Plus24-IlSole24Ore 22GIUGNO &numeri indici

reddito fisso

analisi titoli rncl’hit parade

Australia — 4,01 3,39 3,01 3,88Gr. Bretagna 0,50 0,90 2,13 1,64 3,22Canada 1,02 0,90 2,25 1,77 3,06Danimarca 0,26 0,61 1,69 1,35 1,69Svezia 0,88 1,25 2,01 1,52 2,01Giappone 0,09 0,18 0,82 0,79 0,60Svizzera 0,02 0,10 0,76 0,47 0,76Usa 0,05 4,76 2,31 1,62 3,22Area euro 0,21 0,66 1,55 1,51 1,55

RENDIMENTI EFFETTIVI LORDIpaesi mercatomonet. obbl.governative obblig.

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

B.caIntesa 1,057 4,73 -16,38B.coDesio 1,877 6,71 1,46B.coSardegna 7,620 2,28 —Banca Carige 1,094 8,00 n,s.Buzzi Unicem 6,000 0,83 -49,20Danieli 11,950 2,94 -33,72Edison 0,913 16,43 —Gemina 1,330 — -2,21Impregilo 13,270 1,96 n,s.Indesit Compani 5,665 4,38 -12,98Intek Group 0,333 — 21,11Intek Groupnew 0,333 — 21,11Italcementi 2,680 6,96 n,s.Italmobiliare 10,390 — -33,82La Fondiaria-Sai 132,800 — n,s.Milano Ass. 0,680 — 37,51Montefibre 0,159 — n,s.Pirelli &c 6,350 5,35 -29,41RCSMediagroup 0,523 — n,s.SaesGetters 5,850 11,40 -12,82Seat Pagine Gialle 0,750 — n,s.Stefanel 146,000 — n,s.TelecomItalia 0,413 7,51 -18,96TelecomItalia Media 0,181 — n,s.Unicredito 7,710 — n,s.Zucchi 0,182 — n,s.

indici& numeriImigliori1 Abu Dhabi(ABUDHABI SE) 44,422 Venezuela(IBC) 37,263 Kuwait(KSE) 34,504 Pakistan(KARACHI100) 27,895 Irlanda(IRISH SE) 14,63

Ipeggiori1 Perù(LIMA GENERAL) -29,752 Brasile(BRSPBOVESPA) -29,733 Egitto(EGX30 IDX) -23,334 Colombia(GBC) -19,205 Russia(RTS) -18,32

FONDI ITALIANIindice performance

a1 mese a1 anno a3 anni

fonte:elaborazioneUfficioStudideIlSole-24Ore

Imigliori1 Irlanda 6,912 Spagna 6,343 Portogallo 5,624 Italia 3,515 Austria -0,08

Ipeggiori1 Venezuela -14,012 Argentina -13,883 Brasile -11,774 Giappone -9,865 Messico -9,82

AZIONARIOrendimenti in euro dal28/12/12 al20/06/13

paese rend paese rend

Generale -2,27 6,47 7,48Azionari -7,59 11,57 11,57Bilanciati -3,24 9,67 9,21Obbligazionari -1,56 6,21 9,01Monetari -0,11 2,00 3,71Flessibili -2,42 8,38 6,16

fonte:Thomson ReutersDatastream

fonte:Thomson ReutersDatastream

Fonte:elaborazioneUfficioStudideIlSole-24Ore

fonte:elaborazioneUfficioStudidelSole-24Ore

OBBLIGAZIONARIOrendimenti in euro dal28/12/12 al20/06/13

paese rend paese rend

titolo prezzo div/p% sconto%

Plus24 - Il Sole 24 Ore SABATO 22 GIUGNO 20131 N. 567

previsione sulle economie

Argentina 10,3 05-13 8,7 11,7 +2,4 +23,1 +1,0 0,2 — —Australia 2,5 03-13 2,8 2,7 +3,0 +14,3 +0,3 1,8 2,8 3,6Austria 1,9 04-13 2,1 2,1 +1,5 +13,3 +1,5 0,6 0,1 1,8Belgio 1,2 05-13 2,3 1,8 +1,0 +19,2 +1,9 1,4 0,1 2,2Brasile 7,0 05-13 6,2 5,7 +3,6 +20,9 — 0,8 — —Canada 0,4 04-13 1,9 1,9 +2,5 +12,1 +1,0 1,6 1,1 2,5Cile 1,0 05-13 3,6 3,0 +4,8 +5,8 +15,0 — 5,4 —Cina 2,1 05-13 3,0 3,5 +7,9 +17,5 +0,7 0,8 — —Corea 1,0 05-13 3,0 2,8 +3,6 +26,7 — 0,7 2,9 3,0Danimarca 0,9 05-13 2,0 1,9 +1,5 +29,3 +9,1 1,1 0,1 1,4Filippine 2,6 05-13 4,6 3,9 +5,9 +9,9 +1,6 1,1 — —Finlandia 1,5 04-13 1,8 2,2 +1,6 +23,5 +0,5 2,0 0,1 1,7Francia 0,8 05-13 1,7 1,6 +0,7 +8,1 +2,3 1,5 0,3 2,2Germania 1,5 05-13 1,6 1,9 +1,6 +4,8 +2,7 1,4 0,4 1,8Giappone -0,7 04-13 -0,1 1,9 +1,5 +39,7 +85,1 0,8 0,2 0,9HongK. 3,6 03-13 2,0 3,9 +4,0 +10,3 +1,0 1,0 0,5 —India 10,2 04-13 7,4 7,4 +6,8 +18,7 +19,8 0,7 7,3 —Indonesia 5,5 05-13 7,1 5,0 +6,3 +19,2 +208,1 0,9 5,2 —Irlanda 0,4 05-13 1,9 1,4 +1,9 — +0,0 2,8 0,1 4,3Italia 1,1 05-13 2,2 1,6 +0,4 +23,1 +0,2 0,5 0,2 4,1Malaysia 1,6 03-13 2,4 2,8 +5,3 +10,4 +0,3 1,5 3,4 —Messico 4,6 05-13 4,3 3,8 +4,0 — +1,9 1,3 4,0 5,3N.Zelanda 0,9 03-13 2,6 2,1 +3,0 +10,2 +0,2 1,3 3,4 3,7Norvegia 2,0 05-13 1,7 1,7 +2,8 +8,3 +4,8 1,2 2,0 2,7Olanda 2,8 05-13 1,8 1,9 +0,7 +10,8 +1,4 0,9 0,4 2,1Russia 7,4 05-13 10,2 5,6 +3,6 +0,4 +0,1 4,0 — —Singapore 1,5 04-13 2,6 3,3 +3,7 +8,2 +0,2 1,6 0,4 —Spagna 1,7 05-13 2,6 1,5 +0,2 — +0,5 2,0 0,3 4,4Sudafrica 5,9 03-13 5,5 5,7 +3,5 +12,6 +4,7 0,9 — —Svezia -0,2 05-13 1,3 1,6 +2,5 +4,8 +5,9 1,5 1,4 2,2Svizzera -0,5 05-13 0,6 0,7 +1,6 +9,7 +2,6 1,2 0,1 1,1Taiwan 0,7 06-13 1,4 1,9 +4,0 +30,4 +2,9 1,3 1,0 —Thailandia 2,3 05-13 3,1 3,2 +4,9 +18,8 +1,8 1,0 3,1 —UK 3,1 05-13 3,3 3,0 +1,6 +8,9 +28,8 1,3 0,6 2,2Usa 1,4 05-13 2,4 2,0 +2,7 +12,1 +2,6 1,2 0,1 2,5

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)

SABATO 22 GIUGNO 2013 Plus24 - Il Sole 24 OreN. 567 2

le classifiche dello stoxx600

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

rk sett. titolo last pr.valore


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

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

88IndZardoya Otis(E) 10,60 22,98 89SalNovo Nordisk(Dk) 932,50 22,85 90IndSika(Ch) 2428,00 22,77 91FinPSPSwiss(Ch) 83,05 22,73 92TelGemalto(Nl) 65,82 22,70 93IndGeberit N1(Ch) 230,40 22,66 94PbuVeoliaEnviron(F) 9,31 22,63 95InfAsml Holding(Nl) 59,23 22,60 96SalSonovaHld(Ch) 104,60 22,54 97IndVallourec(F) 38,55 22,53 98MatHolcim(Ch) 68,75 22,47 99PbuIntertekGroup(Gb) 3057,00 22,42 100EneFuchsPetro Vz(D) 63,47 22,40 101PbuDistribuidora Inte Alim(E) 5,93 22,36 102PbuH & M B(S) 220,70 22,12 103IndPhilipsKon(Nl) 21,23 22,11 104PbuKuehne&Nagel(Ch) 103,60 22,07 105FinBbva(E) 6,71 21,90 106PbuJCDecaux(F) 19,94 21,86 107BpnGivaudan(Ch) 1207,00 21,81 108BpnAdidas(D) 81,23 21,80 109IndSchindler-Hld(Ch) 133,60 21,68 110FinLloydsBnk Grp(Gb) 61,32 21,68 111IndHexagon(S) 190,20 21,64 112MatHeidelbergcement(D) 53,54 21,46 113FinGsw Immobilien(D) 28,25 21,40 114BpnSabmiller(Gb) 3203,00 21,22 115PbuExperian(Gb) 1140,00 21,18 116InfEads(Nl) 43,01 21,15 117IndFiltrona(Gb) 674,50 21,06 118PbuAer.de Paris(F) 71,38 20,85 119IndAmerSports(Fl) 13,77 20,76 120IndPersimmon(Gb) 1183,00 20,74 121FinUnicredit(I) 3,94 20,69 122MatLafarge(F) 50,22 20,64 123BpnHenkelPref.(D) 73,69 20,59 124FinMediobanca(I) 4,96 20,58 125TelTelefonicaD. Hld(D) 5,60 20,55 126FinSchroders(Gb) 2136,00 20,52 127BpnScaB(S) 166,10 20,42 128MatCRH(Irl) 15,44 20,31 129SalMeda(S) 78,45 20,27 130PbuDeLa Rue Plc(Gb) 949,50 20,23 131BpnAbInbev(B) 69,66 20,20 132TelWincorNixdorf(D) 41,75 20,19 133IndOrklaA(Nok) 49,39 20,19 134SalbioMerieux(F) 73,59 20,12 135FinUBI Banca(I) 3,03 20,11 136BpnCampari(I) 5,59 20,10 137BvoProsiebensat1(D) 32,01 20,08 138BvoIntercontHote(Gb) 1801,00 20,04 139TelInmarsat(Gb) 639,00 19,99 140BpnUnilever(Gb) 2634,00 19,91 141IndTaylorWimpey(Gb) 92,15 19,90 142FinAshtead(Gb) 599,00 19,83

143IndKoninklijke Dsm(Nl) 51,09 19,83 144BpnPernodRicard(F) 89,52 19,80 145PbuEnelGreen Power(I) 1,60 19,73 146PbuEasyjet(Gb) 1238,00 19,63 147IndSpirax-Sarco(Gb) 2680,00 19,54 148IndBellway(Gb) 1300,00 19,41 149BpnUnilever Cert(Nl) 30,30 19,41 150BpnDiageo(Gb) 1899,00 19,38 151FinAllrealHld(Ch) 132,60 19,34 152InfRollsRoyce Pl(Gb) 1167,00 19,31 153IndAssaAbloy B(S) 258,30 19,31 154IndRichemontI(Ch) 81,45 19,24 155BpnDanone(F) 57,14 19,23 156FinIntuprop(Gb) 318,40 19,19 157PbuSodexo(F) 66,01 19,15 158BpnAssoc.Br.Foods(Gb) 1794,00 19,14 159FinDanskeBank(Dk) 111,00 19,12 160SalFreseniusM.Care(D) 52,74 19,11 161BvoWhitbread(Gb) 2906,00 19,10 162IndFiat(I) 5,62 19,10 163BvoAccor(F) 26,36 19,07 164FinSwissPrimeS.(Ch) 71,20 19,04 165TelAmadeus(E) 24,20 19,02 166TelSap(D) 57,24 19,00 167BpnBurberry Grp(Gb) 1350,00 18,97 168IndTechnip(F) 84,24 18,89 169BpnBarry Callebaut(Ch) 893,00 18,86 170FinUnibail Rodamco(F) 175,65 18,83 171SalUcb(B) 39,93 18,79 172BvoCompass Group(Gb) 840,50 18,75 173PbuLvmh(F) 126,00 18,71 174PbuHugo Boss(D) 82,85 18,67 175IndAirLiquide(F) 96,64 18,67 176FinBrLand Co(Gb) 583,50 18,67 177InfHalma(Gb) 504,50 18,66 178InfZodiac Aer.(F) 102,40 18,65 179SalGetingeAb(S) 205,50 18,62 180IndWartsilaB(Fl) 34,53 18,48 181IndLinde(D) 144,40 18,33 182SalActelionHldg(Ch) 56,05 18,28 183BvoCarnival(Gb) 2195,00 18,28 184BpnBrenntag Ag(D) 119,75 18,25 185IndAbb(Ch) 20,14 18,21 186IndAlfaLaval(S) 137,70 18,20 187BpnNestleSa(Ch) 61,85 18,18 188IndLegrand(F) 35,52 18,16 189IndCrodaInt.(Gb) 2397,00 18,08 190BpnKerry Group(Irl) 42,30 18,08 191SalQiagen(Nl) 14,35 18,05 192FinGecina(F) 86,50 18,01 193IndVictrex(Gb) 1587,00 17,86 194PbuRyanair Hldgs(Irl) 6,69 17,74 195SalGerresheimer(D) 44,09 17,69 196IndSwatch GroupI(Ch) 529,00 17,67 197PbuColruyt(B) 38,62 17,62 198InfInfineon Tech.(D) 6,54 17,62 199TelTelekom Aust(A) 5,18 17,57 200IndSyngenta(Ch) 361,80 17,57 201PbuAdecco(Ch) 51,60 17,55 202BpnHeineken(Nl) 51,67 17,53



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





88FinOldMutual(Gb) 183,00 10,09 89FinAllianz(D) 113,05 10,10 90FinGjensidigeFor(Nok) 88,30 10,13 91PbuTesco(Gb) 339,90 10,14 92IndValeo(F) 51,30 10,16 93PbuStagecoach(Gb) 298,90 10,16 94FinStandrd Chart(Gb) 1458,00 10,19 95IndMetso(Fl) 28,49 10,34 96TelTdc(Dk) 43,74 10,36 97FinTopdanmark(Dk) 146,10 10,43 98IndYiT(Fl) 14,22 10,44 99FinDnb(Nok) 91,60 10,44 100FinScorSe(F) 23,55 10,51 101BvoLadbrokes(Gb) 194,30 10,52 102BvoWoltersKluwer(Nl) 16,59 10,54 103IndNeopost(F) 49,15 10,56 104IndK + S(D) 29,86 10,57 105FinZurichFin(Ch) 241,50 10,59 106IndWendel(F) 82,73 10,60 107FinIcap Plc(Gb) 356,00 10,63 108MatVoestalpine(A) 27,52 10,68 109IndArkema(F) 74,84 10,71 110PbuMitie Grp.(Gb) 253,90 10,71 111IndAker Solutions(Nok) 85,75 10,73 112PbuG4S(Gb) 240,50 10,74 113FinStandardLife(Gb) 361,50 10,74 114MatGlencore(Gb) 306,10 10,81 115EneRepsolYpf(E) 16,81 10,84 116FinInvestec(Gb) 425,60 10,84 117EneAfren(Gb) 119,00 10,86 118IndPetrofac(Gb) 1297,00 10,95 119IndVinci(F) 38,60 11,00 120TelVodafoneGroup(Gb) 178,70 11,02 121IndGkn(Gb) 299,50 11,08 122TelElisaCorporat(Fl) 14,95 11,10 123BpnImperial Tobac(Gb) 2355,00 11,16 124PbuFortum(Fl) 14,63 11,17 125IndUpm-KymmeneOy(Fl) 7,80 11,19 126PbuGas Natural(E) 15,85 11,20 127TelBtGroup(Gb) 307,70 11,21 128PbuRentokil(Gb) 88,10 11,24 129BvoA Springer(D) 32,46 11,27 130TelPortugalTelecom(P) 3,10 11,30 131InfCobham(Gb) 264,50 11,37 132IndPirelli & C.(I) 8,97 11,38 133FinNordea(S) 77,85 11,38 134FinMan(Gb) 88,00 11,41 135FinFonciere Regions(F) 58,90 11,45 136BpnOriflameC.(S) 214,70 11,50 137BvoInforma(Gb) 469,50 11,52 138FinKbc Groep(B) 29,50 11,57 139IndGeorgFischer(Ch) 422,25 11,63 140FinCorio(Nl) 31,78 11,63 141TelCable&Wir(Gb) 40,10 11,65 142FinLegal & Genera(Gb) 170,20 11,66

143TelSoftware(D) 23,79 11,67 144FinPrudential(Gb) 1073,00 11,71 145FinCofinimmo-Sicafi(B) 83,79 11,72 146PbuRedElectr Cor(E) 41,46 11,74 147TelSwisscom(Ch) 406,70 11,78 148IndPrysmian(I) 15,25 11,79 149FinSociete Generale(F) 28,25 11,81 150PbuSainsbury(J)(Gb) 367,90 11,81 151IndSmurfitKappa(Irl) 11,80 11,81 152IndTgsNopec Geo(Nok) 189,50 11,82 153FinVienna Insuran(A) 37,45 11,84 154FinBolsasY Mer E(E) 20,00 11,86 155FinSwedbank(S) 153,90 11,87 156IndAmec(Gb) 994,50 11,93 157FinSeb A(S) 66,20 11,96 158FinNatixis(F) 3,36 11,97 159MatImerys(F) 48,13 11,97 160FinRsa Insrance G(Gb) 116,00 11,99 161PbuSecuritasB(S) 58,80 12,08 162PbuDelhaize Group(B) 48,08 12,12 163IndEnagas(E) 19,05 12,14 164IndFugro(Nl) 43,20 12,16 165FinShb A(S) 280,80 12,17 166IndBilfinger Berger(D) 76,55 12,23 167EnePremier Oil(Gb) 343,50 12,23 168IndSandvik(S) 87,10 12,25 169FinHenderson(Gb) 145,30 12,26 170FinCastellum(S) 93,90 12,30 171FinSampoPlc(Fl) 30,64 12,32 172BvoMtg B(S) 270,20 12,36 173IndKoninklijke(Nl) 29,02 12,37 174IndSnam(I) 3,51 12,39 175IndJm(S) 145,00 12,41 176PbuAtlantia(I) 12,31 12,50 177SalOrionB(Fl) 18,38 12,54 178PbuSse Plc(Gb) 1514,00 12,54 179Telfreenet(D) 16,79 12,57 180FinB.Cant.Vaudoise(Ch) 470,75 12,59 181FinMapfre(E) 2,69 12,59 182FinLondonStock Ex.(Gb) 1364,00 12,60 183IndRexamPlc(Gb) 495,30 12,64 184IndAalbertsInd.(Nl) 17,48 12,66 185IndVesuvius(Gb) 376,50 12,68 186PbuAholdKon(Nl) 11,70 12,71 187BpnRexel(F) 17,23 12,74 188InfUltraElecs(Gb) 1655,00 12,75 189InfThales(F) 37,70 12,86 190FinWereldhave(Nl) 50,25 12,87 191IndPargesaHld(Ch) 64,00 12,88 192PbuInchcape(Gb) 510,00 12,89 193IndFiatInd.(I) 8,50 12,89 194BpnAryztaAg(Ch) 53,95 12,90 195IndNokian Renkaat(Fl) 31,07 12,90 196PbuMarks & Sp.(Gb) 442,80 12,91 197PbuNational Grid(Gb) 741,50 12,91 198BvoTuiTravel(Gb) 341,00 12,92 199IndAckermans V.Haar(B) 64,40 12,94 200BvoGreene King(Gb) 755,50 12,94 201EneHunting(Gb) 779,00 12,99 202SalSanofi(F) 80,25 13,03



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





88PbuVeoliaEnviron(F) 9,31 0,59 89FinMuenchenerRuck.(D) 141,55 0,60 90EneEni(I) 16,63 0,60 91IndFlsmidth& Co(Dk) 266,50 0,63 92PbuRubis(F) 44,48 0,63 93FinScorSe(F) 23,55 0,63 94FinAviva(Gb) 332,00 0,63 95IndWoodGrp(Gb) 788,50 0,63 96BvoOpap(Gr) 6,64 0,63 97FinCatlinG(Gb) 467,20 0,64 98TelWincorNixdorf(D) 41,75 0,64 99IndOutotecOyj(Fl) 9,62 0,64 100IndMetso(Fl) 28,49 0,65 101IndMichelin(F) 66,52 0,65 102PbuG4S(Gb) 240,50 0,65 103MatEvraz(Gb) 119,50 0,65 104IndAker Solutions(Nok) 85,75 0,65 105EneGalp Energia(P) 12,29 0,65 106FinAllianz(D) 113,05 0,66 107MatVoestalpine(A) 27,52 0,67 108PbuDsv(Dk) 136,40 0,67 109PbuEndesa(E) 17,00 0,67 110IndAmec(Gb) 994,50 0,67 111IndLanxess(D) 53,32 0,68 112IndStoraEnso R(Fl) 5,13 0,68 113FinGenerali(I) 13,89 0,68 114PbuSercoGroup(Gb) 602,00 0,69 115BpnWolseley(Gb) 3093,00 0,69 116PbuColruyt(B) 38,62 0,70 117IndSmith(Gb) 231,40 0,70 118IndSmurfitKappa(Irl) 11,80 0,71 119EneStatoil(Nok) 126,50 0,71 120BpnSuedzucker(D) 25,70 0,72 121IndUpm-KymmeneOy(Fl) 7,80 0,72 122PbuSse Plc(Gb) 1514,00 0,72 123BpnBrenntag Ag(D) 119,75 0,74 124IndKonecranesOyj(Fl) 24,48 0,74 125InfBaeSy.(Gb) 388,90 0,74 126PbuKingfisher(Gb) 342,80 0,74 127IndContinental AG(D) 98,95 0,75 128MatCRH(Irl) 15,44 0,77 129MatSsab A(S) 43,09 0,77 130PbuStagecoach(Gb) 298,90 0,78 131IndGkn(Gb) 299,50 0,79 132IndMondi(Gb) 777,50 0,79 133MatNorsk Hydro(Nok) 25,67 0,79 134Telfreenet(D) 16,79 0,80 135PbuTeleperformance(F) 35,72 0,80 136BpnBunzl(Gb) 1259,00 0,81 137MatVedanta Res(Gb) 1185,00 0,82 138IndVesuvius(Gb) 376,50 0,82 139PbuEnel(I) 2,68 0,82 140IndVolvo B(S) 94,90 0,82 141IndSuez Env(F) 9,95 0,83 142BpnTravisPerkins(Gb) 1510,00 0,83

143FinAmlin(Gb) 377,80 0,83 144IndJm(S) 145,00 0,83 145PbuMoeller Maerskb(Dk) 41080 0,84 146IndSolvay(B) 107,90 0,85 147IndSEB(F) 60,55 0,85 148IndSaipem(I) 20,16 0,85 149IndAkzo Nobel(Nl) 45,92 0,86 150MatBolidenAb(S) 91,75 0,86 151IndArkema(F) 74,84 0,87 152IndYara Internat(Nok) 240,80 0,87 153PbuGdfSuez(F) 15,40 0,88 154InfQinetiq(Gb) 183,50 0,88 155InfEricsson B(S) 76,80 0,89 156FinPrudential(Gb) 1073,00 0,90 157PbuJMartins Sgps(P) 16,00 0,90 158IndOC Oerlikon(Ch) 10,95 0,91 159IndClariant(Ch) 13,59 0,91 160IndVinci(F) 38,60 0,91 161PbuChristian Dior(F) 131,55 0,92 162IndPhilipsKon(Nl) 21,23 0,92 163IndHusqvarna(S) 36,71 0,93 164BvoCompass Group(Gb) 840,50 0,94 165PbuMarks & Sp.(Gb) 442,80 0,94 166IndPirelli & C.(I) 8,97 0,94 167InfSTMicroelectr.(Nl) 7,15 0,94 168FinZurichFin(Ch) 241,50 0,95 169IndAmerSports(Fl) 13,77 0,95 170PbuCentrica(Gb) 371,90 0,95 171IndMAN(D) 83,96 0,96 172BpnElectrocomponent(Gb) 249,00 0,97 173FinAgeas(B) 28,00 0,98 174IndKemira Oy(Fl) 11,76 0,98 175IndTechnip(F) 84,24 0,98 176IndGea Group(D) 28,48 0,99 177FinDirect Line(Gb) 214,00 0,99 178PbuEdf(F) 18,36 1,00 179PbuNational Ex.(Gb) 215,50 1,02 180SalRhoenKlinikum(D) 17,73 1,04 181IndBasf(D) 72,34 1,05 182TelCable&Wir(Gb) 40,10 1,05 183BvoA Springer(D) 32,46 1,06 184PbuMichaelPage(Gb) 376,80 1,07 185BpnAdidas(D) 81,23 1,08 186PbuHavas(F) 4,65 1,08 187IndSiemens(D) 79,13 1,09 188BpnOriflameC.(S) 214,70 1,09 189TelInvensys(Gb) 404,70 1,10 190BpnCoca Cola Hbc(Ch) 1529,00 1,11 191PbuRentokil(Gb) 88,10 1,11 192IndRexamPlc(Gb) 495,30 1,11 193TelVivendi(F) 14,95 1,12 194IndPetrofac(Gb) 1297,00 1,12 195BpnAssoc.Br.Foods(Gb) 1794,00 1,13 196IndKoninklijke Dsm(Nl) 51,09 1,13 197IndRatos(S) 54,40 1,13 198InfMtu AeroEngines(D) 76,85 1,15 199MatImerys(F) 48,13 1,15 200PbuEasyjet(Gb) 1238,00 1,15 201IndAalbertsInd.(Nl) 17,48 1,15 202MatHeidelbergcement(D) 53,54 1,16



