8MARZO Plus24-IlSole24Ore &numeri indici · redditofisso l’hitparade analisititolirnc Australia...

reddito fisso

analisi titoli rncl’hit parade

Australia 2,67 3,14 4,01 3,37 3,95Gr. Bretagna 0,50 0,50 2,72 1,97 3,14Canada 0,82 0,96 2,46 1,81 3,00Danimarca 0,28 0,27 1,65 1,61 1,65Svezia 0,70 0,94 2,21 1,99 2,21Giappone 0,08 0,08 0,60 0,65 0,42Svizzera 0,02 0,02 0,97 0,61 0,97Usa 0,06 4,76 2,70 1,90 3,14Area euro 0,29 0,20 1,60 1,45 1,60

RENDIMENTI EFFETTIVI LORDIpaesi mercatomonet. obbl.governative obblig.

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

B.caIntesa 1,915 2,61 -17,46B.coDesio 2,342 5,38 -11,69B.coSardegna 9,800 1,78 —Banca Carige 1,134 7,72 n,s.Buzzi Unicem 7,375 0,68 -48,93Danieli 16,800 2,09 -33,86Edison 1,032 14,54 —Impregilo 0,000 — —Indesit Compani 10,000 2,48 -2,82Intek Group 0,515 — 36,47Intek Groupnew 0,515 — 36,47Italcementi 4,770 3,91 -44,11Italmobiliare 18,990 — -36,47La Fondiaria-Sai 0,000 — —Milano Ass. 0,000 — —Montefibre 0,000 — —Pirelli &c 9,725 3,50 -22,07RCSMediagroup 1,122 — -27,19SaesGetters 7,760 8,60 -12,02Seat Pagine Gialle 0,480 — n,s.Stefanel 146,000 — n,s.TelecomItalia 0,651 4,76 -22,27TelecomItalia Media 0,198 — 48,87Unicredito 8,710 — 46,63Zucchi 0,258 — n,s.

indici& numeriImigliori1 Cipro(CyprusMain) 45,462 Danimarca(KFX) 16,703 Egitto(EGX30 IDX) 16,354 Indonesia (JSX) 16,325 Portogallo(BVL30) 14,67

Ipeggiori1 Russia(RTS) -19,612 Ungheria(BUX) -9,983 Argentina (BUSEMerval) -9,664 Messico(MXSEIPC) -8,725 Turchia(ISE Natl-100) -8,61

FONDI ITALIANIindice performance

a1 mese a1 anno a3 anni

fonte:elaborazioneUfficioStudideIlSole-24Ore

Imigliori1 Portogallo 9,132 Spagna 5,233 Italia 4,734 NuovaZelanda 4,285 Giappone 4,13

Ipeggiori1 Argentina -4,012 Venezuela -2,373 Canada -1,484 Bulgaria 0,305 Polonia 0,30

AZIONARIOrendimenti in euro dal30/12/13 al06/03/14

paese rend paese rend

Generale 1,45 4,30 10,50Azionari 4,88 9,29 9,29Bilanciati 2,48 7,58 13,84Obbligazionari 0,87 3,42 12,19Monetari 0,07 0,66 3,76Flessibili 1,84 6,38 8,70

fonte:Thomson ReutersDatastream

fonte:Thomson ReutersDatastream

Fonte:elaborazioneUfficioStudideIlSole-24Ore

fonte:elaborazioneUfficioStudidelSole-24Ore

OBBLIGAZIONARIOrendimenti in euro dal30/12/13 al06/03/14

paese rend paese rend

titolo prezzo div/p% sconto%

SABATO 8 MARZO 2014 Plus24 - Il Sole 24 OreN. 603 1

previsione sulle economie

Argentina 10,9 12-13 8,9 15,7 +1,5 +22,2 +1,6 0,4 — —Australia 2,7 12-13 2,8 2,6 +3,0 +13,8 +0,3 1,6 2,8 3,9Austria 1,9 12-13 2,1 1,9 +1,9 +27,4 +1,5 1,1 0,1 2,5Belgio 1,0 02-14 2,3 1,7 +1,4 +23,0 +1,8 2,3 0,1 2,9Brasile 5,3 01-14 5,5 5,6 +2,3 +18,2 — 0,8 — —Canada 1,5 01-14 1,8 1,9 +2,5 +17,2 +1,1 1,5 1,1 3,1Cile 2,8 01-14 3,7 3,0 +4,3 +9,6 +17,1 — 4,2 —Cina 2,5 01-14 3,1 3,2 +7,3 +16,5 +0,8 0,5 — —Corea 1,0 02-14 2,9 2,6 +3,7 +25,5 — 0,6 3,0 3,9Danimarca 1,0 01-14 1,9 1,8 +1,8 +24,4 +8,7 1,3 0,1 2,3Filippine 4,1 02-14 4,7 4,0 +6,2 +9,6 +1,5 1,2 — —Finlandia 1,6 12-13 1,8 2,0 +1,6 +27,4 +0,5 0,8 0,1 2,3Francia 0,7 01-14 1,6 1,4 +1,2 +12,4 +2,3 1,2 0,3 2,7Germania 1,2 02-14 1,7 1,9 +2,0 +15,0 +2,5 2,0 0,3 2,2Giappone 1,4 01-14 -0,1 1,7 +1,3 +9,2 +90,2 0,9 0,2 0,9HongK. 4,3 12-13 2,5 3,7 +3,6 +9,0 +1,0 1,1 0,6 —India 7,2 01-14 8,1 8,3 +5,4 +21,9 +20,1 0,7 7,9 —Indonesia 7,8 02-14 7,1 5,2 +5,8 +14,6 +194,3 1,3 7,4 —Irlanda 0,2 01-14 1,7 1,3 +2,2 — +0,0 4,3 0,1 4,0Italia 0,5 02-14 2,0 1,3 +1,0 +30,2 +0,3 0,6 0,3 4,0Malaysia 3,2 12-13 2,5 3,5 +5,0 +8,8 +0,3 1,7 3,6 —Messico 4,5 01-14 4,2 3,6 +3,9 — +1,9 1,5 3,8 5,9N.Zelanda 1,6 12-13 2,6 2,3 +2,8 +11,2 +0,2 1,8 3,9 5,1Norvegia 2,3 01-14 1,8 2,1 +2,3 +11,1 +4,6 1,5 1,7 3,2Olanda 1,1 02-14 1,8 1,7 +1,2 +17,0 +1,3 1,2 0,3 2,6Russia 6,2 02-14 9,5 5,1 +2,6 -4,0 +0,1 -1,2 — —Singapore 1,4 01-14 2,7 2,8 +4,0 +11,3 +0,2 1,6 0,6 —Spagna -0,1 02-14 2,5 1,3 +1,3 +13,8 +0,5 0,9 0,3 4,0Sudafrica 5,4 12-13 5,5 5,6 +3,5 +11,7 +4,8 0,9 — —Svezia -0,2 01-14 1,2 1,9 +2,8 +11,2 +6,0 1,5 1,2 2,9Svizzera 0,1 01-14 0,6 1,0 +2,3 +8,9 +2,5 2,0 0,1 1,5Taiwan -0,1 03-14 1,4 1,8 +3,8 +10,8 +3,1 1,0 1,1 —Thailandia 2,0 02-14 3,1 2,8 +4,5 +14,4 +1,6 0,9 2,6 —UK 2,8 01-14 3,3 3,0 +2,4 +12,2 +27,5 1,8 0,7 3,3Usa 1,6 01-14 2,4 1,9 +3,0 +11,2 +2,7 1,3 0,2 3,5

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 8 MARZO 20142 N. 603

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.

88IndFiat(I) 7,63 27,31 89IndPhilipsKon(Nl) 25,30 27,30 90BpnBritvic(Gb) 763,00 27,27 91InfEricsson B(S) 83,45 27,23 92FinDanskeBank(Dk) 142,60 27,20 93TelGemalto(Nl) 81,30 27,17 94TelWincorNixdorf(D) 58,00 26,98 95BvoAccor(F) 36,26 26,96 96IndSymriseAg(D) 35,23 26,76 97IndGeberit N1(Ch) 274,20 26,74 98FinHufvudstaden(S) 95,40 26,63 99SalShire(Gb) 3415,00 26,58 100PbuHays(Gb) 140,50 26,56 101EneCairnEnergy(Gb) 192,10 26,51 102PbuSgs(Ch) 2191,00 26,48 103SalEssilorInternat(F) 76,33 26,42 104FinDeutscheWohnen(D) 15,19 26,38 105PbuKuehne&Nagel(Ch) 123,00 26,25 106SalSonovaHld(Ch) 124,50 26,24 107IndTaylorWimpey(Gb) 124,10 26,11 108PbuEdenred(F) 23,14 26,01 109PbuHome Retail Group(Gb) 191,90 25,75 110FinIntesaSanpaolo(I) 2,22 25,42 111IndPersimmon(Gb) 1462,00 25,31 112FinSchroders(Gb) 2673,00 25,22 113IndHexagon(S) 226,20 25,18 114IndBellway(Gb) 1663,00 25,13 115PbuAer.de Paris(F) 88,06 24,94 116BpnGivaudan(Ch) 1382,00 24,92 117MatHeidelbergcement(D) 59,45 24,92 118EneFuchsPetro Vz(D) 71,73 24,87 119IndRotor(Gb) 2665,00 24,87 120BpnL Oreal(F) 122,60 24,75 121TelDassaultSystem(F) 82,65 24,72 122PbuEnelGreen Power(I) 2,01 24,72 123PbuAdecco(Ch) 74,75 24,43 124IndStoraEnso R(Fl) 8,24 24,40 125SalActelionHldg(Ch) 91,55 24,31 126InfAsml Holding(Nl) 62,81 24,30 127BvoPaddyPower(Irl) 58,94 24,27 128BpnKerry Group(Irl) 54,01 24,18 129BvoLagardereS.C.A.(F) 29,00 24,17 130TelTelekom Aust(A) 7,21 24,10 131SalWilliam Demant(Dk) 508,50 24,10 132TelAmadeus(E) 31,34 24,09 133IndSuez Env(F) 14,56 23,79 134MatHolcim(Ch) 71,45 23,65 135SalGalenica(Ch) 920,00 23,64 136IndAmerSports(Fl) 16,37 23,62 137PbuDKSHHolding AG(Ch) 62,60 23,58 138BpnCoca Cola(Ch) 1499,00 23,46 139BpnBarry Callebaut(Ch) 1083,00 23,35 140IndSpirax-Sarco(Gb) 3083,00 23,27 141IndKoneCorporati(Fl) 29,54 23,23 142IndAssaAbloy B(S) 326,50 23,13

143PbuKeskoB(Fl) 32,54 23,06 144IndCggVeritas(F) 11,13 23,05 145PbuIntertekGroup(Gb) 2945,00 23,01 146PbuIntrumJustitia AB(S) 185,80 23,01 147PbuNext(Gb) 6645,00 22,96 148IndScaniaB(S) 195,90 22,95 149MatLafarge(F) 54,17 22,89 150FinBrLand Co(Gb) 693,50 22,83 151SalMeda(S) 94,60 22,72 152FinSydbank A/S(Dk) 145,80 22,57 153InfHalma(Gb) 601,00 22,54 154IndWartsilaB(Fl) 42,50 22,47 155BvoRtlgroup(Lu) 93,67 22,42 156PbuSodexo(F) 77,00 22,39 157InfZodiac Aer.(F) 25,59 22,36 158FinPSPSwiss(Ch) 81,15 22,34 159SalElekta(S) 85,55 22,30 160BvoItv(Gb) 199,20 22,22 161BvoIntercontHote(Gb) 1937,00 22,20 162IndLegrand(F) 44,85 22,19 163FinPartnersHld(Ch) 227,70 22,15 164PbuFraport(D) 56,61 22,08 165PbuDistribuidora Inte Alim(E) 6,19 22,03 166PbuBureau Veritas(F) 19,80 21,98 167BvoCompass Group(Gb) 938,00 21,98 168PbuBabcockInt(Gb) 1454,00 21,97 169IndVictrex(Gb) 1904,00 21,95 170PbuAbertis(E) 17,26 21,87 171BpnBunzl(Gb) 1569,00 21,80 172BpnAbInbev(B) 75,82 21,73 173IndJohnsonMatthe(Gb) 3291,00 21,70 174PbuHugo Boss(D) 95,61 21,63 175InfInfineon Tech.(D) 8,11 21,57 176BpnBurberry Grp(Gb) 1522,00 21,56 177IndAlfaLaval(S) 174,00 21,56 178IndSchindler-Hld(Ch) 130,40 21,54 179FinAzimutH.(I) 23,55 21,54 180EneNeste Oil(Fl) 15,36 21,52 181PbuRandstad(Nl) 45,32 21,48 182FinClose Bros(Gb) 1454,00 21,44 183BpnGlanbiaPlc(Irl) 10,88 21,42 184BpnAdidas(D) 83,14 21,41 185PbuCapita Group(Gb) 1158,00 21,39 186BpnScaB(S) 194,10 21,38 187FinNatixis(F) 5,21 21,31 188TelTelefonicaD. Hld(D) 5,84 21,27 189TelTelecity(Gb) 654,00 21,27 190BpnHenkelPref.(D) 80,73 21,26 191IndVallourec(F) 40,02 21,25 192BvoDailyMail(Gb) 1045,00 21,16 193BpnCampari(I) 6,22 21,15 194Fin3IGroup(Gb) 413,60 21,14 195IndEiffage(F) 51,06 21,06 196FinJupiterFund(Gb) 434,00 21,06 197TelInmarsat(Gb) 693,00 20,97 198BpnTravisPerkins(Gb) 1959,00 20,89 199BpnTod's(I) 99,00 20,88 200InfSafran(F) 49,87 20,81 201BpnCelesio(D) 25,25 20,80 202PbuPublicisGroupe(F) 68,02 20,80



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





88FinInvestorB(S) 227,50 11,46 89FinBnpParibas(F) 59,15 11,50 90PbuEdp(P) 3,10 11,51 91IndArkema(F) 79,25 11,59 92IndFugro(Nl) 41,65 11,59 93IndRheinmetall(D) 54,15 11,62 94FinStandardLife(Gb) 381,80 11,64 95IndRenault(F) 72,79 11,74 96IndAker Solutions(Nok) 100,40 11,76 97FinAviva(Gb) 469,10 11,77 98FinInvestec(Gb) 442,30 11,77 99PbuCentrica(Gb) 318,10 11,81 100FinZurichFin(Ch) 268,30 11,82 101FinHelvetia Hld(Ch) 452,00 11,87 102IndPetrofac(Gb) 1371,00 11,90 103FinKomercniBanka as 4660,00 11,92 104PbuSse Plc(Gb) 1425,00 11,92 105IndCNHIndustrial(Nl) 7,88 11,96 106BvoPearson(Gb) 1076,00 11,99 107FinPohjola Bank(Fl) 16,80 12,00 108FinAshmore(Gb) 316,70 12,03 109FinBaloiseHld(Ch) 112,40 12,04 110TelPortugalTelecom(P) 3,28 12,04 111IndDaimler(D) 67,04 12,07 112InfQinetiq(Gb) 230,00 12,07 113FinDirect Line(Gb) 258,00 12,09 114PbuGdfSuez(F) 18,61 12,10 115SalSanofi(F) 75,33 12,14 116MatGlencore(Gb) 329,70 12,18 117IndSandvik(S) 89,50 12,18 118TelTdc(Dk) 53,45 12,19 119BpnImperial Tobac(Gb) 2437,00 12,20 120IndElectroluxB(S) 148,60 12,21 121FinCorio(Nl) 33,42 12,27 122IndNcc(S) 220,80 12,28 123MatVoestalpine(A) 33,31 12,31 124BvoInforma(Gb) 517,00 12,37 125IndPetrol Geo-Ser(Nok) 64,50 12,41 126FinHiscox Ltd(Gb) 641,00 12,46 127PbuEndesaS.A.(E) 23,96 12,48 128BvoMtg B(S) 304,50 12,54 129TelTele2 B(S) 78,45 12,54 130IndNeopost(F) 65,87 12,59 131IndNokian Renkaat(Fl) 32,60 12,60 132PbuDelhaize Group(B) 52,36 12,65 133InfFinmecc.(I) 6,97 12,72 134PbuFortum(Fl) 17,30 12,89 135PbuStagecoach(Gb) 386,60 12,89 136FinHsbcHoldings(Gb) 635,90 13,03 137FinIcap Plc(Gb) 427,50 13,03 138BvoWoltersKluwer(Nl) 20,82 13,03 139FinFonciere Regions(F) 67,28 13,04 140IndSulzer(Ch) 123,90 13,17 141InfCobham(Gb) 297,00 13,21 142PbuGas Natural(E) 18,73 13,22

143IndRexamPlc(Gb) 495,20 13,22 144IndNutreco(Nl) 33,20 13,27 145FinGjensidigeFor(Nok) 126,10 13,28 146PbuMoeller Maerskb(Dk) 63850 13,32 147EneBg Group(Gb) 1088,50 13,35 148FinSwedbank(S) 179,40 13,42 149BpnRexel(F) 18,23 13,44 150InfMeggit(Gb) 502,50 13,46 151FinNordea(S) 91,85 13,50 152FinIntermediate(Gb) 449,80 13,51 153FinMapfre(E) 2,99 13,53 154IndEnagas(E) 20,92 13,62 155FinMan(Gb) 96,10 13,75 156IndAmec(Gb) 1116,00 13,77 157InfMtu AeroEngines(D) 61,33 13,83 158PbuSecuritasB(S) 69,45 13,84 159TelSoftware(D) 28,33 13,88 160IndTenaris(Lu) 15,09 13,88 161BvoUbm(Gb) 700,00 13,92 162FinCastellum(S) 112,50 13,94 163IndSolvay(B) 111,90 13,95 164IndSEB(F) 58,89 13,99 165EneAfren(Gb) 158,10 13,99 166FinDeutscheBank(D) 35,00 14,02 167IndSeadrill(Gb) 218,00 14,05 168FinB.Cant.Vaudoise(Ch) 511,50 14,14 169BvoWilliam Hill(Gb) 374,80 14,14 170PbuSnam(I) 4,09 14,14 171BpnSwedishMatch(S) 204,00 14,14 172IndJohn Wood Group(Gb) 754,00 14,31 173IndBouygues(F) 29,50 14,32 174PbuMitie Grp.(Gb) 335,00 14,32 175IndPrysmian(I) 18,54 14,37 176FinTryg(Dk) 515,00 14,40 177IndBasf(D) 82,00 14,42 178FinShb A(S) 330,40 14,50 179TelTelenor(Nok) 130,90 14,57 180MatUmicore(B) 35,53 14,60 181PbuEdf(F) 28,29 14,62 182FinSampoPlc(Fl) 36,70 14,65 183IndBilfinger Berger(D) 90,86 14,66 184PbuAholdKon(Nl) 13,82 14,69 185IndSmiths Group(Gb) 1346,00 14,71 186BpnKering(F) 148,30 14,73 187PbuNational Grid(Gb) 834,50 14,79 188InfUltraElecs(Gb) 1919,00 14,87 189SalStada Arznei(D) 36,55 14,88 190IndKemira Oy(Fl) 11,29 14,91 191EneHunting(Gb) 837,00 14,95 192SalGlaxosmithklin(Gb) 1684,50 14,96 193TelBtGroup(Gb) 411,30 15,00 194MatFresnillo(Gb) 963,00 15,07 195IndGkn(Gb) 408,20 15,11 196IndPargesaHld(Ch) 75,10 15,12 197BpnCarlsberg B(Dk) 568,50 15,19 198IndSkf B(S) 172,60 15,22 199SalNovartis(Ch) 73,40 15,24 200TelSwisscom(Ch) 518,00 15,25 201IndAggreko(Gb) 1630,00 15,28 202IndPirelli & C.(I) 12,67 15,28



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





88PbuMitie Grp.(Gb) 335,00 0,67 89BpnSuedzucker(D) 20,20 0,68 90EneTotal(F) 46,34 0,68 91EneEni(I) 17,38 0,68 92PbuJMartins Sgps(P) 12,37 0,68 93TelAtos(F) 69,52 0,69 94PbuSodexo(F) 77,00 0,69 95IndNutreco(Nl) 33,20 0,69 96PbuG4S(Gb) 237,90 0,70 97PbuICAGruppen AB(S) 223,60 0,70 98PbuColruyt(B) 40,10 0,71 99PbuVeoliaEnviron(F) 13,80 0,71 100IndValeo(F) 99,65 0,71 101IndAndritz(A) 42,96 0,72 102FinCatlinG(Gb) 521,50 0,73 103IndFlsmidth& Co(Dk) 285,30 0,73 104MatVoestalpine(A) 33,31 0,74 105IndLanxess(D) 54,19 0,74 106IndSaint-Gobain(F) 43,16 0,74 107FinAviva(Gb) 469,10 0,75 108BpnWolseley(Gb) 3480,00 0,75 109IndTechnip(F) 71,12 0,77 110PbuRubis(F) 50,80 0,78 111IndJohn Wood Group(Gb) 754,00 0,80 112PbuDsv(Dk) 172,80 0,81 113InfNokia(Fl) 5,59 0,81 114IndSEB(F) 58,89 0,81 115TelWincorNixdorf(D) 58,00 0,82 116IndAmec(Gb) 1116,00 0,82 117PbuCentrica(Gb) 318,10 0,82 118IndMichelin(F) 87,71 0,83 119TelCap Gemini(F) 56,22 0,83 120BpnBrenntag Ag(D) 134,10 0,84 121IndStoraEnso R(Fl) 8,24 0,84 122InfBaeSy.(Gb) 411,10 0,84 123IndGeorgFischer(Ch) 687,00 0,85 124PbuGdfSuez(F) 18,61 0,85 125IndKonecranesOyj(Fl) 25,63 0,86 126PbuKingfisher(Gb) 387,30 0,86 127IndAker Solutions(Nok) 100,40 0,86 128IndYara Internat(Nok) 242,60 0,87 129IndVolvo B(S) 96,95 0,89 130PbuEndesaS.A.(E) 23,96 0,91 131IndSmurfitKappa(Irl) 19,96 0,91 132IndRatos(S) 58,35 0,91 133MatVedanta Resources(Gb) 860,50 0,93 134PbuStagecoach(Gb) 386,60 0,93 135PbuEnel(I) 3,71 0,94 136InfSTMicroelectr.(Nl) 6,49 0,94 137EneStatoil(Nok) 158,20 0,94 138IndOsram Licht(D) 48,58 0,95 139IndVestasWind(Dk) 191,50 0,96 140MatNorsk Hydro(Nok) 29,74 0,96 141IndSmith(Gb) 341,80 0,98 142IndArkema(F) 79,25 0,99

143InfMtu AeroEngines(D) 61,33 1,00 144IndKemira Oy(Fl) 11,29 1,00 145IndMondi(Gb) 1035,00 1,00 146IndEvonikIndustries(D) 28,89 1,01 147IndUpm-KymmeneOy(Fl) 13,20 1,01 148IndSuez Env(F) 14,56 1,01 149BpnTravisPerkins(Gb) 1959,00 1,01 150BpnBunzl(Gb) 1569,00 1,01 151BpnTate & Lyle(Gb) 637,50 1,02 152BvoOpap(Gr) 11,21 1,02 153MatCRH(Irl) 21,42 1,02 154IndSaipem(I) 16,60 1,02 155MatBolidenAb(S) 102,30 1,03 156IndHusqvarna(S) 43,42 1,03 157PbuTeleperformance(F) 44,88 1,04 158BvoTelev.Francaise 1 SA(F) 13,35 1,04 159BvoCompass Group(Gb) 938,00 1,04 160IndGkn(Gb) 408,20 1,04 161InfEricsson B(S) 83,45 1,04 162FinZurichFin(Ch) 268,30 1,05 163IndMAN(D) 93,46 1,05 164IndSubsea7(Lu) 114,40 1,05 165IndMetso(Fl) 23,40 1,06 166BpnElectrocomponent(Gb) 264,80 1,06 167PbuMarks & Sp.(Gb) 502,50 1,06 168FinAmlin(Gb) 441,60 1,07 169IndPhilipsKon(Nl) 25,30 1,07 170IndAmerSports(Fl) 16,37 1,08 171IndKoninklijke Dsm(Nl) 45,95 1,09 172FinDeltaLloyd(Nl) 20,41 1,09 173Telfreenet(D) 24,14 1,10 174IndAkzo Nobel(Nl) 59,65 1,10 175IndSolvay(B) 111,90 1,11 176BpnAdidas(D) 83,14 1,13 177InfQinetiq(Gb) 230,00 1,14 178IndVallourec(F) 40,02 1,16 179IndVinci(F) 54,19 1,17 180InfRollsRoyce Pl(Gb) 992,50 1,17 181IndRexamPlc(Gb) 495,20 1,17 182FinAgeas(B) 32,76 1,18 183IndBasf(D) 82,00 1,18 184PbuEdf(F) 28,29 1,18 185BpnHeineken Hld(Nl) 46,49 1,18 186IndContinental AG(D) 173,00 1,19 187FinDirect Line(Gb) 258,00 1,19 188IndGea Group(D) 34,94 1,20 189IndPirelli & C.(I) 12,67 1,20 190BpnCoca Cola(Ch) 1499,00 1,21 191IndSbmOffshore(Nl) 11,14 1,22 192IndClariant(Ch) 18,00 1,24 193PbuBolloreSA(F) 436,65 1,25 194IndJm(S) 208,00 1,25 195FinSwissRe(Ch) 82,20 1,27 196IndEiffage(F) 51,06 1,27 197IndSiemens(D) 96,01 1,28 198FinPrudential(Gb) 1353,00 1,28 199IndSulzer(Ch) 123,90 1,29 200IndCggVeritas(F) 11,13 1,30 201SalRhoenKlinikum(D) 23,32 1,33 202MatHeidelbergcement(D) 59,45 1,34



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





88InfThales(F) 48,62 31,60 89SalColoplastB(Dk) 453,30 31,33 90IndBellway(Gb) 1663,00 31,22 91TelTelecomItalia(I) 0,81 31,12 92IndVinci(F) 54,19 31,04 93BvoKabel(D) 100,20 30,96 94IndSmith(Gb) 341,80 30,77 95PbuRentokil(Gb) 126,50 30,57 96IndJohnsonMatthe(Gb) 3291,00 30,45 97TelVodafoneGroup(Gb) 246,85 30,20 98IndEssentra plc(Gb) 886,00 29,84 99PbuDeutschePost(D) 26,77 29,75 100FinB.Popolare(I) 1,52 29,64 101FinBolsasY Mer E(E) 30,10 29,35 102PbuBolloreSA(F) 436,65 29,31 103FinResolution 375,50 29,12 104TelCap Gemini(F) 56,22 29,11 105IndDaimler(D) 67,04 28,90 106IndGkn(Gb) 408,20 28,83 107IndOCINV(Nl) 35,72 28,74 108TelDeutscheTelek(D) 12,31 28,55 109PbuEnelGreen Power(I) 2,01 28,46 110PbuKingfisher(Gb) 387,30 28,22 111EneGenelEnergy PLC(Gb) 1082,00 28,22 112IndBerkeley(Gb) 2746,00 27,84 113FinClose Bros(Gb) 1454,00 27,46 114PbuAtlantia(I) 17,94 27,46 115IndUpm-KymmeneOy(Fl) 13,20 27,17 116TelWincorNixdorf(D) 58,00 27,10 117FinSegro(Gb) 356,90 27,02 118FinSwissLife Hld(Ch) 215,70 26,78 119IndAalbertsInd.(Nl) 24,05 26,77 120BvoTuiTravel(Gb) 445,00 26,52 121SalGrifols(E) 40,48 26,33 122InfZodiac Aer.(F) 25,59 26,16 123SalRhoenKlinikum(D) 23,32 26,08 124IndRenault(F) 72,79 25,75 125FinCapital&Counti(Gb) 376,30 25,72 126InfIngenico(F) 69,06 25,71 127BvoSchibsted(Nok) 396,20 25,67 128PbuMoeller Maerskb(Dk) 63850 25,60 129FinEurazeo(F) 56,60 25,12 130FinIntl Personal Finance(Gb) 531,50 25,01 131PbuMarks & Sp.(Gb) 502,50 24,51 132PbuDelhaize Group(B) 52,36 24,14 133IndDCCPlc(Irl) 3166,00 24,12 134PbuBBA Aviation Plc(Gb) 328,40 23,82 135IndAcsCons Y Ser(E) 26,60 23,37 136FinAegon(Nl) 6,50 23,37 137PbuIntrumJustitia AB(S) 185,80 23,28 138IndSuez Env(F) 14,56 23,22 139FinPrudential(Gb) 1353,00 22,93 140PbuMetro(D) 30,34 22,65 141FinExor(I) 29,57 22,62 142IndSaint-Gobain(F) 43,16 22,59

143IndSika(Ch) 3230,00 22,56 144PbuTeleperformance(F) 44,88 22,53 145TelTelenetGrp Hldg(B) 45,42 22,04 146IndPirelli & C.(I) 12,67 21,99 147FinAxa(F) 18,91 21,95 148IndRheinmetall(D) 54,15 21,60 149SalAstrazeneca(Gb) 4103,00 21,54 150PbuStagecoach(Gb) 386,60 21,47 151IndScaniaB(S) 195,90 21,46 152PbuAdecco(Ch) 74,75 21,33 153PbuBabcockInt(Gb) 1454,00 21,31 154BpnAryztaAg(Ch) 73,35 20,61 155PbuEdp(P) 3,10 20,54 156InfSafran(F) 49,87 20,52 157Telfreenet(D) 24,14 20,42 158BvoA Springer(D) 50,37 19,95 159PbuEnel(I) 3,71 19,83 160FinAviva(Gb) 469,10 19,62 161SalSmith&Nephew(Gb) 950,00 19,61 162FinPohjola Bank(Fl) 16,80 19,47 163FinCNP Ass.(F) 15,54 18,77 164BvoGreene King(Gb) 907,00 18,68 165BvoAccor(F) 36,26 18,58 166PbuDrax(Gb) 798,50 18,57 167FinBnpParibas(F) 59,15 18,43 168PbuRandstad(Nl) 45,32 18,28 169Fin3IGroup(Gb) 413,60 18,21 170FinLandSecs(Gb) 1084,00 18,17 171EneNeste Oil(Fl) 15,36 18,05 172PbuKeskoB(Fl) 32,54 17,76 173InfCobham(Gb) 297,00 17,64 174FinDirect Line(Gb) 258,00 17,54 175FinIcap Plc(Gb) 427,50 17,32 176PbuVeoliaEnviron(F) 13,80 16,92 177PbuEurotunnel(F) 8,75 16,92 178InfAirbus Group(Nl) 53,78 16,82 179PbuAer.de Paris(F) 88,06 16,80 180TelCable&Wir(Gb) 53,45 16,70 181FinSchroders(Gb) 2673,00 16,68 182IndCarillion(Gb) 371,40 16,63 183BpnLindt&Spruengli(Ch) 51000 16,47 184PbuRedElectr Cor(E) 56,24 16,44 185FinGt PortlandE(Gb) 636,00 15,95 186BvoWoltersKluwer(Nl) 20,82 15,93 187IndImiPlc(Gb) 1513,00 15,30 188PbuCapita Group(Gb) 1158,00 15,27 189PbuAbertis(E) 17,26 15,26 190PbuEndesaS.A.(E) 23,96 14,79 191BvoReed Elsevier(Gb) 923,50 14,50 192FinGenerali(I) 16,25 14,45 193PbuCarrefour(F) 26,70 14,34 194IndMondi(Gb) 1035,00 14,23 195FinDanskeBank(Dk) 142,60 14,20 196BvoReed Elsevier(Nl) 16,04 14,17 197BvoProsiebensat1(D) 34,08 14,07 198FinFlughafenZuerich(Ch) 556,00 13,90 199PbuICAGruppen AB(S) 223,60 13,81 200FinBaloiseHld(Ch) 112,40 13,77 201FinProvidentFincl(Gb) 1834,00 13,74 202TelVivendi(F) 20,64 13,61



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





88BvoLagardereS.C.A.(F) 29,00 0,19 89IndValeo(F) 99,65 0,19 90BvoItv(Gb) 199,20 0,19 91BpnBooker(Gb) 173,20 0,19 92PbuHome Retail Group(Gb) 191,90 0,19 93IndSymriseAg(D) 35,23 0,18 94IndVallourec(F) 40,02 0,18 95FinIntl Personal Finance(Gb) 531,50 0,18 96IndKingspan Group(Irl) 14,45 0,18 97FinStorebrand(Nok) 37,50 0,18 98FinKbc Groep(B) 45,01 0,17 99FinMapfre(E) 2,99 0,17 100InfIngenico(F) 69,06 0,17 101IndEiffage(F) 51,06 0,17 102IndEssentra plc(Gb) 886,00 0,17 103FinResolution 375,50 0,17 104PbuMichaelPage(Gb) 493,10 0,16 105TelJazztel(Gb) 9,81 0,16 106TelAveva(Gb) 2130,00 0,16 107FinDnb(Nok) 107,70 0,16 108TelTelenor(Nok) 130,90 0,16 109IndJm(S) 208,00 0,16 110FinGbl(B) 70,94 0,15 111IndGeorgFischer(Ch) 687,00 0,15 112SalStada Arznei(D) 36,55 0,15 113SalNovo Nordisk(Dk) 257,00 0,15 114MatLafarge(F) 54,17 0,15 115PbuEurotunnel(F) 8,75 0,15 116PbuHowden Join(Gb) 379,30 0,15 117BvoWhitbread(Gb) 4397,00 0,15 118FinSeb A(S) 90,70 0,15 119SalSonovaHld(Ch) 124,50 0,14 120SalLonza(Ch) 92,95 0,14 121FinGAM Hld(Ch) 15,50 0,14 122IndUpm-KymmeneOy(Fl) 13,20 0,14 123PbuJCDecaux(F) 31,77 0,14 124InfZodiac Aer.(F) 25,59 0,14 125BpnTravisPerkins(Gb) 1959,00 0,14 126PbuNext(Gb) 6645,00 0,14 127TelTelecity(Gb) 654,00 0,14 128InfFinmecc.(I) 6,97 0,14 129PbuEnelGreen Power(I) 2,01 0,14 130PbuRandstad(Nl) 45,32 0,14 131TelGemalto(Nl) 81,30 0,14 132IndTrelleborg(S) 125,30 0,14 133IndClariant(Ch) 18,00 0,13 134FinJulius Baer(Ch) 41,11 0,13 135PbuDistribuidora Inte Alim(E) 6,19 0,13 136InfSafran(F) 49,87 0,13 137FinProvidentFincl(Gb) 1834,00 0,13 138IndSubsea7(Lu) 114,40 0,13 139IndKoninklijke Dsm(Nl) 45,95 0,13 140BpnLindt&Spruengli(Ch) 51000 0,12 141IndAbb(Ch) 22,47 0,12 142SalGalenica(Ch) 920,00 0,12

143BpnBeiersdorf(D) 74,00 0,12 144SalWilliam Demant(Dk) 508,50 0,12 145IndKoneCorporati(Fl) 29,54 0,12 146TelAtos(F) 69,52 0,12 147IndRenault(F) 72,79 0,12 148BvoTuiTravel(Gb) 445,00 0,12 149IndDCC Plc(Irl) 3166,00 0,12 150BpnLuxottica(I) 40,20 0,12 151FinHenderson(Gb) 251,50 0,12 152BpnScaB(S) 194,10 0,12 153IndAckermans V.Haar(B) 83,39 0,11 154IndEMS-ChemieHld(Ch) 337,75 0,11 155PbuHugo Boss(D) 95,61 0,11 156FinLegal & Genera(Gb) 239,20 0,11 157BpnBurberry Grp(Gb) 1522,00 0,11 158IndJohnsonMatthe(Gb) 3291,00 0,11 159BvoPaddyPower(Irl) 58,94 0,11 160FinExor(I) 29,57 0,11 161IndHexagon(S) 226,20 0,11 162IndAssaAbloy B(S) 326,50 0,11 163PbuDeutschePost(D) 26,77 0,10 164SalMerck Kgaa(D) 125,50 0,10 165IndGea Group(D) 34,94 0,10 166FinDeutscheWohnen(D) 15,19 0,10 167BpnAdidas(D) 83,14 0,10 168BvoProsiebensat1(D) 34,08 0,10 169SalNovorzymes(Dk) 251,70 0,10 170PbuKeskoB(Fl) 32,54 0,10 171PbuTeleperformance(F) 44,88 0,10 172FinAxa(F) 18,91 0,10 173InfThales(F) 48,62 0,10 174PbuHavas(F) 6,09 0,10 175IndSuez Env(F) 14,56 0,10 176FinAviva(Gb) 469,10 0,10 177IndRotor(Gb) 2665,00 0,10 178PbuRentokil(Gb) 126,50 0,10 179PbuBerendsen plc(Gb) 993,00 0,10 180PbuCapita Group(Gb) 1158,00 0,10 181PbuRyanair Hldgs(Irl) 7,44 0,10 182PbuSecuritasB(S) 69,45 0,10 183SalElekta(S) 85,55 0,10 184PbuDufry(Ch) 148,00 0,09 185FinPartnersHld(Ch) 227,70 0,09 186PbuKuehne&Nagel(Ch) 123,00 0,09 187IndGeberit N1(Ch) 274,20 0,09 188BpnAryztaAg(Ch) 73,35 0,09 189IndContinental AG(D) 173,00 0,09 190TelDeutscheTelek(D) 12,31 0,09 191SalFresenius(D) 110,80 0,09 192FinAllianz(D) 128,00 0,09 193TelAmadeus(E) 31,34 0,09 194BpnHermes Internat. SCA(F) 232,15 0,09 195PbuPublicisGroupe(F) 68,02 0,09 196FinDerwentLondon(Gb) 2749,00 0,09 197FinHsbcHoldings(Gb) 635,90 0,09 198PbuBabcockInt(Gb) 1454,00 0,09 199EnePremier Oil(Gb) 303,10 0,09 200BpnGlanbiaPlc(Irl) 10,88 0,09 201BpnKerry Group(Irl) 54,01 0,09 202InfAsml Holding(Nl) 62,81 0,09


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

1 Eni IT0003132476 v 63775 0,822 Intesa Sanpaolo 37681

Ordinarie IT0000072618 v 35893 1,78Risparmion.c. IT0000072626 v 1788 1,72

3 Enel IT0003128367 ¬ 36306 1,094 UniCredit 34492

Risparmion.c. IT0004781420 ¬ 21 1,23Ordinarie IT0004781412 ¬ 34471 n.s.

