35 6,66AnimaGeo Italia A mmmmm 1,19 12,53 11,65 22,06 7,15AnimaGeo Italia Y mmmmm 1,32 14,24 11,65 23,89 8,72AnimaIniziativa ItaPMI mmmmm 3,51 — — — —ANM Anima ItaliaA mmmmm 1,25 12,61 11,65 21,90 5,64ANM Anima ItaliaF mmmmm 1,33 13,59 11,65 — —ArcaAzioni Italia mmmmm 0,80 11,35 11,27 21,63 6,26ArcaEco. Reale Eq. It I mmmmm — — — — —ArcaEco. Reale Eq. ItP mmmmm — — — — —Bnl Azioni Italia mmmmm 2,22 9,14 10,58 18,18 3,71EurizonAz.Italia mmmmm 0,85 10,54 11,20 20,82 5,53EurizonAz.PMIItalia mmmmm 2,60 11,06 12,07 26,61 7,37Euromob.Azioni Italiane mmmmm 0,58 14,17 11,15 20,44 6,08Fideuram Italia mmmmm 1,50 15,18 11,13 27,01 9,44FonderselP.M.I. mmmmm 1,70 13,89 11,88 29,65 10,64Fonditalia Eq. ItalyR mmmmm 1,25 13,00 — 24,38 7,93Fonditalia Eq. ItalyT mmmmm 1,30 13,73 — 25,18 8,62Fonditalia Equity ItalyClasse Z mmmmm 1,35 14,78 — — —GestnordAz.Italia A mmmmm 1,30 12,13 11,65 22,38 7,51GestnordAz.Italia CY mmmmm 1,49 13,15 11,65 — —Interf.Equity Italy mmmmm 1,25 13,43 — 24,10 7,68PioneerAz. Crescita A mmmmm 0,72 8,62 12,62 18,46 4,10PioneerAz. Crescita B mmmmm 0,70 8,33 — — —Symp. Selez. Italia mmmmm 1,10 6,44 6,45 20,79 5,39SynergiaAz.Sm.CapIt. mmmmm 3,98 13,21 13,21 24,83 8,17UBIPra. Azioni Italia mmmmm 0,45 16,45 11,59 22,70 7,15ZenitMc Pianeta ItCl.I mmmmm 2,19 3,07 — 21,68 8,30ZenitMc Pianeta ItCl.R mmmmm 2,13 2,10 8,07 20,56 7,35comit 1,83 9,55 — 17,91 2,24

area euro — — — — —8a+Eiger mmmmm 1,47 17,56 — 18,30 9,01Agora Equity mmmmm 3,18 12,27 22,27 13,08 2,02Alto Azionario mmmmm 0,55 12,06 — 14,54 4,17BancoPosta Azion. Euro mmmmm 0,67 19,90 — 21,48 10,43EpsilonQEquity mmmmm 1,07 21,70 22,13 19,94 8,50EurizonAz.AreaEuro mmmmm 0,57 19,67 21,55 18,12 6,39Symp. Azionario Euro mmmmm 0,54 17,85 17,85 21,84 7,00UBIPra. Azionario EticoE mmmmm -0,15 21,38 22,00 19,65 7,15UBIPra. Azioni Euro mmmmm -0,26 22,68 20,98 20,88 9,81msci euro 0,51 22,90 — 21,49 9,65

europa — — — — —AcomeAEuropa A1 mmmmm 2,93 17,73 — 24,27 8,09AcomeAEuropa A2 mmmmm 3,01 18,79 — 25,27 —AcomeAEuropa Q2 mmmmm — — — — —AllianzAzioniEuropa mmmmm 2,57 25,90 24,66 17,73 12,11AllianzMultiEuropa# mmmmm 1,56 20,84 23,27 15,86 7,49AmundiAzionario Europa# mmmmm 1,71 22,55 25,48 16,31 9,13AnimaGeo Euro Pmi A mmmmm 2,20 20,04 24,59 20,88 13,38AnimaGeo Euro Pmi Y mmmmm 2,33 21,85 24,59 22,69 15,03AnimaGeo Europa A mmmmm 0,77 23,50 24,65 17,85 10,94AnimaGeo Europa Y mmmmm 0,91 25,38 24,65 19,62 12,55ANM Anima EuropaA mmmmm 0,86 22,98 24,65 18,22 9,53ANM Anima EuropaF mmmmm 0,92 24,05 24,65 — —ANM Anima IniziativaEu A mmmmm 2,30 21,12 24,59 21,39 11,25ANM Anima IniziativaEu F mmmmm 2,38 22,52 24,59 — —ArcaAzioniEuropa mmmmm 2,17 23,48 24,63 17,65 9,71Bnl AzioniEuropa Div mmmmm 1,89 19,27 23,28 14,12 8,49ConsultinvestAzione A1 mmmmm -0,02 14,73 — — —ConsultinvestAzione A2 mmmmm 0,10 15,51 — 13,82 5,98ConsultinvestAzione IY mmmmm 0,03 15,88 — — —

EpsilonQValue mmmmm 1,55 26,18 26,43 19,27 10,91EurizonAz.Europa mmmmm 1,09 21,28 24,63 16,80 8,08EurizonAz.PMIEuropa mmmmm 2,45 19,78 21,52 17,92 10,56FMS- Equity Europe# mmmmm 1,59 22,76 24,29 17,87 10,59FonderselEuropa mmmmm 1,82 25,62 26,02 17,81 9,84Fonditalia Eq.EuropeR mmmmm 2,28 16,96 — 18,15 8,71Fonditalia Eq.EuropeT mmmmm 2,34 17,71 — 18,90 9,39GestnordAz.Europa A mmmmm 1,58 21,57 25,03 18,25 9,81GestnordAz.Europa CY mmmmm 1,65 22,61 25,03 — —Interf.Equity Europe mmmmm 1,68 13,39 — 14,16 8,84InvestitoriEuropa mmmmm 1,00 18,45 21,96 15,59 7,83MalatestaAzionario Eu mmmmm 1,09 22,59 26,02 17,70 8,77PioneerAz ValEu Dis A mmmmm 1,27 23,52 26,02 17,72 10,35PioneerAz ValEu Dis B mmmmm 1,25 23,80 — — —PioneerAz. EuropaA mmmmm 1,92 26,79 26,02 15,76 8,20PioneerAz. EuropaB mmmmm 2,16 27,23 — — —RasLux Equity Europe mmmmm — — — — —UBIPra. Az. Europa mmmmm 0,34 23,59 25,02 16,82 8,70msci europe 1,55 25,97 — 19,46 11,68

america — — — — —AcomeAAmerica A1 mmmmm 1,73 23,84 — 16,45 10,68AcomeAAmerica A2 mmmmm 1,80 24,70 — 17,46 —AcomeAAmerica Q2 mmmmm — — — — —AllianzAzioniAmerica mmmmm 0,42 39,24 44,24 17,83 12,41Alto AmericaAz. mmmmm -0,26 38,50 — 19,72 13,74AnimaGeo America A mmmmm 0,55 41,58 44,55 20,95 n.s.AnimaGeo America Y mmmmm 0,70 43,77 44,55 22,74 n.s.ANM Anima AmericaA mmmmm 0,54 41,88 44,55 21,03 15,76ANM Anima AmericaF mmmmm 0,62 43,32 44,55 — —ArcaAzioniAmerica mmmmm 0,32 40,82 43,17 20,85 14,99BnlAzioniAmerica mmmmm 0,11 48,57 53,33 21,16 16,59EurizonAz.America mmmmm -0,15 43,54 44,57 22,82 15,36EurizonAz.PMIAmer. mmmmm 0,56 38,40 42,43 23,68 15,84FMS- Equity Usa# mmmmm -0,06 45,45 45,71 21,88 15,64Fondit.Eq.Usa BlueCh R mmmmm 0,13 39,90 — 20,13 12,59Fondit.Eq.Usa BlueCh T mmmmm 0,19 40,81 — 20,90 13,31GestnordAz.AmericaA mmmmm -0,30 39,03 45,05 20,16 13,55GestnordAz.AmericaCY mmmmm -0,18 40,24 45,05 — —Interf.Eq. USAH mmmmm 0,21 13,48 — 15,31 11,32Interf.Eq.USA mmmmm 0,75 46,60 — 24,15 17,59Interf.Equity Usa Adv mmmmm -0,39 50,90 — 23,61 13,51InvestitoriAmerica mmmmm 0,11 38,01 38,97 19,88 15,00PioneerAz. Am. A mmmmm 0,35 44,89 45,82 21,94 15,56PioneerAz. Am. B mmmmm 0,17 44,65 — — —Symp. Azionario Usa mmmmm 0,12 24,59 24,59 20,96 12,56UBIPra. Azioni Usa mmmmm 0,80 39,75 45,03 21,00 14,48msci northamerica 0,47 45,00 — 24,06 17,69

pacifico — — — — —AcomeAAsia Pac. A2 mmmmm 5,77 39,84 — 20,82 —AcomeAAsia Pac. Q2 mmmmm — — — — —AcomeAAsia Pacifico A1 mmmmm 5,68 38,84 — 19,78 9,80AllianzAzioniPacifico mmmmm 5,30 40,93 43,77 14,91 8,40Alto PacificoAz. mmmmm 3,00 39,35 — 14,70 7,10AnimaGeo Asia A# mmmmm 4,83 39,92 43,76 14,47 7,96AnimaGeo Asia Y# mmmmm 4,97 42,06 43,76 16,19 9,54ANM Anima PacificoA mmmmm 4,87 41,12 43,76 15,39 9,33ANM Anima PacificoF mmmmm 4,91 42,58 43,76 — —ArcaAzioniFar East mmmmm 5,60 41,78 43,15 15,05 9,04EurizonAz.Asia Nuove Eco. mmmmm 8,80 45,78 46,13 14,03 8,85EurizonAz.Pacifico mmmmm 5,69 43,25 43,55 15,02 7,96FMS- Equity Asia# mmmmm 2,73 41,72 43,30 16,58 8,66FonderselOriente# mmmmm 5,57 39,72 41,32 11,43 8,26FonditEq Pacifex JapanR mmmmm 5,99 29,16 — 11,55 5,39FonditEq Pacifex JapanT mmmmm 6,07 30,01 — 12,28 6,06Fonditalia Eq.JapanR mmmmm 3,42 47,95 — 17,20 8,61

datial 21.04.2015 ratingcfs var.% var.% var.% rend. rend.fondo a a 1anno 3 5

1mese 1anno bench. anni anni




fondi comuni a confronto

Fonditalia Eq.JapanT mmmmm 3,48 48,89 — 17,96 9,30GestnordAz.Pacifico A mmmmm 4,63 40,15 43,75 14,15 8,25GestnordAz.Pacifico CY mmmmm 4,72 41,40 43,75 — —Interf.Eq. JapanH mmmmm 2,38 34,15 — 22,65 9,51Interf.Eq. Pacif. exJapan mmmmm 2,59 25,26 — 12,35 7,31Interf.Eq. Pacif. exJapan H mmmmm 1,83 9,83 — 10,00 3,48Interf.Equity Japan mmmmm 3,40 48,17 — 16,69 8,94InvestitoriFar East mmmmm 3,24 36,35 36,90 15,24 8,08PioneerAz. Area PacifA mmmmm 5,43 38,51 46,46 12,96 4,80PioneerAz. Area PacifB mmmmm 5,41 38,14 — — —UBIPra. Azioni Pacifico mmmmm 5,19 44,57 43,54 16,69 10,82msci pacific free 3,19 43,97 — 18,66 11,30

paesiemergenti — — — — —AcomeAPaesi Em. A1 mmmmm 13,29 19,73 — 8,44 5,28AcomeAPaesi Em. A2 mmmmm 13,40 21,07 — 9,51 —AcomeAPaesi Em. Q2 mmmmm — — — — —AllianzAzPaesi Emer mmmmm 6,11 38,52 34,27 11,15 7,45AnimaGeo PaesiEm. A# mmmmm 7,62 28,52 34,26 6,44 3,21AnimaGeo PaesiEm. Y# mmmmm 7,76 30,46 34,26 8,04 4,71ANM Anima EmergentiA mmmmm 7,63 29,35 34,26 6,72 5,34ANM Anima EmergentiF mmmmm 7,72 30,74 34,26 — —ArcaAzioniPaesi Emerg. mmmmm 7,46 33,67 34,24 8,28 5,00Bnl AzioniEmerg. mmmmm 6,12 30,87 36,24 5,87 4,03EurizonAz.PaesiEmer mmmmm 8,49 33,55 34,26 7,96 4,00FMS- Equity GlEm Mkt# mmmmm 6,15 32,50 35,89 8,15 5,06FMS- Equity NewWorld# mmmmm 6,08 47,24 46,90 12,80 6,50FonditEq Glb EmMkt R mmmmm 7,85 30,94 — 9,09 6,01FonditEq Glb EmMkt T mmmmm 7,93 31,94 — 9,91 6,76GestnordAz.PaesiEm A mmmmm 6,56 33,61 34,25 8,05 4,65GestnordAz.PaesiEm CY mmmmm 6,66 34,60 34,25 — —Interf.Eq. GlbEm Mkt mmmmm 7,89 31,63 — 9,38 3,34PioneerAz. PaesiEm. A mmmmm 8,72 35,57 36,27 8,67 4,54PioneerAz. PaesiEm. B mmmmm 8,80 35,81 — — —Symp. MultEmerFle# mmmmm 4,14 22,66 — 5,54 3,79UBIPra. Az. Merc. Emerg. mmmmm 8,68 35,06 34,26 8,76 6,60msci emerging markets f. 8,23 35,74 — 10,57 7,42

paese — — — — —FoiEqBrazil R mmmmm 11,31 -5,04 — -9,98 —FoiEqBrazil T mmmmm 11,38 -4,31 — -9,36 —FoiEqChina R mmmmm 19,02 71,04 — 19,04 —FoiEqChina T mmmmm 19,10 72,33 — 19,81 —FoiEqIndia R mmmmm -2,28 52,07 — 16,65 —FoiEqIndia T mmmmm -2,25 52,98 — 17,38 —msci world 1,12 39,59 — 22,07 15,04

internazionali — — — — —AcomeAGlobale A1 mmmmm 3,20 19,81 — 18,43 8,79AcomeAGlobale A2 mmmmm 3,29 21,01 — 19,56 —AcomeAGlobale Q2 mmmmm — — — — —AllianzMulti90# mmmmm 1,32 32,68 35,58 16,46 10,25Alto InternazionaleAz. mmmmm 0,39 18,34 — 10,68 6,80AnimaGeo Globale A mmmmm 2,04 34,95 37,84 21,71 13,62AnimaGeo Globale Y mmmmm 2,18 37,00 37,84 23,54 15,28ANM Anima ValoreGlob. A mmmmm 1,89 36,00 37,84 22,51 13,22ANM Anima ValoreGlob. F mmmmm 1,99 37,10 37,84 — —ArcaAz. Internazionali mmmmm 1,71 36,14 37,44 19,22 12,56BancoPostaAz. Internaz. mmmmm 2,28 35,22 — 19,38 13,40Capital Italia mmmmm 1,64 36,18 — 19,30 12,40ConsultinvestGlobal A1 mmmmm 2,74 28,67 — — —ConsultinvestGlobal A2 mmmmm 2,55 29,23 — 15,66 7,88ConsultinvestGlobal IY mmmmm 2,69 29,59 — — —EticaAzionario IEY mmmmm 1,15 38,08 35,60 24,03 —EticaazionarioE mmmmm 1,06 36,88 35,60 23,00 13,37EurizonAz.Internazionali mmmmm 0,75 38,00 37,83 21,01 12,12Euromob.Az. Internaz. mmmmm 1,44 24,34 — 13,80 7,98

Fonditalia GlobalR mmmmm 0,86 20,10 — 13,87 9,30Fonditalia GlobalT mmmmm 0,91 20,88 — 14,61 10,00GestnordAzTrend Set mmmmm 0,23 31,23 37,83 16,63 10,61PioneerCIM GlobalEquity mmmmm 1,39 38,68 — 20,10 12,57SoprarnoEsse StockA mmmmm 0,67 21,14 32,78 21,36 13,89SoprarnoEsse StockBY mmmmm 0,72 21,14 — 21,85 14,43Star CollAz.Inter.A# mmmmm 2,37 31,59 34,19 — —Star CollAz.Inter.CY# mmmmm 2,47 32,81 34,19 — —Talento GlobalEquity# mmmmm 1,67 34,73 40,12 17,21 n.s.UBIPra. Azioni Globali mmmmm 1,27 39,03 37,83 20,75 13,67ZenitMc MegatrendCl.I mmmmm 2,38 16,65 — — —ZenitMc MegatrendCl.R mmmmm 2,28 15,03 12,66 12,40 4,34msci world 1,12 39,59 — 22,07 15,04

energia-materieprime — — — — —EurizonAz.EnMatPrime mmmmm 3,52 12,60 16,26 8,06 4,00msci 50%energy&50%materials 3,85 17,03 — 9,52 7,15

salute — — — — —EurizonAzioniSalute mmmmm -0,46 56,78 60,47 29,92 18,45msci health care 0,54 62,94 — 33,93 23,98

finanza — — — — —EurizonAz.Finanza mmmmm 0,76 32,40 34,23 21,03 9,00Fonditalia Eu Financials R mmmmm -0,22 13,87 — 23,48 3,78Fonditalia Eu Financials T mmmmm -0,15 14,73 — 24,40 4,55msci financials 0,68 36,12 — 23,51 11,57

informatica — — — — —EurizonAz.Tecn.Avanz mmmmm 0,06 45,50 48,82 19,41 12,84msci inform.technology -0,08 53,85 — 23,16 16,95

altrisettori — — — — —FMS- Eq.Glob.Resources# mmmmm 5,81 2,24 5,86 -0,02 -0,65Fonditalia Eu Cyclicals R mmmmm 1,25 15,90 — 15,79 9,03Fonditalia Eu Cyclicals T mmmmm 1,32 16,78 — 16,65 9,83Fonditalia Eu Defensive R mmmmm 2,20 15,57 — 17,18 7,47Fonditalia Eu Defensive T mmmmm 2,27 16,44 — 18,05 8,25Fonditalia FlexEm. MktsT mmmmm 2,27 4,35 — 3,48 2,58Fonditalia FlexEm.Mkts R mmmmm 2,24 3,80 — 2,90 2,04Fonditalia GlobIncome R mmmmm 0,67 12,53 — 7,30 0,19Fonditalia GlobIncome T mmmmm 0,69 13,04 — 7,89 0,80Inter.Int.Sec.NewEc mmmmm 0,16 53,09 — 25,66 18,06msci world 1,12 39,59 — 22,07 15,04

altrespecializzazioni — — — — —EurizonAz.Int. EticoE mmmmm 0,97 38,63 38,36 21,51 11,81FonditEq.Gl.High Div. S mmmmm 1,46 25,45 — — —msci world 1,12 39,59 — 22,07 15,04

bilanciatibil.azionari — — — — —AnimaForza 5 A# mmmmm 0,86 25,90 28,59 13,69 9,00AnimaForza 5 B# mmmmm 0,86 25,87 28,59 13,65 8,97AnimaForza 5 Y# mmmmm 0,94 27,03 28,59 14,69 9,94ANM Anima Cap.Più70 F# mmmmm 1,21 27,71 29,95 n.s. n.s.ANM Anima Cap.Più70 N# mmmmm 1,11 25,89 29,95 n.s. n.s.ANM Anima CapiPiù 70 A# mmmmm 1,11 26,01 29,95 n.s. n.s.Fonditalia Core3 R mmmmm 1,20 17,92 — 10,97 5,75Fonditalia Core3 T mmmmm 1,25 18,68 — 11,69 6,41IGMFdF Bilanciato Az. Cl.A# mmmmm 0,17 25,23 — 14,53 8,93IGMFdF Bilanciato Az. Cl.B# mmmmm 0,27 25,87 — 15,23 9,64UBIPra. Port. Aggressivo mmmmm 0,26 27,41 25,77 16,28 8,8070%msciworld&30%jpm emu 0,69 31,57 — 18,58 12,71

bilanciati — — — — —AllianzMulti50# mmmmm 0,53 20,86 25,88 11,40 7,39







Alto Bilanciato mmmmm 0,55 19,93 — 6,85 4,67AnimaForza 4 A# mmmmm 0,55 20,25 23,43 11,78 8,05AnimaForza 4 B# mmmmm 0,55 20,25 23,43 11,78 —AnimaForza 4 Y# mmmmm 0,61 21,06 23,43 12,52 8,77ArcaBB mmmmm 0,37 14,95 17,46 13,31 7,43BancoPostaMix2 mmmmm 0,12 11,18 — 9,20 6,26Consult Bilanciato A2 mmmmm 0,64 19,19 — 12,12 5,80ConsultinvestBil A1 mmmmm 0,74 19,23 — — —EticaBilanciato IEY mmmmm 0,49 27,40 27,96 17,61 —EticabilanciatoE mmmmm 0,41 26,28 27,96 16,58 10,33EurizonBil.Euro Multi.# mmmmm 0,61 19,62 19,40 13,76 7,82EurizonSoluzione 40 mmmmm 0,34 20,28 20,98 11,93 7,01EurizonSoluzione 60 mmmmm 0,64 25,03 26,19 13,46 7,65Fideuram Bilanciato mmmmm 0,46 11,21 12,64 10,08 n.s.FMS- BalancedI# mmmmm 0,87 18,37 22,21 — —Fondersel mmmmm 0,81 16,03 21,89 9,16 5,32Fonditalia Core2 R mmmmm 0,93 13,77 — 8,90 4,89Fonditalia Core2 T mmmmm 0,99 14,45 — 9,55 5,50GestnordBil.Euro A mmmmm -0,33 12,91 17,71 12,29 4,87GestnordBil.Euro CY mmmmm -0,25 13,93 17,71 — —Nextam Part.Bilanciato mmmmm -0,08 16,40 11,50 11,70 5,04Star CollBil.PaesiEmA# mmmmm 4,40 24,16 26,34 — —Star CollBil.PaesiEmCY# mmmmm 4,46 25,27 26,34 — —UBIPra. Europe Multifund mmmmm 0,95 17,43 — — —UBIPra. Gl. Multif.50 mmmmm 0,90 21,43 21,11 13,27 7,58UBIPra. Port. Dinamico mmmmm 0,11 22,68 22,20 11,42 6,9650%msciworld&50%jpm emu 0,41 26,22 — 16,14 11,04

bil.obbligazionari — — — — —AllianzMulti20# mmmmm 0,19 13,35 17,85 8,79 5,93AmundiObbligaz. Br.Ter. D mmmmm -0,33 — — — —AmundiOriz 20PeM Imprese mmmmm 0,41 — — — —AmundiOriz.20 Italia mmmmm 0,13 5,89 — — —AmundiOriz.20 Mer.Emer mmmmm 0,50 — — — —AmundiOriz.20 SilverAge mmmmm 0,09 14,21 — — —AmundiOriz.2020 Alpha It mmmmm -0,04 — — — —AmundiOrizzonte 20 Glob. mmmmm 0,33 8,88 — — —AnimaCed. A.P.2022 I mmmmm -0,11 — — — —AnimaCed. Al.Pot.2021 mmmmm 0,11 — — — —AnimaCed.Al.Pot.2021 II mmmmm -0,13 — — — —AnimaCed.Al.Pot.2021 III mmmmm 0,26 — — — —AnimaForza 3 A# mmmmm 0,44 11,28 15,26 7,00 5,02AnimaForza 3 B# mmmmm 0,44 11,26 15,26 6,99 5,02AnimaForza 3 Y# mmmmm 0,48 11,87 15,26 7,61 5,59AnimaObiettivo Ced2022 mmmmm -0,03 — — — —AnimaProg Glob.2022 Ced mmmmm 0,43 — — — —ANM Anima Cap.Più30 N# mmmmm 0,55 9,36 13,03 — —ANM Anima Cap.Più15A# mmmmm 0,31 5,92 9,17 5,77 3,10ANM Anima Cap.Più15F# mmmmm 0,41 6,94 9,17 — —ANM Anima Cap.Più30 A# mmmmm 0,56 9,48 13,03 8,45 4,10ANM Anima Cap.Più30 F# mmmmm 0,66 10,56 13,03 — —ANM Anima VisconteoA mmmmm 0,25 12,95 15,22 9,87 5,63ANM Anima VisconteoF mmmmm 0,30 13,66 15,22 — —ArcaTE mmmmm 0,92 17,92 20,38 9,36 6,69Euromob.Bilanciato mmmmm 0,20 11,86 — 10,12 6,42Fonditalia Core1 R mmmmm 0,62 8,91 — 6,56 3,79Fonditalia Core1 T mmmmm 0,66 9,46 — 7,09 4,29UBIPra. B. EuroRis. Cont. mmmmm 0,15 5,54 6,35 5,53 2,32UBIPra. Glob. Multiasset mmmmm 0,42 — — — —UBIPra. Multiasset IT mmmmm -0,40 10,26 — — —UBIPra. Port. Moderato mmmmm -0,04 15,17 16,17 7,18 4,8730%msciworld&70%jpm emu 0,13 20,87 — 13,59 9,26

obbligazionariob.eurogovernativi b.t. — — — — —AcomeABreve Term.A1 mmmmm 1,08 1,32 — 6,96 5,10AcomeABreve Term.A2 mmmmm 1,11 1,63 — 7,35 —