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





88MatLafarge(F) 50,22 27,14 89BpnDeMaster Blend(Nl) 12,30 26,86 90SalStada Arznei(D) 32,92 26,74 91BvoReed Elsevier(Nl) 12,84 26,73 92MatHeidelbergcement(D) 53,54 26,49 93FinStorebrand(Nok) 28,36 26,31 94IndAcsCons Y Ser(E) 20,90 26,07 95IndFiat(I) 5,62 25,86 96FinInvestorB(S) 186,00 25,51 97FinTopdanmark(Dk) 146,10 25,30 98IndPorsche Aut.(D) 60,21 25,22 99PbuPublicisGroupe(F) 54,15 24,98 100BvoOpap(Gr) 6,64 24,79 101FinCs GroupAg(Ch) 26,30 24,47 102PbuDeutschePost(D) 19,02 24,46 103BpnBritvic(Gb) 490,00 24,44 104FinSwedbank(S) 153,90 24,42 105FinAberdeenAM(Gb) 396,00 24,38 106InfAsml Holding(Nl) 59,23 24,28 107FinGAM Hld(Ch) 15,95 24,13 108PbuInchcape(Gb) 510,00 23,95 109FinExor(I) 23,85 23,92 110InfIngenico(F) 51,25 23,67 111BpnLuxottica(I) 38,46 23,59 112IndAssaAbloy B(S) 258,30 23,55 113FinTryg(Dk) 475,00 23,53 114BvoReed Elsevier(Gb) 743,50 23,29 115TelBtGroup(Gb) 307,70 23,26 116PbuEdp(P) 2,53 23,24 117FinEurazeo(F) 41,98 23,14 118FinBaloiseHld(Ch) 91,55 23,01 119BpnCelesio(D) 15,77 22,86 120IndVallourec(F) 38,55 22,84 121IndPhilipsKon(Nl) 21,23 22,84 122InfGn Store Nord(Dk) 104,00 22,67 123FinAegon(Nl) 4,99 22,63 124BvoWhitbread(Gb) 2906,00 22,39 125BvoGreene King(Gb) 755,50 22,03 126InfNokia(Fl) 2,63 21,67 127BpnHenkelPref.(D) 73,69 21,58 128FinIngGroep(Nl) 6,88 21,40 129SalActelionHldg(Ch) 56,05 21,18 130InfSafran(F) 40,59 21,06 131IndKoneCorporati(Fl) 65,70 20,89 132PbuWirecard(D) 21,23 20,75 133FinUbsAg(Ch) 16,28 20,54 134IndFiltrona(Gb) 674,50 20,53 135FinDeltaLloyd(Nl) 14,82 20,43 136FinBarclays(Gb) 296,55 20,29 137IndElectroluxB(S) 172,50 19,94 138FinGenerali(I) 13,89 19,77 139IndImiPlc(Gb) 1284,00 19,75 140IndEnagas(E) 19,05 19,69 141SalGrifols(E) 27,20 19,67 142PbuPpr(F) 154,84 19,61

143IndMichelin(F) 66,52 19,36 144TelAveva(Gb) 2227,00 19,22 145PbuEnelGreen Power(I) 1,60 19,02 146SalSanofi(F) 80,25 18,82 147BpnTod's(I) 106,10 18,66 148BpnHeineken Hld(Nl) 44,52 18,59 149BpnL Oreal(F) 124,55 18,53 150IndWartsilaB(Fl) 34,53 18,47 151FinKinnevik(S) 171,90 18,42 152IndIndustriv.(S) 120,40 18,42 153IndLegrand(F) 35,52 18,40 154PbuCapita Group(Gb) 943,50 18,40 155BpnAdidas(D) 81,23 18,38 156PbuWppPlc(Gb) 1128,00 18,33 157IndAalbertsInd.(Nl) 17,48 18,25 158IndMondi(Gb) 777,50 18,17 159SalRoche HoldingAg(Ch) 228,20 18,06 160EneRepsolYpf(E) 16,81 17,86 161FinHenderson(Gb) 145,30 17,80 162IndWeir Group(Gb) 2166,00 17,79 163IndOC Oerlikon(Ch) 10,95 17,77 164BvoWoltersKluwer(Nl) 16,59 17,75 165FinFlughafenZuerich(Ch) 464,25 17,37 166IndSwatch GroupI(Ch) 529,00 17,26 167IndGea Group(D) 28,48 17,23 168SalHikma(Gb) 941,50 17,18 169IndClariant(Ch) 13,59 17,07 170IndArkema(F) 74,84 17,01 171FinPrudential(Gb) 1073,00 16,93 172TelCap Gemini(F) 38,41 16,91 173PbuRandstad(Nl) 30,97 16,75 174IndSika(Ch) 2428,00 16,52 175FinPohjola Bank(Fl) 12,17 16,41 176IndNcc(S) 152,50 16,25 177FinMuenchenerRuck.(D) 141,55 16,05 178FinHelvetia Hld(Ch) 390,50 15,78 179FinB.P. E.Romagna(I) 5,53 15,58 180InfRollsRoyce Pl(Gb) 1167,00 15,25 181BpnHeineken(Nl) 51,67 15,23 182PbuNext(Gb) 4588,00 15,21 183BpnAssoc.Br.Foods(Gb) 1794,00 15,15 184FinJupiterFund(Gb) 307,80 15,09 185PbuAbertis(E) 13,72 15,00 186TelCable&Wir(Gb) 40,10 15,00 187FinB.EspiritoSanto(P) 0,73 14,98 188InfMeggit(Gb) 519,50 14,89 189PbuEndesa(E) 17,00 14,76 190EneGalp Energia(P) 12,29 14,75 191FinCNP Ass.(F) 11,34 14,52 192SalElekta(S) 103,40 14,39 193EneNeste Oil(Fl) 10,95 14,35 194IndRotor(Gb) 2668,00 13,97 195PbuAdecco(Ch) 51,60 13,84 196IndLundbergs(S) 257,20 13,65 197FinNordea(S) 77,85 13,57 198IndHochtief(D) 48,87 13,49 199IndSolvay(B) 107,90 13,14 200MatHolcim(Ch) 68,75 13,14 201IndNeopost(F) 49,15 12,58 202IndSulzer(Ch) 153,30 12,57



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





88FinAshtead(Gb) 599,00 0,20 89FinHsbcHoldings(Gb) 690,40 0,20 90FinClose Bros(Gb) 935,50 0,20 91PbuMichaelPage(Gb) 376,80 0,20 92BpnBritvic(Gb) 490,00 0,20 93TelTelenor(Nok) 120,10 0,20 94IndAbb(Ch) 20,14 0,19 95Telfreenet(D) 16,79 0,19 96BpnAdidas(D) 81,23 0,19 97MatRandgoldRes.(Gb) 4759,00 0,19 98TelAveva(Gb) 2227,00 0,19 99TelTelecity(Gb) 925,00 0,19 100FinJupiterFund(Gb) 307,80 0,19 101SalElekta(S) 103,40 0,19 102SalMeda(S) 78,45 0,19 103PbuAdecco(Ch) 51,60 0,18 104PbuDufry(Ch) 121,60 0,18 105SalColoplastB(Dk) 318,30 0,18 106TelAtos(F) 55,18 0,18 107IndWendel(F) 82,73 0,18 108IndEiffage(F) 36,01 0,18 109PbuRightmove(Gb) 2078,00 0,18 110TelTalktalk(Gb) 223,30 0,18 111FinJulius Baer(Ch) 36,44 0,17 112BpnCoca Cola Hbc(Ch) 1529,00 0,17 113SalStada Arznei(D) 32,92 0,17 114InfIngenico(F) 51,25 0,17 115BpnRemy Cointreau(F) 85,86 0,17 116BpnBooker(Gb) 120,30 0,17 117IndWoodGrp(Gb) 788,50 0,17 118BpnLuxottica(I) 38,46 0,17 119TelGemalto(Nl) 65,82 0,17 120PbuJMartins Sgps(P) 16,00 0,17 121FinRaiff Bank Int(A) 24,55 0,16 122FinPartnersHld(Ch) 248,40 0,16 123SalNovo Nordisk(Dk) 932,50 0,16 124PbuDistribuidora Inte Alim(E) 5,93 0,16 125FinRsa Insrance G(Gb) 116,00 0,16 126IndFiltrona(Gb) 674,50 0,16 127IndMondi(Gb) 777,50 0,16 128InfFinmecc.(I) 3,84 0,16 129InfAsml Holding(Nl) 59,23 0,16 130FinStorebrand(Nok) 28,36 0,16 131IndAker Solutions(Nok) 85,75 0,16 132IndElectroluxB(S) 172,50 0,16 133PbuSgs(Ch) 2102,00 0,15 134FinDeutscheWohnen(D) 13,40 0,15 135IndSymriseAg(D) 30,38 0,15 136SalWilliam Demant(Dk) 459,00 0,15 137PbuKeskoB(Fl) 22,07 0,15 138IndKemira Oy(Fl) 11,76 0,15 139SalBtg(Gb) 369,60 0,15 140BvoPaddyPower(Irl) 64,80 0,15 141PbuRyanair Hldgs(Irl) 6,69 0,15 142PbuEnelGreen Power(I) 1,60 0,15

143IndOrklaA(Nok) 49,39 0,15 144BpnScaB(S) 166,10 0,15 145SalSonovaHld(Ch) 104,60 0,14 146BpnBeiersdorf(D) 66,98 0,14 147TelSap(D) 57,24 0,14 148IndKoneCorporati(Fl) 65,70 0,14 149FinBarclays(Gb) 296,55 0,14 150EneAfren(Gb) 119,00 0,14 151PbuExperian(Gb) 1140,00 0,14 152MatCRH(Irl) 15,44 0,14 153SalShire(Gb) 2084,00 0,14 154BvoSchibsted(Nok) 252,00 0,14 155IndHexagon(S) 190,20 0,14 156IndAndritz(A) 38,70 0,13 157IndAckermans V.Haar(B) 64,40 0,13 158IndSika(Ch) 2428,00 0,13 159BpnLindt&Spruengli(Ch) 39535 0,13 160IndClariant(Ch) 13,59 0,13 161IndSwatch GroupI(Ch) 529,00 0,13 162SalLonza(Ch) 69,75 0,13 163TelDeutscheTelek(D) 8,77 0,13 164IndSiemens(D) 79,13 0,13 165SalGerresheimer(D) 44,09 0,13 166PbuHugo Boss(D) 82,85 0,13 167IndKonecranesOyj(Fl) 24,48 0,13 168PbuTeleperformance(F) 35,72 0,13 169IndSaint-Gobain(F) 31,70 0,13 170InfZodiac Aer.(F) 102,40 0,13 171PbuEdenred(F) 23,92 0,13 172BpnSabmiller(Gb) 3203,00 0,13 173MatRioTinto(Gb) 2759,50 0,13 174BvoCarnival(Gb) 2195,00 0,13 175PbuIntertekGroup(Gb) 3057,00 0,13 176IndPetrofac(Gb) 1297,00 0,13 177FinOldMutual(Gb) 183,00 0,13 178IndSubsea7(Lu) 128,00 0,13 179IndTrelleborg(S) 103,10 0,13 180FinImmofinanz(A) 3,04 0,12 181MatVoestalpine(A) 27,52 0,12 182IndPargesaHld(Ch) 64,00 0,12 183PbuKuehne&Nagel(Ch) 103,60 0,12 184IndRichemontI(Ch) 81,45 0,12 185IndGea Group(D) 28,48 0,12 186BpnCarlsberg B(Dk) 515,00 0,12 187SalChsHansen(Dk) 197,50 0,12 188IndWartsilaB(Fl) 34,53 0,12 189IndBouygues(F) 19,71 0,12 190FinNatixis(F) 3,36 0,12 191PbuChristian Dior(F) 131,55 0,12 192PbuBureau Veritas(F) 85,02 0,12 193IndBerkeley(Gb) 2019,00 0,12 194BvoWhitbread(Gb) 2906,00 0,12 195BvoIntercontHote(Gb) 1801,00 0,12 196BpnC&C Group(Irl) 4,75 0,12 197IndScaniaB(S) 145,10 0,12 198FinAllrealHld(Ch) 132,60 0,11 199SalActelionHldg(Ch) 56,05 0,11 200IndSulzer(Ch) 153,30 0,11 201PbuInditex(E) 99,49 0,11 202IndUpm-KymmeneOy(Fl) 7,80 0,11


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

1 Eni IT0003132476 u 57155 0,872 Enel IT0003128367 u 24990 1,003 UniCredit 22205

Risparmion.c. IT0004781420 ¬ 19 1,11Ordinarie IT0004781412 ¬ 22187 n.s.

4 Generali IT0000062072 u 21309 1,195 Intesa Sanpaolo 20867

Ordinarie IT0000072618 u 19873 1,82Risparmion.c. IT0000072626 u 995 1,72

6 Luxottica IT0001479374 u 18646 0,417 Snam IT0003153415 u 12026 0,578 Fiat Industrial IT0004644743 u 10328 —9 TelecomItalia 9431

Ordinarie IT0003497168 u 6914 0,88Risparmion.c. IT0003497176 u 2517 —

10 Atlantia IT0003506190 u 8222 —11 EnelGreen Power IT0004618465 u 8013 —12 Fiat IT0001976403 ¬ 6670 1,3713 TERNA IT0003242622 u 6640 —14 Saipem 6018

Ordinarie IT0000068525 u 6018 1,17Risparmio IT0000068533 ¬ —

15 Exor 5912Privilegiate IT0001353157 ¬ 1841 1,03Risparmio IT0004436447 ¬ 221 —Ordinarie IT0001353140 ¬ 3850 —

16 Pirelli& C. 4430Ordinarie IT0004623051 v 4350 1,04Risparmion.c. IT0004623333 ¬ 79 0,87

17 Mediobanca IT0000062957 v 4238 1,3318 ParmalatS.p.a. IT0003826473 ¬ 4235 —19 SalvatoreFerragamo IT0004712375 u 3888 —20 Mediolanum IT0001279501 ¬ 3603 1,4921 Lottomatica IT0003990402 u 3402 —22 Tod's IT0003007728 u 3340 0,7723 Campari IT0003849244 ¬ 3313 0,4124 Prysmian IT0004176001 u 3168 —25 Mediaset IT0001063210 v 3020 1,4326 Autogrill IT0001137345 v 2730 0,6227 UBIBanca IT0003487029 u 2635 1,4828 MontePaschi IT0001334587 u 2357 1,7529 Finmeccanica IT0003856405 u 2328 1,3230 BuzziUnicem 2218

Ordinarie IT0001347308 ¬ 1972 1,14Risparmion.c. IT0001369427 ¬ 246 1,01

31 AzimutHolding IT0003261697 u 2022 —32 Gemina 2007


33 Fondiaria-Sai 1985Ordinarie IT0004827447 ¬ 1409 1,41Risparmion.c. IT0004827454 ¬ 166 1,16Risparmio IT0004827488 ¬ 409 —

34 A2A IT0001233417 ¬ 1982 1,0935 Banca Generali IT0001031084 v 1938 —36 Hera IT0001250932 u 1903 0,6737 Unipol 1879

Ordinarie IT0004810054 ¬ 1213 1,03Privilegiate IT0004810062 ¬ 666 1,21

38 De'Longhi IT0003115950 ¬ 1777 0,8739 Diasorin IT0003492391 v 1756 —40 Recordati IT0003828271 v 1739 0,4441 BancoPopolare IT0004231566 u 1709 1,60

42 B.caPop. Emilia Rom. IT0000066123 u 1628 1,2543 Sias IT0003201198 u 1489 0,8644 Acea IT0001207098 v 1362 0,8945 Cr.Emiliano IT0003121677 u 1298 1,2746 BrunelloCucinelli IT0004764699 ¬ 1268 —47 Italcementi 1249

Ordinarie IT0001465159 v 970 1,26Risparmion.c. IT0001465167 v 279 1,17

48 B.caPop. Sondrio IT0000784196 u 1229 0,8749 Danieli 1222


50 B.caPop. Milano IT0000064482 u 1192 1,6251 AnsaldoSts IT0003977540 ¬ 1188 —52 Impregilo 1127

Ordinarie IT0003865570 u 1127 0,86Risparmion.c. IT0003865588 u 0,34

53 Erg IT0001157020 u 1037 0,7554 Iren IT0003027817 ¬ 1017 1,4355 B.caCarige 1007

Risparmio IT0003308878 ¬ 3 0,51Ordinarie IT0003211601 u 1004 1,18

56 Saras IT0000433307 ¬ 998 —57 C.Ass.Milano 993

Ordinarie IT0000062221 ¬ 923 1,56Risparmion.c. IT0000062205 ¬ 70 1,39

58 YOOXS.P.A. IT0003540470 ¬ 968 —59 Sorin IT0003544431 u 931 —60 BeniStabili IT0001389631 u 930 1,2761 Brembo IT0001050910 ¬ 892 1,0362 SafiloGroup IT0004604762 ¬ 864 —63 Amplifon IT0004056880 ¬ 846 0,6464 CattolicaAss IT0000784154 ¬ 838 0,7965 AutoTo-Mi IT0000084027 u 793 0,8566 EI TOWERS IT0003043418 ¬ 759 —67 IndesitCompany 739

Ordinarie IT0000076197 ¬ 736 1,17Risparmion.c. IT0000076320 u 3 0,24

68 InterpumpGr. IT0001078911 ¬ 721 0,9069 Cr.Bergamasco IT0000064359 u 703 0,3970 Piaggio IT0003073266 u 693 —71 SAVE IT0001490736 ¬ 677 —72 Cir IT0000080447 ¬ 668 0,9373 Ima IT0001049623 u 634 0,2674 Camfin IT0000070810 ¬ 626 1,3175 Marr IT0003428445 u 620 —76 Italmobiliare 519

Ordinarie IT0000074598 u 348 0,98Risparmion.c. IT0000074614 ¬ 171 0,93

77 Astaldi IT0003261069 u 516 0,9878 Geox IT0003697080 u 514 —79 Sol IT0001206769 ¬ 476 0,2980 B.caIntermobil. IT0000074077 ¬ 463 0,3181 TreviFin. IT0001351383 u 458 1,4082 Vittoria Ass. IT0000062882 ¬ 441 0,5783 B.caIfis IT0003188064 ¬ 435 —84 Cr.Valtellinese IT0000064516 ¬ 431 1,1685 Dea Capital IT0001431805 u 413 0,5486 Moleskine IT0004894900 ¬ 411 —87 ZignagoVetro IT0004171440 u 387 —88 Datalogic IT0004053440 v 373 0,2989 EngineeringI.I. IT0003029441 ¬ 369 0,2290 Gr.L'Espresso IT0001398541 v 342 1,03


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

91 Cementir IT0003126783 u 340 0,7592 Ascopiave IT0004093263 u 307 —93 Reply IT0001499679 ¬ 303 0,3094 Sogefi IT0000076536 v 291 0,8595 Cofide IT0000070786 u 289 0,8096 Nice IT0003317945 ¬ 288 —97 CairoComm. IT0004329733 v 264 0,6798 IGD IT0003745889 u 257 —99 FalckRen. IT0003198790 ¬ 243 1,01

100 B.coDesio 240Ordinarie IT0001041000 ¬ 217 0,56Risparmion.c. IT0001281374 u 24 0,11

101 Mondadori IT0001469383 u 222 0,86102 RCS Mediagroup 217


103 Tamburi Inv. Partners IT0003153621 u 211 —104 Bon.Ferraresi IT0000074135 u 210 0,13105 Gasplus IT0004098510 ¬ 204 —106 PoltronaFrau IT0004114846 v 192 —107 Juventus IT0000336518 u 190 0,46108 FieraMilano IT0003365613 u 187 0,60109 Risanamento IT0001402269 v 185 1,10110 Esprinet IT0003850929 u 179 1,33111 B.caProfilo IT0001073045 u 153 0,64112 B.caPop. Etruria Lazio IT0004919327 ¬ 150 1,06113 Mittel IT0001447348 ¬ 149 0,49114 AlerionCleanp. IT0004720733 ¬ 148 0,38115 Immsi IT0001413837 u 146 0,76116 VianiniLav. IT0003127864 ¬ 145 0,44117 Caltagirone IT0003127930 u 144 0,51118 SaesGetters 142


119 MutuiOnline IT0004195308 v 142 —120 LandiRenzo IT0004210289 u 126 —121 MaireTecnimont IT0004931058 ¬ 126 —122 Cembre IT0001128047 u 118 0,42123 TelecomItalia Media 115


124 Emak IT0001237053 ¬ 113 0,31125 DeLclima IT0004772502 u 109 —126 Sabaf IT0001042610 u 103 0,48127 Edison IT0003372205 u 101 0,24127 MolecularMedicine IT0001080248 u 99 —128 B.caFinnat IT0000088853 u 98 0,57129 KmeGroup 96

Ordinarie IT0004552359 ¬ 96 0,59Risparmion.c. IT0004552367 ¬ 0,53Risparmio IT0004867930 ¬ —

130 Servizi Italia IT0003814537 u 93 —131 SAT IT0000214293 ¬ 92 —132 CaltagironeEdit. IT0001472171 u 92 0,56133 Carraro IT0001046553 ¬ 91 1,22134 BasicNet IT0001033700 u 90 0,32135 Aeroporto Firenze IT0000346798 ¬ 86 0,16136 FNM IT0000060886 u 86 0,62137 Damiani IT0004249329 u 84 —138 Snai IT0000074903 u 84 0,74139 Pininfarina IT0003056386 u 81 1,03140 Biesse IT0003097257 v 80 1,32141 PrimaIndustrie IT0003124663 u 78 0,60

142 M&C IT0003955009 u 76 —143 Acotel IT0001469953 u 75 0,56144 Retelit IT0004370463 ¬ 75 0,60145 Bolzoni IT0004027279 u 74 —146 TerniEnergia S.P.A. IT0004359037 u 74 —147 La Doria IT0001055521 ¬ 73 0,30148 El.En. IT0001481867 u 72 0,71149 Tiscali IT0004513666 u 72 1,06150 Elica IT0003404214 ¬ 71 —151 Tesmec IT0004585243 u 70 —152 Piquadro IT0004240443 ¬ 69 —153 Beghelli IT0001223277 ¬ 68 0,80154 Premafin IT0001475109 u 68 0,93155 Autos. Merid. IT0000084043 ¬ 64 0,35156 RomaA.S. IT0001008876 u 63 0,37157 Dada IT0001455473 ¬ 62 0,90158 Brioschi SviluppoImm. IT0000066180 u 60 0,97159 Aeffe IT0001384590 u 58 —160 Txte-solutions IT0001454435 v 58 0,46161 Acsm-Agam IT0001382024 ¬ 56 0,77162 Ratti IT0004724107 ¬ 56 0,33163 Ciccolella IT0000080421 u 54 0,60164 Prelios IT0004923022 ¬ 52 1,57165 PanariaGroup IT0001467577 ¬ 51 —166 B.caPop. Spoleto IT0001007209 u 51 0,53167 B.coSardegna IT0001005070 ¬ 50 0,41168 Premuda IT0003676282 v 47 0,50169 CSPInternational IT0001127874 ¬ 45 0,49170 Monrif IT0000066016 ¬ 44 0,36171 B&C Speakers IT0001268561 ¬ 43 —172 Reno De Medici IT0001178299 u 43 0,49173 Eurotech IT0003895668 u 42 —174 Valsoia IT0001018362 u 42 —175 Irce IT0001077780 u 41 0,39176 CAD IT IT0001489720 u 39 0,61177 Aedes IT0000074028 ¬ 38 1,10178 K.R.Energy IT0004841315 ¬ 37 0,95179 Exprivia IT0001477402 ¬ 36 0,95180 Isagro IT0001069902 ¬ 35 —181 Gefran IT0003203947 u 34 0,74182 Vianini Ind. IT0003127898 ¬ 30 0,22183 PoligraficiEditoriale IT0000086923 ¬ 30 0,37184 SeatPagine Gialle 29

Risparmio IT0004458151 u —Ordinarie IT0004458094 ¬ 29 —

185 Ambienthesis(exSadi Serv. Ind) IT0001042297 v 29 0,64186 ConafiPrestitò IT0004105653 u 28 —187 AcquePotabili IT0004269327 ¬ 28 0,99188 CobraAuto Techn. IT0001142022 u 28 —189 S.S. Lazio IT0003621783 u 28 0,40190 CIA IT0003389522 v 27 0,38191 Kinexia IT0004441603 u 25 0,53192 BeeTeam IT0001479523 u 24 1,19193 Stefanel 23