5 Generali IT0000062072 ¬ 25548 1,176 Luxottica IT0001479374 v 19106 0,367 Tenaris LU0156801721 u 18189 0,858 Atlantia IT0003506190 ¬ 15474 —9 TelecomItalia 15236

Ordinarie IT0003497168 ¬ 11302 1,00Risparmion.c. IT0003497176 ¬ 3933 —

10 Snam IT0003153415 ¬ 13859 0,5311 CNHIndustrial NL0010545661 ¬ 10906 —12 Fiat IT0001976403 v 10256 1,1713 EnelGreen Power IT0004618465 ¬ 10150 —14 TERNA IT0003242622 ¬ 7590 —15 Saipem 7567

Ordinarie IT0000068525 v 7567 1,24Risparmio IT0000068533 ¬ —

16 Exor IT0001353140 ¬ 7549 —17 Fondiaria-Sai 6856

Ordinarie IT0004827447 ¬ 5641 1,26Risparmion.c. IT0004827454 ¬ 300 0,78Risparmio IT0004827488 ¬ 915 —

18 Mediobanca IT0000062957 ¬ 6700 1,5119 Pirelli& C. 6082

Ordinarie IT0004623051 ¬ 5963 0,99Risparmion.c. IT0004623333 ¬ 119 0,80

20 STMicroelectr. NL0000226223 v 6067 0,8821 UBIBanca IT0003487029 ¬ 5955 1,5722 Mediaset IT0001063210 v 5014 1,5823 Mediolanum IT0001279501 ¬ 4877 1,5524 ParmalatS.p.a. IT0003826473 ¬ 4584 —25 Lottomatica IT0003990402 ¬ 4181 —26 Finmeccanica IT0003856405 ¬ 4048 1,4527 Prysmian IT0004176001 ¬ 3933 —28 SalvatoreFerragamo IT0004712375 u 3876 —29 Unipol 3680

Ordinarie IT0004810054 v 2371 1,06Privilegiate IT0004810062 ¬ 1309 1,33

30 AzimutHolding IT0003261697 ¬ 3657 —31 Campari IT0003849244 ¬ 3558 0,4132 Moncler IT0004965148 u 3369 —33 BancoPopolare IT0004231566 v 3086 1,8834 Tod's IT0003007728 ¬ 3040 0,6435 A2A IT0001233417 v 3000 1,2636 B.caPop. Emilia Rom. IT0000066123 v 2906 1,5437 WorldDuty Free IT0004954662 ¬ 2717 —38 Hera IT0001250932 v 2707 0,6039 Banca Generali IT0001031084 ¬ 2699 —40 BuzziUnicem 2690


41 MontePaschi IT0001334587 v 2661 1,8942 Recordati IT0003828271 v 2641 0,3543 De'Longhi IT0003115950 ¬ 2219 0,7444 Cr.Emiliano IT0003121677 ¬ 2208 1,3545 Salini Impregilo 2076

Ordinarie IT0003865570 ¬ 2055 0,78

Risparmion.c. IT0003865588 ¬ 20 0,2246 Italcementi 2053


47 Acea IT0001207098 v 2035 0,8448 B.caPop. Milano IT0000064482 v 2033 1,8249 Sias IT0003201198 v 1892 0,9050 YOOXS.P.A. IT0003540470 ¬ 1878 —51 Diasorin IT0003492391 v 1848 —52 Autogrill IT0001137345 ¬ 1845 0,6753 BBBiotech CH0038389992 ¬ 1737 0,2954 Danieli 1728


55 Brembo IT0001050910 ¬ 1577 0,9356 Erg IT0001157020 ¬ 1552 0,8657 Iren IT0003027817 v 1489 1,4958 AnsaldoSts IT0003977540 ¬ 1482 —59 Ima IT0001049623 v 1425 0,2260 BrunelloCucinelli IT0004764699 ¬ 1357 —61 B.caPop. Sondrio IT0000784196 ¬ 1347 0,9562 BeniStabili IT0001389631 v 1241 1,2563 IndesitCompany 1177


64 Cr.Bergamasco IT0000064359 ¬ 1169 0,6465 Saras IT0000433307 v 1160 —66 B.caCarige 1147

Risparmio IT0003308878 v 3 0,53Ordinarie IT0003211601 v 1144 1,22

67 EI TOWERS IT0003043418 ¬ 1138 —68 AutoTo-Mi IT0000084027 ¬ 1121 0,9369 InterpumpGr. IT0001078911 ¬ 1120 0,7770 Sorin IT0003544431 ¬ 1079 —71 SafiloGroup IT0004604762 u 1064 —72 CattolicaAss IT0000784154 ¬ 1035 0,8273 Cementir IT0003126783 ¬ 1024 0,9074 Amplifon IT0004056880 ¬ 1019 0,6175 Italmobiliare 967

Ordinarie IT0000074598 ¬ 659 1,11Risparmion.c. IT0000074614 v 308 1,00

76 Cir IT0000080447 v 917 0,9477 Marr IT0003428445 ¬ 912 —78 Piaggio IT0003073266 ¬ 904 —79 Gr.L'Espresso IT0001398541 v 806 1,1480 Geox IT0003697080 ¬ 799 —81 RCS Mediagroup 738

Ordinarie IT0004931496 ¬ 657 0,87Risparmion.c. IT0003039028 v 33 0,80Risparmio IT0004931520 ¬ 49 —

82 SAVE IT0001490736 ¬ 738 —83 Vittoria Ass. IT0000062882 v 720 0,6084 B.caIfis IT0003188064 ¬ 714 —85 Astaldi IT0003261069 ¬ 694 0,9886 EngineeringI.I. IT0003029441 v 664 0,2087 Cr.Valtellinese IT0000064516 ¬ 644 1,3788 Reply IT0001499679 ¬ 600 0,3589 CairoComm. IT0004329733 ¬ 583 0,7690 Sol IT0001206769 v 580 0,3791 TreviFin. IT0001351383 v 550 1,3492 B.caIntermobil. IT0000074077 ¬ 541 0,2593 MaireTecnimont IT0004931058 ¬ 531 —94 Sogefi IT0000076536 ¬ 500 0,83


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

95 Ascopiave IT0004093263 ¬ 500 —96 ZignagoVetro IT0004171440 v 492 —97 Datalogic IT0004053440 ¬ 490 0,2498 IGD IT0003745889 v 459 —99 Esprinet IT0003850929 v 419 1,56

100 Nice IT0003317945 v 413 —101 PoltronaFrau IT0004114846 v 412 —102 CellTherapeutics US1509348835 ¬ 408 —103 FalckRen. IT0003198790 ¬ 405 0,80104 Cofide IT0000070786 v 397 0,87105 Dea Capital IT0001431805 ¬ 393 0,48106 Mondadori IT0001469383 ¬ 359 0,99107 Tamburi Investimenti IT0003153621 v 352 —108 B.coDesio 348


109 Moleskine IT0004894900 v 341 —110 FieraMilano IT0003365613 ¬ 324 0,66111 IVSGroup LU0556041001 v 318 —112 Caltagirone IT0003127930 ¬ 310 0,62113 D'Amico LU0290697514 ¬ 307 —114 B.caProfilo IT0001073045 v 296 0,69115 VianiniLav. IT0003127864 ¬ 259 0,49116 FNM IT0000060886 ¬ 258 0,69117 Juventus IT0000336518 v 246 0,57118 Gasplus IT0004098510 ¬ 219 —119 Snai IT0000074903 ¬ 214 0,95120 Prelios IT0004923022 v 207 1,54121 DeLclima IT0004772502 ¬ 201 —122 TelecomItalia Media 195


123 Immsi IT0001413837 ¬ 194 0,74124 La Doria IT0001055521 v 189 0,32125 SaesGetters 186


126 Sesa IT0004729759 v 186 —127 Biesse IT0003097257 ¬ 186 1,26128 Risanamento IT0001402269 v 180 0,93129 Bon.Ferraresi IT0000074135 u 177 n.s.130 Cembre IT0001128047 v 170 0,40131 MutuiOnline IT0004195308 ¬ 169 —132 Sabaf IT0001042610 v 168 0,44133 B.caFinnat IT0000088853 ¬ 165 0,62134 B.caPop. Etruria Lazio IT0004919327 v 163 1,20135 LandiRenzo IT0004210289 ¬ 162 —136 KmeGroup 158

Ordinarie IT0004552359 ¬ 132 0,45Risparmion.c. IT0004552367 ¬ 26 0,59Risparmio IT0004867930 ¬ —

137 MolecularMedicine IT0001080248 ¬ 157 —138 CaltagironeEdit. IT0001472171 ¬ 156 0,76139 Mittel IT0001447348 v 153 0,48140 AlerionCleanp. IT0004720733 ¬ 152 0,35141 RomaA.S. IT0001008876 u 152 0,39142 Carraro IT0001046553 ¬ 146 1,25143 BasicNet IT0001033700 ¬ 145 0,25144 Emak IT0001237053 ¬ 141 0,34145 Damiani IT0004249329 v 141 —146 ce IT0004967292 ¬ 137 —147 Txte-solutions IT0001454435 ¬ 135 0,44148 Pininfarina IT0003056386 ¬ 131 0,83

149 Servizi Italia IT0003814537 ¬ 131 —150 SAT IT0000214293 v 129 —151 Reno De Medici IT0001178299 ¬ 129 0,75152 Tiscali IT0004513666 v 127 1,09153 Mediacontech IT0004991490 ¬ 126 0,64154 PrimaIndustrie IT0003124663 v 125 0,57155 Valsoia IT0001018362 ¬ 122 —156 Aeroporto Firenze IT0000346798 v 121 n.s.157 Elica IT0003404214 ¬ 119 —158 Retelit IT0004370463 ¬ 115 0,68159 Piquadro IT0004240443 ¬ 114 —160 Edison IT0003372205 ¬ 113 0,17160 Brioschi Svil. Imm. IT0000066180 v 106 0,99161 Beghelli IT0001223277 ¬ 105 0,83162 Acsm-Agam IT0001382024 v 102 0,95163 Acotel IT0001469953 ¬ 94 0,57164 BoeroB. IT0000066966 v 92 —165 Bolzoni IT0004027279 v 90 —166 TerniEnergia S.P.A. IT0004359037 v 89 —167 Tesmec IT0004585243 u 87 —168 El.En. IT0001481867 v 87 0,67169 Aeffe IT0001384590 ¬ 87 —170 B&C Speakers IT0001268561 ¬ 83 —171 CobraAutomotive IT0001142022 ¬ 83 —172 Monrif IT0000066016 ¬ 83 0,33173 Eurotech IT0003895668 ¬ 82 —174 Autos. Merid. IT0000084043 v 75 0,33175 M&C IT0003955009 u 75 —176 Premuda IT0003676282 ¬ 74 0,64177 Dada IT0001455473 v 70 0,60178 Ratti IT0004724107 ¬ 69 0,38179 Ciccolella IT0000080421 v 69 0,50180 EnervitS.p.a. IT0004356751 ¬ 67 —181 PanariaGroup IT0001467577 ¬ 66 —182 B.coSardegna IT0001005070 ¬ 65 0,28183 Gabetti IT0000062650 v 61 1,16184 Pol.S.Faustino IT0001352217 v 60 0,38185 PoligraficiEditoriale IT0000086923 v 58 0,49186 Irce IT0001077780 v 57 0,25187 Bialetti Industrie IT0004222102 v 56 —188 Bastogi IT0004412497 ¬ 56 0,45189 Ambienthesis IT0001042297 ¬ 54 0,54190 K.R.Energy IT0004841315 ¬ 53 0,82191 Aedes IT0000074028 ¬ 52 1,18192 Isagro IT0001069902 ¬ 51 —193 CSPInternational IT0001127874 v 50 0,31194 BeeTeam IT0001479523 v 50 1,39195 Exprivia IT0001477402 ¬ 48 1,02196 Gefran IT0003203947 v 48 0,78197 Zucchi 46


198 CAD IT IT0001489720 ¬ 46 0,71199 Vianini Ind. IT0003127898 v 44 0,30200 Kinexia IT0004441603 ¬ 44 0,41201 ClassEditori IT0001276408 v 41 1,03202 DigitalBros IT0001469995 ¬ 38 0,37203 AcquePotabili IT0004269327 ¬ 38 1,00204 Stefanel 37

Ordinarie IT0004607518 ¬ 37 0,80Risparmio IT0004607526 ¬ —

205 Pierrel IT0004007560 v 36 —206 S.S. Lazio IT0003621783 ¬ 36 0,36


la classifica di piazza affari

207 Grandi Viaggi IT0001244026 v 35 0,47208 Fullsix IT0001487047 ¬ 33 0,13209 Borgosesia 33

Ordinarie IT0003217335 ¬ 33 n.s.Risparmion.c. IT0003217368 ¬ —

210 CentraleLatte To IT0003023980 v 32 0,32211 IlSole24 Ore IT0004269723 ¬ 31 —212 Noemalife IT0004014533 ¬ 29 —213 ConafiPrestitò IT0004105653 ¬ 28 —214 Ergy IT0004370448 u 28 —215 SeatPagine Gialle 28

Risparmio IT0004458151 ¬ —Ordinarie IT0004458094 ¬ 28 —

216 BiancamanoS.p.a. IT0004095888 v 27 —217 CapeListed IT0004222458 v 27 —218 CIA IT0003389522 v 26 0,35219 Tas IT0001424644 v 26 0,75220 MondoTV IT0001447785 v 22 1,01221 Industria e Innovazione IT0004179088 v 21 —222 EEMS IT0001498234 v 20 —223 Caleffi IT0003025019 ¬ 19 —224 Ricchetti IT0003690283 ¬ 19 0,40225 BestUnion Company IT0004273915 ¬ 19 —226 ROSSS IT0004297575 ¬ 17 —227 Le BuoneSocietà IT0001339321 v 17 n.s.

228 Fidia IT0001498481 v 16 0,59229 SSBT IT0003745129 ¬ 16 —230 Olidata IT0001350625 ¬ 16 0,73231 Bioera IT0004711203 ¬ 15 —232 EuKedos IT0004818297 v 14 —233 ItWay IT0003057624 v 14 0,40234 Chl IT0001446613 v 13 0,87235 NOVA RE IT0001162509 ¬ 12 —236 Arena IT0001347175 ¬ 11 —237 Meridie IT0004283807 v 9 —238 DmailGroup IT0004819030 ¬ 6 1,46239 Investimentie Sviluppo IT0004942915 ¬ 5 1,00240 Sintesi IT0004659428 ¬ 5 0,54241 MovieMax IT0003765267 ¬ 4 —242 Montefibre 0

Ordinarie IT0003111462 u 0,95Risparmion.c. IT0003111520 u —

243 Cdc IT0001477337 ¬ 0 —244 Aicon IT0004167760 ¬ 0 —245 B.caPop. Spoleto IT0001007209 ¬ 0 0,56246 Crespi IT0001054904 ¬ 0 —247 CogemeSet IT0004092216 ¬ 0 —248 AiònRenew. IT0003926661 ¬ 0 —249 AntichiPellettieri IT0004016504 ¬ 0 —

TOTALE 519609

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) 251686,64 447,27 4,092 Google(USA) 216989,94 264,03 5,423 Exxon Mobil(USA) 214835,67 37,68 2,444 Roche Holding Ag(CH) 187024,31 101,14 15,475 Nestle Sa(CH) 176906,19 87,46 3,506 Royal Dtch Shl(NL) 173007,47 66,52 1,167 Royal Dtch Shl(GB) 172907,40 68,65 1,268 Microsoft Cp(USA) 167667,99 127,93 4,639 Novartis(CH) 164223,67 81,34 2,79

10 Berkshre Cl B(USA) 155604,46 136,22 1,5011 Hsbc Holdings(GB) 142688,58 89,26 1,0912 Toyota Motor C(JP) 141193,67 93,03 1,5013 Johnson Johnson(USA) 138828,06 77,39 3,9014 General Elec Co(USA) 137890,46 255,58 2,1315 Wells Fargo & Co(USA) 131329,36 429,63 1,6316 Wal-Mart Stores(USA) 128284,68 37,31 2,9817 Ab Inbev(B) 120591,16 269,55 3,8418 Jpmorgan Chase(USA) 116733,33 219,98 1,0919 Chevron(USA) 115789,90 85,10 1,5620 Procter & Gamble(USA) 111835,93 56,54 3,3521 Total(F) 111572,54 31,92 1,4522 Pfizer Inc(USA) 110796,56 136,07 2,8023 Bp(GB) 109196,04 17,68 1,2724 Verizon Comms(USA) 103884,58 65,93 3,9225 Intl Bus Machine(USA) 103289,18 95,37 10,8126 Glaxosmithklin(GB) 99723,80 65,91 14,0127 Sanofi(F) 99668,39 82,21 1,7328 Facebook(USA) 96721,40 — 14,5629 Bank Of America(USA) 96623,53 396,97 0,8230 Oracle(USA) 94157,46 148,28 4,0331 Amazon Com(USA) 90642,80 425,05 20,1132 Coca-Cola Co(USA) 89555,98 85,07 5,0933 At&T(USA) 88670,88 30,07 1,9134 Merck & Co(USA) 88653,13 134,63 2,9935 Siemens(D) 86314,96 152,27 2,7336 Volkswagen Pref.(D) 85299,60 465,81 1,1137 Bayer(D) 82686,51 180,08 4,4838 Citigroup(USA) 79536,30 342,49 0,7739 Vodafone Group(GB) 79231,13 103,22 1,6640 Walt Disney Co(USA) 76779,35 372,23 3,6341 B. Santander(E) 76592,08 62,90 0,9042 Brit Am Tobacc(GB) 76321,76 97,45 8,6143 Basf(D) 74552,92 290,24 3,0344 Visa Inc(USA) 74229,43 280,92 5,2445 Bnp Paribas(F) 73912,86 165,78 0,9446 Daimler(D) 73740,46 279,78 1,6947 L Oreal(F) 73056,81 156,57 3,5148 Comcast Corp A(USA) 71241,49 294,92 2,7149 Lloyds Bnk Grp(GB) 70198,81 303,82 1,2950 Sap(D) 70184,45 122,21 4,8051 Qualcomm Inc(USA) 68720,27 102,20 3,8252 Royal Bk Can(CAN) 68685,85 147,57 2,6553 Philip Morris(USA) 68114,27 124,70 —54 Gilead Sci(USA) 67564,78 245,74 13,8055 Lvmh(F) 67139,34 189,04 2,7056 Inditex(E) 66104,19 328,31 7,8357 Pepsico Inc(USA) 65451,14 61,14 5,4758 Intel Corp(USA) 64564,30 81,77 2,3459 Eni(I) 63743,61 34,41 1,0760 Schlumberger Ltd(USA) 63711,78 132,39 3,38

61 Astrazeneca(GB) 61989,49 85,04 3,4662 Home Depot Inc(USA) 61883,50 317,19 6,7563 Toronto Dom Bk(CAN) 61051,47 186,24 2,0964 Cisco Systems(USA) 59711,68 37,27 2,1965 Mitsub Ufj Fg(JP) 58986,31 39,19 0,7366 Ubs Ag(CH) 58774,60 95,80 1,5467 Allianz(D) 57610,30 157,34 1,0768 Sabmiller(GB) 57045,10 206,24 2,8769 United Tech Cp(USA) 56955,21 182,77 3,9470 Diageo(GB) 56815,18 139,72 8,3071 Rio Tinto(GB) 56229,27 128,34 2,1072 Deutsche Telek(D) 54304,33 32,03 2,0373 H & M B(S) 53717,53 83,29 10,8574 Glencore(GB) 53682,45 — 1,2075 Edf(F) 53568,24 1,75 2,0676 Bbva(E) 53172,92 99,52 1,2177 Bmw(D) 53100,23 327,14 1,7878 Ntt Docomo(JP) 52084,68 13,83 1,2879 Amer Express Co(USA) 51891,97 714,61 5,1680 Telefonica(E) 51016,98 -22,48 2,4681 Bk Nova Scotia(CAN) 50960,65 143,11 2,1482 Boeing Co(USA) 50746,13 300,21 15,8283 Amgen(USA) 50497,66 144,17 4,6184 Barclays(GB) 50195,02 316,91 0,6285 Mcdonald'S Corp(USA) 49853,23 70,62 6,2886 Bristol Myers Sq(USA) 49514,65 192,26 5,3787 Unilever NV(NL) 49238,41 103,44 5,3688 Mastercard Cl A(USA) 49179,55 386,10 13,4789 Bhp Billiton(GB) 48400,04 70,10 2,4790 Honda Motor(JP) 48043,86 65,13 1,3491 United Parcel B(USA) 47545,66 121,82 18,8292 3M Company(USA) 47013,81 187,56 5,0193 Ntt(JP) 47007,61 49,59 0,8394 Cvs Caremark Crp(USA) 45862,96 170,69 2,3395 Japan Tobacco(JP) 45796,32 182,26 3,3196 Smfg(JP) 45684,72 53,84 0,9797 Axa(F) 45600,94 194,74 0,9298 Gdf Suez(F) 45554,12 -21,98 0,7599 Bg Group(GB) 45537,63 17,63 1,83

100 Royal Bank Sco(GB) 45069,94 57,50 0,58101 Union Pacific Cp(USA) 44461,24 375,17 4,21102 Abbvie(USA) 43528,95 — 23,30103 Abb(CH) 43308,83 67,77 3,37104 Conocophillips(USA) 43086,03 124,38 1,60105 Reckit Bncsr G(GB) 42908,12 96,15 5,99106 Biogen Idec(USA) 42474,80 609,44 9,54107 Prudential(GB) 42474,11 516,74 3,36108 Nordea(S) 42000,66 186,46 1,54109 Airbus Group(F) 41316,89 408,19 4,16110 Goldm Sachs Grp(USA) 41250,72 92,11 1,14111 Unitedhealth Gp(USA) 40889,78 335,64 2,51112 Occidental Pete(USA) 40796,64 76,76 1,86113 Richemont I(CH) 40782,17 496,90 3,89114 Ebay Inc(USA) 40389,60 413,92 3,56115 Twenty First C. Fox(USA) 40211,67 556,16 3,21116 Us Bancorp(USA) 40030,80 320,05 2,17117 Ing Groep(NL) 39795,37 415,94 0,72118 Amer Intl Group(USA) 39490,17 692,51 0,74119 Honeywell Intl(USA) 39341,50 261,57 5,51120 Kddi(JP) 39248,13 151,82 2,10

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

areaeuro4Origin Finance XS0976227016 BBB 10-21 105,248 2,703JpmorganChase XS1034975406 A 02-26 102,964 2,703Orang FR0011560077 BBB 01-24 103,670 2,693Bhp BillFin XS0834385923 A 09-27 106,174 2,693BatIntl Finance XS0909359332 A 03-25 100,540 2,691Eib XS0975634204 AAA 10-33 104,559 2,691Obb-Infra XS0984087204 AA 10-33 104,627 2,693FerrovialEmis XS0940284937 BBB 06-21 104,554 2,673SpiE&G Aus XS1030143447 A 02-24 102,837 2,673Bpce Sa FR0011689579 A 07-24 103,015 2,663CrhFinanc XS0909369489 BBB 04-23 103,648 2,663OpenGrid Europe XS0942082115 A 06-25 102,017 2,663Wpp XS0995643003 BBB 11-23 102,837 2,663Snam XS1019326641 BBB 01-24 104,985 2,662Teliasonera XS0545428285 A 10-25 111,985 2,653Omv XS0834371469 A 09-27 109,510 2,653TlefonicaEmisns XS0907289978 BBB 03-21 108,264 2,654NlWaterschapsbk XS0614464609 AA 04-31 70,884 2,643Nwb XS0969846269 AA 09-31 104,881 2,641Obb-Infra XS0782697071 AA 05-32 110,639 2,633Anglo AmericaCa XS0923361827 BBB 04-21 99,124 2,633AmericaMovil XS0954302104 A 07-23 105,090 2,633Hera XS0976307040 BBB 10-21 104,133 2,631SiemensFinancrg DE000A1UDWN5 A 03-28 102,920 2,622Edf FR0010800540 A 09-24 118,180 2,623Kpn XS0811124790 BBB 02-21 103,880 2,621EuropeanFin Sta EU000A1G0AJ7 AA 03-32 117,942 2,613Bouygues FR0011332196 BBB 01-23 107,960 2,603WestfieldRet 1 XS0969523843 A 09-23 105,362 2,601Heineken Nv XS0758420748 BBB 03-24 107,941 2,591Telekom Austria XS0767278301 BBB 04-22 110,113 2,593RioTint Finance XS0863127279 A 12-24 102,573 2,593GasNat FenFin XS0875343757 BBB 01-23 110,030 2,593WoltersKluwer XS0907301260 BBB 03-23 102,226 2,593Rbrt BschInv XS0934539726 AA 05-28 100,324 2,593Oracle XS0951216166 A 07-25 105,156 2,593A2A XS0951567030 BBB 07-21 111,040 2,593IntBus XS0991099630 AA 11-25 102,780 2,593Mcdonalds XS1004551294 A 12-25 102,771 2,591EuropeanFin Sta EU000A1G0BL1 AA 12-29 102,141 2,583Snam XS0829190585 BBB 03-22 120,129 2,583FranceTelecom XS0827999318 BBB 03-23 99,416 2,571AbnAmroBan XS0937858271 A 11-23 99,382 2,571Eib XS0083892256 AAA 02-28 135,474 2,561Eib XS0093667334 AAA 02-28 135,474 2,561Eib XS0505157965 AAA 04-30 118,798 2,563PhilipMorris XS0787527349 A 05-24 102,752 2,563Bacardi XS0947658208 BBB 07-23 101,473 2,563AeroportiDi Rom XS1004236185 BBB 02-21 104,319 2,563Erdoel-Lager XS0905658349 AA 03-28 102,320 2,553EnergaFinance XS0906117980 BBB 03-20 103,844 2,553Smbc XS0937853983 A 07-23 101,584 2,553BanqueFedera XS0997775837 AA 11-23 103,770 2,553Telenor XS0933241456 A 05-25 99,548 2,543SaintGobn XS0938999629 BBB 12-23 102,772 2,543Alstom FR0011531631 BBB 07-19 102,292 2,531De Telekom Intl XS0847580353 BBB 10-24 101,960 2,531Eib XS0960306578 AAA 09-30 102,810 2,533EleniaFin XS1005068587 BBB 12-20 102,097 2,53

1Eu EU000A1G1Q17 AAA 04-32 112,247 2,523Accor FR0011731876 BBB 02-21 100,624 2,523TotalCaptl Int XS0994991411 AA 11-25 103,650 2,511Telekom Finanz XS0999667263 BBB 12-21 104,229 2,511GoldmnSachs XS1032978345 BBB 10-21 99,904 2,513Bpce FR0011390921 A 01-24 103,300 2,493Telenor XS0862442331 A 12-24 101,177 2,491RweFinance XS0982019126 BBB 01-24 104,353 2,493Oseo FR0011417591 AA 10-25 102,654 2,483CarlsbergBrews XS0854746343 BBB 11-22 101,043 2,483Mcdonalds XS0857662448 A 11-24 98,950 2,483GasNat FenFin XS0914400246 BBB 04-22 110,064 2,483Origin Finance XS0920705737 BBB 10-20 100,086 2,483FVan Lanscht Bk XS0940685091 BBB 06-18 102,526 2,483FerrovDel St It XS0954248729 BBB 07-20 108,780 2,483AuPacAirport XS0974122516 A 09-23 105,414 2,481Vattenfall Trsy XS0191154961 A 04-24 125,758 2,473AtAndT Inc XS0903433513 A 03-23 100,164 2,473Bouygues FR0011193515 BBB 02-22 114,500 2,463Areva FR0011560986 BBB 09-20 104,654 2,462AmericaMovil XS0519902851 A 06-22 116,970 2,463MondiFin XS0834719303 BBB 09-20 105,428 2,463Credit Agri Lon XS0953564191 A 07-23 105,440 2,463Eandis BE0002443183 A 10-23 103,520 2,453GreatWestLife XS0918600668 A 04-23 100,387 2,453Repsol IntlFina XS0975256685 BBB 10-21 108,023 2,453Securitas XS0996455399 BBB 02-21 101,079 2,453Bpce Sa FR0011280056 A 02-23 114,270 2,443Teliasonera XS0746010908 A 02-24 110,338 2,443NlWaterschapsbk XS0755239471 AA 03-27 108,864 2,443AkzoNobel Fin XS0809847667 BBB 07-22 101,330 2,44

sterlina inglese4GreaterGabbard XS0995413340 A 11-32 102,778 3,924GlaxoCap XS0866588527 A 12-27 94,008 3,901NedWaterschap XS0130092793 AA 06-32 119,070 3,851WalMart XS0121617517 AA 12-30 123,207 3,854SouthernGasNet XS0686570242 BBB 10-23 107,764 3,844Ncm Hldg XS0627333221 BBB 01-23 110,090 3,844BatIntl Finance XS0969309847 A 09-26 101,240 3,834Jpmorg Chas XS0866897829 A 12-26 96,638 3,834Rolls-Royce XS0944831154 A 06-26 95,374 3,811London StEx Grp XS0846486040 BBB 11-21 106,448 3,774IntercontHotels XS0859098351 BBB 11-22 100,580 3,754Bae Systems XS0789683462 BBB 06-22 102,354 3,753XstrataCan Fin XS0366204393 BBB 05-20 119,628 3,734Abinbev BE6258029741 A 09-25 102,150 3,734SiemensFinancrg DE000A1G85C2 A 09-25 90,755 3,711Eib XS0114126294 AAA 06-32 125,273 3,664Bhp BillFin XS0834399635 A 09-24 96,192 3,653Abinbev BE0934986036 A 07-24 151,796 3,624MetroLife Globl XS0834641358 AA 09-26 99,119 3,581Eib XS0415532273 AAA 06-29 110,213 3,584Next XS0630204351 BBB 10-21 111,819 3,541Eib XS0085727559 AAA 12-28 127,530 3,531LcrFinance Plc XS0094804126 AA 12-28 111,152 3,523MarksSpencer XS0471074582 BBB 12-19 113,160 3,513NtwrkRail Infrt XS0236698972 AA 12-30 110,289 3,511Eib XS0768478868 AAA 12-27 102,896 3,451Ebrd XS0091740018 AAA 12-28 124,349 3,45

datial 06.03.2014 codiceisin rating obbligazioneemittente prezzo rend.

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quanto rendono i bond

4Ge CapitalUk XS0971723233 A 09-23 105,203 3,443United Utlts Wtr XS0419346977 BBB 03-22 115,742 3,444WessexWater Fin XS0731849831 BBB 09-21 103,708 3,401WorldBank XS0113708969 AAA 06-32 130,967 3,401DtschBahnFin XS0954706023 AA 07-26 97,490 3,344MetroLife Globl XS0873675846 AA 01-23 96,618 3,314Svenska Hndlsbnk XS0860538379 AA 12-22 95,561 3,311Rabobank XS0758779192 AA 09-22 104,801 3,314Scot SthrnEnrgy XS0677073206 A 09-21 106,167 3,281GknHoldings XS0103214762 BB 10-19 117,520 3,251Eib XS0110373569 AAA 04-25 120,427 3,244Pepsico XS0849673602 A 11-22 94,624 3,211NestleFin XS0860561942 AA 11-23 92,157 3,173NatlAust Bank XS0472503589 AA 12-21 113,052 3,163Johnson&Johnson XS0329524457 AAA 11-24 120,543 3,161Raiffeisen XS0577372476 AA 01-21 109,720 3,004Nrif XS0969593549 AA 09-23 99,945 2,981Ge CapitalUk XS0463588052 A 11-20 117,015 2,98

dollaro usa4Gazprom US368266AR33 BBB 07-22 97,125 5,384Pertamina USY7138AAE02 BB 05-23 92,300 5,374Ntpc XS0835676353 BBB 10-22 95,956 5,344Pertamina USY7138AAC46 BB 05-22 97,150 5,311Adt USU0072PAE44 BB 10-21 105,750 5,314Boc Aviation XS0925008533 BBB 05-23 93,323 5,304SamMin USP84050AA46 BBB 11-22 91,912 5,304Fresnillo USG371E2AA61 BBB 11-23 101,450 5,301Highmark USU43236AB14 BBB 05-21 96,760 5,294Alpek USP01703AB65 BBB 08-23 100,553 5,294Turkiye Vakiflar US90015WAB90 BBB 10-18 98,928 5,261Bellsouth US079860AD40 A 10-31 118,375 5,264LsFinance XS0841191991 BBB 10-22 93,113 5,25

4China Ovrs Fin V XS0852986156 BBB 11-22 90,938 5,244NanFung XS0831371264 BBB 09-22 94,995 5,234OngcVidesh XS0922882344 BBB 05-23 89,373 5,224FransBril XS0955717946 BB 10-18 100,699 5,204Ebr2209 XS0831571434 BBB 09-22 97,047 5,204Turkiye Vakiflar XS0987355939 BBB 10-18 99,230 5,181PetrobrasIntl US71645WAR25 BBB 01-21 101,146 5,174IsBank XS0808632250 BBB 10-18 94,314 5,154Calidda USP47113AA63 BBB 04-23 94,431 5,154Latam Airlines USG4182JAA19 BBB 12-20 104,791 5,154IsBank US900151AD37 BBB 10-18 94,323 5,154Kazmunaygaz XS0925015074 BBB 04-23 94,591 5,144Kazmunaygaz US46639UAA34 BBB 04-23 94,626 5,144Turkiye IhrBnk US30214YAD67 BB 04-19 103,236 5,1441MdbGlobal XS0906085179 A 03-23 94,931 5,111Pacific Lifecorp USU69452AA58 BBB 09-33 118,318 5,104OdebrechtFin USG6710EAK67 BBB 06-22 100,110 5,101EmbraerOverseas USG30376AB69 BBB 09-23 104,418 5,104CosFin 2011 XS0858461758 A 12-22 92,427 5,084PlnPersero US71568QAA58 BB 11-21 102,590 5,084Banco Do Brasil US05958AAJ79 BBB 10-22 91,646 5,084Transnet Soc XS0809571739 BBB 07-22 92,890 5,054Lukoil Intl Fin US549876AE01 BBB 11-20 105,980 5,054Transnet Soc US89378TAC71 BBB 07-22 92,918 5,041SeagateHdd USG79456AD42 BB 06-23 98,000 5,021Vodafone Grp US92857WAB63 A 11-32 115,199 4,994Turkiye Vakiflar XS0916347759 BBB 04-18 95,480 4,984SocQuimic YMin USP8718AAF32 BBB 04-23 90,203 4,984Cielo USP28610AA46 BBB 11-22 91,375 4,984China MerFin XS0775625246 BBB 05-22 100,297 4,954Turkiye Vakiflar US90015WAA18 BBB 04-18 95,577 4,951Rio Tinto Aln US013716AQ81 A 03-31 126,234 4,95

fonte: Ufficio Studi su dati Thomson Reuters


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scad. indic. effet.


bond bancari a cura di

IT0004990971 BcaImi 14-18 2%(Tv) TassoMisto 2/Irs2 Anni+0,2/Cap 3%/Floor 1,5% 80 10/03/2014 10/03/2018 Si BBB — 1,75 1,65IT0004991953 Intesa Sanpaolo14-17 1% Step-Up Step-Up 1,00/2,00 36 10/03/2014 10/03/2017 Si BBB 137 1,33 1,12IT0004992282 Intesa Sanpaolo14-17 1.50% Fisso 1.5 120 10/03/2014 10/03/2017 Si BBB 137 1,5 1,12IT0004992332 Intesa Sanpaolo14-19Tv Variabile Euribor3m+1,50 500 10/03/2014 10/03/2019 Si BBB 137 1,81 1,55IT0004998529 BcaPop Pugliese14-16 1.60% Fisso 1.6 20 10/03/2014 10/03/2016 No — 1,6 0,66IT0004998537 BcaPop Pugliese14-19 3% Fisso 3 15 10/03/2014 10/03/2019 No — 3,02 1,94IT0004998560 BcaPop Pugliese14-17 1.90% Fisso 1.9 15 10/03/2014 10/03/2017 No — 1,91 1,12IT0004998594 BcaPop Pugliese14-17 2% Fisso 2 15 10/03/2014 10/03/2017 No — 2,01 1,12IT0004998644 BcaPop Pugliese14-19 2.90% Fisso 2.9 15 10/03/2014 10/03/2019 No — 2,92 1,94IT0004998693 BcaPop Pugliese14-16 1.50% Fisso 1.5 20 10/03/2014 10/03/2016 No — 1,5 0,66IT0004992506 Intesa Sanpaolo14-20 3%(Tv) TassoMisto 3/Euribor3m+1/Cap 4%/Floor1,55% 350 13/03/2014 13/03/2020 Si BBB 137 3 2,39IT0004991995 IccreaBca Sub14-21 4.75% Fisso/Sub 4.75 200 14/03/2014 14/03/2021 Si BBB — 4,75 2,71IT0004998818 BcaPiemonte 14-161.30% Fisso/Call 1.3 25 17/03/2014 17/09/2016 No — 1,3 0,89IT0004991961 Unicredit 14-17 1.60%Step-Up Step-Up 1,60/2,60 750 18/03/2014 28/12/2017 Si BBB 158 1,99 1,65IT0004992357 Veneto Bca 14-162.25% Fisso 2.25 120 18/03/2014 18/03/2016 Si BB — 2,26 0,66IT0004992209 Mps14-17 3% Fisso 3 200 21/03/2014 21/03/2017 Si BBB 305 3,02 1,27IT0004992613 Mps14-17 2.50% Fisso 2.5 1300 21/03/2014 21/03/2017 Si BBB 305 2,51 1,27IT0004992662 Mps14-17 2.75% Fisso 2.75 250 21/03/2014 21/03/2017 Si BBB 305 2,77 1,27IT0004992779 Mps14-17 2.65% Fisso 2.65 400 21/03/2014 21/03/2017 Si BBB 305 2,67 1,27IT0004997513 Veneto Bca 14-193.50% (Tv) TassoMisto 3,5/Euribor6m+1 110 25/03/2014 25/03/2019 Si BB — 2,26 2,1IT0004997711 Veneto Bca 14-182.25% Step-Up Step-Up 2,25/3,00 150 25/03/2014 25/03/2018 Si BB — 2,63 1,81IT0004992696 UbiBca 14-17 2% Step-Up Step-Up 2,00/2,60 10 31/03/2014 31/03/2017 No BBB- 140 2,31 1,27IT0004997398 UbiBca 14-16 2.10% Fisso 2.1 20 31/03/2014 31/03/2016 No BBB- 140 2,11 0,66IT0005000069 UbiBca 14-19 1.30%Step-Up Step-Up 1,30/3,00 125 31/03/2014 31/03/2019 No BBB- 140 1,92 2,1IT0005000085 UbiBca 14-21 2%(Tv) TassoMisto 2/Euribor6m+0,50 125 31/03/2014 31/03/2021 No BBB- 140 1,38 2,71IT0005000119 UbiBca 14-18 1.70% Step-Up Step-Up 1,70/2,70 70 31/03/2014 31/03/2018 No BBB- 140 2,11 1,81IT0005000135 UbiBca 14-17 1.90% Fisso 1.9 70 31/03/2014 31/03/2017 No BBB- 140 1,91 1,27IT0005000143 UbiBca 14-16 2.25% Fisso 2.25 25 31/03/2014 30/09/2016 No BBB- 140 2,26 0,89IT0005000150 UbiBca 14-16 1.30% Fisso 1.3 350 31/03/2014 31/03/2016 No BBB- 140 1,3 0,66IT0005000168 UbiBca 14-18 2.20% Fisso 2.2 100 31/03/2014 31/03/2018 No BBB- 140 2,21 1,81IT0005000176 UbiBca 14-17 2.20% (Tv) TassoMisto 2,2/Euribor12m+1,30 40 31/03/2014 31/03/2017 No BBB- 140 1,97 1,27IT0005000226 UbiBca 14-17 2.75% Fisso 2.75 10 31/03/2014 31/03/2017 No BBB- 140 2,77 1,27IT0004998172 Mediobanca14-22 2.50% (Tv) TassoMisto 2,5/Euribor3m+1,50 15 02/04/2014 02/04/2022 Si BBB 129 2,52 2,99IT0005001315 Intesa Sanpaolo14-19Tv Variabile Euribor3m+1,30 500 09/04/2014 09/04/2019 Si BBB 137 1,61 2,26IT0005001372 BcaImi 14-18 1.50%(Tv) TassoMisto 1,5/Euribor3m/Cap2,70% 80 09/04/2014 09/04/2018 Si BBB — 0,38 1,81IT0005001406 Intesa Sanpaolo14-17 1.40% Fisso 1.4 150 09/04/2014 09/04/2017 Si BBB 137 1,4 1,27IT0005002131 Intesa Sanpaolo14-20 3.50%(Tv) TassoMisto 3,5/Euribor3m+1/Cap 3,3%/Floor1,5% 250 09/04/2014 09/04/2020 Si BBB 137 2,19 2,39IT0005002339 Intesa Sanpaolo14-20 3%(Tv) TassoMisto 3/Euribor3m+0,8/Cap 3,5%/Floor 1,3% 250 09/04/2014 09/04/2020 Si BBB 137 1,89 2,39IT0005000218 BcaImi 14-202.85% St-Down/Up Step-Down/Up 2,85/2,25/2,85 300 30/04/2014 30/04/2020 Si BBB — 2,41 2,39IT0004997927 BcaImi 14-203% IndexLinked IndexLinked 3/IndexLinked 200 07/05/2014 07/05/2020 Si BBB — 0,51 —

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

(1) 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% 103,30 1,45 1,31 0,9998IT0004821432 giu-16 3,55% 105,89 1,57 1,44 1,0000IT0004863608 ott-16 2,55% 104,00 1,63 1,51 0,9972IT0004917958 apr-17 2,25% 103,28 1,80 1,70 0,9972IT0004969207 nov-17 2,15% 102,93 1,96 1,92 0,9973BTplegati all'inflazione europeaIT0004682107 set-16 2,10% 104,48 1,00 1,21 1,06685IT0004085210 set-17 2,10% 105,02 1,35 1,67 1,15822IT0004380546 set-19 2,35% 106,32 1,70 2,29 1,10317IT0004604671 set-21 2,10% 102,48 2,34 3,11 1,07968IT0004243512 set-23 2,60% 103,92 2,77 3,70 1,13775IT0004735152 set-26 3,10% 107,51 3,05 4,15 1,05685IT0003745541 set-35 2,35% 96,80 3,22 4,51 1,19132

IT0004545890 set-41 2,55% 94,47 3,53 4,88 1,08274BTpIT0004840788 lug-15 4,50% 105,23 0,60 20IT0004761950 set-16 4,75% 109,16 1,05 55IT0004867070 nov-17 3,50% 106,83 1,57 87IT0004361041 ago-18 4,50% 111,32 1,82 100IT0004489610 set-19 4,25% 110,83 2,15 111IT0004594930 set-20 4,00% 109,07 2,49 124IT0004695075 set-21 4,75% 113,16 2,81 142IT0004848831 nov-22 5,50% 117,62 3,18 167IT0004644735 mar-26 4,50% 109,18 3,58 157IT0003256820 feb-33 5,75% 122,55 4,07 185IT0003934657 feb-37 4,00% 100,53 4,00 146IT0004532559 set-40 5,00% 111,57 4,31 189