Alto EuroGovernativo B/T mmmmm -0,42 1,18 — 2,79 2,08AmundiObbligaz. Br.Ter. C mmmmm -0,31 4,10 2,24 5,08 2,86AnimaFix EuroA mmmmm — -0,03 0,38 0,56 0,50AnimaFix EuroI mmmmm 0,02 0,20 0,38 0,78 0,72AnimaFix EuroYY mmmmm 0,03 0,20 0,38 0,79 0,78AnimaFix Obbl. BT A mmmmm -0,06 0,95 1,10 1,82 1,31AnimaFix Obbl. BT Y mmmmm -0,03 1,41 1,10 2,27 1,75ANM Anima SalvadanaioA mmmmm -0,08 0,35 0,82 1,25 0,07ANM Anima SalvadanaioF mmmmm -0,05 0,74 0,82 — —ArcaMM BondEuroSh. T. mmmmm -0,06 2,73 3,25 5,08 4,01BancoPostaObbl. EuroBT mmmmm — 0,33 — 1,34 1,50ConsultinvestBreve Term mmmmm -0,30 1,98 — 3,21 2,37Eticaobb.breve term.E mmmmm 0,05 0,86 1,19 1,48 1,24EticaObbl. BreveT. IEY mmmmm 0,06 1,16 1,19 1,78 —EurizonObbl. EuroBT A mmmmm -0,26 0,98 1,04 2,07 —EurizonObbl. EuroBT D mmmmm -0,26 0,98 1,04 2,07 1,61Euromob.EuroAggregate mmmmm 0,01 1,73 1,67 2,18 1,60Fideuram Risparmio mmmmm -0,08 -0,35 0,47 0,30 0,35FondacoEuro CashBY mmmmm 0,04 1,08 — — —FondacoEuro CashY mmmmm 0,04 1,08 — 1,42 1,39FonderselReddito mmmmm 0,04 1,05 1,35 2,74 2,65FonditEur BondDefe. S mmmmm -0,18 0,50 — — —FonditEur BondDefen R mmmmm -0,06 0,98 — 1,69 1,54FonditEuro BondDefen T mmmmm -0,02 1,32 — 2,04 1,88Fonditalia Eu CurrencyR mmmmm -0,05 -0,19 — 0,45 0,58Fonditalia Eu CurrencyT mmmmm -0,02 0,12 — 0,75 0,87GestielleBT Cedola Cl.A mmmmm — -0,60 1,00 1,44 1,22GestielleBT Cedola Cl.BY mmmmm 0,05 -0,59 — -0,54 —GIFocus Euro Gov. BT mmmmm -0,07 1,69 — 2,15 1,71Interf.Euro Currency mmmmm -0,04 0,14 — 0,69 0,78MalatestaBreveTermine mmmmm -0,24 0,81 0,95 1,80 1,60MediolanumRisp DinamL mmmmm -0,04 1,23 1,14 3,11 n.s.MediolanumRisp DinamLA mmmmm -0,04 — — — —NordfondoObbl. B.TA mmmmm -0,02 0,89 0,76 1,85 1,33NordfondoObbl. B.TB mmmmm -0,02 0,89 0,76 — —NordfondoObbl. B.TCY mmmmm — 1,16 0,76 — —Passadore BreveTermine mmmmm -0,24 0,82 0,95 1,86 1,61Pion.Eur Gov BT (ex Mon.)A mmmmm -0,04 -0,31 0,95 0,96 1,25Pion.Eur Gov BT (ex Mon.)B mmmmm -0,04 -0,41 — — —SoprarnoPronti Termine B mmmmm 0,09 1,34 0,48 3,15 2,35Symp. ObbBreveTerm mmmmm 0,01 0,83 0,83 2,18 1,73Symp. ObbRendita mmmmm -0,01 1,03 1,03 3,26 n.s.TeodoricoBreveTermine mmmmm -0,23 0,92 0,95 2,11 1,81UBIPra. Euro BT mmmmm -0,18 1,20 1,35 1,90 1,28ZenitMc BreveTer Cl.I mmmmm 0,11 3,82 — 3,00 2,18ZenitMc BreveTer Cl.R mmmmm 0,09 3,34 1,06 2,59 1,81jpmgbi emu 1-3yr 0,04 1,42 — 2,42 1,73

ob.eurogovernativi m/l t — — — — —AcomeAEurobb. A1 mmmmm 1,24 2,35 — 9,33 6,41AcomeAEurobb. A2 mmmmm 1,28 2,76 — 9,75 —Agora Income mmmmm -0,04 0,83 4,28 0,84 —AllianzRedditoEuro mmmmm -0,37 10,41 10,56 7,10 5,31AnimaFix Obbl. MLT A mmmmm -0,50 10,64 10,97 8,11 4,88AnimaFix Obbl. MLT Y mmmmm -0,47 11,26 10,97 8,71 5,48ANM ANIMACap. PiùOb. N# mmmmm -0,13 4,23 6,62 — —ANM Anima Obbl.EuroA mmmmm -0,34 5,11 5,66 4,82 1,96ANM Anima Obbl.EuroF mmmmm -0,32 7,85 5,66 — —ANM Capitale PiùObbl. A# mmmmm -0,13 4,31 6,62 3,91 2,39ANM Capitale PiùObbl. F# mmmmm -0,05 5,13 6,62 — —ArcaRRBond Euro mmmmm -0,21 8,38 10,02 7,24 5,36AzimutRedditoEuro mmmmm -0,70 0,54 — 4,24 2,47BancoPostaObbl. EuroML/t mmmmm -0,10 6,11 — 5,38 4,57EpsilonQincome mmmmm -0,77 7,58 12,85 9,06 5,25EurizonObbl. Euro mmmmm -0,57 11,02 10,28 8,70 5,81Euromob.Reddito mmmmm -0,55 10,50 11,39 7,84 5,08Fideuram Rendimento mmmmm -1,31 5,51 9,69 5,86 3,00







FondacoEurogov Beta BY mmmmm -0,21 12,99 — 6,46 —FondacoEurogov BetaY mmmmm -0,21 12,96 — 9,19 6,43FonderselEuro mmmmm -0,34 7,52 12,70 7,51 5,42FonditEur BdLng TermS mmmmm -1,14 27,10 — — —Fonditalia Eu B.LongT R mmmmm -0,54 30,29 — 16,72 10,69Fonditalia Eu B.LongT T mmmmm -0,51 30,81 — 17,18 11,11Fonditalia EuroBondR mmmmm -0,31 6,23 — 6,05 4,76Fonditalia EuroBondS mmmmm -0,53 5,04 — — —Fonditalia EuroBondT mmmmm -0,28 6,65 — 6,47 5,17GestielleMT EuroCl.A mmmmm -0,56 2,99 4,65 4,44 2,32GestielleMT EuroCl.B mmmmm -0,51 3,66 — 5,12 2,89Interf.Euro BondLongT mmmmm -0,52 30,77 — 17,11 11,31Interf.Euro BondMed. T mmmmm -0,37 11,13 — 8,58 6,43Interf.Euro Short Term1-3 mmmmm 0,03 1,00 — 1,62 1,48Interf.Euro Short Term3-5 mmmmm -0,08 3,56 — 4,03 3,33MalatestaObblig. Euro mmmmm -0,41 6,84 6,51 5,42 3,81NordfondoOb.EuroM.T. A mmmmm -0,47 5,31 8,80 5,04 2,66NordfondoOb.EuroM.T. CY mmmmm -0,43 5,79 8,80 — —PioneerEu Gov MT Dis A mmmmm -0,34 10,91 12,85 — —PioneerEu Gov MT Dis B mmmmm -0,34 10,76 — — —PioneerObb.Euro Distr B mmmmm -0,22 8,78 — — —Symp. Obblig.Euro mmmmm -0,04 6,20 6,20 5,53 4,24UBIPra. Euro M/L Term. mmmmm -0,92 10,41 10,56 6,32 4,14mlemu direct government -0,09 12,81 — 9,24 6,55

ob.eurocorp.invest.grade. — — — — —AmundiCorporate 3 anniY mmmmm -0,01 -0,61 — 1,08 -0,80AnimaFix Imprese A mmmmm 0,01 4,42 5,75 8,39 5,14AnimaFix Imprese Y mmmmm 0,07 5,12 5,75 9,11 5,81ANM Anima Obb.Corp.A mmmmm 0,12 5,57 5,75 8,67 4,61ANM Anima Obb.Corp.AD mmmmm 0,11 5,36 5,75 — —ANM Anima Obb.Corp.F mmmmm 0,15 6,04 5,75 — —ArcaBondCorporate mmmmm 0,26 6,02 7,10 6,72 5,46BancopostaCorp. 2014 mmmmm — 0,15 — 2,29 —EurizonObbl. EuroCorp. mmmmm 0,12 4,58 5,77 5,66 3,95EurizonObbl. EuroCorp. BT mmmmm -0,07 1,02 1,82 2,78 2,38FoiEu Corp BndS mmmmm -0,23 4,06 — 2,93 —Fonditalia Eu CorpBnd R mmmmm 0,19 6,24 — 5,47 4,09Fonditalia Eu CorpBnd T mmmmm 0,23 6,66 — 5,89 4,49Interf.Euro CorporateBd mmmmm 0,23 6,67 — 5,82 4,17NordfondoOb.EuroCorp A mmmmm 0,29 6,52 7,94 6,76 5,27NordfondoOb.EuroCorp CY mmmmm 0,33 7,04 7,94 — —PioneerOb Eu Co EtDis AE mmmmm 0,04 5,60 6,55 6,33 5,01PioneerOb Eu Co EtDis BE mmmmm 0,02 5,44 — — —Symp. Obb.Corp. mmmmm 0,20 4,99 4,99 5,91 4,51UBIPra. Euro Corp. mmmmm 0,10 4,88 7,10 5,96 4,30lehman euroaggr.corporate 0,42 7,25 — 6,78 5,57

ob.eurohigh yield — — — — —AnimaFix High Yeld Y mmmmm 0,65 4,60 5,55 11,28 7,84AnimaFix High YieldA mmmmm 0,55 3,53 5,55 10,16 6,80ANM Anima Ob HiYieldA mmmmm 0,53 2,90 5,55 6,49 1,82ANM Anima Ob HiYieldAD mmmmm 0,53 2,90 5,55 — —ANM Anima Ob HiYieldF mmmmm 0,62 4,10 5,55 — —EurizonObbl. EuroHY mmmmm 0,10 5,27 4,79 8,74 6,08FoiBndGl. High YieldTY mmmmm 1,67 2,32 — 6,77 4,85FoiBondGl.High YieldS mmmmm 0,46 -3,03 — — —FoiBondGlobHighYield R mmmmm 1,59 1,50 — 5,92 4,23IfuBondGl. High Yield mmmmm 1,26 0,93 — 6,35 4,69UBIPra. Gl.High Yld EuroH mmmmm 0,85 — — — —mleuro high yield -0,03 5,44 — 10,97 9,33

ob.dollarogovernativi b.t. — — — — —AnimaRiserva DollaroA mmmmm 0,51 — 28,53 — —AnimaRiserva DollaroF mmmmm 0,54 — — — —AnimaRiserva DollaroI mmmmm 0,53 — — — —EurizonBr.Ter.Dollaro mmmmm 0,47 28,06 28,89 6,65 4,17

EurizonBr.Ter.Dollaro$ mmmmm 0,69 28,74 28,89 6,74 4,22Euromob.Conservativo mmmmm 0,02 0,88 0,48 1,42 1,07jpmgbi us 1-3y 0,52 27,92 — 7,12 5,37

ob.dollarogovernativi m/l t. — — — — —AzimutRedditoUsa mmmmm 0,41 27,49 — 7,04 5,16FoiBondUS Plus R mmmmm 0,71 34,23 — 9,68 8,14FoiBondUs PlusS mmmmm 0,19 31,52 — — —FoiBondUs PlusTY mmmmm 0,76 35,20 — 10,45 8,80FonditBondUS PlusRH mmmmm 0,27 5,05 — — —FonditBondUS PlusTH mmmmm 0,33 5,76 — — —IfuBondUS Plus mmmmm 0,35 34,37 — 9,81 8,02NordfondoObbl. Dollari A mmmmm 0,59 32,27 34,47 7,59 6,80NordfondoObbl. Dollari CY mmmmm 0,65 32,92 34,47 — —lehman us treasury 1,08 33,80 — 8,69 7,60

ob.dollarocorp.invest.grade — — — — —PioneerOb CoAm Dis A mmmmm 0,96 33,66 37,23 — —PioneerOb CoAm Dis B mmmmm 0,95 33,45 — — —mlus corp.fin. & inv. 1,41 29,48 — 8,09 6,26

ob.int. governativi — — — — —AllianzRedditoGlob mmmmm 0,14 20,63 22,77 4,18 4,66Alto Internazion.Obbl. mmmmm 0,31 15,88 — 3,67 4,26AnimaFix Obbl. Glob A mmmmm -0,10 25,12 22,11 5,81 5,60AnimaFix Obbl. Glob Y mmmmm -0,05 26,10 22,11 6,65 6,41ANM Anima PianetaA mmmmm 0,05 24,34 22,11 5,95 5,71ANM Anima PianetaF mmmmm 0,09 24,96 22,11 — —ArcaBondG. mmmmm 1,77 20,92 21,77 5,75 n.s.EurizonObbl. Internaz. mmmmm 0,08 19,48 18,48 5,15 5,33FondacoWorld G ABNoEBY mmmmm 1,41 19,79 — 2,67 —FondacoWorld G ABNoEI mmmmm 1,41 19,74 — 4,60 —Fondersel Int.# mmmmm 0,82 22,66 22,77 7,10 5,41GestielleObbl. Intern. Cl.A mmmmm 0,11 17,24 20,87 3,67 3,67GestielleObbl. Intern. Cl.B mmmmm 0,19 18,29 — 4,60 4,58UBIPra. Obb. Globali mmmmm 0,08 19,89 21,15 5,23 5,17jpmgbi global all.mat. 0,51 23,27 — 5,82 6,59

ob.int. corp.invest.gr. — — — — —UBIPra. Obb. Glob.Corp. mmmmm 0,39 6,92 7,09 5,28 5,47lehman aggregate corporate 0,06 7,10 — 6,55 5,62

ob.int. highyield — — — — —FonditBondHY Short R mmmmm 0,92 0,36 — — —FonditBondHY Short S mmmmm -0,13 -3,71 — — —FonditBondHY Short T mmmmm 0,97 0,87 — — —PioneerObb GloHY Dis A mmmmm 2,53 27,01 25,60 — —PioneerObb GloHY Dis B mmmmm 2,49 27,50 — — —UBIPra. Obb. Gl.Alto Ren. mmmmm 1,37 1,83 2,97 6,09 6,75mlglobal high yield 0,53 2,64 — 8,06 8,57

ob.yen — — — — —Interf.BondJapan mmmmm 1,10 12,99 — -4,11 0,75jpmgbi japan all.mat. 1,24 14,36 — -3,10 2,05

ob.paesi emergenti — — — — —ANM Anima Obb.Emerg A mmmmm 2,30 3,26 5,67 1,98 3,80ANM Anima Obb.Emerg AD mmmmm 2,30 3,27 5,67 — —ANM Anima Obb.Emerg F mmmmm 2,33 3,79 5,67 — —ArcaBoPaesi Em Val.Loc mmmmm 2,74 17,89 19,50 4,50 —ArcaBondPaesi Em. mmmmm 2,19 4,47 5,65 4,18 5,20BnlObbl Emergenti mmmmm 2,73 29,67 36,83 10,15 9,27EurizonObbl. Emergenti mmmmm 1,72 3,28 4,81 3,15 4,24FonditBnd Glb EmMkt R mmmmm 2,61 4,94 — 4,15 5,40FonditBnd Glb EmMkt SY mmmmm 1,82 1,74 — — —FonditBnd Glb EmMkt T mmmmm 2,65 5,26 — 4,46 5,71FonditEm.Mkt.Loc.Cur. R mmmmm 2,32 12,59 — — —







FonditEm.Mkt.Loc.Cur. RH mmmmm 1,85 -12,44 — — —FonditEm.Mkt.Loc.Cur. S mmmmm 1,29 8,16 — — —FonditEm.Mkt.Loc.Cur. T mmmmm 2,39 13,32 — — —FonditEm.Mkt.Loc.Cur. TH mmmmm 1,92 -11,25 — — —GestielleEm Mkts BoCl.A mmmmm 2,09 5,38 7,01 4,51 5,36GestielleEm Mkts BoCl.B mmmmm 2,19 6,48 — 5,58 6,41Interf.BondGlb Em Mkt mmmmm 1,91 4,37 — 3,49 5,07Interf.Em.Mkt Loc.Cur HY mmmmm 1,74 -11,74 — -5,50 —Interf.Em.Mkt Loc.Curr mmmmm 2,37 13,73 — 1,87 —NordfondoOb.Paesi Em A mmmmm 0,92 24,99 23,59 10,34 8,64NordfondoOb.Paesi Em B mmmmm 0,89 24,86 23,59 — —NordfondoOb.Paesi Em CY mmmmm 1,04 25,76 23,59 — —PioneerOb Paesi Em Dis A mmmmm 3,62 14,85 17,02 7,81 7,43PioneerOb Paesi Em Dis B mmmmm 3,62 14,70 — — —jpmembi global diversified 2,79 36,49 — 13,05 11,94

ob.altrespecializzazioni — — — — —AmundiObbligaz. Ob.Ced. mmmmm -1,05 9,47 — 8,60 5,28AnimaFix Emergenti A# mmmmm 2,23 2,31 5,67 1,30 3,14AnimaFix Emergenti Y# mmmmm 2,32 3,26 5,67 2,29 4,14AnimaForza 1 A mmmmm 0,24 4,19 5,45 3,35 2,68AnimaForza 1 B mmmmm 0,26 4,21 5,45 3,34 2,68AnimaForza 1 Y mmmmm 0,29 4,56 5,45 3,69 3,02AnimaForza 2 A mmmmm 0,14 7,69 9,90 5,81 4,29AnimaForza 2 B mmmmm 0,16 7,71 9,90 5,82 4,29AnimaForza 2 Y mmmmm 0,19 8,11 9,90 6,20 4,68ANM Anima Riserva Emer.A mmmmm 2,56 15,59 11,74 — —ANM Anima Riserva Emer.F mmmmm 2,54 15,86 11,74 — —ANM Anima Riserva Glob.A mmmmm 0,29 8,42 5,74 — —ANM Anima Riserva Glob.F mmmmm 0,36 8,74 5,74 — —AureoCedola I -2016 mmmmm 0,09 2,24 — 7,42 —AureoCedola II - 2017 mmmmm 0,05 4,20 — — —AzimutTrendTassi mmmmm -0,15 1,32 — 4,92 3,04BancoPostaObbl Dic 2017 mmmmm — 0,65 — — —BancoPostaObbl. Ott17 mmmmm 0,04 1,51 — 2,48 —BCCCed. Att. Dicembre18 mmmmm 0,65 4,18 — — —BCCCed. Att. Marzo 19 mmmmm 0,59 — — — —BCCCed. Dicembre18 mmmmm 0,14 5,20 — — —BCCCed. Marzo19 mmmmm 0,12 — — — —BCCCed. Piu'Dicembre19 mmmmm 0,02 — — — —BCCCed.Att. Dicembre19 mmmmm 0,06 — — — —BCCCed.Att. Settembre19 mmmmm 0,39 — — — —BCCCed.Più Settembre19 mmmmm 0,45 — — — —BCCCed.Reale Dicembre19 mmmmm -0,12 — — — —BCCCed.Reale Settemb.19 mmmmm 0,08 — — — —BCCCedola III Op- 2017 mmmmm 0,55 2,79 — — —BCCCedola IV -2018 mmmmm 0,18 4,69 — — —BCCCedola IV Op-2018 mmmmm 0,55 3,65 — — —BCCCedola V -2018 mmmmm 0,09 5,88 — — —BCCCedola V Op-2018 mmmmm 0,59 4,25 — — —Bnl Obbl. Globali mmmmm 0,82 19,58 23,73 9,49 6,81EurizonObbl. CedolaA mmmmm -0,23 2,79 2,60 3,79 —EurizonObbl. CedolaD mmmmm -0,23 2,78 2,60 2,72 1,56EurizonObbl. EticoE mmmmm -0,18 8,32 8,31 7,26 5,71FoiCore BondR mmmmm 0,55 6,48 — 4,20 —FoiCore BondT mmmmm 0,58 6,90 — 4,62 —FoiEu YieldPl S mmmmm -0,59 1,35 — 0,46 —FonderselSh. Term Asset mmmmm 0,02 0,38 — — —FonditCore BondS mmmmm — 4,45 — — —Fonditalia Eu YieldPl R mmmmm -0,38 2,23 — 1,48 0,60Fonditalia Eu YieldPl T mmmmm -0,34 2,59 — 1,85 0,97Fonditalia GlobConv. R mmmmm 2,62 7,38 — — —Fonditalia GlobConv. S mmmmm 2,07 5,22 — — —Fonditalia GlobConv. T mmmmm 2,69 8,07 — — —Fonditalia InflatLinked R mmmmm 0,07 9,13 — 3,24 4,40Fonditalia InflatLinked T mmmmm 0,11 9,56 — 3,65 4,81GestielleObbl. Corp. A mmmmm 0,53 4,28 5,00 8,88 6,62

GestielleObbl. Corp. B mmmmm 0,60 5,21 — 9,80 7,05Interf. InflationLinked mmmmm 0,01 9,32 — 3,77 5,16InterfundGlob.Convert mmmmm 2,08 6,50 — 8,64 —NordfondoObbl. Conv.A mmmmm 0,97 7,02 8,07 8,34 4,03NordfondoObbl. Conv.CY mmmmm 1,04 7,94 8,07 — —PioneerCIM EuroFixIncome mmmmm -0,20 8,68 — 7,53 5,47PioneerObb.Euro Distr A mmmmm -0,20 8,95 10,60 7,21 5,65Star CollOb Inter. A# mmmmm 0,83 27,88 23,50 — —Star CollOb Inter. CY# mmmmm 0,87 28,50 23,50 — —Star CollOb M/L TerA# mmmmm -0,27 8,10 10,91 — —Star CollOb M/L TerCY# mmmmm -0,21 8,71 10,91 — —UBIPra. Obb. Dollari mmmmm 0,90 34,53 36,16 9,70 8,66jpmglobal 0,51 23,27 — 5,82 6,59

ob.misti — — — — —AcomeAPerform. A1 mmmmm 2,87 5,86 — 9,12 5,60AcomeAPerform. A2 mmmmm 2,87 6,42 — 9,69 —AlleanzaObbligaz. mmmmm -1,13 7,08 — 7,56 2,99AnimaSforzesco AD mmmmm 0,25 — — — —AnimaTr. 18 It.Al.Pot.II mmmmm 0,24 3,91 — — —AnimaTr. 21Globale mmmmm 0,15 — — — —AnimaTr.18 Eu.Al.Pot.II mmmmm 0,34 4,65 — — —AnimaTr.18 Eu.Al.Pot.III mmmmm 0,36 4,68 — — —AnimaTr.19 Cre.Sost. mmmmm 0,23 8,71 — — —AnimaTr.19 Cre.Sost. II mmmmm 0,21 8,89 — — —AnimaTrag 18 Alto Pot. mmmmm 0,28 5,24 — — —AnimaTrag 18 Eu.Al.Pot. mmmmm 0,34 4,64 — — —AnimaTrag 18 It.Al.Pot. mmmmm 0,21 3,91 — — —AnimaTrag 2019 Glob mmmmm 0,36 5,56 — — —AnimaTrag 2019 Glob II mmmmm 0,23 5,36 — — —AnimaTrag 2019 MultiAss mmmmm 0,25 6,33 — — —AnimaTrag Ced. America mmmmm -0,13 9,54 — — —AnimaTrag Cedola Europa mmmmm 0,15 7,83 — — —AnimaTrag. 19 FlexII mmmmm 0,39 5,50 — — —AnimaTrag. 19 Plus mmmmm 0,38 5,77 — — —AnimaTrag. 19 PlusII mmmmm 0,38 5,87 — — —AnimaTrag. 2019 Flex mmmmm 0,33 5,50 — — —AnimaTrag. Crescita Ita mmmmm -0,09 — — — —AnimaTrag. Dinamico mmmmm 0,41 5,63 — — —AnimaVisconteo AD mmmmm 0,26 — — — —ANM Anima Cap.Più15N# mmmmm 0,32 5,83 9,17 — —ANM Anima SforzescoA mmmmm 0,25 10,16 12,82 7,23 4,77ANM Anima SforzescoF mmmmm 0,32 11,05 12,82 — —ArcaObbligaz. Europa mmmmm — 14,40 16,58 9,11 6,82BancoPostaMix1 mmmmm -0,20 8,33 — 6,61 4,95EticaObbl. MistoIEY mmmmm -0,22 11,17 12,05 7,63 —EticaObbligaz. mistoE mmmmm -0,27 10,53 12,05 7,00 5,18EurizonDiversEticoE mmmmm 0,21 7,13 7,55 6,23 4,31EurizonRendita A mmmmm 0,12 3,22 2,53 4,07 —EurizonRendita D mmmmm 0,11 3,22 2,53 3,65 2,06EurizonSoluzione 10 mmmmm -0,01 5,96 5,94 5,29 2,96GestielleCed.Multi Tar mmmmm 0,04 -1,93 — — —GestielleCed.Multi Tar2 mmmmm 0,17 0,56 — — —GestielleCedola PiùIta mmmmm 0,02 0,81 — — —InvestimentiSostenibili C mmmmm 0,39 — — — —Nextam Part.Obbl. Misto mmmmm 0,12 10,81 17,33 9,84 6,13NordfondoEtico ObMistoE mmmmm 0,31 8,71 12,86 7,60 3,22PioneerOb. Piu' Dis A mmmmm 0,40 10,30 10,04 5,96 5,44PioneerOb. Piu' Dis B mmmmm 0,43 10,31 — — —Symp. Patrim. Redd. mmmmm 0,26 7,08 — 6,71 4,46UBIPra. Port. Prudente mmmmm -0,27 8,25 9,22 4,15 3,03Unicredit RedditoA# mmmmm 0,71 16,54 — — —Unicredit RedditoB# mmmmm 0,68 16,08 — — —ZenitMc Obbligaz. Cl.I mmmmm -0,36 7,07 — 5,99 3,96ZenitMc Obbligaz. Cl.R mmmmm -0,41 6,50 8,61 5,43 3,4280%jpm global&20%msci world 0,63 26,53 — 9,47 8,50







ob.flessibili — — — — —AllianzObbligaz. Flessibile mmmmm -0,34 3,28 — 2,64 2,04Alpi Bond mmmmm — n.s. — n.s. n.s.Alto Eu Flessibile Obbl. mmmmm -0,09 0,85 — 4,47 1,70AmundiDiv.Attiva 18 mmmmm 0,50 8,58 — — —AmundiDiv.Attiva 18 4 mmmmm 0,47 8,56 — — —AmundiDiv.Attiva 18 Due mmmmm 0,39 8,57 — — —AmundiDiv.Attiva 18 Tre mmmmm 0,56 8,46 — — —AmundiDiv.Attiva 19 mmmmm 0,35 8,02 — — —AmundiDiv.Attiva 20 mmmmm 0,22 — — — —AmundiMeta 19Prem. Due mmmmm -2,37 3,26 — — —AmundiMeta 2018 mmmmm -0,04 2,16 — — —AmundiMeta 2018 Due mmmmm -0,02 1,91 — — —AmundiMeta 2018 Premium mmmmm -0,05 2,89 — — —AmundiMeta 2018 Quattro mmmmm -0,15 3,27 — — —AmundiMeta 2018 TRE mmmmm -0,04 3,08 — — —AmundiMeta 2019 Premium mmmmm -0,07 2,74 — — —AmundiMeta Opp. 2017 mmmmm -1,78 1,03 — — —AmundiMeta Plus 19AE Due mmmmm 0,19 7,16 — — —AmundiMeta Plus 19AE TRE mmmmm 0,15 5,42 — — —AmundiMeta Plus 19Mer Sv mmmmm 0,09 5,78 — — —AmundiMeta Plus 19Usa mmmmm 0,41 6,65 — — —AmundiMeta Plus 2019 AE mmmmm 0,31 7,05 — — —AmundiOriz.19 Ced eDiv mmmmm 0,37 5,97 — — —AmundiOriz.19 Ced eDiv 2 mmmmm 0,37 5,98 — — —AmundiTraguardo 3% mmmmm — 0,64 — — —AnimaRend.Ass.Obbligaz. A mmmmm -1,06 6,97 — 4,73 n.s.AnimaRend.Ass.Obbligaz. Y mmmmm -0,93 8,09 — 5,45 n.s.AnimaRisparmio A mmmmm -0,12 0,79 — — —AnimaTrag 2017 Ced4 II mmmmm 0,11 1,79 — — —ANM Anima Risparmio AD mmmmm -0,12 0,89 — 2,84 1,47ANM Anima Risparmio F mmmmm -0,12 0,89 — — —ANM Anima Tr.18 M.CedII mmmmm 0,08 2,98 — — —ANM Anima Trag 17Ced4 mmmmm 0,08 1,13 — 5,22 —ANM Anima Trag 17Ced4 3 mmmmm 0,02 1,84 — — —ANM Anima Trag 2016Ced3 mmmmm — 0,75 — 4,89 —ANM Anima Trag 2017M.Ced mmmmm 0,02 1,81 — — —ANM Anima Trag 2018C.Sem mmmmm 0,04 2,85 — — —ANM Anima Trag 2018T.Ced mmmmm 0,07 2,60 — — —ANM Anima Trag II2016 mmmmm — 1,19 — 5,46 —ANM Anima Traguardo2016 mmmmm — 1,03 — 4,87 —ANM Anima Traguardo2018 mmmmm 0,23 3,27 — 7,88 —Arca19Red. Multiv. P mmmmm -0,06 4,92 — — —Arca19Red. Multiv. R mmmmm -0,08 4,96 — — —Arca19Red. Multiv.II P mmmmm -0,06 — — — —Arca19Red. Multiv.II R mmmmm -0,04 — — — —Arca19Red.Multiv.IIIP mmmmm -0,08 — — — —Arca19Red.Multiv.IIIR mmmmm -0,08 — — — —ArcaCedBondGlob Eur mmmmm 0,15 -1,43 — 2,65 —ArcaCed.18 Ob.Att.IIIP mmmmm 0,07 3,04 — — —ArcaCed.18 Ob.Att.IIIR mmmmm 0,07 3,15 — — —ArcaCed.18 Ob.Att.IV P mmmmm -0,02 3,35 — — —ArcaCed.18 Ob.Att.IV R mmmmm — 3,43 — — —ArcaCed.18 Ob.Attiva II mmmmm 0,07 2,77 — — —ArcaCed.18 Obb.Attiva mmmmm 0,04 2,74 — — —ArcaCed.18 Paesi Em.VL P mmmmm 1,59 11,25 — — —ArcaCed.18 Paesi Em.VL R mmmmm 1,63 11,45 — — —ArcaCed.18 Paesi Em.VL2 P mmmmm 1,70 11,97 — — —ArcaCed.18 Paesi Em.VL2 R mmmmm 1,73 12,20 — — —ArcaCed.18 Paesi Em.VL3 P mmmmm 1,61 10,25 — — —ArcaCed.18 Paesi Em.VL3 R mmmmm 1,65 10,43 — — —ArcaCed.19Ob.Att. VIP mmmmm -0,12 2,32 — — —ArcaCed.19Ob.Att. VIR mmmmm -0,10 2,34 — — —ArcaCed.19Ob.Att.V P mmmmm -0,14 3,63 — — —ArcaCed.19Ob.Att.V R mmmmm -0,14 3,65 — — —ArcaCed.19Ob.Att.VII P mmmmm -0,10 — — — —ArcaCed.19Ob.Att.VII R mmmmm -0,10 — — — —