Ordinarie IT0004607518 ¬ 23 0,78Risparmio IT0004607526 ¬ —

194 Noemalife IT0004014533 ¬ 22 —195 Fullsix IT0001487047 ¬ 22 0,23196 IlSole24 Ore IT0004269723 u 21 —197 ClassEditori IT0001276408 u 20 0,87198 CapeListed IT0004222458 ¬ 19 —199 Ergy IT0004370448 u 19 —200 Tas IT0001424644 ¬ 18 0,88


la classifica di piazza affari

201 Caleffi IT0003025019 u 18 —202 BiancamanoS.p.a. IT0004095888 ¬ 17 —203 CentraleLatte To IT0003023980 u 17 0,40204 DigitalBros IT0001469995 ¬ 16 0,45205 Bialetti Industrie IT0004222102 u 15 —206 Ricchetti IT0003690283 ¬ 15 0,47207 Montefibre 15


208 Bastogi IT0004412497 ¬ 14 0,58209 Gabetti IT0000062650 ¬ 13 1,15210 Zucchi 13


211 ROSSS IT0004297575 u 13 —212 EEMS IT0001498234 ¬ 12 —213 Fidia IT0001498481 ¬ 12 0,67214 Pierrel IT0004007560 u 12 —215 MondoTV IT0001447785 u 12 0,99216 EuKedos IT0004818297 ¬ 11 —217 ItWay IT0003057624 ¬ 11 0,53218 Chl IT0001446613 u 10 0,80219 SSBT IT0003745129 ¬ 10 —220 Bioera IT0004711203 ¬ 9 —221 Olidata IT0001350625 u 9 0,78222 Mediacontech IT0001210902 u 9 0,60223 DmailGroup IT0004819030 ¬ 6 1,21224 Arena IT0001347175 u 6 1,13225 Le BuoneSocietà IT0001339321 ¬ 5 neg.226 MovieMax IT0003765267 ¬ 5 —227 Investimentie Sviluppo IT0004748346 ¬ 5 1,13

228 AntichiPellettieri IT0004016504 u 4 —229 Sintesi IT0004659428 ¬ 4 0,57230 Borgosesia 1

Ordinarie IT0003217335 ¬ 0,22Risparmion.c. IT0003217368 ¬ 1 —

231 Cdc IT0001477337 ¬ 0 0,49232 Crespi IT0001054904 u 0 0,65233 Grandi Viaggi IT0001244026 ¬ 0 0,24234 RDB IT0000795549 ¬ 0 —235 Pol.S.Faustino IT0001352217 v 0 0,38236 Aicon IT0004167760 ¬ 0 —237 Sopaf IT0003836720 ¬ 0 —238 Pramac IT0001493581 u 0 —239 Meridie IT0004283807 ¬ 0 —240 NOVA RE IT0001162509 ¬ 0 —241 BoeroB. IT0000066966 ¬ 0 —242 CogemeSet IT0004092216 ¬ 0 —243 AiònRenew. IT0003926661 ¬ 0 —244 UniLand Spa IT0004375389 ¬ 0 —245 EnervitS.p.a. IT0004356751 v 0 —246 BestUnion Company IT0004273915 u 0 —247 Industria e Innovazione IT0004179088 ¬ 0 —

TOTALE 359196

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 Exxon Mobil(USA) 225171,77 22,57 2,432 Apple Inc(USA) 220958,11 170,19 3,333 Royal Bank Sco(GB) 213248,91 -85,43 0,564 Google(USA) 166290,89 85,78 4,105 Nestle Sa(CH) 163516,14 27,16 3,276 Roche Holding Ag(CH) 161257,86 31,06 13,477 Microsoft Cp(USA) 160753,71 38,16 4,308 Toyota Motor C(JP) 158817,84 6,92 1,539 Royal Dtch Shl(GB) 158388,24 11,74 1,18

10 Royal Dtch Shl(NL) 158362,58 -3,11 1,0811 Berkshre Cl B(USA) 156253,65 57,99 1,4712 Hsbc Holdings(GB) 149893,41 -1,70 1,2013 Novartis(CH) 147428,90 26,94 2,5314 General Elec Co(USA) 136894,66 -0,72 2,0215 Wal-Mart Stores(USA) 135776,04 49,14 3,0416 Johnson Johnson(USA) 132648,90 51,74 3,5817 Chevron(USA) 129993,04 43,75 1,6818 Intl Bus Machine(USA) 124606,18 86,65 11,9619 Wells Fargo & Co(USA) 119843,21 83,31 1,4520 Procter & Gamble(USA) 118374,21 38,18 3,4221 Pfizer Inc(USA) 114869,04 89,23 2,5722 Jpmorgan Chase(USA) 112636,82 60,10 1,0323 Ab Inbev(B) 112038,55 132,59 3,5724 Sanofi(F) 107554,75 92,63 1,8525 At&T(USA) 105537,74 15,88 2,1226 Vodafone Group(GB) 102920,81 21,90 1,2527 Bp(GB) 100952,31 -20,21 1,1928 Coca-Cola Co(USA) 100157,06 75,02 5,4929 Glaxosmithklin(GB) 95699,02 49,87 13,8330 Total(F) 90553,62 -26,24 1,1831 Oracle Corp(USA) 89366,54 73,53 3,5332 Unilever(GB) 88732,45 77,56 6,2133 Citigroup(USA) 83872,62 -71,62 0,7934 Philip Morris(USA) 82151,24 106,94 —35 Visa Inc(USA) 80494,03 150,42 4,4136 Merck & Co(USA) 79954,33 54,44 2,5237 Verizon Comms(USA) 79687,15 69,58 4,2538 Bank Of America(USA) 79130,73 -45,84 0,6439 Brit Am Tobacc(GB) 78029,41 95,54 9,0340 L Oreal(F) 77140,76 75,85 3,6941 Cisco Systems(USA) 73401,56 11,75 2,5342 Volkswagen Pref.(D) 72497,60 65,20 0,9643 Richemont I(CH) 72078,86 162,91 3,8244 Sap(D) 70724,99 69,72 4,8445 Amazon Com(USA) 70470,01 281,46 15,4046 Siemens(D) 70189,27 6,10 2,2747 Bayer(D) 69620,74 61,19 3,7748 Pepsico Inc(USA) 69612,55 41,86 5,5949 Intel Corp(USA) 69159,23 26,42 2,4550 Basf(D) 67875,58 59,99 2,7651 Mitsub Ufj Fg(JP) 65882,31 -42,87 0,7452 Lvmh(F) 64839,37 81,35 2,6053 Walt Disney Co(USA) 64473,23 126,01 2,8754 Royal Bk Can(CAN) 64110,97 24,14 2,2255 Home Depot Inc(USA) 61726,17 222,80 6,3356 Sabmiller(GB) 61324,64 188,04 3,2357 Inditex(E) 60980,42 220,65 7,2258 Qualcomm Inc(USA) 59529,11 42,05 3,1659 Comcast Corp A(USA) 58468,19 126,10 2,1360 Eni(I) 58437,70 -33,19 0,98

61 B. Santander(E) 56750,41 -51,16 0,7362 Diageo(GB) 56479,35 109,29 8,5063 Toronto Dom Bk(CAN) 55393,19 23,46 1,7064 Mcdonald'S Corp(USA) 55128,08 94,87 6,6965 Japan Tobacco(JP) 54692,40 54,55 3,5866 Schlumberger Ltd(USA) 54304,33 -19,09 2,7667 Bnp Paribas(F) 54243,37 -25,45 0,6968 Ntt(JP) 52848,97 0,79 0,7369 Allianz(D) 52479,85 -1,96 0,9870 Unilever Cert(NL) 52264,90 59,83 5,6971 Ubs Ag(CH) 51736,11 -30,34 1,3772 Lloyds Bnk Grp(GB) 51382,33 -62,50 0,9973 Honda Motor(JP) 50672,81 -3,65 1,2874 Daimler(D) 49937,62 5,37 1,1575 Bk Nova Scotia(CAN) 49895,13 12,67 1,9176 Ntt Docomo(JP) 49801,55 -6,19 1,1177 United Tech Cp(USA) 48181,77 58,13 3,2478 Glencore(GB) 47626,13 — 1,1179 Bg Group(GB) 47527,89 -3,86 2,0080 Astrazeneca(GB) 47417,89 53,09 2,7781 Smfg(JP) 47046,42 -52,68 0,9082 Rio Tinto(GB) 46218,79 -44,25 1,8083 Telefonica(E) 46215,65 -40,96 2,2384 United Parcel B(USA) 45389,81 49,31 17,1385 Amer Express Co(USA) 45383,80 101,20 4,2786 Barclays(GB) 45324,83 -1,95 0,6987 Bmw(D) 44897,16 111,96 1,5188 Bhp Billiton(GB) 44719,26 -7,08 2,3889 H & M B(S) 43446,85 32,22 8,5090 Boeing Co(USA) 43170,68 53,54 12,8891 Gilead Sci(USA) 42952,46 110,81 8,6492 3M Company(USA) 42853,43 73,93 4,2893 Bristol Myers Sq(USA) 42093,50 167,13 5,0894 Conocophillips(USA) 41988,27 -0,13 1,5395 News Corp A(USA) 41562,63 118,56 3,1396 Goldm Sachs Grp(USA) 41428,17 -0,13 1,1097 Standrd Chart(GB) 41394,58 15,66 1,3098 Amgen(USA) 41394,10 155,47 3,7299 Occidental Pete(USA) 41139,87 22,03 1,82

100 Union Pacific Cp(USA) 40434,75 131,19 3,64101 Cvs Caremark Crp(USA) 40262,54 64,53 1,93102 Reckit Bncsr G(GB) 39764,63 70,76 5,80103 Mastercard Cl A(USA) 39669,79 131,56 10,35104 Altria Group(USA) 39336,21 95,02 18,78105 Deutsche Telek(D) 39246,01 -12,62 1,47106 Abb(CH) 39004,72 -35,26 3,07107 Abbvie(USA) 37915,40 — 19,89108 Gdf Suez(F) 37784,82 -63,41 0,63109 Ebay Inc(USA) 37721,66 106,90 3,24110 Axa(F) 37716,87 -23,07 0,77111 Bbva(E) 37259,66 -45,41 0,89112 Unitedhealth Gp(USA) 37043,89 170,38 2,15113 Amer Intl Group(USA) 36815,37 -90,66 0,66114 Mizuho Financi(JP) 36798,78 -64,66 0,84115 Danone(F) 36776,36 24,26 2,81116 Us Bancorp(USA) 36222,07 35,90 1,89117 Nissan Motor C(JP) 36182,75 9,91 1,15118 Nordea(S) 35445,94 8,76 1,26119 Eads(F) 35186,97 220,25 3,33120 Deutsche Bank(D) 35075,88 -37,66 0,59

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

areaeuro3Edenred FR0011244367 BBB 05-22 105,302 3,061Eu EU000A1GY6W8 AAA 04-42 113,193 3,053Bpce Sa FR0011390921 A 01-24 98,422 3,052IntesaSanpaolo XS0467864160 BBB 11-16 102,244 3,043Kpn XS0811124790 BBB 02-21 101,431 3,032Wal-Mart XS0453133950 AA 09-29 123,464 3,023SaintGobn XS0791007734 BBB 06-21 104,170 3,023SantndIntl Debt XS0828735893 BBB 03-16 104,129 3,023Bhp BillFin XS0834385923 A 09-27 102,610 3,023SocieteGenerale XS0802756683 A 07-22 109,744 3,003Heineken Nv XS0811555183 BBB 08-25 98,833 2,992Chu FR0010889253 A 04-20 103,884 2,983Teliasonera XS0826189028 A 09-27 100,192 2,983IntesaSanpaolo XS0829329506 BBB 09-16 103,459 2,983Omv XS0834371469 A 09-27 105,936 2,983Snam XS0853682069 BBB 02-20 103,023 2,983Bouygues FR0011332196 BBB 01-23 105,336 2,973PetrobasGlb Fin XS0835886598 BBB 04-19 101,465 2,962Autorts SudFra FR0010807503 BBB 09-24 126,408 2,953Credit Agricole XS0617251995 A 04-23 118,287 2,953CeskeDrahy XS0807706006 BBB 07-19 106,446 2,952Edf FR0010961540 A 11-25 110,797 2,943Casino FR0011052661 BBB 05-21 112,440 2,941Atlantia IT0004869985 BBB 11-18 103,348 2,941Tele Fin XS0767278301 BBB 04-22 108,017 2,943Caixabank ES0340609140 BBB 01-16 100,753 2,933EvrythgEvry Fin XS0811603090 BBB 08-18 101,488 2,933RioTint Finance XS0863127279 A 12-24 99,632 2,911EuropeanFin Sta EU000A1G0AT6 AA 04-37 108,056 2,903Eutelsat FR0011339746 BBB 10-22 101,765 2,901Bnp Paribas XS0847433561 A 10-22 99,747 2,902Teliasonera XS0545428285 A 10-25 110,030 2,891EuropeanUnion EU000A1A2KZ4 AAA 10-25 100,006 2,873Atlantia XS0744125302 BBB 02-19 108,300 2,872Edf FR0010800540 A 09-24 116,687 2,863Vivendi FR0011076462 BBB 07-21 113,364 2,862AmericaMovil XS0519902851 A 06-22 114,759 2,863HitFinance XS0602534637 BBB 03-18 112,583 2,851DeutscheTel Int XS0847580353 BBB 10-24 98,970 2,853Bpce Sa FR0011280056 A 02-23 111,653 2,841Eib XS0752034206 AAA 03-42 115,208 2,841EnbwIntFin XS0207320242 A 01-25 119,822 2,833Snam XS0806449814 BBB 01-19 111,013 2,832SocGen Accept FR0010522631 A 09-17 109,062 2,823PetrobrasIntl XS0716979249 BBB 03-18 108,913 2,823Rentokil Initial XS0832466931 BBB 09-19 103,104 2,823EnelFin XS0842659343 BBB 04-18 103,613 2,811Eib XS0219724878 AAA 10-37 120,928 2,802Smbc XS0555833580 A 11-20 107,853 2,804NlWaterschapsbk XS0614464609 AAA 04-31 68,068 2,803IngBank XS0748187902 A 02-22 112,891 2,803TlefonicaEmisns XS0828012863 BBB 09-17 111,795 2,791Eu EU000A1G30R0 AAA 04-38 110,393 2,783Manpower XS0794990050 BBB 06-18 107,916 2,783G4SIntl Fin XS0862010625 BBB 12-18 99,184 2,783PhilipMorris XS0787527349 A 05-24 100,976 2,771LanxessFinance XS0855167523 BBB 11-22 98,739 2,772Credit Agri Lon XS0526711832 A 07-20 107,848 2,763FranceTelecom XS0827999318 BBB 03-23 97,740 2,76

3MondiFin XS0834719303 BBB 09-20 103,985 2,761EuropeanFin Sta EU000A1G0AJ7 AA 03-32 116,199 2,751Heineken Nv XS0758420748 BBB 03-24 106,868 2,753FVan Lanscht Bk XS0842560640 BBB 10-16 100,324 2,751Abinbev BE6243179650 A 09-24 101,259 2,743Bouygues FR0011193515 BBB 02-22 113,297 2,741Bnp Paribas XS0606704558 A 03-23 114,767 2,743BanqueFedera XS0819130302 A 08-22 104,071 2,742ReteElettrica XS0605214336 BBB 03-21 113,871 2,733Repsol IntlFina XS0831370613 BBB 02-18 107,092 2,732BhwBausparkasse DE000A0Z19B5 A 09-24 111,850 2,723SocieteGenerale XS0596704170 A 03-21 113,874 2,723XstrataFin Du XS0857215346 BBB 11-18 99,501 2,722ScietGenrle FR0010975839 A 12-20 110,914 2,712ScietGenrle XS0526814487 A 07-20 108,174 2,712A2A XS0463509959 BBB 11-16 105,670 2,703GlencoreFin Eur XS0767815599 BBB 04-18 108,475 2,703CarlsbergBrews XS0854746343 BBB 11-22 99,333 2,701Eu EU000A1G1Q17 AAA 04-32 109,880 2,693AmericaMovil XS0802174044 A 07-21 102,148 2,693AkzoNobl Sweden XS0809847667 BBB 07-22 99,420 2,693FonciereDes Reg FR0011345545 BBB 01-18 105,038 2,684Eib XS0116967836 AAA 09-30 63,417 2,681AbnAmro Ban XS0765299572 A 03-22 111,103 2,681Eib XS0093667334 AAA 02-28 135,321 2,672FranceTelecom XS0541453147 A 09-22 105,622 2,673Teliasonera XS0746010908 A 02-24 108,657 2,673Bhp BillFin XS0787786440 A 05-24 103,054 2,671DeutschePost XS0862952297 BBB 12-24 102,068 2,661Strabg AT0000A0PHV9 BBB 05-18 109,550 2,653Delhaize BE0002189554 BBB 02-20 102,814 2,65

sterlina inglese4Thames Wtr UtCy XS0800185174 A 07-34 101,124 4,243UkCareNo1 XS0103615323 AAA 10-29 123,916 4,243MarksSpencer XS0471074582 BBB 12-19 110,174 4,234SiemensFinancrg DE000A1G85D0 A 09-42 91,177 4,234Apt Pipelines XS0858000606 BBB 11-24 100,114 4,193Pfizer XS0432072022 A 06-38 134,388 4,193Circle Anglia XS0398990944 A 11-38 147,455 4,193BatIntl Finance XS0468426266 A 11-34 124,560 4,183Wal-Mart XS0279211832 AA 01-39 110,792 4,184ImperialTob Fin XS0683568223 BBB 09-26 113,015 4,154Rio Tint Finance XS0863076930 A 12-29 97,727 4,141Wal-Mart XS0202077953 AA 09-35 115,991 4,144GatwickFunding XS0733794407 BBB 01-26 110,359 4,131Rabobank XS0228265574 AA 08-29 104,410 4,124WellsFar XS0828013838 A 09-29 92,936 4,103EastJapanRy XS0241265445 AA 01-36 105,421 4,084AmericaMovil XS0699618350 A 10-26 109,226 4,044LndnQdrnt Hous XS0769361709 A 12-33 108,293 4,024MorrisonSupermk XS0808629389 A 07-26 94,868 4,004Centrica XS0753789980 A 03-29 103,721 4,004YorkshBradford XS0810290832 A 08-29 95,636 3,993Wal-Mart XS0419834931 AA 03-34 122,812 3,994NtnlGridElec XS0789331948 A 06-27 99,746 3,984Amgen XS0710091140 BBB 12-26 115,022 3,984Notting Hill XS0868031781 A 12-32 96,945 3,974TemasekFinancI XS0528414377 AAA 07-40 118,414 3,961XstrataCan Fin XS0366204393 BBB 05-20 119,993 3,96

datial 20.06.2013 codiceisin rating obbligazioneemittente prezzo rend.

scad. indic. effet.


scad. indic. effet.


quanto rendono i bond

3NorthGas Finan XS0234964459 BBB 06-27 109,248 3,963EastJapanRy XS0276809927 AA 12-31 109,753 3,954AngliWater Fin XS0764876693 A 10-27 105,550 3,943EastJapanRy XS0257129519 AA 06-34 112,699 3,931Elcty NorthWest GB0006421902 BBB 03-26 148,250 3,934Wales &West Fin XS0702020933 A 03-28 111,581 3,903WellcomeTrst Fn XS0261559594 AAA 07-36 110,718 3,871Wal-Mart XS0121617517 AA 12-30 123,718 3,874Jpmorg Chas XS0866897829 A 12-26 96,366 3,844Tdc XS0593952111 BBB 02-23 113,968 3,823Statoil XS0416848793 AA 03-31 138,165 3,824MotabilityOprtn XS0742069726 A 02-27 105,885 3,814MorrisonSupermk XS0717069073 A 12-23 107,071 3,791Eib XS0096499057 AAA 04-39 119,460 3,764GlaxoCap XS0866588527 A 12-27 95,674 3,734MetroLife Globl XS0834641358 AA 09-26 97,536 3,734SevrnTrnt Util XS0875301912 BBB 01-26 98,618 3,724Bae Systems XS0789683462 BBB 06-22 102,851 3,71

yen giapponese3Ge Capital XS0257884352 A 06-16 103,929 0,844BayerHolding XS0769661843 A 04-17 100,517 0,674NatlAust Bank XS0786619253 AA 06-17 101,259 0,644Vlkwagen Leasing XS0818040874 A 08-15 99,868 0,613Pfizer US717081CV36 A 02-16 103,445 0,483Rabobank XS0295495245 AA 04-17 105,248 0,451Eib US298785DN35 AAA 06-17 104,378 0,291Eib XS0223267914 AAA 06-17 104,580 0,244Eib XS0426254693 AAA 05-16 103,600 0,203Pfizer XS0245184188 A 02-16 104,266 0,193Nib US65562QAG01 AAA 04-17 106,038 0,124ProcterGamble XS0510936072 AA 05-15 101,584 0,11

dollaro usa4Ptt USY71548BZ60 BBB 10-42 88,675 5,261Altria Group US02209SAM52 BBB 08-42 85,054 5,254YapiVe Kredi Bk US984848AC56 BBB 01-20 93,167 5,241NewcrestFinance US65120FAC86 BBB 10-22 92,399 5,241Citigroup US172967FX46 BBB 01-42 109,226 5,241AtAndT Inc US00206RAN26 A 05-38 115,974 5,24

1AtAndT Inc US00206RAD44 A 09-37 117,107 5,241NewcrestFinance USQ66511AA69 BBB 11-21 94,736 5,231AtAndT Inc US00206RAG74 A 01-38 114,568 5,231Viacom USU9222XAL11 BBB 03-43 87,427 5,211CoxCommunicatin USU22018AK86 BBB 12-42 92,345 5,214SamMin USP84050AA46 BBB 11-22 92,000 5,214IpicGmtn US44985GAE17 AA 11-41 124,500 5,214Ntpc XS0835676353 BBB 10-22 96,648 5,201Vale Overseas US91911TAM53 BBB 01-22 94,304 5,201Ge Capital US36962G4B75 A 01-39 123,467 5,201FranceTelecom US35177PAX50 BBB 01-42 102,832 5,184Cnooc Fin 2012 USG23530AB75 AA 05-42 97,369 5,173Bancolombia US05968LAG77 BBB 06-21 105,000 5,171AtAndT Inc US04650NAB01 A 09-40 102,502 5,174Ebr XS0831571434 BBB 09-22 97,150 5,152BncContinental USP16260AA28 BBB 08-22 98,975 5,144YapiVe Kredi Bk XS0874840688 BBB 01-20 93,750 5,134CosFin 2011 XS0858461758 A 12-22 91,605 5,131Dell US24702RAE18 BBB 04-18 102,183 5,131AscianoFinance USQ0560UAD92 BBB 04-23 106,682 5,121AscianoFinance US04363UAD81 BBB 04-23 106,675 5,121Amgen US031162BA71 BBB 02-39 118,002 5,123Tesco USG87621AL52 BBB 11-37 114,669 5,091Citigroup US172967EC18 BBB 05-37 110,964 5,074FranshionInv XS0847609434 BB 10-17 98,605 5,061Tech Insu Amer USU87602AV70 AA 12-39 125,934 5,061VerizonComms US92343VAP94 A 04-38 125,679 5,064Cnooc Fn2011 USG2353WAB75 AA 01-41 110,265 5,051VerizonComms US92343VAK08 A 02-38 118,777 5,051PetrobrasIntl US71645WAP68 BBB 01-20 103,825 5,051Amgen US031162AY66 BBB 06-38 125,917 5,054Sasol Finac Intl US803865AA25 BBB 11-22 96,000 5,041AepTexas Cent US0010EPAF55 BBB 02-33 119,797 5,044SinopecGrp 2012 USG8189YAC87 A 05-42 97,555 5,034QtelIntl Finan XS0881740384 A 01-43 92,000 5,021Vodafone Grp US92857WAQ33 A 02-37 115,502 5,021Comcast US20030NAY76 A 07-39 122,027 5,021Amgen US031162BC38 BBB 03-40 110,528 5,023Telekom Malaysia USY8578HAC44 A 08-25 125,839 5,00

fonte: Ufficio Studi su dati Thomson Reuters


scad. indic. effet.


scad. indic. effet.