BTPREALI E NOMINALI A CONFRONTOtitolidistato inflationlinked a confronto coni piùtradizionali btp a tasso fisso.dati al06.03.2014isin scadenza cedola prezzo rendim rendim index isin scadenza cedola prezzo rendim asw

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

GUIDAALLA LETTURALe due tipologie di BTp inflation linked sono prodotti che rispetto ai normali BTp nominali, oltre a prevedere il rimborso del valore nominale a scadenza,offrono unrendimento indicizzato all'andamento del costo della vita. In particolare i BTp Italia è un titolo indicizzato all'inflazione italiana (indice Foi dei prezzi al consumo),mentre i BTpEi in circolazione sono agganciati all'inflazione dell'area euro. I BTp Italia retrocedono l'inflazione insieme alla cedola, ogni sei mesi. I BTp legatiall'inflazione area euro, invece, riconoscono tutta la rivalutazione legata alla crescita del carovita a fine periodo. Pertanto, a differenza dei BTpEi che rimborsano ascadenzailvalorenominalerivalutato,moltiplicandoilcapitalenominalesottoscrittoperilcoefficientediindicizzazione, ilBTpItaliarimborsainun'unicasoluzionea scadenza soltanto il valore nominale (100) che non viene cioè aggiustato per l'inflazione del periodo. La remunerazione semestrale offerta dal BTp Italia è paridunque alla somma tra la cedola aggiustata per l'inflazione più la rivalutazione del capitale. Inoltre, a differenza dei BTpEi, che prevedono una protezione dalladeflazione (variazione percentuale negativa dei prezzi) o floor sul capitale e soltanto a scadenza, il BTp Italia offre una protezione anche sulle cedole, venendocomunquecalcolatesulcapitalenominalesottoscritto: incasodideflazioneinundeterminatosemestre, ilcoefficientedi indicizzazionemodificatoeutilizzatopericalcolièparia1(limiteinferiore).Infine,percalcolareilcoefficientedi indicizzazionedeiBTpEisideverapportarel'inflazionediriferimentodelladatadiregolamen-todell'operazionedicompravenditaall'inflazionediriferimentodelladatadigodimentodeltitolo.PerilBTpItalia,aldenominatorecomparel'inflazionediriferimen-to (numero indice) della data di pagamento della cedola precedente oppure, se si tratta della prima cedola, della data di godimento del titolo. I risparmiatori chedetengonoiBTpItalia dall'emissionealla scadenza avrannoalrimborsoanche unpremiofedeltà pari allo 0,4%lordosul valorenominale.1Rendimentoascadenza:Rendimentoascadenza:rendimentocalcolatoconsiderandocostanteil livellodeltassodiinflazioneattuale,parial0,6%perl’Italiaeallo0,7%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 2247 101,240 * 2,41 0,52 4,35 — 4,56 0,74 4,10XS0161100515 Telecomfinge-33 7.75% 24-01-2003 24-01-2033 1398 118,930 * 6,04 1,98 11,12 11,51 10,48 1,06 11,19IT0004917842 Mediobancaap-23 5.75% subord BBB 18-04-2013 18-04-2023 1359 109,999 4,39 1,15 7,11 — 5,31 1,18 7,33IT0004794142 Enel20-02-18 4.875% BBB 20-02-2012 20-02-2018 1215 111,963 1,72 — 3,70 9,99 3,06 0,36 3,06FR0010014845 Giepsatresor st-336% 19-09-2003 19-09-2033 1215 106,630 * 5,43 1,34 11,96 32,35 8,22 0,04 11,04IT0004966823 B.Popolare18-11-20 5.5% subord 18-11-2013 18-11-2020 1096 105,654 4,13 2,20 4,20 — 3,74 2,48 5,69IT0004869985 Atlantia30-11-18 3.625% BBB 30-11-2012 30-11-2018 1035 108,419 1,75 -0,19 4,41 10,05 3,44 0,05 3,47IT0001200390 Comit17-02-28 zc BBB 17-02-1998 17-02-2028 827 60,565 3,66 -0,13 13,95 27,87 13,23 -2,60 10,36IT0004645542 Mediobancanv-20 5%subord BBB 15-11-2010 15-11-2020 826 107,392 3,72 1,15 5,81 10,97 3,56 1,31 6,13IT0004783046 Mediobancadc-17 zc BBB 12-12-2011 12-12-2017 728 92,581 2,07 0,43 3,76 9,55 2,97 0,70 3,47IT0004908841 Intesaspaolo15-05-19 su 15-05-2013 15-05-2019 595 104,920 * 2,49 0,42 4,76 — 3,84 0,58 4,37IT0004608797 Mediobancamg-204.5% BBB 14-05-2010 14-05-2020 571 109,477 2,80 0,39 5,39 11,41 5,06 0,55 4,97IT0004698426 Unicredit 31-03-18su subord 31-03-2011 31-03-2018 557 103,590 * 2,99 2,13 1,93 7,24 2,64 1,79 2,93IT0004967383 Unicredit 29-11-162.3% 29-11-2013 29-11-2016 535 101,190 * 1,84 0,66 2,66 — — 1,01 2,67IT0004780562 Unicredit 31-01-19tf/su subord 23-12-2011 31-01-2019 525 111,130 * 3,61 2,34 2,71 11,45 3,94 2,67 4,41IT0004760655 Eni11-10-17 4.875% A 11-10-2011 11-10-2017 482 112,490 1,29 -0,28 3,34 4,64 1,09 0,09 2,45IT0004764004 Unicredit 31-10-18 susubord 31-10-2011 31-10-2018 476 107,570 * 3,33 2,19 2,48 11,53 3,79 2,27 3,84IT0004871965 Intesaspaologe-19 su 18-01-2013 18-01-2019 457 107,480 * 2,32 0,34 4,53 11,68 3,75 0,54 4,08IT0004682545 Intesaspaolomz-17 su 03-03-2011 03-03-2017 431 106,840 * 1,72 0,41 2,87 8,15 2,30 0,80 2,67IT0004940877 Unicredit 10-09-162.5% 10-09-2013 10-09-2016 422 101,540 * 1,85 0,77 2,44 — 1,95 1,11 2,56IT0004964224 Unicredit 31-12-18tf/su 31-10-2013 31-12-2018 419 102,590 * 2,46 0,50 4,55 — — 0,66 4,23IT0004771710 Mps30-11-17 su 30-11-2011 30-11-2017 418 107,139 3,72 2,10 3,43 10,39 2,72 2,45 4,90IT0004605074 Unicredit 31-05-20 susubord 31-05-2010 31-05-2020 413 104,110 * 3,48 1,68 3,85 12,52 3,03 1,98 4,86IT0000966017 Comit08-01-27 zc BBB 08-01-1997 08-01-2027 410 62,591 3,72 0,06 12,84 26,75 11,90 -2,07 9,78IT0004849318 Intesaspaoloot-17 4.8% 05-10-2012 05-10-2017 404 110,120 * 1,84 0,28 3,32 8,90 3,14 0,65 3,00IT0004967276 Mps02-12-16 2.8% 02-12-2013 02-12-2016 403 100,250 * 2,72 1,53 2,63 — 2,53 1,86 3,51IT0004842685 B.Imi12-09-17 5% 12-09-2012 12-09-2017 375 110,610 * 1,85 0,32 3,25 8,69 3,06 0,67 2,94IT0004842370 Ubi08-10-19 6%subord 08-10-2012 08-10-2019 372 107,864 3,64 2,08 3,21 9,68 3,56 2,40 4,65IT0004981871 Mediobanca26-02-22 3.2% 26-02-2014 26-02-2022 369 102,463 2,85 -0,13 7,17 — — -0,21 5,96IT0004828171 Deutschebankst-22 zc 06-09-2012 06-09-2022 322 81,350 * 2,46 -0,65 8,50 7,60 5,00 -1,23 6,28IT0001086658 S.Paoloimige-22 zc BBB 30-01-1997 30-01-2022 320 80,670 2,76 -0,20 7,90 12,15 7,23 -0,66 6,24NL0009054907 Rbs20-04-19 5.5% A 20-04-2009 20-04-2019 301 116,510 2,08 0,03 4,50 7,87 4,50 0,29 3,83IT0001205589 Mc.Lombardo fb-28 zc 18-02-1998 18-02-2028 288 60,328 3,69 -0,10 13,95 27,94 13,15 -2,60 10,36XS0182242247 Finmeccanicadc-185.75% 12-12-2003 12-12-2018 286 112,630 * 2,87 0,92 4,28 11,32 4,84 1,20 4,49FR0011439975 Peugeot 06-03-187.375% 06-03-2013 06-03-2018 276 114,640 * 3,39 1,65 3,63 20,38 4,35 2,07 4,70IT0004826092 Unicredit 24-07-18 5.65% 24-07-2012 24-07-2018 276 112,660 * 2,55 0,71 3,91 10,72 4,98 1,01 3,95IT0004854094 Intesaspaolonv-17 4% 05-11-2012 05-11-2017 274 107,360 * 1,89 0,29 3,45 10,07 3,33 0,66 3,12IT0004723489 Ubi30-06-18 5.4% subord 30-06-2011 30-06-2018 273 104,758 3,24 2,26 2,18 7,91 1,95 2,08 3,41IT0004718489 Ubi16-06-18 5.5% subord 16-06-2011 16-06-2018 267 105,219 3,09 2,13 2,14 8,24 2,36 1,95 3,25IT0004936289 Mittel12-07-196%call 12-07-2013 12-07-2019 255 106,409 4,68 2,55 4,64 — 2,20 2,79 6,44IT0004618507 Crediop28-06-16 3.6% 28-06-2010 28-06-2016 253 101,815 2,77 1,79 2,20 10,12 2,88 2,09 3,31XS0768457433 Palladium 15-05-19zc 15-05-2012 15-05-2019 249 84,860 * 3,22 1,15 5,18 21,19 5,67 1,14 5,33IT0004941412 Unicredit 13-10-20 tf/susubord 13-08-2013 13-10-2020 244 102,890 * 3,14 1,24 4,26 — 7,63 1,46 4,73IT0004898497 Intesaspaoloap-16 2.75% 10-04-2013 10-04-2016 242 102,540 * 1,50 0,62 2,01 — 1,68 0,95 1,98IT0004763782 Unicredit 31-10-17 zc 31-10-2011 31-10-2017 234 92,840 * 2,06 0,47 3,65 10,21 3,37 0,74 3,39IT0001203253 Mc.Centrale fb-28 zc 10-02-1998 10-02-2028 233 60,375 3,69 -0,09 13,93 28,70 12,34 -2,59 10,35IT0004572878 Ubi23-02-17 3.1% subord 23-02-2010 23-02-2017 230 101,771 2,18 1,36 1,91 5,47 1,12 1,67 2,60IT0004849276 Unicredit 28-09-164.25% 28-09-2012 28-09-2016 230 105,180 * 2,17 1,07 2,42 6,96 2,06 1,40 2,84IT0004645963 Ubi05-11-17 4.3% subord 05-11-2010 05-11-2017 228 103,293 2,71 1,80 2,05 5,93 1,67 1,86 3,02IT0004917867 Unicredit 15-07-20tf/su subord 15-05-2013 15-07-2020 224 102,400 * 3,64 1,81 3,99 — 2,55 2,07 5,09IT0004821846 Kme03-08-17 8% call 03-08-2012 03-08-2017 222 107,915 5,37 3,88 3,00 10,50 2,51 4,13 6,17FR0011567940 Peugeot 18-01-19 6.5% 18-09-2013 18-01-2019 220 112,700 * 3,59 1,61 4,26 — 5,54 1,92 5,19IT0004907850 Unicredit 30-06-20 tf/su callsubord 29-04-2013 30-06-2020 215 102,820 * 3,54 1,72 3,95 — 3,61 1,99 4,97IT0004632862 Centrobancast-16 su 30-09-2010 30-09-2016 206 102,450 * 2,02 0,92 2,48 6,67 2,36 1,24 2,73IT0004898273 Intesaspaolo10-04-19 su 10-04-2013 10-04-2019 204 106,740 * 2,36 0,32 4,65 — 4,12 0,51 4,19IT0004772676 Unicredit 16-11-17 zc 16-11-2011 16-11-2017 190 92,720 * 2,07 0,46 3,69 9,39 3,44 0,73 3,42XS0993892735 Mediobanca22-01-223.2% BBB 22-01-2014 22-01-2022 180 102,278 2,87 -0,08 7,08 — — -0,14 5,94IT0004727274 Intesaspaololg-17 4.1% 04-07-2011 04-07-2017 179 107,370 * 1,79 0,34 3,10 7,99 2,88 0,68 2,81IT0004852312 Deutschebanknv-22 zc 13-11-2012 13-11-2022 179 80,580 * 2,52 -0,63 8,69 4,64 6,03 -1,27 6,42IT0004777121 Unicredit 30-11-17 5% 30-11-2011 30-11-2017 178 109,270 * 2,36 0,74 3,47 10,04 4,17 1,11 3,59IT0004703952 Intesaspaolomg-17 su 03-05-2011 03-05-2017 177 107,490 * 1,72 0,34 2,93 8,31 2,65 0,70 2,66IT0004849300 Intesaspaoloot-17 4.8% 03-10-2012 03-10-2017 172 110,110 * 1,84 0,28 3,32 8,89 2,83 0,65 2,99XS0567053763 Gbonds420-03-17 tf 21-02-2011 20-03-2017 172 99,850 * 3,68 2,35 2,91 4,52 1,74 2,69 4,60

datial 05.03.2014 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

IT0004967706 Intesaspaolo11-12-18 2% 11-12-2013 11-12-2018 170 97,700 * 2,52 0,57 4,56 — — 0,73 4,30NL0009061357 Rbs08-10-16 4.3% A 08-10-2009 08-10-2016 163 107,466 1,36 0,24 2,45 3,34 1,06 0,59 2,06IT0004887896 Intesaspaolofb-19 su 08-02-2013 08-02-2019 160 104,760 * 2,36 0,37 4,64 12,02 3,89 0,55 4,19IT0004825029 Unicredit 24-08-18 5.65% 24-08-2012 24-08-2018 159 112,468 2,64 0,78 3,99 9,85 5,07 1,09 4,10IT0004747330 Unicredit 19-08-18su subord 19-08-2011 19-08-2018 157 104,540 * 3,21 2,16 2,31 7,70 3,09 2,09 3,52IT0004849342 Intesaspaoloot-17 4.8% 04-10-2012 04-10-2017 155 110,110 * 1,84 0,28 3,32 8,89 3,13 0,66 3,00IT0004657471 Bp.Vicenza15-12-17 4.6% subord 15-12-2010 15-12-2017 154 100,780 * 4,22 3,26 2,17 8,19 1,38 3,32 4,55IT0004717333 Intesaspaolomg-17 su 31-05-2011 31-05-2017 154 107,740 * 1,75 0,34 3,01 8,43 2,73 0,69 2,72IT0004842339 Bp.Vicenzaag-17 5%call 24-08-2012 24-08-2017 152 101,290 * 4,58 3,07 3,19 6,75 0,71 3,35 5,56IT0004695018 Intesaspaolomz-17 su 31-03-2011 31-03-2017 149 107,380 * 1,70 0,36 2,84 8,12 2,53 0,70 2,58IT0001308508 Mps15-02-29 sd/oc BBB 15-02-1999 15-02-2029 147 102,956 5,05 1,16 14,95 23,15 15,43 -1,69 12,27XS0177089298 Enel29-09-235.25% 29-09-2003 29-09-2023 147 118,430 * 3,00 -0,30 7,78 15,56 5,98 -0,39 6,41IT0001308607 Crediop26-02-24 sd/oc AA 26-02-1999 26-02-2024 133 116,599 5,56 2,21 9,97 24,67 5,68 1,17 10,15IT0004615305 Unicredit 14-06-17 susubord 14-06-2010 14-06-2017 129 102,570 * 2,68 1,91 1,69 6,43 2,22 1,70 2,59IT0004883689 Unicredit 28-02-20 tf/susubord 31-12-2012 28-02-2020 129 103,030 * 3,31 1,58 3,74 12,92 4,08 1,96 4,70IT0004957020 B.Imi31-10-19 tf 31-10-2013 31-10-2019 125 104,131 2,75 0,52 5,16 — — 0,65 4,82IT0001302733 Mps01-02-29 sd/oc BBB 01-02-1999 01-02-2029 122 104,969 5,09 1,20 14,91 25,33 16,75 -1,65 12,27IT0004936545 B.Imi30-08-19 tf 30-08-2013 30-08-2019 120 103,781 2,78 0,61 4,99 — 2,18 0,76 4,77IT0001304341 B.Imi01-02-24 sd/oc 01-02-1999 01-02-2024 117 151,514 3,84 0,50 9,90 23,84 8,36 -0,53 8,37IT0004816937 Unicredit 12-06-165% 12-06-2012 12-06-2016 112 106,520 * 2,00 1,04 2,13 6,92 2,42 1,36 2,52XS0868102392 Palladium 14-12-18 zc 15-03-2013 14-12-2018 112 84,710 * 3,54 1,59 4,77 — 5,99 1,69 5,46IT0004977010 Venetob27-12-163.3% 27-12-2013 27-12-2016 111 101,400 * 2,79 1,57 2,68 — — 1,91 3,61XS0626808496 Ge.Eurfundgn-17 3.625% A 15-06-2011 15-06-2017 107 107,930 1,14 -0,29 3,07 2,82 1,17 0,06 2,16XS0229567440 Ge19-09-35 4.125% subord 19-09-2005 19-09-2035 107 106,400 * 3,69 -0,46 14,65 10,01 5,03 -2,98 10,70IT0004940042 B.Imi07-08-16 2.7% 07-08-2013 07-08-2016 106 102,610 * 1,58 0,55 2,34 — 1,76 0,89 2,24IT0004983661 Mps03-02-17 2.5% 03-02-2014 03-02-2017 104 100,180 * 2,45 1,18 2,82 — — 1,52 3,34IT0004808710 Intesaspaolomg-16 3.8% 04-05-2012 04-05-2016 99 104,860 * 1,48 0,57 2,05 6,35 1,70 0,91 1,99FR0011233451 Peugeot 11-07-175.625% 11-04-2012 11-07-2017 97 108,870 * 2,80 1,34 3,05 14,34 3,34 1,66 3,74IT0004808421 Unicredit 21-05-185% 21-05-2012 21-05-2018 96 109,321 2,62 0,83 3,77 9,40 4,14 1,14 3,95NL0009483825 Rbs22-06-205% 22-06-2010 22-06-2020 93 114,108 2,57 0,13 5,49 6,29 4,77 0,29 4,79IT0004842701 B.Imi11-09-17 5% 11-09-2012 11-09-2017 91 110,620 * 1,84 0,31 3,25 8,88 2,96 0,68 2,95IT0001306171 Mc.Centrale fb-19 sd/oc 18-02-1999 18-02-2019 90 129,359 3,04 1,04 4,95 15,38 3,60 1,08 5,02IT0004866353 Intesaspaolodc-18 su 04-12-2012 04-12-2018 90 107,890 * 2,26 0,32 4,41 11,77 3,90 0,56 3,99NL0009287614 Rbs11-12-194.6% A 11-12-2009 11-12-2019 86 111,832 2,41 0,14 5,09 7,66 5,17 0,34 4,45FR0010957282 Peugeot 28-10-165% 28-10-2010 28-10-2016 83 106,770 * 2,31 1,17 2,50 11,66 2,24 1,53 3,05IT0004965791 Intesaspaolonv-17 2.6% 15-11-2013 15-11-2017 83 101,670 * 2,12 0,51 3,54 — 3,56 0,84 3,39XS0170343247 Enel12-06-184.75% 12-06-2003 12-06-2018 83 112,420 * 1,70 -0,11 3,86 8,71 2,52 0,21 3,10

datial 05.03.2014 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

AIRFRANCE-KLM 15/02/20232.03 2,030 10,300 1,000 3 12,82 9,98 -0,51 -0,62 -0,61 10,0 28,8ALCATEL-LUCENT01/07/2018 4.25 4,250 1,698 1,060 -46 3,64 3,12 -0,53 -0,98 -12,69 3,3 10,4AXASA 01/01/2017 3.75 3,750 37,528 4,410 99 279,35 18,88 +1,05 -0,19 1,09 83,2 237,4B.ca Intermobiliare07/15 Sub 1,500 7,500 1,000 117 99,01 3,46 -0,13 -1,14 2,24 46,1 115,3Banco Popolare 03/14 4,750 6,150 1,000 254 100,01 1,74 -0,05 +13,86 4,27 28,2 254,6COFINIMMO20/06/2018 2 2,000 108,170 1,000 24 111,03 87,22 +0,29 +0,46 1,71 87,2 27,8Cogeme SET03/14 * 6,000 1,300 1,000 30 — 1,00 — — — 3,7 —CRED AGRICOLESA 06/12/2016 0 — 66,310 1,000 13 72,56 58,60 +1,92 +3,53 -3,24 58,6 24,1ESPIRITOSANTO F19/12/2025 9.75 9,750 17,000 58,824 242 119,65 4,97 -0,52 +4,65 7,21 29,2 313,4Eukedos11/16 3,000 1,400 0,857 76 88,55 0,80 -0,07 -2,80 7,82 56,9 55,5FrendyEnergy 13/18 — — — — 79,90 1,90 +0,51 -3,36 4,78 — —IMMOFINANZ 08/03/20184.25 4,250 3,560 1,157 -1 5,00 3,61 — -2,14 -0,98 4,2 19,8MICHELINCGDE 01/01/2017 0 — 100,212 1,036 8 141,32 93,16 +1,38 +6,21 -0,44 96,5 46,8PIERREVACANCES 01/10/20193.5 3,500 36,420 1,000 15 37,93 31,80 -1,25 -3,90 2,75 31,8 20,0SacomCV 22/12/18 7,500 — — — 98,50 4,85 +0,51 -0,04 8,97 — —Sias06/17 2,625 10,500 1,000 26 105,58 8,34 +0,74 +1,65 0,90 79,4 33,2SOC AIRFRANCE01/04/2020 2.75 2,750 19,903 1,030 99 20,55 9,98 -5,71 -0,62 3,97 10,3 100,3TE Wind13/18 6,000 1,613 62,000 49 99,70 1,08 +0,41 — 6,07 67,0 48,9TECHNIP01/01/2017 0.25 0,250 96,090 1,000 38 101,48 69,67 -0,23 -2,04 -1,67 69,7 46,2TUIAG 24/03/2016 2.75 2,750 11,713 5,059 -9 71,68 12,86 -0,27 -1,30 -6,17 65,1 15,4(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 OBBLIGAZIONIB.Pop. Etruria Lazio 06/16 Sub: subordinata,cedolaannuale, convertibilesu richiestadell’obbligazionistasinoal 5giorno lavorativoprecedente lascadenza(24/6/2016).L’emittente eserciterà l’opzionedi rimborsoanticipato inequity il28/12/2012. Bim 07/15: subordinata,cedolaannua, facoltàdi rimborsoanticipatoCALLdecorsi 18mesidall’emissione(dal29/01/07). Inizioperiodo convertibilità01/01/07;fine periodoconvertibilità31/03/15. Banca Carige1,5%12/13: subordinata, inizioperiodoconvertibilità01/01/06, fineconvertibilità31/10/13.L’emittente halafacoltàdi noneffettuare ilpagamentodegliinteressiqualoranonsiano rispettati i requisitiprevisti dalle Istruzioni diVigilanzadella Bancad’Italia equaloranonsiastatadeliberata ladistribuzione deidividendi. Il rimborsodelcapitale ascadenza,alpremiodi 116,èsubordinato alpreventivo consensodellaBanca d’Italianel rispetto deirequisitipatrimonialiprevisti.Banco Popolare03/14: cedolaannua,convertibilidal 26/09/2011,dirittodiriscatto totaleo parzialedecorsi18 mesidall’emissione(26/09/2011)conpagamentoincontantie/o azioniedunpremiodel10% sulnominale.Bper 12/12 Sub: subordinata, facoltàdirimborsoanticipato CALLdal04/12/08 al31/12/12, conpreavvisodi 30giorni. Convertibilitàdal01/07/09al31/12/12.CapeLive 07/14: emittenteinconcordatopreventivo. L’obbligazioneverràrimborsata in funzionedell’esitodiunaumento dicapitale incorso. Incasodiesitosfavorevole dell’aumentodicapitale ilbondverràforzosamenteconvertito inazioni(12azioniogniobbligazione)od unrimborsomisto(azioni/contante).Cogeme SET 03/14: società in liquidazionee concordatopreventivo. Rimborso in funzionedell’esitodella procedura.Eukedos11/16:cedola annua, rimborsabile inanticiposu richiestadegli obbligazionisti incasidi inadempienze dell’emittente, rimborsabile inanticipodapartedell’emittentese ilnominale incircolazione risulta inferiorea5 mln€. Sopaf 12/15 *:domandadirimborsoanticipato in funzionedella proceduradiliquidazionedella società.Sias06/17: inizio periodoconvertibilità01/07/10; fineperiodoconvertibilità31/05/17. Ubi Banca 20135,75%: facoltàdirimborsoanticipatoCALLadognidata pagamentocedole,conpreavviso dialmeno 23giorni,dal 10/01/11al 10/07/13.L’emittente hafacoltàdi effettuare ilrimborso inazioni,contanti o azionie contanti.Convertibilitàdal 10/01/11al03/07/13.

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 IIFR0010410068 Natixis 4,125 20/01/2017 EUR Baa3 BBB+ A- 107,05 — 1,460 50XS0213101230 IntesaSanpaolo 3,750 02/03/2020 EUR Ba1 BBB- BBB 98,50 5,360 2,800 02.03.2015 3MEuribor+89 BP 50XS0497187640 Lloyds 6,500 24/03/2020 EUR Baa3 BBB BBB 119,80 — 2,850 50XS0557252417 Rabobank 3,750 09/11/2020 EUR A2 A A+ 106,95 — 2,580 50XS0544654162 Nordea bank 4,000 29/03/2021 EUR Baa1 A A+ 109,75 — 2,436 50XS0618847775 Unicredit 6,125 19/04/2021 EUR Ba1 BBB- BBB 109,36 — 4,550 100XS0550466469 CreditAgricole 3,900 19/04/2021 EUR Baa3 BBB+ A- 108,23 — 2,590 50XS0201065496 Rbs 4,625 22/09/2021 EUR Ba2 BBB- BB+ 102,55 2,920 3,160 22.09.2016 3MEuribor+130BP 1XS0270347304 Goldman Sachs 4,750 12/10/2021 EUR Baa2 BBB+ A- 111,72 — 3,000 1XS0861583887 Swedbank 3,000 05/12/2022 EUR — BBB+ A 104,00 1,878 3,330 05.12.2017 5YRMid Swap+215BP 100TIERIXS0221011454 HannoverRe 5,000 Perpetual EUR — A A- 104,25 1,460 5,046 01.06.2015 3MEuribor+268BP 1XS0542298012 Rwe 4,625 Perpetual EUR Baa3 BBB- BBB- 102,75 2,770 5,000 28.09.2015 5YRMid Swap+265BP 1FR0010289496 Vinci 6,250 Perpetual EUR Baa3 BBB- BBB- 107,50 1,670 5,960 13.11.2015 3MEuribor+375 BP 50XS0234434222 Henkel 5,375 Perpetual EUR Baa1 BBB BBB+ 106,63 1,420 5,150 25.11.2015 3MEuribor+285BP 1XS0253627136 SwissReinsurance 5,252 Perpetual EUR A3 A A- 105,75 2,570 4,540 25.05.2016 6MEuribor+209 BP 50XS0254808214 Solvay 6,375 Perpetual EUR Baa3 BBB- BBB 108,63 2,349 5,620 02.06.2016 3MEuribor+335 BP 1XS0674277933 EnBW 7,375 Perpetual EUR Baa2 BBB- BBB 113,50 2,710 7,230 02.04.2017 5YRMid Swap+540.1BP 1XS0484213268 Tennet 6,655 Perpetual EUR Baa3 BBB — 111,75 2,780 5,700 01.06.2017 5YRMid Swap+360BP 50XS0283629946 Generali 5,479 Perpetual EUR Ba1 BBB- BBB- 103,13 4,311 4,810 02.08.2017 3MEuribor+214BP 50FR0010814434 CreditAgricole 7,875 Perpetual EUR Ba2 BBB- BBB- 117,25 4,340 7,660 26.10.2019 3MEuribor+642.4 BP 50

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 11,05 51,92 — 4,78 10,15AcomeAItalia A2 mmmmm 11,13 53,27 — — —AllianzAz. Ita.All Stars mmmmm 7,83 37,62 34,71 5,79 10,58AnimaGeo Italia A mmmmm 7,44 38,22 34,76 5,66 12,48AnimaGeo Italia Y mmmmm 7,57 40,31 34,76 7,23 14,00ANM Anima ItaliaA mmmmm 7,55 37,36 34,76 3,56 11,22ANM Anima ItaliaF mmmmm 7,62 38,36 34,76 — —ArcaAzioni Italia mmmmm 6,82 36,08 36,83 4,68 11,86Bnl Azioni Italia mmmmm 6,41 32,16 — 2,17 9,55EurizonAz.Italia mmmmm 7,71 36,80 36,53 3,61 11,23EurizonAz.PMIItalia mmmmm 9,39 57,23 54,98 7,81 12,57Euromob.Azioni Italiane mmmmm 6,64 33,26 — 3,93 10,54Fideuram Italia mmmmm 7,61 46,09 36,75 8,59 15,82FonderselP.M.I. mmmmm 8,56 57,52 46,99 10,74 17,81Fonditalia Eq. ItalyR mmmmm 7,36 41,79 — 7,05 14,19Fonditalia Eq. ItalyT mmmmm 7,41 42,70 — 7,74 14,89Fonditalia Equity ItalyClasse Z mmmmm — — — — —GestnordAz.Italia A mmmmm 7,36 37,26 34,75 6,47 12,55GestnordAz.Italia CY mmmmm 7,42 — — — —Interf.Equity Italy mmmmm 7,53 41,18 — 6,39 14,09PioneerAz. Crescita A mmmmm 6,84 31,28 39,85 2,40 9,15PioneerAz. Crescita B mmmmm 6,82 30,95 — — —Symp. Selez. Italia mmmmm 6,19 40,05 40,66 6,26 11,59SynergiaAz. Italia mmmmm 6,26 35,07 34,80 4,53 —SynergiaAz.Sm.CapIt. mmmmm 8,62 51,40 51,55 8,90 —UBIPra. Azioni Italia mmmmm 7,55 30,42 34,78 5,07 12,88ZenitMc Pianeta ItCl.I mmmmm 7,71 42,62 — 11,42 16,51ZenitMc Pianeta ItCl.R mmmmm 7,65 41,61 — 10,47 15,59comit 4,31 28,49 — -1,04 8,48

area euro — — — — —8a+Eiger mmmmm 4,56 23,90 — 5,63 17,29Agora Equity mmmmm 2,31 21,50 29,57 -2,97 10,27Alto Azionario mmmmm 4,92 18,81 21,08 3,34 6,10BancoPosta Azion. Euro mmmmm 5,66 22,12 23,75 9,23 15,43EpsilonQEquity mmmmm 6,03 23,00 21,13 6,02 12,80EurizonAz.AreaEuro mmmmm 5,64 21,71 23,56 3,95 11,73Symp. Azionario Euro mmmmm 2,85 29,85 20,92 4,05 11,86UBIPra. Azionario EticoE mmmmm 5,25 21,05 25,23 4,26 11,49UBIPra. Azioni Euro mmmmm 5,44 21,31 23,10 7,63 14,73msci euro 2,92 20,02 — 5,84 15,52

europa — — — — —AcomeAEuropa A1 mmmmm 7,33 42,47 — 7,06 12,06AcomeAEuropa A2 mmmmm 7,41 43,11 — — —AllianzAzioniEuropa mmmmm 6,61 15,48 18,03 9,40 16,50AllianzMultiEuropa# mmmmm 4,13 15,52 17,00 5,30 11,52AmundiEurope Equity# mmmmm 4,79 15,36 16,98 6,46 13,36AnimaGeo Euro Pmi A mmmmm 7,19 33,96 32,81 13,41 22,09AnimaGeo Euro Pmi Y mmmmm 7,31 35,97 32,81 15,09 23,78AnimaGeo Europa A mmmmm 5,61 20,41 18,00 8,85 16,22AnimaGeo Europa Y mmmmm 5,74 22,22 18,00 10,45 17,85ANM Anima EuropaA mmmmm 5,53 19,73 18,00 5,24 12,84ANM Anima EuropaF mmmmm 5,59 20,78 18,00 — —ANM Anima IniziativaEu A mmmmm 7,04 33,86 32,81 10,21 18,67ANM Anima IniziativaEu F mmmmm 7,11 34,95 32,81 — —ArcaAzioniEuropa mmmmm 5,99 16,93 18,00 7,49 13,68Bnl AzioniEuropa Div mmmmm 5,62 12,84 — 7,11 12,39ConsultinvestAzione A1 mmmmm 4,94 — — — —ConsultinvestAzione A2 mmmmm 5,01 15,18 — 2,82 11,85ConsultinvestAzione IY mmmmm 5,11 — — — —EpsilonQValue mmmmm 6,48 19,78 16,70 8,29 14,68EurizonAz.Europa mmmmm 5,94 17,64 18,02 5,38 12,80EurizonAz.PMIEuropa mmmmm 7,47 23,69 27,01 8,39 19,42Euromob.EuropeE. F. mmmmm 4,19 19,37 — 3,13 9,72

FMS- Equity Europe# mmmmm 4,39 18,93 18,95 9,09 15,51FonderselEuropa mmmmm 5,33 17,50 18,95 7,34 13,99Fonditalia Eq.EuropeR mmmmm 4,79 24,01 — 7,58 14,54Fonditalia Eq.EuropeT mmmmm 4,84 24,80 — 8,27 15,27GestnordAz.Europa A mmmmm 5,92 19,23 19,04 7,92 14,44GestnordAz.Europa CY mmmmm 5,99 — — — —Interf.Equity Europe mmmmm 4,78 20,67 — 7,60 14,98InvestitoriEuropa mmmmm 4,75 17,87 16,19 6,24 12,20MalatestaAzionario Eu mmmmm 6,32 19,17 18,95 5,85 14,45PioneerAz ValEu Dis A mmmmm 6,05 16,93 18,95 8,22 13,77PioneerAz ValEu Dis B mmmmm 6,02 17,20 — — —PioneerAz. EuropaA mmmmm 5,36 14,11 18,95 4,95 9,46PioneerAz. EuropaB mmmmm 5,33 13,78 — — —RasLux Equity Europe mmmmm — — — — —SynergiaAz.Europa mmmmm 4,23 18,89 14,42 1,67 —UbiPra. Az.Europa mmmmm 5,07 16,41 19,04 5,20 15,91msci europe 3,82 16,55 — 7,96 18,46

america — — — — —AcomeAAmerica A1 mmmmm 5,81 15,69 — 9,81 14,38AcomeAAmerica A2 mmmmm 5,90 16,71 — — —AllianzAzioniAmerica mmmmm 4,63 10,76 17,17 7,69 14,39Alto AmericaAz. mmmmm 4,05 11,94 14,08 11,00 13,71AnimaGeo America A mmmmm 5,15 16,04 17,53 10,69 n.s.AnimaGeo America Y mmmmm 5,26 17,67 17,53 12,30 n.s.ANM Anima AmericaA mmmmm 5,35 16,43 17,53 12,55 16,38ANM Anima AmericaF mmmmm 5,46 17,54 17,53 — —ArcaAzioniAmerica mmmmm 5,18 14,93 16,23 11,49 16,85BnlAzioniAmerica mmmmm 6,43 21,36 — 11,55 15,50EurizonAz.America mmmmm 5,03 16,42 16,24 11,53 17,33EurizonAz.PMIAmer. mmmmm 7,08 27,42 25,10 12,80 22,53FMS- Equity Usa# mmmmm 5,90 18,71 18,44 11,94 17,12FonderselAmerica# mmmmm 4,08 13,90 18,44 9,01 14,46Fondit.Eq.Usa BlueCh R mmmmm 4,50 13,04 — 9,51 14,65Fondit.Eq.Usa BlueCh T mmmmm 4,55 13,75 — 10,21 15,37GestnordAz.AmericaA mmmmm 4,92 17,12 17,84 10,12 14,38GestnordAz.AmericaCY mmmmm 4,98 — — — —Interf.Eq. USAH mmmmm 6,63 25,52 — 12,41 19,63Interf.Eq.USA mmmmm 4,86 18,85 — 13,98 19,55Interf.Equity Usa Adv mmmmm 4,25 20,76 — 9,01 12,63InvestitoriAmerica mmmmm 3,61 12,25 15,43 11,89 16,13PioneerAz. Am. A mmmmm 5,22 19,44 17,07 11,09 16,24PioneerAz. Am. B mmmmm 5,32 20,35 — — —Symp. Azionario Usa mmmmm 4,20 24,10 19,73 11,84 20,45SynergiaAzionario Usa mmmmm 3,87 13,92 12,84 8,11 —UBIPra. Azioni Usa mmmmm 5,61 20,44 17,83 11,59 15,74msci northamerica 4,24 15,36 — 12,37 20,82

pacifico 3,43 -3,31 — 0,27 9,64AcomeAAsia Pac. A2 mmmmm 4,34 10,35 — — —AcomeAAsia Pacifico A1 mmmmm 4,25 9,37 — 5,68 10,81AllianzAzioniPacifico mmmmm 4,72 0,90 -0,66 1,38 9,91Alto PacificoAz. mmmmm 3,08 -0,66 0,06 -2,04 11,39AnimaGeo Asia A# mmmmm 2,82 -3,63 -0,68 0,06 n.s.AnimaGeo Asia Y# mmmmm 2,93 -2,17 -0,68 1,55 14,00ANM Anima PacificoA mmmmm 2,70 -2,85 -0,68 1,90 10,65ANM Anima PacificoF mmmmm 2,80 -1,91 -0,68 — —ArcaAzioniFar East mmmmm 3,33 -3,20 -0,64 1,36 9,49EurizonAz.Asia Nuove Eco. mmmmm 2,96 -7,63 -4,69 -1,17 12,13EurizonAz.Pacifico mmmmm 4,06 -3,10 -0,47 -0,39 8,94FMS- Equity Asia# mmmmm 3,48 0,09 2,06 1,36 10,09FonderselOriente# mmmmm 2,95 -10,33 -5,25 -1,30 11,26FonditEq Pacifex JapanR mmmmm 2,58 -7,00 — -2,57 12,82FonditEq Pacifex JapanT mmmmm 2,63 -6,39 — -1,95 13,48Fonditalia Eq.JapanR mmmmm 2,45 3,15 — 1,45 8,12Fonditalia Eq.JapanT mmmmm 2,51 3,84 — 2,11 8,80GestnordAz.Pacifico A mmmmm 3,39 -4,02 -0,69 0,20 10,09

datial 04.03.2014 ratingcfs var.% var.% var.% rend. rend.fondo a a 1anno 3 5

1mese 1anno bench. anni anni




fondi comuni a confronto

GestnordAz.Pacifico CY mmmmm 3,48 — — — —Interf.Eq. JapanH mmmmm 5,14 17,06 — 7,26 10,34Interf.Eq. Pacif. exJapan mmmmm 4,56 -6,98 — 0,75 15,65Interf.Eq. Pacif. exJapan H mmmmm 5,74 4,62 — 1,08 11,25Interf.Equity Japan mmmmm 2,64 2,57 — 1,19 8,06InvestitoriFar East mmmmm 2,90 0,65 2,09 1,93 8,97PioneerAz. Area PacifA mmmmm 3,55 -2,50 -0,80 -2,60 5,05PioneerAz. Area PacifB mmmmm 3,51 -2,48 — — —UBIPra. Azioni Pacifico mmmmm 3,61 -2,07 -0,50 2,53 11,84msci pacific free 3,85 2,06 — 3,71 13,55