ArcaCed.19Ob.Att.VIII P mmmmm -0,10 — — — —ArcaCed.19Ob.Att.VIII R mmmmm -0,12 — — — —ArcaCed.20 Ob.Att.IXP mmmmm -0,12 — — — —ArcaCed.20 Ob.Att.IXR mmmmm -0,12 — — — —ArcaCed.Bo.2015 Alto Pot mmmmm 0,38 -1,13 — 3,19 3,18ArcaCed.Bo.2015 Alto Pot.2 mmmmm 0,31 -0,22 — 4,08 —ArcaCed.Bo.2016 Alto Pot.3 mmmmm — 0,18 — 5,19 —ArcaCed.Bo.2017Alto Pot.4 mmmmm 0,11 1,28 — 5,67 —ArcaCed.Bo.2017Alto Pot.5 mmmmm 0,07 1,29 — — —ArcaCed.Bo.2017Alto Pot.6 mmmmm 0,06 1,44 — — —ArcaCed.BondGlob.Eu II mmmmm 0,09 -0,92 — 2,76 —ArcaCed.BondGlob.Eu III mmmmm 0,50 -2,83 — 2,12 —ArcaCed.BondPaesi Em. mmmmm 1,42 -3,71 — 1,45 —BCCRisparmio Obbligaz. mmmmm 0,05 5,01 — 3,88 2,18Consult High YieldA1 mmmmm -0,97 14,53 — — —Consult High YieldA2 mmmmm -0,96 13,72 — 10,62 5,99Consult High YieldB1 mmmmm -0,98 14,40 — — —Consult High YieldIY mmmmm -0,89 14,52 — — —Consult RedditoA1 mmmmm -3,06 6,83 — — —Consult RedditoA2 mmmmm -3,06 6,31 — 9,53 4,16Consult RedditoB1 mmmmm -3,08 6,70 — — —Consult RedditoB2 mmmmm -3,06 6,36 — 9,53 —Consult ValoreA2 mmmmm -1,51 3,33 — 7,77 3,37Consult ValoreB2 mmmmm -1,51 3,32 — 7,69 —ConsultinvestReddito IY mmmmm -3,04 6,80 — — —ConsultinvestValore A1 mmmmm -1,51 3,59 — — —ConsultinvestValore B1 mmmmm -1,52 3,51 — — —ConsultinvestValore IY mmmmm -1,48 3,73 — — —EurizonCed. Doc 02/19 mmmmm 0,02 5,84 — — —EurizonCed. Doc 04/19 mmmmm 0,02 6,09 — — —Euromob.Cedola 2018 mmmmm 0,22 2,63 — — —Euromob.Cedola 3- 2017 mmmmm 0,30 4,06 — — —Euromob.Crescita Attiva mmmmm 0,30 — — — —Euromob.Emerg Mkt Bond mmmmm 1,53 10,03 — 2,81 n.s.Euromob.F2 mmmmm 0,20 1,10 — 1,77 1,30Euromob.Obiettivo 2015 mmmmm 0,17 1,88 — 4,59 —FoiGlobalBond R mmmmm -0,18 8,78 — 2,07 —FoiGlobalBond S mmmmm -0,69 6,51 — -0,29 —FoiGlobalBond T mmmmm -0,14 9,25 — 2,54 —FonditEthical R mmmmm 0,72 6,74 — — —FonditEthical TY mmmmm 0,72 6,79 — — —Fonditalia FlexibBondR mmmmm 0,54 4,52 — 2,03 n.s.Fonditalia FlexibBondS mmmmm 0,06 2,51 — 0,07 —Fonditalia FlexibBondT mmmmm 0,59 4,94 — 2,47 n.s.GestielleCedFissa II A mmmmm 0,02 -1,14 — — —GestielleCedFissa II BY mmmmm 0,11 -0,30 — — —GestielleCedola Fissa mmmmm -1,72 -0,34 — — —GestielleCedola O.B.E. mmmmm 0,04 -0,54 — 1,34 —GestielleCedola Più mmmmm 0,02 1,04 — — —GIFocus Obbligazionario mmmmm 0,21 -0,38 — -0,90 -0,50MediolanumFleObb Glob L mmmmm 0,85 2,01 — 3,97 n.s.RitorniReali mmmmm 0,99 9,54 0,83 5,10 2,65SoprarnoRedd.& Cresc. A mmmmm -0,23 — — — —SoprarnoRedd.& Cresc. BY mmmmm -0,19 — — — —Symp. Obb.Alto Pot. mmmmm 0,43 2,74 — — —Symp. Obb.Din. Val. mmmmm 0,77 14,91 — 2,83 n.s.UBIPra. Active Duration mmmmm -0,37 2,19 — 2,10 1,05UBIPra. Tot RetPr mmmmm -0,46 1,93 — 1,65 1,23UniCreditSoluzione BTA mmmmm -0,02 0,06 — 0,47 —UniCreditSoluzione BTB mmmmm -0,06 -0,44 — -0,03 —jpmgbi global all.mat. 0,51 23,27 — 5,82 6,59

ob.italia — — — — —ANM Anima TricoloreA mmmmm -1,69 11,55 12,30 11,48 —ANM Anima TricoloreF mmmmm -1,66 11,95 12,30 — —AzimutSolidity mmmmm -0,50 8,04 — 6,85 3,75BancoPostaObb.Ita Dic18 mmmmm -0,13 2,58 — — —







EpsilonItalyBo.Sh.Term A mmmmm -0,03 -0,05 0,55 — —EpsilonItalyBo.Sh.Term B mmmmm — 0,24 0,55 0,95 1,18EpsilonItalyBo.Sh.Term I mmmmm 0,01 0,39 0,55 — —EurizonObbl. ItaBT A mmmmm -0,19 0,87 1,20 2,80 1,92EurizonObbl. ItaBT B mmmmm -0,17 1,16 1,20 3,11 2,21PioneerOb.Sist.It Dis A mmmmm -1,47 10,31 12,13 10,02 —PioneerOb.Sist.It Dis B mmmmm -1,48 10,15 — — —jpmgbi italy tradedindex -1,62 12,95 — 12,96 7,49

flessibilifondiflessibili — — — — —8a+GranParadiso mmmmm 1,71 -0,36 — -0,62 -0,138a+Latemar mmmmm 0,86 3,77 — 7,19 3,70AcomeAEtf Attivo A1 mmmmm 1,81 15,34 — 11,97 n.s.AcomeAEtf Attivo A2 mmmmm 1,91 16,35 — 12,97 —AcomeAPatr. Aggr.A2 mmmmm 2,17 8,66 — 11,94 —AcomeAPatr. Aggr.A1 mmmmm 2,11 7,54 — 10,89 2,83AcomeAPatr. Dinam.A1 mmmmm 1,83 7,27 — 9,60 4,25AcomeAPatr. Dinam.A2 mmmmm 1,90 8,11 — 10,41 —AcomeAPatr. Prud. A1 mmmmm 2,60 5,46 — 8,53 5,68AcomeAPatr. Prud. A2 mmmmm 2,59 6,09 — 9,19 —ActiveDiscovery FlexY mmmmm 0,50 3,08 — — —ActiveGlobal FlexY mmmmm 0,50 3,08 — — —ActiveIncome FlexY mmmmm 0,46 3,44 — — —ActiveOpport. FlexY mmmmm 0,50 3,08 — — —Agora 4Invest mmmmm 0,15 3,34 — — —Agora Dynamic mmmmm -0,33 5,72 — — —Agora Selection# mmmmm 1,18 3,49 — -3,98 -2,37Agora ValoreProtetto mmmmm 0,98 1,57 — 1,13 2,10Agoraflex QY mmmmm 2,05 4,48 — — —Agoraflex R mmmmm 1,79 2,79 — 0,18 1,76AlaricoRe mmmmm 0,52 11,51 1,54 13,07 1,83AlkimisCap UcitsAcc. mmmmm -0,66 5,73 — 3,81 3,50AlkimisCap UcitsCoup. mmmmm -0,69 1,73 — — —AllianzGlobalStrategy 15 mmmmm 0,08 4,11 — 3,28 2,01AllianzGlobalStrategy 30 mmmmm 0,18 7,28 — 4,85 2,78AllianzGlobalStrategy 70 mmmmm 0,57 18,04 — 11,05 5,62Alpi Bilanciato mmmmm 0,15 n.s. — n.s. n.s.AmundiAccumulaz. Att. 2 mmmmm 0,11 — — — —AmundiAccumulaz. Fles. mmmmm -0,02 — — — —AmundiAccumulaz. Fles.2 mmmmm -0,10 — — — —AmundiAccumulazione Att. mmmmm 0,15 — — — —AmundiEu Brasile 2016G mmmmm 9,12 -14,76 — -9,38 —AmundiEu Bric 2017GY mmmmm 9,14 29,45 — 6,99 —AmundiEu Cina Ripr 2015 mmmmm -0,02 -9,37 — -0,73 0,32AmundiEu Cr.Ar.Euro 19G mmmmm -0,30 9,62 — — —AmundiEu Cr.Az 2017G mmmmm -0,98 12,19 — 10,99 —AmundiEu Cr.Az II 2017G mmmmm -0,18 5,70 — 9,69 —AmundiEu Cr.Fin 2015G mmmmm 1,11 1,88 — 13,11 —AmundiEu Cr.Fin 2017G mmmmm -0,24 4,63 — 13,44 —AmundiEu Cr.Ita 2015G mmmmm 1,11 5,52 — 11,30 —AmundiEu Cr.Ita 2018G mmmmm 0,07 6,00 — 13,83 —AmundiEu Cr.Set.Imm17G mmmmm 0,24 6,34 — 10,01 —AmundiEu Cr.Tai 2018G mmmmm -0,18 6,18 — 11,15 —AmundiEu CV 17G mmmmm 0,84 7,20 — 10,15 —AmundiEu CV 18G mmmmm 0,16 6,34 — — —AmundiEu EuEmRip17GY mmmmm 4,87 7,61 — 6,23 —AmundiEu Italia DopOp18G mmmmm 0,15 8,29 — — —AmundiEu Ma.In.DpOp18G mmmmm -0,46 2,47 — 2,69 —AmundiEu Merc. Em.18G mmmmm 1,86 0,87 — — —AmundiEu P IV 2017G mmmmm 0,00 0,63 — 3,89 —AmundiEu Sv M P2016GY mmmmm 4,80 -16,23 — -5,20 —AmundiEu Sv.It-Fr-Sp18G mmmmm 0,21 10,70 — — —AmundiEu Svi. Russia18G mmmmm 6,61 7,64 — — —AmundiEu Svi.Germa18G mmmmm -1,30 10,94 — — —AmundiEu Svil.En. 2016G mmmmm 1,73 -0,29 — 3,79 —AmundiEu Svil.Merc.Em17G mmmmm 6,92 6,97 — 2,82 —

AmundiEu Utilit.DopOp18G mmmmm -0,09 7,49 — — —AmundiEu.Cr.Cina 2017G mmmmm 8,58 23,13 — 8,24 —AmundiEu.En.DpOp18GY mmmmm 2,37 2,41 — — —AmundiEu.Sv.Gr.Cina18G mmmmm 2,48 15,58 — — —AmundiEur. BRICT Pr17G mmmmm 3,67 17,23 — 4,88 —AmundiEur.Svil.USA 2016G mmmmm 0,04 9,07 — 11,21 —AmundiEur.Svil.USA 2018G mmmmm -0,26 7,31 — — —AmundiEureka Cina2015G mmmmm 16,68 25,05 — 8,09 —AmundiEureka Or 2015G mmmmm 7,76 17,19 — 6,64 —AmundiEureka Sett.2016G mmmmm -0,15 1,29 — 2,70 1,42AmundiFlessibile# mmmmm 0,81 16,25 — 7,55 4,50AmundiMeta Plus 20AE Usa mmmmm -0,07 5,66 — — —AmundiMeta Plus 20Mer Sv mmmmm -0,09 6,53 — — —AmundiMeta Plus Din 20AE mmmmm 0,06 — — — —AmundiMeta Plus Din 20MS mmmmm 0,10 — — — —AmundiMetaPlusDin20AE Us mmmmm 0,10 — — — —AmundiPiu'# mmmmm -0,03 4,31 — 2,23 1,47AmundiOriz2019MarcGlLus mmmmm -0,26 11,15 — — —AnimaActive Curr. FlexY mmmmm 0,42 2,04 — — —AnimaEvoluzione 2017I mmmmm 0,41 — — — —AnimaEvoluzione 2019II mmmmm 0,23 2,78 — — —AnimaEvoluzione 2019III mmmmm 0,31 — — — —AnimaEvoluzione 2019IV mmmmm 0,27 — — — —AnimaEvoluzione 2020 I mmmmm 0,10 — — — —AnimaRussell Multi-Asset mmmmm 1,08 9,80 — — —AnimaSelection mmmmm 0,57 11,01 — — —AnimaStar Eu AltoPot A mmmmm 0,64 9,41 — 8,90 5,53AnimaStar Eu AltoPot Y mmmmm 0,74 10,34 — 9,81 6,44AnimaStar ItAltoPot A mmmmm 0,09 5,66 — 9,56 6,38AnimaStar ItAltoPot Y mmmmm 0,19 6,61 — 10,52 7,12AnimaStar ItAltoPot YD mmmmm 0,19 6,60 — — —AnimaTr.18 It.Al.Pot.III mmmmm 0,24 3,88 — — —AnimaTrag Evoluz 2019 I mmmmm 0,29 3,87 — — —ANM Anima Alto Pot.Gl.A mmmmm -0,03 11,16 — 7,62 4,38ANM Anima Alto Pot.Gl.F mmmmm 0,08 12,43 — — —ANM Anima FondoTrading A mmmmm 0,92 7,43 — 8,86 4,29ANM Anima FondoTrading F mmmmm 1,04 8,95 — — —AnthiliaYellow mmmmm 0,37 5,86 — 8,47 3,80Arca20Red.Multiv. P mmmmm -0,40 — — — —Arca20Red.Multiv.IV R mmmmm -0,38 — — — —ArcaBondFlessibile mmmmm -0,62 -1,58 — — —ArcaCashPlus mmmmm 0,21 1,51 — 2,55 n.s.ArcaFormEuStoxx (R)2015 mmmmm -1,17 16,67 — 16,16 —ArcaFormII EStox (R)2015 mmmmm -1,32 14,47 — 13,47 —ArcaStrat.Gl.Crescita mmmmm 0,47 2,63 — 3,95 3,59ArcaStrat.Gl.Opportun. mmmmm 0,85 6,06 — 7,01 5,90AzimutDinamico mmmmm 1,00 11,72 — 8,25 4,11AzimutScudo mmmmm -0,21 10,34 — 8,31 4,72AzimutStr. Trend mmmmm 0,93 16,40 — 11,46 7,11AzimutTrend mmmmm 1,72 27,51 — 17,08 12,12AzimutTrendAmerica mmmmm 0,28 37,75 — 19,27 12,97AzimutTrendEuropa mmmmm 1,42 22,70 — 15,75 5,13AzimutTrendItalia mmmmm 1,79 16,40 — 25,57 7,11AzimutTrendPacifico mmmmm 3,24 39,60 — 12,76 7,16BancoPosta Step mmmmm -0,23 3,03 — 0,06 -0,53BancoPosta Trend mmmmm 0,04 1,15 — 2,94 1,77BancoPostaObbl Giu 2015 mmmmm 0,02 0,34 — 2,48 —BancoPostaObbl Giu 2017 mmmmm 0,04 2,22 — 5,61 —BCCCedola III -2017 mmmmm 0,18 3,52 — — —BCCCrescita Bilanciato mmmmm 0,07 16,24 — 10,31 5,11BCCInvestimento Azion. mmmmm 0,44 17,96 2,10 11,94 3,37BCCSelez. Crescita# mmmmm 1,16 15,26 — n.s. n.s.BCCSelez. Investimento# mmmmm 2,72 21,00 2,04 9,01 5,84BCCSelez. Opportunità# mmmmm 1,13 1,68 — n.s. n.s.BCCSelez. Risparmio# mmmmm 0,32 5,96 — n.s. n.s.BNL Assetto Comfort mmmmm -0,16 0,20 — 1,16 0,59BNL Assetto Dinamico# mmmmm 0,81 7,79 — 5,52 3,11







Consult Alto DivA1 mmmmm 0,77 18,79 — — —Consult Alto DivA2 mmmmm 0,86 19,93 — 13,63 7,49Consult Alto DivB1 mmmmm 0,78 18,75 — — —Consult Alto DivB2 mmmmm 0,92 19,92 — 13,55 —Consult High YieldB2 mmmmm -0,97 13,80 — 10,65 —Consult MercatiEm A1 mmmmm 5,48 21,82 — — —Consult MercatiEm A2 mmmmm 5,64 23,06 — 3,48 1,42Consult Multi FlexIY mmmmm -0,02 10,07 — — —Consult Multi High VolA# mmmmm 1,09 18,41 — — —Consult Multi High VolB# mmmmm 0,96 17,53 — — —Consult Multi LowVol A# mmmmm 0,68 5,39 — — —Consult Multi LowVol B# mmmmm 0,62 5,23 — — —Consult Multi LowVol IY mmmmm 0,70 5,87 — — —Consult Multi Med Vol A# mmmmm 0,99 10,12 — — —Consult Multi Med Vol B# mmmmm 0,90 9,78 — — —Consult Multi OpportA# mmmmm 0,21 10,43 — — —Consult Multi OpportB# mmmmm 0,16 9,90 — — —ConsultinvestMulti Flex A# mmmmm -0,12 8,77 — 6,32 3,61ConsultinvestMulti Flex B# mmmmm -0,17 8,36 — — —ConsultinvestPlus A1 mmmmm -0,52 3,80 — — —ConsultinvestPlus A2 mmmmm -0,53 3,57 — 7,25 4,06ConsultinvestPlus IY mmmmm -0,45 — — — —ECCapProtetto 12/14P mmmmm — 0,84 — 3,33 1,75EpsilonAll.Tattica02/20 mmmmm -0,06 — — — —EpsilonAll.Tattica04/20 mmmmm -0,06 — — — —EpsilonAll.Tattica09/19 mmmmm 0,42 — — — —EpsilonAll.Tattica11/19 mmmmm 0,39 — — — —EpsilonDLongRun mmmmm 0,58 13,15 — 9,67 4,70EpsilonFle ForexC02/19 mmmmm -0,44 3,95 — — —EpsilonFle ForexC02/20 mmmmm -0,54 — — — —EpsilonFle ForexC04/19 mmmmm 0,21 5,41 — — —EpsilonFle ForexC04/20 mmmmm -0,24 — — — —EpsilonFle ForexC07/19 mmmmm -0,02 — — — —EpsilonFle ForexC09/18 mmmmm -0,08 3,78 — — —EpsilonFle ForexC11/19 mmmmm -0,20 — — — —EpsilonFle ForexC12/18 mmmmm -0,21 4,09 — — —EpsilonQReturn mmmmm 0,40 12,20 — 10,79 6,10EurizonCed.Att+ 04/20 mmmmm -0,88 — — — —EurizonCed.Att+ 05/18 mmmmm -0,84 4,70 — — —EurizonCed.Att+ 05/19 mmmmm -0,83 4,95 — — —EurizonCed.Att+ 06/18 mmmmm -0,83 4,58 — — —EurizonCed.Att+ 07/19 mmmmm -0,99 — — — —EurizonCed.Att+ 12/19 mmmmm -1,04 — — — —EurizonCed.Att.+ 10/19 mmmmm -1,04 — — — —EurizonCed.Att.04/20 mmmmm -0,71 — — — —EurizonCed.Att.05/18 mmmmm -0,67 4,29 — — —EurizonCed.Att.05/19 mmmmm -0,76 4,76 — — —EurizonCed.Att.06/18 mmmmm -0,66 4,25 — — —EurizonCed.Att.07/19 mmmmm -0,86 — — — —EurizonCed.Att.10/19 mmmmm -0,86 — — — —EurizonCed.Att.12/19 mmmmm -0,84 — — — —EurizonCed.Att.Top04/21 mmmmm 0,04 9,28 — — —EurizonCed.Att.Top04/22 mmmmm -0,02 — — — —EurizonCed.Att.Top05/20 mmmmm 0,05 9,22 — — —EurizonCed.Att.Top05/21 mmmmm 0,04 8,51 — — —EurizonCed.Att.Top05/22 mmmmm -0,18 — — — —EurizonCed.Att.Top06/20 mmmmm 0,05 9,27 — — —EurizonCed.Att.Top07/20 mmmmm 0,04 9,31 — — —EurizonCed.Att.Top07/21 mmmmm 0,02 — — — —EurizonCed.Att.Top10/20 mmmmm -0,11 9,24 — — —EurizonCed.Att.Top10/21 mmmmm -0,11 — — — —EurizonCed.Att.Top12/20 mmmmm -0,11 9,29 — — —EurizonCed.Att.Top12/21 mmmmm -0,10 — — — —EurizonGes.At.Cla02/18# mmmmm 0,06 6,76 — — —EurizonGes.At.Cla04/18# mmmmm 0,11 6,87 — — —EurizonGes.At.Cla04/19 mmmmm — 6,08 — — —

EurizonGes.At.Cla04/20 mmmmm 0,02 — — — —EurizonGes.At.Cla05/19 mmmmm 0,11 5,88 — — —EurizonGes.At.Cla07/19 mmmmm -0,02 — — — —EurizonGes.At.Cla10/18 mmmmm -0,02 6,30 — — —EurizonGes.At.Cla11/17# mmmmm — 6,17 — — —EurizonGes.At.Cla12/18 mmmmm -0,02 6,33 — — —EurizonGes.At.Cla6/18# mmmmm 0,07 6,90 — — —EurizonGes.At.Cla7/17# mmmmm 0,02 6,32 — — —EurizonGes.At.Cla7/18# mmmmm 0,07 6,24 — — —EurizonGes.At.Cla9/17# mmmmm 0,14 6,11 — — —EurizonGes.At.Din 02/18# mmmmm 0,14 13,13 — — —EurizonGes.At.Din 04/18# mmmmm 0,26 13,54 — — —EurizonGes.At.Din 04/19 mmmmm 0,19 13,46 — — —EurizonGes.At.Din 04/20 mmmmm 0,31 — — — —EurizonGes.At.Din 05/19 mmmmm 0,28 13,77 — — —EurizonGes.At.Din 07/19 mmmmm 0,25 — — — —EurizonGes.At.Din 10/18 mmmmm 0,24 14,85 — — —EurizonGes.At.Din 11/17# mmmmm 0,16 13,34 — — —EurizonGes.At.Din 12/18 mmmmm 0,22 14,73 — — —EurizonGes.At.Din 12/19 mmmmm 0,28 — — — —EurizonGes.At.Din 6/18# mmmmm 0,24 13,46 — — —EurizonGes.At.Din 7/18# mmmmm 0,29 14,12 — — —EurizonGes.At.Din 9/17# mmmmm 0,11 13,16 — — —EurizonGes.At.Din. 7/17# mmmmm 0,11 13,67 — — —EurizonGes.At.Opp02/18# mmmmm 0,03 18,18 — — —EurizonGes.At.Opp04/18# mmmmm -0,02 18,55 — — —EurizonGes.At.Opp04/19 mmmmm -0,02 20,56 — — —EurizonGes.At.Opp05/19 mmmmm 0,02 20,61 — — —EurizonGes.At.Opp10/18 mmmmm 0,05 19,69 — — —EurizonGes.At.Opp11/17# mmmmm 0,14 15,76 — — —EurizonGes.At.Opp12/18 mmmmm — 21,67 — — —EurizonGes.At.Opp6/18# mmmmm 0,08 18,51 — — —EurizonGes.At.Opp7/18# mmmmm 0,08 18,07 — — —EurizonGes.At.Opp9/17# mmmmm 0,17 15,29 — — —EurizonGes.At.Opp.7/17# mmmmm 0,12 15,86 — — —EurizonGest.At.Cla 12/17# mmmmm — 6,27 — — —EurizonGest.At.Din10/19 mmmmm 0,25 — — — —EurizonGest.At.Din12/17# mmmmm 0,12 13,61 — — —EurizonGest.At.Opp 12/17# mmmmm 0,03 16,03 — — —EurizonGuidaAtt. 04/19 mmmmm 0,08 5,79 — — —EurizonGuidaAtt. 04/20 mmmmm 0,02 — — — —EurizonGuidaAtt. 05/19 mmmmm 0,06 5,96 — — —EurizonGuidaAtt. 07/19 mmmmm 0,06 — — — —EurizonGuidaAtt. 10/18 mmmmm 0,13 6,03 — — —EurizonGuidaAtt. 10/19 mmmmm 0,06 — — — —EurizonGuidaAtt. 12/18 mmmmm 0,09 6,25 — — —EurizonGuidaAtt. 12/19 mmmmm 0,08 — — — —EurizonMAssetRed. 04/20 mmmmm -0,74 — — — —EurizonMAssetRed. 05/20 mmmmm -0,06 — — — —EurizonMAssetRed. 10/19 mmmmm -0,93 — — — —EurizonMAssetRed. 12/19 mmmmm -0,89 — — — —EurizonObiettivo Rend# mmmmm -0,16 5,12 — 3,70 2,39EurizonProfiloFle Dif.# mmmmm -0,10 3,34 — 2,89 1,96EurizonProfiloFle Equi# mmmmm -0,05 7,23 — 4,78 3,19EurizonProfiloFle Svil# mmmmm 0,19 14,48 — 8,24 5,11EurizonRend.Ass 2anni# mmmmm -0,16 3,28 — 2,88 1,92EurizonRend.Ass 3anni# mmmmm -0,26 5,23 — 3,98 2,24EurizonSol.Ced+ 05/20 mmmmm -0,88 — — — —EurizonSoluz.Ced 05/20 mmmmm -0,76 — — — —EurizonStra Pro 1tri13G# mmmmm 0,69 5,09 — 3,63 2,16EurizonStra. Flessib 15G mmmmm -0,09 2,35 — 2,09 1,25EurizonStra.Pro 1tri12G# mmmmm 1,33 6,88 — 5,47 2,98EurizonStra.Pro 2tri12G# mmmmm 0,98 5,67 — 4,01 2,09EurizonStra.Pro IIITr11G# mmmmm 1,86 8,64 — 5,40 3,83EurizonTeam 1Cl A# mmmmm -0,25 2,83 — 2,14 1,52EurizonTeam 1Cl G# mmmmm -0,20 3,20 — 2,49 1,74







EurizonTeam 2Cl A# mmmmm — 5,21 — 3,34 2,19EurizonTeam 2Cl G# mmmmm 0,02 5,50 — 3,65 2,47EurizonTeam 3 ClA# mmmmm 0,07 9,89 — 5,49 3,28EurizonTeam 3 ClG# mmmmm 0,05 10,50 — 6,02 3,79EurizonTeam 4Cl A# mmmmm 0,14 15,41 — 7,93 4,66EurizonTeam 4Cl G# mmmmm 0,23 16,31 — 8,60 5,27EurizonTeam 5Cl A# mmmmm 0,53 22,80 — 11,17 6,15EurizonTeam 5Cl G# mmmmm 0,65 23,84 — 11,92 6,81Euromob.F3 mmmmm 0,38 6,00 — 3,36 2,01Euromob.RisingStars mmmmm 0,19 7,32 — — —Euromob.Science4 Life mmmmm 0,71 — — — —Euromob.SevenStars mmmmm 0,30 6,94 — — —FinintAbsolute RetEuro mmmmm -1,25 -1,31 — — —FMS- AbsoluteReturn# mmmmm -0,34 5,21 — 2,07 0,12FocusClasse A mmmmm 0,53 7,97 — 7,27 —FoiFlexEurope R mmmmm 0,02 -4,91 — -1,66 —FoiFlexEurope T mmmmm 0,08 -4,17 — -0,99 —FoiFlexItaly R mmmmm 0,56 4,38 — 9,01 —FoiFlexItaly T mmmmm 0,61 4,91 — 9,55 —FondacoGlobal Opport. BY mmmmm 0,44 8,76 — — —FondacoGlobal Opport.Y# mmmmm 0,43 8,72 — 4,30 3,22FondacoIncome Classic B mmmmm 1,08 — — — —FondacoIncome Instit. A mmmmm 1,02 — — — —FondacoIncome Instit. B mmmmm 1,03 — — — —FondacoIncome Profes. BY mmmmm 1,07 — — — —FonderselWorld All.# mmmmm -1,05 31,63 — 10,73 5,33FonditDiver.RealAsset R mmmmm 0,27 12,82 — — —FonditDiver.RealAsset S mmmmm -0,47 10,00 — — —FonditDiver.RealAsset T mmmmm 0,32 13,44 — — —FonditEq GlHigh Div R mmmmm 2,50 30,53 — 19,18 9,85FonditEq GlHigh Div T mmmmm 2,51 31,32 — 18,74 9,86FonditFlexib StrategyR mmmmm 0,78 5,14 — 2,70 0,94FonditFlexib StrategyS mmmmm -0,04 1,76 — -0,15 —FonditFlexib StrategyT mmmmm 0,80 5,58 — 3,14 1,38FonditGlobal Income S mmmmm -0,26 8,51 — — —Fonditalia FlRisk ParR mmmmm 1,10 14,27 — 4,06 2,25Fonditalia FlRisk ParT mmmmm 1,16 14,84 — 4,60 2,81Fonditalia FlexibGrowthR mmmmm 0,41 4,11 — 3,38 1,88Fonditalia FlexibGrowthT mmmmm 0,43 4,47 — 3,72 2,25FondoAntelao# mmmmm 0,71 — 2,51 — —Formula 1Absolute mmmmm -0,06 19,90 — 13,20 5,09Formula Target17 Eq.Opt. mmmmm 0,56 8,59 — 4,56 2,19GestielleAbsolute R mmmmm 0,37 4,96 — 7,56 2,04GestielleBest Sel.Eq 20# mmmmm 0,22 6,40 — 4,42 2,10GestielleBest Sel.Eq.50 mmmmm 0,61 — — — —GestielleCed.Dual Brand mmmmm 0,10 — — — —GestielleCed.EuroItalia mmmmm -0,10 4,18 — — —GestielleCed.For.Opp Usd mmmmm -0,72 — — — —GestielleCed.MultiAss II mmmmm 0,57 — — — —GestielleCed.MultiAsset mmmmm 0,26 0,20 — — —GestielleDual Brand Eq30 mmmmm 0,36 — — — —GestielleMult.A.R. Plus# mmmmm -0,23 7,08 — — —GestielleMult.Ab.Ret# mmmmm -0,21 6,16 — 4,75 —GestielleOb America mmmmm 1,45 17,05 — 9,98 n.s.GestielleOb Brasile mmmmm 3,94 3,78 — -3,38 -3,62GestielleOb Cina mmmmm 7,71 22,64 — 8,84 n.s.GestielleOb East Europe mmmmm 1,82 5,92 — 0,68 n.s.GestielleOb India mmmmm -1,15 10,48 — 3,46 n.s.GestielleOb Internaz. mmmmm 1,16 13,95 — 10,68 n.s.GestielleOb Piu'P mmmmm 0,26 0,67 — 5,32 2,40GestielleOb Risp A mmmmm 0,16 2,07 — 5,12 n.s.GestielleOb Risp B mmmmm 0,20 2,55 — 5,60 n.s.GestielleOb. Em. Mkt mmmmm 2,13 13,13 — 3,64 n.s.GestielleOb. Europa mmmmm — 10,09 — 13,04 n.s.