bond bancari a cura di

IT0004930563 Credem13-17 3% (Tv) TassoMisto 3/Euribor3m+1,10 150 27/06/2013 27/06/2017 No BBB — 2,19 2,95IT0004930522 CredBergamasco 13-18 3.50% Fisso/Call 3.5 200 28/06/2013 28/06/2018 No BBB — 3,53 3,2IT0004930530 CredBergamasco 13-16 3% Fisso 3 100 28/06/2013 28/06/2016 No BBB — 3,02 2,48IT0004930597 BcoPop 13-16 3% Fisso 3 250 28/06/2013 28/06/2016 No Baa3 505 3,02 2,48IT0004930738 BcoPop 13-18 3.50% Fisso/Call 3.5 450 28/06/2013 28/06/2018 No Baa3 505 3,53 3,2IT0004930936 Bnl13-18 3.35% (Tv) TassoMisto 3,35/Euribor3m+0,50/Cap3,50% 100 28/06/2013 28/06/2018 Si A- 138 1,68 3,2IT0004930951 Bnl13-18 Tv Variabile Euribor3m+1,45 50 28/06/2013 28/06/2018 No A- 138 1,66 2,58IT0004931066 Bnl13-16Tv Variabile Euribor3m+1,10 50 28/06/2013 28/06/2016 Si A- 138 1,31 2,35IT0004931371 Bnl13-17 3%(Tv) TassoMisto 3/2,50*Euribor3m/Cap 3% 100 28/06/2013 28/06/2017 Si A- 138 0,76 2,95IT0004931405 BcaEtruria Sub13-18 3.50% Fisso/Sub 3.5 50 28/06/2013 28/06/2018 No — 3,53 3,2IT0004931785 Mediobanca 13-19 3.50% StoxxG SelectDiv10 IndexLinked 3,50/StoxxGlobalSelect Dividend100 13 28/06/2013 28/06/2019 Si BBB+ 215 — —IT0004931801 UbiBca 13-15 2.50% (Tv) TassoMisto 2,50/Euribor12m+0,30 50 28/06/2013 28/06/2015 No BBB 291 1,65 1,9IT0004932585 BcaPopVicenza 13-182.50% Step-Up Step-Up/Call 2,50/5,00 30 28/06/2013 28/06/2018 Si BB+ — 3,36 3,2IT0004924525 BccAlpi MarittimeCarru' 13-182.80% Fisso 2.8 10 30/06/2013 30/06/2018 No — 2,82 3,2IT0004931124 Mediobanca13-19 3%(Tv) TassoMisto 3/Euribor3m+0,55 620 01/07/2013 01/07/2019 Si BBB+ 215 1,46 3,49IT0004931280 Veneto Bca 13-163%(Tv) TassoMisto 3/Euribor6m+1/Floor1,50% 60 01/07/2013 01/07/2016 Si BB+ — 2,07 2,48IT0004931363 Veneto Bca 13-17 2%Step-Up Step-Up 2,00/3,50 10 01/07/2013 01/07/2017 Si BB+ — 2,62 2,95IT0004924145 UbiBca 13-16 1.40% Fisso 1.4 200 05/07/2013 05/01/2016 No BBB 291 1,4 2,15IT0004924152 UbiBca 13-15 Tv Variabile Euribor3m+1 65 05/07/2013 05/07/2015 No BBB 291 2,02 2,31IT0004924186 UbiBca 13-16 2%(Tv) TassoMisto 2/Euribor3m+0,75 50 05/07/2013 05/07/2016 No BBB 291 1,31 2,48IT0004924285 UbiBca 13-15 2.25% (Tv) TassoMisto 2,25/Euribor3m+1,40 15 05/07/2013 05/07/2015 No BBB 291 1,94 2,03IT0004924368 UbiBca 13-16 2% Fisso 2 20 05/07/2013 05/07/2016 No BBB 291 2,01 2,48IT0004924376 UbiBca 13-15 2.50% Fisso 2.5 20 05/07/2013 05/07/2015 No BBB 291 2,52 2,03IT0004924392 UbiBca 13-16 2%(Tv) TassoMisto 2/Euribor3m+1,40 15 05/07/2013 05/07/2016 No BBB 291 1,88 2,48IT0004924400 UbiBca 13-15 1.80% Fisso 1.8 20 05/07/2013 05/07/2015 No BBB 291 1,81 2,03IT0004924582 UbiBca 13-16 2%(Tv) TassoMisto 2/Euribor3m+1,40 30 05/07/2013 05/07/2016 No BBB 291 1,75 2,48IT0004931249 Intesa Sanpaolo13-162.20% Fisso 2.2 350 10/07/2013 10/07/2016 Si BBB+ 304 2,2 2,71IT0004931264 Intesa Sanpaolo13-18 Tv Variabile Euribor3m+2 500 10/07/2013 10/07/2018 Si BBB+ 304 2,22 2,58IT0004931355 Intesa Sanpaolo13-161.75% Fisso 1.75 200 10/07/2013 10/07/2016 Si BBB+ 304 1,75 2,71IT0004931389 Intesa Sanpaolo13-193.50% (Tv) TassoMisto 3,50/Euribor3m+1,50/Cap4%/Floor 2,50% 300 10/07/2013 10/07/2019 Si BBB+ 304 2,85 3,49IT0004924608 UbiBca 13-15 2% Fisso 2 20 12/07/2013 12/07/2015 No BBB 291 2,01 2,03IT0004935786 Veneto Bca 13-162% Fisso 2 35 15/07/2013 15/01/2016 Si BB+ — 2,01 2,15IT0004931082 MediobancaTr 113-23 Tv Variabile Euribor3m+1,60/Cap4,30%/Floor 3% 20 24/07/2013 24/07/2023 Si BBB+ 215 3,02 4,21IT0004931090 Mediobanca13-18 Euro Stoxx 50 Linked IndexLinked EuroStoxx 50/Cap4% 15 24/07/2013 24/07/2018 Si BBB+ 215 — —IT0004929854 Veneto Bca 13-153.75% Fisso 3.75 95 05/08/2013 05/08/2015 Si BB+ — 3,78 2,04

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% 102,33 2,74 2,57 1,0022IT0004821432 giu-16 3,55% 104,75 3,08 2,87 1,0000IT0004863608 ott-16 2,55% 101,65 3,22 3,01 1,0019IT0004917958 apr-17 2,25% 100,45 3,34 3,13 1,0019BTplegati all'inflazione europeaIT0003625909 set-14 2,15% 102,14 1,81 1,59 1,21630IT0004682107 set-16 2,10% 100,75 3,27 3,20 1,06692IT0004085210 set-17 2,10% 99,83 3,57 3,58 1,15829IT0004380546 set-19 2,35% 99,85 3,81 3,96 1,10324IT0004604671 set-21 2,10% 94,82 4,26 4,56 1,07975IT0004243512 set-23 2,60% 95,89 4,53 4,98 1,13782IT0004735152 set-26 3,10% 98,96 4,66 5,24 1,05691IT0003745541 set-35 2,35% 87,85 4,57 5,27 1,19140IT0004545890 set-41 2,55% 86,10 4,78 5,53 1,08281

BTpIT0004780380 nov-14 6,00% 106,16 1,50 103IT0004840788 lug-15 4,50% 104,88 2,07 147IT0004761950 set-16 4,75% 106,52 2,64 182IT0004867070 nov-17 3,50% 101,61 3,12 201IT0004361041 ago-18 4,50% 105,69 3,31 209IT0004489610 set-19 4,25% 103,77 3,59 217IT0004594930 set-20 4,00% 101,55 3,79 217IT0004695075 set-21 4,75% 105,51 3,99 230IT0004848831 nov-22 5,50% 109,12 4,35 257IT0004644735 mar-26 4,50% 100,99 4,44 221IT0003256820 feb-33 5,75% 111,83 4,87 253IT0003934657 feb-37 4,00% 91,02 4,68 198IT0004532559 set-40 5,00% 101,10 4,99 242

BTPREALI E NOMINALI A CONFRONTOtitolidistato inflationlinked a confronto coni piùtradizionali btp a tasso fisso.dati al20.06.2013isin scadenza cedola prezzo rendim rendim index isin scadenza cedola prezzo rendim asw

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

GUIDAALLA LETTURALe due tipologie di BTp inflation linked sono prodotti che rispetto ai normali BTp nominali, oltre a prevedere il rimborso del valore nominale a scadenza,offrono unrendimento indicizzato all'andamento del costo della vita. In particolare i BTp Italia è un titolo indicizzato all'inflazione italiana (indice Foi dei prezzi al consumo),mentre i BTpEi in circolazione sono agganciati all'inflazione dell'area euro. I BTp Italia retrocedono l'inflazione insieme alla cedola, ogni sei mesi. I BTp legatiall'inflazione area euro, invece, riconoscono tutta la rivalutazione legata alla crescita del carovita a fine periodo. Pertanto, a differenza dei BTpEi che rimborsano ascadenzailvalorenominalerivalutato,moltiplicandoilcapitalenominalesottoscrittoperilcoefficientediindicizzazione, ilBTpItaliarimborsainun'unicasoluzionea scadenza soltanto il valore nominale (100) che non viene cioè aggiustato per l'inflazione del periodo. La remunerazione semestrale offerta dal BTp Italia è paridunque alla somma tra la cedola aggiustata per l'inflazione più la rivalutazione del capitale. Inoltre, a differenza dei BTpEi, che prevedono una protezione dalladeflazione (variazione percentuale negativa dei prezzi) o floor sul capitale e soltanto a scadenza, il BTp Italia offre una protezione anche sulle cedole, venendocomunquecalcolatesulcapitalenominalesottoscritto: incasodideflazioneinundeterminatosemestre, ilcoefficientedi indicizzazionemodificatoeutilizzatopericalcolièparia1(limiteinferiore).Infine,percalcolareilcoefficientedi indicizzazionedeiBTpEisideverapportarel'inflazionediriferimentodelladatadiregolamen-todell'operazionedicompravenditaall'inflazionediriferimentodelladatadigodimentodeltitolo.PerilBTpItalia,aldenominatorecomparel'inflazionediriferimen-to (numero indice) della data di pagamento della cedola precedente oppure, se si tratta della prima cedola, della data di godimento del titolo. I risparmiatori chedetengonoiBTpItalia dall'emissionealla scadenza avrannoalrimborsoanche unpremiofedeltà pari allo 0,4%lordosul valorenominale.1 Rendimento a scadenza: Rendimento a scadenza: rendimento calcolato considerando costante il livello del tasso di inflazione attuale, pari al 1,2% per l’Italia e al1,1%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

IT0004917842 Mediobancaap-23 5.75% subord BBB 18-04-2013 18-04-2023 4500 105,155 5,06 0,80 7,76 — — 1,73 8,50IT0004794142 Enel20-02-18 4.875% BBB 20-02-2012 20-02-2018 2076 107,415 3,13 -0,01 4,24 13,61 1,44 1,49 4,75IT0004869985 Atlantia30-11-18 3.625% BBB 30-11-2012 30-11-2018 2062 103,656 2,88 -0,47 4,95 — 2,01 0,89 4,86IT0004645542 Mediobancanv-20 5%subord BBB 15-11-2010 15-11-2020 1270 102,942 4,51 0,75 6,21 15,96 2,84 1,83 7,07IT0004576978 Enel26-02-16 3.5% BBB 26-02-2010 26-02-2016 999 103,590 2,10 -0,20 2,58 9,69 1,06 1,30 2,89IT0004842370 Ubi08-10-19 6%subord 08-10-2012 08-10-2019 726 103,796 5,05 2,00 3,78 — 1,54 3,53 6,34IT0004760655 Eni11-10-17 4.875% A 11-10-2011 11-10-2017 617 111,993 1,94 -1,11 3,89 11,26 0,35 0,42 3,34IT0004698178 Crediop07-03-16 4.85% 07-03-2011 07-03-2016 454 100,823 4,51 2,20 2,57 37,23 2,27 3,65 5,23IT0001200390 Comit17-02-28 zc BBB 17-02-1998 17-02-2028 431 51,232 4,67 0,06 14,66 31,99 8,62 -1,96 11,71IT0004618507 Crediop28-06-16 3.6% 28-06-2010 28-06-2016 406 97,941 4,34 1,89 2,81 47,99 2,94 3,27 5,12IT0004608797 Mediobancamg-204.5% BBB 14-05-2010 14-05-2020 405 103,306 3,94 0,25 6,07 17,19 2,35 1,41 6,49IT0004503717 Eni29-06-15 4% A 29-06-2009 29-06-2015 353 105,554 1,19 -0,81 1,90 4,85 0,20 0,68 1,62IT0004771710 Mps30-11-17 su 30-11-2011 30-11-2017 306 105,240 4,40 1,31 3,96 8,80 3,44 2,80 5,79IT0000966017 Comit08-01-27 zc BBB 08-01-1997 08-01-2027 286 53,171 4,77 0,24 13,55 30,73 6,12 -1,29 11,28IT0004572878 Ubi23-02-17 3.1% subord 23-02-2010 23-02-2017 286 100,114 3,06 0,99 2,08 14,28 1,64 2,18 3,35NL0009061357 Rbs08-10-16 4.3% A 08-10-2009 08-10-2016 269 107,801 1,86 -0,74 3,08 13,94 0,96 0,78 2,88IT0004645963 Ubi05-11-17 4.3% subord 05-11-2010 05-11-2017 258 100,975 3,88 1,72 2,24 16,05 0,88 2,67 4,04IT0001205589 Mc.Lombardo fb-28 zc 18-02-1998 18-02-2028 253 50,166 4,82 0,21 14,66 31,29 7,01 -1,82 11,85IT0004783046 Mediobancadc-17 zc BBB 12-12-2011 12-12-2017 239 86,310 3,35 0,26 4,47 15,10 1,13 1,62 5,09IT0001203253 Mc.Centrale fb-28 zc 10-02-1998 10-02-2028 208 49,759 4,88 0,27 14,64 28,61 6,78 -1,67 11,99IT0004718489 Ubi16-06-18 5.5% subord 16-06-2011 16-06-2018 195 102,841 4,50 2,07 2,76 10,47 2,05 3,54 5,32NL0009483825 Rbs22-06-205% 22-06-2010 22-06-2020 183 110,990 3,26 -0,45 6,05 22,08 0,09 0,70 5,77NL0009054907 Rbs20-04-19 5.5% A 20-04-2009 20-04-2019 176 114,432 2,81 -0,66 5,09 19,30 2,50 0,73 4,84IT0004723489 Ubi30-06-18 5.4% subord 30-06-2011 30-06-2018 156 102,749 4,45 2,00 2,73 10,32 1,83 3,40 5,17IT0006719469 Rbs26-05-17su 26-05-2011 26-05-2017 155 109,950 2,17 -0,77 3,69 15,71 1,33 0,85 3,54XS0626808496 Ge.Eurfundgn-17 3.625% A 15-06-2011 15-06-2017 145 108,513 1,41 -1,56 3,78 7,96 0,55 0,02 2,80NL0009354505 Rbs22-02-16 4% 22-02-2010 22-02-2016 134 105,986 1,68 -0,61 2,56 12,35 0,87 0,89 2,45IT0004808421 Unicredit 21-05-185% 21-05-2012 21-05-2018 119 105,225 3,81 0,61 4,47 — 2,45 2,07 5,54IT0006707159 Barclays29-12-15 4.4% 29-12-2009 29-12-2015 105 107,930 1,18 -1,05 2,40 21,54 0,23 0,45 1,87IT0004821846 Kme03-08-17 8% call 03-08-2012 03-08-2017 100 103,622 6,94 3,93 3,44 — 1,31 5,27 7,77IT0004825029 Unicredit 24-08-18 5.65% 24-08-2012 24-08-2018 99 107,169 4,08 0,81 4,46 — 1,77 2,17 5,67IT0001086658 S.Paoloimige-22 zc BBB 30-01-1997 30-01-2022 97 71,793 3,92 -0,12 8,61 20,76 1,41 0,22 7,84NL0009287614 Rbs11-12-194.6% A 11-12-2009 11-12-2019 75 108,201 3,23 -0,38 5,66 16,92 1,25 0,86 5,54NL0009537851 Rbs30-09-16 tf/su A 03-09-2010 30-09-2016 62 104,994 2,37 -0,22 3,09 12,62 1,14 1,28 3,38IT0001304010 Interbanca fb-21sd/oc 16-02-1999 16-02-2021 53 102,466 5,10 1,31 7,65 28,16 -1,05 1,87 8,53NL0009056563 Rbs26-06-16 zc A 26-06-2009 26-06-2016 52 91,898 2,85 0,40 3,01 9,99 -0,35 1,84 3,85IT0001304341 B.Imi01-02-24 sd/oc 01-02-1999 01-02-2024 45 134,628 4,74 0,42 10,61 33,25 7,62 0,01 9,63IT0004907264 Moviemaxmg31-12-19 8% call 29-05-2013 31-12-2019 43 103,263 7,56 3,94 5,15 — — 5,22 9,40IT0001306171 Mc.Centrale fb-19 sd/oc 18-02-1999 18-02-2019 42 117,161 4,46 1,04 5,66 19,92 2,97 2,19 6,84IT0006703208 Barclays21-07-196% A 21-07-2009 21-07-2019 34 120,500 2,34 -1,20 5,12 12,09 1,46 0,18 4,34XS0584356942 Bankamericage-26 5.25% call 31-01-2011 31-01-2026 33 108,000 4,40 -0,06 9,50 15,59 2,15 0,17 8,69DE000UB2F5S4 Ubs29-07-17 4% A 29-07-2010 29-07-2017 30 107,930 1,96 -1,05 3,75 7,00 0,39 0,53 3,31IT0001308508 Mps15-02-29 sd/oc BBB 15-02-1999 15-02-2029 30 87,065 5,94 1,28 15,66 22,22 3,09 -1,08 13,60IT0004863723 B.Imi18-10-19 4.1% 18-10-2012 18-10-2019 28 103,501 3,47 -0,11 5,56 — 2,25 1,11 5,70IT0004729452 Crediop07-12-17 5% 07-06-2011 07-12-2017 27 101,744 4,55 1,46 4,01 22,00 2,36 2,92 5,95IT0004796451 B.Imi06-03-18 su 06-03-2012 06-03-2018 26 103,421 3,46 0,31 4,35 8,23 1,79 1,78 5,14IT0004787476 Unicredit 16-03-186.1% 16-03-2012 16-03-2018 25 108,749 4,02 0,86 4,21 13,58 1,16 2,37 5,60IT0004874985 Ubi31-01-17 su 31-01-2013 31-01-2017 25 101,980 2,98 0,21 3,39 — 1,25 1,72 4,13IT0004821689 Intek03-08-17 8% call 03-08-2012 03-08-2017 24 105,201 6,50 3,49 3,45 — 2,14 4,87 7,37IT0004874993 Ubi31-01-16 3.5% 31-01-2013 31-01-2016 23 101,500 2,91 0,64 2,48 — 0,70 2,10 3,61IT0001302733 Mps01-02-29 sd/oc BBB 01-02-1999 01-02-2029 22 90,329 5,86 1,20 15,62 23,68 4,41 -1,12 13,53IT0001287249 Mc.Centrale dc-18sd/oc A 23-12-1998 24-12-2018 19 118,143 4,43 1,06 5,51 23,29 3,81 2,18 6,70IT0004655533 Crediop08-11-24 4.5% call 08-11-2010 08-11-2024 18 99,661 4,53 0,15 8,91 41,10 7,55 0,56 8,50IT0001312708 Centrobancamz-19 sd/oc 16-03-1999 16-03-2019 17 98,990 4,15 0,71 5,73 25,31 -0,02 1,83 6,56IT0004821499 Mediobancalg-16 4.45% BBB 13-07-2012 13-07-2016 14 103,700 3,15 0,68 2,81 — 1,15 2,12 3,97IT0006706318 Barclays06-10-19 zc A 06-10-2009 06-10-2019 13 84,188 2,77 -0,80 6,29 12,26 2,72 0,19 5,48IT0001308607 Crediop26-02-24 sd/oc AA 26-02-1999 26-02-2024 11 100,799 6,62 2,29 10,68 43,97 8,17 1,94 11,64IT0006715426 Barclays16-06-22 4.6% 16-06-2010 16-06-2022 10 114,000 2,81 -1,36 7,66 12,40 2,28 -0,44 6,22NL0009694272 Rbs14-02-21 5.3% A 14-02-2011 14-02-2021 10 109,690 3,85 0,06 6,35 20,22 -0,06 1,12 6,50NL0009677939 Rbs09-03-17su A 09-03-2011 09-03-2017 8 103,850 2,95 0,13 3,47 9,87 -0,14 1,67 4,16IT0004743875 Mediobancaag-163.7% BBB 16-08-2011 16-08-2016 7 103,300 2,59 0,07 2,94 8,90 2,55 1,53 3,51DE000A0Z2KS2 Kfw04-07-16 3.125% AAA 02-12-2009 04-07-2016 6 108,046 0,44 -2,02 2,86 1,91 -0,17 -0,50 —IT0004650781 Crediop22-10-20 zc 22-10-2010 22-10-2020 5 75,940 3,82 0,07 7,33 40,59 2,34 0,74 7,07

datial 19.06.2013 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

DE000UB43CW1 Ubs26-07-21 4.3% 26-01-2011 26-07-2021 4 110,512 2,83 -1,03 6,83 12,95 1,41 -0,17 5,69GB00B6HZ3S81 Rbs02-06-174.7% 23-05-2011 02-06-2017 3 107,897 2,59 -0,36 3,65 12,56 0,56 1,25 3,91IT0004895352 Ubi05-04-16 su 05-04-2013 05-04-2016 3 100,120 3,03 0,68 2,69 — — 2,17 3,87NL0009288141 Rbs03-12-24 oc call 03-12-2009 03-12-2024 2 132,500 4,53 0,15 11,45 23,44 -0,28 -0,59 9,87IT0004851728 Ubi19-10-16 su 19-10-2012 19-10-2016 1 103,031 3,75 1,13 3,11 — 2,25 2,64 4,78IT0004869860 Ubi31-12-15 su 31-12-2012 31-12-2015 1 100,500 3,31 1,08 2,42 — 0,75 2,52 3,95IT0006716564 Barclays30-10-25 sd/su 22-10-2010 30-10-2025 1 109,500 3,12 -1,33 10,13 17,13 5,96 -1,36 7,79

datial 19.06.2013 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 ed Euromot, di emittenti bancari o corporate, a TassoFisso, StepUp, StepDown e Zerocoupon con vita residua di almeno due anni, con lotto minimo acquistabile non superiore a 10mila euro e con una quantitàtrattata media negli ultimi 10 giorni di almeno mille euro. Isin: Codice identificativo del prestito obbligazionario- Descrizione: Descrizione dell’emittente, delladata di scadenza e delle principali caratteristiche anagrafiche secondo la seguente legenda: su: step-up, sd: step-down, oc: one coupon, zc: zerocoupon, tf:tasso fisso, subord: obbligazioni subordinate per le quali i possessori sono soddisfatti successivamente agli altri creditori in caso di liquidazione dell’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 giornaliera trattata sul mercato negli ultimi 10 giorni lavorativi. In migliaia di euro. Prezzo di listino: prezzo dichiusura sul mercato di quotazione del titolo (MOT o EuroMOT):per i titoli zerocoupon si intende tel-quel, cioè comprensivo della parte di interessi maturataalladata,altrimentisi intendesemprecorsosecco,cioènoncomprensivodelrateocedola. Rend.Lordo %: indicail rendimentoeffettivolordonell’ipotesicheiltitolo venga tenuto fino a scadenza eche tutti i flussi vengano reinvestitiallo stesso tasso. Duration Lorda: è la vita media finanziaria espressa in annie frazionid'anno: è il baricentro temporale dei flussi (cedole e rimborsi) futuri attualizzati. La duration rappresenta un indicatore di rischio: maggiore è la duration,maggioreèlarischiosità intesacomereattivitàdelprezzodeltitoloalvariaredelsuorendimento.Spread %:esprimeladifferenzadirendimentoeffettivolordodell’obbligazione rispetto ad un titolo di Stato Italiano di similare durata. Performance passate: Rappresenta il rendimento di periodo ottenuto nel caso diacquisto dell’obbligazione nel passato (un anno fa o tre mesi fa) e di vendita sul mercato alla data di riferimento e al prezzo di listino, ipotizzando il nonreinvestimento 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

B.ca Intermobiliare07/15 Sub 1,500 7,500 1,000 154 95,30 2,95 -0,11 +2,86 3,48 39,4 142,3BancaCarige 12/13Sub 1,500 2,187 1,143 378 115,54 0,46 +0,02 -3,03 2,18 20,9 453,7Banco Popolare 03/14 4,750 6,150 1,000 537 100,24 0,96 -0,57 -3,60 4,37 15,7 539,5Cogeme SET03/14 * 6,000 1,300 1,000 30 — 1,00 — — — 3,7 —Eukedos11/16 3,000 1,400 0,857 118 67,50 0,64 — +7,25 16,00 46,0 46,9Sias06/17 2,625 10,500 1,000 61 98,52 6,53 -0,64 -4,25 3,02 62,2 60,0Sopaf 12/15* 3,875 0,880 1,000 — — 0,02 — — — 0,8 —Sopaf 12/15* 9,000 0,218 10,000 — — 0,02 — — — 3,4 —UBI Banca07/13 5,750 12,750 1,000 338 100,14 2,91 -0,09 -3,90 2,22 22,8 339,2(Noriskprestaoccasionalmenteeautonomamenteattivitàdi consulenzaafavoredegliemittentidegli strumenti finanziarioggettodi analisi)