internazionali — — — — —AcomeAGlobale A1 mmmmm 5,23 21,69 — 8,49 13,07AcomeAGlobale A2 mmmmm 5,33 22,49 — — —AllianzMulti90# mmmmm 3,40 11,09 13,80 6,25 12,17Alto InternazionaleAz. mmmmm 4,12 5,79 12,26 4,24 10,67AmundiGlobal Equity# mmmmm 4,26 7,59 10,85 5,09 12,88Anfiteatro GlobalEquity mmmmm — — — — —AnimaGeo Globale A mmmmm 4,97 19,88 14,62 10,00 16,14AnimaGeo Globale Y mmmmm 5,10 21,68 14,62 11,63 17,79ANM Anima ValoreGlob. A mmmmm 5,02 19,97 14,62 9,91 15,87ANM Anima ValoreGlob. F mmmmm 5,02 20,21 14,62 — —Arca27 az. estere mmmmm 5,21 13,17 14,62 8,89 14,48BancoPostaAz. Internaz. mmmmm 5,22 12,93 15,14 9,67 15,74Capital Italia mmmmm 4,91 13,48 — 8,57 13,94ConsultinvestGlobal A1 mmmmm 5,06 — — — —ConsultinvestGlobal A2 mmmmm 5,25 9,17 — 2,91 10,63ConsultinvestGlobal IY mmmmm 5,37 — — — —EsseStock cl.A mmmmm 4,25 13,03 11,80 5,76 —EssoStock cl. B mmmmm 4,29 13,96 — 6,38 —EticaAzionario IEY mmmmm 4,49 19,28 13,82 — —EticaazionarioE mmmmm 4,43 18,29 13,82 8,42 16,95EurizonAz.Internazionali mmmmm 5,27 15,77 14,63 8,37 14,69Euromob.Az. Internaz. mmmmm 3,90 8,59 — 4,58 11,02Fonditalia GlobalR mmmmm 3,97 11,39 — 9,61 11,85Fonditalia GlobalT mmmmm 4,02 12,10 — 10,32 12,52GestnordAzTrend Set mmmmm 4,96 16,16 14,61 6,44 11,92PioneerCIM GlobalEquity mmmmm 4,45 13,51 — 8,14 12,51SoprarnoAzioni Glob A mmmmm 6,07 32,26 26,50 13,30 17,15SoprarnoAzioni Glob BY mmmmm 6,09 32,84 — 13,98 17,69Star CollAz.Inter.A# mmmmm 4,89 12,33 — — —Star CollAz.Inter.CY# mmmmm 4,95 — — — —SynergiaAz.Globale mmmmm 4,06 13,44 11,91 2,62 —Talento GlobalEquity# mmmmm 4,22 8,46 15,38 5,95 n.s.UBIPra. Azioni Globali mmmmm 5,63 13,76 14,61 9,32 15,62UBIPra. Privilege 5# mmmmm 4,47 13,94 16,32 5,54 12,12ZenitMc MegatrendCl.I mmmmm 3,90 17,04 — — —ZenitMc MegatrendCl.R mmmmm 3,81 15,36 — 2,58 8,85msci world 3,56 13,62 — 9,79 18,99

energia-materieprime — — — — —EurizonAz.EnMatPrime mmmmm 5,63 6,36 6,51 -0,74 8,17msci 50%energy&50%materials 6,10 5,73 — 0,36 14,06

salute — — — — —EurizonAzioniSalute mmmmm 6,02 23,41 26,55 15,45 14,57msci health care 6,89 27,72 — 22,42 20,68

finanza — — — — —EurizonAz.Finanza mmmmm 3,11 12,97 12,47 6,65 17,07Fonditalia Eu Financials R mmmmm 3,60 32,31 — 3,57 14,32Fonditalia Eu Financials T mmmmm 3,67 33,29 — 4,37 15,06msci financials 3,87 13,09 — 8,45 21,49

informatica — — — — —EurizonAz.Tecn.Avanz mmmmm 5,11 19,05 20,39 8,75 14,66msci inform.technology 5,40 21,43 — 12,00 20,07

altrisettori — — — — —FMS- Eq.Glob.Resources# mmmmm 5,34 -1,16 2,66 -6,02 5,25Fonditalia Eu Cyclicals R mmmmm 4,53 17,47 — 5,55 16,48Fonditalia Eu Cyclicals T mmmmm 4,60 18,34 — 6,33 17,31Fonditalia Eu Defensive R mmmmm 6,12 21,24 — 7,02 11,22Fonditalia Eu Defensive T mmmmm 6,18 22,13 — 7,81 12,00Fonditalia FlexEm. MktsT mmmmm 0,34 0,15 — 1,15 6,88Fonditalia FlexEm.Mkts R mmmmm 0,31 -0,43 — 0,61 6,30Fonditalia GlobIncome R mmmmm 2,01 5,30 — -4,89 3,42Fonditalia GlobIncome T mmmmm 2,03 5,80 — -4,28 4,10Inter.Int.Sec.NewEc mmmmm 4,75 25,08 — 13,72 17,36msci world 5,27 15,38 — 10,60 18,78

altrespecializzazioni — — — — —EurizonAz.Int. EticoE mmmmm 5,68 15,36 14,94 7,98 14,03FonditEq.Gl.High Div. S mmmmm 5,44 — — — —msci world 5,27 15,38 — 10,60 18,78

bilanciatibil.azionari — — — — —AnimaForza 5 A# mmmmm 2,68 7,73 8,79 5,80 n.s.AnimaForza 5 B# mmmmm 2,68 7,68 8,79 5,76 —AnimaForza 5 Y# mmmmm 2,77 8,67 8,79 6,70 12,71ANM Anima Cap.Più70 F# mmmmm 2,22 n.s. 11,63 n.s. n.s.ANM Anima Cap.Più70 N# mmmmm 2,13 n.s. — n.s. n.s.ANM Anima CapiPiù 70 A# mmmmm 2,13 n.s. 11,63 n.s. n.s.Fonditalia Core3 R mmmmm 3,16 8,27 — 1,69 9,95Fonditalia Core3 T mmmmm 3,20 8,94 — 2,34 10,62IGMFdF Bilanciato Az. Cl.A# mmmmm 3,32 13,65 — 6,95 9,66IGMFdF Bilanciato Az. Cl.B# mmmmm 3,39 14,47 — 7,73 10,41UBIPra. Port. Aggressivo mmmmm 3,73 12,18 14,60 5,62 11,24UBIPra. Privilege 4# mmmmm 3,63 11,58 13,64 5,28 10,1870%msciworld&30%jpm emu 3,99 12,54 — 9,43 15,28

bilanciati — — — — —AllianzMulti50# mmmmm 2,38 7,25 10,56 5,01 8,52Alto Bilanciato mmmmm -0,77 -3,93 5,18 0,79 3,90AnimaForza 4 A# mmmmm 2,30 7,51 9,17 6,00 n.s.AnimaForza 4 B# mmmmm 2,29 7,51 9,17 5,98 —AnimaForza 4 Y# mmmmm 2,34 8,22 9,17 6,71 10,85ArcaBB mmmmm 3,71 13,22 13,88 7,14 9,27BancoPostaMix2 mmmmm 2,15 7,57 8,22 6,40 7,50Consult Bilanciato A2 mmmmm 3,96 6,51 — 2,18 8,70ConsultinvestBil A1 mmmmm — — — — —EticaBilanciato IEY mmmmm 3,19 13,61 11,34 — —EticabilanciatoE mmmmm 3,12 12,61 11,34 6,94 12,55EurizonBil.Euro Multi.# mmmmm 3,23 11,13 12,38 6,27 8,70EurizonSoluzione 40 mmmmm 2,58 6,95 7,75 5,20 7,24EurizonSoluzione 60 mmmmm 3,33 7,78 8,88 5,03 8,67Euromob.Bilanciato mmmmm 3,48 9,70 — 5,83 8,45Fideuram Bilanciato mmmmm 3,10 9,91 12,12 4,84 n.s.Fondersel mmmmm 2,21 5,97 6,12 3,47 7,03Fonditalia Core2 R mmmmm 2,59 6,74 — 1,82 8,06Fonditalia Core2 T mmmmm 2,64 7,36 — 2,42 8,67GestnordBil.Euro A mmmmm 3,62 11,54 14,91 3,32 6,92GestnordBil.Euro CY mmmmm 3,69 — — — —Nextam Part.Bilanciato mmmmm 4,75 12,36 — 2,61 6,58Star CollBil.PaesiEmA# mmmmm 1,02 -9,30 — — —Star CollBil.PaesiEmCY# mmmmm 1,08 — — — —SynergiaBilanciato 50 mmmmm 2,80 10,28 9,94 4,03 —UBIPra. Europe Multifund mmmmm 2,14 — — — —UBIPra. Port. Dinamico mmmmm 2,29 6,65 8,62 4,11 8,17UBIPra. Privilege 3# mmmmm 2,66 8,01 9,51 4,89 8,4150%msciworld&50%jpm emu 2,23 9,71 — 8,13 12,80

bil.obbligazionari — — — — —







AllianzMulti20# mmmmm 1,48 5,22 7,63 5,01 6,21Alpi Bilanciato mmmmm 1,78 5,12 0,07 n.s. n.s.AmundiOriz.20 Italia mmmmm — — — — —AmundiOriz.20 SilverAge mmmmm 1,17 — — — —AnimaForza 3 A# mmmmm 1,21 3,77 6,04 4,17 n.s.AnimaForza 3 B# mmmmm 1,21 3,77 6,04 4,18 —AnimaForza 3 Y# mmmmm 1,25 4,40 6,04 4,77 6,90ANM Anima Cap.Più30 N# mmmmm 1,79 — — — —ANM Anima Cap.Più15A# mmmmm 1,13 5,21 5,79 2,86 4,78ANM Anima Cap.Più15F# mmmmm 1,20 6,23 5,79 — —ANM Anima Cap.Più30 A# mmmmm 1,79 7,80 8,48 3,09 6,61ANM Anima Cap.Più30 F# mmmmm 1,89 9,15 8,48 — —ANM Anima VisconteoA mmmmm 1,92 8,62 7,98 4,32 7,03ANM Anima VisconteoF mmmmm 1,96 9,16 7,98 — —ArcaTE mmmmm 2,02 1,18 2,49 5,22 6,37Fonditalia Core1 R mmmmm 1,66 5,09 — 2,52 5,81Fonditalia Core1 T mmmmm 1,71 5,60 — 3,03 6,30Swiss& GlobalChallen IY mmmmm 1,83 3,38 — — —Swiss& GlobalChallen R mmmmm 1,81 2,91 — 2,49 3,58SynergiaBilanciato 30 mmmmm 1,72 6,81 7,48 3,72 —UBIPra. B. EuroRis. Cont. mmmmm 1,73 6,54 7,55 2,01 3,25UBIPra. Multiasset IT mmmmm — — — — —UBIPra. Port. Moderato mmmmm 1,15 3,18 4,77 3,12 5,03UBIPra. Privilege 1# mmmmm 1,44 4,55 5,43 3,66 4,74UBIPra. Privilege 2# mmmmm 2,03 6,46 7,62 4,36 6,7030%msciworld&70%jpm emu 1,69 8,15 — 7,45 9,88

obbligazionariob.eurogovernativi b.t. 0,27 1,96 — 2,27 1,85AcomeABreve Term.A1 mmmmm 1,23 8,48 — 7,80 5,35AcomeABreve Term.A2 mmmmm 1,25 8,80 — — —Alto EuroGovernativo B/T mmmmm 0,45 3,58 3,19 3,14 2,07AmundiBreve Termine mmmmm 0,99 5,20 3,71 3,50 2,30AnimaFix EuroA mmmmm 0,02 0,48 1,04 0,76 n.s.AnimaFix EuroI mmmmm 0,04 0,72 1,04 0,99 1,57AnimaFix EuroYY mmmmm 0,03 0,72 1,04 1,03 1,64AnimaFix Obbl. BT A mmmmm 0,22 2,34 1,87 1,87 n.s.AnimaFix Obbl. BT Y mmmmm 0,25 2,79 1,87 2,31 —ANM Anima SalvadanaioA mmmmm 0,21 1,75 1,45 0,05 0,62ANM Anima SalvadanaioF mmmmm 0,23 2,07 1,45 — —ArcaMM mmmmm 0,67 4,72 5,14 5,83 3,86BancoPostaObbl. EuroBT mmmmm 0,09 0,99 1,57 2,38 1,78BancoPostaReplay12 mesi mmmmm 0,10 0,79 — — —ConsultinvestBreve Term mmmmm 0,89 4,42 — 2,85 —Eticaobb.breve term.E mmmmm 0,16 1,75 1,99 1,89 1,34EticaObbl. BreveT. IEY mmmmm 0,18 2,05 1,99 — —EurizonObbl. EuroBT A mmmmm 0,35 2,09 1,87 — —EurizonObbl. EuroBT D mmmmm 0,35 2,08 1,87 2,42 1,75Euromob.EuroAggregate mmmmm 0,41 1,98 — 2,13 1,60Fideuram Risparmio mmmmm 0,07 0,22 1,05 0,75 0,44FondacoEuro CashBY mmmmm 0,11 1,27 — — —FondacoEuro CashY mmmmm 0,11 1,27 — 1,76 1,73FonderselReddito mmmmm 0,44 2,68 2,26 4,38 2,81FonditEur BondDefe. S mmmmm 0,11 — — — —FonditEur BondDefen R mmmmm 0,11 1,04 — 2,74 1,88FonditEuro BondDefen T mmmmm 0,14 1,39 — 3,08 2,22Fonditalia Eu CurrencyR mmmmm 0,07 0,30 — 0,98 0,68Fonditalia Eu CurrencyT mmmmm 0,10 0,60 — 1,28 0,96GestielleBT Cedola Cl.A mmmmm -2,47 0,26 1,78 -1,17 -0,41GestielleBT Cedola Cl.BY mmmmm -2,43 0,76 — -0,74 —GIFocus Euro Gov. BT mmmmm 0,21 2,00 1,33 2,35 2,13Interf.Euro Currency mmmmm 0,09 0,57 — 1,13 0,85MalatestaBreveTermine mmmmm 0,34 1,50 1,74 2,50 1,74MediolanumRisp DinamL mmmmm 0,59 4,11 2,00 2,77 n.s.NordfondoObbl. B.TA mmmmm 0,26 1,92 1,33 2,14 1,45NordfondoObbl. B.TB mmmmm 0,27 -0,18 — — —NordfondoObbl. B.TCY mmmmm 0,28 — — — —

Passadore BreveTermine mmmmm 0,33 1,69 1,74 2,52 1,73Pion.Eur Gov BT (ex Mon.)A mmmmm 0,06 0,94 1,74 2,12 1,85Pion.Eur Gov BT (ex Mon.)B mmmmm 0,06 0,82 — — —SoprarnoPronti Termine mmmmm -0,20 1,93 1,00 3,50 2,52Symp. ObbBreveTerm mmmmm 0,24 2,04 1,59 2,55 1,95Symp. ObbRendita mmmmm 0,31 3,55 3,52 n.s. n.s.SynergiaObb.Rend. mmmmm 0,59 5,06 6,53 n.s. n.s.SynergiaObbl. EuroBT mmmmm 0,19 1,88 1,92 2,26 —TeodoricoBreveTermine mmmmm 0,55 2,25 1,74 2,78 1,93UBIPra. Euro BT mmmmm 0,20 1,92 2,26 1,65 1,70ZenitMc BreveTer Cl.I mmmmm 0,21 1,69 — 2,38 2,15ZenitMc BreveTer Cl.R mmmmm 0,18 1,36 — 2,01 1,81jpmgbi emu 1-3yr 0,21 2,43 — 2,53 2,09

ob.eurogovernativi m/l t 0,82 4,18 — 4,72 4,00AcomeAEurobb. A1 mmmmm 1,65 9,75 — 10,01 6,63AcomeAEurobb. A2 mmmmm 1,68 10,18 — — —Agora Income mmmmm 0,20 0,68 3,91 3,33 —AllianzRedditoEuro mmmmm 0,91 4,43 4,88 5,48 4,19AnimaFix Obbl. MLT A mmmmm 0,92 6,25 5,26 5,06 n.s.AnimaFix Obbl. MLT Y mmmmm 0,96 6,72 5,26 5,66 —ANM ANIMACap. PiùOb. N# mmmmm 0,57 — — — —ANM Anima Obbl.EuroA mmmmm 0,58 4,40 3,22 1,58 4,23ANM Anima Obbl.EuroF mmmmm 0,62 4,69 3,22 — —ANM Capitale PiùObbl. A# mmmmm 0,58 2,75 3,63 2,36 2,88ANM Capitale PiùObbl. F# mmmmm 0,65 3,56 3,63 — —ArcaRR mmmmm 0,91 4,31 4,66 6,69 5,00AzimutRedditoEuro mmmmm 0,62 4,49 — 3,87 2,77BancoPostaObbl. EuroML/t mmmmm 0,44 3,54 3,88 5,68 4,04EpsilonQincome mmmmm 1,23 8,87 5,92 6,31 4,71EurizonObbl. Euro mmmmm 1,04 4,95 4,94 5,89 4,65Euromob.Reddito mmmmm 1,02 5,07 — 5,21 3,69Fideuram Rendimento mmmmm -0,95 6,17 10,10 3,64 2,64FondacoEurogov Beta BY mmmmm 0,99 5,51 — — —FondacoEurogov BetaY mmmmm 0,99 5,49 — 6,67 4,85FonderselEuro mmmmm 1,36 5,15 5,66 6,57 4,50FonditEur BdLng TermS mmmmm 1,83 — — — —Fonditalia Eu B.LongT R mmmmm 1,82 7,00 — 8,74 6,08Fonditalia Eu B.LongT T mmmmm 1,87 7,43 — 9,16 6,48Fonditalia EuroBondR mmmmm 0,47 3,33 — 6,55 4,29Fonditalia EuroBondS mmmmm 0,46 — — — —Fonditalia EuroBondT mmmmm 0,50 3,73 — 6,97 4,68GestielleMT EuroCl.A mmmmm 0,50 4,80 4,39 3,21 2,19GestielleMT EuroCl.B mmmmm 0,55 5,48 — 3,79 2,70Interf.Euro BondLongT mmmmm 1,87 7,32 — 9,46 6,60Interf.Euro BondMed. T mmmmm 0,93 4,94 — 7,37 4,87Interf.Euro Short Term1-3 mmmmm 0,12 1,49 — 2,39 1,71Interf.Euro Short Term3-5 mmmmm 0,42 3,22 — 4,66 3,26MalatestaObblig. Euro mmmmm 0,71 3,84 3,48 4,28 2,86NordfondoOb.EuroM.T. A mmmmm 0,65 3,94 4,07 3,10 2,35NordfondoOb.EuroM.T. CY mmmmm 0,69 — — — —PioneerEu Gov MT Dis A mmmmm 0,68 4,98 5,92 — —PioneerEu Gov MT Dis B mmmmm 0,66 4,88 — — —PioneerObb.Euro Distr B mmmmm 0,48 4,21 — — —RasLux B. Europe mmmmm — — — — —Symp. Obblig.Euro mmmmm 0,57 3,32 4,88 4,83 3,77SynergiaObbl. EuroMT mmmmm 0,54 3,29 4,59 4,81 —UBIPra. Euro M/L Term. mmmmm 0,65 2,62 4,88 3,43 3,35mlemu direct government 0,97 5,66 — 6,99 5,10

ob.eurocorp.invest.grade. 0,91 5,04 — 5,12 6,48AmundiCorporate 3 anniY mmmmm 0,09 0,54 — -1,04 —AnimaFix Imprese A mmmmm 1,44 9,59 3,62 7,10 7,18AnimaFix Imprese Y mmmmm 1,48 10,30 3,62 7,79 7,83ANM Anima Obb.Corpor. A mmmmm 1,67 9,67 3,62 5,32 7,55ANM Anima Obb.Corpor. F mmmmm 1,69 10,40 3,62 — —ArcaBondCorporate mmmmm 1,03 5,17 3,93 6,71 7,09







BancopostaCorp. 2014 mmmmm 0,12 2,28 — 4,00 —EurizonObbl. EuroCorp. mmmmm 0,98 4,85 3,68 4,91 6,17EurizonObbl. EuroCorp. BT mmmmm 0,62 3,32 2,03 3,36 4,26FoiEu Corp BndS mmmmm 0,80 1,33 — 2,13 —Fonditalia Eu CorpBnd R mmmmm 0,80 4,02 — 4,74 5,44Fonditalia Eu CorpBnd T mmmmm 0,83 4,41 — 5,14 5,83Interf.Euro CorporateBd mmmmm 0,84 3,89 — 4,64 5,53NordfondoOb.EuroCorp A mmmmm 1,18 4,68 3,95 6,16 7,00NordfondoOb.EuroCorp CY mmmmm 1,21 — — — —PioneerOb Eu Co EtDis AE mmmmm 0,64 4,80 4,40 6,17 8,96PioneerOb Eu Co EtDis BE mmmmm 0,64 4,64 — — —Symp. Obb.Corp. mmmmm 0,99 4,55 3,53 5,41 5,00SynergiaObbl Corporate mmmmm 0,81 3,97 3,70 5,29 —UBIPra. Euro Corp. mmmmm 0,85 4,59 4,27 5,37 6,62lehman euroaggr.corporate 0,72 4,37 — 6,46 7,98

ob.eurohigh yield — — — — —AnimaFix High Yeld Y mmmmm 2,35 14,88 10,31 8,88 17,09AnimaFix High YieldA mmmmm 2,27 13,74 10,31 7,81 16,00ANM Anima Ob HiYieldA mmmmm 2,13 12,49 10,31 2,24 6,71ANM Anima Ob HiYieldAD mmmmm 2,13 12,58 10,31 — —ANM Anima Ob HiYieldF mmmmm 2,22 13,73 10,31 — —EurizonObbl. EuroHY mmmmm 1,57 8,53 9,24 6,32 12,69FoiBndGl. High YieldTY mmmmm 2,32 7,78 — 5,66 12,91FoiBondGl.High YieldS mmmmm 2,26 0,87 — — —FoiBondGlobHighYield R mmmmm 2,26 6,95 — 5,02 12,38IfuBondGl. High Yield mmmmm 2,27 6,54 — 5,99 13,57mleuro high yield 1,79 11,74 — 10,26 21,87

ob.dollarogovernativi b.t. — — — — —EurizonBr.Ter.Dollaro mmmmm -1,72 -5,70 -5,25 0,32 -1,80EurizonBr.Ter.Dollaro$ mmmmm -1,84 -5,89 -5,25 0,18 -1,84Euromob.Conservativo mmmmm 0,22 1,75 — 1,43 1,05jpmgbi us 1-3y -1,65 -4,84 — 1,49 -0,52

ob.int. corp.invest.gr. — — — — —UBIPra. Obb. Glob.Corp. mmmmm 0,71 1,72 2,16 5,75 7,90lehman aggregate corporate 0,72 4,37 — 6,46 7,98

ob.int. highyield — — — — —FonditBondHY Short R mmmmm 0,32 — — — —FonditBondHY Short S mmmmm 0,32 — — — —FonditBondHY Short T mmmmm 0,36 — — — —PioneerObb GloHY Dis A mmmmm 0,48 0,25 1,55 — —PioneerObb GloHY Dis B mmmmm 0,40 0,22 — — —UBIPra. Obb. Gl.Alto Ren. mmmmm 2,14 5,93 6,88 7,52 14,14mlglobal high yield 2,00 7,73 — 8,99 20,12

ob.altrespecializzazioni 0,74 3,83 — 4,39 4,45Alpi Bond mmmmm 0,24 1,65 0,05 n.s. n.s.AmundiObbligaz. Euro mmmmm 1,62 4,41 4,86 5,50 4,60AnimaFix Emergenti A# mmmmm 1,17 -6,37 -1,42 3,19 n.s.AnimaFix Emergenti Y# mmmmm 1,24 -5,43 -1,42 4,21 8,29AnimaForza 1 A mmmmm 0,60 2,06 1,80 2,87 n.s.AnimaForza 1 B mmmmm 0,58 2,06 1,80 2,87 —AnimaForza 1 Y mmmmm 0,60 2,35 1,80 3,21 2,40AnimaForza 2 A mmmmm 0,92 4,54 3,98 4,36 n.s.AnimaForza 2 B mmmmm 0,94 4,56 3,98 4,36 —AnimaForza 2 Y mmmmm 0,95 4,83 3,98 4,74 4,90ANM Anima Riserva Emer.A mmmmm 0,58 -7,49 -6,01 — —ANM Anima Riserva Emer.F mmmmm 0,62 -7,10 -6,01 — —ANM Anima Riserva Glob.A mmmmm -0,39 -3,66 -3,55 — —ANM Anima Riserva Glob.F mmmmm -0,35 -3,38 -3,55 — —AureoCedola I -2016 mmmmm 1,13 6,02 — — —AureoCedola II - 2017 mmmmm 1,45 10,42 — — —AzimutTrendTassi mmmmm 0,84 4,78 — 4,68 3,31BancoPostaObb.Sett. 2016 mmmmm — — — — —

BancoPostaObbl Dic 2017 mmmmm 0,75 6,09 — — —BancoPostaObbl. Feb14 mmmmm 0,06 1,36 — — —BCCCed. Att. Dicembre18 mmmmm — — — — —BCCCed. Dicembre18 mmmmm — — — — —BCCCedola III Op- 2017 mmmmm 1,99 6,68 — — —BCCCedola IV -2018 mmmmm 1,70 — — — —BCCCedola IV Op-2018 mmmmm 1,97 — — — —BCCCedola V -2018 mmmmm 1,99 — — — —BCCCedola V Op-2018 mmmmm 2,39 — — — —BnlObbl. Globali mmmmm 1,48 1,84 — 4,32 3,89EurizonObbl. CedolaA mmmmm 0,77 2,90 3,12 — —EurizonObbl. CedolaD mmmmm 0,77 2,90 3,12 2,03 2,98EurizonObbl. EticoE mmmmm 1,00 5,15 4,38 6,56 6,00FoiCore BondR mmmmm 1,20 -0,67 — 2,18 —FoiCore BondT mmmmm 1,24 -0,27 — 2,58 —FoiEu YieldPl S mmmmm 0,28 -0,07 — -0,83 —FonderselSh. Term Asset mmmmm 0,06 — — — —FonditCore BondS mmmmm 1,20 — — — —Fonditalia Eu YieldPl R mmmmm 0,28 0,92 — 0,26 n.s.Fonditalia Eu YieldPl T mmmmm 0,30 1,29 — 0,64 n.s.Fonditalia GlobConv. R mmmmm 3,13 — — — —Fonditalia GlobConv. S mmmmm 3,13 — — — —Fonditalia GlobConv. T mmmmm 3,19 — — — —Fonditalia InflatLinked R mmmmm 0,39 -5,21 — 3,21 4,29Fonditalia InflatLinked T mmmmm 0,42 -4,84 — 3,61 4,68GestielleObbl. Corp. A mmmmm 1,27 8,90 6,54 8,29 9,95GestielleObbl. Corp. B mmmmm 1,33 9,77 — — 10,38Interf. InflationLinked mmmmm 0,42 -4,05 — 4,13 5,15InterfundGlob.Convert mmmmm 4,02 13,99 — 5,81 —NordfondoObbl. Conv.A mmmmm 2,41 8,65 11,00 3,50 8,82NordfondoObbl. Conv.CY mmmmm 2,44 — — — —PioneerCIM EuroFixIncome mmmmm 0,48 4,04 — 5,56 7,18PioneerObb.Euro Distr A mmmmm 0,49 4,37 4,86 6,21 4,92RasLux Short T. Dollar mmmmm — — — — —RasLux Short T. Eur. mmmmm — — — — —Star CollOb Inter. A# mmmmm -0,88 -5,01 — — —Star CollOb Inter. CY# mmmmm -0,84 — — — —Star CollOb M/L TerA# mmmmm 0,84 2,92 — — —Star CollOb M/L TerCY# mmmmm 0,88 — — — —UBIPra. Obb. Dollari mmmmm -1,35 -6,04 -5,57 4,40 3,40jpmglobal -0,92 -4,42 — 2,71 2,77

ob.misti — — — — —AcomeAPerform. A1 mmmmm 2,46 7,52 — 6,42 6,18AcomeAPerform. A2 mmmmm 2,48 8,06 — — —AlleanzaObbligaz. mmmmm 2,23 6,66 13,61 3,75 2,93AnimaTr. 18 It.Al.Pot.II mmmmm 1,11 7,42 — — —AnimaTr.18 Eu.Al.Pot.II mmmmm 1,21 — — — —AnimaTr.18 Eu.Al.Pot.III mmmmm 1,23 — — — —AnimaTr.19 Cre.Sost. mmmmm 1,36 — — — —AnimaTr.19 Cre.Sost. II mmmmm 1,36 — — — —AnimaTrag 18 Alto Pot. mmmmm 1,22 — — — —AnimaTrag 18 Eu.Al.Pot. mmmmm 1,22 — — — —AnimaTrag 18 It.Al.Pot. mmmmm 1,13 8,33 — — —AnimaTrag 2019 Glob mmmmm 1,33 — — — —AnimaTrag 2019 MultiAss mmmmm 0,98 — — — —AnimaTrag Cedola Europa mmmmm 1,06 — — — —AnimaTrag. 19 FlexII mmmmm 1,37 — — — —AnimaTrag. 19 Plus mmmmm 1,32 — — — —AnimaTrag. 19 PlusII mmmmm 1,32 — — — —AnimaTrag. 2019 Flex mmmmm 1,35 — — — —AnimaTrag. Dinamico mmmmm 1,41 — — — —ANM Anima Cap.Più15N# mmmmm 1,11 — — — —ANM Anima SforzescoA mmmmm 0,91 4,87 2,99 3,88 5,54ANM Anima SforzescoF mmmmm 0,98 5,57 2,99 — —ArcaObbligaz. Europa mmmmm 1,57 5,28 6,17 6,81 5,63BancoPostaMix1 mmmmm 1,23 4,40 5,26 5,37 4,99







EticaObbl. MistoIEY mmmmm 1,13 5,96 5,43 — —EticaObbligaz. mistoE mmmmm 1,10 5,34 5,43 4,60 4,66EurizonDiversEticoE mmmmm 1,14 4,64 4,59 4,94 5,08EurizonRenditaA mmmmm 0,58 5,13 3,25 — —EurizonRenditaD mmmmm 0,57 5,13 3,25 2,65 2,85EurizonSoluzione 10 mmmmm 1,09 4,18 4,08 2,95 2,76GestielleCed.Multi Tar mmmmm 1,98 — — — —GestielleCed.Multi Tar2 mmmmm 0,61 — — — —GestielleCedola PiùIta mmmmm 2,80 — — — —Nextam Part.Obbl. Misto mmmmm 2,14 9,16 — 6,48 5,35NordfondoEtico ObMistoE mmmmm 1,31 5,86 6,48 2,80 3,24PioneerOb. Piu' Dis A mmmmm 0,92 2,43 1,93 5,05 5,18PioneerOb. Piu' Dis B mmmmm 0,98 2,37 — — —Symp. Patrim. Redd. mmmmm 2,20 6,30 — 4,85 4,17SynergiaBilanciato 15 mmmmm 1,02 4,51 5,77 3,48 —UBIPra. Port. Prudente mmmmm 0,65 1,89 3,11 2,36 3,07Unicredit RedditoA# mmmmm 0,99 0,12 — — —Unicredit RedditoB# mmmmm 0,95 -0,30 — — —ZenitMc Obbligaz. Cl.I mmmmm 1,12 5,65 — 4,00 4,16ZenitMc Obbligaz. Cl.R mmmmm 1,07 5,10 — 3,45 3,6380%jpm global&20%msci world 0,07 -0,68 — 4,24 6,83

ob.flessibili 0,80 4,05 — 4,33 3,96AllianzObbligaz. Flessibile mmmmm 0,44 2,09 — 2,50 1,72Alto Eu Flessibile Obbl. mmmmm -2,59 3,34 — 3,05 2,94AmundiDiv.Attiva 18 mmmmm 3,11 — — — —AmundiDiv.Attiva 18 4 mmmmm 2,06 — — — —AmundiDiv.Attiva 18 Due mmmmm 3,06 — — — —AmundiDiv.Attiva 18 Tre mmmmm 2,45 — — — —AmundiDiv.Attiva 19 mmmmm 1,12 — — — —AmundiMeta 19Prem. Due mmmmm 1,64 — — — —AmundiMeta 2018 mmmmm -1,44 — — — —AmundiMeta 2018 Due mmmmm -1,43 — — — —AmundiMeta 2018 TRE mmmmm -0,25 — — — —AmundiMeta 2019 Premium mmmmm 1,55 — — — —AmundiMeta Opp. 2017 mmmmm 0,10 — — — —AmundiMeta Plus 19AE Due mmmmm 1,98 — — — —AmundiMeta Plus 19AE TRE mmmmm 1,60 — — — —AmundiMeta Plus 19Mer Sv mmmmm 1,66 — — — —AmundiMeta Plus 19Usa mmmmm 2,01 — — — —AmundiMeta Plus 2019 AE mmmmm 2,08 — — — —AmundiOriz.19 Ced eDiv mmmmm 2,58 — — — —AmundiOriz.19 Ced eDiv 2 mmmmm 2,54 — — — —AmundiTraguardo 3% mmmmm -1,66 6,34 — — —AnimaRend.Ass.Obbligaz. A mmmmm 0,93 4,24 — n.s. n.s.AnimaRend.Ass.Obbligaz. Y mmmmm 0,98 4,76 — n.s. n.s.AnimaTrag 2017 Ced4 II mmmmm 0,99 6,27 — — —ANM Anima Risparmio A mmmmm 0,45 3,71 — 2,10 2,74ANM Anima Risparmio F mmmmm 0,45 3,60 — — —ANM Anima Tr.18 M.CedII mmmmm 0,96 8,04 — — —ANM Anima Trag 17Ced4 mmmmm 0,89 5,13 — — —ANM Anima Trag 17Ced4 3 mmmmm 1,04 7,23 — — —ANM Anima Trag 2016Ced3 mmmmm 0,74 4,34 — — —ANM Anima Trag 2017M.Ced mmmmm 1,16 7,01 — — —ANM Anima Trag 2018C.Sem mmmmm 1,03 7,92 — — —ANM Anima Trag 2018T.Ced mmmmm 1,02 7,54 — — —ANM Anima Trag II2016 mmmmm 0,95 5,07 — — —ANM Anima Traguardo2016 mmmmm 0,63 4,09 — 5,26 —ANM Anima Traguardo2018 mmmmm 0,83 7,40 — 7,20 —Arca19Red. Multival. P mmmmm — — — — —Arca19Red. Multival. R mmmmm — — — — —ArcaCedBondGlob Eur mmmmm 0,28 1,22 — 5,25 —ArcaCed.18 Ob.Att.IIIP mmmmm 1,26 — — — —ArcaCed.18 Ob.Att.IIIR mmmmm 1,28 — — — —ArcaCed.18 Ob.Att.IV P mmmmm 1,36 — — — —ArcaCed.18 Ob.Att.IV R mmmmm 1,36 — — — —ArcaCed.18 Ob.Attiva II mmmmm 1,10 — — — —

ArcaCed.18 Obb.Attiva mmmmm 1,16 6,53 — — —ArcaCed.18 Paesi Em.VL P mmmmm 0,07 -7,87 — — —ArcaCed.18 Paesi Em.VL R mmmmm 0,07 -7,89 — — —ArcaCed.18 Paesi Em.VL2 P mmmmm 0,17 — — — —ArcaCed.18 Paesi Em.VL2 R mmmmm 0,17 — — — —ArcaCed.18 Paesi Em.VL3 P mmmmm 0,61 — — — —ArcaCed.18 Paesi Em.VL3 R mmmmm 0,61 — — — —ArcaCed.19Ob.Att.V P mmmmm — — — — —ArcaCed.19Ob.Att.V R mmmmm — — — — —ArcaCed.Bo.2015 Alto Pot mmmmm 0,28 1,65 — 5,66 —ArcaCed.Bo.2015 Alto Pot.2 mmmmm 0,59 3,53 — 6,17 —ArcaCed.Bo.2016 Alto Pot.3 mmmmm 0,92 6,56 — — —ArcaCed.Bo.2017Alto Pot.4 mmmmm 1,16 6,87 — — —ArcaCed.Bo.2017Alto Pot.5 mmmmm 0,98 4,68 — — —ArcaCed.Bo.2017Alto Pot.6 mmmmm 1,00 7,54 — — —ArcaCed.BondGlob.Eu II mmmmm 0,38 1,83 — 4,74 —ArcaCed.BondGlob.Eu III mmmmm 0,52 2,02 — 4,41 —ArcaCed.BondPaesi Em. mmmmm 0,62 0,44 — 3,17 —ArcaCed.Corp.BondIII mmmmm 0,06 -0,32 — 2,93 —ArcaCed.Corp.BondIV mmmmm 0,13 0,34 — 3,69 —ArcaCed.Gov.Eu.Bond mmmmm — — — — —ArcaCed.Gov.Eu.Bond III mmmmm 0,04 2,23 — 5,14 —ArcaCed.Gov.Eu.Bond IV mmmmm 0,17 3,81 — 6,13 —ArcaCedola Corp.Bond mmmmm — — — — —BCCRisparmio Obbligaz. mmmmm 0,44 3,46 — 2,28 1,90BNL RedditoPlus mmmmm 1,21 2,36 — 1,53 —Consult High YieldA1 mmmmm 1,64 — — — —Consult High YieldA2 mmmmm 1,66 4,04 — 4,68 9,19Consult High YieldB1 mmmmm 1,58 — — — —Consult High YieldIY mmmmm 1,71 — — — —Consult RedditoA1 mmmmm 2,14 — — — —Consult RedditoA2 mmmmm 2,12 9,91 — 3,83 7,30Consult RedditoB1 mmmmm 2,09 — — — —Consult RedditoB2 mmmmm 2,11 9,92 — — —Consult ValoreA2 mmmmm 1,20 8,30 — 4,29 5,19Consult ValoreB2 mmmmm 1,18 8,26 — — —ConsultinvestReddito IY mmmmm 2,14 — — — —ConsultinvestValore A1 mmmmm 1,15 — — — —ConsultinvestValore B1 mmmmm 1,12 — — — —ConsultinvestValore IY mmmmm — — — — —EurizonCed. Doc 02/19 mmmmm 1,35 8,25 — — —EurizonCed. Doc 04/19 mmmmm 1,38 7,51 — — —Euromob.Cedola 3- 2017 mmmmm 1,09 — — — —Euromob.Emerg Mkt Bond mmmmm 1,03 -7,65 — n.s. n.s.Euromob.F2 mmmmm 0,52 0,94 — 1,47 1,94Euromob.Obiettivo 2015 mmmmm 0,52 4,65 — — —FoiGlobalBond R mmmmm 0,30 -5,19 — -0,31 —FoiGlobalBond S mmmmm 0,29 -7,29 — -2,61 —FoiGlobalBond T mmmmm 0,31 -4,74 — 0,15 —FonditEthical R mmmmm 0,28 -0,10 — — —FonditEthical TY mmmmm 0,28 -0,04 — — —Fonditalia FlexibBondR mmmmm 0,25 -2,16 — n.s. n.s.Fonditalia FlexibBondS mmmmm 0,25 -4,03 — — —Fonditalia FlexibBondT mmmmm 0,28 -1,68 — n.s. n.s.GestielleCedFissa II A mmmmm 1,01 5,39 — — —GestielleCedFissa II BY mmmmm 1,08 6,25 — — —GestielleCedola Fissa mmmmm 1,05 5,10 — — —GestielleCedola O.B.E. mmmmm -1,91 0,23 — — —GestielleCedola Più mmmmm -0,33 9,48 — — —GIFocus Obbligazionario mmmmm -0,53 -3,19 — -0,93 0,53MediolanumFleObb Glob L mmmmm 0,75 0,05 — 4,09 n.s.RitorniReali mmmmm 2,04 6,26 — 1,58 3,19Symp. Obb.Alto Pot. mmmmm 0,99 4,13 — — —Symp. Obb.Din. Val. mmmmm -0,57 -8,20 — n.s. n.s.SynergiaBondFlessib. mmmmm 0,52 1,98 — — —UBIPra. Active Duration mmmmm 0,07 1,47 — 1,39 1,57UBIPra. Tot RetPr mmmmm 0,13 1,45 — 1,57 1,66