GestielleOb.Italia mmmmm -0,35 5,16 — 12,57 n.s.GestnordAsset Allocation mmmmm — 10,95 — 6,27 3,75IGMFdF Flessibile Cl.A# mmmmm 0,39 7,97 — 5,35 2,62IGMFdF Flessibile Cl.B# mmmmm 0,44 8,72 — 6,03 3,27Interf.Crescita Prot.80Y mmmmm 0,10 — — — —Interf.System Evolution mmmmm -0,01 5,73 — 5,11 2,92InvestitoriFlessibile mmmmm 0,36 7,90 — 7,75 3,61InvestitoriPiazza Affari mmmmm 0,44 — — — —ItalfortuneGlob TotRet mmmmm 0,05 2,18 — 5,84 1,65KairosIncome mmmmm -0,21 -0,82 — -0,01 0,16KairosSelection mmmmm 0,52 5,74 — 5,07 2,88Macro F.o. mmmmm 0,22 11,96 3,27 5,63 2,19MediolanumFleObb GloLA mmmmm 0,79 — — — —MediolanumFleStrateg L mmmmm 0,18 13,82 — 9,22 n.s.MediolanumFleStrateg LA mmmmm 0,07 — — — —MediolanumFleSvi ItaLA mmmmm 0,47 — — — —MediolanumFleVal.Att LA mmmmm 0,36 — — — —MediolanumFlexGlob LA mmmmm 0,63 22,59 — 11,16 6,07MediolanumFlexItalia LA mmmmm 0,84 4,93 — 18,12 6,60MediolanumFlexSvi ItaL mmmmm 0,55 4,81 — — —MediolanumFlexVal.Att L mmmmm 0,38 1,21 — — —PioneerInnovaz.Att. B# mmmmm -0,31 — — — —PioneerTarget Controllo A mmmmm 0,11 4,16 — 4,60 3,19PioneerTarget Controllo B mmmmm 0,09 3,99 — — —RaiffeisenStrat. Fonds mmmmm -0,70 3,02 — 1,63 —SoprarnoInflaz. 1,5%A mmmmm -0,53 4,79 — 5,11 3,73SoprarnoInflaz. 1,5%BY mmmmm -0,52 5,00 — 5,30 3,94SoprarnoRelat ValueA mmmmm 0,27 7,04 — 7,95 4,49SoprarnoRelat. ValueBY mmmmm 0,32 7,54 — 8,44 4,95SoprarnoRit. Ass A mmmmm 0,06 5,82 — 6,19 4,67SoprarnoRit. Ass. BY mmmmm 0,12 6,62 — 6,82 5,27Star CollMulti As.GlA# mmmmm 0,13 4,38 2,04 — —Star CollMulti As.GlCY# mmmmm 0,38 5,40 — — —Symp. AsiaFles. mmmmm 2,47 24,50 — 15,70 9,54Symp. Fortissimo mmmmm 1,17 22,53 — 19,90 7,36Symp. Patrim. Attivo mmmmm 0,13 10,99 — 8,78 3,99Symp. Tematico mmmmm 0,85 -11,89 — 0,34 -0,34UBIPra. Capital GrowthP mmmmm 3,38 20,56 — — —UBIPra. Euro EqRisk Cont mmmmm 0,89 1,62 — — —UBIPra. Inflat. ShieldP mmmmm -0,22 -1,12 — — —UBIPra. Mult.Vol.Target mmmmm 2,32 — — — —UBIPra. Protez. Mkt EuroP mmmmm -0,46 4,59 — — —UBIPra. Tot. Ret. Din. mmmmm 0,12 5,54 — 2,17 0,12UBIPra. Tot.Ret. Moderato A mmmmm -0,48 2,14 — 0,24 -0,46UBIPra. Tot.Ret. Moderato B mmmmm -0,45 2,34 — 0,43 -0,28Unicredit Eco Reale A# mmmmm 1,06 21,01 — — —Unicredit Eco Reale B# mmmmm 1,04 20,53 — — —UniCreditSol.Pa. Em. A mmmmm 3,04 14,59 — 4,26 —UniCreditSol.Pa. Em. B mmmmm 3,00 13,95 — 3,69 —UniCreditSoluzione 20A# mmmmm -0,12 6,88 — 4,08 —UniCreditSoluzione 20B# mmmmm -0,18 6,39 — 3,61 —UniCreditSoluzione 40A# mmmmm 0,30 12,13 — 7,17 —UniCreditSoluzione 40B# mmmmm 0,26 11,56 — 6,63 —UniCreditSoluzione 70A# mmmmm 0,65 20,34 — 11,08 —UniCreditSoluzione 70B# mmmmm 0,61 19,69 — 10,47 —Unicredit TrendA# mmmmm 1,59 21,08 — — —Unicredit TrendB# mmmmm 1,57 20,60 — — —VolterraAbsolute R mmmmm 0,51 4,33 — 8,04 1,98VolterraDinamico mmmmm 0,28 8,13 — 5,54 2,43ZenitMc Evoluzione Cl.I mmmmm 1,23 4,77 — n.s. n.s.ZenitMc Evoluzione Cl.R mmmmm 1,12 3,45 — n.s. n.s.ZenitMc ParsecCl.I mmmmm 1,03 5,89 — — —ZenitMc ParsecCl.R mmmmm 0,94 4,57 — n.s. n.s.msci world 1,12 39,59 — 22,07 15,04

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 10,96 5,36 2,90FLE Ailis RendimentoMisto mmmmm 4,42 5,19 1,79

anima assetmgmtAnimaFundsOIN Bd 2015Multic. Din.Silver mmmmm 0,40 2,91 —OEU Bd 2015Multic. Silver mmmmm 0,48 2,61 —AEU Europe Eq.Prestige mmmmm 23,04 19,02 12,17FLE High PotentialEurope A mmmmm 7,66 7,54 —OEU LifeShort Term Silver mmmmm -0,40 -0,14 -0,35LEE LiquidityA mmmmm -0,29 0,17 0,29LEE LiquiditySilver mmmmm -0,44 0,01 0,14OEU MediumTerm Bd Prest. mmmmm 10,89 7,92 5,44FOR Pro100 Cedola BRIC/2 mmmmm 1,42 -0,21 —FOR Pro100 En. PulitaSilver mmmmm -0,53 0,19 —FOR Protetto100 Az.Gl. Silver mmmmm 1,90 2,57 —FOR Protetto100 BRIC Silver mmmmm 1,08 0,28 —OEU Short TermBd Prest. mmmmm 0,38 1,29 1,20OIN Star Bond Prestige mmmmm 6,16 3,76 —FLE Star High Potent.Eur.Prest. mmmmm 9,10 9,05 6,46ARU Star MktNeutralEur.I mmmmm -0,29 0,30 1,82

anima sicavOEU EuroCorporateBonds mmmmm 5,08 4,24 2,36BIL EuropeanBalanced mmmmm 12,56 9,68 5,39OEU Italian Bonds mmmmm 7,71 7,91 3,90

az fund mgmt s.a.Cl. AZ Fund(ACC)ARU ActiveSelection mmmmm 8,07 6,91 2,74OIN AggregateBond Euro mmmmm 8,03 6,79 4,79OIN AlphaManager Credit mmmmm -0,15 2,34 1,79FLE AlphaManager Equity mmmmm 29,51 13,95 7,47AZI AlphaManager Thematic mmmmm 23,51 9,59 5,01AAL AmericanTrend mmmmm 38,31 19,88 12,71BIL AssetPlus mmmmm 5,19 3,41 1,94BIL AssetPower mmmmm 13,09 6,70 3,80OEU Bd TargetGiugno 2016 mmmmm 2,87 5,78 —OIN Best Bond mmmmm 3,95 2,06 —OIN Best Cedola mmmmm 0,07 1,74 —AZI Best Equity mmmmm 16,54 4,74 —OIN BondTarget 2015 mmmmm 1,63 4,64 —LEE Cash12 mesi mmmmm 1,14 2,06 —LEE CashOvernight mmmmm 0,82 1,53 —FLE Cat Bond Fund mmmmm 0,43 1,93 —OMI CgmOpport. Corp.Bond mmmmm 6,39 6,20 —FLE CgmOpport. European mmmmm 12,31 12,84 —OMI CgmOpport. Gov.Bond mmmmm 6,54 4,52 —BIL Conservative mmmmm 7,70 7,06 4,44OIN CorporatePremium mmmmm 1,05 3,19 —FLE DividendPremium mmmmm 16,18 10,38 —APE Em. Market Asia mmmmm 55,11 15,73 9,41APE Em. Market Europe mmmmm 3,85 -4,29 -6,23APE Em. Market Latin America mmmmm 1,83 -7,38 -5,88BIL EuropeanDynamic mmmmm 11,13 8,21 4,14FLE EuropeanTrend mmmmm 21,61 16,01 5,26FLE Formula1 -Absolute mmmmm 19,00 13,90 5,65ARU Formula1 -Alpha Plus mmmmm 0,88 1,23 1,30BIL Formula1 -Conservative mmmmm 11,23 6,04 2,51AZI FormulaCom. Trading mmmmm -25,72 -10,69 —ARU FormulaMacro Dyn.Trading mmmmm 10,30 6,48 3,24OEU Income mmmmm 1,38 4,75 2,72

ARU InstitutionalTarget mmmmm 10,33 6,66 —FLE Italian Trend mmmmm 10,78 23,15 5,65AZI LongTerm Value mmmmm 32,41 18,46 9,77AEU Opportunities mmmmm 16,38 14,10 8,38FLE Pacific Trend mmmmm 35,43 12,91 7,24OEU Patriot mmmmm 20,03 18,43 —BIL QBond mmmmm 6,53 — —FLE QProtection mmmmm 6,42 4,88 2,40FLE QTrend mmmmm 18,29 9,36 2,07OEM RenminbiOpp.Hedge mmmmm 1,20 1,37 —LEE ReserveShort TermEuro mmmmm 0,13 1,02 0,77OMI Solidity mmmmm 8,53 6,97 3,99FLE StrategicTrend mmmmm 17,22 11,88 7,39FLE Trend mmmmm 27,29 17,34 11,92OIN USIncome mmmmm 24,04 4,33 2,61Cl. AZ Fund(DIS)OEU Bd TargetGiugno 2016 mmmmm -1,04 1,75 —

baseinvest.s sicavOIN Bonds-Multicurrency EUR mmmmm -8,45 -4,57 -1,71OEU BondsValueEUR mmmmm 11,28 9,71 4,91FLE FlexibleLow Risk Exp. mmmmm 13,31 7,63 3,62LEE Short TermEUR mmmmm 2,41 2,14 1,49

bgselection sicavAPE Africa&MiddleEast Eq mmmmm 14,00 9,84 2,72FLE Anima -Club mmmmm 12,13 8,02 —AEU Anima -Italy Equities mmmmm 5,96 15,69 1,73FLE ARC mmmmm 11,15 4,53 2,56FLE ARC10 mmmmm 20,50 8,61 5,34BIL BlackRock -GL MA mmmmm 15,93 8,18 4,49BIL Edmondde R.- S.Alpha mmmmm 10,10 6,56 —FLE Eurizon- Concerto mmmmm 13,13 8,18 3,06FLE FranklinT. -Multi Alpha F. mmmmm 16,97 7,68 —AZI GlobalDynamic mmmmm 31,81 16,43 8,47FLE GlobalRisk Managed mmmmm 18,28 9,10 4,75APE GreaterChina Eq mmmmm 75,29 18,84 7,22BIL HSBC-Em. Mkts Solution mmmmm 23,82 5,05 —AAP Invesco-Asia Gl.Opps mmmmm 44,48 14,34 7,93AEU Invesco-Europe Eq. mmmmm 16,91 14,60 6,49FLE JPM-Best Ideas mmmmm 9,61 8,82 —FLE Kairos -Blend mmmmm 10,93 9,59 —FLE Lemanik -Glocal Investor mmmmm -3,44 6,10 —FLE Leonardo- Navigator mmmmm 6,39 9,37 —LEE Liquidity mmmmm 0,19 0,55 0,65FLE MorganStanley- Act.All. mmmmm 16,74 8,13 4,90AAL MorganStanley-N.Am.Eq. mmmmm 36,17 16,98 10,47APE Next11Equities mmmmm 19,02 5,15 —AZI PictetWorld Opportun. mmmmm 38,09 18,97 11,34BIL Schroder Multi Asset mmmmm 9,29 4,92 —FLE Swiss&GlobalFlex.Strat. mmmmm 12,41 6,31 3,54AZI T-Cube mmmmm 35,43 16,38 8,05BIL Vontobel -Gl.Elite mmmmm 31,65 9,32 5,18

bnp paribas assetmgmtOEP BondEurope Plus mmmmm 15,08 9,41 7,61OIN BondWorld Plus mmmmm 20,07 7,56 6,70OCO Conv Bd Best Sel Eur mmmmm 13,05 11,44 5,35BIL Diversified WorldBalanced mmmmm 12,21 6,07 4,06BIL Diversified WorldGrowth mmmmm 15,87 8,27 5,45BIL Diversified WorldStability mmmmm 7,86 3,64 2,51AEU EquityEuro mmmmm 19,62 18,64 10,27AEU EquityEurope mmmmm 19,98 16,55 11,25

datial 22.04.2015 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 15,07 8,68 5,48Fondicomuni didiritto franceseARU BNPPRend. CedolaC mmmmm -0,31 -0,03 —

bny mellon assetmgmtBNYMellon Global FundsAPE Em. MktsEq. ValueF. mmmmm 33,84 8,33 3,71OEU EurolandBond mmmmm 11,08 9,00 6,52OIN GlobalBond A$ mmmmm 23,79 5,75 6,16OIN GlobalBond($) mmmmm 24,41 6,28 6,70

cb-accentlux sicavOEU BondEuro mmmmm 5,67 5,61 4,78APE FarEastEquity($) mmmmm 56,97 26,71 15,42OIN Swan Bond Opport. mmmmm 0,28 1,38 1,86OIN Swan High Yield mmmmm 1,17 3,09 —

coreseriesBIL CoReBal. Opport.E mmmmm 9,77 5,51 —BIL CoReChamp. Em. Mark. E mmmmm 20,89 5,33 —BIL CoReChampions E mmmmm 18,98 9,97 —OIN CoReCoupon E Dis mmmmm 3,95 3,85 —AZI CoReDividend EDis mmmmm 29,83 14,21 —OEM CoReEm. Mark. Bond E mmmmm 11,97 3,52 —APE CoReEm. Mark. EquityE mmmmm 27,17 7,12 —

credit suisseCSInvest (Lux)AZI IndexBlink B mmmmm 14,40 9,92 7,82OIN LondiniumGlobalBdsB mmmmm 2,40 1,95 2,10

duemmesicavFLE Alkimis mmmmm 6,58 3,97 —OIN C-QuadratEfficient Cl. C mmmmm 11,06 6,64 —OEU C-QuadratEu I. Plus Cl.C mmmmm 4,26 6,36 5,65OCO C-QuadratGl.C. Plus Cl.C mmmmm 8,07 6,27 —AZI RussellGlobalEquity C mmmmm 35,27 18,06 —

erselgestion inter.eOEU GloberselCorp. Bond mmmmm 6,16 6,55 4,50AZI GloberselEquity A mmmmm 35,83 17,60 12,06BIL LeaderselBalanced mmmmm 11,10 7,02 —FLE LeaderselDiver.Strategies mmmmm 3,05 — —APE LeaderselEm. Market Mult. mmmmm 31,98 8,22 4,66OEM LeaderselEm.Bond Opp. mmmmm 0,94 2,88 —

eurizoncapital s.a.EpsilonFundOEM Em. Bond TotalReturn mmmmm 1,98 1,77 2,39OEU EuroBond mmmmm 13,21 10,24 7,57LEE EuroCash mmmmm 0,17 0,92 1,11EurizonFocus Capitale ProtettoFLE Protezione03/2017 mmmmm 7,10 9,02 —EurizonFocus Riserva DocOEU Obbligaz.Corp.06/2015 mmmmm 0,37 3,08 —EurizonManager SelectionFundOMI MS10 mmmmm 10,36 7,63 5,14BIL MS20 mmmmm 12,53 8,43 5,62BIL MS40 mmmmm 18,96 11,50 7,13BIL MS70 mmmmm 27,75 15,93 10,24EurizonStrategia FlessibileOEU Obbligazioni03/2016 mmmmm 0,55 4,75 —OEU Obbligazioni06/2016 mmmmm 1,15 4,91 —

OEU Obbligazioni12/2015 mmmmm 0,69 5,20 —InvestmentSolutions byEpsilonOIN Cedolax 402/2012 mmmmm 1,28 4,96 —OIN Cedolax 403/2012 mmmmm 3,57 4,58 —OIN Cedolax 406/2011 mmmmm 1,50 3,18 —OIN Cedolax 407/2011 mmmmm 1,00 2,87 —OIN Cedolax 409/2011 mmmmm 1,26 4,03 —OIN ForexCoupon 2017 mmmmm 8,27 3,10 —RossiniLux FundOEU Obbligaz.TV mmmmm 1,18 4,40 2,03

eurizoneasyfundActiveMarketOEM BondEmerging Mkts mmmmm 33,38 11,62 10,48OIN BondHigh Yield mmmmm 6,49 10,46 7,23OIN BondHigh Yield mmmmm 7,49 11,55 8,35OEU BondInflation Linked mmmmm 5,70 4,73 2,86OEU BondInflation Linked mmmmm 6,59 5,61 3,75OEU BondCorpEur ST mmmmm 2,22 3,96 3,51OEU BondCorp.EurST mmmmm 1,42 3,14 2,69AEU EquitySmall Cap Europe mmmmm 19,54 18,89 10,61AEU EquitySmall Cap Europe mmmmm 20,75 20,19 12,01ActiveMarket cop.rischio cambioOEM BondEmerging Mkts mmmmm 4,23 4,07 5,75ActiveStrategyARU AbsoluteAttivo mmmmm 3,07 4,35 2,55ARU AbsolutePrudente mmmmm 2,44 3,20 2,06BIL Azioni StrategiaFlessibile mmmmm 8,82 9,72 —BIL FocusAz.StratFlessRL mmmmm 9,12 10,07 —Limited TrackingErrorOEU BondEUR Float.Rate LTE mmmmm 0,95 4,31 1,88OEU BondEUR Long T. LTE mmmmm 19,33 12,86 8,29OEU BondEUR Long T. LTE mmmmm 20,49 13,95 9,36OEU BondEUR Medium T. LTE mmmmm 4,17 5,17 3,94OEU BondEUR Short Term LTE mmmmm 1,69 2,77 1,95OIN BondInternational LTE mmmmm 22,81 5,56 6,09OPA BondJPY LTE mmmmm 14,10 -3,80 1,82OAM BondUSD LTE mmmmm 35,91 9,19 8,36LEE CashEUR mmmmm 0,35 1,09 1,21LEE CashEUR mmmmm -0,35 0,34 0,47APE EquityChina LTE mmmmm 89,02 22,09 11,20APE EquityEm. Mkts AsiaLTE mmmmm 50,61 14,90 8,93APE EquityEm. Mkts AsiaLTE mmmmm 52,71 16,50 10,49APE EquityEm. Mkts LTE mmmmm 38,37 9,02 5,69AEU EquityEuro LTE mmmmm 18,68 18,82 7,62AEU EquityEuro LTE mmmmm 20,45 20,60 9,25AEU EquityEurope LTE mmmmm 22,39 17,07 9,67AEU EquityEurope LTE mmmmm 24,23 18,82 11,34AZI EquityFinancial LTE mmmmm 34,33 22,78 10,85AEU EquityItaly LTE mmmmm 9,44 21,38 5,23AAP EquityJapan LTE mmmmm 55,11 19,21 10,72APE EquityLatinAmerica LTE mmmmm 4,39 -6,75 -4,34AAL EquityN.America LTE mmmmm 41,07 21,06 14,54AAL EquityN.America LTE mmmmm 43,17 22,87 16,26AAP EquityOceania LTE mmmmm 26,45 14,84 10,42LAM TreasuryUSD mmmmm 27,39 6,46 3,72LAM TreasuryUSD mmmmm 28,35 7,26 4,50Linea LTE cop. rischio cambioOEP BondGBP mmmmm 13,10 4,68 6,73OPA BondJPY mmmmm 3,65 2,49 2,40OAM BondUSD mmmmm 5,51 1,74 3,64AEU EquityEurope mmmmm 16,04 16,03 8,54AAP EquityJapan mmmmm 40,08 24,73 9,51


1anno 3 anni 5anni


1anno 3 anni 5anni



AAL EquityNorth America mmmmm 12,06 14,79 11,06

eurizoninvest. sicavOEU Ins.UnitHigh Yield 2020-1 mmmmm 6,54 9,90 —OEU Ins.Unit Inv.Grade 2020-1 mmmmm 6,25 7,85 —

euromobiliare inter. fund sicavEurofundluxOIN AltoRendimento 2019 Plus D mmmmm 0,43 3,02 —OEU Cedola2017 B mmmmm 2,75 4,85 3,58OEU Cedola2017 D mmmmm 2,36 4,39 3,05LEE EuroCash A mmmmm 0,12 0,54 0,61LEE EuroCash B mmmmm 0,41 0,85 0,93AEU EuroEquity D mmmmm 18,93 21,58 7,13OIN GlobalBond D mmmmm 17,18 6,00 —OEU Obiettivo2017 A mmmmm 0,63 2,12 —OEU QBondAbsolutereturn B mmmmm 3,63 2,96 2,46FLE TRFlex5 A mmmmm 0,46 2,32 3,52

european & global invest.sARU Plurima Fra.AlphaStrNL mmmmm 9,39 5,83 3,43

fideuramgestions s.a. lussemburgoOEM BondGlb EmMkts mmmmm 4,97 3,71 5,31OAM BondUSD mmmmm 34,57 9,76 7,83AZI Commodities mmmmm -25,76 -11,04 -6,09APE EqGlb EmMkts Eur mmmmm 31,16 9,32 6,10AAP EqPac. exJap. A mmmmm 24,28 12,13 6,46AAL EqUSA Advant mmmmm 52,15 23,23 14,19AAL EqUSA Value mmmmm 32,31 19,55 11,76AEU EquityEurope mmmmm 12,43 13,63 6,87AEU EquityItaly mmmmm 11,81 25,38 8,64AAP EquityJapan A mmmmm 53,01 17,98 8,11AAP EquityJapan H mmmmm 38,26 24,30 8,97AAL EquityUSA A mmmmm 39,45 20,41 13,57OEU EuroBd LongRisk mmmmm 30,71 16,72 10,44OEU EuroBd LowRisk mmmmm 3,15 3,62 2,97OEU EuroBd Med Risk mmmmm 10,66 8,08 5,94OEU EuroCorp. Bd mmmmm 6,19 5,38 4,07OEU EuroDefensive Bd mmmmm 0,63 1,27 1,14OEU EuroShort Term mmmmm -0,17 0,39 0,57AEU Europe Eq.Grth mmmmm 25,66 15,72 9,68AZI MarshallWaceTops mmmmm 5,86 3,94 2,92

generali invest.s luxembourg s.a.ARU VoBaFlex mmmmm 10,28 7,67 2,70OMI VoBaMoney Plus mmmmm 3,54 2,57 1,79

generali invest.s sicavOEU EuroBonds mmmmm 11,71 8,52 6,06OEU EuroCorporateBonds mmmmm 6,26 6,06 4,78LEE EuroShort Term Bonds mmmmm 0,76 1,63 1,34FLE Garant1 mmmmm 0,67 3,12 2,43FLE Garant2 mmmmm 2,13 3,17 1,91FLE Garant3 mmmmm 3,46 2,95 1,97FLE Garant4 mmmmm 1,94 1,72 0,93FLE Garant5 mmmmm -0,28 1,96 —

julius baer, zurigoJB MultibondARU JBBFAbs RetDef-EUR B mmmmm -2,34 -0,25 0,40ARU JBBFAbs RetPl-EUR B mmmmm -4,60 -0,65 0,95ARU JBBFAbs Ret-EUR B mmmmm -3,11 -0,19 0,53