LEGENDA*Titolosospeso.PrezzoConversione: il valore,determinatoall'emissioneed espressointerminidi valorenominaledell'obbligazione, alquale l'obbligazionepuòessereconvertita inun'azione.RapportoConversione:numero diazionidi compendionellequaliun'obbligazioneèconvertibile.Distanzastrike:rapporto traprezzoconversioneequello dell'azionesottostante.Rendimento ascadenza:"yieldto worst"ovvero ilminimorendimentoottenibilenelcaso incui l'emittentenonfallisca,calcolatotenuto contodel peggiorescenario possibile inbasealle condizionidel prestito(e.g. clausoledirimborsoanticipato,opzioni sullecedole). Parità:valoredellaconversione,espresso intermini %sulnominale,qualora l'obbligazione fosseconvertitanell'azionesottostanteal prezzocorrente dimercato, tenutoconto delrapportodi conversione.PremioConversione:differenzatra ilprezzodell'obbligazionee lasuaparità,espressa intermini%sulla parità. Indica ladistanza dallacondizionediconversione: unpremiopiùelevato implicaunamaggiore prevalenzadellacomponenteobbligazionaria,mentre unpremiopiùcontenutounamaggioreprevalenzadella componenteopzionale.CARATTERISTICHE DELLE 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 IIXS0322918565 Unicredit 5,750 26/09/2017 EUR Baa3 BBB BBB 105,85 — 4,210 — 50XS0343877451 Credite Agricole 5,971 01.02.2018 EUR Baa3 BBB+ A- 113,33 — 2,840 — 50XS0386569296 NordeaBank 6,250 10.09.2018 EUR Baa1 A A+ 101,26 5,230 3,150 10.09.2013 3MEuribor+320 BP 50XS0200676160 Unicredit 4,500 22.09.2019 EUR Baa3 BBB BBB 98,98 5,340 3,175 22.09.2014 3MEuribor+95 BP 50XS0525912449 Barclays 6,000 14.01.2021 EUR Baa3 BBB+ A- 110,74 — 4,320 — 50XS0201065496 Rbs 4,625 22.09.2021 EUR Ba2 BBB- BB+ 92,62 7,390 5,230 22.09.2016 3MEuribor+130BP 1XS0802995166 Abn Amro 7,125 06.07.2022 EUR — BBB BBB 115,44 — 4,970 — 100XS0826634874 Rabobank 4,125 14.09.2022 EUR A2 A AA- 104,70 — 3,533 — 100XS0159527505 Allianz 6,500 13.01.2025 EUR A2 A+ A 107,95 1,280 4,428 13.01.2015 3MEurbor+277 BP 1XS0802638642 Generali 10,125 10.07.2042 EUR Baa3 BBB+ BBB- 122,49 6,727 8,922 10.07.2022 3MEuribor+918.1BP 100TIERIXS0221011454 Hannover Re 5,000 Perpetual EUR — A A- 102,27 3,760 5,230 42156 3MEuribor+268 BP 1XS0542298012 Rwe 4,625 Perpetual EUR Baa2 BBB- BBB 102,59 3,419 5,109 42275 5YRMidSwap+265 BP 1FR0010289496 Vinci 6,250 Perpetual EUR Baa3 BBB- BBB- 106,92 3,200 6,060 42321 3MEuribor+375 BP 50XS0234434222 Henkel 5,375 Perpetual EUR Baa1 BBB BBB+ 106,50 2,560 5,230 42333 3MEuribor+285BP 1XS0253627136 Swiss Reinsurance 5,252 Perpetual EUR Baa1 A — 102,12 4,500 4,800 25.05.2016 6MEuribor+209BP 50XS0254808214 Solvay 6,375 Perpetual EUR Baa3 BBB- BBB 108,01 3,463 5,730 42523 3MEuribor+335 BP 1XS0674277933 EnBW 7,375 Perpetual EUR Baa2 BBB- BBB 112,66 3,713 7,267 42827 5YRMidSwap+540.1 BP 1XS0484213268 Tennet 6,655 Perpetual EUR Baa3 BBB — 110,21 3,810 5,740 42887 5YRMidSwap+360 BP 50XS0283629946 Generali 5,479 Perpetual EUR Ba1 BBB BBB- 93,80 7,510 5,400 02.08.2017 3MEuribor+214 BP 50FR0010814434 Credit Agricole 7,875 Perpetual EUR Ba2 BBB- BBB- 106,84 6,530 8,322 26.10.2019 3MEuribor+642.4BP 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.3 Tipodi flussocedolare inesseresuccessivamentealladata di rimborsoanticipato,ove laclausolanonvengaesercita dall’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 -5,19 27,52 — -0,84 -5,39AcomeAItalia A1 mmmmm -5,93 33,81 22,51 -4,63 -8,00AcomeAItalia A2 mmmmm -5,91 34,77 22,51 — —AlboinoRe mmmmm -0,21 -5,33 22,79 -15,64 -13,65AllianzAz. Ita.All Stars mmmmm -5,89 27,45 25,21 -1,30 -3,58AnimaGeo Italia A mmmmm -5,23 29,67 26,07 0,03 -4,59AnimaGeo Italia Y mmmmm -5,10 31,62 26,07 1,48 -3,32ANM Anima ItaliaA mmmmm -5,43 28,60 26,07 -2,01 -5,46ANM Anima ItaliaF mmmmm -5,37 — — — —ArcaAzioni Italia mmmmm -5,44 29,63 27,88 -0,84 -4,49Bnl Azioni Italia mmmmm -5,29 25,90 26,35 -2,48 -6,23CarigeAzionario Italia A mmmmm -4,61 26,00 19,40 -1,38 -4,33EurizonAz.Italia mmmmm -6,38 24,96 25,64 -2,06 -5,89EurizonAz.PMIItalia mmmmm -1,79 37,19 35,57 -1,78 -5,14Euromob.Azioni Italiane mmmmm -5,24 25,90 24,90 -0,88 -4,81Fideuram Italia mmmmm -5,13 35,92 27,38 1,41 -2,67FonderselP.M.I. mmmmm -3,94 38,97 26,86 1,63 -1,96Fonditalia Eq. ItalyR mmmmm -4,93 34,57 — 0,71 -3,32Fonditalia Eq. ItalyT mmmmm -4,87 35,46 — 1,34 —GestnordAzioni Italia mmmmm -5,47 30,16 26,04 0,56 -3,94Interf.Equity Italy mmmmm -5,27 32,78 — 0,20 -3,50PioneerAz. Crescita A mmmmm -5,33 25,52 29,56 -2,53 -7,10PioneerAz. Crescita B mmmmm -5,35 26,73 — — —Symp. Selez. Italia mmmmm -4,72 33,15 29,21 -0,40 -4,68SynergiaAz. Italia mmmmm -5,48 30,96 26,61 -1,67 —SynergiaAz.Sm.CapIt. mmmmm -2,02 27,95 33,79 -0,72 —UBIPra. Azioni Italia mmmmm -4,94 30,87 26,03 0,06 -3,33ZenitMc Pianeta ItCl.I mmmmm -3,66 32,41 — 3,69 —ZenitMc Pianeta ItCl.R mmmmm -3,75 31,15 22,87 2,78 -3,56comit -7,16 22,56 — -4,97 -9,79

area euro -3,57 26,80 — 3,12 -1,518a+Eiger mmmmm -2,40 26,43 29,00 4,16 3,77Agora Equity mmmmm -0,53 14,84 30,98 -3,94 -4,42Alto Azionario mmmmm -3,17 27,06 25,58 0,48 -4,09BancoPosta Azion. Euro mmmmm -3,69 32,92 29,06 6,65 1,37EpsilonQEquity mmmmm -3,35 27,58 25,89 3,05 -2,43EurizonAz.AreaEuro mmmmm -3,85 25,92 28,63 1,26 -2,29Symp. Azionario Euro mmmmm -2,91 33,01 26,20 0,91 -2,16UBIPra. Azionario EticoE mmmmm -3,39 26,12 29,56 1,47 -1,07UBIPra. Azioni Euro mmmmm -3,39 29,11 27,71 5,28 1,23msci euro -3,79 29,14 — 4,54 -1,13

europa -4,50 21,56 — 5,70 1,37AcomeAEuropa A1 mmmmm -5,41 27,34 26,02 -0,06 -2,58AcomeAEuropa A2 mmmmm -5,32 28,74 26,02 — —AllianzAzioniEuropa mmmmm -4,19 21,04 21,50 8,77 3,86AllianzMultiEuropa# mmmmm -3,05 22,59 20,21 3,89 -0,43AmundiEurope Equity# mmmmm -3,67 19,27 20,14 5,58 1,84AnimaGeo Euro Pmi A mmmmm -3,24 28,53 28,06 9,51 3,99AnimaGeo Euro Pmi Y mmmmm -3,12 30,45 28,06 11,09 5,42AnimaGeo Europa A mmmmm -4,67 21,12 21,44 6,87 3,02AnimaGeo Europa Y mmmmm -4,54 22,94 21,44 8,40 4,46ANM Anima EuropaA mmmmm -4,67 24,21 22,40 4,78 0,53ANM Anima EuropaF mmmmm -4,63 — — — —ANM Anima IniziativaEu A mmmmm -3,26 28,48 28,06 5,91 1,20ANM Anima IniziativaEu F mmmmm -3,18 — — — —ArcaAzioniEuropa mmmmm -5,04 20,54 21,44 5,68 0,79Bnl AzioniEuro Crescita mmmmm -4,48 25,64 22,55 10,13 4,46Bnl AzioniEuropa Div mmmmm -4,86 16,64 22,67 6,40 1,97CarigeAzionario Europa A mmmmm -4,31 19,36 20,96 4,65 -0,63ConsultinvestAzione mmmmm -4,25 20,97 — 2,29 -1,97EpsilonQValue mmmmm -4,59 22,41 19,91 5,96 0,02

EurizonAz.Europa mmmmm -4,91 22,03 21,47 3,85 1,03EurizonAz.PMIEuropa mmmmm -5,10 21,13 23,99 6,43 4,22Euromob.EuropeE. F. mmmmm -5,28 16,33 20,46 -0,24 -3,46FMS- Equity Europe# mmmmm -3,57 23,36 22,56 7,35 0,98FonderselEuropa mmmmm -5,07 20,57 22,56 5,44 1,08Fonditalia Eq.EuropeR mmmmm -2,12 22,41 — 4,63 -0,30Fonditalia Eq.EuropeT mmmmm -2,07 23,19 — 5,28 —GestnordAzioniEuropa mmmmm -4,46 23,36 22,28 6,08 1,17Interf.Equity Europe mmmmm -4,39 20,33 — 5,67 -0,39InvestitoriEuropa mmmmm -4,49 18,19 19,41 3,77 -0,09MalatestaAzionario Eu mmmmm -5,18 23,33 22,56 4,35 2,29PioneerAz ValEu Dis A mmmmm -4,59 20,23 22,56 6,59 1,97PioneerAz ValEu Dis B mmmmm -4,51 20,50 — — —PioneerAz. EuropaA mmmmm -4,23 15,87 22,56 3,55 -0,74PioneerAz. EuropaB mmmmm -4,11 15,83 — — —RasLux Equity Europe mmmmm — — — — —SynergiaAz.Europa mmmmm -4,14 20,70 16,95 0,05 —UbiPra. Az.Europa mmmmm -3,91 19,08 22,28 3,78 1,70msci europe -4,86 22,56 — 7,60 2,23

america -5,32 13,92 — 8,81 5,82AcomeAAmerica A1 mmmmm -3,45 19,90 23,17 7,69 5,58AcomeAAmerica A2 mmmmm -3,36 21,23 23,17 — —AllianzAzioniAmerica mmmmm -4,78 9,55 16,46 6,68 5,45Alto AmericaAz. mmmmm -5,33 12,85 13,34 8,36 6,77AnimaGeo America A mmmmm -4,76 11,10 16,37 8,59 n.s.AnimaGeo America Y mmmmm -4,64 12,76 16,37 10,14 n.s.ANM Anima AmericaA mmmmm -4,75 10,73 16,37 10,08 7,61ANM Anima AmericaF mmmmm -4,68 — — — —ArcaAzioniAmerica mmmmm -5,24 13,38 15,31 9,52 6,82BnlAzioniAmerica mmmmm -5,51 11,06 18,00 8,65 5,89EurizonAz.America mmmmm -5,02 16,43 15,36 9,68 6,87EurizonAz.PMIAmer. mmmmm -4,12 19,21 22,25 9,72 10,62FMS- Equity Usa# mmmmm -4,94 13,19 17,18 9,11 4,82FonderselAmerica# mmmmm -4,84 16,14 17,18 7,27 4,94Fondit.Eq.Usa BlueCh R mmmmm -4,11 14,05 — 7,32 4,30Fondit.Eq.Usa BlueCh T mmmmm -4,06 14,78 — 7,99 —GestnordAzioniAmerica mmmmm -4,49 13,20 17,11 7,61 4,24Interf.Eq. USAH mmmmm — 24,18 — 12,64 4,28Interf.Eq.USA mmmmm -3,73 17,33 — 11,58 8,61Interf.Equity Usa Adv mmmmm -3,18 14,00 — 4,36 2,83InvestitoriAmerica mmmmm -4,77 13,57 14,96 10,72 7,48PioneerAz. Am. A mmmmm -4,60 14,39 16,06 10,50 2,86PioneerAz. Am. B mmmmm -4,42 14,41 — — —Symp. Azionario Usa mmmmm -1,36 29,56 20,65 9,47 8,02SynergiaAzionario Usa mmmmm -1,51 27,80 20,70 7,72 —UBIPra. Azioni Usa mmmmm -5,32 13,38 17,13 7,59 5,21msci northamerica -5,16 16,06 — 11,57 8,29

pacifico -10,59 10,12 — 1,97 0,85AcomeAAsia Pac. A2 mmmmm -8,82 29,25 25,75 — —AcomeAAsia Pacifico A1 mmmmm -8,91 28,14 25,75 5,04 0,67AllianzAzioniPacifico mmmmm -10,98 8,89 9,37 2,25 0,48Alto PacificoAz. mmmmm -9,91 9,64 8,67 0,61 3,01AnimaGeo Asia A# mmmmm -11,76 7,57 9,31 1,21 n.s.AnimaGeo Asia Y# mmmmm -11,64 9,18 9,31 2,67 2,65ANM Anima PacificoA mmmmm -11,50 8,29 9,31 2,98 2,52ANM Anima PacificoF mmmmm -11,36 — — — —ArcaAzioniFar East mmmmm -11,29 7,30 9,28 3,05 1,06EurizonAz.Asia Nuove Eco. mmmmm -11,36 0,53 3,53 -0,06 2,49EurizonAz.Pacifico mmmmm -11,33 7,51 9,54 1,23 -0,54FMS- Equity Asia# mmmmm -11,24 13,11 14,79 2,31 2,25FonderselOriente# mmmmm -10,74 1,96 4,92 1,48 3,69FonditEq Pacifex JapanR mmmmm -10,56 3,55 — -0,76 1,42

datial 18.06.2013 ratingcfs var.% var.% var.% rend. rend.fondo a a 1anno 3 5

1mese 1anno bench. anni anni




fondi comuni a confronto

FonditEq Pacifex JapanT mmmmm -10,50 4,24 — -0,14 —Fonditalia Eq.JapanR mmmmm -10,54 15,89 — 2,98 0,99Fonditalia Eq.JapanT mmmmm -10,49 16,64 — 3,62 —GestnordAzioniPacifico mmmmm -11,57 7,72 9,27 1,83 1,75Interf.Eq. JapanH mmmmm -13,34 44,32 — 7,86 -4,56Interf.Eq. Pacif. exJapan mmmmm -11,97 7,85 — 3,10 3,70Interf.Eq. Pacif. exJapan H mmmmm -6,48 16,64 — 1,65 -0,45Interf.Equity Japan mmmmm -10,56 13,90 — 3,38 0,47InvestitoriFar East mmmmm -10,02 12,15 12,99 3,13 1,47PioneerAz. Area PacifA mmmmm -11,33 5,13 9,70 -1,97 -4,46PioneerAz. Area PacifB mmmmm -11,33 4,96 — — —UBIPra. Azioni Pacifico mmmmm -11,30 9,55 9,49 4,62 2,16msci pacific free -11,13 14,79 — 5,68 3,34

paesiemergenti -11,98 -1,57 — -1,78 -0,49AcomeAPaesi Em. A1 mmmmm -10,12 12,48 -0,44 0,90 -0,10AcomeAPaesi Em. A2 mmmmm -10,07 13,42 -0,44 — —AllianzAzPaesi Emer mmmmm -12,57 1,04 -1,47 0,81 -1,03AmundiGlobal Emerg.Eq# mmmmm -11,11 -0,38 -1,46 -0,23 0,66AnimaGeo PaesiEm. A# mmmmm -12,19 -3,02 -1,52 -3,41 n.s.AnimaGeo PaesiEm. Y# mmmmm -12,08 -1,56 -1,52 -2,03 -0,96ANM Anima EmergentiA mmmmm -12,05 -2,89 -1,16 -0,68 3,59ANM Anima EmergentiF mmmmm -11,97 — — — —ArcaAzioniPaesi Emerg. mmmmm -12,10 -3,41 -1,52 -2,35 -0,40Bnl AzioniEmerg. mmmmm -12,29 -6,10 -1,71 -2,80 -1,87EurizonAz.PaesiEmer mmmmm -12,68 -3,42 -1,47 -3,40 -0,64FMS- Equity GlEm Mkt# mmmmm -12,50 -0,99 -1,70 -1,55 -0,10FMS- Equity NewWorld# mmmmm -13,26 -1,15 1,19 -4,27 —FonditEq Glb EmMkt R mmmmm -11,03 -1,91 — -1,21 0,96FonditEq Glb EmMkt T mmmmm -10,97 -1,18 — -0,52 —GestnordAzioniPaesi Em. mmmmm -12,69 -3,45 -1,56 -2,76 -0,87Interf.Eq. GlbEm Mkt mmmmm -11,29 -1,90 — -4,39 -2,35PioneerAz. PaesiEm. A mmmmm -12,31 -7,12 -1,70 -4,57 -4,27PioneerAz. PaesiEm. B mmmmm -12,32 -7,65 — — —Symp. MultEmerFle# mmmmm -10,21 -0,50 — -0,74 0,94UBIPra. Az. Merc. Emerg. mmmmm -12,78 -3,07 -1,52 -0,17 1,22msci emerging markets f. -12,25 -1,70 — -0,10 1,87

paese — — — — —FoiEqBrazil R mmmmm -17,40 -13,98 — — —FoiEqBrazil T mmmmm -17,29 -13,39 — — —FoiEqChina R mmmmm -10,29 -0,64 — — —FoiEqChina T mmmmm -10,27 -0,02 — — —FoiEqIndia R mmmmm -14,61 2,43 — — —FoiEqIndia T mmmmm -14,59 3,11 — — —msci world -5,97 17,51 — 9,50 5,68

internazionali -5,52 17,76 — 6,25 2,90AcomeAGlobale A1 mmmmm -4,82 25,68 24,33 4,10 1,38AcomeAGlobale A2 mmmmm -4,80 27,01 24,33 — —AllianzMulti90# mmmmm -4,81 13,68 15,71 5,25 1,78Alto InternazionaleAz. mmmmm -3,75 11,26 13,37 3,86 1,89AmundiGlobal Equity# mmmmm -5,87 13,28 13,47 5,46 3,02Anfiteatro GlobalEquity mmmmm — — — — —AnimaGeo Globale A mmmmm -4,44 21,47 16,66 8,47 5,85AnimaGeo Globale Y mmmmm -4,31 23,30 16,66 10,04 7,34ANM Anima ValoreGlob. A mmmmm -4,60 22,05 16,66 7,85 5,34ANM Anima ValoreGlob. F mmmmm -4,49 — — — —Arca27 az. estere mmmmm -6,62 14,15 16,67 7,27 3,62BancoPostaAz. Internaz. mmmmm -5,52 18,56 18,03 9,20 5,23Capital Italia mmmmm -5,82 17,20 — 7,28 3,17CarigeAzionario Intern A mmmmm -5,57 10,12 14,65 8,59 4,54ConsultinvestGlobal mmmmm -7,19 16,84 — 2,09 0,03EsseStock cl.A mmmmm -4,83 18,28 — — —

EssoStock cl. B mmmmm -4,76 18,77 — — —EticaAzionario IEY mmmmm -4,28 24,89 — — —EticaazionarioE mmmmm -4,35 23,86 — 7,65 6,19EurizonAz.Internazionali mmmmm -5,82 18,52 16,72 6,56 3,01Euromob.Az. Internaz. mmmmm -5,05 12,33 15,95 3,61 4,82Fonditalia GlobalR mmmmm -3,94 13,97 — 6,59 3,91Fonditalia GlobalT mmmmm -3,88 14,70 — 7,26 —GestnordAzTrend Set mmmmm -4,73 11,20 16,62 5,54 0,72PioneerCIM GlobalEquity mmmmm -6,34 15,60 — 7,30 2,54SoprarnoAzioni Glob A mmmmm -4,06 26,99 34,20 10,37 2,66SoprarnoAzioni Glob BY mmmmm -4,08 27,94 — 11,05 3,07Star Coll.Az.Internaz.# mmmmm -5,31 — — — —SynergiaAz.Globale mmmmm -4,10 26,03 22,02 2,16 —Talento GlobalEquity# mmmmm -6,46 12,74 17,51 n.s. n.s.UBIPra. Azioni Globali mmmmm -6,07 16,68 16,66 8,15 3,75UBIPra. Privilege 5# mmmmm -4,74 20,27 19,85 4,71 -1,21ZenitMc MegatrendCl.I mmmmm — — — — —ZenitMc MegatrendCl.R mmmmm -2,85 13,48 22,79 -0,18 -1,99msci world -5,97 17,51 — 9,50 5,68

energia-materieprime — — — — —EurizonAz.EnMatPrime mmmmm -6,56 4,90 4,88 0,72 -2,26msci 50%energy&50%materials -5,92 4,81 — 3,98 -1,09

salute — — — — —EurizonAzioniSalute mmmmm -4,64 23,69 23,74 10,31 9,77msci health care -4,72 25,79 — 16,23 13,88

finanza — — — — —EurizonAz.Finanza mmmmm -7,09 28,50 27,97 4,33 -0,34Fonditalia Eu Financials R mmmmm -1,35 44,06 — -2,06 -9,40Fonditalia Eu Financials T mmmmm -1,29 45,15 — -1,34 —msci financials -7,40 29,45 — 6,69 0,79

informatica — — — — —EurizonAz.Tecn.Avanz mmmmm -5,42 4,64 6,83 4,63 3,48msci inform.technology -5,12 6,87 — 8,00 7,48

altrisettori — — — — —FMS- Eq.Glob.Resources# mmmmm -5,34 -0,13 — -2,70 —Fonditalia Eu Cyclicals R mmmmm -2,43 28,31 — 5,11 1,98Fonditalia Eu Cyclicals T mmmmm -2,35 29,27 — 5,86 —Fonditalia Eu Defensive R mmmmm -2,30 24,50 — 4,19 1,02Fonditalia Eu Defensive T mmmmm -2,23 25,43 — 4,93 —Fonditalia EuroT.M.T R mmmmm -3,23 10,74 — -2,50 -2,54Fonditalia EuroT.M.T T mmmmm -3,16 11,57 — -1,82 —Fonditalia FlexEm. MktsT mmmmm -1,89 2,89 — 1,26 —Fonditalia FlexEm.Mkts R mmmmm -1,97 2,34 — 0,72 -0,33Inter.Int.Sec.NewEc mmmmm -3,95 13,58 — 9,61 7,35msci world -5,97 17,51 — 9,50 5,68

altrespecializzazioni — — — — —EurizonAz.Int. EticoE mmmmm -6,01 18,41 16,87 6,15 2,68msci world -5,97 17,51 — 9,50 5,68

bilanciatibil.azionari — — — — —AnimaForza 5 A# mmmmm -4,73 11,64 11,00 5,24 n.s.AnimaForza 5 B# mmmmm -4,75 11,61 11,00 5,23 —AnimaForza 5 Y# mmmmm -4,67 12,62 11,00 6,15 2,81ANM Anima Cap.Più70 F# mmmmm -3,33 n.s. — n.s. n.s.ANM Anima Cap.Più70 N# mmmmm -3,41 n.s. — n.s. n.s.ANM Anima CapiPiù 70 A# mmmmm -3,40 n.s. 21,40 n.s. n.s.Fonditalia Core3 R mmmmm -4,91 12,15 — 2,02 1,64