UniCreditSoluzione BTA mmmmm 0,06 0,33 — — —UniCreditSoluzione BTB mmmmm 0,02 -0,16 — — —jpmgbi global all.mat. -0,92 -4,42 — 2,71 2,77

ob.italia 0,75 4,40 — — —ANM Anima TricoloreA mmmmm 2,03 12,65 12,51 — —ANM Anima TricoloreF mmmmm 2,05 13,00 12,51 — —AzimutSolidity mmmmm 1,12 6,11 — 3,38 3,26BancoPostaObb. Italia Dic 2019 B mmmmm — — — — —BancoPostaObb. Italia Sett. 2018 mmmmm — — — — —BancoPostaObb.Ita Dic18 mmmmm 1,45 11,01 — — —BancoPostaObb.Italia Dic 2019 A mmmmm — — — — —B.Posta Ob. ItaliaMarzo 2018 mmmmm — — — — —BancoPostaObblig. ItaliaMarzo mmmmm — — — — —EpsilonItalyBo.Sh.Term A mmmmm 0,05 0,55 1,12 — —EpsilonItalyBo.Sh.Term B mmmmm 0,08 0,87 1,12 1,64 1,54EpsilonItalyBo.Sh.Term I mmmmm 0,09 1,02 1,12 — —EurizonObbl. ItaBT A mmmmm 0,49 2,93 2,75 2,90 1,93EurizonObbl. ItaBT B mmmmm 0,51 3,24 2,75 3,20 2,22PioneerOb.Sist.It Dis A mmmmm 1,60 10,60 12,31 — —PioneerOb.Sist.It Dis B mmmmm 1,56 10,46 — — —jpmgbi italy tradedindex 2,13 13,15 — 8,60 6,51

monetariarea euro 0,07 0,66 — 1,24 1,06AcomeALiquidita' A1 mmmmm 0,20 2,23 — n.s. n.s.AcomeALiquidita' A2 mmmmm 0,20 2,22 — — —Agora Cash mmmmm 0,03 0,71 0,25 1,04 2,13AllianzLiquidita'A mmmmm 0,02 0,07 0,59 0,86 0,65AllianzLiquidita'B mmmmm 0,03 0,35 0,59 1,17 0,97AmundiLiquidita' mmmmm 0,04 0,45 0,33 0,91 0,84Anfiteatro Tesoreria mmmmm — — — — —ANM Anima Liq. EuroA mmmmm 0,10 0,44 1,03 — —ANM Anima Liq. EuroF mmmmm 0,12 0,74 1,03 — —ANM Anima Liq. EuroI mmmmm 0,12 0,62 1,05 1,36 1,53AzimutGaranzia mmmmm 0,09 0,70 — 1,57 1,11BancoPostaLiquidità mmmmm 0,05 0,84 0,81 n.s. n.s.BCCMonetario mmmmm 0,03 0,17 0,41 0,46 0,42Bnl Liquidita' mmmmm -0,01 0,03 — 0,55 0,75EurizonTesor.EuroA mmmmm 0,06 0,73 0,77 1,32 1,07EurizonTesor.EuroB mmmmm 0,10 1,05 0,77 1,62 1,36Fideuram Moneta mmmmm 0,03 0,33 1,05 1,05 0,71Interf.Euro LiquidityY mmmmm — — — — —NordfondoLiquiditàA mmmmm 0,06 0,78 0,42 1,38 1,15NordfondoLiquiditàCY mmmmm 0,06 — — — —PioneerLiquidita'Euro mmmmm 0,02 0,25 0,11 0,99 0,75SynergiaTesoreria mmmmm 0,06 0,62 0,59 1,07 —UBIPra. Euro Cash mmmmm 0,08 0,52 0,59 1,11 0,95jpmigbi 3m cash 0,03 0,25 — 0,99 1,17

flessibilifondiflessibili — — — — —8a+GranParadiso mmmmm -0,19 3,70 — -1,01 —8a+Latemar mmmmm 2,04 11,10 — 3,75 6,14AcomeAEtf Attivo A1 mmmmm 6,63 12,53 — n.s. n.s.AcomeAEtf Attivo A2 mmmmm 6,72 13,52 — — —AcomeAPatr. Aggr.A2 mmmmm 3,53 13,98 — — —AcomeAPatr. Aggr.A1 mmmmm 3,44 13,28 — 1,27 6,76AcomeAPatr. Dinam.A1 mmmmm 2,87 8,76 — 3,60 6,53AcomeAPatr. Dinam.A2 mmmmm 2,92 9,58 — — —AcomeAPatr. Prud. A1 mmmmm 2,56 7,73 — 6,12 6,36AcomeAPatr. Prud. A2 mmmmm 2,56 8,37 — — —ActiveDiscovery FlexY mmmmm 0,83 — — — —ActiveGlobal FlexY mmmmm 0,83 — — — —ActiveIncome FlexY mmmmm 0,78 — — — —ActiveOpport. FlexY mmmmm 0,83 — — — —Agora 4Invest mmmmm 0,60 1,32 — — —

Agora Pegasus mmmmm 3,91 5,33 — — —Agora Selection# mmmmm 0,48 -12,80 — -4,97 -0,02Agora ValoreProtetto mmmmm -0,06 -0,26 — 2,73 3,42Agoraflex QY mmmmm 0,97 -0,46 — — —Agoraflex R mmmmm 0,89 -1,71 — 2,72 2,77AlaricoRe mmmmm 1,16 31,37 — -0,84 10,59AlkimisCap UcitsAcc. mmmmm 1,55 6,46 — 4,66 —AlkimisCap UcitsCoup. mmmmm -2,04 2,35 — — —AllianzGlobalStrategy 15 mmmmm 0,94 2,67 — 2,25 3,33AllianzGlobalStrategy 30 mmmmm 1,68 3,73 — 2,40 4,49AllianzGlobalStrategy 70 mmmmm 3,79 9,95 — 3,66 7,97AmundiAbsolute# mmmmm 1,00 0,49 — 0,31 1,40AmundiEquipe 1# mmmmm 0,38 -1,44 — 0,56 0,89AmundiEquipe 2# mmmmm 1,18 -0,70 — 1,32 1,72AmundiEquipe 3# mmmmm 2,37 1,48 — 1,95 2,92AmundiEquipe 4# mmmmm 3,55 1,71 — 1,76 4,22AmundiEu Brasile 2016G mmmmm 2,14 -14,71 — -7,33 —AmundiEu Bric 2017GY mmmmm 1,37 -6,84 — -1,14 —AmundiEu Cina Ripr 2015 mmmmm 1,57 0,45 — 2,91 —AmundiEu Cr.Ar.Euro 19G mmmmm 1,97 13,67 — — —AmundiEu Cr.Az 2017G mmmmm 3,01 12,55 — — —AmundiEu Cr.Az II 2017G mmmmm 1,58 12,40 — — —AmundiEu Cr.Fin 2015G mmmmm 2,84 24,34 — 3,62 —AmundiEu Cr.Fin 2017G mmmmm 1,35 16,81 — — —AmundiEu Cr.Ita 2015G mmmmm 4,07 20,27 — 4,62 —AmundiEu Cr.Ita 2018G mmmmm 2,02 19,87 — — —AmundiEu Cr.Set.Imm17G mmmmm 1,18 8,69 — — —AmundiEu Cr.Tai 2018G mmmmm 1,00 10,15 — — —AmundiEu CV 17G mmmmm 2,60 15,19 — — —AmundiEu CV 18G mmmmm 1,91 13,44 — — —AmundiEu Dop Opp 2014 mmmmm -0,33 2,61 — 3,30 —AmundiEu Double CallG mmmmm 6,38 14,70 — 3,84 4,63AmundiEu EuEmRip17GY mmmmm 2,71 3,69 — 1,89 —AmundiEu Italia DopOp18G mmmmm 1,90 — — — —AmundiEu Ma.In.DpOp18G mmmmm 2,54 1,84 — — —AmundiEu Mat Pr 2015G mmmmm 0,02 2,84 — 2,96 —AmundiEu Merc. Em.18G mmmmm 0,22 -3,66 — — —AmundiEu P IV 2017G mmmmm 0,37 4,00 — — —AmundiEu Sv M P2016GY mmmmm 2,04 1,33 — — —AmundiEu Sv.It-Fr-Sp18G mmmmm 2,51 17,88 — — —AmundiEu Svi. Russia18G mmmmm -2,06 -5,97 — — —AmundiEu Svi.Germa18G mmmmm 2,13 13,34 — — —AmundiEu Svil.En. 2016G mmmmm 3,13 7,11 — 1,70 —AmundiEu Svil.Merc.Em17G mmmmm 1,80 -4,28 — — —AmundiEu Utilit.DopOp18G mmmmm 4,44 19,72 — — —AmundiEu.Cr.Cina 2017G mmmmm 2,12 -4,98 — — —AmundiEu.En.DpOp18GY mmmmm 3,82 9,36 — — —AmundiEu.Sv.Gr.Cina18G mmmmm 0,64 1,70 — — —AmundiEur. BRICT Pr17G mmmmm -0,16 -9,15 — — —AmundiEur.Svil.USA 2016G mmmmm 1,83 14,80 — — —AmundiEur.Svil.USA 2018G mmmmm 1,96 12,78 — — —AmundiEureka Cina2015G mmmmm 0,87 -5,23 — -0,98 —AmundiEureka DragonG mmmmm -0,01 0,16 — 4,00 6,91AmundiEureka Or 2015G mmmmm 0,38 -3,21 — 1,99 —AmundiEureka Rip.2014 mmmmm 3,39 12,59 — 5,99 —AmundiEureka Rip.2016G mmmmm 0,02 11,82 — 5,95 —AmundiEureka Rip.22014 mmmmm 1,68 6,58 — 3,80 —AmundiEureka Sett.2016G mmmmm 0,27 2,85 — 2,69 —AmundiFoGaEMEqRe 2014 mmmmm — -0,56 — 0,42 1,82AmundiForGaEqRe 14 mmmmm 3,26 5,21 — 2,10 2,81AmundiForGarHiDiv 14 mmmmm 0,47 0,49 — 2,07 1,62AmundiMeta Plus 20AE Usa mmmmm — — — — —AmundiPiu'# mmmmm 0,46 -0,24 — 1,13 1,53AmundiOriz2019MarcGlLus mmmmm 2,21 — — — —Anfiteatro TotalReturn mmmmm — — — — —AnimaActive Curr. FlexY mmmmm — — — — —AnimaRussell Multi-Asset mmmmm — — — — —







AnimaSelection mmmmm 1,16 — — — —AnimaStar Eu AltoPot A mmmmm 2,90 11,64 — 5,29 9,36AnimaStar Eu AltoPot Y mmmmm 2,96 12,65 — 6,19 9,96AnimaStar ItAltoPot A mmmmm 2,86 15,37 — 8,06 10,12AnimaStar ItAltoPot Y mmmmm 2,92 16,37 — 8,76 10,57AnimaStar ItAltoPot YD mmmmm — — — — —AnimaTr.18 It.Al.Pot.III mmmmm 1,11 — — — —AnimaTrag Evoluz 2019 I mmmmm 0,54 — — — —ANM Anima Alto Pot.Gl.A mmmmm 3,89 10,24 — 2,97 9,32ANM Anima Alto Pot.Gl.F mmmmm 4,00 10,45 — — —ANM Anima FondoTrading A mmmmm 4,83 14,79 — 3,62 12,99ANM Anima FondoTrading F mmmmm 4,95 16,11 — — —AnthiliaOrangeY# mmmmm 1,37 -0,02 — 0,95 3,42AnthiliaYellow mmmmm 1,30 7,29 — 3,27 7,09ArcaBondFlessibile mmmmm — — — — —ArcaCap.Gar. Giu2013 mmmmm — — — — —ArcaCashPlus mmmmm 0,50 1,88 — 3,25 n.s.ArcaFormEuStoxx (R)2015 mmmmm 3,14 16,71 — 5,55 —ArcaFormII EStox (R)2015 mmmmm 3,00 13,29 — 5,20 —ArcaStrat.Gl.Crescita mmmmm 0,85 2,42 — 4,67 5,42ArcaStrat.Gl.Opportun. mmmmm 2,28 3,97 — 7,03 8,05AzimutDinamico mmmmm 2,00 9,55 — 3,47 5,94AzimutScudo mmmmm 0,82 5,68 — 4,06 4,99AzimutStr. Trend mmmmm 2,11 6,39 — 5,40 9,31AzimutTrend mmmmm 3,56 13,07 — 9,26 16,42AzimutTrendAmerica mmmmm 4,54 11,74 — 7,88 14,73AzimutTrendEuropa mmmmm 5,63 14,27 — 1,19 7,82AzimutTrendItalia mmmmm 8,31 40,64 — 4,53 9,47AzimutTrendPacifico mmmmm 3,40 -2,29 — -0,01 6,42BancoPosta Extra mmmmm 1,07 4,24 — 2,00 2,44BancoPosta Step mmmmm 2,10 -1,32 — -2,34 —BancoPosta Trend mmmmm 0,17 2,99 — 3,35 —BancoPostaInv Pr 90 mmmmm 0,84 3,66 — 1,94 1,55BancoPostaObbl Giu 2015 mmmmm 0,15 2,67 — — —BancoPostaObbl Giu 2017 mmmmm 0,70 6,56 — — —BCCCedola III -2017 mmmmm 1,60 6,76 — — —BCCCrescita Bilanciato mmmmm 3,52 11,12 — 3,49 4,57BCCInvestimento Azion. mmmmm 4,34 10,32 — -0,32 6,23BCCSelez. Crescita# mmmmm 2,92 3,78 — n.s. n.s.BCCSelez. Investimento# mmmmm 3,61 1,60 — 1,85 8,65BCCSelez. Opportunità# mmmmm 1,12 -1,51 — n.s. n.s.BCCSelez. Risparmio# mmmmm 1,57 1,57 — n.s. n.s.BNL Assetto Comfort mmmmm 0,14 1,07 — 0,97 1,51BNL Assetto Dinamico# mmmmm 4,07 5,47 — 1,80 4,43Consult Alto DivA1 mmmmm 4,10 — — — —Consult Alto DivA2 mmmmm 4,40 8,99 — 3,96 11,84Consult Alto DivB1 mmmmm 4,30 — — — —Consult Alto DivB2 mmmmm 4,37 8,88 — — —Consult High YieldB2 mmmmm 1,65 3,99 — — —Consult MercatiEm A1 mmmmm -1,94 — — — —Consult MercatiEm A2 mmmmm 1,78 -19,11 — -6,20 1,01Consult Multi FlexIY mmmmm 2,15 — — — —Consult Multi High VolA# mmmmm 2,93 — — — —Consult Multi High VolB# mmmmm 2,94 — — — —Consult Multi LowVol A# mmmmm 1,17 -1,80 — — —Consult Multi LowVol B# mmmmm 1,17 -1,86 — — —Consult Multi LowVol IY mmmmm 1,25 — — — —Consult Multi Med Vol A# mmmmm 1,58 -2,75 — — —Consult Multi Med Vol B# mmmmm 1,56 -2,81 — — —Consult Multi OpportA# mmmmm 2,11 1,53 — — —Consult Multi OpportB# mmmmm 2,12 1,38 — — —ConsultinvestMulti Flex A# mmmmm 2,03 -0,20 — 3,11 7,21ConsultinvestMulti Flex B# mmmmm 2,02 -0,28 — — —ConsultinvestPlus A1 mmmmm 1,31 — — — —ConsultinvestPlus A2 mmmmm 1,32 6,41 — 5,69 —ECCapProtetto 12/14P mmmmm 0,63 3,91 — 3,16 —EpsilonDLongRun mmmmm 2,55 7,12 — 3,83 6,23

EpsilonFle ForexC09/18 mmmmm 0,62 — — — —EpsilonFle ForexC12/18 mmmmm 0,68 — — — —EpsilonFle ForexC2/19 mmmmm 0,42 — — — —EpsilonQReturn mmmmm 3,95 11,97 — 6,14 8,81EurizonCed.Att+ 05/18 mmmmm 1,65 — — — —EurizonCed.Att+ 06/18 mmmmm 1,67 — — — —EurizonCed.Att.05/18 mmmmm 1,20 — — — —EurizonCed.Att.06/18 mmmmm 1,21 — — — —EurizonCed.Att.Top04/21 mmmmm 1,14 — — — —EurizonCed.Att.Top05/20 mmmmm 2,82 — — — —EurizonCed.Att.Top05/21 mmmmm — — — — —EurizonCed.Att.Top06/20 mmmmm 2,81 — — — —EurizonCed.Att.Top07/20 mmmmm 2,88 — — — —EurizonCed.Att.Top10/20 mmmmm 3,02 — — — —EurizonCed.Att.Top12/20 mmmmm 3,13 — — — —EurizonGes.At.Cla02/18# mmmmm 1,17 2,00 — — —EurizonGes.At.Cla04/18# mmmmm 1,33 1,74 — — —EurizonGes.At.Cla04/19 mmmmm 0,70 — — — —EurizonGes.At.Cla05/19 mmmmm — — — — —EurizonGes.At.Cla10/18 mmmmm 1,22 — — — —EurizonGes.At.Cla11/17# mmmmm 1,29 2,20 — — —EurizonGes.At.Cla12/18 mmmmm 1,36 — — — —EurizonGes.At.Cla6/18# mmmmm 1,25 — — — —EurizonGes.At.Cla7/17# mmmmm 1,31 2,20 — — —EurizonGes.At.Cla7/18# mmmmm 1,17 — — — —EurizonGes.At.Cla9/17# mmmmm 1,20 2,21 — — —EurizonGes.At.Din 02/18# mmmmm 2,45 4,39 — — —EurizonGes.At.Din 04/18# mmmmm 2,77 3,92 — — —EurizonGes.At.Din 04/19 mmmmm 1,06 — — — —EurizonGes.At.Din 05/19 mmmmm — — — — —EurizonGes.At.Din 10/18 mmmmm 2,68 — — — —EurizonGes.At.Din 11/17# mmmmm 2,79 4,62 — — —EurizonGes.At.Din 12/18 mmmmm 2,73 — — — —EurizonGes.At.Din 6/18# mmmmm 2,52 — — — —EurizonGes.At.Din 7/18# mmmmm 2,53 — — — —EurizonGes.At.Din 9/17# mmmmm 2,58 4,70 — — —EurizonGes.At.Din. 7/17# mmmmm 2,81 4,67 — — —EurizonGes.At.Opp02/18# mmmmm 3,47 6,42 — — —EurizonGes.At.Opp04/18# mmmmm 3,70 6,48 — — —EurizonGes.At.Opp04/19 mmmmm 1,28 — — — —EurizonGes.At.Opp05/19 mmmmm — — — — —EurizonGes.At.Opp10/18 mmmmm 3,82 — — — —EurizonGes.At.Opp11/17# mmmmm 3,57 6,65 — — —EurizonGes.At.Opp12/18 mmmmm 3,99 — — — —EurizonGes.At.Opp6/18# mmmmm 3,45 — — — —EurizonGes.At.Opp7/18# mmmmm 3,60 — — — —EurizonGes.At.Opp9/17# mmmmm 3,39 7,01 — — —EurizonGes.At.Opp.7/17# mmmmm 3,62 6,68 — — —EurizonGest.At.Cla 12/17# mmmmm 1,28 2,08 — — —EurizonGest.At.Din12/17# mmmmm 2,80 4,68 — — —EurizonGest.At.Opp 12/17# mmmmm 3,56 6,59 — — —EurizonGuidaAtt. 04/19 mmmmm 0,70 — — — —EurizonGuidaAtt. 05/19 mmmmm — — — — —EurizonGuidaAtt. 10/18 mmmmm 1,18 — — — —EurizonGuidaAtt. 12/18 mmmmm 1,24 — — — —EurizonObiettivo Rend# mmmmm 0,67 2,71 — 2,18 1,72EurizonProfiloFle Dif.# mmmmm 0,69 2,23 — 1,96 2,25EurizonProfiloFle Equi# mmmmm 1,25 2,78 — 2,31 4,09EurizonProfiloFle Svil# mmmmm 2,47 4,80 — 2,68 6,94EurizonRend.Ass 2anni# mmmmm 0,60 2,29 — 1,86 1,73EurizonRend.Ass 3anni# mmmmm 1,10 3,10 — 1,94 2,00EurizonStra Pro 1tri13G# mmmmm 1,38 3,87 — 1,97 1,08EurizonStra. Flessib 15G mmmmm 0,38 2,55 — 1,54 1,53EurizonStra.Pro 1tri12G# mmmmm 1,64 2,78 — 2,78 1,95EurizonStra.Pro 2tri12G# mmmmm 1,32 2,57 — 1,78 1,45EurizonStra.Pro IIITr11G# mmmmm 2,14 3,18 — 3,69 2,51EurizonTeam 1Cl A# mmmmm 0,42 1,00 — 1,63 1,60







EurizonTeam 1Cl G# mmmmm 0,44 1,28 — 1,85 —EurizonTeam 2Cl A# mmmmm 0,59 1,59 — 1,71 2,66EurizonTeam 2Cl G# mmmmm 0,61 1,90 — 2,01 —EurizonTeam 3 ClA# mmmmm 1,27 2,62 — 1,74 4,29EurizonTeam 3 ClG# mmmmm 1,32 3,14 — 2,25 —EurizonTeam 4Cl A# mmmmm 1,93 3,78 — 1,82 6,13EurizonTeam 4Cl G# mmmmm 1,97 4,26 — 2,38 —EurizonTeam 5Cl A# mmmmm 2,78 5,05 — 1,97 7,95EurizonTeam 5Cl G# mmmmm 2,85 5,58 — 2,58 —Euromob.F3 mmmmm 1,34 1,19 — 1,26 2,00Euromob.SevenStars mmmmm 1,19 — — — —Euromob.Strategic Flex mmmmm 0,94 -2,91 — -0,77 1,76Federico Re mmmmm — — — — —FinintAbsolute RetEuro mmmmm 1,45 — — — —FMS- AbsoluteReturn# mmmmm 1,68 1,91 — -0,89 0,62FocusClasse A mmmmm 2,28 7,15 — 4,23 —FocusClasse R mmmmm — — — — —FoiFlexEurope R mmmmm -0,63 -1,37 — -2,81 —FoiFlexEurope T mmmmm -0,60 -0,77 — -2,23 —FoiFlexItaly R mmmmm 2,11 12,59 — 8,99 —FoiFlexItaly T mmmmm 2,15 13,15 — 9,55 —FondacoGlobal Opport. BY mmmmm 1,26 -0,22 — — —FondacoGlobal Opport.Y# mmmmm 1,26 -0,25 — 0,81 6,42FonderselWorld All.# mmmmm 6,01 3,40 — 0,66 1,21FonditDiver.RealAsset R mmmmm 2,14 — — — —FonditDiver.RealAsset S mmmmm 2,13 — — — —FonditDiver.RealAsset T mmmmm 2,16 — — — —FonditEq GlHigh Div R mmmmm 5,44 13,58 — 5,80 12,49FonditEq GlHigh Div T mmmmm 5,50 13,43 — 5,50 12,28FonditFlexib StrategyR mmmmm 2,00 -3,19 — 0,97 -0,07FonditFlexib StrategyS mmmmm 2,01 -5,49 — — —FonditFlexib StrategyT mmmmm 2,04 -2,73 — 1,44 0,38FonditGlobal Income S mmmmm 2,00 — — — —Fonditalia FlRisk ParR mmmmm 2,09 -2,32 — -0,60 0,75Fonditalia FlRisk ParT mmmmm 2,14 -1,72 — -0,05 1,32Fonditalia FlexibGrowthR mmmmm 2,21 2,58 — 1,80 3,29Fonditalia FlexibGrowthT mmmmm 2,23 2,93 — 2,15 3,70Formula 1Absolute mmmmm 4,38 14,59 — 2,41 3,61Formula 1Conservative mmmmm 0,81 3,36 — 2,34 1,65Formula 1Target2014 mmmmm 1,13 2,52 — 1,80 1,52Formula Target17 Eq.Opt. mmmmm 0,79 0,82 — 1,35 1,06GestielleAbsolute R mmmmm 0,47 8,89 — 2,48 2,63GestielleCed.EuroItalia mmmmm 3,38 — — — —GestielleCed.MultiAsset mmmmm — — — — —GestielleHarmonia Dinam.# mmmmm 1,07 5,15 — 1,90 2,36GestielleHarmonia Mod.# mmmmm 0,54 3,43 — 1,64 1,89GestielleMult.A.R. Plus# mmmmm 1,31 — — — —GestielleMult.Ab.Ret# mmmmm 0,56 4,26 — 1,89 —GestielleOb America mmmmm -0,29 7,54 — 4,36 n.s.GestielleOb Brasile mmmmm 0,41 -15,21 — -8,09 —GestielleOb Cina mmmmm 1,96 3,85 — -0,48 n.s.GestielleOb East Europe mmmmm -2,47 -4,57 — -6,54 n.s.GestielleOb India mmmmm 0,61 -3,98 — -4,48 n.s.GestielleOb Internaz. mmmmm 0,62 10,58 — 3,14 n.s.GestielleOb Piu'P mmmmm -0,16 7,41 — 3,69 —GestielleOb Risp A mmmmm 0,52 7,16 — 4,83 n.s.GestielleOb Risp B mmmmm 0,57 7,66 — 5,31 n.s.GestielleOb. CedolaP mmmmm -4,22 5,33 — 1,88 —GestielleOb. Em. Mkt mmmmm 0,46 -8,16 — -2,91 n.s.GestielleOb. Europa mmmmm 1,66 15,32 — 2,82 n.s.GestielleOb.Italia mmmmm 1,40 23,26 — 1,24 n.s.GestnordAsset Allocation mmmmm 2,17 8,04 — 2,29 3,20GIFocus Azionario mmmmm 0,71 1,87 — 0,06 7,15IGMFdF Flessibile Cl.A# mmmmm 0,99 4,11 — 1,99 1,74

IGMFdF Flessibile Cl.B# mmmmm 1,04 4,73 — 2,64 2,34Interf.System Evolution mmmmm 1,53 3,84 — 2,01 1,26InterfundSystem 100 mmmmm 0,46 1,97 — 0,45 1,47InvestitoriFlessibile mmmmm 1,00 7,66 — 3,30 3,65ItalfortuneGlob TotRet mmmmm 1,03 7,25 — 2,68 n.s.KairosIncome mmmmm 0,10 0,06 — 0,45 0,47KairosSmall Cap mmmmm 2,57 4,64 — 2,98 6,72Macro F.o. mmmmm 1,10 2,28 — 0,05 0,51MediolanumFleStrateg L mmmmm 2,05 9,02 — 4,34 n.s.MediolanumFlexGlob L mmmmm 4,43 4,44 — 1,77 n.s.MediolanumFlexItalia L mmmmm 6,49 34,54 — 7,99 n.s.MediolanumFlexSvi ItaL mmmmm 2,22 — — — —MediolanumFlexVal.Att L mmmmm 0,52 — — — —PioneerTarget Controllo A mmmmm 1,42 4,57 — 3,31 4,21PioneerTarget Controllo B mmmmm 1,38 4,39 — — —RaiffeisenStrat. Fonds mmmmm 1,32 2,59 — — —Sofia Flex mmmmm — — — — —SoprarnoGlobal Macro A mmmmm 1,30 -0,93 — -1,69 1,66SoprarnoGlobal Macro BY mmmmm 1,37 -0,36 — -1,20 2,15SoprarnoInflaz. 1,5%BY mmmmm 1,46 10,39 — 5,09 4,20SoprarnoInflaz. 1,5%A mmmmm 1,43 10,28 — 4,89 3,98SoprarnoRelat ValueA mmmmm 3,27 14,82 — 5,29 4,19SoprarnoRelat. ValueBY mmmmm 3,30 15,19 — 5,75 4,65SoprarnoRit. Ass A mmmmm 2,55 12,58 — 5,82 4,84SoprarnoRit. Ass. BY mmmmm 2,61 13,15 — 6,38 5,23Star CollMulti As.GlA# mmmmm 1,19 2,32 — — —Star CollMulti As.GlCY# mmmmm 1,23 — — — —Symp. AsiaFles. mmmmm 3,44 5,72 — 6,04 10,51Symp. Fortissimo mmmmm 1,73 17,15 — 2,19 10,95Symp. Patrim. Attivo mmmmm 3,38 7,90 — 2,97 7,26Symp. Tematico mmmmm 2,57 8,28 — 3,81 5,30SynergiaTotal Return mmmmm 1,37 7,44 — 3,35 —UBIPraEuro EqRisk Cont mmmmm — — — — —UBIPra. Active Beta mmmmm 0,71 1,51 — -0,52 -1,10UBIPra. Alpha Equity mmmmm 0,16 0,49 — -1,21 -0,68UBIPra. Capital GrowthP mmmmm — — — — —UBIPra. Inflat. ShieldP mmmmm — — — — —UBIPra. Protez. Mkt EuroP mmmmm 2,77 — — — —UBIPra. Tot. Ret. Din. mmmmm 0,90 0,92 — -1,21 -0,53UBIPra. Tot.Ret. Moderato A mmmmm -0,45 -0,16 — -1,12 -0,08UBIPra. Tot.Ret. Moderato B mmmmm -0,44 — — -0,92 0,07Unicredit Eco Reale A# mmmmm 2,58 1,71 — — —Unicredit Eco Reale B# mmmmm 2,55 1,31 — — —UniCreditSol.Pa. Em. A mmmmm 0,97 -6,51 — — —UniCreditSol.Pa. Em. B mmmmm 0,94 -7,02 — — —UniCreditSoluzione 20A# mmmmm 0,90 2,19 — — —UniCreditSoluzione 20B# mmmmm 0,88 1,73 — — —UniCreditSoluzione 40A# mmmmm 1,84 5,12 — — —UniCreditSoluzione 40B# mmmmm 1,79 4,60 — — —UniCreditSoluzione 70A# mmmmm 3,42 8,60 — — —UniCreditSoluzione 70B# mmmmm 3,38 8,01 — — —Unicredit TrendA# mmmmm 2,97 2,24 — — —Unicredit TrendB# mmmmm 2,94 1,84 — — —VolterraAbsolute R mmmmm 0,69 9,60 — 2,92 2,20VolterraDinamico mmmmm 0,99 4,80 — 1,75 2,37ZenitMc Evoluzione Cl.I mmmmm 1,84 3,94 — n.s. n.s.ZenitMc Evoluzione Cl.R mmmmm 1,73 2,69 — n.s. n.s.ZenitMc ParsecCl.I mmmmm 2,71 9,81 — — —ZenitMc ParsecCl.R mmmmm 2,62 8,28 — n.s. n.s.msci world 3,56 13,62 — 9,79 18,99

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 5,21 2,21 —FLE Ailis RendimentoMisto mmmmm 7,08 2,20 —

alkenfundAER EuropeanOpps R mmmmm 30,31 16,49 24,76AER SmallCap Europe R mmmmm 47,18 18,81 27,75

anima assetmgmtAnimaPrima FundsOIN Bd 2015Multic. Din.Silver mmmmm 2,30 5,71 —OEU Bd 2015Multic. Silver mmmmm 1,99 4,55 —OEU Bd 2016Multic. Silver mmmmm 3,49 5,75 —AER Europe Eq.Prestige mmmmm 19,48 9,76 18,19OEU LifeShort Term Silver mmmmm -0,34 0,45 0,30LEE LiquidityA mmmmm 0,11 0,64 0,43LEE LiquiditySilver mmmmm -0,04 0,49 0,28OEU MediumTerm Bd Prest. mmmmm 4,95 5,97 4,00FLE Protetto100 Az.Gl. Silver mmmmm 2,61 2,51 —FLE SecureWorldEq.3Silver mmmmm 2,64 2,78 —OEU Short TermBd Prest. mmmmm 1,50 2,21 1,47FLE Star High Potent.Eur.Prest. mmmmm 11,32 5,63 16,91FLE Star MktNeutralEur.I mmmmm 2,74 2,05 —

anima sicavOEU EuroCorporateBonds mmmmm 3,07 2,98 3,02LEE EuroReserve mmmmm 0,39 1,05 0,57BIL EuropeanBalanced mmmmm 7,18 4,43 8,07AER EuropeanEquities mmmmm 18,91 7,59 14,69OEU Italian Bonds mmmmm 9,20 4,65 3,51

az fund mgmt s.a.Cl. AZ Fund(ACC)FLE ActiveSelection mmmmm 7,43 1,87 —FLE ActiveStrategy mmmmm 7,06 2,06 —OEU AggregateBond Euro mmmmm 4,75 5,85 4,53OIN AlphaManager Credit mmmmm 1,70 2,66 6,06AIN AlphaManager Equity mmmmm 8,24 1,84 9,82AIN AlphaManager Thematic mmmmm 6,47 -1,15 9,32AMA AmericanTrend mmmmm 11,56 7,23 16,17BIL AssetPlus mmmmm 1,56 1,49 2,45BIL AssetPower mmmmm 3,11 1,51 5,51OIN Best Bond mmmmm -4,42 2,56 —AIN Best Equity mmmmm -2,80 0,15 —BIL Conservative mmmmm 6,59 4,37 5,29OIN CorporatePremium mmmmm 0,09 3,68 —BIL DividendPremium mmmmm 4,55 1,81 —AZE Em. Market Asia mmmmm -9,71 -1,83 9,91AZE Em. Market Europe mmmmm -20,82 -13,47 8,37AZE Em. Market Latin America mmmmm -28,66 -13,24 4,47BIL EuropeanDynamic mmmmm 8,76 3,23 6,37AER EuropeanTrend mmmmm 12,90 1,01 9,26FLE Formula1 -Absolute mmmmm 14,67 3,10 5,39FLE Formula1 -Alpha Plus mmmmm 1,07 1,50 1,54FLE Formula1 -Conservative mmmmm 2,66 1,19 0,99AMP FormulaCom. Trading mmmmm -2,38 -5,58 —FLE FormulaMacro Dyn.Trad. mmmmm 3,66 2,46 2,90FLE FormulaTarget 2014 mmmmm 2,69 1,67 1,55OEU Income mmmmm 4,66 4,16 2,97FLE InstitutionalTarget mmmmm 4,05 2,81 —FLE Italian Trend mmmmm 36,05 2,91 10,00AIN LongTerm Value mmmmm 15,02 4,68 16,11AER Opportunities mmmmm 15,82 4,65 16,29

AAP Pacific Trend mmmmm -0,07 0,84 7,54BIL QBond mmmmm 1,71 — —FLE QProtection mmmmm 4,74 2,93 1,60FLE QTrend mmmmm 7,75 -3,01 1,81LEE ReserveShort Term mmmmm 0,91 1,22 0,84OMI Solidity mmmmm 6,07 3,42 3,05FLE StrategicTrend mmmmm 6,56 5,48 10,63FLE Trend mmmmm 12,22 8,77 18,67OAM USIncome mmmmm -8,69 -1,00 -1,62

baseinvest.s sicavOIN Bonds-Multicurrency EUR mmmmm -8,66 -1,46 —OEU BondsValueEUR mmmmm 2,11 4,57 6,49FLE FlexibleLow Risk Exp. mmmmm 1,11 1,36 —LEE Short TermEUR mmmmm 1,57 1,45 1,16

bgselection sicavAZE Africa&MiddleEast Eq mmmmm 4,70 -0,08 8,91AEU Anima -Italy Equities mmmmm 25,52 -0,83 8,90FLE ARC mmmmm -1,08 1,07 1,77FLE ARC10 mmmmm 0,68 2,43 3,88FLE BlackRock -GL MA mmmmm 4,20 2,36 —AAP China&India Eq mmmmm -7,92 -6,42 7,75AZE EasternEurope Eq mmmmm -21,86 -14,27 7,30FLE Edmondde R.- S.Alpha mmmmm 5,44 2,85 —AER Eurizon- Concerto mmmmm 5,00 0,55 —AER GlobalDynamic mmmmm 10,30 3,89 10,41FLE GlobalRisk Managed mmmmm 2,90 1,37 —BIL HSBC-Em. Mkts Solution mmmmm -14,40 -5,34 —AAP Invesco-Asia Gl.Opps mmmmm -4,73 -1,42 —AER Invesco-Europe Eq. mmmmm 14,80 4,09 12,20FLE JPM-Best Ideas mmmmm 9,52 4,15 —FLE Kairos -Blend mmmmm 11,50 3,06 —AZE LatinAmerica Eq mmmmm -29,47 -15,12 4,79FLE Lemanik -Glocal Investor mmmmm 17,33 1,83 —FLE Leonardo- Navigator mmmmm 13,09 4,71 —LEE Liquidity mmmmm 0,50 0,99 0,71FLE MorganStanley- Act.All. mmmmm 5,07 3,03 —AMA MorganStanley-N.Am.Eq. mmmmm 15,43 7,30 13,57AIN PictetWorld Opportun. mmmmm 13,46 7,15 —FLE Schroder Multi Asset mmmmm 1,58 0,81 —FLE Swiss&GlobalFlex.Strat. mmmmm 2,58 1,53 —AIN T-Cube mmmmm 12,97 2,58 9,27BIL Vontobel -Gl.Elite mmmmm -0,08 -0,22 —AAP Vontobel Pacific Equities mmmmm -13,81 -6,45 4,64

bnp paribas assetmgmtFondicomuni didiritto franceseFLE Gar.BNPPCamp.D'Eur.2 mmmmm -0,02 0,83 —FLE Gar.Eur.3Sett-Gen2010 mmmmm 0,92 1,54 —FLE ImprenditoriVincenti mmmmm -0,79 0,70 —

bny mellon assetmgmtBNYMellon Global FundsAZE Em. MktsEq. ValueF. mmmmm -14,34 -7,94 10,80OEU EurolandBond mmmmm 4,06 6,61 7,54OIN GlobalBond mmmmm -5,82 2,51 3,61OIN GlobalBond A$ mmmmm -6,44 2,03 3,07OIN GlobalBond($) mmmmm -5,97 2,54 3,58

cb-accentlux sicavOEU BondEuro mmmmm 3,53 5,91 4,66BIL Darwin Selection mmmmm 3,67 0,60 —

datial 05.03.2014 rating perf.% rendim rendimcateg. fondi cfs lorda annuo annuo

1anno 3 anni 5anni


1anno 3 anni 5anni


sicav e fondi esteri autorizzati

AAP FarEastEquity($) mmmmm 12,04 9,18 20,20FLE GlobalEconomy mmmmm 2,04 3,07 —OIN Swan Bond Opport. mmmmm 2,37 2,28 —FLE Swan Flexible mmmmm 0,92 0,47 —OIN Swan High Yield mmmmm 4,29 3,58 —AER SwissEquity(Chf) mmmmm 11,49 9,59 20,20

credit suisseCSInvest (Lux)FLE IndexBlink B mmmmm 9,38 5,40 13,34OIN LondiniumGlobalBdsB mmmmm -0,04 2,12 3,19AIN LondiniumGlobalEq B mmmmm 10,08 3,02 11,39

dncaOCO DNCAConvertibles mmmmm 14,44 8,05 10,51SICAVDNCA InvestOCO DNCAConvertibles mmmmm 13,59 7,25 9,73OCO DNCAConvertibles mmmmm 13,37 7,03 —OER DNCAEurBd Opp mmmmm 6,33 6,01 5,27FLE DNCAEurose mmmmm 12,35 6,57 8,29FLE DNCAEurose mmmmm 12,12 6,36 —FLE DNCAEvolutif mmmmm 16,00 6,48 10,90FLE DNCAEvolutif mmmmm 16,43 6,89 11,34AIN DNCAGbl Lead mmmmm 11,45 9,05 —AIN DNCAGbl Lead mmmmm 11,72 9,31 —FLE DNCAMiura mmmmm 10,01 3,53 —FLE DNCAMiura mmmmm 10,16 3,69 —AER DNCAValueEurope mmmmm 27,80 13,18 17,12AER DNCAValueEurope mmmmm 28,41 13,61 17,55

duemmesicavOEU C-QuadratEu I. Plus Cl.C mmmmm 4,87 6,96 —

erselgestion inter.eOCO GloberselBCMConvertible mmmmm 8,86 2,40 12,07OEU GloberselCorp. Bond mmmmm 4,85 5,34 6,19AIN GloberselEquity A mmmmm 5,60 9,11 14,29AZE LeaderselEm. Market Mult. mmmmm -14,45 -3,71 11,60

eurizoncapital s.a.EpsilonFundOEU EuroBond mmmmm 6,16 7,82 6,33LEE EuroCash mmmmm 0,81 1,56 1,38EurizonFocus Capitale ProtettoFLE Protezione06/2016 mmmmm 6,83 4,50 —FLE Protezione09/2016 mmmmm 7,52 4,94 —FLE Protezione12/2016 mmmmm 8,07 4,91 —EurizonFocus Formula FundFLE FormulaAzioni 2015-2 mmmmm 9,82 — —EurizonFocus Riserva DocOIN Obbligaz.Corp.06/2015 mmmmm 3,15 2,83 —OIN Obbligaz.Corp.12/2014 mmmmm 1,65 2,35 —OIN Obbligaz.Corp.12/2014-2 mmmmm 2,00 2,49 —EurizonManager SelectionFundOMI MS10 mmmmm 4,68 4,76 6,16BIL MS20 mmmmm 5,30 4,79 7,23BIL MS40 mmmmm 8,09 5,66 7,98BIL MS70 mmmmm 11,36 7,38 12,52EurizonMultiasset FundBIL Dynamic mmmmm 5,61 2,16 3,94LEE EuroCash mmmmm 0,30 0,95 0,81OMI Trender mmmmm 2,88 1,51 2,05EurizonStrategia Flessibile