OIN JBBFABS-EUR B mmmmm 0,61 2,66 3,63OIN JBBFCredit Opp-EUR B mmmmm 3,21 4,94 4,98OEM JBBFEmerging(EUR)-EUR B mmmmm 5,77 4,80 5,96OEM JBBFEmerg.(USD)-USD B mmmmm 33,54 11,06 10,08OIN JBBFGl High Yield-EURB mmmmm -0,46 6,47 5,41OEM JBBFLocal Em-USD B mmmmm 18,84 4,30 4,93OIN JBBFTotal Return-EURB mmmmm 0,40 1,71 2,73JB MulticooperationAZI JBCommodity-USD B mmmmm -5,51 -5,05 -0,81BIL StrategyBalanced B mmmmm 14,34 8,69 7,06BIL StrategyBalanced B($) mmmmm 35,31 14,05 10,57BIL StrategyBalanced B(Chf) mmmmm 26,71 12,13 11,04BIL StrategyIncomeB mmmmm 10,03 6,11 5,51BIL StrategyIncomeB($) mmmmm 32,84 11,69 8,83BIL StrategyIncomeB(Chf) mmmmm 22,09 9,06 9,24JB MultilabelFLE Artemide B mmmmm 4,16 7,89 —JB MultistockARU JBEFAbs Ret Eur-EUR B mmmmm 3,37 2,49 —AEU JBEFEuro Value-EUR B mmmmm 6,26 21,68 10,52AEU JBEFEurope Focus-EUR B mmmmm 17,12 14,94 7,48AZI JBEFHealth Innov-USD B mmmmm 83,17 — —AAP JBEFJapan-JPY B mmmmm 53,98 20,75 12,53ABC JBEFLuxury Brands-EUR B mmmmm 24,45 13,48 15,90

jupiter assetmgmt ltdAEU JupiterEuropean Growth L mmmmm 35,28 22,81 16,44

kairosinter. sicavAAL KIS -America P mmmmm 11,66 13,56 9,20OEP KIS -Bond P mmmmm 5,58 6,44 4,06OEP KIS -Bond P Usd mmmmm 35,90 14,13 —OIN KIS -Bond Plus P mmmmm 6,22 9,44 —APE KIS -Em. MarketsP mmmmm 14,42 7,93 2,58ARU KIS -Multi-St.UCITSP mmmmm 6,21 4,83 2,39AEU KIS -SmallCap P mmmmm 7,86 8,54 5,37

lemanik sicavAAP AsianOppCap RetEur mmmmm 43,60 25,58 15,10AEU High Growth Cap Retail mmmmm 11,50 30,73 11,72BIL Italy Cap Retail mmmmm 6,09 16,72 5,48OIN SelectedBd Dist RetEur mmmmm 3,21 10,08 —

luxicav sicavAEU AzionarioEuropa B mmmmm 6,27 16,22 2,20

m&ginter. invest. ltdM&G DynamicAllocation FundFLE DynamicAllocationA mmmmm 17,64 10,17 7,08

mediolanum inter. f.CH - Challenge Funds - Classi MediolanumABC Counter CyclEq L mmmmm 38,57 19,91 14,28ABC CyclicalEq L mmmmm 33,66 19,08 13,06APE Emerg.MktsEq. L mmmmm 28,18 6,41 3,87APE Emerg.MktsEq. S mmmmm 27,54 5,86 3,34AEN Energy Eq.L mmmmm 11,76 6,57 4,05OEU EuroBd L-A mmmmm 11,70 8,18 4,98OEU EuroIncomeL-A mmmmm 0,03 0,80 0,75AEU EuropeanEq.L mmmmm 19,20 15,27 8,23AEU EuropeanEq.S mmmmm 18,61 14,68 7,66AZI Financial Eq.L mmmmm 28,87 18,12 7,49FLE FlexibleL-A mmmmm 3,66 3,05 -0,75


1anno 3 anni 5anni


1anno 3 anni 5anni



FLE FlexibleS-A mmmmm 3,25 2,63 -1,16AEU GermanyEq. L mmmmm 17,38 15,70 9,22OIN InternBd L-A mmmmm 24,49 2,60 4,76OIN InternBd L-ACop mmmmm 5,78 1,07 2,79OIN InternIncL-A mmmmm 20,54 1,67 1,92AZI InternationalEq L mmmmm 31,75 16,81 10,41AZI InternationalEq S mmmmm 31,21 16,33 9,94AEU Italian Eq.L mmmmm 6,12 20,48 5,46AEU Italian Eq.S mmmmm 5,59 19,85 4,92LAM Liquid.US$ S mmmmm 27,34 6,21 3,47LEE LiquidityEuroL mmmmm 0,48 0,26 0,46LEE LiquidityEuroS mmmmm 0,37 0,14 0,33AAL NorthAmer. Eq. L mmmmm 37,18 19,60 13,80AAP Pacific Eq.L mmmmm 35,79 13,68 7,19FLE Solidity& ReturnS-A mmmmm 3,90 4,52 2,50AEU SpainEq. L-A mmmmm 12,83 21,64 6,29AZI TechnologyEq. L mmmmm 41,70 18,10 11,92MediolanumBest BrandsAZI BlackRockGlb L mmmmm 30,81 14,92 8,73AZI BlackRockGlb L cop mmmmm 15,66 11,08 6,00AZI BlackRockGlb S mmmmm 30,30 14,46 8,29AZI BlackRockGlb S cop mmmmm 15,15 10,63 5,57FLE Coupon Strat.Coll LA mmmmm 23,60 11,65 —FLE Coupon Strat.Coll LA cop mmmmm 11,74 8,46 —FLE Coupon Strat.Coll LB mmmmm 21,14 8,92 —FLE Coupon Strat.Coll LB cop mmmmm 9,37 5,73 —FLE Coupon Strat.Coll SA mmmmm 23,09 11,20 —FLE Coupon Strat.Coll SA cop mmmmm 11,08 7,93 —FLE Coupon Strat.Coll SB mmmmm 20,69 8,49 —FLE Coupon Strat.Coll SB cop mmmmm 8,85 5,27 —AZI DWSMegaTrend Sel L mmmmm 34,60 13,87 —AZI DWSMegaTrend Sel Lcop mmmmm 17,33 9,48 —APE EmMkts Coll L mmmmm 25,33 6,26 4,34APE Em. MktsColl S mmmmm 24,70 5,73 3,82AZI Eq.Power Coup. Coll L mmmmm 23,06 11,99 8,27AZI Eq.Power Coup. Coll S mmmmm 22,57 11,55 7,83OEU EuroFixedIncomeL B mmmmm 0,57 0,80 0,63AEU EuropeanColl L mmmmm 24,26 15,69 10,22AEU EuropeanColl Lcop mmmmm 19,68 14,18 8,66AEU EuropeanColl S mmmmm 23,65 15,10 9,67AEU EuropeanColl Scop mmmmm 19,07 13,62 8,14FLE F.TempletonEMSel L mmmmm 25,43 7,56 —FLE F.TempletonEMSel S mmmmm 24,95 7,13 —OIN Glb High Yield cop LA mmmmm 1,85 4,12 4,65OIN Glb High Yield cop SA mmmmm 1,17 3,64 4,26OIN Glb High Yield cop SB mmmmm -0,51 2,02 3,19OIN Glb High Yield LA mmmmm 27,94 11,03 8,81OIN Glb High Yield LB mmmmm 25,69 9,41 7,85OIN Glb High Yield SA mmmmm 27,54 10,69 8,49OIN Glb High Yield SB mmmmm 25,28 9,07 7,63AZI Glb Tech Coll L mmmmm 40,93 15,00 11,30AZI JPMorganGlb L mmmmm 32,81 16,61 9,92AZI JPMorganGlb Lcop mmmmm 17,35 12,82 7,28AZI JPMorganGlb S mmmmm 32,29 16,14 9,47AZI MStanleyGlb L mmmmm 33,45 16,51 11,95AZI MStanleyGlb Lcop mmmmm 24,08 14,07 9,92AZI MStanleyGlb S mmmmm 32,91 16,03 11,50AZI MStanleyGlb Scop mmmmm 23,61 13,56 9,42AAP Pacific Coll L mmmmm 37,28 12,59 6,27FLE PimcoInflat StratSel L mmmmm 3,08 2,10 —FLE PimcoInflat StratSel S mmmmm 2,78 1,79 —FLE PremiumCoup.Coll L mmmmm 14,79 7,35 4,92FLE PremiumCoup.Coll Lcop mmmmm 8,81 5,52 3,76

FLE PremiumCoup.Coll S mmmmm 14,42 7,02 4,61FLE PremiumCoup.Coll Scop mmmmm 8,31 5,17 3,42AAL USCollection L mmmmm 37,51 18,19 12,50PortfolioFund - Classi MediolanumAZI Active100 S mmmmm 28,31 13,92 8,19BIL Active80 S mmmmm 23,59 10,22 6,35LEE LiquiditySA mmmmm 0,49 0,30 0,50

mfsinvest. mgmtAAP Asiaex-Japan A1($) mmmmm 35,28 12,78 9,88OEM Emerg.MktsDebt A1($) mmmmm 33,73 11,38 10,23APE Emerg.MktsEquity A1($) mmmmm 26,69 5,17 4,54AEU Europ.Smaller Comp.A1 mmmmm 29,99 22,17 19,67AEU EuropeanRes. A1 mmmmm 26,85 19,88 13,32AEU EuropeanValueA1 mmmmm 31,66 20,85 14,92AZI GlobalConcentratedA1($) mmmmm 39,55 23,57 16,06AZI GlobalEquity A1 mmmmm 36,59 21,68 15,38AZI GlobalEquity A1($) mmmmm 36,69 21,99 15,59OAM Glb High Yield FundA1($) mmmmm 31,60 13,90 11,62AZI GlobalResearchA1($) mmmmm 35,46 18,62 —BIL GlobalTotal ReturnA1 mmmmm 32,37 15,29 11,41OIN Inflat-AdjustedBond A1($) mmmmm 31,20 6,29 7,44OAM LimitedMaturity A1($) mmmmm 29,02 7,83 5,52BIL PrudentWealth A1($) mmmmm 33,80 15,59 —OAM ResearchBond A1($) mmmmm 34,45 10,61 8,74AAL USConc. Growth A1($) mmmmm 41,00 21,31 15,63OAM USGovernmentBd A1($) mmmmm 33,77 8,53 7,11AAL ValueA1($) mmmmm 40,64 23,17 15,65

morganstanley invest. mgmt ltdAZI AsianProperty mmmmm 39,44 17,39 11,72FLE Diversified Alpha Plus mmmmm -4,42 5,79 3,97FLE Diversified Alpha Plus mmmmm -5,40 4,74 2,95OEM EmergingMktsCorp Dbt mmmmm 33,77 12,94 —OEM EmergingMktsDebt mmmmm 28,98 8,40 7,86OEM EmergingMktsDebt mmmmm 30,28 9,48 8,93OEM EmergingMktsDom. Debt mmmmm 13,34 -0,34 1,31APE EmergingMktsEquity mmmmm 31,24 10,10 7,09APE EmEurop,M-East&Africa Eq mmmmm 20,92 9,17 4,37APE EmEurop,M-East&Africa Eq mmmmm 22,12 10,24 5,39OEU EuroBond mmmmm 8,27 6,40 4,50OEU EuroBond mmmmm 9,26 7,44 5,54OEU EuroCorporateBond mmmmm 5,10 7,27 4,75OEU EuroCorporateBond mmmmm 6,15 8,35 5,80OEU EuroStrategicBond mmmmm 8,10 7,00 4,99OEU EuroStrategicBond mmmmm 9,17 8,06 6,05OEP Europ.Curr.HighYield Bd mmmmm 3,89 9,70 7,14OEP Europ.Curr.HighYield Bd mmmmm 4,98 10,81 8,21AEU EuropeanEquityAlpha mmmmm 21,61 16,72 11,23AEU EuropeanEquityAlpha mmmmm 22,84 17,89 12,35AZI EuropeanProperty mmmmm 37,50 24,13 14,94AEU Eurozone EquityAlpha mmmmm 19,76 21,32 10,63AEU Eurozone EquityAlpha mmmmm 21,05 22,54 11,78BIL GlobalBalancedRC mmmmm 19,08 9,53 —OIN GlobalBond mmmmm 22,26 6,89 5,93OIN GlobalBond mmmmm 23,51 7,95 6,98AZI GlobalBrands mmmmm 4,33 7,53 9,63AZI GlobalBrands mmmmm 5,37 8,61 10,72AZI GlobalBrands mmmmm 34,53 15,87 15,19AZI GlobalBrands mmmmm 34,78 16,10 15,40AZI GlobalBrands mmmmm 35,90 17,04 16,35OCO GlobalConvertib.Bd mmmmm 6,39 8,44 5,68OCO GlobalConvertible Bond mmmmm 37,14 16,55 10,66


1anno 3 anni 5anni


1anno 3 anni 5anni



OIN GlobalFIOpport. mmmmm 29,63 12,69 —OIN GlobalFIOpport. mmmmm 30,94 13,82 —AZI Global Infrastructure mmmmm 42,76 23,67 —AZI Global Infrastructure mmmmm 41,35 22,43 —AZI GlobalProperty mmmmm 41,75 19,97 14,63APE IndianEquity mmmmm 78,58 22,17 8,33APE IndianEquity mmmmm 80,37 23,39 9,42APE LatinAmerican Equity mmmmm 4,60 -3,45 -1,86OEU Short MaturityEuro Bond mmmmm 0,39 1,53 1,49OEU Short MaturityEuro Bond mmmmm -0,57 0,54 0,50AAL USAdvantage mmmmm 18,01 15,64 14,27AAL USAdvantage mmmmm 50,53 23,24 18,72AAL USAdvantage mmmmm 50,83 23,50 18,94AAL USAdvantage mmmmm 52,04 24,49 19,92AAL USGrowth mmmmm 16,81 17,35 13,90AAL USGrowth mmmmm 49,18 25,13 18,49AAL USGrowth mmmmm 50,68 26,40 19,70AZI USProperty mmmmm 50,19 18,50 16,11

nefAPE AzionarioEEMEA mmmmm 19,78 1,80 -0,43AEU AzionarioEuro mmmmm 15,25 20,86 11,31AZI AzionarioGlobale mmmmm 38,00 18,65 9,22APE AzionarioPaesi Emergenti mmmmm 34,24 8,85 11,59AAL AzionarioStati Uniti mmmmm 47,16 23,71 13,44FLE Flessibile mmmmm 11,87 6,88 2,29AZI Immobiliare mmmmm 14,41 10,48 8,51OEU Obbligaz.Breve Termine mmmmm 1,39 2,02 1,66OEU Obbligaz.Euro mmmmm 7,36 5,83 4,12OEU Obbligaz.EuroCorporate mmmmm 5,74 4,56 4,02OIN Obbligaz.Globale mmmmm 23,14 9,13 6,26OEM Obbligaz.Paesi Emergenti mmmmm 5,84 3,44 4,96

new millenniumsicavOEU Augustum CorporateBond mmmmm 5,71 8,33 5,41OEU Augustum High Qual.Bond mmmmm 3,33 4,15 3,14OEP LargeEurope Corporate mmmmm 3,70 5,26 4,31

pharmawhealth manag. company s.a.AZI Pharma/wHealth($) mmmmm 59,33 33,07 20,04

pimco funds: global investor series plcAZI CommPLUSTMStrE($) mmmmm -5,21 -3,11 -1,07OIN DiversInc EDis($) mmmmm 33,41 12,31 10,69OIN DiversInc EEur hdgAcc E mmmmm 3,51 4,47 5,90OIN DiversInc Ehdg mmmmm 3,58 4,50 5,91OIN DiversInc E($) mmmmm 33,43 12,29 10,69OEM EmLocal Bd EAcc unh mmmmm 13,87 1,41 3,46OEM EmLocal Bd EAcc($) mmmmm 13,82 1,44 3,45OEM EmMkts Bd EAcc($) mmmmm 30,56 9,99 9,81OEM EmMkts Bd EEur hdgAcc mmmmm 1,26 2,25 4,96OEM EmMkts Bd E($) mmmmm 30,54 9,99 9,81OEM EmMkts CorpBd E mmmmm -0,08 2,51 3,49APE EqS EmMkts FdE unh mmmmm 33,53 7,26 —AEU EqS Pathfinder Eu E mmmmm 23,11 15,68 —AZI EqS Pathfinder FdE mmmmm 13,18 11,75 —OEU EuroBond E mmmmm 10,46 8,32 6,71OEU EuroBond EAcc mmmmm 10,40 8,32 6,71OEU EuroCredit E mmmmm 7,69 6,12 —OEU EuroInc.Bd E mmmmm 3,34 7,23 —OEU EuroInc.Bd E mmmmm 3,38 7,23 —OEU EuroS.-Term EAcc mmmmm 1,14 1,06 0,84OIN Glb Bd EAcc CE($) mmmmm 24,40 7,58 —

OIN Glb Bd EAcc hdg mmmmm 7,75 4,99 5,88OIN Glb Bd EAcc($) mmmmm 38,68 12,70 10,48OIN Glb Bd Ex-US E($) mmmmm 40,49 14,30 11,17OIN Glb H.YBd E($) mmmmm 32,23 14,51 11,75OIN Glb H.Y. Bd EAcc($) mmmmm 32,14 14,49 11,74OIN Glb H.Y. Bd Ehdg Acc mmmmm 2,62 6,55 6,85OIN Glb InvGrCr.E Acc hdg mmmmm 6,41 4,92 5,45OIN Glb InvGrCr.E Acc($) mmmmm 37,05 12,67 10,09OIN Glb InvGrCr.E hdg mmmmm 6,40 4,94 —OIN Glb InvGrCr.E($) mmmmm 36,97 12,65 10,08BIL Glb Multi-AssetEAcc hdg mmmmm 14,79 2,91 3,28BIL Glb Multi-AssetEAcc($) mmmmm 43,56 9,68 7,70OIN Glb RealRetE Acchdg mmmmm 6,69 2,38 4,50OIN Glb RealRetE Acc($) mmmmm 37,58 9,98 9,11OIN GlobalBond E($) mmmmm 38,55 12,69 10,46OAM H.Y. Bd EAcc hdg mmmmm 3,21 6,33 6,77OAM H.Y. Bd EAcc($) mmmmm 32,84 14,25 11,65OAM H.Y. Bd E($) mmmmm 32,83 14,23 11,63OAM LowAvg Durat.E Acc hdg mmmmm 0,55 0,70 1,19OAM LowAvg Durat.E Acc($) mmmmm 29,60 8,20 5,72OAM LowAvg Durat.E($) mmmmm 29,61 8,19 5,72AAL StocksPLUSE($) mmmmm 46,15 26,24 19,03OAM T.R. Bd EAcc hdg mmmmm 3,87 2,09 3,18OAM T.R. Bd EAcc($) mmmmm 33,77 9,67 7,74OAM T.R. Bd E($) mmmmm 33,79 9,66 7,75OIN UnconstrainedBd E mmmmm 0,35 0,55 1,27OIN UnconstrainedBd E($) mmmmm 29,24 8,01 —OIN UnconstrainedBd E($) mmmmm 29,26 7,98 —

pioneer assetmgmt s.a.Pioneer FundsARU AbsolutRet.Bond E mmmmm -2,53 -0,32 -0,43ARU AbsolutRet.M.Str. E mmmmm 5,71 5,16 2,87ARU AbsolutReturn Curr. E mmmmm 4,04 1,53 0,68AAP Asia(ex Japan)Eq. E mmmmm 49,02 14,94 7,69APE China Eq.E mmmmm 82,71 24,04 —APE China Eq.F mmmmm 81,33 23,11 —AEU Core Europ.Eq. E mmmmm 24,49 17,76 11,71APE Em. Eur.Med. Eq. E mmmmm 11,94 -1,04 -1,64OEM Em. Mark.Bond LCE mmmmm 13,49 2,28 3,35OEM Em. Mark.Bond LCF mmmmm 12,83 1,67 2,73OEM Em. Mark.Corp. B. 2016E mmmmm -0,98 2,97 —OEM Em. MktsBond E mmmmm 30,11 12,73 10,82OEM Em. MktsBond F mmmmm 29,32 12,04 9,90APE Em. MktsEq. E mmmmm 28,31 6,77 2,93APE Em. MktsEq. F mmmmm 27,33 5,97 2,16OEU EuroAggr.Bond E mmmmm 8,90 7,53 6,11OEU EuroAggr.Bond E D. mmmmm 8,89 7,53 —OEU EuroAggr.Bond F mmmmm 8,46 7,10 5,69OEU EuroAggr.Bond F D. mmmmm 8,47 7,10 —OEU EuroAggreg. Bond EDT mmmmm 8,90 6,10 —OEU EuroBond E mmmmm 10,71 8,51 6,14OEU EuroBond F mmmmm 10,11 7,91 5,56OEU EuroCash Plus E mmmmm 0,10 1,21 1,41OEU EuroCorp. Short T.E mmmmm -0,41 1,87 1,60OEU EuroCorp. Short T.F mmmmm -0,77 1,51 1,24OEU EuroCorpor.Bond E DT mmmmm 3,63 5,40 —OEU EuroCorporateBond E mmmmm 5,63 7,04 5,73OEU EuroCorporateBond F mmmmm 4,57 5,84 4,71OEU EuroH. Y.E mmmmm 3,23 9,30 7,33OEU EuroH. Y.F mmmmm 2,61 8,65 6,69OEU EuroHigh Yield E DT mmmmm 0,56 5,25 —LEE EuroLiquidityE mmmmm -0,29 -0,05 —


1anno 3 anni 5anni


1anno 3 anni 5anni



LEE EuroShort T. E mmmmm -0,96 0,15 0,53LEE EuroShort T. F mmmmm -1,31 -0,21 0,18OEU EuroStrat.Bond E D. mmmmm 4,42 6,29 —OEU EuroStrat.Bond E DT mmmmm 0,98 2,70 —OEU EuroStrat.Bond F DT mmmmm 1,00 2,71 —OEU EuroStrategicBond E mmmmm 4,42 6,29 5,49OEU EuroStrategicBond F mmmmm 3,81 5,66 4,86AEU EurolandEquity E mmmmm 16,54 21,48 12,20AEU EurolandEquity F mmmmm 15,66 20,23 11,17AEU Europ.Eq Income ED mmmmm 19,05 15,39 —AEU EuropeanEq.Value E mmmmm 23,29 21,85 11,39AEU EuropeanPotentialE mmmmm 28,25 25,81 17,52AEU EuropeanPotentialF mmmmm 26,36 24,42 16,38AEU EuropeanResearchE mmmmm 24,09 19,11 12,48AZI Glb Eq.Tar. IncomeE mmmmm 30,07 18,29 11,07OIN GlobalAggr.Bond E mmmmm 20,57 6,57 6,71OIN GlobalAggr.Bond E DT mmmmm 19,49 5,18 —AAB GlobalEcology E mmmmm 23,55 21,57 11,49OIN GlobalHigh Yield E mmmmm 26,03 12,66 10,44OIN GlobalHigh Yield EDT mmmmm 22,36 7,79 —BIL GlobalMulti Asset E mmmmm 24,64 11,74 —AZI GlobalSelectE mmmmm 41,76 22,54 13,39OIN HY&Em.M.BdOpp.2015E mmmmm -1,44 4,46 —APE IndianEquity E mmmmm 60,78 16,57 4,86APE IndianEquity F mmmmm 59,55 15,69 4,07AEU Italian EquityE mmmmm 7,21 20,07 5,11AAP JapaneseEq. E mmmmm 49,93 16,99 7,75AAP JapaneseEq. EHed mmmmm 35,65 22,07 —AAL NorthAmerican Bas. Val. E mmmmm 46,46 23,58 15,03OIN StrategicIncomeE mmmmm 31,67 12,08 9,79OIN StrategicIncomeE D. mmmmm 31,65 12,07 —OIN StrategicIncomeE DT mmmmm 28,82 8,61 —OIN StrategicIncomeE Hed. mmmmm 1,90 4,22 4,94AEU TopEurop. Play. E mmmmm 26,48 19,27 13,56AEU TopEurop. Play. F mmmmm 25,18 18,27 12,65OAM U.S.Dollar Aggregate Bd E mmmmm 33,16 11,23 9,26LAM U.S.Dollar Short T. E mmmmm 28,88 8,98 6,34LAM U.S.Dollar Short T. F mmmmm 28,43 8,60 5,97AAL U.S.Fundam. Growth E mmmmm 49,62 24,31 20,07AAL U.S.Fundam. Growth F mmmmm 48,50 23,39 19,17AAL U.S.Pioneer FundE mmmmm 41,82 22,42 14,82AAL U.S.Pioneer FundE Hed. mmmmm 10,53 13,86 9,28AAL U.S.Pioneer FundF mmmmm 40,76 21,48 13,95AAL U.S.Res. Value E mmmmm 40,09 21,29 14,44AAL U.S.Research E mmmmm 42,04 21,72 16,44AAL U.S.Research EHed. mmmmm 10,69 13,20 10,83AAL U.S.Research F mmmmm 40,97 20,85 15,56AAS UsMidCap ValueE mmmmm 39,85 22,63 14,67Pioneer SFOEU EuroCurve1-3y E mmmmm 0,03 1,31 1,20OEU EuroCurve10+y E mmmmm 29,07 16,83 10,79OEU EuroCurve3-5y E mmmmm 2,60 3,87 3,20OEU EuroCurve3-5y F mmmmm 2,04 3,30 2,63OEU EuroCurve7-10y E mmmmm 12,08 9,94 6,60Pioneer SSFFOR Bric03/12/2015 E mmmmm 3,64 3,56 —FOR Bric15/12/2015 E mmmmm 2,95 3,10 —FOR Bric4/12/2015 E mmmmm 1,92 3,19 —OEU Obb.Euro 02/2016E mmmmm -0,97 2,56 —OEU Obb.Euro 02/2017E mmmmm 2,82 5,60 —OEU Obb.Euro 03/2016E mmmmm 1,55 2,35 —OEU Obb.Euro 03/2017E mmmmm 3,18 4,83 —OEU Obb.Euro 05/2016E mmmmm -1,08 2,06 —

OEU Obb.Euro 06/2016E mmmmm 1,88 2,97 —OEU Obb.Euro 08/2016E mmmmm 2,05 4,13 —OEU Obb.Euro 09/2015E mmmmm -0,92 1,47 —OEU Obb.Euro 11/2015E mmmmm 1,12 2,44 —OEU Obb.Euro 12/2015E mmmmm -0,75 1,72 —OEU Obb.Euro Più02/2016 E mmmmm -1,03 2,72 —OEU Obb.Euro Più03/2016 E mmmmm -1,26 1,81 —OEU Obbl.Euro 05/2015E mmmmm -1,49 0,72 —

planetarium fundAAL AmericanSelection($) mmmmm 47,60 21,29 9,89ARU AnthiliaBlue A mmmmm 9,99 5,51 2,68FLE AnthiliaRed A mmmmm 13,91 10,78 5,05ARU AnthiliaWhite A mmmmm 2,45 3,20 —OAM DollarBonds A($) mmmmm 31,40 10,33 7,62OEU Eurocurrencies BondsA mmmmm 3,44 4,76 3,64FLE Flex90A mmmmm 10,35 9,39 6,10AEU FundamentalEurop. Sel. A mmmmm 23,69 19,13 9,88

popso (suisse) invest. fund sicavOEU EuroBond mmmmm 5,07 4,40 3,39OCO GlobalConvertible Bd mmmmm 7,91 8,69 5,98OEU GlobalCorporateBd mmmmm 4,76 4,13 3,40OEU Short MaturityEuro Bond mmmmm 1,31 1,94 1,50OIN TotalReturn Bond mmmmm 3,16 2,52 —OAM UsaDollar Bond ($) mmmmm 28,86 7,26 5,05

rinascimentosicavAEU Augustum GAMES mmmmm 19,37 16,87 8,80

robeco samAZI RobecoSAMHeal LivEUR/B mmmmm 41,80 24,13 14,90AZI RobecoSAMMaterialEUR/B mmmmm 29,96 14,62 12,93AAB RobecoSAMS.WaterEUR/B mmmmm 30,99 21,49 11,66AEN RobecoSAMSmEnergy EUR/B mmmmm 28,05 11,64 3,46

roveresicavBIL Bil.Multi-Assets RC mmmmm 18,34 9,05 4,54BIL Bilanciato Obblig.RC mmmmm 7,93 5,74 2,82OEU Obbl. B.TermineRC mmmmm 1,27 1,75 1,65

symphonia lux sicavFLE SymphoniaAltoValore mmmmm 11,15 9,49 3,92AZI SymphoniaBestvalue mmmmm 13,32 — —BIL SymphoniaComb.Div. mmmmm 13,50 13,90 5,90

ubipramericaUBI SicavAAP AsiaPacific Eq.-R mmmmm 43,64 16,49 10,47OEU CedolaCer2012-15-R mmmmm 1,26 4,83 —OEU CedolaCer2013-16-R mmmmm 1,92 7,13 —OEM EmergingMarket Bd.-R mmmmm 16,49 2,74 —APE EmergingMktsEq.-R mmmmm 33,41 8,37 5,89OEU EuroCorp. Bond-R mmmmm 4,81 5,87 4,23OEU EuroFixedInc.-R mmmmm 10,65 6,66 4,25BIL GlobalDyn.All.-R mmmmm 18,75 9,88 —OAM High Yield Bond-R mmmmm 1,79 5,82 6,50OEU Short TermEUR R mmmmm 0,62 1,40 0,56

vontobel invest. fundsARU AbsRet Bd mmmmm 5,40 2,69 1,75ARU Abs. Return Bd mmmmm 5,45 2,71 1,77ARU Abs. Return Bd (Chf) mmmmm 23,28 7,28 7,84