Fonditalia Core3 T mmmmm -4,85 12,86 — 2,66 —IGMFdF Bilanciato Az. Cl.A# mmmmm -3,33 12,79 — 5,33 —IGMFdF Bilanciato Az. Cl.B# mmmmm -3,28 13,38 — 6,02 —UBIPra. Port. Aggressivo mmmmm -4,40 16,42 18,30 4,08 3,24UBIPra. Privilege 4# mmmmm -4,05 16,83 16,98 4,26 0,0970%msciworld&30%jpm emu -4,71 14,92 — 7,99 5,74

bilanciati -3,79 12,00 — 3,60 2,39AllianzMulti50# mmmmm -3,37 9,18 13,08 3,88 2,57Alto Bilanciato mmmmm -3,20 4,76 4,14 1,68 2,62AnimaForza 4 A# mmmmm -3,54 10,85 11,00 5,33 n.s.AnimaForza 4 B# mmmmm -3,54 10,83 11,00 — —AnimaForza 4 Y# mmmmm -3,48 11,59 11,00 6,04 3,63ArcaBB mmmmm -3,64 16,13 15,96 4,79 2,68BancoPostaMix 2 mmmmm -2,09 11,27 10,96 4,97 4,06CarigeBilanciato 50 A mmmmm -3,32 18,75 18,69 4,22 1,92ConsultinvestBilanciato mmmmm -6,77 14,68 — 1,41 0,17EpsilonDLongRun mmmmm -2,32 12,67 13,65 2,53 1,39EticaBilanciato IEY mmmmm -3,24 17,93 — — —EticabilanciatoE mmmmm -3,32 16,91 — 6,09 6,29EurizonBil.Euro Multi.# mmmmm -3,47 14,79 15,60 4,40 2,48EurizonSoluzione 40 mmmmm -4,22 9,97 10,64 3,87 3,12EurizonSoluzione 60 mmmmm -5,03 10,62 11,57 3,81 2,14Euromob.Bilanciato mmmmm -3,68 12,20 14,90 4,39 1,84Fideuram Bilanciato mmmmm -2,99 15,22 16,80 n.s. n.s.Fondersel mmmmm -3,56 8,42 8,98 2,42 1,91Fonditalia Core2 R mmmmm -4,01 10,10 — 2,10 1,61Fonditalia Core2 T mmmmm -3,96 10,75 — 2,69 —GestnordBilanciato Euro mmmmm -3,33 16,51 18,87 1,22 0,18Nextam Part.Bilanciato mmmmm -3,14 9,64 — 0,02 1,75Star Coll.Bil.PaesiEm.# mmmmm -8,45 — — — —SynergiaBilanciato 50 mmmmm -2,99 12,91 12,46 2,26 —UBIPra. Port. Dinamico mmmmm -3,70 8,07 10,38 2,82 3,90UBIPra. Privilege 3# mmmmm -3,89 12,70 11,56 3,86 1,7850%msciworld&50%jpm emu -3,87 13,20 — 6,96 5,78

bil.obbligazionari -2,31 7,53 — 2,34 2,69AllianzMulti20# mmmmm -2,57 8,09 10,37 3,74 3,69Alpi Bilanciato mmmmm -2,30 6,47 0,09 n.s. n.s.AnimaForza 3 A# mmmmm -2,31 6,75 7,79 3,65 n.s.AnimaForza 3 B# mmmmm -2,31 6,75 7,79 3,65 —AnimaForza 3 Y# mmmmm -2,25 7,39 7,79 4,22 3,96ANM Anima Cap.Più30 N# mmmmm -1,91 — — — —ANM Anima Cap.Più15A# mmmmm -1,14 9,03 9,23 2,27 2,80ANM Anima Cap.Più15F# mmmmm -1,07 — — — —ANM Anima Cap.Più30 A# mmmmm -1,94 12,39 13,24 2,44 2,04ANM Anima Cap.Più30 F# mmmmm -1,85 — — — —ANM Anima VisconteoA mmmmm -1,96 10,25 10,08 2,94 3,59ANM Anima VisconteoF mmmmm -1,92 — — — —ArcaTE mmmmm -5,39 6,23 6,53 4,24 4,61CarigeBilanciato 30 mmmmm -2,52 15,14 11,49 4,35 2,97Fonditalia Core1 R mmmmm -2,40 8,23 — 2,49 2,29Fonditalia Core1 T mmmmm -2,36 8,76 — 2,98 —Swiss& GlobalChallen IY mmmmm -2,17 — — — —Swiss& GlobalChallen R mmmmm -2,21 4,68 — 1,93 0,40SynergiaBilanciato 30 mmmmm -2,10 9,88 9,93 2,34 —UBIPra. B. EuroRis. Cont. mmmmm -1,62 8,01 9,74 0,85 1,21UBIPra. Port. Moderato mmmmm -2,43 3,00 5,75 1,90 3,79UBIPra. Privilege 1# mmmmm -2,77 8,16 7,30 2,55 2,47UBIPra. Privilege 2# mmmmm -3,40 10,70 9,49 3,22 2,2530%msciworld&70%jpm emu -3,03 11,48 — 5,90 5,82

obbligazionariob.eurogovernativi b.t. -0,39 4,09 — 1,82 2,41

AcomeABreve Term.A1 mmmmm -0,62 15,87 3,80 6,24 4,40AcomeABreve Term.A2 mmmmm -0,60 16,44 3,80 — —Alto EuroGovernativo B/T mmmmm -0,60 5,11 5,49 2,13 2,30AmundiBreve Termine mmmmm -1,60 5,69 3,74 1,54 2,32AnimaFix EuroA mmmmm -0,10 1,66 2,31 0,85 n.s.AnimaFix EuroI mmmmm -0,09 1,88 2,31 1,07 1,55AnimaFix EuroYY mmmmm -0,08 1,89 2,31 1,16 1,64AnimaFix Obbl. BT A mmmmm -0,51 3,10 3,32 1,33 n.s.AnimaFix Obbl. BT Y mmmmm -0,46 3,57 3,32 1,76 —ANM Anima SalvadanaioA mmmmm -0,35 2,60 2,85 -0,28 0,98ANM Anima SalvadanaioF mmmmm -0,31 — — — —ArcaMM mmmmm -0,96 9,73 8,58 4,54 4,30BancoPostaObbl. Eu BT mmmmm -0,30 4,15 2,99 2,31 2,65BancoPostaReplay12 mesi mmmmm -0,06 — — — —BnlObbl EuroBT mmmmm -0,55 2,44 3,86 1,97 3,01CarigeBreve Termine mmmmm -0,19 3,91 2,42 1,75 2,16ConsultinvestBreve Term mmmmm -0,47 3,93 — 2,15 —Eticaobb.breve term.E mmmmm -0,46 2,11 — 1,17 2,16EticaObbl. BreveT. IEY mmmmm -0,44 2,43 — — —EurizonObbl. EuroBT A mmmmm -0,35 4,19 3,26 — —EurizonObbl. EuroBT D mmmmm -0,34 4,18 3,26 1,87 2,54Euromob.Prudente mmmmm -0,51 3,43 3,52 1,51 2,25Fideuram Risparmio mmmmm -0,18 1,31 2,31 0,68 0,91FondacoEuro CashBY mmmmm -0,06 — — — —FondacoEuro CashY mmmmm -0,06 2,52 — 1,60 2,23FonderselReddito mmmmm -0,42 4,75 3,80 3,32 2,97FonditEur BndShort T R mmmmm -0,76 3,39 — 1,81 3,11FonditEur BndShort T T mmmmm -0,72 3,76 — 2,15 —Fonditalia Eu CurrencyR mmmmm -0,12 1,42 — 0,95 1,18Fonditalia Eu CurrencyT mmmmm -0,10 1,71 — 1,23 —GestielleBT Cedola Cl.A mmmmm -0,16 -0,64 3,24 -0,79 1,49GestielleBT Cedola Cl.BY mmmmm -0,13 -0,16 — -0,45 —GIFocus Euro Gov. BT mmmmm -0,39 3,54 2,16 1,86 1,98Interf.Euro Currency mmmmm -0,10 1,46 — 1,09 1,40MalatestaBreveTermine mmmmm -0,31 3,60 3,10 2,03 2,53MediolanumRisp Dinam mmmmm -0,63 5,62 3,41 1,57 n.s.NordfondoObbl. B.TA mmmmm -0,40 3,73 2,24 1,53 2,06NordfondoObbl. B.TB mmmmm — — — — —Passadore BreveTermine mmmmm -0,29 3,54 3,10 1,97 2,33Pion.Eur Gov BT (ex Mon.)A mmmmm -0,33 3,31 3,10 1,94 2,45Pion.Eur Gov BT (ex Mon.)B mmmmm -0,33 3,21 — — —SoprarnoPronti Termine mmmmm -0,02 6,65 2,31 3,02 2,89Symp. ObbBreveTerm mmmmm -0,53 4,75 3,03 2,02 2,63Symp. ObbRendita mmmmm -0,45 8,82 9,46 n.s. n.s.SynergiaObb.Rend. mmmmm -0,53 8,24 11,81 n.s. n.s.SynergiaObbl. EuroBT mmmmm -0,60 4,69 3,28 1,73 —TeodoricoBreveTermine mmmmm -0,28 3,65 3,10 2,10 2,59UBIPra. Euro BT mmmmm -0,63 3,94 3,80 1,25 2,51ZenitMc BreveTer Cl.I mmmmm -0,66 3,84 — 2,01 —ZenitMc BreveTer Cl.R mmmmm -0,70 3,39 2,84 1,65 2,33jpmgbi emu 1-3yr -0,55 3,89 — 1,69 3,33

ob.eurogovernativi m/l t -1,36 7,10 — 3,42 4,53AcomeAEurobb. A1 mmmmm -0,97 18,24 8,54 7,44 6,29AcomeAEurobb. A2 mmmmm -0,93 18,66 8,54 — —Agora Income mmmmm -0,13 0,73 6,39 — —AllianzRedditoEuro mmmmm -1,78 5,16 8,01 3,51 4,78AnimaFix Obbl. MLT A mmmmm -1,72 7,21 8,15 2,97 n.s.AnimaFix Obbl. MLT Y mmmmm -1,65 7,91 8,15 3,61 —ANM ANIMACap. PiùOb. N# mmmmm -0,79 — — — —ANM Anima Obbl.EuroA mmmmm -1,02 5,84 5,45 0,84 2,81ANM Anima Obbl.EuroF mmmmm -1,00 — — — —ANM Capitale PiùObbl. A# mmmmm -0,78 5,46 5,36 1,78 3,12ANM Capitale PiùObbl. F# mmmmm -0,72 — — — —







ArcaRR mmmmm -1,54 8,49 7,67 5,04 5,19AzimutRedditoEuro mmmmm -1,44 9,45 — 2,73 3,30BancoPostaObbl. Eu MLT mmmmm -1,26 7,41 6,38 4,64 4,98Bnl Obbl. EuroM/L T mmmmm -1,72 4,30 8,49 3,39 4,41CarigeObbl. Euro LTA mmmmm -2,13 9,45 10,67 5,61 6,16CarigeObbligaz. Euro A mmmmm -1,04 5,00 4,68 3,11 3,70EpsilonQincome mmmmm -1,85 12,37 8,89 3,58 5,12EurizonObbl. Euro mmmmm -1,49 9,80 7,56 4,66 5,50Euromob.Reddito mmmmm -1,48 7,72 7,92 3,36 4,31Fideuram Rendimento mmmmm -1,54 8,93 13,79 1,79 3,04FondacoEurogov Beta BY mmmmm -1,67 0,34 — — —FondacoEurogov BetaY mmmmm -1,67 8,33 — 4,54 5,73FonderselEuro mmmmm -1,92 9,69 8,54 4,46 4,75Fonditalia Eu B.LongT R mmmmm -2,65 10,57 — 5,59 6,36Fonditalia Eu B.LongT T mmmmm -2,62 11,00 — 5,99 —Fonditalia Eu B.Med. T R mmmmm -1,77 8,01 — 4,58 5,59Fonditalia Eu B.Med.T T mmmmm -1,73 8,44 — 4,99 —GestielleMT EuroCl.A mmmmm -0,90 6,65 6,24 1,60 3,24GestielleMT EuroCl.B mmmmm -0,83 7,35 — 2,11 3,75Interf.Euro BondLongT mmmmm -2,59 10,94 — 6,33 6,73Interf.Euro BondMed. T mmmmm -1,73 8,40 — 4,98 5,94Interf.Euro Short Term1-3 mmmmm -0,50 2,77 — 1,60 2,78Interf.Euro Short Term3-5 mmmmm -1,07 5,10 — 2,95 4,50MalatestaObblig. Euro mmmmm -1,22 5,79 5,57 2,80 3,51NordfondoObbl. EuroM.T. mmmmm -1,07 6,03 6,14 1,54 2,91PioneerEu Gov MT Dis A mmmmm -1,93 7,41 8,89 — —PioneerEu Gov MT Dis B mmmmm -1,96 7,23 — — —PioneerObb.Euro Distr B mmmmm -1,72 8,25 — — —RasLux B. Europe mmmmm — — — — —Symp. Obblig.Euro mmmmm -1,51 6,78 7,85 3,64 4,96SynergiaObbl. EuroMT mmmmm -1,46 7,10 7,24 3,69 —UBIPra. Euro M/L Term. mmmmm -1,59 5,70 8,01 2,51 4,58mlemu direct government -1,69 8,54 — 4,71 6,10

ob.eurocorp.invest.grade. -1,12 8,81 — 4,30 4,08AcomeAObblig.Corp. A1 mmmmm -1,69 17,25 8,11 4,40 4,88AcomeAObblig.Corp. A2 mmmmm -1,65 17,86 8,11 — —AmundiCorporate 3 anniY mmmmm -0,26 4,36 — -0,86 —AnimaFix Imprese A mmmmm -1,30 13,76 6,96 4,79 4,64AnimaFix Imprese Y mmmmm -1,23 14,51 6,96 5,45 5,26ANM Anima Obb.Corpor. A mmmmm -1,33 13,62 6,96 3,70 4,50ANM Anima Obb.Corpor. F mmmmm -1,36 — — — —ArcaBondCorporate mmmmm -1,40 9,24 7,16 5,62 5,97BancoPosta Corp.2014 mmmmm -0,30 6,52 — — —CarigeCorporate EuroA mmmmm -1,42 9,00 7,60 4,27 4,40EurizonObbl. EuroCorp. mmmmm -1,18 7,97 7,08 4,13 3,14EurizonObbl. EuroCorp. BT mmmmm -0,39 4,67 4,31 3,15 1,43Euromob.Eu.Corp.BT mmmmm -0,79 4,75 4,58 2,38 n.s.FoiEu Corp BndS mmmmm -1,37 3,26 — — —Fonditalia Eu CorpBnd R mmmmm -1,36 6,14 — 3,76 4,69Fonditalia Eu CorpBnd T mmmmm -1,33 6,55 — 4,16 —Interf.Euro CorporateBd mmmmm -1,35 6,59 — 3,72 4,69NordfondoObbl. EuroCorp. mmmmm -1,53 9,64 6,90 5,53 6,85PioneerOb Eu Co EtDis AE mmmmm -1,80 8,74 8,44 5,14 5,79PioneerOb Eu Co EtDis BE mmmmm -1,83 8,57 — — —Symp. Obb.Corp. mmmmm -1,28 8,20 6,84 4,62 4,32SynergiaObbl Corporate mmmmm -1,13 7,87 6,96 4,51 —UBIPra. Euro Corp. mmmmm -1,32 8,98 8,15 4,74 6,33lehman euroaggr.corporate -1,39 8,33 — 5,75 6,57

ob.eurohigh yield — — — — —AnimaFix High Yeld Y mmmmm -2,31 15,59 16,65 8,28 8,59AnimaFix High YieldA mmmmm -2,39 14,44 16,65 7,25 7,61ANM Anima Ob HiYieldA mmmmm -2,27 3,41 2,57 -1,85 1,19

ANM Anima Ob HiYieldAD mmmmm -2,27 — — — —ANM Anima Ob HiYieldF mmmmm -2,18 — — — —EurizonObbl. EuroHY mmmmm -1,63 13,83 15,41 6,81 8,09FoiBndGl. High YieldTY mmmmm -2,40 10,99 — 5,97 —FoiBondGl.High YieldS mmmmm -2,47 4,28 — — —FoiBondGlobHighYield R mmmmm -2,47 10,12 — 5,47 5,87IfuBondGl. High Yield mmmmm -2,59 11,93 — 6,48 6,60mleuro high yield -1,59 18,81 — 11,51 11,20

ob.int. corp.invest.gr. — — — — —UBIPra. Obb. Glob.Corp. mmmmm -2,19 4,55 5,18 5,76 6,05lehman aggregate corporate -1,39 8,33 — 5,75 6,57

ob.int. highyield — — — — —PioneerObb GloHY Dis A mmmmm -6,13 4,48 7,30 — —PioneerObb GloHY Dis B mmmmm -6,19 4,80 — — —UBIPra. Obb. Gl.Alto Ren. mmmmm -2,34 10,42 13,52 9,30 7,59mlglobal high yield -2,20 14,21 — 11,33 10,97

ob.paesi emergenti -4,88 4,44 — 6,19 6,39ANM Anima Obb.Emerg A mmmmm -4,85 3,00 4,64 5,48 6,72ANM Anima Obb.Emerg F mmmmm -4,80 — — — —ArcaBoPaesi Em Val.Loc mmmmm -10,06 -1,12 0,86 — —ArcaBondPaesi Em. mmmmm -5,05 4,96 5,92 6,81 5,77BnlObbl Emergenti mmmmm -9,11 -2,13 -1,48 5,26 8,72EurizonObbl. Emergenti mmmmm -3,74 3,28 4,14 5,42 5,40FonditBnd Glb EmMkt R mmmmm -4,61 3,78 — 6,54 4,86FonditBnd Glb EmMkt SY mmmmm -4,61 — — — —FonditBnd Glb EmMkt T mmmmm -4,59 4,08 — 6,85 —GestielleEm Mkts BoCl.A mmmmm -4,74 4,14 4,23 6,16 6,89GestielleEm Mkts BoCl.B mmmmm -4,66 5,21 — 7,22 —Interf.BondGlb Em Mkt mmmmm -4,93 2,83 — 6,36 4,64Interf.Em.Mkt Loc.Cur HY mmmmm -8,32 1,72 — — —Interf.Em.Mkt Loc.Curr mmmmm -11,59 -3,60 — — —NordfondoObbl. Paesi Em. mmmmm -5,76 4,15 2,18 5,67 9,25PioneerOb Paesi Em Dis A mmmmm -5,63 3,85 2,14 6,05 9,28PioneerOb Paesi Em Dis B mmmmm -6,07 3,68 — — —jpmembi global diversified -8,98 -1,48 — 5,74 12,04

ob.altrespecializzazioni -1,15 7,05 — 3,49 4,57Alpi Bond mmmmm -0,12 3,54 0,07 n.s. n.s.AmundiObbligaz. Euro mmmmm -2,07 11,18 7,95 4,29 —AnimaFix Emergenti A# mmmmm -4,80 3,53 4,64 5,76 n.s.AnimaFix Emergenti Y# mmmmm -4,72 4,58 4,64 6,78 5,95AnimaForza 1 A mmmmm -0,98 3,44 2,91 2,16 n.s.AnimaForza 1 B mmmmm -0,96 3,44 2,91 2,17 —AnimaForza 1 Y mmmmm -0,95 3,78 2,91 2,51 2,65AnimaForza 2 A mmmmm -1,18 5,51 5,60 3,07 n.s.AnimaForza 2 B mmmmm -1,20 5,51 5,60 3,07 —AnimaForza 2 Y mmmmm -1,18 5,92 5,60 3,48 2,69ANM Anima Riserva Emer.A mmmmm -5,80 — — — —ANM Anima Riserva Emer.F mmmmm -5,87 — — — —ANM Anima Riserva Glob.A mmmmm -1,48 — — — —ANM Anima Riserva Glob.F mmmmm -1,46 — — — —AureoCedola I -2016 mmmmm -1,84 13,32 — — —AureoCedola II - 2017 mmmmm -2,17 — — — —AzimutTrendTassi mmmmm -1,52 11,78 — 3,77 3,60BancoPostaObbl Dic 2017 mmmmm -1,54 11,23 — — —BancoPostaObbl. Feb14 mmmmm -0,18 6,34 — — —BCCCedola III Op- 2017 mmmmm -2,74 — — — —BCCCedola IV -2018 mmmmm — — — — —BCCCedola IV Op-2018 mmmmm — — — — —BNL 3X3 mmmmm -0,24 2,93 6,88 — —CarigeForziere Euro mmmmm -0,11 n.s. 1,23 n.s. n.s.







CarigeObb. GlobaleA mmmmm -2,42 6,48 5,97 n.s. n.s.EurizonObbl. CedolaA mmmmm -1,18 6,12 5,55 — —EurizonObbl. CedolaD mmmmm -1,18 2,86 5,55 1,10 2,80EurizonObbl. EticoE mmmmm -1,69 7,99 7,24 5,16 6,08FoiCore BondR mmmmm -3,50 4,28 — — —FoiCore BondT mmmmm -3,46 4,69 — — —FoiEu YieldPl S mmmmm -0,61 0,19 — — —FonderselSh. Term Asset mmmmm -0,05 — — — —Fonditalia Eu YieldPl R mmmmm -0,60 1,50 — 0,13 n.s.Fonditalia Eu YieldPl T mmmmm -0,57 1,87 — 0,49 n.s.Fonditalia InflatLinked R mmmmm -3,80 -0,45 — 4,19 3,66Fonditalia InflatLinked T mmmmm -3,76 -0,06 — 4,59 —GestielleObbl. Corp. A mmmmm -1,45 15,52 11,07 7,68 8,45GestielleObbl. Corp. B mmmmm -1,38 16,48 — 7,80 —Interf. InflationLinked mmmmm -3,55 0,25 — 5,03 4,40InterfundGlob.Convert mmmmm -0,89 12,74 — — —NordfondoObbl. Conv. mmmmm -1,55 11,48 12,95 3,33 2,54PioneerCIM EuroFixIncome mmmmm -1,40 8,90 — 4,96 5,39PioneerObb.Euro Distr A mmmmm -1,73 8,39 7,95 4,89 5,61RasLux Short T. Dollar mmmmm — — — — —RasLux Short T. Eur. mmmmm — — — — —Star Coll.ObbM/L Ter.# mmmmm -1,63 — — — —Star Coll.Obb. Inter.# mmmmm -6,13 — — — —UBIPra. Obb. Dollari mmmmm -5,93 -5,31 -5,39 2,11 8,02jpmglobal -1,94 -8,06 — 1,57 7,61

ob.misti -1,83 9,57 — 3,14 3,32AcomeAPerform. A1 mmmmm -2,12 16,96 2,69 5,39 4,84AcomeAPerform. A2 mmmmm -2,07 17,57 2,69 — —AlleanzaObbligaz. mmmmm -4,61 11,25 17,85 0,87 2,20Alto Obbligazionario mmmmm -1,88 16,09 17,85 2,79 3,45AnimaTr. 18 It.Al.Pot.II mmmmm -1,62 — — — —AnimaTr.18 Eu.Al.Pot.II mmmmm -0,96 — — — —AnimaTr.18 Eu.Al.Pot.III mmmmm — — — — —AnimaTrag 18 Alto Pot. mmmmm -1,58 — — — —AnimaTrag 18 Eu.Al.Pot. mmmmm — — — — —AnimaTrag 18 It.Al.Pot. mmmmm -1,67 — — — —ANM Anima Cap.Più15N# mmmmm -1,14 — — — —ANM Anima SforzescoA mmmmm -1,57 6,83 3,78 3,02 4,53ANM Anima SforzescoF mmmmm -1,53 — — — —ArcaObbligaz. Europa mmmmm -2,58 6,46 6,15 4,91 4,68BancoPostaMix 1 mmmmm -1,51 7,62 7,80 4,09 4,29CarigeBilanciato 10 mmmmm -2,02 11,23 7,41 4,24 3,58EticaObbl. MistoIEY mmmmm -1,48 6,20 — — —EticaObbligaz. mistoE mmmmm -1,54 5,58 — 3,22 4,58EurizonDiversEticoE mmmmm -1,96 8,13 6,59 3,98 4,22EurizonRenditaA mmmmm -0,63 6,74 4,78 — —EurizonRenditaD mmmmm -0,64 5,46 4,78 1,45 1,35EurizonSoluzione 10 mmmmm -1,45 6,30 6,13 1,96 1,87GestielleCedola PiùIta mmmmm -2,68 — — — —Nextam Part.Obbl. Misto mmmmm -2,18 12,31 — 4,48 4,24NordfondoEtico ObMistoE mmmmm -1,42 9,80 9,16 1,05 2,36PioneerOb. Piu' Dis A mmmmm -1,88 4,33 1,98 4,27 4,45PioneerOb. Piu' Dis B mmmmm -1,95 4,70 — — —Symp. Patrim. Redd. mmmmm -2,43 8,03 — 3,20 2,89SynergiaBilanciato 15 mmmmm -1,55 7,28 8,22 2,35 —UBIPra. Port. Prudente mmmmm -1,51 1,51 4,45 1,44 2,95Unicredit RedditoA# mmmmm -4,93 — — — —Unicredit RedditoB# mmmmm -4,96 — — — —ZenitMc Obbligaz. Cl.I mmmmm -1,55 5,52 — 2,50 —ZenitMc Obbligaz. Cl.R mmmmm -1,60 4,97 7,46 1,97 3,2680%jpm global&20%msci world -2,74 -2,95 — 3,25 7,23

ob.flessibili -1,57 7,96 — 3,30 3,25

AllianzObbligaz. Flessibile mmmmm -1,08 2,28 — 1,58 2,40AmundiDivers. Attiva 18 mmmmm -0,04 — — — —AmundiMeta 2018 mmmmm -1,46 — — — —AmundiMeta 2018 Due mmmmm -1,47 — — — —AmundiMeta 2018 Premium mmmmm -1,94 — — — —AmundiMeta 2018 Quattro mmmmm — — — — —AmundiMeta 2018 TRE mmmmm -2,10 — — — —AmundiTraguardo 3% mmmmm -1,33 — — — —AnimaRend.Ass.Obbligaz. A mmmmm -1,96 2,18 — n.s. n.s.AnimaRend.Ass.Obbligaz. Y mmmmm -2,28 2,41 — n.s. n.s.AnimaTrag 2017 Ced4 II mmmmm -1,41 10,64 — — —ANM Anima Risparmio A mmmmm -0,70 5,14 — 1,17 2,99ANM Anima Risparmio F mmmmm -0,80 — — — —ANM Anima Tr.18 M.CedII mmmmm -1,78 — — — —ANM Anima Trag 17Ced4 mmmmm -1,30 12,28 — — —ANM Anima Trag 17Ced4 3 mmmmm -1,62 — — — —ANM Anima Trag 2016Ced3 mmmmm -1,07 12,95 — — —ANM Anima Trag 2017M.Ced mmmmm -1,51 — — — —ANM Anima Trag 2018C.Sem mmmmm -1,73 — — — —ANM Anima Trag 2018T.Ced mmmmm -1,67 — — — —ANM Anima Trag II2016 mmmmm -0,91 13,39 — — —ANM Anima Traguardo2016 mmmmm -0,89 12,33 — — —ANM Anima Traguardo2018 mmmmm -2,08 15,67 — — —ArcaCedBondGlob Eur mmmmm -1,02 9,31 — 4,67 —ArcaCed.18 Ob.Attiva II mmmmm — — — — —ArcaCed.18 Obb.Attiva mmmmm -1,62 — — — —ArcaCed.18 Paesi Em.VL P mmmmm -1,48 — — — —ArcaCed.18 Paesi Em.VL R mmmmm -1,46 — — — —ArcaCed.18 Paesi Em.VL2 P mmmmm — — — — —ArcaCed.18 Paesi Em.VL2 R mmmmm — — — — —ArcaCed.Bo.2015 Alto Pot mmmmm -1,03 10,31 — 5,92 —ArcaCed.Bo.2015 Alto Pot.2 mmmmm -1,50 10,96 — — —ArcaCed.Bo.2016 Alto Pot.3 mmmmm -1,70 12,56 — — —ArcaCed.Bo.2017Alto Pot.4 mmmmm -1,78 14,76 — — —ArcaCed.Bo.2017Alto Pot.5 mmmmm -1,66 11,40 — — —ArcaCed.Bo.2017Alto Pot.6 mmmmm -1,79 — — — —ArcaCed.BondGlob.Eu II mmmmm -1,12 9,07 — — —ArcaCed.BondGlob.Eu III mmmmm -1,25 8,25 — — —ArcaCed.BondPaesi Em. mmmmm -1,47 6,32 — — —ArcaCed.Corp.BondII mmmmm -0,11 3,84 — 3,40 —ArcaCed.Corp.BondIII mmmmm -0,11 3,81 — 3,27 —ArcaCed.Corp.BondIV mmmmm -0,41 4,91 — — —ArcaCed.Gov.Eu.Bond mmmmm -0,08 6,55 — 2,57 —ArcaCed.Gov.Eu.Bond II mmmmm -0,27 9,50 — 3,12 —ArcaCed.Gov.Eu.Bond III mmmmm -0,39 10,13 — 3,88 —ArcaCed.Gov.Eu.Bond IV mmmmm -0,81 11,31 — — —ArcaCedola Corp.Bond mmmmm -0,06 0,61 — 1,81 —BCCRisparmio Obbligaz. mmmmm -1,38 3,62 — 1,09 1,26BnlTargetReturn Liquid mmmmm -0,10 2,28 — 1,41 1,36CarigeForziere Obbligazionario mmmmm — — — — —CarigeObbl. Cedola A mmmmm -1,04 — — — —Consult High YieldCl. A mmmmm -4,60 11,24 — 3,51 3,91Consult RedditoCl. A mmmmm -1,64 16,12 — 3,14 2,05Consult RedditoCl. B mmmmm — — — — —Consult ValoreCl. A mmmmm -1,05 17,04 — 3,25 2,72Consult ValoreCl. B mmmmm — — — — —EurizonCed. Doc 02/19 mmmmm -2,40 — — — —EurizonCed. Doc 04/19 mmmmm -2,48 — — — —Euromob.Emerg Mkt Bond mmmmm -6,14 — — n.s. n.s.Euromob.Obiettivo 2015 mmmmm -1,12 8,96 — — —Euromob.Total Ret Flex2 mmmmm -1,83 2,45 — 1,19 1,95FoiGlobalBond R mmmmm -3,56 -2,44 — — —FoiGlobalBond S mmmmm -3,56 -5,06 — — —FoiGlobalBond T mmmmm -3,51 -1,99 — — —