OEU Obbligazioni12/2015 mmmmm 4,96 6,01 —RossiniLux FundOEU Obbligaz.TV mmmmm 5,45 3,06 2,11

eurizoneasyfundActiveMarketOEM BondEmerging Mkts mmmmm -7,17 6,39 9,18OIN BondHigh Yield mmmmm 8,95 7,12 17,19OIN BondHigh Yield mmmmm 10,04 8,26 18,47OEU BondInflation Linked mmmmm 1,14 3,00 2,73OEU BondCorpEur ST mmmmm 4,23 4,63 4,71OEU BondCorp.EurST mmmmm 3,41 3,79 3,71AER EquitySmall Cap Europe mmmmm 23,17 8,18 21,71AER EquitySmall Cap Europe mmmmm 24,51 9,56 23,42ActiveMarket cop.rischio cambioOEM BondEmerging Mkts mmmmm -2,61 5,70 11,02OEM BondEmerging Mkts mmmmm -3,47 4,69 9,90ActiveStrategyFLE AbsoluteAttivo mmmmm 6,51 2,86 2,32FLE AbsolutePrudente mmmmm 3,76 2,52 2,11BIL Azioni StrategiaFlessibile mmmmm 10,66 7,31 —BIL FocusAz.StratFlessRL mmmmm 11,13 7,69 —Limited TrackingErrorOEU BondEUR Float.Rate LTE mmmmm 5,31 2,93 —OEU BondEUR Long T. LTE mmmmm 6,94 8,10 5,55OEU BondEUR Long T. LTE mmmmm 7,98 9,16 6,60OEU BondEUR Medium T. LTE mmmmm 3,33 4,26 2,85OEU BondEUR Medium T. LTE mmmmm 4,39 5,34 3,92OEU BondEUR Short T. LTE mmmmm 1,90 1,87 1,26OEU BondEUR Short Term LTE mmmmm 2,87 2,84 2,22OIN BondInternational LTE mmmmm -4,54 2,46 —OAM BondUSD LTE mmmmm -6,72 3,79 0,91LEE CashEUR mmmmm 0,98 1,66 1,50LEE CashEUR mmmmm 0,23 0,90 0,74AAP EquityChina LTE mmmmm -9,98 -2,95 9,76AZE EquityEm. Mkts AsiaLTE mmmmm -9,54 -1,73 13,81AZE EquityEm. Mkts AsiaLTE mmmmm -8,28 -0,32 15,47AZE EquityEm. Mkts EMEA LTE mmmmm -16,11 -7,92 12,31AZE EquityEm. Mkts LTE mmmmm -14,18 -4,88 —AZE EquityEm. Mkts LTE mmmmm -15,28 -6,15 —AEU EquityEuro LTE mmmmm 18,13 4,47 13,93AEU EquityEuro LTE mmmmm 19,90 6,05 15,67AER EquityEurope LTE mmmmm 14,34 6,70 16,42AER EquityEurope LTE mmmmm 16,05 8,33 18,19AZF EquityFinancial LTE mmmmm 11,30 7,70 23,60AEU EquityItaly LTE mmmmm 34,61 2,76 13,27AAP EquityJapan LTE mmmmm 2,75 0,68 7,45AAP EquityJapan LTE mmmmm 4,19 2,12 9,01AZE EquityLatinAmerica LTE mmmmm -27,62 -12,92 8,20AMA EquityN.America LTE mmmmm 12,51 10,36 18,11AMA EquityN.America LTE mmmmm 14,19 12,01 19,89AAP EquityOceania LTE mmmmm -7,85 3,78 19,04AAP EquityOceania LTE mmmmm -6,57 5,26 20,78LAM TreasuryUSD mmmmm -5,74 0,03 -2,24LAM TreasuryUSD mmmmm -5,03 0,78 -1,51Linea LTE cop. rischio cambioOER BondGBP mmmmm -1,39 5,40 4,30OAP BondJPY mmmmm 1,37 2,61 2,13OAM BondUSD mmmmm -1,68 3,12 2,65AER EquityEurope mmmmm 14,35 6,97 16,29AAP EquityJapan mmmmm 18,17 7,00 10,00AMA EquityNorth America mmmmm 20,96 11,11 20,87


1anno 3 anni 5anni


1anno 3 anni 5anni



eurizoninvest. sicavAER Europe Equities mmmmm 14,58 6,90 —FLE Scudo mmmmm 3,71 3,34 —

euromobiliare inter. fund sicavEurofundluxOIN AltoRendimento 2015A mmmmm 1,79 3,26 —FLE DynamicMultimanager B mmmmm 9,08 5,79 12,97LEE EuroCash A mmmmm 0,41 0,99 0,82LEE EuroCash B mmmmm 0,71 1,31 1,15AEU EuroEquity D mmmmm 23,12 1,47 14,51OIN GlobalBond D mmmmm -2,32 1,63 —OEU QBondAbsolutereturn A mmmmm 2,62 2,48 2,00OEU QBondAbsolutereturn B mmmmm 2,67 2,54 2,22BIL QFund97A mmmmm 1,21 0,45 —FLE TRFlex5 A mmmmm 1,57 3,18 13,60

european & global invest.sFLE Plurima Fra.AlphaStrNL mmmmm 4,64 2,90 —

fideuramgestions s.a. lussemburgoOEM BondGlb EmMkts mmmmm -3,80 4,92 10,05OAM BondUSD mmmmm -7,17 4,18 0,27AMP Commodities mmmmm -3,45 -7,62 —AZE EqGlb EmMkts Eur mmmmm -11,51 -3,50 13,63AAP EqPac. exJap. A mmmmm -8,55 -0,35 16,20AMA EqUSA Advant mmmmm 20,37 11,29 17,59AMA EqUSA Value mmmmm 10,30 10,12 16,99AER EquityEurope mmmmm 14,85 5,68 15,81AEU EquityItaly mmmmm 40,75 7,42 17,38AAP EquityJapan A mmmmm 3,33 -0,86 6,59AAP EquityJapan H mmmmm 18,27 5,94 9,50AMA EquityUSA A mmmmm 12,60 10,33 17,73AMA EquityUSA H mmmmm 18,10 9,55 19,68OEU EuroBd LongRisk mmmmm 6,99 8,41 5,72OEU EuroBd LowRisk mmmmm 2,85 4,29 3,00OEU EuroBd Med Risk mmmmm 4,48 6,90 4,41OEU EuroCorp. Bd mmmmm 3,63 4,87 5,59OEU EuroDefensive Bd mmmmm 1,14 2,03 1,42OEU EuroShort Term mmmmm 0,22 0,98 0,68AER Europe Eq.Grth mmmmm 8,78 5,38 —FLE MarshallWaceTops mmmmm 3,18 2,90 —

generali fund mgmt s.a.FLE VoBaFlex mmmmm 4,77 0,78 5,86OMI VoBaMoney Plus mmmmm 1,85 1,48 1,79

generali invest.s sicavFLE AbsRet Multi Strat mmmmm 4,08 3,08 2,50OEU EuroBonds mmmmm 4,71 6,35 4,51OEU EuroCorporateBonds mmmmm 4,08 5,86 7,09LEE EuroShort Term Bonds mmmmm 1,73 1,81 1,39FLE Garant1 mmmmm 2,89 3,89 2,87FLE Garant2 mmmmm 4,53 2,66 2,35FLE Garant3 mmmmm 3,02 2,34 3,02FLE Garant4 mmmmm 0,72 1,71 —FLE Garant5 mmmmm 1,73 2,49 —

gestielleinv. sicavOEU BondEuro (R) mmmmm 2,96 3,89 2,29

hsbcOEU EuroGvt Bd C mmmmm 5,40 6,74 4,75

julius baer, zurigoJB MultibondOIN AbsoluteReturn Bd B mmmmm -0,44 1,77 3,23OIN AbsoluteReturn Bd B(Chf) mmmmm 0,06 3,23 6,53OIN AbsoluteReturn Bd Def B mmmmm -0,64 1,27 1,79OIN Abs. Return Bd Def B(Chf) mmmmm -0,08 2,71 5,04OIN AbsoluteReturn Bd Plus B mmmmm 0,01 2,64 4,72OIN Abs. Return Bd Plus B(Chf) mmmmm 0,53 4,06 8,09OIN Cred Opportunities B mmmmm 2,63 4,70 —OAM DollarBond B($) mmmmm -6,23 3,82 2,94OEM EmergingBd EUROB mmmmm -3,33 5,33 11,47OEM EmergingBd USD B($) mmmmm -9,36 5,84 9,49OEU EuroBond B mmmmm 4,41 6,61 —OEU EuroGov.Bd B mmmmm 5,59 6,24 4,49OIN GlobalH.Y. Bond B mmmmm 8,52 6,32 14,13OEM LocalEmerg.Bd B($) mmmmm -16,07 0,22 8,04OER SwissFranc Bond B(Chf) mmmmm 1,70 4,28 9,08OEU TotalReturn Bond B mmmmm -0,01 2,47 4,98JB MulticashLAM JBMMDollar-USD B mmmmm -5,20 0,71 -1,53LEE JBMMEuro-EUR B mmmmm -0,27 0,08 0,20LEE JBMMSterling-GBP B mmmmm 5,13 1,81 1,97LEE JBMMSwiss Franc-CHF B mmmmm 0,64 2,06 4,00JB MulticooperationAMP Commodity-USD/B($) mmmmm -7,02 -5,93 4,04BIL StrategyBalanced B mmmmm 6,17 5,54 10,27BIL StrategyBalanced B(Chf) mmmmm 7,29 6,56 11,73BIL StrategyIncomeB mmmmm 4,04 4,86 7,46BIL StrategyIncomeB($) mmmmm 0,38 4,79 6,44BIL StrategyIncomeB(Chf) mmmmm 4,47 5,11 9,19JB MultilabelFLE Artemide B mmmmm 9,69 8,01 —JB MultistockFLE Abs. Return Europe Eq B mmmmm 3,80 3,63 —AER Eur.Small& Mid Cap B mmmmm 31,63 12,68 24,76AEU EuroLarg.Cap StockFd mmmmm 19,88 4,89 —AEU Eurol.ValueSt. B mmmmm 34,66 11,38 18,72AER Europe FocusB mmmmm 15,69 4,71 15,19AEU German ValueSt. B mmmmm 23,72 10,19 22,12AAP JapanStockB(Jpy) mmmmm 9,24 4,55 12,01ACG LuxuryBrands (EUR)B mmmmm 3,37 12,15 28,08AER SwissSmall&Mid CapB(Chf) mmmmm 26,38 8,27 22,37AER SwissSt. B(Chf) mmmmm 20,38 10,76 20,82AMA USLeading St. B($) mmmmm 5,39 9,45 16,73

kairosinter. sicavAMA KIS -America P mmmmm 21,44 8,64 16,61OER KIS -Bond P mmmmm 3,97 4,77 4,54AAP KIS -Em. MarketsP mmmmm -0,81 -1,78 —FLE KIS -Multi-St.UCITSP mmmmm 5,77 1,90 —FLE KIS -SmallCap P mmmmm 11,68 4,66 8,53

lemanik sicavAAP AsianOppCap RetEur mmmmm 17,04 10,29 17,20AEU High Growth Cap Retail mmmmm 50,77 12,22 20,93BIL Italy Cap Retail mmmmm 32,58 4,51 8,94OIN SelectedBd Dist RetEur mmmmm 12,29 — —FLE ValueOpportunities Ret mmmmm -1,17 -1,81 3,52

luxicav sicavAER AzionarioEuropa B mmmmm 34,04 0,51 11,64OIN ObbligazionarioB mmmmm 3,63 4,02 6,76


1anno 3 anni 5anni


1anno 3 anni 5anni



m&ginter. invest. ltdM&G DynamicAllocation FundFLE DynamicAllocationA mmmmm 3,89 5,67 —

mediolanum inter. f.CH - Challenge Funds - Classi MediolanumACG Counter CyclEq L mmmmm 10,44 11,32 12,52ACG CyclicalEq L mmmmm 13,45 9,71 18,92AZE Emerg. MktsEq. L mmmmm -13,02 -4,80 10,35AZE Emerg. MktsEq. S mmmmm -13,46 -5,29 9,78AEN Energy Eq.L mmmmm 2,27 -1,90 10,04OEU EuroBd L-A mmmmm 4,36 5,53 3,48OEU EuroIncomeL-A mmmmm 0,70 1,68 0,92AER EuropeanEq.L mmmmm 12,68 5,66 14,59AER EuropeanEq.S mmmmm 12,08 5,10 13,99AZF Financial Eq.L mmmmm 7,71 4,59 17,28FLE FlexibleL-A mmmmm 0,00 -3,61 -0,57FLE FlexibleS-A mmmmm -0,39 -4,00 -0,98AEU GermanyEq. L mmmmm 18,68 6,51 15,00OIN InternBd L-A mmmmm -9,64 -0,19 —OIN InternBd L-ACop mmmmm -2,92 2,04 1,62OIN InternIncL-A mmmmm -8,50 -2,61 —OIN InternIncL-A Cop mmmmm -1,97 -0,73 -0,13AIN InternationalEq L mmmmm 9,26 6,59 14,25AIN InternationalEq S mmmmm 8,79 6,13 13,76AEU Italian Eq.L mmmmm 36,54 4,71 13,74AEU Italian Eq.S mmmmm 35,86 4,18 13,16LAM Liquid.US$ S mmmmm -6,12 -0,38 -2,55LEE LiquidityEuroL mmmmm 0,01 0,55 0,47LEE LiquidityEuroS mmmmm -0,12 0,41 0,34AMA NorthAmer. Eq. L mmmmm 12,31 10,96 17,36AAP Pacific Eq Lcop mmmmm 9,28 3,43 —AAP Pacific Eq.L mmmmm -1,41 0,95 8,69OIN Solidity& ReturnS-A mmmmm 4,13 2,59 3,78AEU SpainEq. L-A mmmmm 21,75 4,91 12,59ATE TechnologyEq. L mmmmm 14,69 8,26 14,26MediolanumBest BrandsAIN BlackRockGlb L mmmmm 8,78 3,95 12,49AIN BlackRockGlb L cop mmmmm 11,22 3,39 12,54AIN BlackRockGlb S mmmmm 8,34 3,52 12,03AIN BlackRockGlb S cop mmmmm 10,82 3,06 12,10AIN DWSMegaTrend Sel L mmmmm 4,66 1,66 —AIN DWSMegaTrend Sel Lcop mmmmm 7,76 1,29 —AIN DWSMegaTrend Sel S mmmmm 4,23 1,25 —AIN DWSMegaTrend Sel Scop mmmmm 7,27 0,80 —AZE EmMkts Coll L mmmmm -14,03 -2,96 11,24AZE Em. MktsColl S mmmmm -14,46 -3,45 10,68AIN Eq.Power Coup. Coll L mmmmm 4,60 5,58 12,19AIN Eq.Power Coup. Coll S mmmmm 4,19 5,16 11,74OEU EuroFixedIncomeL B mmmmm 0,62 1,16 0,92AER EuropeanColl L mmmmm 9,86 7,14 14,81AER EuropeanColl Lcop mmmmm 8,88 6,50 13,85AER EuropeanColl S mmmmm 9,30 6,61 14,23FLE F.TempletonEMSel L mmmmm -11,91 -0,79 —FLE F.TempletonEMSel S mmmmm -12,27 -1,18 —OIN Glb High Yield cop LA mmmmm 1,48 4,58 12,99OIN Glb High Yield cop SA mmmmm 1,09 4,21 12,62OIN Glb High Yield cop SB mmmmm -1,10 3,33 12,04OIN Glb High Yield LA mmmmm -3,35 5,13 11,48OIN Glb High Yield LB mmmmm -5,03 4,52 11,09OIN Glb High Yield SA mmmmm -3,65 4,82 11,14OIN Glb High Yield SB mmmmm -5,32 4,38 10,86

ATE Glb Tech Coll L mmmmm 16,18 6,10 16,08AIN JPMorganGlb L mmmmm 10,37 5,26 13,78AIN JPMorganGlb Lcop mmmmm 13,13 4,93 13,83AIN JPMorganGlb S mmmmm 9,92 4,83 13,32AIN JPMorganGlb S cop mmmmm 12,60 4,50 13,38AIN MStanleyGlb L mmmmm 12,73 8,47 15,30AIN MStanleyGlb Lcop mmmmm 14,16 7,76 15,25AIN MStanleyGlb S mmmmm 12,27 8,02 14,84AIN MStanleyGlb Scop mmmmm 13,60 7,27 14,73AAP Pacific Coll L mmmmm -2,35 -1,26 8,90FLE PimcoInflat StratSel L mmmmm -3,15 1,53 —FLE PimcoInflat StratSel S mmmmm -3,44 1,22 —FLE PremiumCoup.Coll Scop mmmmm 1,72 2,92 3,97AMA USCollection L mmmmm 15,86 9,76 15,35AMA USCollection Lcop mmmmm 20,14 8,81 16,20PortfolioFund - Classi MediolanumAIN Active100 S mmmmm 5,99 4,44 13,67BIL Active80 S mmmmm 2,57 3,13 10,37AIN AggressivePlus S mmmmm 5,80 4,68 12,93LEE LiquiditySA mmmmm 0,04 0,57 0,61

mfsinvest. mgmtAAP Asiaex-Japan A1($) mmmmm -5,42 1,81 16,95OEM Emerg.MktsDebt A1($) mmmmm -9,46 6,29 9,79AZE Emerg.MktsEquity A1($) mmmmm -15,68 -4,63 12,67AER Europ.Smaller Comp.A1 mmmmm 18,42 15,95 25,88AER EuropeanRes. A1 mmmmm 14,92 10,64 19,69AER EuropeanValueA1 mmmmm 14,76 12,70 20,62AIN GlobalConcentratedA1($) mmmmm 12,73 13,51 20,41AIN GlobalEquity A1 mmmmm 11,86 12,86 20,48AIN GlobalEquity A1($) mmmmm 11,67 12,93 20,21AIN GlobalResearchA1($) mmmmm 10,34 — —BIL GlobalTotal ReturnA1 mmmmm 6,24 8,44 12,13OAM High Yield A1($) mmmmm 0,11 7,64 13,32OIN Inflat-AdjustedBond A1($) mmmmm -12,16 3,13 2,65AZE LatinAmerican Equity A1($) mmmmm -23,96 -7,71 —OAM LimitedMaturity A1($) mmmmm -5,05 1,70 1,21AIN PrudentWealth A1($) mmmmm 4,89 8,43 —OAM ResearchBond A1($) mmmmm -4,71 4,39 5,02AMA USConc. Growth A1($) mmmmm 12,08 12,68 18,97OAM USGovernmentBd A1($) mmmmm -6,49 2,84 0,93AMA ValueA1($) mmmmm 15,25 13,13 18,88

morganstanley invest. mgmt ltdARE AsianProperty mmmmm -12,43 3,68 16,40FLE Diversified Alpha Plus mmmmm 15,70 7,16 5,63FLE Diversified Alpha Plus mmmmm 16,87 8,23 6,68OEM EmergingMktsDebt mmmmm -11,39 5,80 8,67OEM EmergingMktsDebt mmmmm -12,24 4,76 7,60OEM EmergingMktsDom. Debt mmmmm -19,19 -1,38 6,04OEM EmergingMktsDom. Debt mmmmm -19,98 -2,35 4,99AZE EmergingMktsEquity mmmmm -9,39 -0,31 15,01AZE EmergingMktsEquity mmmmm -10,30 -1,31 13,86AZE EmEurop,M-East&Africa Eq mmmmm 0,34 0,01 15,30AZE EmEurop,M-East&Africa Eq mmmmm 1,29 0,99 16,43OEU EuroBond mmmmm 3,40 5,01 4,58OEU EuroBond mmmmm 4,50 6,09 5,65OEU EuroCorporateBond mmmmm 6,04 7,19 8,50OEU EuroCorporateBond mmmmm 4,97 6,12 7,42OEU EuroStrategicBond mmmmm 4,35 5,46 6,16OEU EuroStrategicBond mmmmm 5,42 6,53 7,23OER Europ.Curr.HighYield Bd mmmmm 11,07 8,67 18,05OER Europ.Curr.HighYield Bd mmmmm 10,01 7,58 16,88


1anno 3 anni 5anni


1anno 3 anni 5anni



AER EuropeanEquityAlpha mmmmm 16,79 7,93 16,96AER EuropeanEquityAlpha mmmmm 17,91 9,03 18,15ARE EuropeanProperty mmmmm 17,03 8,19 22,11AEU Eurozone EquityAlpha mmmmm 25,07 8,66 16,86AEU Eurozone EquityAlpha mmmmm 26,30 9,79 18,05OIN GlobalBond mmmmm -3,70 2,41 3,58OIN GlobalBond mmmmm -2,74 3,43 4,61AIN GlobalBrands mmmmm 4,73 11,76 17,78AIN GlobalBrands mmmmm 5,79 12,89 18,97AIN GlobalBrands mmmmm 11,02 11,39 20,16AIN GlobalBrands mmmmm 9,93 10,29 18,97AIN GlobalBrands mmmmm 4,93 11,98 —OCO GlobalConvertib.Bd mmmmm 13,38 3,90 —OCO GlobalConvertib.Bd mmmmm 14,54 4,97 —OCO GlobalConvertible Bond mmmmm 8,83 5,93 9,41AZI Global Infrastructure mmmmm 8,21 14,57 —AZI Global Infrastructure mmmmm 9,29 15,73 —AZI Global Infrastructure mmmmm 13,68 13,23 —ARE GlobalProperty mmmmm 0,74 6,77 22,14AAP IndianEquity mmmmm -9,61 -4,66 15,00AZE LatinAmerican Equity mmmmm -25,64 -10,06 11,34OEU Short MaturityEuro Bond mmmmm 0,46 1,41 1,34OEU Short MaturityEuro Bond mmmmm 1,50 2,42 2,36AMA USAdvantage mmmmm 21,10 16,01 22,26AMA USAdvantage mmmmm 21,34 16,25 22,45AMA USAdvantage mmmmm 22,35 17,20 23,49AMA USAdvantage mmmmm 27,22 14,56 23,60AMA USAdvantage mmmmm 28,49 15,73 24,85AMA USGrowth mmmmm 37,33 16,75 25,38AMA USGrowth mmmmm 38,69 17,93 26,65AMA USGrowth mmmmm 45,67 16,30 27,91ARE USProperty mmmmm 0,39 8,64 27,80

nefAZE AzionarioEEMEA mmmmm -12,41 -9,89 13,38AEU AzionarioEuro mmmmm 22,30 10,82 19,79AIN AzionarioGlobale mmmmm 12,54 3,43 9,55AZE AzionarioPaesi Emergenti mmmmm -13,91 3,07 15,98AMA AzionarioStati Uniti mmmmm 12,93 8,04 18,84FLE Flessibile mmmmm 6,91 0,39 2,64ARE Immobiliare mmmmm 0,90 5,79 20,10OEU Obbligaz.Breve Termine mmmmm 1,79 2,65 2,09OEU Obbligaz.Euro mmmmm 3,21 4,64 4,26OEU Obbligaz.EuroCorporate mmmmm 2,43 4,70 6,08OIN Obbligaz.Globale mmmmm -0,77 2,86 1,55OEM Obbligaz.Paesi Emergenti mmmmm -5,56 4,48 8,32

neutral sicavOIN InflationLinked Bds R mmmmm -4,77 2,05 3,01

new millenniumsicavOEU Augustum CorporateBond mmmmm 8,01 4,59 12,64OEU Augustum CorporateBond mmmmm 8,58 5,20 13,28OEU Augustum High Qual.Bond mmmmm 2,56 3,43 4,37OEU EuroBondsShort Term mmmmm 3,31 2,20 1,81OER LargeEurope Corporate mmmmm 4,42 5,68 6,25FLE Q7Globalflex mmmmm -0,15 -0,74 —

pharmawhealth manag. company s.a.AZH Pharma/wHealth($) mmmmm 33,10 18,06 19,16

pimco funds: global investor series plcAMP CommPLUSTMStrE($) mmmmm -6,71 -6,27 6,72

OIN DiversInc EDis($) mmmmm -5,34 6,39 10,07OIN DiversInc EEur hdgAcc E mmmmm -0,52 5,66 12,01OIN DiversInc Ehdg mmmmm -0,46 5,69 —OIN DiversInc E($) mmmmm -5,30 6,40 10,08OEM EmLocal Bd EAcc unh mmmmm -17,25 0,00 —OEM EmLocal Bd EAcc($) mmmmm -17,24 0,00 7,43OEM EmMkts Bd EAcc($) mmmmm -10,43 5,84 8,91OEM EmMkts Bd EEur hdgAcc mmmmm -5,91 4,98 10,68OEM EmMkts Bd E($) mmmmm -10,42 5,84 8,88OEM EmMkts CorpBd E mmmmm -2,94 3,92 —OEM Em.Mkts.Cur.E Acc mmmmm -9,22 -0,79 3,61OEM Em.Mkts.Cur.E Accunh mmmmm -9,27 -0,81 —AER EqS Pathfinder Eu E mmmmm 10,97 5,02 —AIN EqS Pathfinder FE mmmmm 6,62 5,62 —AIN EqS Pathfinder FdE mmmmm 11,47 5,38 —OEU EuriborPLUS EAcc mmmmm -0,18 0,71 1,66OEU EuroBond E mmmmm 3,62 6,86 7,27OEU EuroBond EAcc mmmmm 3,67 6,88 7,29OIN Glb Advantage Ehdg mmmmm -3,24 2,84 —OIN Glb Bd EAcc hdg mmmmm -0,45 5,57 8,81OIN Glb Bd EAcc($) mmmmm -5,39 6,15 6,76OIN Glb Bd Ex-US E($) mmmmm -4,09 6,87 6,53OIN Glb H.YBd E($) mmmmm 0,76 7,83 13,19OIN Glb H.Y. Bd EAcc($) mmmmm 0,79 7,84 13,16OIN Glb H.Y. Bd Ehdg Acc mmmmm 6,00 7,05 15,10OIN Glb InvGrCr.E Acc hdg mmmmm -0,52 4,95 9,09OIN Glb InvGrCr.E Acc($) mmmmm -5,44 5,54 7,10OIN Glb InvGrCr.E hdg mmmmm -0,54 4,95 —OIN Glb InvGrCr.E($) mmmmm -5,46 5,55 7,10FLE Glb Multi-AssetEAcc hdg mmmmm -8,10 -2,49 —FLE Glb Multi-AssetEAcc($) mmmmm -12,68 -1,43 —OIN Glb RealRetE Acchdg mmmmm -6,04 3,85 6,59OIN Glb RealRetE Acc($) mmmmm -10,66 4,45 4,65OIN Glb RealRetE Dis($) mmmmm -10,67 4,45 4,65OIN GlobalBond E($) mmmmm -5,41 6,14 6,75OAM H.Y. Bd EAcc hdg mmmmm 5,86 6,77 15,56OAM H.Y. Bd EAcc($) mmmmm 0,68 7,58 13,60OAM H.Y. Bd E($) mmmmm 0,68 7,57 13,58OAM LowAvg Durat.E Acc hdg mmmmm -0,54 1,23 —OAM LowAvg Durat.E Acc($) mmmmm -5,42 1,92 1,28OAM LowAvg Durat.E($) mmmmm -5,41 1,94 1,29OAM T.R. Bd EAcc hdg mmmmm -1,40 2,78 5,53OAM T.R. Bd EAcc($) mmmmm -6,30 3,41 3,62OAM T.R. Bd E($) mmmmm -6,29 3,41 3,62OIN UnconstrainedBd E mmmmm -2,93 1,06 —OIN UnconstrainedBd E($) mmmmm -7,77 1,65 —OIN UnconstrainedBd E($) mmmmm -7,80 1,64 —

pioneer assetmgmt s.a.Pioneer FundsOIN AbsolutRet.Bond E mmmmm 0,55 0,76 2,07FLE AbsolutRet.M.Str. E mmmmm 4,77 1,91 3,71FLE AbsolutReturn Curr. E mmmmm -0,74 -0,36 0,46AAP China Eq.E mmmmm -0,45 0,90 —AAP China Eq.F mmmmm -1,19 0,15 —AER Core Europ.Eq. E mmmmm 14,10 9,34 17,82AZE Em. Eur.Med. Eq. E mmmmm -20,33 -9,07 13,37AZE Em. Eur.Med. Eq. F mmmmm -20,93 -9,75 12,52OEM Em. Mark.Bond LCE mmmmm -14,24 -0,18 —OEM Em. Mark.Bond LCF mmmmm -14,75 -0,78 —OEM Em. MktsBond E mmmmm -5,08 7,68 19,99OEM Em. MktsBond F mmmmm -5,43 6,80 18,98AZE Em. MktsEq. E mmmmm -9,10 -6,31 10,28


1anno 3 anni 5anni


1anno 3 anni 5anni



AZE Em. MktsEq. F mmmmm -9,80 -7,02 9,45OEU EuroAggr.Bond E mmmmm 5,33 6,85 6,15OEU EuroAggr.Bond E D. mmmmm 5,32 6,84 —OEU EuroAggr.Bond F mmmmm 4,90 6,42 5,72OEU EuroAggr.Bond F D. mmmmm 4,92 6,42 —OEU EuroBond E mmmmm 5,23 6,73 5,66OEU EuroBond F mmmmm 4,65 6,15 5,07OEU EuroCash Plus E mmmmm 0,87 2,15 4,13OEU EuroCorp. Short T.E mmmmm 1,59 2,71 5,55OEU EuroCorp. Short T.F mmmmm 1,24 2,36 5,18OEU EuroCorporateBond E mmmmm 6,16 7,30 10,32OEU EuroCorporateBond F mmmmm 4,77 6,05 9,06OEU EuroH. Y.E mmmmm 9,03 7,83 26,23OEU EuroH. Y.F mmmmm 8,37 7,19 25,47LEE EuroLiquidityE mmmmm 0,04 0,23 —LEE EuroShort T. E mmmmm 0,17 1,06 1,42LEE EuroShort T. F mmmmm -0,21 0,70 1,07OEU EuroStrategicBond E mmmmm 3,26 4,91 21,79OEU EuroStrategicBond F mmmmm 2,64 4,28 21,07AEU EurolandEquity E mmmmm 20,17 9,91 19,55AEU EurolandEquity F mmmmm 18,24 8,77 18,45AER EuropeanEq.Value E mmmmm 19,19 8,95 19,36AER EuropeanPotentialE mmmmm 33,73 16,69 24,78AER EuropeanPotentialF mmmmm 32,23 15,67 23,75AER EuropeanResearchE mmmmm 18,75 9,53 19,03AIN Glb Eq.Tar. IncomeE mmmmm 13,86 7,11 17,29OIN GlobalAggr.Bond E mmmmm -2,95 3,97 3,98AIN GlobalEcology E mmmmm 30,42 13,65 17,34AIN GlobalEcology F mmmmm 28,14 12,41 16,22OIN GlobalHigh Yield E mmmmm -1,30 6,51 15,15BIL GlobalMulti Asset E mmmmm 5,62 4,68 —AIN GlobalSelectE mmmmm 14,91 7,77 16,90OIN HY&Em.M.BdOpp.2015E mmmmm 4,40 5,50 —OIN HY&Em.M.BdOpp.2015F mmmmm 3,81 4,94 —AAP IndianEquity E mmmmm -8,40 -7,95 11,00AAP IndianEquity F mmmmm -9,08 -8,64 10,16AEU Italian EquityE mmmmm 31,66 3,75 11,88AEU Italian EquityF mmmmm 30,68 2,97 11,04AAP JapaneseEq. E mmmmm 3,53 -0,84 6,40AMA NorthAmerican Bas. Val. E mmmmm 14,68 10,13 16,57OEU Obbl. Euro09/2014 E mmmmm 1,84 3,54 —OEU Obbl. Euro10/2014 E mmmmm 2,38 3,72 —OEU Obbl. Euro11/2014 E mmmmm 2,23 3,82 —OEU Obbl. Euro12/2014 E mmmmm 2,30 3,92 —OIN StrategicIncomeE Hed. mmmmm 2,04 4,56 11,65OIN StrategicIncomeF Hed. mmmmm 1,51 3,71 10,59AER TopEurop. Play. E mmmmm 14,48 10,68 18,86AER TopEurop. Play. F mmmmm 13,63 9,85 17,97OAM U.S.Dollar Aggregate Bd E mmmmm -3,37 5,14 7,14LAM U.S.Dollar Short T. E mmmmm -3,89 2,52 2,54LAM U.S.Dollar Short T. F mmmmm -4,23 2,16 1,85AMA U.S.Fundam. Growth E mmmmm 16,24 15,19 22,23AMA U.S.Fundam. Growth F mmmmm 15,38 14,34 21,32AMA U.S.Pioneer FundE mmmmm 16,48 10,37 17,90AMA U.S.Pioneer FundE Hed. mmmmm 22,37 8,87 19,02AMA U.S.Pioneer FundF mmmmm 15,53 9,52 17,01AMA U.S.Res. Value E mmmmm 13,72 11,51 17,80AMA U.S.Research E mmmmm 16,12 13,10 19,44AMA U.S.Research EHed. mmmmm 22,02 11,61 20,46AMA U.S.Research F mmmmm 15,11 12,20 18,51OAM USCredit Rec.2014 EHed. mmmmm 0,65 2,59 —AMA UsMidCap ValueE mmmmm 21,22 11,08 18,42Pioneer PF

BIL GlobalDefensive20 E mmmmm 5,45 5,91 6,59Pioneer SFOEU EuroCurve1-3y E mmmmm 1,31 2,36 1,65OEU EuroCurve1-3y F mmmmm 0,91 1,96 1,24OEU EuroCurve10+y E mmmmm 7,84 9,34 6,32OEU EuroCurve3-5y E mmmmm 3,14 4,84 3,34OEU EuroCurve3-5y F mmmmm 2,60 4,27 2,77OEU EuroCurve7-10y E mmmmm 5,90 7,59 4,87Pioneer SSFFLE Asia21/12/2015 E mmmmm 1,19 2,91 —FLE Bric03/12/2015 E mmmmm 2,57 2,15 —FLE Bric15/12/2015 E mmmmm 1,38 1,92 —FLE Bric4/12/2015 E mmmmm 2,18 2,36 —FLE Eurostoxx11/2014 E mmmmm 4,76 3,03 —FLE Eurostoxx12/2014 E mmmmm 4,74 2,80 —OAM Obb.Amer. 08/2015 Ehdg mmmmm -0,63 2,11 —OEU Obb.Euro 09/2015E mmmmm 1,52 2,92 —OEU Obb.Euro 11/2015E mmmmm 1,86 3,16 —OEU Obb.Euro 12/2015E mmmmm 1,74 2,90 —OAM Obb.Amer02/2015 Ehdg mmmmm -1,14 1,15 —OEU Obbl.Euro 05/2015E mmmmm 0,49 2,08 —

planetarium fundAMA AmericanSelection($) mmmmm 18,67 8,87 —FLE AnthiliaRed A mmmmm 10,19 3,43 3,73OAM DollarBonds A($) mmmmm -3,61 3,89 1,77OEU Eurocurrencies BondsA mmmmm 5,40 4,75 3,87FLE Flex80 mmmmm 21,03 9,09 11,92FLE Flex90 mmmmm 4,99 5,85 11,63AER FundamentalEurop. Sel. A mmmmm 16,68 6,46 —

popso (suisse) invest. fund sicavOEU EuroBond mmmmm 2,83 4,27 3,09OEU EuroCorporateBd mmmmm 2,67 4,18 —AER EuropeanEquity mmmmm 12,06 3,10 13,63FLE Flex mmmmm 2,35 0,79 2,45OCO GlobalConvertible Bd mmmmm 10,31 5,02 8,86OEU Short MaturityEuro Bond mmmmm 1,98 2,01 1,65OER SwissFranc Bond (Chf) mmmmm 2,14 3,80 6,75OAM UsaDollar Bond ($) mmmmm -5,82 1,29 -0,33

rinascimentosicavAER Augustum GAMES mmmmm 17,96 5,00 20,70

robeco samAZH RobecoSAMHeal LivEUR/B mmmmm 20,60 12,36 22,52AUT Rob.SAMS.Water EUR/B mmmmm 18,43 10,41 17,61AEN Rob.SAMSmEnergyEUR/B mmmmm 9,28 -1,82 14,77

roveresicavAER Az. Europa RC mmmmm 18,30 9,46 —BIL Bilanciato Obblig.RC mmmmm 3,26 1,62 —OEU Obbl. B.TermineRC mmmmm 1,21 2,25 —OEU ObbligazionarioRC mmmmm 2,11 3,72 —

symphonia lux sicavFLE SymphoniaAltoValore mmmmm 9,10 2,11 —AIN SymphoniaBestvalue mmmmm 20,46 9,28 —

ubipramericaUBI SicavAAP AsiaPacific Eq.-R mmmmm -2,54 1,80 13,13AZE EmergingMktsEq.-R mmmmm -14,16 -4,38 —


1anno 3 anni 5anni


1anno 3 anni 5anni



OEU EuroCorp. Bond-R mmmmm 4,44 5,23 6,56OEU EuroFixedInc.-R mmmmm 2,30 3,70 3,04OIN High Yield Bond-R mmmmm 5,02 7,24 14,06OEU Short TermEUR R mmmmm 1,68 0,75 —

vontobel invest. fundsOIN AbsRet Bd mmmmm 0,79 1,09 1,29OIN Abs. Return Bd (Chf) mmmmm 1,24 2,70 5,25AMP BelvistaComm. mmmmm -2,14 -8,86 3,49AAP China StarsEq ($) mmmmm -1,72 -0,31 14,56OEM EasternEuropean Bd mmmmm -11,60 -0,08 6,38AZE EmergingMktsEq mmmmm -9,34 2,17 17,76AZE EmergingMktsEq ($) mmmmm -13,59 3,50 16,36AZE EmergingMktsEq ($) mmmmm -14,10 2,88 15,67OEU EURCorp Bd Mid Yield mmmmm 6,73 7,98 10,08OEU EuroBd mmmmm 5,16 6,37 4,87LEE EuroMoney mmmmm 0,39 1,11 2,15AER Europ.Equity mmmmm 1,88 12,22 15,83AER Europ.Mid&Sm.CapEq mmmmm 26,94 8,25 26,42AAP FarEastEq ($) mmmmm -7,95 4,68 14,69AEN FutureResources mmmmm 5,67 0,21 16,74OCO GlbConvertBd mmmmm 11,77 4,81 —AIN GlbEquity mmmmm 10,81 11,48 17,79AIN GlbEquity($) mmmmm 5,72 13,08 16,94

AIN GlbEquityEx-US ($) mmmmm -2,02 8,29 13,58AEN NewPower mmmmm 19,66 2,63 10,58OER SwissFranc Bd (Chf) mmmmm 1,39 5,01 7,61AER SwissMid&SmCapEq (Chf) mmmmm 27,41 8,34 20,84LEE SwissMoney (Chf) mmmmm 0,86 2,46 4,74LAM USDollar Money($) mmmmm -4,61 1,06 -0,96AMA USEquity mmmmm 20,75 16,45 21,72AMA USEquity ($) mmmmm 15,05 17,96 20,19

willerfundsmanag. comp.WillerbondOER Europ.Currencies mmmmm 2,50 2,75 2,10WillerequityAAP Japan(Jpy) mmmmm 5,22 1,06 7,12AAP SouthEastAsia($) mmmmm -6,11 3,34 15,17

zenit multistrategy sicavAEU StockPicking I mmmmm 41,74 9,13 15,45

zest asset mgmt sicavOEU ActiveBond mmmmm 2,33 3,95 —FLE GlobalStrategyR mmmmm -4,73 1,35 5,43FLE LowVolatility mmmmm 3,94 3,45 4,60