1anno 3 anni 5anni


1anno 3 anni 5anni



ARU Abs. Return Bd (Chf) mmmmm 23,35 7,30 7,86AZI BelvistaComm. mmmmm -29,42 -13,01 -7,73AZI BelvistaComm. ($) mmmmm -8,70 -6,17 -2,98APE China StarsEq ($) mmmmm 90,62 24,83 14,80OEM EasternEuropean Bd mmmmm 8,93 2,78 1,57APE EmergingMktsEq mmmmm 4,71 1,62 6,74APE EmergingMktsEq ($) mmmmm 34,30 8,89 11,63APE EmergingMktsEq ($) mmmmm 35,11 9,55 12,30OEU EURCorp Bd Mid Yield mmmmm 9,24 9,20 6,86OEU EURCorp Bd Mid Yield mmmmm 9,24 9,20 6,87OEU EuroBd mmmmm 12,59 9,04 6,02LEE EuroMoney mmmmm 0,36 0,46 0,90AEU Europ.Equity mmmmm 26,39 16,01 13,55APE FarEastEq ($) mmmmm 46,67 16,26 13,40AZI GlbEquity mmmmm 7,92 9,29 9,78AZI GlbEquity($) mmmmm 39,42 17,93 15,96AZI GlbEquityEx-US ($) mmmmm 32,05 14,17 12,08

AEN NewPower mmmmm 18,77 16,65 6,34APE SustEm. Mkts Leaders($) mmmmm 46,41 12,99 —OEP SwissFranc Bd (Chf) mmmmm 22,94 7,90 9,67AEU SwissMid&SmCapEq (Chf) mmmmm 31,76 24,69 14,70LEE SwissMoney (Chf) mmmmm 18,00 5,45 7,02FLE TargetReturn Def. mmmmm 4,07 2,59 —LAM USDollar Money($) mmmmm 28,88 7,71 4,77AAL USEquity ($) mmmmm 43,65 22,60 19,18

zenit multistrategy sicavAEU StockPicking I mmmmm 3,14 23,05 6,92

zest asset mgmt sicavARU AbsoluteReturn VaR4 mmmmm 6,00 5,21 3,96FLE DynamicOpp. mmmmm 1,27 -2,52 0,03ARU GlobalStrategyR mmmmm 1,96 0,52 2,68OIN ZEST GlobalValueR1 mmmmm 3,95 3,77 3,28


1anno 3 anni 5anni


1anno 3 anni 5anni


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

1 DanskeInvest InvesteringsforeningenDK0010264456(DNK) 50,11 31,35 25,16

2 OpenDoor Investment Management(US) LtdBMG605411021 (BMU) 33,65 14,12 24,43

3 FrostrowCapital LLPGB0000385517(GBR) 55,36 41,64 23,43

4 First StateInvestments (Hong Kong) LtdIE0008369930(IRL) 32,67 20,79 22,34

5 Erste Sparinvest Kapitalanlagesellschaft mbHAT0000746748(AUT) 50,77 35,57 20,95


7 AXA InvestmentManagers UK LtdGB0031007254(GBR) 53,55 35,16 19,85

8 DNBAsset Management ASNO0010337678(NOR) 27,81 19,01 19,72

9 ValuePartners LimitedKYG9317Q1047(CYM) 24,97 14,04 18,88

10 CCR Asset Management SAFR0007028063(FRA) 49,20 31,19 18,66

11 SVLife Sciences Managers LLPGB0004559349(GBR) 52,83 36,83 18,57

12 HSBCInvestmentFunds (Hong Kong) LimitedKYG4642D3573 (CYM) 28,76 14,92 18,44

13 DeutscheAsset & Wealth Management InvestmentGmbHDE0009769976(DEU) 51,80 35,46 18,42

14 Aberdeen Asset ManagersLimitedGB0000059971(GBR) 21,57 27,24 18,26

15 First StateInvestment Management(UK) LimitedGB0007836132(GBR) 17,66 19,91 18,14

16 ValuePartners LimitedKYG9317Q1120(CYM) 22,76 14,20 17,94

17 ComgestAsset Management International LtdIE00B03DF997(IRL) 21,19 9,63 17,67

18 First StateInvestments (Hong Kong) LtdIE0031814852 (IRL) 21,47 15,63 17,32

19 FrostrowCapital LLPGB0003385308 (GBR) 43,93 29,79 17,30

20 BaillieGifford & CoLtdGB00BLDYK618(GBR) 33,10 24,30 17,29

21 JyskeInvest InvesteringsforeningenDK0010293554(DNK) 18,76 11,41 17,08

22 LindsellTrain LtdGB0031977944(GBR) 34,55 27,60 16,97

23 Allianz GlobalInvestors IrelandLtdIE0002817751(IRL) 23,07 12,47 16,90

24 Standard Life Investments LimitedGB0002959582(GBR) 17,89 22,31 16,86

25 Wellington ManagementCompany LLPIE00B0590K11(IRL) 42,30 28,39 16,82

26 JyskeInvest International InvesteringsforeningDK0016262801(DNK) 18,02 10,74 16,74

27 Aberdeen Asset ManagersLimitedGB0000100767(GBR) 12,59 21,40 16,61

28 Allianz GlobalInvestors GmbH -FrankfurtDE0008481862(DEU) 42,23 28,58 16,59

29 BaringInternational Fund Managers (Ireland)LtdIE0000829238(IRL) 19,94 10,28 16,51

30 EnhancedInvestment Products(Cayman) LimitedMU0165S00110(MUS) 22,84 11,69 16,49

31 ValuePartners LimitedKYG931731056(CYM) 22,41 16,31 16,45


33 LansforsakringarFondforvaltning ABSE0000837338(SWE) 28,23 22,52 16,33

34 VanguardGroup (Ireland) LimitedIE00B03HCW31(IRL) 35,34 23,07 16,32

35 ValuePartners LimitedKYG9316N1025 (CYM) 24,94 14,92 16,25

36 ValuePartners LimitedKYG9317M1033 (CYM) 23,84 15,14 16,16

37 DNBAsset Management AS(Sweden)SE0000432809(SWE) 28,05 20,64 16,15

38 LB(Swiss) InvestmentAGCH0019597530(CHE) 23,81 18,90 16,12

39 BlackRock Asset ManagementDeutschland AGDE000A0H08E0(DEU) 20,17 18,00 16,07

40 AIMSAsset ManagementSdb BhdVGG0411N1050(VGB) 17,08 19,67 16,05

41 Prosperity CapitalManagement LimitedKYG7273W1078(CYM) -2,32 0,61 16,02


43 LanneboFonder ABSE0000740698(SWE) 25,11 18,71 15,96

44 HandelsbankenFonder ABSE0000356065(SWE) 26,18 20,39 15,95

45 DanskeInvest InvesteringsforeningenDK0015710602(DNK) 9,19 9,62 15,95

46 SemperConstantia Invest GmbHAT0000831425(AUT) 8,55 6,65 15,95


48 HaitongInternational InvestmentManagers LimitedHK0000116332(CYM) 18,17 7,48 15,91

49 Jupiter Asset ManagementLtdGB0000197722(GBR) 30,81 26,43 15,82

50 PictetAsset Management SACH0003299580(CHE) 27,73 17,29 15,79

51 VanguardGroup (Ireland) LimitedIE0034156459(IRL) 32,57 25,57 15,76

52 UBSFund Management (Switzerland) AGCH0011764310(CHE) 23,86 17,64 15,76

53 Henderson InvestmentFunds LtdGB0031860934(GBR) 23,93 12,87 15,66

54 DNBAsset Management AS(Sweden)SE0000432775(SWE) 23,74 18,65 15,60

55 BoutiqueCollective Investments (Pty) LtdKYG2939V1068(CYM) 22,36 11,74 15,57

56 Skandia FonderABSE0000810814(SWE) 23,95 18,69 15,55

57 DanskeInvest Engros InvesteringsforeningenDK0016057474(DNK) 9,13 9,70 15,54

58 Allan GrayInternational (Proprietary) LimitedBMG0177P1041(BMU) 11,26 11,49 15,50

59 SEBInvest InvesteringsforeningenDK0010260629(DNK) 28,97 18,35 15,50

60 FIL InvestmentServices (UK) LtdGB0003879185(GBR) 17,14 11,87 15,49

61 FIL InvestmentServices (UK) LtdGB0003371407(GBR) 16,76 11,98 15,39

62 JFIndia Management LimitedMU0129U00005(MUS) 19,62 9,45 15,37

63 InvescoFund Managers LtdGB0033028332(GBR) 26,80 14,82 15,33

64 BlackRock InvestmentManagement (UK) LimitedGB0006436108(GBR) 23,77 24,99 15,29


66 InvescoAsset Management LimitedGB0004535307(GBR) 18,98 14,91 15,25

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



la top 100 dei fondi esteri

67 THEAM SASFR0010018333 (FRA) 30,74 23,86 15,19

68 JyskeInvest InvesteringsforeningenDK0010303296 (DNK) 19,93 7,82 15,19

69 KotakMahindra (UK) LtdMU0164S00238(MUS) 23,57 10,52 15,17

70 BlackRock Asset ManagementDeutschland AGDE000A0Q4R28 (DEU) 30,51 23,90 15,11

71 InvescoGlobal Asset Management LimitedIE0003583568(IRL) 21,07 10,17 15,11

72 FrostrowCapital LLPGB0006674385(GBR) 29,43 19,00 15,10

73 EnhancedInvestment Products(Cayman) LimitedMU0166S00118(MUS) 18,30 6,84 15,06

74 EnterFonder ABSE0001172362(SWE) 21,32 14,87 14,99

75 DanskeInvest InvesteringsforeningenDK0010295336 (DNK) 21,45 12,74 14,94

76 Carnegie WorldWide InvesteringsforeningenDK0010249655(DNK) 30,40 17,36 14,88

77 FindlayPark Funds plcIE0002458671 (IRL) 24,42 18,80 14,85

78 Didner & GergeFonder ABSE0000428336 (SWE) 22,95 18,86 14,85

79 Old Mutual InvestmentManagement LtdGB00B1XG7999(GBR) 28,47 21,82 14,80

80 VontobelFonds Services AGCH0023568022(CHE) 24,84 16,00 14,77

81 FIL InvestmentsInternational LtdGB0003322319 (GBR) 19,72 13,79 14,77

82 PTCiptadana Asset ManagementBMG4762X1002(BMU) 2,43 6,97 14,74

83 Moneta Asset Management SASFR0000994980 (FRA) 28,88 16,63 14,73

84 BankInvest InvesteringsforeningenDK0010266741(DNK) 17,98 15,40 14,69

85 Henderson GlobalInvestors LtdGB0009065060(GBR) 32,46 28,28 14,68

86 Fondsfinans Kapitalforvaltning ASANO0010047194(NOR) 30,24 20,85 14,66

87 F&CManagementLimitedGB0000175058(GBR) 24,92 22,81 14,64

88 Aberdeen FundManagers LtdGB0033228197 (GBR) 9,14 9,12 14,63

89 EnterpriseInvestment ManagersLimitedMU0185S00159(MUS) 31,13 16,51 14,61

90 HandelsinvestInvesteringsforvaltning ASDK0016275977(DNK) 20,07 10,33 14,60

91 PremierAsset Management(Guernsey) LimitedGB0004829437 (GGY) 32,15 33,26 14,60

92 JyskeInvest International InvesteringsforeningDK0016270820 (DNK) 19,47 7,16 14,58

93 JyskeInvest InvesteringsforeningenDK0010240431(DNK) 20,87 14,04 14,58

94 EnterpriseInvestment ManagersLimitedMU0185S00167(MUS) 30,16 14,81 14,57

95 Swedbank Robur Fonder ABSE0000602302(SWE) 22,99 18,62 14,55

96 SydinvestInvesteringsforeningenDK0010169549(DNK) 20,99 13,85 14,52

97 AMF FonderABSE0001185000(SWE) 22,19 17,76 14,48

98 Old Mutual InvestmentManagement LtdGB00B1XG7F56(GBR) 21,77 14,34 14,47

99 Prosperity CapitalManagement LimitedKYG7276G1588(CYM) -4,80 1,67 14,45

100 SydinvestInvesteringsforeningenDK0010169465(DNK) -0,43 1,51 14,42

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 13.04 11,01 54,84 30,16 34,44BBRAlMeglioBilanciato mmmmm nnnnn 13.04 9,80 36,60 19,67 22,50OBRAlMeglioObbligaz. mmmmm nnnnn 13.04 9,10 18,36 13,16 11,77

ALLIANZInsiemeAZ LineaDinamica mmmmm nnnnn 21.04 28,49 77,96 58,21 68,64BB LineaSerena mmmmm nnnnn 21.04 15,86 48,45 34,65 42,61OBRLineaSicura mmmmm nnnnn 21.04 0,48 — 5,84 9,25BO LineaTranquilla mmmmm nnnnn 21.04 5,25 21,70 15,52 20,86L.A. PrevidenzaBB L.A. Previd. Bilanciata mmmmm nnnnn 15.04 4,83 45,73 18,09 14,33OBRL.A. Previd. Garantita mmmmm nnnnn 15.04 0,35 7,51 3,84 4,94BA L.A. Previd. Internaz. mmmmm nnnnn 15.04 8,47 48,81 29,62 20,31BOCL.A. Previd. Protetta mmmmm nnnnn 15.04 4,64 35,34 12,14 11,38PrevirasOBRLinea1 Obbligaz. mmmmm nnnnn 21.04 0,35 7,44 3,75 5,55BOCLinea2 Obb. Mista mmmmm nnnnn 21.04 7,64 32,95 19,96 23,72BB Linea3 Bilanciata mmmmm nnnnn 21.04 17,44 51,62 36,42 42,45AZ Linea4 Az. Int. mmmmm nnnnn 21.04 26,43 74,44 53,03 61,06

AMUNDI A. M.SecondaPensioneF.P.A.MO SPDifensiva mmmmm nnnnn 15.04 6,78 10,36 15,64 17,10AZ SPEspansione mmmmm nnnnn 15.04 23,65 56,82 47,88 43,92FLCSPGarantita mmmmm nnnnn 15.04 8,74 13,74 15,29 17,57BO SPProgressiva mmmmm nnnnn 15.04 16,02 40,54 33,92 36,28BO SPSicurezza mmmmm nnnnn 15.04 10,54 26,33 21,60 23,57BB SPSviluppo mmmmm nnnnn 15.04 21,47 50,23 44,13 43,65

ARCAArcaPrevidenzaAZ LineaAltaCrescita mmmmm nnnnn 31.03 14,99 — 44,29 65,65AZ LineaAltaCrescita C mmmmm nnnnn 31.03 15,48 — — —AZ LineaAltaCrescita R mmmmm nnnnn 31.03 16,02 — 47,77 71,17BB LineaCrescita mmmmm nnnnn 31.03 13,89 — 35,31 49,89BB LineaCrescita C mmmmm nnnnn 31.03 14,26 — — —BB LineaCrescita R mmmmm nnnnn 31.03 14,78 — 38,17 54,41MOCLineaGaranzia mmmmm nnnnn 31.03 0,01 3,33 2,55 5,08OBCLineaGaranzia C mmmmm nnnnn 31.03 0,20 3,33 — —MOCLineaGaranzia R mmmmm nnnnn 31.03 0,57 3,33 4,12 7,45FLCLineaObiettivo TFR mmmmm nnnnn 31.03 1,61 — 8,75 11,94OBCLineaObiettivo TFR C mmmmm nnnnn 31.03 1,94 — — —FLCLineaObiettivo TFR R mmmmm nnnnn 31.03 2,40 — 11,02 15,26BO LineaRendita mmmmm nnnnn 31.03 13,73 — 28,89 38,42OB LineaRendita C mmmmm nnnnn 31.03 14,10 — — —BO LineaRendita R mmmmm nnnnn 31.03 14,60 — 31,61 42,59

ASSIMOCO VITAF.P.A.Il MelogranoAZ LineaDinamica mmmmm nnnnn 15.04 15,39 55,54 35,50 30,80BB LineaEquilibrata mmmmm nnnnn 15.04 11,26 42,28 25,97 25,95BO LineaGarantita mmmmm nnnnn 15.04 7,55 20,32 18,71 18,81OB LineaPrudente mmmmm nnnnn 15.04 6,95 25,74 16,09 19,12

AVIVAAvivaBA L.Inv. Azionaria mmmmm nnnnn 15.04 18,44 — 50,06 52,00BB L.Inv. Bilanciata mmmmm nnnnn 15.04 15,65 — 40,69 42,35OB L.Inv.Gar.Rend.Mn.Pres mmmmm nnnnn 15.04 12,35 27,42 28,11 29,54BO L.Inv.Gar.Rest.Capitale mmmmm nnnnn 15.04 13,24 — 31,79 33,40BO L.Inv. Obbligazionaria mmmmm nnnnn 15.04 15,33 — 37,16 39,86

AvivaAss. V. UBI Prev.BA C.Aggressivo Cl.C mmmmm nnnnn 10.04 20,27 52,31 49,59 58,52BA C.Aggressivo Cl.I mmmmm nnnnn 10.04 19,76 56,05 47,67 55,15BOCC.Capital.Sicuro mmmmm nnnnn 10.04 1,76 7,53 6,19 4,59BB C.Dinamico Cl.C mmmmm nnnnn 10.04 17,40 38,68 35,77 44,86BB C.Dinamico Cl.I mmmmm nnnnn 10.04 17,10 42,56 34,70 42,94OB CompartoGarantito mmmmm nnnnn 10.04 0,43 6,50 3,62 3,36BO C.ModeratoCl.C mmmmm nnnnn 10.04 12,57 33,90 23,04 29,92BO C.ModeratoCl.I mmmmm nnnnn 10.04 12,52 29,06 22,84 29,57BO C.Prudente Cl.C mmmmm nnnnn 10.04 8,49 20,55 15,66 20,23BO C.Prudente Cl.I mmmmm nnnnn 10.04 8,46 20,55 15,57 20,06

AXAASSICURAZIONIMO Comp. Conservativo mmmmm nnnnn 20.04 -0,26 — -0,43 -0,25BA CompartoDinamico mmmmm nnnnn 20.04 20,14 65,39 37,44 38,13BO CompartoEquilibrato mmmmm nnnnn 20.04 13,98 46,68 28,07 30,18BORCompartoGarantito mmmmm nnnnn 20.04 0,95 7,96 4,75 5,86BO CompartoPrudente mmmmm nnnnn 20.04 11,09 30,23 24,71 27,99

AXAMPS ASSICURAZIONI VITAAxa MPSPrevidenza in AziendaBB LineaCombinata mmmmm nnnnn 31.03 18,46 47,48 39,81 51,98BO LineaEquilibrio mmmmm nnnnn 31.03 12,79 37,81 25,12 34,05BOCLineaSicura mmmmm nnnnn 31.03 1,25 6,27 3,14 3,41BA LineaSviluppo mmmmm nnnnn 31.03 22,28 52,85 51,06 65,51OB LineaTenuta mmmmm nnnnn 31.03 3,47 25,27 5,85 10,90Axa MPSPrevidenza perTeBA LineaCrescita mmmmm nnnnn 31.03 22,02 52,85 49,63 62,46BOCLineaGarantita mmmmm nnnnn 31.03 0,80 6,27 1,84 1,46BB LineaMista mmmmm nnnnn 31.03 17,88 47,48 38,05 48,85OB LineaMoneta mmmmm nnnnn 31.03 3,22 25,27 4,83 9,49BO LineaStabilità mmmmm nnnnn 31.03 12,41 37,81 23,80 32,27

AZIMUT PREVIDENZABA CompartoCrescita mmmmm nnnnn 31.03 11,45 — 30,68 24,09BA Comp. Crescita Cl.C mmmmm nnnnn 31.03 11,77 — — —BB CompartoEquilibrato mmmmm nnnnn 31.03 11,86 — 25,80 21,80BA Comp. EquilibratoCl.C mmmmm nnnnn 31.03 12,12 — — —BORCompartoGarantito mmmmm nnnnn 31.03 8,15 — 17,22 18,35BA CompartoObbligaz. mmmmm nnnnn 31.03 10,03 — — —BA Comp. Obbligaz.Cl.C mmmmm nnnnn 31.03 9,99 — — —BO CompartoProtetto mmmmm nnnnn 31.03 3,76 — 7,51 4,21BA Comp. ProtettoCl.C mmmmm nnnnn 31.03 3,91 — — —

BAP VITA E PREVIDENZABap Pensione2007BO LineaEquilibrio mmmmm nnnnn 31.03 7,09 31,52 17,76 16,19BO LineaEquilibrioA mmmmm nnnnn 31.03 7,50 31,52 19,28 19,21BA LineaInvestimento mmmmm nnnnn 31.03 11,53 41,69 31,82 25,46BA LineaInvestimento A mmmmm nnnnn 31.03 12,03 41,69 34,34 29,88OBRLineaTFR mmmmm nnnnn 31.03 1,56 11,61 4,05 4,95OBRLineaTFR A mmmmm nnnnn 31.03 2,58 11,61 6,19 8,24

BCC RISPARMIO & PREVIDENZAAZ Aureocomparto az. mmmmm nnnnn 31.03 14,31 61,73 36,95 50,76BB Aureocomparto bil. mmmmm nnnnn 31.03 10,40 40,09 23,76 33,82MO Aureocomparto gar. mmmmm nnnnn 31.03 0,38 1,48 1,12 2,96OB Aureocomp. obbl. mmmmm nnnnn 31.03 5,28 13,08 7,57 12,74

BIM VITABB BimVita Bil.Globale mmmmm nnnnn 31.03 10,14 31,28 29,48 27,61OB BimVita Bond mmmmm nnnnn 31.03 6,19 18,70 14,73 19,57BO BimVita Equilibrio mmmmm nnnnn 31.03 7,30 23,28 17,45 20,63

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



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AZ BimVita Equity mmmmm nnnnn 31.03 14,58 42,34 46,02 36,12

CASSACENTRALE RAIFFEISENRaiffeisenF.P.A.BO LineaActivity mmmmm nnnnn 15.04 12,70 34,66 30,09 33,52BA LineaDynamic mmmmm nnnnn 15.04 15,97 40,75 40,49 37,21OB LineaSafe mmmmm nnnnn 15.04 8,68 30,85 20,24 24,09

CREDEMPREVIDENZAAZ Comp. Azionario A mmmmm nnnnn 31.03 21,66 60,28 47,70 61,68AZ Comp. Azionario B mmmmm nnnnn 31.03 22,15 60,28 49,58 65,32BB Comp. BilanciatoA mmmmm nnnnn 31.03 19,95 46,79 39,32 47,84BB Comp. BilanciatoB mmmmm nnnnn 31.03 20,22 46,79 40,35 49,82FL Comp. Flessibile A mmmmm nnnnn 31.03 9,59 — — —FL CompartoFlessibile B mmmmm nnnnn 31.03 9,33 — — —BORComp. Obb. Gar.A mmmmm nnnnn 31.03 14,50 33,63 28,25 31,62BORComp. Obb. Gar.B mmmmm nnnnn 31.03 14,56 33,63 28,52 32,13

CRÉDITAGRICOLE VITAAZ Taro mmmmm nnnnn 31.03 21,45 58,94 44,73 61,36AZ TaroCl.A mmmmm nnnnn 31.03 21,99 58,94 46,63 64,89AZ TaroCl.B mmmmm nnnnn 31.03 22,45 58,94 48,25 67,83BORTicino mmmmm nnnnn 31.03 7,73 22,89 21,89 24,26BO TicinoCl.A mmmmm nnnnn 31.03 8,16 22,89 23,34 26,72BO TicinoCl.B mmmmm nnnnn 31.03 8,69 22,89 25,06 29,63BB Trebbia mmmmm nnnnn 31.03 22,05 54,15 42,81 58,97BB Trebbia Cl.A mmmmm nnnnn 31.03 22,61 54,15 44,73 62,52BB Trebbia Cl.B mmmmm nnnnn 31.03 22,92 54,15 45,62 64,18

CREDITRASVITAUnicreditAZ LineaDinamica mmmmm nnnnn 21.04 19,39 74,44 46,23 54,81BB LineaSerena mmmmm nnnnn 21.04 15,55 51,62 33,94 41,11OBRLineaSicura mmmmm nnnnn 21.04 0,20 7,44 3,69 4,60BOCLineaTranquilla mmmmm nnnnn 21.04 9,82 32,95 23,74 27,77

GENERALIITALIAF.P.A.Generali GlobalAZ Comp. Azionario A mmmmm nnnnn 31.03 — — — —AZ Comp. Azionario B mmmmm nnnnn 31.03 — — — —AZ Comp. Azionario C mmmmm nnnnn 31.03 — — — —AZ Comp. Azionario D mmmmm nnnnn 31.03 — — — —AZ Comp. Azionario E mmmmm nnnnn 31.03 — — — —BB Comp. BilanciatoA mmmmm nnnnn 31.03 — — — —BB Comp. BilanciatoB mmmmm nnnnn 31.03 — — — —BB Comp. BilanciatoC mmmmm nnnnn 31.03 — — — —BB Comp. BilanciatoD mmmmm nnnnn 31.03 — — — —BB Comp. BilanciatoE mmmmm nnnnn 31.03 — — — —

Comp. Monetario A mmmmm nnnnn 31.03 — — — —Comp. Monetario B mmmmm nnnnn 31.03 — — — —Comp. Monetario C mmmmm nnnnn 31.03 — — — —Comp. Monetario D mmmmm nnnnn 31.03 — — — —Comp. Monetario E mmmmm nnnnn 31.03 — — — —

BO C.Obbl. GarantitoA mmmmm nnnnn 31.03 — — — —BO C.Obbl. GarantitoB mmmmm nnnnn 31.03 — — — —BO C.Obbl. GarantitoC mmmmm nnnnn 31.03 — — — —BO C.Obbl. GarantitoD mmmmm nnnnn 31.03 — — — —BO C.Obbl. GarantitoE mmmmm nnnnn 31.03 — — — —BO C.ObbligazionarioA mmmmm nnnnn 31.03 — — — —BO C.ObbligazionarioB mmmmm nnnnn 31.03 — — — —BO C.ObbligazionarioC mmmmm nnnnn 31.03 — — — —BO C.ObbligazionarioD mmmmm nnnnn 31.03 — — — —BO C.ObbligazionarioE mmmmm nnnnn 31.03 — — — —

HDIASSICURAZIONIF.P.A.Azionedi PrevidenzaAZ LineaDinamica mmmmm nnnnn 16.03 13,44 39,67 37,50 37,36BO LineaEquilibrata mmmmm nnnnn 16.03 12,10 20,43 28,02 32,06BOCLineaGarantita mmmmm nnnnn 16.03 11,01 7,31 22,41 26,82OB LineaPrudente mmmmm nnnnn 16.03 9,33 4,21 20,13 23,04