FonditEthical R mmmmm -0,97 — — — —FonditEthical TY mmmmm -0,95 — — — —Fonditalia FlexibBondR mmmmm -2,14 3,20 — n.s. n.s.Fonditalia FlexibBondS mmmmm -2,14 1,32 — — —Fonditalia FlexibBondT mmmmm -2,08 3,69 — n.s. n.s.GestielleCedFissa II A mmmmm -3,48 — — — —GestielleCedFissa II BY mmmmm -3,37 — — — —GestielleCedola Fissa mmmmm -1,78 — — — —GestielleCedola O.B.E. mmmmm -0,92 6,07 — — —GestielleCedola O.G.E. mmmmm -1,19 9,29 — — —GestielleCedola Più mmmmm -2,70 — — — —GIFocus Obbligazionario mmmmm -1,73 -1,46 — -0,48 1,42MediolanumFleObb Glob mmmmm -3,40 8,04 — 4,13 n.s.RitorniReali mmmmm -2,30 -0,21 — -0,07 2,36Symp. Obb.Alto Pot. mmmmm -1,53 — — — —Symp. Obb.Din. Val. mmmmm -5,39 -3,51 — n.s. n.s.SynergiaBondFlessib. mmmmm -1,11 4,02 — — —UBIPra. Active Duration mmmmm -1,27 4,69 — 1,18 —UBIPra. Tot RetPr mmmmm -0,64 1,48 — 0,91 2,86UniCreditSoluzione BTA mmmmm -0,02 0,93 — — —UniCreditSoluzione BTB mmmmm -0,08 0,42 — — —jpmgbi global all.mat. -1,94 -8,06 — 1,57 7,61

ob.italia -0,57 — — — —ANM Anima TricoloreA mmmmm -2,12 13,66 16,80 — —ANM Anima TricoloreF mmmmm -2,10 — — — —AzimutSolidity mmmmm -1,36 9,00 — 1,98 2,31BancoPostaObb.Ita Dic18 mmmmm -2,29 — — — —EpsilonItalyBo.Sh.Term A mmmmm -0,17 — — — —EpsilonItalyBo.Sh.Term B mmmmm -0,14 2,09 2,44 1,71 1,76EpsilonItalyBo.Sh.Term I mmmmm -0,12 — — — —EurizonObbl. ItaBT A mmmmm -0,38 5,37 4,66 2,22 1,84EurizonObbl. ItaBT B mmmmm -0,35 5,70 4,66 2,52 2,13PioneerOb.Sist.It Dis A mmmmm -1,94 14,25 16,80 — —PioneerOb.Sist.It Dis B mmmmm -1,95 14,08 — — —jpmgbi italy tradedindex -1,74 17,08 — 5,05 6,36

monetariarea euro -0,08 2,00 — 1,24 1,34AcomeALiquidita' A1 mmmmm -0,01 10,29 1,23 n.s. n.s.AcomeALiquidita' A2 mmmmm — 10,30 1,23 — —Agora Cash mmmmm 0,02 0,82 0,45 1,56 1,94AllianzLiquidita'A mmmmm -0,09 1,07 1,23 0,95 1,17AllianzLiquidita'B mmmmm -0,05 1,37 1,23 1,26 1,50AmundiLiquidita' mmmmm -0,02 1,00 0,59 0,94 1,12Anfiteatro Tesoreria mmmmm — — — — —ANM Anima Liq. EuroA mmmmm — — — — —ANM Anima Liq. EuroF mmmmm -0,03 — — — —ANM Anima Liq. EuroI mmmmm -0,03 1,02 0,64 1,50 1,85AzimutGaranzia mmmmm -0,17 2,88 — 1,43 1,36BancoPostaLiquid. EuroG mmmmm -0,09 2,05 1,75 n.s. n.s.BCCMonetario mmmmm -0,09 0,78 0,85 0,45 0,89Bnl Cash mmmmm -0,07 0,61 1,22 0,70 1,01EurizonTesor.EuroA mmmmm -0,09 2,11 1,66 1,28 1,46EurizonTesor.EuroB mmmmm -0,07 2,41 1,66 1,57 1,74Euromob.Conservativo mmmmm -0,20 2,04 2,39 1,14 1,13Fideuram Moneta mmmmm -0,13 1,54 2,31 1,03 1,15NordfondoLiquidità mmmmm -0,12 2,04 0,70 1,20 1,45PioneerLiquidita'Euro mmmmm -0,04 0,97 0,10 1,04 —SynergiaTesoreria mmmmm -0,12 1,78 1,23 1,02 —UBIPra. Euro Cash mmmmm -0,19 2,14 1,23 1,13 1,34jpmigbi 3m cash 0,02 0,45 — 1,21 1,94

flessibili

fondiflessibili -2,37 8,40 — 2,05 0,808a+GranParadiso mmmmm 1,64 -0,77 — -0,69 —8a+Latemar mmmmm -1,54 9,76 — 2,01 2,00AbisFlessibile mmmmm -1,09 13,08 — 2,53 1,81AcomeAEtf Attivo A1 mmmmm -10,05 7,96 — n.s. n.s.AcomeAEtf Attivo A2 mmmmm -9,94 9,02 — — —AcomeAPatr. Aggr.A2 mmmmm -3,52 21,77 — — —AcomeAPatr. Aggr.A1 mmmmm -3,61 21,00 — 0,28 -4,48AcomeAPatr. Dinam.A1 mmmmm -2,36 18,15 — 3,19 0,69AcomeAPatr. Dinam.A2 mmmmm -2,29 18,92 — — —AcomeAPatr. Prud. A1 mmmmm -2,03 15,76 — 5,43 4,06AcomeAPatr. Prud. A2 mmmmm -1,98 16,47 — — —ActiveDiscovery FlexY mmmmm -2,19 — — — —ActiveGlobal FlexY mmmmm -2,19 — — — —ActiveOpport. FlexY mmmmm -2,19 — — — —Agora 4Invest mmmmm -1,47 — — — —Agora Pegasus mmmmm -4,63 — — — —Agora Selection# mmmmm -5,98 -14,03 — -4,86 -2,82Agora ValoreProtetto mmmmm -0,83 0,71 — 2,63 2,58Agoraflex QY mmmmm -2,28 — — — —Agoraflex R mmmmm -2,39 -3,40 — 1,42 1,47AlaricoRe mmmmm -3,06 19,44 — -3,99 -3,38AlkimisCap UcitsAcc. mmmmm -1,41 5,42 — 3,70 —AlkimisCap UcitsCoup. mmmmm -1,45 — — — —AllianzGlobalStrategy 15 mmmmm -1,66 3,84 — 1,58 1,84AllianzGlobalStrategy 30 mmmmm -2,33 5,09 — 1,84 1,27AllianzGlobalStrategy 70 mmmmm -3,50 10,97 — 2,52 2,83AmundiAbsolute# mmmmm -2,98 1,85 — 0,48 0,77AmundiEquipe 1# mmmmm -1,70 1,22 — 0,79 1,31AmundiEquipe 2# mmmmm -2,35 2,23 — 1,48 1,67AmundiEquipe 3# mmmmm -3,92 2,67 — 1,50 1,94AmundiEquipe 4# mmmmm -5,64 2,13 — 1,53 1,29AmundiEu Brasile 2016G mmmmm -8,38 -1,78 — — —AmundiEu Bric 2017GY mmmmm -7,85 -1,29 — — —AmundiEu China DW mmmmm 0,07 2,67 — 0,42 —AmundiEu Cina Ripr 2015 mmmmm -1,71 7,02 — 2,88 —AmundiEu Cr.Ar.Euro 19G mmmmm -3,37 — — — —AmundiEu Cr.Az 2017G mmmmm -3,76 14,04 — — —AmundiEu Cr.Az II 2017G mmmmm -2,77 14,39 — — —AmundiEu Cr.Fin 2015G mmmmm -1,60 25,85 — — —AmundiEu Cr.Fin 2017G mmmmm -4,07 22,04 — — —AmundiEu Cr.Ita 2015G mmmmm -3,18 20,46 — — —AmundiEu Cr.Ita 2018G mmmmm -5,25 21,80 — — —AmundiEu Cr.Set.Imm17G mmmmm -3,76 15,87 — — —AmundiEu Cr.Tai 2018G mmmmm -3,67 20,93 — — —AmundiEu CV 17G mmmmm -3,49 11,51 — — —AmundiEu CV 18G mmmmm -2,88 13,66 — — —AmundiEu Dop Opp 2014 mmmmm -1,80 9,26 — 3,16 —AmundiEu Double CallG mmmmm -2,72 8,96 — 1,04 —AmundiEu DoWin 2013 mmmmm -0,78 7,04 — 2,48 —AmundiEu EuEmRip17GY mmmmm -0,37 12,65 — — —AmundiEu Italia DopOp18G mmmmm -4,38 — — — —AmundiEu Ma.In.DpOp18G mmmmm -3,79 4,71 — — —AmundiEu Mat Pr 2015G mmmmm 0,29 8,50 — — —AmundiEu Merc. Em.18G mmmmm -4,52 4,61 — — —AmundiEu P IV 2017G mmmmm -1,45 9,17 — — —AmundiEu Sv M P2016GY mmmmm -0,29 6,54 — — —AmundiEu Sv.It-Fr-Sp18G mmmmm -4,07 — — — —AmundiEu Svi. Russia18G mmmmm -7,18 — — — —AmundiEu Svi.Germa18G mmmmm -2,22 — — — —AmundiEu Svil.En. 2016G mmmmm -2,95 7,18 — — —AmundiEu Svil.Merc.Em17G mmmmm -4,34 4,06 — — —AmundiEu Utilit.DopOp18G mmmmm -2,88 — — — —AmundiEu.Cr.Cina 2017G mmmmm -7,99 1,15 — — —







AmundiEu.En.DpOp18GY mmmmm -3,72 — — — —AmundiEu.Sv.Gr.Cina18G mmmmm -5,15 — — — —AmundiEur. BRICT Pr17G mmmmm -8,96 -0,16 — — —AmundiEur.Svil.USA 2016G mmmmm -1,04 17,88 — — —AmundiEur.Svil.USA 2018G mmmmm -1,95 — — — —AmundiEureka Cina2015G mmmmm -5,15 4,53 — — —AmundiEureka DragonG mmmmm -0,44 5,42 — 4,37 —AmundiEureka Or 2015G mmmmm -4,01 6,51 — 2,45 —AmundiEureka Rip.2014 mmmmm -1,48 15,29 — 4,44 —AmundiEureka Rip.2016G mmmmm -1,91 20,25 — — —AmundiEureka Rip.22014 mmmmm -1,11 15,40 — 4,11 —AmundiEureka Sett.2016G mmmmm -0,61 5,56 — 1,90 —AmundiEureka Usa2015G mmmmm — 5,38 — 5,66 —AmundiFoEurEqOp2 2013 mmmmm — 12,30 — 4,54 1,42AmundiFoGaEMEqRe 2014 mmmmm -0,21 0,96 — 0,89 1,81AmundiFoGaEMEqRe2013 mmmmm -0,08 -0,14 — 0,59 1,45AmundiFoGaEqRe2 2013 mmmmm -0,08 -0,08 — 1,32 1,27AmundiFor GarDue 2013 mmmmm -0,27 -0,06 — 0,87 1,81AmundiForGaEqRe 13 mmmmm -0,54 0,62 — 1,66 1,94AmundiForGaEqRe 14 mmmmm -1,84 3,83 — 0,61 —AmundiForGarHiDiv 14 mmmmm -0,02 1,01 — 0,95 1,66AmundiPiu'# mmmmm -2,04 1,80 — 1,22 1,74Anfiteatro TotalReturn mmmmm — — — — —AnimaStar Eu AltoPot A mmmmm -1,88 11,64 — 4,10 3,10AnimaStar Eu AltoPot Y mmmmm -1,78 12,46 — 4,97 3,60AnimaStar ItAltoPot A mmmmm -1,17 13,33 — 6,01 2,58AnimaStar ItAltoPot Y mmmmm -1,10 14,31 — 6,63 2,91AnimaTr.18 It.Al.Pot.III mmmmm -1,64 — — — —ANM Anima Alto Pot.Gl.A mmmmm -2,03 8,46 — 2,66 2,16ANM Anima Alto Pot.Gl.F mmmmm -1,97 — — — —ANM Anima FondoTrading A mmmmm -3,20 14,84 — 3,46 1,62ANM Anima FondoTrading F mmmmm -3,09 — — — —AnthiliaOrangeY# mmmmm -2,82 3,16 — 1,37 1,10AnthiliaYellow mmmmm -1,22 13,91 — 2,90 3,26ArcaCap.Gar. Dic2013G mmmmm -1,36 3,37 — 1,05 —ArcaCap.Gar. Giu2013G mmmmm -0,10 1,45 — 0,32 0,08ArcaCashPlus mmmmm -1,09 4,86 — n.s. n.s.ArcaFormEuStoxx (R)2015 mmmmm -3,73 23,04 — — —ArcaFormII EStox (R)2015 mmmmm -3,47 17,44 — — —ArcaStrat.Gl.Crescita mmmmm -2,79 8,06 — 5,47 2,68ArcaStrat.Gl.Opportun. mmmmm -4,68 13,18 — 7,99 3,76AzimutDinamico mmmmm -2,34 11,08 — 2,35 0,78AzimutScudo mmmmm -2,39 10,59 — 2,84 2,92AzimutStr. Trend mmmmm -1,36 16,30 — 5,70 3,29AzimutTrend mmmmm -2,24 16,47 — 10,60 4,39AzimutTrendAmerica mmmmm -4,60 15,95 — 8,22 4,16AzimutTrendEuropa mmmmm -3,61 17,77 — -0,03 -5,11AzimutTrendItalia mmmmm -7,10 34,11 — -2,41 -6,75AzimutTrendPacifico mmmmm -8,83 4,21 — 1,36 -0,12BancoPosta Extra mmmmm -3,25 4,19 — 0,76 1,53BancoPosta StepG mmmmm -1,24 -1,98 — -1,56 —BancoPosta TrendG# mmmmm -0,83 6,60 — 2,04 —BancoPostaInv Pr 90 mmmmm -2,85 3,66 — 0,60 0,34BancoPostaObbl Giu 2015 mmmmm -0,51 6,52 — — —BancoPostaObbl Giu 2017 mmmmm -1,46 12,29 — — —BCCCedola III -2017 mmmmm -2,36 — — — —BCCCrescita Bilanciato mmmmm -2,56 8,32 — 1,07 -1,21BCCInvestimento Azion. mmmmm -2,67 16,56 — -1,66 -5,07BCCSelez. Crescita# mmmmm -3,99 n.s. — n.s. n.s.BCCSelez. Investimento# mmmmm -7,22 7,38 — 2,68 -0,08BCCSelez. Opportunità# mmmmm -3,23 n.s. — n.s. n.s.BCCSelez. Risparmio# mmmmm -1,80 n.s. — n.s. n.s.Bnl Protezione mmmmm -0,69 0,30 — -0,50 1,72BNPP 100%e Piu' Gr AsiaG mmmmm -0,06 -1,83 — -1,35 1,16

BNPP100%e Piu' Gr EurG mmmmm -0,06 -0,65 — -0,22 1,19BNPPEquipe Attacco# mmmmm -1,70 3,43 — 0,35 -0,24BNPPEquipe Centrocampo# mmmmm -1,03 2,06 — 0,33 0,07BNPPEquipe Difesa mmmmm -0,22 2,94 — 0,70 1,67CarigeForziere Dinamico mmmmm — — — — —CarigeTotal Return 1 mmmmm -0,19 3,40 — 0,63 0,64CarigeTotal Return 2 mmmmm -1,16 1,68 — -0,55 -2,14Consult Alto Div.Cl. A mmmmm -6,77 12,86 — 3,28 1,52Consult Alto Div.Cl. B mmmmm — — — — —Consult High YieldCl. B mmmmm — — — — —Consult Multi LowVol A# mmmmm -3,08 — — — —Consult Multi LowVol B# mmmmm -3,08 — — — —Consult Multi Med Vol A# mmmmm — — — — —Consult Multi Med Vol B# mmmmm -3,79 — — — —Consult Multi OpportA# mmmmm -4,32 — — — —Consult Multi OpportB# mmmmm -4,31 — — — —ConsultinvestMercati Em mmmmm -13,46 -4,78 — -3,93 -1,88ConsultinvestMulti Flex A# mmmmm -3,92 8,33 — 3,59 1,34ConsultinvestMulti Flex B# mmmmm -3,92 — — — —ConsultinvestPlus mmmmm -1,51 16,19 — 4,86 —ECCapProtetto 12/14P mmmmm -1,77 9,40 — 1,79 —EpsilonQReturn mmmmm -1,56 13,48 — 5,04 3,15EurizonCed.Att+ 05/18 mmmmm -2,35 — — — —EurizonCed.Att+ 06/18 mmmmm -1,82 — — — —EurizonCed.Att.05/18 mmmmm -1,75 — — — —EurizonCed.Att.06/18 mmmmm -1,46 — — — —EurizonCed.Att.Top05/20 mmmmm -1,36 — — — —EurizonCed.Att.Top06/20 mmmmm -0,20 — — — —EurizonGes.At.Cla02/18# mmmmm -2,40 — — — —EurizonGes.At.Cla04/18# mmmmm -2,45 — — — —EurizonGes.At.Cla11/17# mmmmm -2,32 — — — —EurizonGes.At.Cla6/18# mmmmm -0,12 — — — —EurizonGes.At.Cla7/17# mmmmm -2,39 2,94 — — —EurizonGes.At.Cla9/17# mmmmm -2,31 — — — —EurizonGes.At.Din 02/18# mmmmm -4,50 — — — —EurizonGes.At.Din 04/18# mmmmm -4,73 — — — —EurizonGes.At.Din 11/17# mmmmm -4,57 — — — —EurizonGes.At.Din 6/18# mmmmm -0,12 — — — —EurizonGes.At.Din 9/17# mmmmm -4,39 — — — —EurizonGes.At.Din. 7/17# mmmmm -4,56 5,86 — — —EurizonGes.At.Opp02/18# mmmmm -5,67 — — — —EurizonGes.At.Opp04/18# mmmmm -5,92 — — — —EurizonGes.At.Opp11/17# mmmmm -5,64 — — — —EurizonGes.At.Opp6/18# mmmmm -0,14 — — — —EurizonGes.At.Opp9/17# mmmmm -5,16 — — — —EurizonGes.At.Opp.7/17# mmmmm -5,66 6,30 — — —EurizonGest.At.Cla 12/17# mmmmm -2,34 — — — —EurizonGest.At.Din12/17# mmmmm -4,56 — — — —EurizonGest.At.Opp 12/17# mmmmm -5,57 — — — —EurizonObiettivo Rend# mmmmm -1,71 4,64 — 1,75 1,59EurizonProfiloFle Dif.# mmmmm -1,09 3,99 — 1,58 1,64EurizonProfiloFle Equi# mmmmm -2,18 5,86 — 2,05 1,43EurizonProfiloFle Svil# mmmmm -4,00 9,64 — 2,67 1,66EurizonRend.Ass 2anni# mmmmm -0,89 3,85 — 1,58 1,79EurizonRend.Ass 3anni# mmmmm -1,74 4,86 — 1,45 1,34EurizonStra Pro 1tri13G# mmmmm -1,94 1,85 — 0,60 0,44EurizonStra. Flessib 15G mmmmm -0,64 1,90 — 0,72 2,02EurizonStra.Pro 1tri12G# mmmmm -2,19 5,46 — 1,79 1,78EurizonStra.Pro 2tri12G# mmmmm -1,98 3,56 — 0,81 1,37EurizonStra.Pro IIITr11G# mmmmm -2,35 4,88 — 2,42 2,98EurizonTeam 1Cl A# mmmmm -0,95 2,60 — 1,31 1,77EurizonTeam 1Cl G# mmmmm -0,95 3,01 — 1,45 —EurizonTeam 2Cl A# mmmmm -1,67 3,68 — 1,53 2,41EurizonTeam 2Cl G# mmmmm -1,63 4,00 — 1,81 —







EurizonTeam 3 ClA# mmmmm -2,85 5,68 — 1,67 1,35EurizonTeam 3 ClG# mmmmm -2,79 6,19 — 2,15 —EurizonTeam 4Cl A# mmmmm -4,26 7,81 — 2,04 0,48EurizonTeam 4Cl G# mmmmm -4,43 8,36 — 2,58 —EurizonTeam 5Cl A# mmmmm -5,06 10,47 — 2,43 -0,11EurizonTeam 5Cl G# mmmmm -5,29 11,13 — 3,02 —Euromob.Real Assets mmmmm -4,32 -2,36 — -0,82 n.s.Euromob.Strategic Flex mmmmm -5,79 0,93 — 0,12 0,58Euromob.Tot. Ret. Flex3 mmmmm -2,37 3,11 — 1,44 -0,14Federico Re mmmmm — — — — —FinintSystematic mmmmm -3,35 — — — —FMS- AbsoluteReturn# mmmmm -3,40 1,26 — -1,13 -2,03FocusClasse A mmmmm -2,15 — — 1,51 -0,03FocusClasse R mmmmm -2,13 10,44 — — —FoiFlexEurope R mmmmm 0,86 3,00 — — —FoiFlexEurope T mmmmm 0,94 3,65 — — —FoiFlexItaly R mmmmm -1,19 15,73 — — —FoiFlexItaly T mmmmm -1,15 16,49 — — —FondacoGlobal Opport. BY mmmmm -2,84 — — — —FondacoGlobal Opport.Y# mmmmm -2,84 2,60 — 2,06 1,61FonderselWorld All.# mmmmm -10,36 1,27 — -0,32 -1,33FonditFlexib DynamicR mmmmm -3,15 27,80 — 7,60 -2,37FonditFlexib DynamicT mmmmm -3,21 24,84 — 7,04 —FonditFlexib StrategyR mmmmm -4,20 2,09 — 0,39 -0,28FonditFlexib StrategyS mmmmm -4,20 -0,79 — — —FonditFlexib StrategyT mmmmm -4,15 2,55 — 0,84 —Fonditalia FlexMulti R mmmmm -4,68 -0,46 — -0,01 -1,31Fonditalia FlexMulti T mmmmm -4,61 0,14 — 0,60 —Fonditalia FlexibGrowthR mmmmm -2,23 4,11 — 1,65 -0,58Fonditalia FlexibGrowthT mmmmm -2,20 4,41 — 2,00 —Formula 1Absolute mmmmm -3,08 11,01 — -0,28 -2,19Formula 1Conservative mmmmm -1,54 7,36 — 1,37 -0,25Formula 1Target2013 mmmmm -1,69 4,37 — 0,87 0,17Formula 1Target2014 mmmmm -2,18 7,80 — 0,71 -1,38GestielleAbsolute R mmmmm -1,75 16,48 — 0,55 2,20GestielleD Opp.2015 FAFG mmmmm -1,52 17,22 — — —GestielleHarmonia Dinam.# mmmmm -2,00 5,90 — 0,46 —GestielleHarmonia Mod.# mmmmm -1,11 4,82 — 0,84 —GestielleMult.A.R. PlusI# mmmmm — — — — —GestielleMult.Ab.Ret# mmmmm -2,39 7,90 — — —GestielleOb America mmmmm -0,13 12,40 — n.s. n.s.GestielleOb Brasile mmmmm -11,34 -5,79 — -6,74 —GestielleOb Cina mmmmm -7,03 0,27 — n.s. n.s.GestielleOb East Europe mmmmm -4,67 1,20 — n.s. n.s.GestielleOb India mmmmm -7,84 3,18 — n.s. n.s.GestielleOb Internaz. mmmmm -2,48 18,26 — n.s. n.s.GestielleOb Piu' IIP mmmmm -2,27 18,24 — — —GestielleOb Piu'P mmmmm -2,17 13,81 — 2,21 —GestielleOb Risp A mmmmm -0,74 9,62 — n.s. n.s.GestielleOb Risp B mmmmm -0,70 10,12 — n.s. n.s.GestielleOb. CedolaP mmmmm -2,22 17,83 — 1,11 —GestielleOb. Em. Mkt mmmmm -8,98 -0,52 — n.s. n.s.GestielleOb. Europa mmmmm -2,06 26,63 — n.s. n.s.GestielleOb.Italia mmmmm -4,04 24,33 — n.s. n.s.GestnordAsset Allocation mmmmm -2,48 5,11 — 2,05 -1,40GIFocus Azionario mmmmm -0,61 -1,84 — 0,41 -3,65IGMFdF Flessibile Cl.A# mmmmm -1,98 5,04 — 0,93 —IGMFdF Flessibile Cl.B# mmmmm -1,93 5,75 — 1,55 —Interf.System Evolution mmmmm -0,63 5,80 — 1,91 0,89InterfundSystem 100 mmmmm -0,81 1,50 — 0,43 -1,60InvestitoriFlessibile mmmmm -2,60 8,98 — 1,96 0,88ItalfortuneGlob TotRet mmmmm -2,41 13,85 — 0,60 n.s.