1anno 3 anni 5anni


1anno 3 anni 5anni


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

1 Standard Life Investments LimitedGB0002959582(GBR) 20,15 35,63 18,90

2 LansforsakringarFondforvaltning ABSE0000837338(SWE) 11,48 33,61 18,48

3 BlackRock InvestmentManagement (UK) LimitedGB0006436108(GBR) 21,27 43,75 16,90

4 Allan GrayInternational (Proprietary) LimitedBMG0177P1041(BMU) 8,78 24,35 16,77

5 DanskeInvest InvesteringsforeningenDK0010264456(DNK) 29,56 35,92 16,70

6 Prosperity CapitalManagement LimitedKYG7273W1078(CYM) -5,60 31,01 16,40

7 FrostrowCapital LLPGB0000385517(GBR) 51,20 37,07 16,37

8 Moneta Asset Management SASFR0000994980 (FRA) 16,41 26,40 16,18

9 First StateInvestments (Hong Kong) LtdIE0008369930(IRL) 5,82 22,55 16,08

10 Aberdeen Asset ManagersLimitedGB0000100767(GBR) 15,78 33,60 15,60


12 SEBInvest InvesteringsforeningenDK0010260629(DNK) 14,60 27,63 15,57

13 First StateInvestment Management(UK) LimitedGB0007836132(GBR) 14,08 33,89 15,54

14 DNBAsset Management ASNO0010337678(NOR) 12,97 33,98 15,54

15 F&CInvestmentBusiness LimitedGB0030738271(GBR) 20,58 37,64 15,47

16 InvestecFund Managers LtdGB0031075558(GBR) 23,01 38,01 15,38

17 ODINForvaltning ASNO0010062953(NOR) 10,53 27,74 15,25

18 PYN Rahastoyhtio OyFI0008803812(FIN) 34,51 46,01 15,25

19 Schroder InvestmentManagement LtdGB0006108418(GBR) 28,10 36,00 15,24

20 DNBAsset Management AS(Sweden)SE0000432809(SWE) 13,56 33,24 15,17

21 EFG-HermesFinancial Management (Egypt) LimitedBMG2948Y1093(BMU) -3,78 2,64 15,17

22 DNBAsset Management ASNO0008001187(NOR) -1,19 23,13 15,15

23 LanneboFonder ABSE0000740698(SWE) 12,97 30,57 15,15

24 SemperConstantia Invest GmbHAT0000831425(AUT) -2,67 10,52 15,04

25 Jupiter Asset ManagementLtdGB0000197722(GBR) 20,44 39,16 14,91

26 Franklin Templeton Fund Management LimitedGB00B3ZGH246(GBR) 21,09 30,36 14,90

27 Eika Kapitalforvaltning ASNO0010199086(NOR) 3,58 24,83 14,79

28 BlackRock Asset ManagementDeutschland AGDE000A0H08E0(DEU) 12,45 23,52 14,79

29 Cazenove InvestmentFund Management LimitedGB0031092942(GBR) 30,22 41,76 14,78

30 Fondsfinans Kapitalforvaltning ASANO0010165764(NOR) 2,50 24,71 14,77

31 BIL Nordic Invest InvesteringsforeningenDK0015762249(DNK) 17,11 28,61 14,68

32 HandelsbankenFonder ABSE0000356065(SWE) 14,32 34,57 14,51

33 JPMorgan Asset Management(UK) LimitedGB0003419693(GBR) 15,17 24,92 14,47

34 Swedbank Robur Fonder ABSE0000602302(SWE) 13,27 32,70 14,42

35 AIMSAsset ManagementSdb BhdVGG0411N1050(VGB) 18,54 26,05 14,40

36 Montanaro Asset ManagementLimitedGB0006007560(GBR) 19,07 34,19 14,34

37 SydinvestInvesteringsforeningenDK0010169465(DNK) -6,78 13,08 14,22

38 DNBAsset Management AS(Sweden)SE0000432775(SWE) 12,65 32,35 14,14

39 Skandia FonderABSE0000810814(SWE) 12,69 32,28 14,06

40 Henderson GlobalInvestors LtdGB0009065060(GBR) 29,70 44,29 14,05

41 LindsellTrain LtdGB0031977944(GBR) 18,76 23,63 14,02

42 Erste Sparinvest Kapitalanlagesellschaft mbHAT0000746748(AUT) 38,78 30,28 13,99

43 Old Mutual Fund ManagersLtdGB00B1XG7C26(GBR) 20,12 28,59 13,96

44 NordeaRahastoyhtio Suomi OyFI0008800438(FIN) 9,62 24,90 13,95

45 Skagen ASNO0010140502(NOR) -0,20 19,93 13,89

46 InvescoAsset Management LimitedGB00B1FL3C76(GBR) 23,79 32,19 13,87

47 Carnegie WorldWide InvesteringsforeningenDK0010249655(DNK) 14,73 26,66 13,84

48 YFM PrivateEquity LimitedGB0001403152(GBR) 15,72 15,34 13,82

49 StorebrandAsset ManagementASNO0010039688(NOR) 4,74 26,32 13,80

50 Standard Life Investments (MutualFunds) LimitedGB0004331236 (GBR) 16,37 29,71 13,79

51 F&CManagementLimitedGB0000175058(GBR) 17,23 33,53 13,79

52 DanskeCapital AS(Norway)NO0010047228(NOR) 5,11 25,99 13,76

53 DanskeInvest InvesteringsforeningenDK0010257831(DNK) -5,02 16,84 13,71

54 UBSFund Management (Switzerland) AGCH0011764310(CHE) 11,03 25,80 13,69

55 HandelsinvestInvesteringsforvaltning ASDK0010232768(DNK) 16,31 28,35 13,58

56 SEB InvestmentManagement ABSE0000434201(SWE) 12,40 30,67 13,56

57 UBSGlobal Asset Management (Deutschland) GmbHDE0009751651(DEU) 11,86 29,39 13,55


59 PTCiptadana Asset ManagementBMG4762X1002(BMU) -2,52 21,59 13,52

60 PictetFunds SACH0003299580(CHE) 10,59 24,50 13,48


62 Old Mutual Fund ManagersLtdGB00B1XG7999(GBR) 21,41 28,01 13,44

63 OpportunityAsset Management LtdKYG676194551(CYM) -12,11 12,06 13,43

64 HandelsbankenFonder ABSE0000522724 (SWE) 9,47 28,90 13,42

65 EnterFonder ABSE0001172362(SWE) 8,75 29,78 13,40

66 MonedaS.A.BMG6199T1071(BMU) -7,62 14,39 13,40

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



la top 100 dei fondi esteri

67 BIManagement ASDK0016060346(DNK) 13,40 25,43 13,36

68 DanskeCapital AS(Norway)NO0008000460(NOR) 4,96 26,52 13,33

69 Eika Kapitalforvaltning ASNO0010195258(NOR) 7,24 21,80 13,32


71 Alfred Berg Kapitalforvaltning ASNO0010105489(NOR) 3,81 24,22 13,29

72 Fondita Rahastoyhtio OyFI0008802871(FIN) 6,54 30,66 13,29

73 ParetoForvaltning ASNO0010110968(NOR) 0,77 21,96 13,22

74 Investeringsforeningen Sydinvest InternationalASDK0016259260(DNK) -6,16 13,21 13,21

75 Reichmuth & Co Investmentfonds AGCH0013728990(CHE) 8,85 20,85 13,21

76 JPMorgan Asset Management(UK) LimitedGB0007416000 (GBR) 23,68 35,98 13,20


78 Allianz GlobalInvestors Europe GmbHDE0008481763(DEU) 15,82 27,61 13,12

79 Flinvest SAFR0010007542(FRA) 11,32 16,66 13,05

80 LansforsakringarFondforvaltning ABSE0000837239(SWE) 7,24 28,99 12,99

81 DanskeInvest InvesteringsforeningenDK0015710602(DNK) 1,18 19,88 12,98

82 BlackRock InvestmentManagement (UK) LimitedGB0008910555(GBR) 20,80 39,91 12,96

83 Spiltan FonderABSE0001015348(SWE) 11,03 24,97 12,95

84 ODINForvaltning ASNO0008000023(NOR) 13,36 31,53 12,94

85 BaillieGifford & CoLtdGB0007838849 (GBR) 17,99 33,13 12,89


87 MarlboroughFund Managers LtdGB00B659XQ05(GBR) 19,46 31,60 12,89

88 BaringFund Managers LimitedGB0000796242(GBR) 13,70 24,88 12,88


90 Didner & GergeFonder ABSE0000428336 (SWE) 14,68 37,50 12,82

91 HgCapital Trust PLCGB0003921052(GBR) 6,00 14,78 12,81

92 GustaviaFonder ABSE0001091018(SWE) 9,50 27,97 12,79

93 Alfred Berg Kapitalforvaltning ASNO0010089519(NOR) 4,03 25,45 12,79

94 BaillieGifford & CoLtdGB0005924773(GBR) 23,53 31,31 12,78

95 Aberdeen Asset Management(London)GB00B1GCL258(GBR) 24,47 35,44 12,77

96 FrostrowCapital LLPGB0007816068(GBR) 22,44 32,23 12,76

97 NordeaInvest InvesteringsforeningenDK0010265859(DNK) 14,15 25,72 12,75



100 Aberdeen Asset ManagersLimitedGB0000059971(GBR) 18,68 30,51 12,70

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 03.03 8,55 31,39 17,82 51,79BBRAlMeglioBilanciato mmmmm nnnnn 03.03 3,49 20,02 10,15 24,20OBRAlMeglioObbligaz. mmmmm nnnnn 03.03 0,27 8,65 2,32 6,88

ALLIANZInsiemeAZ LineaDinamica mmmmm nnnnn 04.03 8,66 36,68 27,25 82,67BB LineaSerena mmmmm nnnnn 04.03 5,94 28,38 21,28 49,22OBRLineaSicura mmmmm nnnnn 04.03 1,97 — 8,45 10,11BO LineaTranquilla mmmmm nnnnn 04.03 3,38 20,44 14,96 22,88L.A. PrevidenzaBB L.A. Previd. Bilanciata mmmmm nnnnn 28.02 6,98 16,28 7,68 31,06OBRL.A. Previd. Garantita mmmmm nnnnn 28.02 1,16 7,34 5,63 13,94BA L.A. Previd. Internaz. mmmmm nnnnn 28.02 11,50 9,54 8,84 41,74BOCL.A. Previd. Protetta mmmmm nnnnn 28.02 3,41 19,17 6,81 14,83PrevirasOBRLinea1 Obbligaz. mmmmm nnnnn 04.03 1,16 7,69 6,15 7,17BOCLinea2 Obb. Mista mmmmm nnnnn 04.03 3,25 21,83 17,21 18,84BB Linea3 Bilanciata mmmmm nnnnn 04.03 5,58 28,12 20,80 42,48AZ Linea4 Az. Int. mmmmm nnnnn 04.03 7,83 35,25 24,85 74,05

AMUNDI A. M.SecondaPensioneF.P.A.MO SPDifensiva mmmmm nnnnn 28.02 4,08 9,61 9,47 11,43AZ SPEspansione mmmmm nnnnn 28.02 10,43 16,61 10,17 60,48FLCSPGarantita mmmmm nnnnn 28.02 2,53 5,42 7,15 8,83BO SPProgressiva mmmmm nnnnn 28.02 7,85 18,76 14,41 37,01BO SPSicurezza mmmmm nnnnn 28.02 4,79 14,67 10,58 22,13BB SPSviluppo mmmmm nnnnn 28.02 9,62 18,94 13,90 49,82

ARCAArcaPrevidenzaAZ LineaAltaCrescita mmmmm nnnnn 28.02 15,69 — 26,81 —AZ LineaAltaCrescita C mmmmm nnnnn 28.02 16,16 — — —AZ LineaAltaCrescita R mmmmm nnnnn 28.02 16,66 — 29,32 —BB LineaCrescita mmmmm nnnnn 28.02 10,58 — 24,34 57,74BB LineaCrescita C mmmmm nnnnn 28.02 10,92 — — —BB LineaCrescita R mmmmm nnnnn 28.02 11,39 — 26,57 61,91MOCLineaGaranzia mmmmm nnnnn 28.02 0,66 5,77 5,12 6,17OBCLineaGaranzia C mmmmm nnnnn 28.02 0,82 5,77 — —MOCLineaGaranzia R mmmmm nnnnn 28.02 1,19 5,77 6,53 8,33FLCLineaObiettivo TFR mmmmm nnnnn 28.02 2,08 — 8,81 19,86OBCLineaObiettivo TFR C mmmmm nnnnn 28.02 2,39 — — —FLCLineaObiettivo TFR R mmmmm nnnnn 28.02 2,83 — 10,71 22,95BO LineaRendita mmmmm nnnnn 28.02 6,39 — 20,73 34,54OB LineaRendita C mmmmm nnnnn 28.02 6,73 — — —BO LineaRendita R mmmmm nnnnn 28.02 7,19 — 22,90 38,10

ASSIMOCO VITAF.P.A.Il MelogranoAZ LineaDinamica mmmmm nnnnn 26.02 9,95 18,60 10,79 40,94BB LineaEquilibrata mmmmm nnnnn 26.02 7,03 16,17 11,80 30,56BO LineaGarantita mmmmm nnnnn 26.02 5,37 11,03 10,14 12,14OB LineaPrudente mmmmm nnnnn 26.02 4,14 16,49 10,79 15,84

AVIVAAvivaBA L.Inv. Azionaria mmmmm nnnnn 14.02 11,68 — 22,28 68,34BB L.Inv. Bilanciata mmmmm nnnnn 14.02 8,51 — 20,05 40,49OB L.I.Gar.Rend.Mn.Pres mmmmm nnnnn 14.02 4,62 18,82 15,40 18,15BO L.I.Gar.Rest.Capitale mmmmm nnnnn 14.02 5,63 — 17,11 22,55BO L.Inv. Obbligazionaria mmmmm nnnnn 14.02 7,10 — 19,45 31,53

AvivaAss. V. UBI Prev.BA Comp. Aggressivo C mmmmm nnnnn 21.02 12,72 15,88 22,12 34,50BA Comp. Aggressivo I mmmmm nnnnn 21.02 12,24 18,66 20,55 68,91BOCComp. Capital.Sicuro mmmmm nnnnn 21.02 2,38 4,22 3,16 6,55BB Comp. DinamicoC mmmmm nnnnn 21.02 7,41 14,37 15,99 25,80BB Comp. DinamicoI mmmmm nnnnn 21.02 7,13 15,06 15,06 47,36OB CompartoGarantito mmmmm nnnnn 21.02 1,33 9,27 3,61 5,95BO Comp. ModeratoC mmmmm nnnnn 21.02 3,85 16,11 10,95 16,96BO Comp. ModeratoI mmmmm nnnnn 21.02 3,79 12,42 10,76 28,81BO Comp. PrudenteC mmmmm nnnnn 21.02 2,59 13,22 8,53 11,99BO Comp. PrudenteI mmmmm nnnnn 21.02 2,57 13,22 8,44 18,54

AXAASSICURAZIONIMO Comp. Conservativo mmmmm nnnnn 24.02 -0,21 -73,67 0,25 -0,12BA CompartoDinamico mmmmm nnnnn 24.02 8,84 25,73 10,93 45,07BO CompartoEquilibrato mmmmm nnnnn 24.02 6,96 20,97 11,12 38,97BORCompartoGarantito mmmmm nnnnn 24.02 1,45 7,32 4,30 10,28BO CompartoPrudente mmmmm nnnnn 24.02 4,81 19,94 14,06 30,54

AXAMPS ASSICURAZIONI VITAAxa MPSPrevidenza in AziendaBB LineaCombinata mmmmm nnnnn 17.02 10,20 20,07 20,43 50,25BO LineaEquilibrio mmmmm nnnnn 17.02 5,64 18,58 14,39 30,08BOCLineaSicura mmmmm nnnnn 17.02 0,73 6,75 3,72 6,78BA LineaSviluppo mmmmm nnnnn 17.02 14,34 20,00 25,71 64,81OB LineaTenuta mmmmm nnnnn 17.02 0,29 16,96 5,72 9,83Axa MPSPrevidenza perTeBA LineaCrescita mmmmm nnnnn 17.02 13,97 20,00 24,09 62,71BOCLineaGarantita mmmmm nnnnn 17.02 0,34 6,75 2,53 5,02BB LineaMista mmmmm nnnnn 17.02 9,81 20,07 18,93 49,46OB LineaMoneta mmmmm nnnnn 17.02 -0,04 16,96 4,73 8,56BO LineaStabilità mmmmm nnnnn 17.02 5,22 18,58 13,36 28,93

AZIMUT PREVIDENZABA CompartoCrescita mmmmm nnnnn 28.02 10,44 — 10,61 32,63BA CompartoCrescita C mmmmm nnnnn 28.02 — — — —BB CompartoEquilibrato mmmmm nnnnn 28.02 7,08 — 9,67 21,24BA Comp. EquilibratoC mmmmm nnnnn 28.02 — — — —BORCompartoGarantito mmmmm nnnnn 28.02 4,42 — 10,26 14,18BA CompartoObbligaz. mmmmm nnnnn 28.02 — — — —BA Comp. Obbligaz.C mmmmm nnnnn 28.02 — — — —BO CompartoProtetto mmmmm nnnnn 28.02 2,68 — 3,31 3,56BA Comp. ProtettoC mmmmm nnnnn 28.02 — — — —

BAP VITA E PREVIDENZABap Pensione2007BO LineaEquilibrio mmmmm nnnnn 31.01 4,18 12,07 6,03 15,29BO LineaEquilibrioA mmmmm nnnnn 31.01 4,83 12,07 7,69 18,76BA LineaInvestimento mmmmm nnnnn 31.01 8,69 5,67 5,01 20,38BA LineaInvestimento A mmmmm nnnnn 31.01 9,49 5,67 7,48 25,40OBRLineaTFR mmmmm nnnnn 31.01 0,91 9,58 4,18 4,86OBRLineaTFR A mmmmm nnnnn 31.01 1,44 9,58 5,82 7,76

BCC RISPARMIO & PREVIDENZAAZ Aureocomparto az. mmmmm nnnnn 28.02 14,43 24,78 17,44 74,00BB Aureocomparto bil. mmmmm nnnnn 28.02 7,91 18,85 12,98 41,41MO Aureocomparto gar. mmmmm nnnnn 28.02 0,18 2,93 2,33 3,51OB Aureocomp. obbl. mmmmm nnnnn 28.02 0,16 12,44 5,65 9,90

BIM VITABB BimVita Bil.Globale mmmmm nnnnn 31.01 9,14 9,56 10,19 35,65OB BimVita Bond mmmmm nnnnn 31.01 3,44 18,46 12,90 20,03BO BimVita Equilibrio mmmmm nnnnn 31.01 4,49 15,99 11,25 18,39

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



fondi pensione aperti

AZ BimVita Equity mmmmm nnnnn 31.01 15,06 4,93 8,67 47,60

CASSACENTRALE RAIFFEISENRaiffeisenF.P.A.BO LineaActivity mmmmm nnnnn 28.02 7,56 17,44 17,61 37,09BA LineaDynamic mmmmm nnnnn 28.02 11,84 13,13 16,59 57,01OB LineaSafe mmmmm nnnnn 28.02 4,14 20,14 14,68 18,28

CREDEMPREVIDENZAAZ Comp. Azionario A mmmmm nnnnn 31.01 11,74 22,98 17,71 55,44AZ Comp. Azionario B mmmmm nnnnn 31.01 12,25 22,98 19,33 59,28BB Comp. BilanciatoA mmmmm nnnnn 31.01 7,76 19,78 15,99 37,97BB Comp. BilanciatoB mmmmm nnnnn 31.01 8,05 19,78 16,92 40,02FL Comp. Flessibile A mmmmm nnnnn 31.01 — — — —FL Comp. Flessibile B mmmmm nnnnn 31.01 — — — —BORComp. Obb. Gar.A mmmmm nnnnn 31.01 4,86 18,97 13,62 22,45BORComp. Obb. Gar.B mmmmm nnnnn 31.01 4,95 18,97 13,91 23,04

CRÉDITAGRICOLE VITAAZ Taro mmmmm nnnnn 28.02 9,91 25,04 18,40 66,12AZ TaroCl.A mmmmm nnnnn 28.02 10,39 25,04 19,95 69,75AZ TaroCl.B mmmmm nnnnn 28.02 10,79 25,04 21,25 —BORTicino mmmmm nnnnn 28.02 7,52 16,60 14,29 16,67BO TicinoCl.A mmmmm nnnnn 28.02 7,95 16,60 15,65 18,96BO TicinoCl.B mmmmm nnnnn 28.02 8,43 16,60 17,20 —BB Trebbia mmmmm nnnnn 28.02 8,70 26,96 20,33 56,12BB Trebbia Cl.A mmmmm nnnnn 28.02 9,18 26,96 21,92 59,57BB Trebbia Cl.B mmmmm nnnnn 28.02 9,37 26,96 22,61 —

CREDITRASVITAUnicreditAZ LineaDinamica mmmmm nnnnn 04.03 10,89 35,25 29,10 76,02BB LineaSerena mmmmm nnnnn 04.03 7,59 28,12 22,11 45,46OBRLineaSicura mmmmm nnnnn 04.03 1,09 7,69 5,22 7,48BOCLineaTranquilla mmmmm nnnnn 04.03 4,91 21,83 16,40 20,92

GENERALIITALIAFondoPensione Aperto INABO Inv. Bilanciato mmmmm nnnnn 31.01 6,05 18,04 14,66 28,32BOCInv. CapitaleGarant. mmmmm nnnnn 31.01 2,30 7,26 7,19 13,21BA Inv. Crescita mmmmm nnnnn 31.01 10,07 17,83 16,55 44,86BO Inv. Protezione mmmmm nnnnn 31.01 2,67 9,93 9,37 13,34BORInv. Rendim.Garant. mmmmm nnnnn 31.01 3,60 15,96 11,48 18,75BO Inv. TFR Garant.2015 mmmmm nnnnn 31.01 3,49 3,68 7,70 —BO Inv. TFR Garant.2023 mmmmm nnnnn 31.01 4,91 3,68 18,79 —BO Inv. TFR Garant.2033 mmmmm nnnnn 31.01 6,06 3,68 11,74 —PrevigenGlobalBB Balance mmmmm nnnnn 31.01 6,54 12,04 15,78 34,74BORBond mmmmm nnnnn 31.01 4,32 14,44 11,24 22,00AZ Capital mmmmm nnnnn 31.01 10,49 16,81 17,71 50,09PrevigenValoreBB Genbalance mmmmm nnnnn 31.01 6,20 12,04 14,87 32,37OBRGenbond mmmmm nnnnn 31.01 2,72 14,44 8,53 11,22BORGenbondPiù mmmmm nnnnn 31.01 3,62 14,44 9,07 17,93AZ Gencapital mmmmm nnnnn 31.01 10,01 16,81 16,21 43,14

HDIASSICURAZIONIF.P.A.Azionedi PrevidenzaAZ LineaDinamica mmmmm nnnnn 15.01 — — — —BO LineaEquilibrata mmmmm nnnnn 15.01 — — — —BOCLineaGarantita mmmmm nnnnn 15.01 — — — —OB LineaPrudente mmmmm nnnnn 15.01 — — — —

INTESASANPAOLO PREVIDENZAF.P.A.GiustinianoBA GiustinianoAzionaria mmmmm nnnnn 28.02 11,83 26,16 21,06 76,71BO Giustin. Bilanciata mmmmm nnnnn 28.02 8,25 23,68 18,86 51,86OB Giustin. Monetaria mmmmm nnnnn 28.02 1,96 7,34 6,40 9,36OB GiustinianoObbligaz. mmmmm nnnnn 28.02 3,90 41,82 14,72 18,24BOCGiustinianoTFR + mmmmm nnnnn 28.02 3,45 6,25 7,80 17,31F.P.A.Il Mio DomaniBO LineaBreve Termine mmmmm nnnnn 28.02 1,61 3,75 16,93 21,26BO LineaBreve Term. C mmmmm nnnnn 28.02 1,63 3,75 — —AZ LineaLungo Termine mmmmm nnnnn 28.02 12,10 — 30,67 81,72FL LineaLungo Term.C mmmmm nnnnn 28.02 11,45 — — —BB LineaMedio Termine mmmmm nnnnn 28.02 6,12 7,24 13,93 38,14FL LineaMedio Term. C mmmmm nnnnn 28.02 6,01 7,24 — —BORLineaTFR mmmmm nnnnn 28.02 3,29 6,25 8,89 18,56BO LineaTFR Cl.C mmmmm nnnnn 28.02 3,26 6,25 — —F.P.A.Intesa Mia PrevidenzaBO PianoPrev.Accumulo mmmmm nnnnn 28.02 7,93 17,95 12,07 37,52MOCPianoPrevid.Capitale mmmmm nnnnn 28.02 2,67 10,57 8,28 9,78BO PianoPrevid.Crescita mmmmm nnnnn 28.02 4,37 13,37 11,72 26,15BA PianoPrev.Dinamico mmmmm nnnnn 28.02 11,45 20,88 15,89 54,27OB PianoPrevid.Reddito mmmmm nnnnn 28.02 3,56 13,53 10,40 13,61F.P.A.PrevidSystemBO AccumulazioneBilan. mmmmm nnnnn 28.02 6,44 18,73 14,23 45,65BO CrescitaDinamica mmmmm nnnnn 28.02 2,84 13,07 10,00 21,39BO CrescitaPrudente mmmmm nnnnn 28.02 1,50 9,92 8,29 13,91BA Rivalutaz. Azionaria mmmmm nnnnn 28.02 11,06 24,12 18,24 72,98BORTFR + mmmmm nnnnn 28.02 3,31 6,25 7,41 16,88

INTESASANPAOLO VITAF.P.A.Sanpaolo PrevidenzaBA LineaBil.Azionaria mmmmm nnnnn 28.02 12,43 27,02 18,17 62,85BB LineaBilanciata mmmmm nnnnn 28.02 10,01 24,56 17,39 49,89MO LineaMonetaria mmmmm nnnnn 28.02 0,39 3,00 2,86 3,98OB LineaObbligazion. mmmmm nnnnn 28.02 3,89 18,42 14,39 17,75BO LineaProtetta mmmmm nnnnn 28.02 4,15 7,41 6,30 10,23F.P.A.Sanpaolo Previdenza AziendeBA LineaBil.Azionaria mmmmm nnnnn 28.02 12,91 27,02 20,04 67,27BO LineaBil.Obbligaz. mmmmm nnnnn 28.02 8,05 22,11 17,67 39,63BB LineaBilanciata mmmmm nnnnn 28.02 10,44 24,56 19,03 53,09BORLineaGarantita mmmmm nnnnn 28.02 1,64 12,10 5,42 7,80OB LineaObbligazion. mmmmm nnnnn 28.02 4,23 18,42 15,45 19,57

ITAS VITAF.P.A.PensPlan PlurifondsAZ ActivITAS mmmmm nnnnn 15.02 9,49 22,77 12,61 43,07BO AequITAS mmmmm nnnnn 15.02 5,84 23,02 15,24 33,07BOCSecurITAS mmmmm nnnnn 15.02 2,73 5,35 8,12 13,03BO SerenITAS mmmmm nnnnn 15.02 4,21 18,58 14,21 22,82BB SolidITAS mmmmm nnnnn 15.02 7,26 21,37 13,40 36,23AZ SummITAS mmmmm nnnnn 15.02 11,21 24,25 10,79 44,24

NATIONALE SUISSEVITABO Previs.-C.Crescita mmmmm nnnnn 31.01 5,45 23,27 14,74 30,19BB Previs.-C.Dinamica mmmmm nnnnn 31.01 8,73 27,30 17,25 44,63OBCPrevis.-C.Garanz. mmmmm nnnnn 31.01 2,32 19,23 12,42 16,17

PENSPLANINVEST SGRPensPlanProfi F.P.A.BB CompartoLinea A mmmmm nnnnn 28.02 5,02 23,63 10,97 22,39BO CompartoLinea B mmmmm nnnnn 28.02 4,91 19,00 14,65 23,00OB CompartoLinea C mmmmm nnnnn 28.02 1,57 8,84 5,50 9,18





PIONEER INVESTMENT MGMTUniCreditPrevidenzaAZ LineaAzionaria mmmmm nnnnn 31.01 11,02 24,71 21,89 58,70BB LineaBilanciata mmmmm nnnnn 31.01 8,10 22,12 20,83 48,43BA LineaDT2035+ mmmmm nnnnn 31.01 7,37 25,96 19,65 52,04BO LineaDT2015 mmmmm nnnnn 31.01 1,59 21,92 8,80 20,92BO LineaDT2020 mmmmm nnnnn 31.01 4,76 17,40 17,87 36,30BB LineaDT2025 mmmmm nnnnn 31.01 5,57 24,61 19,01 42,07BB LineaDT2030 mmmmm nnnnn 31.01 6,66 25,96 19,53 46,50MO LineaGarantita mmmmm nnnnn 31.01 2,13 5,83 8,43 11,33BO LineaOb. Breve Per. mmmmm nnnnn 31.01 1,75 20,58 8,46 14,26OB LineaObblig. Reale mmmmm nnnnn 31.01 0,42 14,64 7,09 17,43BO LineaPrudente mmmmm nnnnn 31.01 4,79 18,24 16,79 36,13

POPOLARE VITAOBRPopolareBond mmmmm nnnnn 31.01 3,03 18,46 11,51 18,18BORPopolareGest mmmmm nnnnn 31.01 4,56 15,99 10,74 19,26BORPopolareGest Cl.A mmmmm nnnnn 31.01 4,93 15,99 11,93 21,36BORPopolareGest Cl.B mmmmm nnnnn 31.01 4,98 15,99 12,08 —BB PopolareMix mmmmm nnnnn 31.01 7,54 11,68 16,68 38,03BB PopolareMix Cl.A mmmmm nnnnn 31.01 7,98 11,68 18,08 40,89

REALE MUTUA ASSICURAZIONIBB Teseo-L.Bilanc.Etica mmmmm nnnnn 31.01 6,38 8,23 14,03 31,85MORTeseo-L.Garan. Etica mmmmm nnnnn 31.01 2,55 5,83 7,43 8,64OB Teseo-L.Prud. Etica mmmmm nnnnn 31.01 2,72 20,57 13,84 18,74AZ Teseo-L.Svilup. Etica mmmmm nnnnn 31.01 11,10 19,09 12,87 45,71

TORO DI GENERALIITALIAAZ LineaAzionaria mmmmm nnnnn 31.01 10,56 23,79 14,91 44,53AZ LineaAzionaria A mmmmm nnnnn 31.01 11,30 23,79 17,02 49,49AZ LineaAzionaria B mmmmm nnnnn 31.01 11,36 23,79 17,29 50,05AZ LineaAzionaria C mmmmm nnnnn 31.01 11,50 23,79 17,65 50,81BBRLineaBil. Garanzia mmmmm nnnnn 31.01 4,22 16,94 7,93 22,79BBRLineaBil. Garanzia A mmmmm nnnnn 31.01 4,22 16,94 7,95 22,88BBRLineaBil. Garanzia B mmmmm nnnnn 31.01 4,15 16,94 — —BBRLineaBil. Garanzia C mmmmm nnnnn 31.01 4,22 16,94 7,93 22,89OBRLineaObbl. Garanzia mmmmm nnnnn 31.01 1,26 13,27 1,72 8,77OBRLineaOb. Garanzia A mmmmm nnnnn 31.01 1,71 13,27 3,09 11,20OBRLineaOb. Garanzia B mmmmm nnnnn 31.01 1,80 13,27 3,37 11,72OBRLineaOb. Garanzia C mmmmm nnnnn 31.01 1,90 13,27 3,65 12,22

UNIPOLSAIF.P.A.Conto PrevidenzaAZ Comp.Azionario mmmmm nnnnn 31.01 9,12 20,21 15,23 54,83AZ Comp.AzionarioA mmmmm nnnnn 31.01 10,01 20,21 18,09 61,57AZ Comp.AzionarioB mmmmm nnnnn 31.01 10,06 20,21 18,24 62,10BB Comp.Bilanciato mmmmm nnnnn 31.01 7,51 19,70 14,54 38,35BB Comp.BilanciatoA mmmmm nnnnn 31.01 8,13 19,70 16,55 43,98BB Comp.BilanciatoB mmmmm nnnnn 31.01 8,18 19,70 16,72 44,14BORComp.Garantito mmmmm nnnnn 31.01 4,61 15,99 10,58 18,39BORComp.GarantitoA mmmmm nnnnn 31.01 5,08 15,99 12,07 21,05BORComp.GarantitoB mmmmm nnnnn 31.01 5,14 15,99 12,25 21,38OB Comp.Obbigazion. mmmmm nnnnn 31.01 2,07 13,26 8,73 16,69OB Comp.Obbigazion. A mmmmm nnnnn 31.01 2,53 13,26 10,19 19,30OB Comp.Obbigazion. B mmmmm nnnnn 31.01 2,58 13,26 10,36 19,62FLRComp.PremiumTFR mmmmm nnnnn 31.01 3,66 — 10,27 19,16

F.P.A.Fondiaria PrevidenteAZ Comp.Azionario mmmmm nnnnn 31.01 9,32 20,21 12,24 51,00BB Comp.Bilanciato mmmmm nnnnn 31.01 7,81 19,70 14,98 41,32BORComp.Garantito mmmmm nnnnn 31.01 4,66 15,99 11,17 18,82MO Comp.Monetario mmmmm nnnnn 31.01 1,84 3,07 3,39 5,20OB Comp.Obbigazion. mmmmm nnnnn 31.01 2,17 13,26 9,24 17,18F.P.A.Milano AssicurazioniOBRComp.MilanoBond mmmmm nnnnn 31.01 3,10 18,46 11,55 18,19OBRComp.MilanoBond A mmmmm nnnnn 31.01 3,52 18,46 12,90 20,58OBRComp.MilanoBond B mmmmm nnnnn 31.01 3,56 18,46 13,03 20,84AZ Comp.MilanoEuropa mmmmm nnnnn 31.01 8,74 2,27 16,21 57,18AZ Co.MilanoEuropa A mmmmm nnnnn 31.01 9,42 2,27 18,40 62,31AZ Co.MilanoEuropa B mmmmm nnnnn 31.01 9,48 2,27 18,58 62,70BORComp.MilanoGestito mmmmm nnnnn 31.01 4,54 15,99 11,29 21,18BORCo.MilanoGestito A mmmmm nnnnn 31.01 5,02 15,99 12,80 23,94BORCo.MilanoGestito B mmmmm nnnnn 31.01 5,06 15,99 12,93 24,17AZ Comp.MilanoGlobal mmmmm nnnnn 31.01 9,83 25,25 18,77 64,20AZ Co.MilanoGlobal A mmmmm nnnnn 31.01 10,52 25,25 21,03 69,47AZ Co.MilanoGlobal B mmmmm nnnnn 31.01 10,57 25,25 21,18 70,14BB Comp.MilanoMix mmmmm nnnnn 31.01 7,02 11,68 16,87 38,67BB Comp.MilanoMix A mmmmm nnnnn 31.01 7,52 11,68 18,49 41,94BB Comp.MilanoMix B mmmmm nnnnn 31.01 7,58 11,68 18,69 42,32FL Co.MilanoPrem. TFR mmmmm nnnnn 31.01 3,98 — 10,91 21,76F.P.A.SaiOBRComp.Previ-Bond mmmmm nnnnn 31.01 3,17 18,46 11,82 18,50BORComp.Previ-Capital mmmmm nnnnn 31.01 3,76 7,82 7,43 13,37AZ Comp.Previ-Europa mmmmm nnnnn 31.01 8,60 2,27 12,11 43,53BORComp.Previ-Gest mmmmm nnnnn 31.01 4,34 15,99 10,27 17,64AZ Comp.Previ-Global mmmmm nnnnn 31.01 10,24 25,25 18,43 62,32BB Comp.Previ-Mix mmmmm nnnnn 31.01 8,66 11,68 14,62 34,88F.P.A.Unipol InsiemeBOCComp.Crescita mmmmm nnnnn 26.02 6,55 23,97 17,89 36,46BORComp.Protez.Etica mmmmm nnnnn 26.02 5,06 12,59 11,39 18,09BB Comp.Sviluppo mmmmm nnnnn 26.02 11,26 24,47 20,78 54,57AZ Comp.Valore mmmmm nnnnn 26.02 15,38 26,91 22,64 76,20F.P.A.Unipol PrevidenzaOBRComp.A:Ob.garanzia mmmmm nnnnn 25.02 3,71 20,04 16,03 20,59BORCo.B:Ob.mistagar. mmmmm nnnnn 25.02 6,07 18,87 15,14 26,67BO Comp.C:Obbl.mista mmmmm nnnnn 25.02 7,64 20,80 16,12 36,50BB Comp.D:Bilanciata mmmmm nnnnn 25.02 11,30 22,30 16,88 51,68

VITTORIAFORMULA LAVOROAZ Previd. Capitalizz. mmmmm nnnnn 31.01 10,92 23,66 14,43 46,00BB Previd. Equilibrata mmmmm nnnnn 31.01 8,70 21,45 16,53 35,77BORPrevidenzaGarantita mmmmm nnnnn 31.01 6,27 19,79 15,52 24,36

ZEDOMNIFUNDAZ Azionaria mmmmm nnnnn 31.01 8,90 18,99 10,35 44,02BO Bilanciata30 mmmmm nnnnn 31.01 4,49 15,85 10,89 23,76BA Bilanciata65 mmmmm nnnnn 31.01 8,42 20,13 13,62 39,07OBRGarantita mmmmm nnnnn 31.01 2,74 13,21 8,00 8,89OB Obbligazionaria mmmmm nnnnn 31.01 1,90 14,14 8,85 12,22

ZURICH CONTRIBUTIONOB LineaConservativa mmmmm nnnnn 31.01 1,52 14,14 8,06 10,69BA LineaDinamica mmmmm nnnnn 31.01 9,30 20,13 17,14 43,51OBRLineaGarantita mmmmm nnnnn 31.01 3,55 13,21 11,13 12,88





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




fondi chiusi immobiliari a cura di

LEGENDA(1)Ultimo Navannualedisponibile (30/06/2013), rettificatopereventuali dividendierimborsidistribuiti. (2) rapportotraprezzodi mercatoeNav.(3)Canoni/Valore immobili: ècalcolatorapportandol'ultimo datodiffusosuicanoni annuie ilvaloredegli immobili implicitoneiprezzi diborsa. (4)Div.12m/prezzo:calcolatorapportandoildivideno cumulato negliultimi 12 mesi rispettoall'ultimoprezzodisponibile.Eventualidistribuzioni dicapitale nonsonostatecomputate,se debitamentecomunicate edettagliate.Diversi fondihannodistribuito plusvalenzemonetizzatederivantidalla cessionedi immobiliealcunihanno postoinpagamento 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 rendimentiaunasettimanae2013: scostamentidei prezzidi borsatenutoconto dieventualidividendi distribuiti.

nomefondoe scadenza prezzo nav sconto canoni/ div12m/ controv rendim rendim rendim data rendim(1) (2) valore prezzo settim annuo annuo 1sett 2013 scadenza annuo

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

Atlantic1 (12/2016) 302,80 497,704 -39,2 +9,9 +5,0 4379709 +0,96 +5,92 +0,20 +22,77 12-2019 +19,2Atlantic2 (12/2015) 219,00 344,259 -36,4 +8,4 +3,7 52271 +8,89 +11,39 +2,82 +17,48 12-2018 +28,2EstenseG.D. (12/2016) 912,00 1111,335 -17,9 +20,8 +18,0 183990 +3,68 +4,28 +5,92 +2,07 12-2016 +7,2Europa Imm. 1(12/2017) 649,50 1575,018 -58,8 +15,2 — 86464 -10,66 -2,65 +0,62 +27,98 12-2017 +26,1FondoAlpha(06/2019) 1389,00 3723,553 -62,7 +34,8 — 578348 +2,90 +8,37 +22,70 +45,90 12-2030 +6,2FondoBeta(02/2015) 387,40 531,500 -27,1 +22,7 — 22798 +8,29 +9,50 +6,43 +19,75 12-2015 +37,2FondoDelta(12/2014) 38,46 98,757 -61,1 +12,7 — 521775 -12,46 -0,17 +2,02 +17,79 12-2017 +156,8Imm. dinamico (12/2020) 91,80 221,395 -58,5 +11,6 — 399844 -8,78 -0,16 +1,83 +21,83 12-2023 +13,8Immobilium 2001(12/2017) 2100,00 4231,988 -50,4 +7,4 — 75438 -1,75 +2,53 +7,47 +31,50 12-2020 +20,1InvestRealSec. (12/2016) 1059,00 2120,299 -50,1 +8,6 — 49923 -5,80 +0,13 +9,40 +14,86 12-2016 +27,9Investietico(12/2015) 1821,00 2608,701 -30,2 +9,6 +8,2 253704 +2,18 +4,36 +3,23 +10,56 12-2018 +21,8Med.RE -A(12/2021) 3,73 5,756 -35,2 +10,5 — 40463 -3,57 +1,76 +2,19 +6,51 12-2027 +5,7Med.RE -B(12/2021) 3,02 4,218 -28,4 +10,5 +6,2 248913 -1,71 +1,75 -0,13 -5,27 12-2027 +4,4Obelisco(12/2015) 769,00 1792,224 -57,1 +9,6 — 25100 -11,63 -2,39 +11,45 +26,07 12-2018 +59,1Olinda(12/2014) 168,00 374,060 -55,1 +10,8 — 735458 -1,08 +4,66 +17,89 +57,89 12-2014 +122,7Polis (12/2015) 885,00 1866,556 -52,6 +11,4 — 283113 -1,79 +2,45 +6,76 +20,33 12-2018 +50,6PortfolioImm. (12/2016) 948,00 1321,402 -28,3 +10,6 — 238963 -0,92 +0,50 +5,33 +5,51 12-2016 +12,5RE Europa (12/2016) 1107,00 2094,544 -47,1 +11,3 +7,9 436679 -2,80 +1,21 +4,63 +21,65 12-2019 +25,3RE Italia (12/2016) 1170,00 2211,751 -47,1 +10,2 +11,1 244565 +0,72 +3,89 +3,45 +13,26 12-2019 +25,3Risp. Imm.1 Energia (12/2018) 7350,00 6866,524 +7,0 +9,2 — — -1,70 -2,50 +3,52 +5,00 12-2021 -1,4Securfondo (12/2017) 1443,00 2174,854 -33,7 +8,3 +3,0 183548 +3,28 +4,91 +2,34 +14,98 12-2017 +11,3Socrate(12/2017) 360,00 514,305 -30,0 +21,0 — 22912 -2,97 +1,88 +3,75 — 12-2023 +9,8Tecla(12/2014) 221,00 317,900 -30,5 +9,1 — 124444 +10,48 +12,31 +16,93 +39,17 12-2014 +43,8UnicreditoImm.1 (12/2017) 1832,00 2878,885 -36,4 +13,1 — 1658346 +0,89 +3,48 -0,16 +10,36 12-2020 +12,5ValoreImm. glob. (12/2019) 1521,00 3292,685 -53,8 +17,9 — 166268 -0,75 +2,00 -0,46 +1,40 12-2022 +14,2(Noriskprestaoccasionalmenteeautonomamenteattivitàdi consulenzaafavoredegliemittentidegli strumenti finanziarioggettodi analisi)