INTESASANPAOLO VITAF.P.AGiustinianoBA GiustinianoAzionaria mmmmm nnnnn 31.03 24,22 62,73 49,86 68,96BO GiustinianoBil. mmmmm nnnnn 31.03 18,99 49,44 37,38 51,03OB GiustinianoMon. mmmmm nnnnn 31.03 1,21 7,08 4,87 6,99OB GiustinianoObbligaz. mmmmm nnnnn 31.03 12,10 67,29 21,75 27,35BOCGiustinianoTFR + mmmmm nnnnn 31.03 2,12 9,26 8,65 14,19F.P.APrevidSystemBO AccumulazioneBilan. mmmmm nnnnn 31.03 16,61 42,30 31,36 42,80BO CrescitaDinamica mmmmm nnnnn 31.03 11,16 24,20 18,63 25,27BO CrescitaPrudente mmmmm nnnnn 31.03 8,39 16,53 13,08 18,74BA RivalutazioneAz. mmmmm nnnnn 31.03 22,07 58,67 46,11 62,79BORTFR + mmmmm nnnnn 31.03 2,03 9,26 8,18 13,35F.P.A.Il Mio DomaniBO LineaBreve Termine mmmmm nnnnn 31.03 0,76 3,71 15,87 19,50BO LineaB. Termine Cl. C mmmmm nnnnn 31.03 1,03 3,71 — —AZ LineaLungo Termine mmmmm nnnnn 31.03 11,91 — 48,90 60,54FL LineaL. Termine Cl.C mmmmm nnnnn 31.03 12,10 — — —BB LineaMedio Termine mmmmm nnnnn 31.03 6,26 23,32 22,47 26,06FL LineaM.Termine Cl.C mmmmm nnnnn 31.03 6,53 23,32 — —BORLineaTFR mmmmm nnnnn 31.03 1,62 9,26 9,03 14,89BO LineaTFR Cl.C mmmmm nnnnn 31.03 1,96 9,26 — —F.P.A.Intesa Mia PrevidenzaBO PianoPrev.Accumulo mmmmm nnnnn 31.03 16,29 41,46 31,52 37,86MOCPianoPrev.Capitale mmmmm nnnnn 31.03 3,27 12,18 8,82 10,82BO PianoPrev.Crescita mmmmm nnnnn 31.03 11,81 26,69 21,28 28,88BA PianoPrev.Dinamico mmmmm nnnnn 31.03 19,05 52,06 40,73 49,27OB PianoPrev.Reddito mmmmm nnnnn 31.03 7,18 19,13 14,60 17,68F.P.A.Sanpaolo PrevidenzaBA LineaBil.Azionaria mmmmm nnnnn 31.03 8,94 58,77 30,20 40,76BB LineaBilanciata mmmmm nnnnn 31.03 9,72 49,85 27,94 37,14MO LineaMonetaria mmmmm nnnnn 31.03 -0,16 1,22 1,34 2,85OB LineaObbligaz. mmmmm nnnnn 31.03 10,97 27,54 21,11 24,91BO LineaProtetta mmmmm nnnnn 31.03 2,50 12,30 9,00 9,21F.P.A.Sanpaolo Previdenza AziendeBA LineaBil.Azionaria mmmmm nnnnn 31.03 9,41 58,77 32,03 44,19BO LineaBil.Obbligaz. mmmmm nnnnn 31.03 10,93 40,92 27,02 35,51BB LineaBilanciata mmmmm nnnnn 31.03 10,16 49,85 29,61 40,12BORLineaGarantita mmmmm nnnnn 31.03 2,44 14,16 6,43 7,88OB LineaObbligaz. mmmmm nnnnn 31.03 11,36 27,54 22,29 26,95

ITAS VITAF.P.A.PensPlan PlurifondsAZ ActivITAS mmmmm nnnnn 15.04 18,64 61,41 38,26 40,25BO AequITAS mmmmm nnnnn 15.04 15,39 46,12 29,18 37,13BOCSecurITAS mmmmm nnnnn 15.04 3,26 7,82 9,98 12,50BO SerenITAS mmmmm nnnnn 15.04 8,31 33,46 19,77 25,69BB SolidITAS mmmmm nnnnn 15.04 14,91 52,09 31,24 35,64

NATIONALE SUISSEVITABO Previsuisse-C.Crescita mmmmm nnnnn 31.10 10,12 — 25,86 31,96BB Previsuisse-C.Dinamica mmmmm nnnnn 31.10 12,39 — 37,61 45,71OBCPrevisuisse-C.Garanz. mmmmm nnnnn 31.10 8,17 — 15,42 19,36

PENSPLANINVEST SGR




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PensPlanProfi F.P.A.BB CompartoLinea A mmmmm nnnnn 15.04 15,92 47,26 29,50 32,58BO CompartoLinea B mmmmm nnnnn 15.04 8,67 30,44 20,91 26,44OB CompartoLinea C mmmmm nnnnn 15.04 0,78 6,22 4,24 7,02

PIONEER INVESTMENT MGMTPioneer FuturoAZ CompartoAzionario mmmmm nnnnn 31.03 16,20 58,33 44,49 61,80BB CompartoBilanciato mmmmm nnnnn 31.03 14,34 45,08 36,76 50,61BO CompartoDT 2020 mmmmm nnnnn 31.03 8,33 30,19 24,31 32,36BB CompartoDT 2025 mmmmm nnnnn 31.03 12,42 48,31 30,18 41,29BB CompartoDT 2030 mmmmm nnnnn 31.03 12,91 52,77 32,26 44,66BA CompartoDT 2035 mmmmm nnnnn 31.03 12,66 52,77 34,15 48,17BB CompartoDT 2040+ mmmmm nnnnn 31.03 — — — —MO CompartoGarantito mmmmm nnnnn 31.03 2,10 3,33 7,98 11,91BO Comp. Ob. Br.Periodo mmmmm nnnnn 31.03 1,72 34,92 6,33 10,30OB CompartoOb. Reale mmmmm nnnnn 31.03 4,03 19,15 8,83 12,84BO CompartoPrudente mmmmm nnnnn 31.03 9,17 30,47 25,28 34,61

POPOLARE VITAOBRPopolareBond mmmmm nnnnn 31.03 6,16 18,70 13,68 18,13BORPopolareGest mmmmm nnnnn 31.03 7,51 23,28 17,36 21,34BORPopolareGest Cl.A mmmmm nnnnn 31.03 7,88 23,28 18,58 23,50BORPopolareGest Cl.B mmmmm nnnnn 31.03 7,84 23,28 18,68 —BB PopolareMix mmmmm nnnnn 31.03 15,66 39,78 35,70 43,32BB PopolareMix Cl.A mmmmm nnnnn 31.03 16,12 39,78 37,29 46,21

REALE MUTUA ASSICURAZIONIBB Teseo-L.Bilanc.Etica mmmmm nnnnn 31.03 14,17 11,53 32,53 37,63MORTeseo-L.Garan. Etica mmmmm nnnnn 31.03 3,77 3,29 9,50 11,40OB Teseo-L.Prud. Etica mmmmm nnnnn 31.03 11,44 28,83 21,11 27,03AZ Teseo-L.Svil.Etica mmmmm nnnnn 31.03 15,48 26,27 44,79 46,48

UNIPOLSAIF.P.A.Conto PrevidenzaAZ Comp.Azionario mmmmm nnnnn 31.03 17,92 53,12 41,74 55,82AZ Comp.AzionarioA mmmmm nnnnn 31.03 18,84 53,12 45,11 62,22AZ Comp.AzionarioB mmmmm nnnnn 31.03 18,85 53,12 45,24 62,53BB Comp.Bilanciato mmmmm nnnnn 31.03 16,71 46,06 35,65 43,81BB Comp.BilanciatoA mmmmm nnnnn 31.03 17,38 46,06 37,97 48,04BB Comp.BilanciatoB mmmmm nnnnn 31.03 17,33 46,06 38,04 48,27BORComp.Garantito mmmmm nnnnn 31.03 15,32 23,28 26,27 29,29BORComp.GarantitoA mmmmm nnnnn 31.03 15,84 23,28 27,92 32,20BORComp.GarantitoB mmmmm nnnnn 31.03 15,82 23,28 28,03 32,46OB C.Obbigazionario mmmmm nnnnn 31.03 11,66 22,55 17,04 21,64OB C.ObbigazionarioA mmmmm nnnnn 31.03 12,19 22,55 18,60 24,41OB C.ObbigazionarioB mmmmm nnnnn 31.03 12,14 22,55 18,66 24,62FLRComp.PremiumTFR mmmmm nnnnn 31.03 6,19 — 13,54 19,37F.P.A.Fondiaria PrevidenteAZ Comp.Azionario mmmmm nnnnn 31.03 18,45 53,12 42,41 53,48BB Comp.Bilanciato mmmmm nnnnn 31.03 16,57 46,06 35,61 44,50BORComp.Garantito mmmmm nnnnn 31.03 15,00 23,28 26,16 29,57MO Comp.Monetario mmmmm nnnnn 31.03 1,26 1,22 4,71 4,89

OB C.Obbigazionario mmmmm nnnnn 31.03 11,26 22,55 17,08 21,59F.P.A.SaiOBRComp.Previ-Bond mmmmm nnnnn 31.03 13,62 18,70 21,98 26,58BORComp.Previ-Capital mmmmm nnnnn 31.03 14,90 12,65 23,00 25,12AZ Comp.Previ-Europa mmmmm nnnnn 31.03 17,71 37,27 45,21 47,31BORComp.Previ-Gest mmmmm nnnnn 31.03 15,14 23,28 25,45 28,47AZ Comp.Previ-Global mmmmm nnnnn 31.03 18,36 56,64 38,91 61,50BB Comp.Previ-Mix mmmmm nnnnn 31.03 18,19 39,78 40,96 43,65F.P.A.Unipol InsiemeBOCComp.Crescita mmmmm nnnnn 15.04 14,67 43,89 31,15 38,15BORC.ProtezioneEtica mmmmm nnnnn 15.04 11,16 13,86 22,17 24,29BB Comp.Sviluppo mmmmm nnnnn 15.04 19,33 56,57 45,79 48,13AZ Comp.Valore mmmmm nnnnn 15.04 21,55 72,46 55,51 55,08F.P.A.Unipol PrevidenzaOBRC.A:Obbl.garanzia mmmmm nnnnn 14.04 9,11 30,47 22,09 27,20BORC.B:Obbl.mistagar. mmmmm nnnnn 14.04 14,06 36,79 30,69 32,71BO Comp.C:Obbl.mista mmmmm nnnnn 14.04 17,04 44,82 35,48 38,95BB Comp.D:Bilanciata mmmmm nnnnn 14.04 17,96 57,86 42,31 42,60F.P.A.UnipolSai AssicurazioniOBRComp. Bond mmmmm nnnnn 31.03 13,88 18,70 22,08 26,62OBRComp. BondA mmmmm nnnnn 31.03 14,36 18,70 23,55 29,20OBRComp. BondB mmmmm nnnnn 31.03 14,29 18,70 23,57 29,34AZ Comp. Europa mmmmm nnnnn 31.03 18,26 37,27 46,10 56,58AZ Comp. EuropaA mmmmm nnnnn 31.03 19,03 37,27 48,83 61,60AZ Comp. EuropaB mmmmm nnnnn 31.03 19,10 37,27 49,04 61,99BORComp. Gestito mmmmm nnnnn 31.03 14,93 23,28 25,56 30,18BORComp. GestitoA mmmmm nnnnn 31.03 15,48 23,28 27,27 33,19BORComp. GestitoB mmmmm nnnnn 31.03 15,52 23,28 27,41 33,42AZ Comp. Global mmmmm nnnnn 31.03 18,90 56,64 38,72 63,57AZ Comp. GlobalA mmmmm nnnnn 31.03 19,70 56,64 41,34 68,85AZ Comp. GlobalB mmmmm nnnnn 31.03 19,76 56,64 41,52 69,20BB Comp. Mix mmmmm nnnnn 31.03 17,80 39,78 37,73 46,63BB Comp. MixA mmmmm nnnnn 31.03 18,82 39,78 40,17 50,67BB Comp. MixB mmmmm nnnnn 31.03 18,90 39,78 40,40 51,07FL Comp. PremiumTFR mmmmm nnnnn 31.03 5,83 — 13,69 19,58

VITTORIAFORMULA LAVOROAZ PrevidenzaCapital. mmmmm nnnnn 31.03 13,44 55,88 40,64 45,69BB PrevidenzaEquilibr. mmmmm nnnnn 31.03 11,95 43,17 34,64 38,32BORPrevidenzaGarantita mmmmm nnnnn 31.03 10,30 33,64 27,52 29,12

ZEDOMNIFUNDAZ Azionaria mmmmm nnnnn 31.03 17,46 60,11 41,53 47,76BO Bilanciata30 mmmmm nnnnn 31.03 15,44 35,46 26,72 34,38BA Bilanciata65 mmmmm nnnnn 31.03 16,82 53,97 39,27 45,67OBRGarantita mmmmm nnnnn 31.03 3,54 16,33 12,63 9,53OB Obbligazionaria mmmmm nnnnn 31.03 13,01 22,63 17,63 23,61

ZURICH CONTRIBUTIONOB LineaConservativa mmmmm nnnnn 31.03 12,46 22,63 16,57 21,59BA LineaDinamica mmmmm nnnnn 31.03 17,77 53,97 42,55 52,23OBRLineaGarantita mmmmm nnnnn 31.03 6,62 16,33 17,19 16,60

Note:C: con garanzia di capitale.R: con garanzia di rendimento.K: con garanzia di capitale e rendimento.




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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) 371,90 475,923 -21,9 +9,2 +12,9 339355 +4,09 +6,11 -0,03 +28,94 12-2019 +5,4Atlantic2 (12/2018) 109,40 181,951 -39,9 +14,0 +3,7 7283 +7,86 +9,33 -0,55 -15,85 12-2018 +14,8EstenseG.D. (12/2016) 713,00 953,196 -25,2 +12,2 +23,0 343885 +3,31 +4,00 +1,13 -10,49 12-2016 +18,7Europa Imm. 1(12/2017) 728,00 1593,925 -54,3 +14,8 — 62640 -8,78 -2,28 -0,88 +13,93 12-2017 +33,8FondoAlpha(06/2019) 1214,00 3578,918 -66,1 +18,5 — 312365 +2,15 +7,62 -1,70 +7,53 12-2030 +7,1FondoBeta(02/2015) 174,00 255,442 -31,9 +16,5 +1,8 21698 +8,11 +8,75 -1,69 +23,38 12-2017 +15,3FondoDelta(12/2014) 40,92 91,997 -55,5 +22,0 — 497498 -9,10 -0,43 +0,66 -3,35 12-2017 +35,1Imm. dinamico (12/2020) 64,65 206,972 -68,8 +11,9 — 339606 -10,75 -0,77 -4,72 -7,25 12-2023 +14,3Immobilium 2001(12/2017) 1720,00 3926,297 -56,2 +11,1 — 5130 -2,45 +2,01 +1,84 +4,12 12-2022 +11,3InvestRealSec. (12/2016) 854,50 1849,715 -53,8 +9,6 — 57107 -6,88 -0,98 +1,36 +4,21 12-2016 +57,8Investietico(12/2018) 1359,00 2102,456 -35,4 +13,1 +9,9 472861 +2,11 +4,03 -0,19 +6,07 12-2018 +12,5Med.RE -A(12/2021) 2,79 5,722 -51,3 +13,4 — 89043 -6,16 +1,48 -6,06 -9,36 12-2027 +5,8Med.RE -B(12/2021) 2,10 4,068 -48,4 +13,4 +6,0 301367 -3,93 +1,68 -4,11 -7,92 12-2027 +5,3Obelisco(12/2015) 547,50 1676,017 -67,3 +12,3 — 11683 -13,43 -2,80 +3,11 +2,34 12-2018 +35,4Polis (12/2015) 792,50 1794,156 -55,8 +12,0 — 90211 -2,23 +2,07 +0,06 +7,90 12-2020 +15,4PortfolioImm. (12/2016) 539,00 937,084 -42,5 +10,3 — 61737 -1,22 +0,30 +0,65 +6,73 12-2016 +38,6RE Europa (12/2016) 984,50 2163,046 -54,5 +14,8 +6,6 276697 -2,68 +1,66 -0,66 -11,59 12-2019 +18,3RE Italia (12/2016) 924,00 2114,065 -56,3 +11,8 +2,2 208171 +0,11 +3,67 -3,75 -16,47 12-2021 +13,2Risp. Imm.1 Energia (12/2018) 7795,00 6233,163 +25,1 +4,1 — — -0,95 -3,41 — +1,23 12-2021 -3,3Securfondo (12/2017) 1080,00 1983,621 -45,6 +11,0 +2,3 100189 +2,41 +4,47 -2,61 -3,05 12-2019 +13,8Socrate(12/2017) 219,40 520,825 -57,9 +15,5 — 39499 -8,09 +1,78 +0,64 +0,18 12-2020 +16,4Tecla(12/2014) 133,80 250,219 -46,5 +10,8 — 55824 +8,59 +10,83 -3,04 +22,48 12-2017 +26,2UnicreditoImm.1 (12/2017) 1243,00 2014,738 -38,3 +2,9 — 624856 +1,44 +3,17 +0,65 +9,92 12-2020 +8,8ValoreImm. glob. (12/2019) 1150,00 2673,191 -57,0 +16,8 — 59960 -0,41 +1,82 -1,71 +30,59 12-2022 +11,6(Noriskprestaoccasionalmenteeautonomamenteattivitàdi consulenzaafavoredegliemittentidegli strumenti finanziarioggettodi analisi)


EXCHANGE TRADED FUND a cura di

BILANCIATOprudenteUbsEtfsPlc - MapBalanced 7 SfUcits Etf (IE00B95FFX04)[SinteticaFunded:Nonpresente] mmmmm 0,75 0,34 216.214 -AZIONARIOemergenteiShares MsciEmerging MarketsUcits Etf (IE00B0M63177)[FisicaaCampione:prestito titoli(8,08%) ecollaterale (102,5%-112%)] mmmmm 0,75 0,11 5.153.130 35,57Lyxor EtfChina Enterprise Hscei (FR0010204081)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,13 4.143.102 93,65Lyxor EtfMsci India (FR0010361683)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,85 0,17 3.619.589 51,58Lyxor Ucits EtfRussia DowJones Russia Gdr - C Eur (FR0010326140)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,32 1.827.532 11,08Lyxor EtfBrazil Ibovespa (FR0010408799)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,29 1.512.897 -1,03DbX-Trackers Harvest Csi300 Index Ucits EtfDr (LU0875160326)[FisicaCompleta] mmmmm 1,10 0,85 1.317.391 183,47iShares China Large CapUcits Etf (IE00B02KXK85)[FisicaCompleta:prestito titoli(20,37%)e collaterale (102,5%-112%)] mmmmm 0,74 0,18 1.295.273 93,89dbX-Trackers Csi300 IndexUcits Etf-Eur (LU0779800910)[SinteticaFunded:con Swap(100%)(collaterale119,57%)] mmmmm 0,50 0,58 1.042.233 173,20iShares Bric 50 Ucits Etf(IE00B1W57M07)[FisicaCompleta:prestito titoli(9,64%) ecollaterale (102,5%-112%)] mmmmm 0,74 0,36 960.035 53,35Amundi EtfMsciChina Ucits Etf(FR0010713784)[SinteticaUnfunded:basketsostitutivo (101,3%)Swap (-1,3%)] mmmmm 0,55 0,26 790.240 95,35iShares MsciKorea(IE00B0M63391)[FisicaCompleta:prestito titoli(9,41%) e collaterale(102,5%-112%)] mmmmm 0,74 0,27 544.344 25,32iShares MsciBrazil Ucits Etf(IE00B0M63516)[FisicaCompleta] mmmmm 0,74 0,42 488.565 -1,62dbX-Trackers Ftse VietnamUcits Etf (LU0322252924)[SinteticaUnfunded:basketsostitutivo (113,46%)Swap (-13,46%)] mmmmm 0,85 0,62 463.474 16,53dbX-Trackers Msci Brazil Index Ucits Etf (DR.) (LU0292109344)[FisicaCompleta:prestito titoli(0%)e collaterale] mmmmm 0,65 0,37 423.023 -1,66dbX-Trackers Ftse China 25 Ucits Etf (LU0292109856)[FisicaCompleta:prestito titoli(1,08%) e collaterale (108,28%)] mmmmm 0,60 0,22 416.723 93,93dbX-Trackers Msci EmAsia IndexUcits Etf (LU0292107991)[SinteticaUnfunded:basketsostitutivo (110,88%) Swap(-10,88%)] mmmmm 0,65 0,26 374.763 49,67iShares MsciAc Far East Ex-Japan Ucits Etf(IE00B0M63730)[FisicaaCampione:prestito titoli(12,27%) ecollaterale (102,5%-112%)] mmmmm 0,74 0,27 361.763 48,81Lyxor EtfHsi Euro (FR0010361675)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,24 337.618 63,64Lyxor EtfMsciAc Asia PacificEx Japan (FR0010312124)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,32 335.258 40,17dbX-Trackers Msci Ac Asia Ex JapanTrn IndexUcits Etf(LU0322252171)[SinteticaUnfunded:basketsostitutivo (99,75%)Swap (0,25%)] mmmmm 0,65 0,29 327.581 48,62Ossiam EtfEmerging MarketsMinimum VarianceEur (LU0705291903)[SinteticaFunded:Nonpresente] mmmmm 0,75 0,53 314.811 26,84iShares MsciTaiwan(IE00B0M63623)[FisicaCompleta] mmmmm 0,74 0,31 306.008 41,26Etfs-E FundMsciChina AGo Ucits Etf(IE00BHBFDF83)[SinteticaFunded:Nonpresente] mmmmm 0,88 1,29 288.162 -dbX-Trackers Msci TaiwanIndex Ucits Etf(LU0292109187)[FisicaCompleta:prestito titoli(0%)e collaterale] mmmmm 0,65 0,35 224.871 41,17Lyxor EtfMsciKorea (FR0010361691)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,49 213.551 24,49iShares MsciEastern Europe Capped Ucits Etf(IE00B0M63953)[FisicaaCampione:prestito titoli(4,26%) ecollaterale (102,5%-112%)] mmmmm 0,74 0,65 207.893 15,47Lyxor EtfAustralia S&PAsx 200-A (LU0496786905)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,41 206.922 17,29Lyxor EtfEastern Europe Cece Eur (FR0010204073)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,50 0,43 205.972 11,43CsopSource Ftse China A50 Ucits Etf(IE00BGSHB123)[FisicaCompleta] mmmmm 1,15 0,34 204.986 -Lyxor EtfPan Africa (FR0010636464)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,85 0,51 199.317 16,28Spdr MsciEm Asia Ucits Etf(IE00B466KX20)[FisicaaCampione] mmmmm 0,55 0,45 198.706 49,99SourceRdx Ucits Etf(IE00B5NDLN01)[SinteticaUnfunded:basketsostitutivo (95.5% MinSwap4.5% Max*] mmmmm 0,65 0,27 198.307 -Amundi EtfMsciEastern Europe ExRussia Ucits Etf- Eur (FR0010717074)[SinteticaUnfunded:basketsostitutivo (100,62%)Swap (-0,62%)] mmmmm 0,20 0,25 194.837 13,85dbX-Trackers Cnx Nifty Ucits Etf(LU0292109690)[SinteticaUnfunded:basketsostitutivo (121,72%)Swap (-21,72%)] mmmmm 0,85 0,31 193.160 55,49IsharesCore MsciEmerging MarketsImi Ucits Etf (IE00BKM4GZ66)[SinteticaFunded:Nonpresente] mmmmm 0,25 0,43 191.432 -Amundi EtfMsciPacific Ex JapanUcits Etf(FR0010713669)[SinteticaUnfunded:basketsostitutivo (101,06%) Swap(-1,06%)] mmmmm 0,45 0,25 188.253 25,72Amundi EtfMsci India Ucits Etf (FR0010713727)[SinteticaUnfunded:basketsostitutivo (99,95%)Swap (0,05%)] mmmmm 0,80 0,28 182.936 50,69dbX-Trackers Msci MexicoTrn IndexUcits Etf(LU0476289466)[FisicaCompleta:prestito titoli(0%)e collaterale] mmmmm 0,65 0,40 176.461 21,23Amundi EtfMsciEm Latin AmericaUcits Etf- Eur (FR0011020973)[SinteticaUnfunded:basketsostitutivo (100,17%)Swap (-0,17%)] mmmmm 0,20 0,43 174.985 5,58Spdr S&PEmerging MarketsDividend Ucits Etf (IE00B6YX5B26)

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

stelle anno % 30ggÀ %


EXCHANGE TRADED FUND

[FisicaCompleta] mmmmm 0,55 0,35 168.224 20,72iShares EmergingMarket Infrastructure Ucits Etf(IE00B2NPL135)[FisicaCompleta] mmmmm 0,74 0,72 154.883 39,97dbX-Trackers Msci KoreaTrn IndexUcits Etf (LU0292100046)[FisicaCompleta:prestito titoli(0%)e collaterale] mmmmm 0,65 0,37 151.868 24,89iShares Core MSCIPacific ex JapanUcits Acc (IE00B52MJY50)[SinteticaFunded:Nonpresente] mmmmm 0,20 0,27 149.359 26,78Lyxor EtfTaiwan(FR0010444786)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,45 146.516 41,74dbX-Trackers Msci IndonesiaTrn IndexUcits Etf (LU0476289623)[SinteticaUnfunded:basketsostitutivo (116,65%) Swap(-16,65%)] mmmmm 0,65 0,55 141.951 32,47dbX-Trackers S&P/Asx 200 Ucits Etf (LU0328474803)[FisicaCompleta:prestito titoli(2,27%) e collaterale (108,9%)] mmmmm 0,50 0,22 140.252 17,20Lyxor EtfMalaysia (FR0010397554)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,71 136.281 16,74iShares MsciTurkey Ucits Etf (IE00B1FZS574)[FisicaCompleta:prestito titoli(33,88%) ecollaterale (102,5%-112%)] mmmmm 0,74 0,68 116.623 15,71Lyxor EtfSouthAfrica Ftse JseTop 40 Eur (FR0010464446)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,38 112.119 23,46Lyxor EtfMsci Indonesia (FR0011067511)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,55 0,94 110.332 32,20iShares MsciEmerging MarketsUcits Etf (Acc)(IE00B4L5YC18)[FisicaaCampione:prestito titoli(3,23%) e collaterale (102,5%-112%)] mmmmm 0,68 0,66 109.378 36,20dbX-Trackers Msci Thailand TrnIndex Ucits Etf- 1C (LU0514694701)[FisicaCompleta:prestito titoli(0%)e collaterale] mmmmm 0,50 0,62 109.344 40,69dbX-Trackers Msci Pacific ExJapan TrnIndex Ucits Etf(DR) (LU0322252338)[FisicaCompleta:prestito titoli(4,02%) e collaterale(127,82%)] mmmmm 0,45 0,32 106.899 25,87dbX-Trackers S&P Select Frontier Ucits Etf(LU0328476410)[SinteticaUnfunded:basketsostitutivo (105,38%) Swap(-5,38%)] mmmmm 0,95 0,71 104.889 16,26Spdr S&PPan Asia DividendAristocrats Ucits Etf(IE00B9KNR336)[FisicaCompleta] mmmmm 0,55 0,28 104.349 52,07europaLyxor EtfEuro Stoxx50 Daily Double Short (FR0010424143)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,36 1.030.964 -38,19Lyxor EtfFtse Athex 20 (FR0010405431)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,78 561.102 -47,39BoostLevdax 3X Daily Etp(IE00B878KX55)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,75 0,32 515.072 67,95BoostShortdax 3X Daily Etp(IE00B8GKPP93)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,80 0,38 445.642 -57,22Etfs3X Daily Long Dax 30(JE00B992Q458)[SinteticaFunded:Nonpresente] mmmmm 0,82 0,19 282.123 -UbsIrl EtfPlc - Msci Emu CyclicalUcits Etf (IE00BMP3HJ57)[FisicaCompleta:prestito titoli(0,22%) ecollaterale (105,33%)] mmmmm 0,25 0,25 269.018 -dbX-Trackers - Stoxx Europe 600 Basic Resources Ucits Etf(LU0292100806)[SinteticaFunded:con Swap(100%)(collaterale110,18%)] mmmmm 0,30 0,20 200.232 5,40dbX-Trackers Shortdax Daily Ucits Etf(LU0292106241)[SinteticaFunded:con Swap(100%)(collaterale109,21%)] mmmmm 0,40 0,14 192.954 -22,31Lyxor EtfStoxx Europe 600Industrial Goods & Services(FR0010344887)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,39 190.338 20,18iShares MsciEmu Small CapUcits Etf(IE00B3VWMM18)[SinteticaFunded:Nonpresente] mmmmm 0,58 0,34 182.884 20,46Ossiam EtfEurope Minimum VarianceNr (LU0599612842)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,37 171.113 26,73Lyxor EtfStoxx Europe 600Chemicals (FR0010345470)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,53 170.375 30,00Amundi EtfLeveragedEuro Stoxx 50 Daily Ucits Etf(FR0010756072)[SinteticaUnfunded:basketsostitutivo (99,63%) Swap(0,37%)] mmmmm 0,30 0,21 168.197 37,54dbX-Trackers Msci Europe Small CapTrn IndexUcits Etf(LU0322253906)[FisicaaCampione:prestito titoli(14,48%) ecollaterale (112,82%)] mmmmm 0,40 0,24 167.768 23,58BoostEuro Stoxx 50 3X LeverageDaily Etp(IE00B7SD4R47)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,75 0,50 162.308 53,91iShares UkDividend Ucits Etf(IE00B0M63060)[FisicaCompleta:prestito titoli(11,49%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,22 161.493 32,91IsharesMsciEurope Minimum Volatility Ucits Etf(IE00B86MWN23)[SinteticaFunded:Nonpresente] mmmmm 0,25 0,24 158.906 -Amundi EtfMsci Italy Ucits Etf(FR0010655720)[SinteticaUnfunded:basketsostitutivo (100,36%) Swap(-0,36%)] mmmmm 0,25 0,18 155.976 6,92Sg Etc Ftse Mib+3X Daily Leveraged Collateralized(XS1101721923)[SinteticaFunded:Nonpresente] mmmmm 0,69 0,45 154.942 -Amundi EtfS&PEurope 350 Ucits Etf(IE0031091428)[FC:prestito titoli (max23%) ecollaterale (103%cash coll., 105% bondscoll., 110.5%equities coll.)] mmmmm 0,35 0,33 154.804 24,38Etfs3X Daily Long Euro Stoxx 50 (JE00B9689G92)[SinteticaFunded:Nonpresente] mmmmm 0,82 0,24 152.846 -Etfs3X Daily Short Ftse Mib (JE00B894R074)[SinteticaFunded:Nonpresente] mmmmm 0,82 0,63 152.487 -Ubs-EtfEuro Stoxx 50 (LU0136234068)[FisicaCompleta:prestito titoli(13,82%) e collaterale(108,11%)] mmmmm 0,15 0,12 147.205 20,18ETFS DAX® Daily 2x ShortGO UCITS ETF (IE00B4QNHZ41)[SinteticaUnfunded:basketsostitutivo (110%)Swap (100%)] mmmmm 0,60 0,18 146.304 -41,84Spdr MsciEuropesm Ucits Etf (IE00BKWQ0Q14)[FisicaCompleta:prestito titoli(1,78%) ecollaterale (106,61%)] mmmmm 0,25 0,22 141.344 24,17Lyxor EtfStoxx Europe 600Financial Services (FR0010345363)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,44 121.829 39,70dbX-Trackers - Stoxx Europe 600 BanksUcits Etf(LU0292103651)





[SinteticaUnfunded:basketsostitutivo (111,9%)Swap (-11,9%)] mmmmm 0,30 0,17 121.110 10,60dbX-Trackers Stoxx Europe 600 InsuranceUcits Etf (LU0292105193)[SinteticaFunded:con Swap(100%)(collaterale114,02%)] mmmmm 0,30 0,26 120.634 34,88Ossiam Shiller BarclaysCape Europe Sector Value Tr (LU1079842321)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,22 116.688 -Spdr S&PUk DividendAristocrats Ucits Etf(IE00B6S2Z822)[FisicaCompleta] mmmmm 0,30 0,32 114.917 20,85Lyxor Ucits EtfEuro StoxxBanks (FR0011645647)[SinteticaFunded:Nonpresente] mmmmm 0,30 0,86 109.424 -Lyxor EtfMsciEmu Growth (FR0010168765)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,35 107.793 27,39BoostEuro Stoxx Banks3X LeverageDaily Etp (IE00BLS09N40)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,89 0,68 106.379 -UbsEtf- Msci Switzerland20/35 Ucits Etf(LU0977261329)[SinteticaFunded:Nonpresente] mmmmm 0,20 0,27 105.301 31,55Lyxor EtfStoxx Europe 600Insurance (FR0010344903)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,43 105.060 34,95giapponeiShares MsciJapan HedgedUcits Etf(IE00B42Z5J44)[FisicaaCampione] mmmmm 0,64 0,12 4.835.483 40,04iShares Core MSCIJapan ImiUcits Etf(IE00B02KXH56)[FisicaaCampione:prestito titoli(15,22%) ecollaterale (102,5%-112%)] mmmmm 0,59 0,16 3.671.581 55,16Amundi EtfJapan TopixHedged Daily Ucits Etf(FR0011314277)[SinteticaUnfunded:basketsostitutivo (100,45%)Swap (-0,45%)] mmmmm 0,48 0,12 1.201.937 40,41Ubs-EtfMsci Japan(LU0136240974)[FisicaCompleta:prestito titoli(3,65%) ecollaterale (106,66%)] mmmmm 0,35 0,12 924.703 55,65Lyxor EtfJapan Topix(FR0010245514)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,28 679.709 55,05iShares MsciJapan -B Ucits Etf(IE00B53QDK08)[SinteticaFunded:Nonpresente] mmmmm 0,48 0,31 660.478 55,35dbX-Trackers - Msci JapanTrn IndexUcits Etf - 1C(LU0274209740)[FisicaCompleta:prestito titoli(5,99%) ecollaterale (106,27%)] mmmmm 0,50 0,14 453.317 55,39Amundi EtfMsciJapan Ucits Etf(FR0010688242)[SinteticaUnfunded:basketsostitutivo (100,61%) Swap(-0,61%)] mmmmm 0,45 0,18 447.613 54,95dbX-Trackers Msci JapanHedged TrnIndex Ucits Etf(LU0659580079)[SinteticaUnfunded:basketsostitutivo (99,99%) Swap(0,01%)] mmmmm 0,60 0,17 373.590 40,77Lyxor Ucits EtfJapan TopixDaily Hedged D- Eur (FR0011475078)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,29 273.728 40,30iShares MsciJapan Ucits EtfAcc(IE00B4L5YX21)[FisicaaCampione] mmmmm 0,48 0,21 204.717 54,89UbsEtfMsci Japan100% Hedged To Eur Ucits Etf(LU0950672476)[FisicaCompleta:prestito titoli(3,3%) e collaterale(107,16%)] mmmmm 0,45 0,18 200.218 39,89Amundi EtfJpx-Nikkei 400 Ucits Etf- A (FR0012205631)[SinteticaUnfunded:basketsostitutivo (100,77%) Swap(-0,77%)] mmmmm 0,18 0,34 141.958 -globaleLyxor EtfMsciWorld HealthCare Tr (LU0533033238)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,35 993.946 59,41iShares GlobalCleanEnergy Ucits Etf(IE00B1XNHC34)[FisicaCompleta:prestito titoli(32,28%) ecollaterale (102,5%-112%)] mmmmm 0,65 1,10 971.540 50,39PowersharesGlobalBuyback Achievers Ucits Etf(IE00BLSNMW37)[FisicaCompleta] mmmmm 0,39 0,30 421.874 -EtfsUs EnergyInfrastructure Mlp GoUcits Etf (IE00BHZKHS06)[SinteticaFunded:Nonpresente] mmmmm 0,45 0,71 308.164 -dbX-Trackers Msci WorldEnergy TrnIndex Ucits Etf(LU0540980736)[SinteticaFunded:con Swap(100%)(collaterale109,18%)] mmmmm 0,45 0,58 279.416 9,82Lyxor EtfMsciAll Country WorldEtf (FR0011079466)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,50 245.306 38,56SourceGoldman Sachs Equity FactorIndex WorldUcits Etf (IE00BFG1RG61)[SinteticaUnfunded:basketsostitutivo (95.5% MinSwap4.5% Max*] mmmmm 0,65 0,24 203.139 -Rbs MarketAccess Nyse Arca Gold Bugs Index Etf(LU0259322260)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale102,77%)] mmmmm 0,65 1,08 202.380 2,56DbX-Trackers MsciAc WorldIndex Ucits EtfDr (IE00BGHQ0G80)[FisicaaCampione:prestito titoli(1,01%)e collaterale (108,85%)] mmmmm 0,50 0,24 163.635 -ETFS DAXglobal Gold Mining GO UCITS ETF (IE00B3CNHG25)[SinteticaUnfunded:basketsostitutivo (104%)Swap (100%)] mmmmm 0,65 0,82 157.249 12,45Lyxor EtfDj GlobalTitans 50 (FR0007075494)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,76 151.532 35,33Lyxor EtfMsciWorld Consumer StaplesTr (LU0533032263)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,57 131.922 40,31Lyxor New Energy(FR0010524777)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,71 128.457 27,06Robo-StoxGlobalRobotics And AutomationGoUcits Etf(IE00BMW3QX54)[SinteticaFunded:Nonpresente] mmmmm 0,95 0,91 127.085 -UbsIrl EtfPlc - Dj Global Select DividendUcits Etf(IE00BMP3HG27)[SinteticaFunded:Nonpresente] mmmmm 0,30 0,38 125.263 -Ossiam EtfWorldMinimum Variance(LU0799656698)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,47 105.210 46,96nord americadbX-Trackers - S&P 5002X InverseDaily Ucits Etf(LU0411078636)[SinteticaFunded:con Swap(100%)(collaterale110,66%)] mmmmm 0,70 0,17 1.305.909 -6,35SourceS&P 500Ucits Etf(IE00B3YCGJ38)[SinteticaUnfunded:basketsostitutivo (95.5% MinSwap4.5% Max*] mmmmm 0,05 0,09 190.727 -PowersharesFtse Rafi Us 1000 Fund(IE00B23D8S39)[FisicaCompleta] mmmmm 0,39 0,34 158.758 42,06SourceCons Disc S&PUs Sector (IE00B449XP68)





[SinteticaUnfunded:basketsostitutivo (95.5% MinSwap4.5% Max*] mmmmm 0,30 0,27 148.615 -Amundi EtfS&P500Hedged Daily Ucits Etf(FR0011133644)[SinteticaUnfunded:basketsostitutivo (100,24%) Swap(-0,24%)] mmmmm 0,28 0,12 144.198 12,65Spdr S&P500 Low Volatility Ucits Etf(IE00B802KR88)[FisicaCompleta] mmmmm 0,35 0,29 134.928 44,58IsharesS&P500 MinimumVolatility Ucits Etf (IE00B6SPMN59)[SinteticaFunded:Nonpresente] mmmmm 0,20 0,20 133.859 -BoostNasdaq 100 3X Short Daily Etp(IE00B8VZVH32)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,80 0,51 130.374 -41,46SourceTechnolog S&PUs Sector (IE00B3VSSL01)[SinteticaUnfunded:basketsostitutivo (95.5% MinSwap4.5% Max*] mmmmm 0,30 0,16 125.252 -Amundi EtfShort MsciUsa Daily Ucits Etf(FR0010791194)[SinteticaUnfunded:basketsostitutivo (100,73%) Swap(-0,73%)] mmmmm 0,35 0,21 120.550 -33,83dbX-Trackers Russell 2000Ucits Etf Usa(LU0322248658)[SinteticaUnfunded:basketsostitutivo (113,73%) Swap(-13,73%)] mmmmm 0,45 0,24 116.422 42,68OBBLIGAZIONARIOaggregatoDbX-Trackers Ii BarclaysGlobal Aggregate Bond Ucits Etf- 1C (LU0942970103)[SinteticaUnfunded:basketsostitutivo (113,93%) Swap(-13,93%)] mmmmm 0,30 0,18 258.073 23,88DbX-Trackers Ii BarclaysGlobal Aggregate Bond Ucits Etf- 5C (LU0942970798)[SinteticaUnfunded:basketsostitutivo (113,93%) Swap(-13,93%)] mmmmm 0,30 0,18 105.600 6,23cdsdbX-Trackers Ii Itraxx Europe ShortDaily Ucits Etf(LU0321462102)[SinteticaUnfunded:basketsostitutivo (99,23%) Swap(0,77%)] mmmmm 0,18 0,08 201.438 -2,17dbX-Trackers Ii Itraxx CrossoverShort Daily Ucits Etf(LU0321462870)[SinteticaUnfunded:basketsostitutivo (142,29%)Swap (-42,29%)] mmmmm 0,24 0,15 128.405 -10,10debitoalto rendimentoiShares $High Yield Corporate Bond Ucits Etf (IE00B4PY7Y77)[SinteticaFunded:Nonpresente] mmmmm 0,50 0,26 1.047.109 31,71Ishares$Short Duration High Yield Corporate Bond Ucits Etf (IE00BCRY6003)[SinteticaFunded:Nonpresente] mmmmm 0,45 0,34 540.301 30,00Spdr Barclays0-5 Year UsHigh Yield Bond Ucits Etf(IE00B99FL386)[FisicaaCampione] mmmmm 0,40 0,53 158.077 30,20debitogovernativoBoostUs Treasuries 10Y 3X Short Daily Etp (IE00BKS8QT65)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,30 0,20 739.183 -Lyxor Ucits EtfDaily Double Short10Y Us Treasury - C Usd (FR0011607084)[SinteticaFunded:Nonpresente] mmmmm 0,20 0,19 673.019 -iShares Core UK GiltUcits Etf (IE00B1FZSB30)[FisicaaCampione:prestito titoli(n.a.)e collaterale (102,5%-112%)] mmmmm 0,20 0,10 454.430 28,60Amundi EtfGovt Bond Lowest RatedInvestment Grade GovernmentCapped 1-3(FR0011807015)[SinteticaUnfunded:basketsostitutivo (100,14%)Swap(-0,14%)] mmmmm 0,14 0,05 382.632 -Lyxor EtfEuromts 15+YInvestment Grade - Eur(FR0010481093)[FisicaCompleta] mmmmm 0,17 0,10 207.615 37,96Ubs-EtfBarclays Capital Us 1-3Year Treasury Bond (LU0721552544)[FisicaCompleta] mmmmm 0,20 0,29 204.122 29,58Lyxor Etf Iboxx $ Treasuries 10Y+ (FR0010961003)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,20 200.842 52,02Lyxor Ucits EtfBtp 10Y - Mts Italy GovernmentBond (FR0011548106)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,12 171.611 17,01DbX-Trackers Ii Markit Iboxx Japan SovereignUcits Etf (LU0952581584)[SinteticaUnfunded:basketsostitutivo (98,52%) Swap(1,48%)] mmmmm 0,15 0,29 164.114 14,19dbX-Trackers Ii Mts Ex-BankItaly AggregateUcits Etf(LU0613540698)[SinteticaUnfunded:basketsostitutivo (98,34%)Swap (1,66%)] mmmmm 0,20 0,15 150.127 9,80Lyxor EtfEuromts 10-15YInvestment Grade - Eur (FR0010037242)[FisicaCompleta] mmmmm 0,17 0,10 148.877 21,89iShares UsdGovernment Bond 1-3Ucits Etf(IE00B3VWN179)[SinteticaFunded:Nonpresente] mmmmm 0,23 0,11 146.458 29,46dbX-Trackers Ii Iboxx SovereignsEurozone 7-10Ucits Etf (LU0290357259)[SinteticaUnfunded:basketsostitutivo (101,03%) Swap(-1,03%)] mmmmm 0,15 0,10 133.429 13,52dbX-Trackers Ii Iboxx GermanyUcits Etf (LU0643975161)[SinteticaUnfunded:basketsostitutivo (100,63%) Swap(-0,63%)] mmmmm 0,15 0,06 133.166 11,36DbX-Trackers Ii GlobalSovereign Ucits Etf1 c-Eur (LU0378818131)[SinteticaUnfunded:basketsostitutivo (100,47%)Swap (-0,47%)] mmmmm 0,25 0,13 130.283 7,57iShares EuroGovernment Bond 1-3Ucits Etf(IE00B3VTMJ91)[SinteticaFunded:Nonpresente] mmmmm 0,23 0,16 127.645 1,69BoostBund 10Y 3X Short Daily Etp (IE00BKS8QN04)[SinteticaFunded:Nonpresente] mmmmm 0,30 0,15 126.848 -Lyxor EtfEuromts Highest RatedMacro-Weighted Govt Bond 3-5Y (FR0011146349)[FisicaCompleta] mmmmm 0,17 0,07 115.882 2,90dbX-Trackers Ii Iboxx GermanyUcits Etf 1D(LU0468896575)[SinteticaUnfunded:basketsostitutivo (99,18%) Swap(0,82%)] mmmmm 0,15 0,06 104.412 11,35debitosocietarioiShares EuroCorporate Bond 1-5Yr Ucits Etf (IE00B4L60045)[FisicaaCampione:prestito titoli(n.a.)e collaterale (102,5%-112%)] mmmmm 0,20 0,09 685.526 2,80UbsEtf1/64 5/16Barclays Us Liquid Corporates Ucits EtfHedged To Eur (LU1048317025)[SinteticaFunded:Nonpresente] mmmmm 0,23 0,41 386.020 -Amundi EtfFloating RateEuro Corporate 1-3 Ucits Etf(FR0012005734)[SinteticaUnfunded:basketsostitutivo (100,1%)Swap (-0,1%)] mmmmm 0,18 0,04 307.024 -Amundi EtfEuro Corporate Financials Iboxx Ucits Etf C (FR0011020957)[SinteticaUnfunded:basketsostitutivo (100,32%)Swap (-0,32%)] mmmmm 0,16 0,17 175.893 4,38Spdr Barclays0-3 Year Euro Corporate Bond Ucits Etf (IE00BC7GZW19)[FisicaaCampione] mmmmm 0,20 0,10 173.221 1,33iShares EuroCorporate Bond Ex-FinancialsUcits Etf(IE00B4L5ZG21)





[SinteticaFunded:Nonpresente] mmmmm 0,20 0,17 170.025 7,35UbsEtf-Barclays Euro AreaLiquid Corporates 1-5 Year Ucits Etf(LU1048314196)[SinteticaFunded:Nonpresente] mmmmm 0,18 0,19 156.502 -Lyxor EtfEuro Corporate Bond Ex Financials (FR0010814236)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 0,11 104.480 5,84emergenteiShares J.P. Morgan $Emerging Markets Bond Ucits Etf(IE00B2NPKV68)[FisicaaCampione:prestito titoli(n.a.)e collaterale (102,5%-112%)] mmmmm 0,45 0,16 2.855.488 35,98iShares EmergingMarkets LocalGovernment Bond Ucits Etf(IE00B5M4WH52)[FisicaaCampione] mmmmm 0,50 0,29 1.708.800 16,29Spdr BarclaysEmerging MarketsLocal Bond Ucits Etf (IE00B4613386)[FisicaaCampione] mmmmm 0,55 0,26 1.379.278 17,80Lyxor Etf Iboxx $ LiquidEmerging Markets Sovereigns(FR0010967323)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,42 657.793 33,65Amundi EtfGlobalEmerging Bond Markit Iboxx Ucits Etf(C) (FR0010959668)[SinteticaUnfunded:basketsostitutivo (100,42%) Swap(-0,42%)] mmmmm 0,30 0,24 450.647 33,64dbX-Trackers Ii Emerging Markets LiquidEurobond Ucits Etf(LU0321462953)[SinteticaUnfunded:basketsostitutivo (103,97%)Swap (-3,97%)] mmmmm 0,55 0,49 290.973 8,45iShares UsdEmerging Markets Corporate Bond Ucits Etf(IE00B6TLBW47)[SinteticaFunded:Nonpresente] mmmmm 0,50 0,52 114.962 34,26inflazioneiShares $Tips Ucits Etf (IE00B1FZSC47)[FisicaCompleta:prestito titoli(ND) ecollaterale (102,5%-112%)] mmmmm 0,25 0,25 385.579 33,00dbX-Trackers Ii - Iboxx Global Inflation-Linked Ucits Etf-Eur (LU0290357929)[SinteticaUnfunded:basketsostitutivo (100,31%) Swap(-0,31%)] mmmmm 0,25 0,24 318.263 9,62ALTERNATIVOvolatilitàLyxor EtfS&P500 Vix Futures Enhanced Roll C-Eur (LU0832435464)[SinteticaFunded:Nonpresente] mmmmm 0,60 1,12 177.210 -14,04MONETARIOdebitogovernativodbX-Trackers Ii Eonia Ucits Etf(LU0290358497)[SinteticaUnfunded:basketsostitutivo (102,4%)Swap (-2,4%)] mmmmm 0,15 0,00 124.096 -0,07iShares EuroGovernment Bond 0-1Yr Ucits Etf (IE00B3FH7618)[FisicaaCampione] mmmmm 0,20 0,07 123.819 0,27valutaEtfs5X Long Usd ShortEur (JE00BMM1XC77)[SinteticaFunded:Nonpresente] mmmmm 0,98 0,24 3.719.660 -Etfs5X ShortUsd Long Eur (JE00BMM1XD84)[SinteticaFunded:Nonpresente] mmmmm 0,98 0,55 321.311 -BoostLong UsdShort Eur 5X Daily Etp (IE00BLNMQS92)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,89 0,39 235.910 -EtfsShort UsdLong Eur (JE00B3SBYQ91)[SinteticaFunded:Nonpresente] mmmmm 0,39 0,24 150.529 -23,81BoostShort Usd Long Eur 5X Daily Etp (IE00BLNMQT00)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,89 0,44 113.751 -MATERIE PRIMEagricolturaEtfsDaily LeveragedCoffee (JE00B2NFTD12)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,57 1.070.624 -57,97EtfsDaily LeveragedWheat (JE00B2NFTX18)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,32 735.669 -42,72EtfsDaily LeveragedSugar (JE00B2NFTW01)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,66 289.109 -57,85EtfsAgriculture Dj-Ubsci (GB00B15KYH63)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,22 184.399 -10,14EtfsDaily LeveragedCorn (JE00B2NFTG43)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,81 119.663 -43,89cerealiEtfsCorn (GB00B15KXS04)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,33 113.422 -12,74diversificatoLyxor EtfCommoditiesCrb Non-Energy (FR0010346205)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,35 0,16 204.561 4,06EtfsAllCommodities Dj-Ubscism (GB00B15KY989)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,16 194.485 -6,88energiaBoostWti 3X Leverage Daily Etp (IE00B7ZQC614)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,99 0,24 13.181.505 -87,62EtfsDaily LeveragedWti Crude (JE00B2NFTJ73)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,13 12.481.040 -67,77EtfsWti Crude(GB00B15KXV33)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,09 12.344.501 -30,77BoostWti 3X Short Daily Etp (IE00B7SX5Y86)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,99 0,33 4.304.912 261,39BoostNatural Gas 3X LeverageDaily Etp(IE00B8VC8061)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,99 0,45 3.311.657 -90,54Sg Etc Wti+3X Daily Leveraged Collateralized(XS1073721646)[SinteticaFunded:Nonpresente] mmmmm 0,98 0,50 2.543.317 -BoostNatural Gas 3X Short Daily Etp(IE00B76BRD76)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,99 0,49 2.415.477 242,19EtfsDaily LeveragedNatural Gas (JE00B2NFTQ41)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,93 1.986.113 -73,17





EtfsDaily Short Wti Crude(JE00B24DK975)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,16 1.901.487 102,94EtfsDaily Hedged WtiCrude (JE00B44F1611)[SinteticaFunded:con Swap(100%)(collaterale108%)] mmmmm 0,49 0,24 1.017.784 -46,79EtfsBrent 1Mth Securities (GB00B0CTWC01)[SinteticaFunded:con Swap(100%)] mmmmm 0,49 0,22 958.865 -32,70DbBrent CrudeBooster EuroHedged Etc (DE000A1AQGX1)[SinteticaFunded:con Swap(100%)(collaterale123%)] mmmmm 0,45 0,29 912.245 -43,13EtfsBrent CrudeJe (JE00B78CGV99)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,30 878.459 -32,29Sg Etc Wti-3X Daily Short Collateralized (XS1073721729)[SinteticaFunded:Nonpresente] mmmmm 0,98 0,80 729.229 -EtfsDaily LeveragedBrent Crude (JE00B789ZG89)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,24 621.856 -68,21Sg Etc Natural Gas +3X Daily LeveragedCollateralized (XS1073720911)[SinteticaFunded:Nonpresente] mmmmm 0,98 0,91 347.282 -EtfsPetroleum Dj-Ubscism(GB00B15KYC19)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,32 292.526 -27,83DbBrent CrudeBooster Etc Eur (DE000A1KYN55)[SinteticaFunded:con Swap(100%)(collaterale108%)] mmmmm 0,45 0,29 241.267 -25,01Sg Etc Wti-1X Daily Short Collateralized(XS1073722370)[SinteticaFunded:Nonpresente] mmmmm 0,95 0,50 189.604 -EtfsDaily Hedged BrentCrude (JE00B7305Z55)[SinteticaFunded:con Swap(100%)(collaterale108%)] mmmmm 0,49 0,29 185.378 -47,83EtfsDaily Short Brent Crude(JE00B78DPL57)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,23 161.450 112,98Sg Etc WtiCollateralized (XS1073722297)[SinteticaFunded:Nonpresente] mmmmm 0,48 0,31 153.152 -EtfsDaily LeveragedPetroleum (JE00B2NFT971)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,33 142.196 -63,72EtfsWti 2Mth Securities (GB00B0CTWK84)[SinteticaFunded:con Swap(100%)] mmmmm 0,49 0,24 136.826 -30,03metalli industrialiEtfsDaily LeveragedNickel (JE00B2NFTR57)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,90 265.242 -45,62EtfsDaily LeveragedCopper (JE00B2NFTF36)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,27 145.977 -4,45EtfsIndustrial Metals Dj-Ubscism (GB00B15KYG56)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,30 143.016 13,08EtfsAluminium(GB00B15KXN58)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,36 104.880 17,01metallipreziosiEtfsDaily LeveragedSilver (JE00B2NFTS64)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,22 879.877 -24,40BoostSilver 3X Leverage Daily Etp(IE00B7XD2195)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,99 0,40 614.086 -47,52EtfsPhysical Silver(JE00B1VS3333)[FisicaCompleta] mmmmm 0,49 0,13 581.446 4,42DbPhysical Silver EuroHedged Etc (DE000A1EK0J7)[FisicaCompleta] mmmmm 0,45 0,69 220.584 -19,60SourcePhysical Gold P-Etc (IE00B579F325)[FisicaCompleta] mmmmm 0,29 0,14 210.573 -EtfsDaily Short Gold (JE00B24DKC09)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,98 0,16 162.616 34,00BoostGold 3X ShortDaily Etp(IE00B6X4BP29)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,99 0,50 148.815 39,92BoostGold 3X LeverageDaily Etp (IE00B8HGT870)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,99 0,33 129.047 -6,80BoostSilver 3X Short Daily Etp (IE00B8JG1787)[SinteticaFunded:con Swap(100%)(collaterale107%)] mmmmm 0,99 0,52 116.833 57,42EtfsPhysical Platinum (JE00B1VS2W53)[FisicaCompleta] mmmmm 0,49 0,16 112.419 3,74softsEtfsCoffee (GB00B15KXP72)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,47 396.390 -19,51EtfsSugar (GB00B15KY658)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,51 187.416 -24,28EtfsCocoaIndividual Securities (JE00B2QXZK10)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,37 110.196 17,69




25APRILE Plus24-IlSole24Ore &numeri indici · 2015. 4. 24. · redditofisso l’hitparade...

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