EXCHANGE TRADED FUND a cura di

AZIONARIOemergentedbX-Trackers Msci EmEmea Index Ucits Etf(LU0292109005)[SinteticaFunded:con Swap(100%)(collaterale113,41%)] mmmmm 0,65 0,61 189.350 -12,90dbX-Trackers Msci EmLatam Index Ucits Etf(LU0292108619)[SinteticaFunded:con Swap(100%)(collaterale117,07%)] mmmmm 0,65 0,38 174.044 -25,56dbX-Trackers Msci IndonesiaTrn IndexUcits Etf (LU0476289623)[SinteticaFunded:con Swap(100%)(collaterale121,49%)] mmmmm 0,65 0,75 169.557 -25,02Lyxor EtfMalaysia (FR0010397554)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,51 168.606 2,81dbX-Trackers Msci KoreaTrn IndexUcits Etf (LU0292100046)[SinteticaFunded:con Swap(100%)(collaterale121,5%)] mmmmm 0,65 0,44 160.509 -4,95iShares MsciEm LatinAmerica (IE00B27YCK28)[FisicaaCampione:prestito titoli(0,22%) ecollaterale (102,5%-112%)] mmmmm 0,74 0,40 159.993 -25,35iShares MsciEastern Europe Capped Ucits Etf(IE00B0M63953)[FisicaaCampione:prestito titoli(9,06%) e collaterale (102,5%-112%)] mmmmm 0,74 0,61 135.757 -13,09Amundi EtfMsciPacific Ex JapanUcits Etf(FR0010713669)[SinteticaUnfunded:basketsostitutivo (100,06%)Swap (-0,06%)] mmmmm 0,45 0,21 135.735 -4,61iShares MsciKoreaUcits Etf (IE00B5W4TY14)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,60 131.682 -5,19dbX-Trackers Msci Pacific ExJapan TrnIndex Ucits Etf(LU0322252338)[SinteticaFunded:con Swap(100%)(collaterale121,41%)] mmmmm 0,45 0,31 127.356 -5,17Amundi EtfMsciEm Latin AmericaUcits Etf- Eur (FR0011020973)[SinteticaUnfunded:basketsostitutivo (99,16%)Swap (0,84%)] mmmmm 0,45 0,55 114.197 -25,40Lyxor EtfPan Africa (FR0010636464)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,85 0,65 114.180 -7,50dbX-Trackers Msci MalaysiaTrn IndexUcits Etf- 1C(LU0514694370)[SinteticaFunded:con Swap(100%)(collaterale121,45%)] mmmmm 0,50 0,58 114.015 3,07Lyxor EtfMsciEm Latin AmericaEur (FR0010410266)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,46 103.784 -25,45Lyxor EtfSouthAfrica Ftse JseTop 40 Eur (FR0010464446)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,39 102.067 -1,31Ubs-EtfMsci Pacific Ex.Japan (LU0446734526)[FisicaCompleta:prestito titoli(5,87%) ecollaterale (105,84%)] mmmmm 0,30 0,42 99.739 -5,29iShares MsciEmerging MarketsUcits Etf (Acc)(IE00B4L5YC18)[FisicaaCampione:prestito titoli(1,35%)e collaterale (102,5%-112%)] mmmmm 0,75 0,41 98.044 -11,67dbX-Trackers S&P/Asx 200 Ucits Etf (LU0328474803)[SinteticaFunded:con Swap(100%)(collaterale109,25%)] mmmmm 0,50 0,31 95.852 -6,55Spdr S&PEmerging MarketsDividend Ucits Etf (IE00B6YX5B26)[FisicaCompleta] mmmmm 0,65 0,53 95.760 -20,65iShares MsciMexico CappedUcits Etf (IE00B5WHFQ43)[SinteticaFunded:Nonpresente] mmmmm 0,65 0,61 95.238 -16,03dbX-Trackers Msci Thailand TrnIndex Ucits Etf- 1C (LU0514694701)[SinteticaFunded:con Swap(100%)(collaterale121,44%)] mmmmm 0,50 0,74 93.444 -21,56Lyxor EtfThailand (FR0011067529)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,80 92.409 -18,84dbX-Trackers Cnx Nifty Ucits Etf(LU0292109690)[SinteticaFunded:con Swap(100%)(collaterale121,64%)] mmmmm 0,85 0,39 88.211 -6,12Amundi EtfMsciEastern Europe ExRussia Ucits Etf- Eur (FR0010717074)[SinteticaUnfunded:basketsostitutivo (99,71%)Swap (0,29%)] mmmmm 0,45 0,31 79.755 2,24iShares MsciEmerging MarketsUcits Etf Lux (LU0254097446)[SinteticaFunded:Nonpresente] mmmmm 0,70 0,31 72.476 -10,85Lyxor EtfMsci Indonesia (FR0011067511)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,55 0,97 64.253 -24,99dbX-Trackers Hsi Short Daily Index Ucits Etf (LU0429790313)[SinteticaFunded:con Swap(100%)(collaterale114,27%)] mmmmm 0,75 0,55 57.953 -13,35dbX-Trackers S&P Select Frontier Ucits Etf(LU0328476410)[SinteticaFunded:con Swap(100%)(collaterale113,14%)] mmmmm 0,95 0,58 56.195 12,83iShares MsciAustralia - B Ucits Etf (IE00B5V70487)[SinteticaFunded:Nonpresente] mmmmm 0,50 0,33 55.048 -6,61Lyxor EtfAustralia S&PAsx 200-A (LU0496786905)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,36 54.103 -6,65iShares EmergingMarket Infrastructure Ucits Etf(IE00B2NPL135)[FisicaCompleta] mmmmm 0,74 0,63 49.807 -10,89dbX-Trackers Msci ChileTrn IndexUcits Etf(LU0592217797)[SinteticaFunded:con Swap(100%)(collaterale115,62%)] mmmmm 0,65 0,81 43.999 -35,27PowersharesMiddle EastNorth Africa Nasdaq Fund(IE00B3BPCJ75)[SinteticaUnfunded:basketsostitutivo (0%)Swap (3%)] mmmmm 0,75 1,15 41.586 30,80iamEtf EmergingMarkets MinimumVariance Eur (LU0705291903)[SinteticaUnfunded:basketsostitutivo (99,82%)Swap (-0,1%)] mmmmm 0,75 0,58 37.551 -2,31Lyxor EtfTaiwan(FR0010444786)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,51 35.902 0,73europadbX-Trackers Shortdax X2Daily Ucits Etf(LU0411075020)[SinteticaFunded:con Swap(100%)(collaterale116,74%)] mmmmm 0,60 0,15 186.178 -40,33iShares EuroStoxx 50 - B Ucits Etf Acc(IE00B53L3W79)[SinteticaFunded:Nonpresente] mmmmm 0,20 0,18 181.054 23,69Amundi EtfMsciEurope Ucits Etf(FR0010655696)[SinteticaUnfunded:basketsostitutivo (99,92%) Swap(0,08%)] mmmmm 0,28 0,12 174.276 18,99Lyxor EtfFtse 100/France (FR0010438127)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,22 169.959 16,53Amundi EtfLeveragedEuro Stoxx 50 Daily Ucits Etf(FR0010756072)[SinteticaUnfunded:basketsostitutivo (100,37%) Swap(-0,37%)] mmmmm 0,30 0,15 168.965 46,30iShares Ftse 100Ucits EtfAcc(IE00B53HP851)[SinteticaFunded:Nonpresente] mmmmm 0,33 0,31 164.914 16,63

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

stelle anno % 30ggÀ %


EXCHANGE TRADED FUND

Amundi EtfMsciEmu Ucits Etf (FR0010655688)[SinteticaUnfunded:basketsostitutivo (99,97%) Swap(0,03%)] mmmmm 0,25 0,10 162.031 23,98iShares MsciEurope Ex-Uk Ucits Etf (IE00B14X4N27)[FisicaCompleta:prestito titoli(6,21%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,20 155.631 20,04iShares MsciEmu Small CapUcits Etf(IE00B3VWMM18)[SinteticaFunded:Nonpresente] mmmmm 0,58 0,39 155.213 35,02Lyxor EtfStoxx Europe 600Media (FR0010344929)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,34 152.156 33,12iShares EuroTotal MarketGrowth Large Ucits Etf(IE00B0M62V02)[FisicaCompleta:prestito titoli(3,5%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,21 149.164 13,64Spdr Etfs- Spdr Msci Europe Financials Etf(FR0000001703)[FisicaCompleta:prestito titoli(6,03%) e collaterale (105,64%)] mmmmm 0,30 0,30 144.411 24,63Lyxor Ucits EtfMsciEmu (FR0007085501)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,35 0,27 124.850 23,89Spdr MsciEurope Health Care Etf(FR0000001737)[FisicaCompleta:prestito titoli(6,15%)e collaterale (105,05%)] mmmmm 0,30 0,56 121.532 24,46BoostEuro Stoxx 50 3X Short Daily Etp(IE00B8JF9153)[SinteticaFunded:Nonpresente] mmmmm 0,80 1,29 116.095 -iShares MsciEurope Ucits Etf Acc(IE00B4K48X80)[FisicaCompleta:prestito titoli(1,66%) ecollaterale (102,5%-112%)] mmmmm 0,33 0,33 114.613 18,63Ubs-EtfEuro Stoxx 50 (LU0136234068)[FisicaCompleta:prestito titoli(14,31%) ecollaterale (104,79%)] mmmmm 0,15 0,35 111.494 23,82Lyxor EtfStoxx Europe 600Technology (FR0010344796)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,14 111.100 17,00iShares European PropertyYield Ucits Etf(IE00B0M63284)[FisicaCompleta:prestito titoli(4,19%) e collaterale(102,5%-112%)] mmmmm 0,40 0,33 111.084 10,39BoostEuro Stoxx 50 3X LeverageDaily Etp(IE00B7SD4R47)[SinteticaFunded:Nonpresente] mmmmm 0,80 0,38 110.086 -dbX-Trackers Euro Stoxx 50 Double Short Daily Ucits Etf (LU0417510616)[SinteticaFunded:con Swap(100%)(collaterale118,53%)] mmmmm 0,50 0,39 108.871 -40,64iShares UkDividend Ucits Etf(IE00B0M63060)[FisicaCompleta:prestito titoli(5,78%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,29 107.235 22,63Lyxor EtfStoxx Europe 600Financial Services (FR0010345363)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,30 106.258 27,60dbX-Trackers Cac 40 Ucits Etf(LU0322250985)[FisicaCompleta:prestito titoli(3,36%) e collaterale(109,18%)] mmmmm 0,20 0,10 105.265 21,47Spdr Etfs- Spdr Msci Europe Etf(FR0000001885)[FisicaCompleta:prestito titoli(10,02%)e collaterale (105,03%)] mmmmm 0,30 0,31 91.507 18,88Amundi EtfMsciGermany Ucits Etf(FR0010655712)[SinteticaUnfunded:basketsostitutivo (100,04%) Swap(-0,04%)] mmmmm 0,25 0,07 90.970 24,35dbX-Trackers - Euro Stoxx Select Dividend30 Ucits Etf(LU0292095535)[SinteticaFunded:con Swap(100%)(collaterale108,79%)] mmmmm 0,30 0,24 87.884 26,78Amundi EtfLeveragedMsci Europe Daily Ucits Etf(FR0010756080)[SinteticaUnfunded:basketsostitutivo (99,84%)Swap (0,16%)] mmmmm 0,35 0,28 87.394 38,48dbX-Trackers Ftse 100Short Daily Ucits Etf (LU0328473581)[SinteticaFunded:con Swap(100%)(collaterale116,92%)] mmmmm 0,50 0,28 86.738 -7,32Lyxor EtfMsciEmu Small Caps (FR0010168773)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,79 85.616 35,45Amundi EtfCac 40Ucits Etf C (FR0007080973)[FisicaCompleta:prestito titoli(max 25%)e collaterale ] mmmmm 0,25 0,14 82.283 22,38Amundi EtfMsciEurope Banks Ucits Etf (FR0010688176)[SinteticaUnfunded:basketsostitutivo (100,07%)Swap (-0,07%)] mmmmm 0,25 0,18 81.192 20,87dbX-Trackers Stoxx Europe 600 Food & Beverage Ucits Etf (LU0292105359)[SinteticaFunded:con Swap(100%)(collaterale109,31%)] mmmmm 0,30 0,27 80.011 2,39dbX-Trackers - Dj Stoxx Europe 600Telecommunications Ucits Etf (LU0292104030)[SinteticaFunded:con Swap(100%)(collaterale110,13%)] mmmmm 0,30 0,20 78.410 38,13iShares EuroTotal MarketValue Large Ucits Etf(IE00B0M62T89)[FisicaCompleta:prestito titoli(4,27%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,24 77.976 32,63PowersharesFtse Rafi Europe Small-Mid Fund(IE00B23D8Y98)[FisicaCompleta] mmmmm 0,50 0,48 75.998 30,32Amundi EtfEuro StoxxSmall Cap Ucits Etf(FR0010900076)[SinteticaUnfunded:basketsostitutivo (99,87%) Swap(0,13%)] mmmmm 0,30 0,34 72.511 29,10Amundi EtfShort Euro Stoxx50 Daily Ucits Etf(FR0010757781)[SinteticaUnfunded:basketsostitutivo (99,36%) Swap(0,64%)] mmmmm 0,30 0,13 70.301 -21,92Amundi EtfS&PEurope 350 Ucits Etf(IE0031091428)[FisicaCompleta:prestito titoli(max 25%)e collaterale ] mmmmm 0,35 0,31 65.086 19,20dbX-Trackers Stoxx Europe 600 Banks ShortDaily Ucits Etf(LU0322249037)[SinteticaFunded:con Swap(100%)(collaterale114,24%)] mmmmm 0,50 0,20 59.064 -22,62Lyxor EtfStoxx Europe 600Construction & Materials (FR0010345504)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,25 57.033 28,61dbX-Trackers - Stoxx Europe 600 HealthCare Etf(LU0292103222)[SinteticaFunded:con Swap(100%)(collaterale109,44%)] mmmmm 0,30 0,30 55.491 22,77Lyxor EtfStoxx Europe 600Insurance (FR0010344903)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,25 54.044 33,91PowersharesFtse Rafi Italy 30 (IE00B23LNP94)[FisicaCompleta] mmmmm 0,50 0,42 53.950 44,76Lyxor EtfStoxx Europe 600Food & Beverage (FR0010344861)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,33 49.740 2,19UbsEtfsPlc - Ftse 100ucits ETF (IE00B3X0KQ36)[Sintetica(collaterale105%)] mmmmm 0,30 0,37 48.832 16,12dbX-Trackers Msci Europe Mid CapTrnIndex Ucits Etf (LU0322253732)[SinteticaFunded:con Swap(100%)(collaterale109,16%)] mmmmm 0,40 0,23 48.482 24,74Amundi EtfS&PEuro Ucits Etf (IE0031091642)[FisicaCompleta:prestito titoli(max 25%)e collaterale ] mmmmm 0,35 0,36 47.262 24,08iamEtf Europe MinimumVariance Nr(LU0599612842)





[SinteticaUnfunded:basketsostitutivo (98,58%) Swap(1,37%)] mmmmm 0,65 0,21 45.039 17,82Amundi EtfMsciUk Ucits Etf(FR0010655761)[SinteticaUnfunded:basketsostitutivo (99,75%)Swap (0,25%)] mmmmm 0,25 0,22 44.660 15,98Lyxor EtfStoxx Europe 600Travel & Leisure (FR0010344838)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,35 43.438 28,71dbX-Trackers - Dj Stoxx Europe 600Technology Ucits Etf(LU0292104469)[SinteticaFunded:con Swap(100%)(collaterale108,79%)] mmmmm 0,30 0,16 43.003 16,68Amundi EtfMsciEurope Telecom ServicesUcits Etf(FR0010713735)[SinteticaUnfunded:basketsostitutivo (99,78%) Swap(0,22%)] mmmmm 0,25 0,29 41.974 38,37iShares UkProperty Ucits Etf(IE00B1TXLS18)[FisicaCompleta:prestito titoli(2,33%) e collaterale (102,5%-112%)] mmmmm 0,40 0,47 41.890 36,95dbX-Trackers Stoxx Europe 600 & Gas Short Daily Ucits Etf (LU0322249623)[SinteticaFunded:con Swap(100%)(collaterale118,62%)] mmmmm 0,50 0,62 40.638 -12,18iShares MsciEurope - B Ucits Etf (IE00B53QFR17)[SinteticaFunded:Nonpresente] mmmmm 0,33 0,33 35.300 18,99giapponeiShares MsciJapan Small CapUcits Etf(IE00B3VWMK93)[SinteticaFunded:Nonpresente] mmmmm 0,58 0,57 167.738 7,19Ubs-EtfMsci Japan(LU0136240974)[FisicaCompleta:prestito titoli(11,19%) ecollaterale (105,2%)] mmmmm 0,35 0,20 120.216 7,78Rbs MarketAccess TopixHedged Index Etf(LU0562666403)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale99,17%)] mmmmm 0,50 1,05 117.676 22,68iShares MsciJapan LargeCap Ucits Etf(IE00B3VWM213)[SinteticaFunded:Nonpresente] mmmmm 0,48 0,43 90.452 7,37iShares Nikkei 225Ucits Etf(IE00B52MJD48)[SinteticaFunded:Nonpresente] mmmmm 0,48 0,33 71.687 11,76iShares MsciJapan Ucits EtfAcc(IE00B4L5YX21)[FisicaaCampione] mmmmm 0,59 0,27 61.191 7,60globaleLyxor EtfMsciWorld HealthCare Tr (LU0533033238)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,59 199.917 27,57Lyxor EtfMsciWorld MaterialsTr (LU0533033824)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,60 156.607 3,35Lyxor EtfMsciWorld Consumer DiscretionaryTr (LU0533032008)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 1,14 151.004 22,68Rbs MarketAccess Nyse Arca Gold Bugs Index Etf(LU0259322260)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale100,28%)] mmmmm 0,70 1,30 135.128 -32,58dbX-Trackers Msci WorldHealth Care TrnIndex Ucits Etf(LU0540980223)[SinteticaFunded:con Swap(100%)(collaterale114,19%)] mmmmm 0,45 0,46 97.885 27,91Lyxor EtfMsciWorld Telecommunication ServicesTr (LU0533034129)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 1,73 81.629 18,03dbX-Trackers Lpx Mm PrivateEquity Ucits Etf(LU0322250712)[SinteticaFunded:con Swap(100%)(collaterale113,41%)] mmmmm 0,70 0,44 72.321 22,60iShares GlobalWater Ucits Etf(IE00B1TXK627)[FisicaCompleta:prestito titoli(7,58%) ecollaterale (102,5%-112%)] mmmmm 0,65 0,45 65.970 17,97Lyxor EtfWorldWater/France (FR0010527275)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,65 57.781 19,00iShares GlobalCleanEnergy Ucits Etf(IE00B1XNHC34)[FisicaCompleta:prestito titoli(17,54%) ecollaterale (102,5%-112%)] mmmmm 0,65 0,55 56.525 53,47dbX-Trackers S&P GlobalInfrastructure Ucits Etf(LU0322253229)[SinteticaFunded:con Swap(100%)(collaterale113,04%)] mmmmm 0,60 0,38 55.940 9,29Lyxor EtfMsciAll Country WorldEtf (FR0011079466)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,62 55.434 12,22PowersharesGlobalClean EnergyFund (IE00B23D9133)[FisicaCompleta] mmmmm 0,75 0,49 47.707 56,47Lyxor EtfFtse Epra/Nareit GlobalDevelopedD-Eur (FR0010833574)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 1,02 46.693 -1,68Lyxor EtfDj GlobalTitans 50 (FR0007075494)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,76 45.914 10,22dbX-Trackers Msci WorldConsumer Discretionary TrnIndex Ucits Etf(LU0540979720)[SinteticaFunded:con Swap(100%)(collaterale114,33%)] mmmmm 0,45 0,57 44.990 23,98dbX-Trackers Msci WorldInformation Technology TrnIndex Ucits Etf(LU0540980496)[SinteticaFunded:con Swap(100%)(collaterale116,08%)] mmmmm 0,45 0,70 44.234 21,61UbsEtfsPlc - MsciAcwi Risk WeightedSfUCITS ETF (IE00B6VS8T94)[Sintetica(collaterale105%)] mmmmm 1,10 0,50 41.790 4,63Lyxor New Energy(FR0010524777)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,61 37.674 22,51nord americaLyxor Ucits EtfMsciUsa Euro (FR0010296061)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,35 0,12 186.373 19,04iShares Us PropertyYield Ucits Etf (IE00B1FZSF77)[FisicaCompleta] mmmmm 0,40 0,51 166.810 0,43ETFS Russell2000 US Small CapGO UCITS ETF (IE00B3CNHJ55)[SinteticaUnfunded:basketsostitutivo (104%)Swap (100%)] mmmmm 0,45 0,55 166.042 26,40iShares Nasdaq100 Ucits Etf(IE00B53SZB19)[SinteticaFunded:Nonpresente] mmmmm 0,33 0,19 134.817 29,45Spdr S&P500 Ucits Etf(IE00B6YX5C33)[FisicaCompleta] mmmmm 0,15 0,15 131.908 18,70iShares MsciCanada - B Ucits Etf(IE00B52SF786)[SinteticaFunded:Nonpresente] mmmmm 0,48 0,45 128.450 1,06Amundi EtfNasdaq-100 Ucits Etf (FR0010892216)[SinteticaUnfunded:basketsostitutivo (100,38%)Swap (-0,38%)] mmmmm 0,23 0,10 127.159 29,40Lyxor EtfS&P500 CappedFinancials (FR0011192723)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 0,38 123.193 19,00PowersharesFtse Rafi Us 1000 Fund(IE00B23D8S39)





[FisicaCompleta] mmmmm 0,39 0,54 116.559 19,16Amundi EtfS&P500Hedged Daily Ucits Etf(FR0011133644)[SinteticaUnfunded:basketsostitutivo (100,68%)Swap (-0,68%)] mmmmm 0,28 0,10 114.558 24,54Lyxor EtfCanada S&PTsx 60-A (LU0496786731)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,62 104.313 0,58dbX-Trackers S&P 500Ucits Etf - 1C(LU0490618542)[SinteticaFunded:con Swap(100%)(collaterale108,34%)] mmmmm 0,20 0,13 101.668 18,52iShares MsciUsa- B Ucits Etf(IE00B52SFT06)[SinteticaFunded:Nonpresente] mmmmm 0,33 0,26 98.202 18,94dbX-Trackers S&P 500Euro Hedged Index Ucits Etf(LU0490619193)[SinteticaUnfunded:basketsostitutivo (108,34%)Swap (-8,34%)] mmmmm 0,30 0,13 97.386 24,30iShares MsciUsaLarge Cap Ucits Etf(IE00B3VWLJ14)[SinteticaFunded:Nonpresente] mmmmm 0,33 0,42 75.548 18,34Amundi EtfLeveragedMsci UsaDaily Ucits Etf- Usd(FR0010755611)[SinteticaUnfunded:basketsostitutivo (101,65%) Swap(-1,65%)] mmmmm 0,35 0,22 69.901 38,56iShares MsciUsaSmall CapUcits Etf(IE00B3VWM098)[SinteticaFunded:Nonpresente] mmmmm 0,43 0,46 63.370 25,80Lyxor Ucits EtfS&P500 Daily Hedged D-Eur (LU0959211243)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,15 0,14 53.659 -iShares DowJones Industrial Averagesm Ucits Etf(IE00B53L4350)[SinteticaFunded:Nonpresente] mmmmm 0,33 0,15 52.767 12,17Amundi EtfShort MsciUsa Daily Ucits Etf(FR0010791194)[SinteticaUnfunded:basketsostitutivo (98,69%) Swap(1,31%)] mmmmm 0,35 0,28 51.254 -18,35Amundi EtfMsciUsa Ucits Etf(FR0010688275)[SinteticaUnfunded:basketsostitutivo (100,76%) Swap(-0,76%)] mmmmm 0,28 0,10 40.695 18,87iamEtf Us MinimumVarianceNr Eur (LU0599612685)[SinteticaUnfunded:basketsostitutivo (100,54%)Swap (-0,61%)] mmmmm 0,65 0,40 36.627 11,87OBBLIGAZIONARIOaggregatoiShares EuroAggregate Bond Ucits Etf(IE00B3DKXQ41)[FisicaaCampione] mmmmm 0,25 0,11 88.749 4,53cdsdbX-Trackers Ii Itraxx CrossoverShort Daily Ucits Etf(LU0321462870)[SinteticaUnfunded:basketsostitutivo (102,44%) Swap(-2,44%)] mmmmm 0,24 0,15 113.197 -16,49debitoalto rendimentoSpdr BarclaysEuro HighYield Bond Ucits Etf(IE00B6YX5M31)[FisicaaCampione] mmmmm 0,45 0,24 104.411 9,84debitogovernativoLyxor EtfEuromts 15+YInvestment Grade - Eur(FR0010481093)[FisicaCompleta] mmmmm 0,17 0,10 201.449 8,50dbX-Trackers Ii Mts Ex-BankItaly Btp Ucits Etf(LU0613540185)[SinteticaUnfunded:basketsostitutivo (99,43%)Swap (0,57%)] mmmmm 0,20 0,23 197.842 11,83Lyxor Etf Iboxx $ Treasuries 1-3Y (FR0010960955)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,06 179.408 -4,99Amundi EtfGovt Bond Euromts Broad Investment Grade 1-3Ucits Etf(C) (FR0010754135)[SinteticaUnfunded:basketsostitutivo (100,61%) Swap(-0,61%)] mmmmm 0,14 0,08 165.741 2,21Lyxor EtfMts Btp 1-3Y Italy Government Bond (FR0011313741)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,06 159.653 5,18iShares UsdGovernment Bond 3-7Ucits Etf(IE00B3VWN393)[SinteticaFunded:Nonpresente] mmmmm 0,23 0,14 155.747 -6,27iShares Italy GovernmentBond Ucits Etf(IE00B7LW6Y90)[FisicaaCampione] mmmmm 0,20 0,08 141.690 12,58Lyxor EtfEuromts 10-15YInvestment Grade - Eur (FR0010037242)[FisicaCompleta] mmmmm 0,17 0,10 113.414 9,91Lyxor EtfDaily Leveraged Btp (FR0011023639)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,10 108.294 35,87dbX-Trackers Ii Iboxx SovereignsEurozone 3-5 Ucits Etf (LU0290356954)[SinteticaUnfunded:basketsostitutivo (99,89%) Swap(0,11%)] mmmmm 0,15 0,09 107.298 4,04iShares EuroGovernment Bond 3-7Ucits Etf(IE00B3VTML14)[SinteticaFunded:Nonpresente] mmmmm 0,23 0,09 103.965 4,86iShares UkGiltsUcits Etf(IE00B1FZSB30)[FisicaaCampione:prestito titoli(10,13%)e collaterale (102,5%-112%)] mmmmm 0,20 0,16 97.099 3,41iShares EuroGovernment Bond Ucits Etf (IE00B4WXJJ64)[FisicaaCampione] mmmmm 0,20 0,09 84.597 5,41Lyxor EtfDaily Leveraged Bund(FR0011023654)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,08 79.790 4,43Amundi EtfGovt Bond Euromts Broad Investment Grade Ucits Etf(C) (FR0010754192)[SinteticaUnfunded:basketsostitutivo (100,51%)Swap (-0,51%)] mmmmm 0,14 0,10 78.773 5,66dbX-Trackers Ii Global SovereignUcits Etf-Eur (LU0378818131)[SinteticaUnfunded:basketsostitutivo (98,04%) Swap(1,96%)] mmmmm 0,25 0,35 78.561 1,27dbX-Trackers Ii Iboxx SovereignsEurozone 5-7 Ucits Etf(LU0290357176)[SinteticaUnfunded:basketsostitutivo (99,77%)Swap (0,23%)] mmmmm 0,15 0,11 61.441 6,27Lyxor EtfEuromts Highest RatedMacro-Weighted Govt Bond (FR0010820258)[FisicaCompleta] mmmmm 0,17 0,09 57.384 1,27dbX-Trackers Ii Iboxx SovereignsEurozone Ucits Etf(LU0290355717)[SinteticaUnfunded:basketsostitutivo (100,13%) Swap(-0,13%)] mmmmm 0,15 0,08 56.524 5,52DbX-Trackers Ii Markit Iboxx Japan SovereignUcits Etf (LU0952581584)[SinteticaUnfunded:basketsostitutivo (103,87%) Swap(-3,87%)] mmmmm 0,15 0,50 52.819 -iShares EuroGovernment Bond 1-3Ucits Etf(IE00B3VTMJ91)[SinteticaFunded:Nonpresente] mmmmm 0,20 0,15 51.530 1,92iShares EuroGovernment Bond 15-30YrUcits Etf(IE00B1FZS913)[FisicaaCampione:prestito titoli(4,54%) ecollaterale (102,5%-112%)] mmmmm 0,20 0,15 43.148 8,99Lyxor Ucits EtfBtp 10Y - Mts Italy GovernmentBond (FR0011548106)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,05 42.036 -Lyxor EtfEuromts Highest RatedMacro-Weighted Govt Bond 3-5Y (FR0011146349)





[FisicaCompleta] mmmmm 0,17 0,09 40.945 1,07debitosocietarioiShares EuroCovered Bond Ucit Etf(IE00B3B8Q275)[FisicaaCampione] mmmmm 0,20 0,10 130.735 4,03Spdr BarclaysEuro Corporate Bond Ucits Etf (IE00B3T9LM79)[FisicaaCampione] mmmmm 0,20 0,32 116.349 4,30Lyxor EtfEuro Corporate Bond Ex Financials (FR0010814236)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 0,12 78.744 3,43IsharesEuro Corporate Bond Interest Rate Hedged Ucits Etf(IE00B6X2VY59)[SinteticaFunded:Nonpresente] mmmmm 0,25 0,15 74.632 -IsharesEuro Ultrashort Bond Ucits Etf (IE00BCRY6557)[SinteticaFunded:Nonpresente] mmmmm 0,20 0,14 66.280 -Amundi EtfEuro Corporates Ucits EtfC (FR0010754119)[SinteticaUnfunded:basketsostitutivo (100,49%)Swap (-0,49%)] mmmmm 0,16 0,17 40.885 3,03Ubs-EtfMarkit IboxxLiquid Corporates (LU0721553864)[FisicaCompleta] mmmmm 0,23 0,17 39.723 3,35Amundi EtfEuro Corporate Financials Iboxx Ucits Etf C (FR0011020957)[SinteticaUnfunded:basketsostitutivo (100,5%) Swap(-0,5%)] mmmmm 0,16 0,18 37.023 2,61emergenteAmundi EtfGlobalEmerging Bond Markit Iboxx Ucits Etf(C) (FR0010959668)[SinteticaUnfunded:basketsostitutivo (99,63%) Swap(0,37%)] mmmmm 0,30 0,27 72.354 -11,23inflazioneiShares EuroInflation Linked GovernmentBond Ucits Etf(IE00B0M62X26)[FisicaCompleta:prestito titoli(45,07%) ecollaterale (102,5%-112%)] mmmmm 0,25 0,10 95.033 -1,90dbX-Trackers Ii Iboxx EuroInflation-Linked Ucits Etf(LU0290358224)[SinteticaUnfunded:basketsostitutivo (102,06%)Swap (-2,06%)] mmmmm 0,20 0,25 93.278 2,20ALTERNATIVOvolatilitàLyxor EtfS&P500 Vix Futures Enhanced Roll C-Eur (LU0832435464)[SinteticaFunded:Nonpresente] mmmmm 0,60 1,05 133.459 -44,72Lyxor EtfUnleveraged S&P500Vix Futures Enhanced Roll -C Eur (FR0011376565)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,13 76.544 -MONETARIOdebitogovernativodbX-Trackers Ii Eonia Ucits Etf(LU0290358497)[SinteticaUnfunded:basketsostitutivo (101,25%)Swap (-1,25%)] mmmmm 0,15 0,00 188.115 0,01iShares Eb.RexxMoney MarketDe (DE000A0Q4RZ9)[FisicaCompleta] mmmmm 0,13 0,19 143.362 -0,08Lyxor Ucits EtfBot Mts Ex-BankItaly (FR0011360676)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,15 0,03 66.912 0,94iShares EuroGovernment Bond 0-1Yr Ucits Etf (IE00B3FH7618)[FisicaaCampione] mmmmm 0,20 0,05 62.846 0,16PowersharesEuromtsCash 3 MonthsFund (IE00B3BPCH51)[FisicaCompleta] mmmmm 0,15 0,08 47.498 0,15valutaEtfs3X Short Usd Long Eur (JE00B3T3K772)[SinteticaUnfunded:basketsostitutivo (106%) Swap(100%)] mmmmm 1,83 0,26 191.983 12,18Etfs3X Short Jpy Long Eur (JE00B44CBN95)[SinteticaUnfunded:basketsostitutivo (106%) Swap(100%)] mmmmm 1,83 0,28 160.206 41,18Etfs3X Long Jpy Short Eur (JE00B3WDZY68)[SinteticaUnfunded:basketsostitutivo (106%) Swap(100%)] mmmmm 1,83 0,37 92.016 -39,24dbX-Trackers Ii Sterling Cash Ucits Etf(LU0321464652)[SinteticaUnfunded:basketsostitutivo (109,7%)Swap (-9,7%)] mmmmm 0,15 0,44 82.528 5,44Etfs3X Short Aud Long Eur (JE00B3RXT940)[SinteticaUnfunded:basketsostitutivo (106%) Swap(100%)] mmmmm 1,83 0,38 49.687 46,02Etfs3X Short Chf Long Eur (JE00B3S71Q64)[SinteticaUnfunded:basketsostitutivo (106%) Swap(100%)] mmmmm 1,83 0,25 38.804 -3,61MATERIE PRIMEagricolturaEtfsDaily LeveragedCotton (JE00B2NFTH59)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 0,57 184.384 -10,27EtfsAgriculture Dj-Ubsci (GB00B15KYH63)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,35 170.583 -7,64EtfsDaily LeveragedCorn (JE00B2NFTG43)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 0,61 113.711 -50,30EtfsDaily Short Soybean(JE00B24DKL99)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 0,17 76.254 7,86EtfsDaily Short Wheat(JE00B24DKR51)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 0,19 58.143 5,14EtfsDaily LeveragedSoybeans (JE00B2NFTV93)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 0,44 42.210 25,29bestiameEtfsDaily LeveragedLean Hogs (JE00B2NFTN10)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 1,02 63.686 58,74EtfsDaily Short Lean Hogs (JE00B24DKF30)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 0,85 47.123 -31,52cerealiEtfsCorn (GB00B15KXS04)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,29 138.471 -28,54EtfsSoybean(GB00B15KY435)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,16 65.413 -20,95diversificatoiShares DowJones-Ubs CommoditySwap De (DE000A0H0728)





[SinteticaUnfunded:basketsostitutivo (100%)Swap(-0,65%) (collateraleNA)] mmmmm 0,46 0,41 177.246 -6,18EtfsAllCommodities Dj-Ubscism (GB00B15KY989)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,82 141.347 -4,63dbX-Trackers Dblci-Oy BalancedUcits Etf (LU0292106167)[SinteticaFunded:con Swap(100%)(collaterale108,6%)] mmmmm 0,55 0,16 105.569 -6,05ETFS DJ-UBSLonger Dated AllCommodities GO UCITS ETF(IE00B4WPHX27)[SinteticaUnfunded:basketsostitutivo (109%) Swap(100%)] mmmmm 0,55 0,77 53.969 -6,52Rbs MarketAccess Rogers International CommodityIndex Etf(LU0249326488)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale98,84%)] mmmmm 0,70 0,69 53.386 -4,70energiaEtfsEnergyDj-Ubscism (GB00B15KYB02)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,34 63.149 4,32EtfsDaily LeveragedGasoline (JE00B2NFTK88)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 0,24 60.170 -14,97BoostWti 3X Short Daily Etp (IE00B7SX5Y86)[SinteticaFunded:Nonpresente] mmmmm 0,99 0,40 45.432 -EtfsGasoline (GB00B15KXW40)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,12 41.190 -8,33EtfsDaily Hedged Natural Gas (JE00B6XF0923)[SinteticaFunded:con Swap(100%)(collaterale108%)] mmmmm 0,49 0,40 41.022 17,89EtfsDaily Hedged WtiCrude (JE00B44F1611)[SinteticaFunded:con Swap(100%)(collaterale108%)] mmmmm 0,49 0,36 40.728 15,01EtfsWti 2Mth Securities (GB00B0CTWK84)[SinteticaFunded:con Swap(100%)] mmmmm 0,49 0,32 39.603 11,19EtfsBrent 1Mth Securities (GB00B0CTWC01)[SinteticaFunded:con Swap(100%)] mmmmm 0,49 0,35 35.600 -0,51metalli industrialiEtfsAluminium(GB00B15KXN58)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,49 162.930 -23,75EtfsNickel (GB00B15KY211)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,49 154.798 -16,59EtfsDaily LeveragedCopper (JE00B2NFTF36)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 0,41 129.049 -26,83EtfsCopper (GB00B15KXQ89)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,20 106.918 -15,16EtfsZinc (GB00B15KY872)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,55 87.539 -5,76EtfsDaily LeveragedAluminium (JE00B2NFTC05)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 0,45 72.601 -40,79EtfsIndustrial Metals Dj-Ubscism (GB00B15KYG56)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,35 37.244 -16,43metallipreziosiBoostSilver 3X Leverage Daily Etp(IE00B7XD2195)[SinteticaFunded:Nonpresente] mmmmm 0,99 0,70 162.826 -EtfsPhysical SwissGold (JE00B588CD74)[FisicaCompleta] mmmmm 0,39 0,25 135.504 -19,85EtfsPhysical Platinum (JE00B1VS2W53)[FisicaCompleta] mmmmm 0,49 0,25 111.176 -12,33Lyxor Etn Gold Usd (XS0416722857)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,29 88.196 -20,05DbPhysical Silver EuroHedged Etc (DE000A1EK0J7)[FisicaCompleta] mmmmm 0,75 0,73 77.630 -26,92EtfsSilver(GB00B15KY328)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,60 66.473 -31,12EtfsPhysical Palladium (JE00B1VS3002)[FisicaCompleta] mmmmm 0,49 0,36 64.441 -0,04EtfsEur Daily Hedged Physical Gold (JE00B8DFY052)[FisicaCompleta] mmmmm 0,39 0,30 48.538 -EtfsDaily LeveragedPlatinum (JE00B2NFV134)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 1,03 0,97 48.070 -24,90softsEtfsSugar (GB00B15KY658)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,55 147.344 -13,83EtfsCotton (GB00B15KXT11)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,58 64.807 -5,48EtfsDaily Hedged Sugar(JE00B6X05031)[SinteticaFunded:con Swap(100%)(collaterale108%)] mmmmm 0,49 0,56 56.368 -9,37EtfsSofts Dj-Ubscism (GB00B15KYJ87)[SinteticaFunded:con Swap(100%)(collaterale101%)] mmmmm 0,49 0,59 35.178 -1,98




8MARZO Plus24-IlSole24Ore &numeri indici · redditofisso l’hitparade analisititolirnc Australia...

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