KairosIncome mmmmm -0,12 0,58 — 0,55 0,96KairosSmall Cap mmmmm -0,29 6,36 — 3,35 -0,24Macro F.o. mmmmm -2,76 2,24 — 0,84 -3,04MediolanumFleStrateg. mmmmm -2,52 9,32 — 2,57 n.s.MediolanumFles. Ita. mmmmm -4,96 28,23 — 2,50 n.s.MediolanumFles.Glo. mmmmm -7,16 9,55 — 2,67 n.s.OpenFund Rit. Ass. Var2# mmmmm -1,26 3,83 — 0,70 0,82OpenFund Rit.Ass Var4# mmmmm -1,56 3,60 — -0,42 -0,10PioneerTarget Controllo A mmmmm -2,27 5,59 — 2,27 2,43PioneerTarget Controllo B mmmmm -2,29 5,44 — — —RaiffeisenStrat. Fonds mmmmm -0,52 0,79 — — —Sofia Flex mmmmm — — — — —SoprarnoGlobal Macro A mmmmm -2,10 -7,53 — -1,35 -1,15SoprarnoGlobal Macro BY mmmmm -2,05 -7,02 — -0,88 -0,67SoprarnoInflaz. 1,5%BY mmmmm -1,57 3,60 — 2,30 2,88SoprarnoInflaz. 1,5%A mmmmm -1,59 3,35 — 2,06 2,63SoprarnoRelat ValueA mmmmm -1,47 5,23 — 0,45 1,73SoprarnoRelat. ValueBY mmmmm -1,50 5,72 — 0,90 2,19SoprarnoRit. Ass A mmmmm -1,22 4,73 — 2,57 2,04SoprarnoRit. Ass. BY mmmmm -1,15 5,25 — 3,11 2,42Star Coll.Multi Ass.Gl# mmmmm -2,93 — — — —Symp. AsiaFles. mmmmm -6,42 18,31 — 5,62 2,89Symp. Fortissimo mmmmm -4,91 26,82 — 1,56 -1,78Symp. Patrim. Attivo mmmmm -1,88 12,42 — 1,97 1,91Symp. Tematico mmmmm -5,05 8,95 — 1,36 -1,00SynergiaTotal Return mmmmm -1,91 6,71 — 2,19 —TempiD'IN-PRESA mmmmm -0,71 9,23 — — —UBIPra. Active Beta mmmmm -0,54 0,94 — -0,90 —UBIPra. Alpha Equity mmmmm -0,59 1,47 — -1,68 —UBIPra. Tot. Ret. Din. mmmmm -0,71 1,29 — -1,42 -1,93UBIPra. Tot.Ret. Moderato A mmmmm -0,95 -1,05 — -1,35 1,06UBIPra. Tot.Ret. Moderato B mmmmm -0,92 -0,86 — -1,17 1,21Unicredit Eco Reale A# mmmmm -6,32 — — — —Unicredit Eco Reale B# mmmmm -6,34 — — — —UniCreditSol.Pa. Em. A mmmmm -5,40 -0,27 — — —UniCreditSol.Pa. Em. B mmmmm -5,43 -0,80 — — —UniCreditSoluzione 20A# mmmmm -2,18 3,80 — — —UniCreditSoluzione 20B# mmmmm -2,22 3,32 — — —UniCreditSoluzione 40A# mmmmm -2,68 6,46 — — —UniCreditSoluzione 40B# mmmmm -2,71 5,95 — — —UniCreditSoluzione 70A# mmmmm -3,87 8,92 — — —UniCreditSoluzione 70B# mmmmm -3,92 8,33 — — —Unicredit TrendA# mmmmm -5,87 — — — —Unicredit TrendB# mmmmm -5,89 — — — —VolterraAbsolute R mmmmm -1,86 17,67 — 0,52 1,67VolterraDinamico mmmmm -1,96 5,47 — 0,48 —VolterraModerato mmmmm -1,08 4,29 — — —ZenitMc Evoluzione Cl.I mmmmm -2,39 n.s. — n.s. n.s.ZenitMc Evoluzione Cl.R mmmmm -2,50 n.s. — n.s. n.s.ZenitMc ParsecCl.I mmmmm — — — — —ZenitMc ParsecCl.R mmmmm -3,55 n.s. — n.s. n.s.msci world -5,97 17,51 — 9,50 5,68

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 3,72 1,19 —FLE Ailis RendimentoMisto mmmmm 7,00 0,58 —

alkenfundAER EuropeanOpps R mmmmm 42,03 13,70 5,56AER SmallCap Europe R mmmmm 45,41 13,51 6,93

allianz global inv. selection fundsLEE EuroLiquidity mmmmm 1,14 1,28 1,50AER Europe mmmmm 23,12 6,82 0,95AAP Pacific mmmmm 16,28 4,77 2,53AMA USA mmmmm 14,82 10,29 7,05

anima assetmgmtAnimaPrima FundsAER Europe Eq.Prestige mmmmm 22,82 8,86 1,75OEU LifeShort Term Silver mmmmm 0,79 -0,18 -0,11LEE LiquidityA mmmmm 0,88 0,60 1,02LEE LiquiditySilver mmmmm 0,73 0,45 0,87OEU MediumTerm Bd Prest. mmmmm 6,98 3,33 4,64FLE SecureWorldEq.3Silver mmmmm 4,68 2,33 —OEU Short TermBd Prest. mmmmm 2,64 1,30 2,46FLE Star High Potent.Eur.Prest. mmmmm 11,80 5,29 0,22FLE Star MktNeutralEur.I mmmmm 0,69 2,50 —

aperta sicavOEU EuroCorporateBonds mmmmm 4,42 1,57 3,19LEE EuroReserve mmmmm 1,37 0,99 —OEU Italian Bonds mmmmm 10,28 1,79 2,85

az fund mgmt s.a.Cl. AZ Fund(ACC)FLE ActiveSelection mmmmm 7,37 -0,23 —OEU AggregateBond Euro mmmmm 6,91 3,01 3,24OIN AlphaManager Credit mmmmm 6,72 3,35 1,25AIN AlphaManager Equity mmmmm 11,82 1,89 -1,48AIN AlphaManager Thematic mmmmm 5,60 -0,07 -3,76AMA AmericanTrend mmmmm 15,32 7,18 2,85BIL AssetPlus mmmmm 4,12 0,95 1,48BIL AssetPower mmmmm 6,53 1,35 0,70BIL Conservative mmmmm 8,99 3,56 3,19BIL DividendPremium mmmmm 10,82 1,57 —AZE Em. Market Asia mmmmm 4,69 0,41 1,19AZE Em. Market Europe mmmmm 3,09 -6,41 -9,95AZE Em. Market Latin America mmmmm -5,24 -7,26 -5,18BIL EuropeanDynamic mmmmm 10,60 2,61 0,17AER EuropeanTrend mmmmm 18,74 0,00 -6,39FLE Formula1 -Absolute mmmmm 11,12 0,45 -1,49FLE Formula1 -Alpha Plus mmmmm 1,66 1,51 —FLE Formula1 -Conservative mmmmm 3,86 0,38 -1,00FLE FormulaMacro Dyn.Trad. mmmmm 6,31 1,75 —FLE FormulaTarget 2014 mmmmm 7,40 0,53 -1,88OEU Income mmmmm 10,26 2,99 3,66FLE Italian Trend mmmmm 35,88 -1,75 -8,27AIN LongTerm Value mmmmm 19,19 5,82 2,02AER Opportunities mmmmm 19,66 5,66 0,48AAP Pacific Trend mmmmm 8,07 1,94 0,76BIL QBond mmmmm 2,89 -0,17 0,22FLE QProtection mmmmm 4,03 1,23 0,72FLE QTrend mmmmm 6,17 -3,25 -1,94LEE ReserveShort Term mmmmm 2,55 1,21 1,18OMI Solidity mmmmm 8,53 2,46 2,47

FLE StrategicTrend mmmmm 16,02 6,11 2,81FLE Trend mmmmm 17,55 11,41 3,12OAM USIncome mmmmm -8,11 -3,16 3,47

banque degroofAAP AsiaPacific Perf CCap mmmmm 15,66 1,65 -1,81AAP AsiaPacific Perf DCap($) mmmmm 8,27 -1,17 1,81

baseinvest.s sicavOIN Bonds-Multicurrency Eur mmmmm 1,39 1,89 —OEU BondsValue mmmmm 16,50 5,70 7,27FLE FlexibleLow Risk Exp. mmmmm 7,87 2,87 —LEE Short TermEUR mmmmm 2,06 1,39 1,57

bgselection sicavAZE Africa&MiddleEast Eq mmmmm 8,69 -2,00 -3,98AEU Anima -Italy Equities mmmmm 22,62 -2,26 -9,11FLE ARC mmmmm 5,89 1,17 0,85FLE ARC10 mmmmm 7,11 2,36 1,34FLE BlackRock -GL MA mmmmm 4,64 0,79 —AAP China&India Eq mmmmm 1,72 -7,14 —AZE EasternEurope Eq mmmmm -1,75 -7,14 -10,58AER GlobalDynamic mmmmm 14,13 2,80 -0,52FLE GlobalRisk Managed mmmmm 9,79 2,46 —BIL HSBC-Em. Mkts Solution mmmmm -1,86 -3,07 —AAP Invesco-Asia Gl.Opps mmmmm 4,38 0,04 —AER Invesco-Europe Eq. mmmmm 18,24 3,33 -2,02FLE Kairos -Blend mmmmm 8,93 1,44 —AZE LatinAmerica Eq mmmmm -6,63 -8,59 -5,86LEE Liquidity mmmmm 0,96 1,05 1,23FLE MorganStanley- Act.All. mmmmm 6,10 2,40 —AMA MorganStanley-N.Am.Eq. mmmmm 9,95 4,59 0,37AIN PictetWorld Opportun. mmmmm 14,02 4,76 —FLE Swiss&GlobalFlex.Strat. mmmmm 5,42 1,42 —AIN T-Cube mmmmm 10,46 0,63 -2,62BIL Vontobel -Gl.Elite mmmmm 2,84 0,70 —AAP Vontobel Pacific Equities mmmmm 0,14 -3,99 -2,33

bnp paribas assetmgmtFondicomuni didiritto franceseFLE Europa AltoPotenziale2 mmmmm 0,17 0,32 —FLE Gar.Eur.3Sett-Gen2010 mmmmm 1,47 0,72 —FLE ImprenditoriVincenti2 mmmmm 0,94 0,14 —

bny mellon assetmgmtBNYMellon Global FundsAZE Em. MktsEq. ValueF. mmmmm -2,80 -4,57 1,39OEU EuroGovtBond IdxTrack mmmmm 7,54 3,91 5,28OEU EurolandBond mmmmm 10,27 5,38 8,54OIN GlobalBond mmmmm -7,38 1,66 7,47OIN GlobalBond A$ mmmmm -8,52 0,93 6,85OIN GlobalBond($) mmmmm -8,06 1,43 7,38

cb-accentlux sicavOEU BondEuro mmmmm 7,44 4,94 5,10OIN Crossinvest Bond mmmmm 6,93 4,13 —BIL Crossinvest Opportunity mmmmm -0,49 -1,49 —OIN Swan Bond Opport. mmmmm 2,47 2,63 —FLE Swan Flexible mmmmm 0,73 0,33 —

credit suisseCSInvest (Lux)FLE IndexBlink B mmmmm 11,27 7,34 1,52

datial 19.06.2013 rating perf.% rendim rendimcateg. fondi cfs lorda annuo annuo

1anno 3 anni 5anni


1anno 3 anni 5anni


sicav e fondi esteri autorizzati

OIN LondiniumGlobalBdsB mmmmm 2,21 2,10 —AIN LondiniumGlobalEq B mmmmm 20,80 2,54 0,40

dncaOCO DNCAConvertibles mmmmm 10,66 5,85 —SICAVDNCA InvestOCO DNCAConvertibles mmmmm 9,85 5,07 —FLE DNCAEurose mmmmm 10,91 4,72 5,28FLE DNCAMiura mmmmm 6,53 2,35 —

edmond de rothschild fundOCO Europ.Convert. BdsA C mmmmm 16,01 4,69 5,00

erselgestion inter.eOCO GloberselBCMConvertible mmmmm 13,60 5,99 0,56OEU GloberselCorp. Bond mmmmm 8,81 4,27 2,97AIN GloberselEquity A mmmmm 12,58 9,78 3,09AZE LeaderselEm. Market Mult. mmmmm 8,39 0,74 0,02OEU LeaderselGlobalAsset mmmmm 1,25 1,27 1,36

eurizoncapital s.a.EpsilonFundOEU EuroBond mmmmm 10,53 5,97 7,89LEE EuroCash mmmmm 2,06 1,63 —EurizonFocus Formula FundFLE FormulaAzioni 2015-1 mmmmm 8,94 — —FLE FormulaAzioni 2015-2 mmmmm 11,87 — —EurizonFocus Riserva DocOIN Obbligaz.Corp.12/2013 mmmmm 3,96 2,57 —OIN Obbligaz.Corp.12/2014 mmmmm 5,19 3,02 —EurizonManager SelectionFundOMI MS10 mmmmm 7,81 3,77 4,96BIL MS20 mmmmm 8,48 4,03 4,74BIL MS40 mmmmm 10,47 3,93 3,38BIL MS70 mmmmm 14,04 5,94 3,71EurizonMultiasset FundBIL Dynamic mmmmm 9,08 1,73 0,73LEE EuroCash mmmmm 1,54 0,97 1,25OMI Trender mmmmm 5,05 1,28 1,16RossiniLux FundOEU Obbligaz.TV mmmmm 10,61 1,87 1,78

eurizoneasyfundActiveMarketOEM BondEmerging Mkts mmmmm -2,91 3,17 8,91OEM BondEmerging Mkts mmmmm -2,04 4,24 10,09OIN BondHigh Yield mmmmm 16,73 8,88 10,71OIN BondHigh Yield mmmmm 17,98 10,08 11,93OEU BondInflation Linked mmmmm 6,19 2,02 2,66OEU BondCorpEur ST mmmmm 6,07 4,27 1,26OEU BondCorp.EurST mmmmm 5,23 3,43 0,18AER EquitySmall Cap Europe mmmmm 21,10 6,32 1,33AER EquitySmall Cap Europe mmmmm 22,34 7,79 2,82ActiveMarket cop.rischio cambioOEM BondEmerging Mkts mmmmm 3,67 7,45 7,57OEM BondEmerging Mkts mmmmm 2,76 6,36 6,44ActiveStrategyFLE AbsoluteAttivo mmmmm 5,57 1,63 1,16FLE AbsolutePrudente mmmmm 5,21 1,80 1,63Limited TrackingErrorOEU BondEUR Float.Rate LTE mmmmm 10,71 1,69 —OEU BondEUR Long T. LTE mmmmm 10,59 4,44 6,34OEU BondEUR Long T. LTE mmmmm 11,65 5,48 7,39

OEU BondEUR Medium T. LTE mmmmm 5,57 2,12 4,13OEU BondEUR Medium T. LTE mmmmm 6,66 3,18 5,20OEU BondEUR Short T. LTE mmmmm 3,31 0,73 2,35OEU BondEUR Short Term LTE mmmmm 4,29 1,69 3,31OIN BondInternational LTE mmmmm -9,15 -0,13 5,44OIN BondInternational LTE mmmmm -8,38 0,79 —OAP BondJPY LTE mmmmm -21,06 -2,70 7,68OAM BondUSD LTE mmmmm -7,19 0,46 8,17LEE CashEUR mmmmm 1,44 0,93 1,15LEE CashEUR mmmmm 2,20 1,69 1,90AAP EquityChina LTE mmmmm -1,11 -4,46 0,96AZE EquityEm. Mkts AsiaLTE mmmmm 1,81 1,08 3,17AZE EquityEm. Mkts AsiaLTE mmmmm 0,41 -0,37 1,66AZE EquityEm. Mkts EMEA LTE mmmmm -7,86 -3,13 -3,93AZE EquityEm. Mkts EMEA LTE mmmmm -6,57 -1,72 -2,48AZE EquityEm. Mkts LTE mmmmm -3,22 -1,99 —AZE EquityEm. Mkts LTE mmmmm -4,45 -3,35 —AEU EquityEuro LTE mmmmm 26,81 3,27 -3,63AEU EquityEuro LTE mmmmm 28,70 4,85 -2,16AER EquityEurope LTE mmmmm 21,69 7,62 1,46AER EquityEurope LTE mmmmm 19,90 5,99 -0,05AZF EquityFinancial LTE mmmmm 29,48 6,33 0,11AEU EquityItaly LTE mmmmm 30,70 -1,21 -7,48AAP EquityJapan LTE mmmmm 21,13 4,45 1,32AAP EquityJapan LTE mmmmm 19,47 2,96 -0,14AZE EquityLatinAmerica LTE mmmmm -10,51 -7,19 -3,60AMA EquityN.America LTE mmmmm 13,74 8,70 5,66AMA EquityN.America LTE mmmmm 15,43 10,33 7,23AAP EquityOceania LTE mmmmm 11,14 6,25 5,58AAP EquityOceania LTE mmmmm 9,62 4,73 4,07LAM TreasuryUSD mmmmm -6,57 -3,57 2,60LAM TreasuryUSD mmmmm -5,87 -2,84 3,36Linea LTE cop. rischio cambioOER BondGBP mmmmm -1,51 5,71 6,93OAP BondJPY mmmmm 0,79 1,71 2,91OAM BondUSD mmmmm -1,32 3,48 5,13AER EquityEurope mmmmm 24,02 6,56 0,73AAP EquityJapan mmmmm 49,50 6,81 -5,80AMA EquityNorth America mmmmm 22,05 12,89 2,87

eurizoninvest. sicavAER Europe Equities mmmmm 20,61 6,14 —FLE Scudo mmmmm 4,93 2,51 —

euromobiliare inter. fund sicavEurofundluxOIN AltoRendimento 2014A mmmmm 4,31 4,27 2,52OIN AltoRendimento 2015A mmmmm 3,81 4,43 —FLE DynamicMultimanager B mmmmm 15,96 5,27 1,88LEE EuroCash A mmmmm 1,43 0,97 1,37LEE EuroCash B mmmmm 1,74 1,30 1,69AEU EuroEquity D mmmmm 32,40 -0,08 -6,18AAP Pacific Eq.A mmmmm 3,96 2,77 3,72OEU QBondAbsolutereturn A mmmmm 2,94 1,33 2,97OEU QBondAbsolutereturn B mmmmm 3,03 1,49 3,22BIL QFund97A mmmmm 2,36 0,39 —FLE TRFlex5 A mmmmm 5,27 6,75 3,37FLE TRFlex5 B mmmmm 5,90 7,41 4,00

fideuramgestions s.a. lussemburgoOEM BondGlb EmMkts mmmmm 2,92 6,69 5,61OAM BondUSD mmmmm -4,70 0,14 7,98AMP Commodities mmmmm 0,60 1,44 —


1anno 3 anni 5anni


1anno 3 anni 5anni



AZE EqGlb EmMkts Eur mmmmm 0,18 -0,51 0,84AAP EqPac. exJap. A mmmmm 8,53 1,96 2,11AMA EqUSA Advant mmmmm 7,31 5,64 3,56AMA EqUSA Value mmmmm 19,39 8,24 3,88AER EquityEurope mmmmm 20,80 4,91 -0,92AEU EquityItaly mmmmm 37,05 2,54 -3,60AAP EquityJapan A mmmmm 18,16 0,99 -0,73AAP EquityJapan H mmmmm 51,51 6,65 -5,61AMA EquityUSA A mmmmm 14,15 7,99 4,67AMA EquityUSA H mmmmm 20,67 11,35 1,41OEU EuroBd LongRisk mmmmm 10,01 4,60 6,26OEU EuroBd LowRisk mmmmm 4,46 2,38 4,43OEU EuroBd Med Risk mmmmm 7,43 4,05 5,65OEU EuroCorp. Bd mmmmm 6,07 3,64 4,56OEU EuroDefensive Bd mmmmm 2,33 1,18 2,65OEU EuroShort Term mmmmm 1,14 0,98 1,33AIN MarshallWaceTops mmmmm 5,71 3,18 —

generali fund mgmt s.a.FLE VoBaFlex mmmmm 14,53 1,64 —OMI VoBaMoney Plus mmmmm 2,47 1,32 —

generali invest.s sicavOEU EuroBonds mmmmm 7,46 3,98 5,56OEU EuroCorporateBonds mmmmm 7,99 4,83 5,95LEE EuroShort Term Bonds mmmmm 2,95 1,53 1,84FLE Garant1 mmmmm 6,05 2,88 3,44FLE Garant2 mmmmm 2,77 1,08 2,58FLE Garant3 mmmmm 2,15 0,75 —FLE Garant4 mmmmm 3,73 0,94 —

gestielleinv. sicavOEU BondEuro (R) mmmmm 6,85 2,04 3,52

hsbcOEU EuroGvt Bd C mmmmm 8,20 4,10 6,04

hsbc global inv. fundsAAP AsiaexJapan Eq. ($) mmmmm -0,02 -1,36 2,00AAP AsiaPac exJapEqH.Dv($) mmmmm 6,85 4,29 6,47AZE BrazilEquity mmmmm -7,95 -8,36 -6,47AZE BrazilEquity($) mmmmm -7,49 -7,90 -6,00AZE BRIC Equity($) mmmmm -6,76 -8,15 -4,93AZE BRIC MktsEq($) mmmmm -3,20 -6,06 -3,90AZE BRIC MktsEq($) mmmmm -3,69 -6,53 -4,38OEU EuroBond mmmmm 8,09 5,36 7,12OEU EuroCredit Bond mmmmm 10,28 6,89 6,98LEE EuroReserve mmmmm 0,00 0,24 0,65AEU EurolandEquity mmmmm 35,42 3,68 -1,51AEU EurolandGrowth mmmmm 25,36 4,65 -1,41OEU Europ High Yield Bd mmmmm 17,62 11,64 10,09FLE Glb Currency($) mmmmm -7,97 -4,83 —OEM Glb EmMkts Bond ($) mmmmm -1,74 5,42 12,32OEM Global EmergingMkts Bonds mmmmm -2,29 4,89 11,84AZE KoreanEquity($) mmmmm -3,70 -0,04 -0,87AZE Russia Equity($) mmmmm -8,86 -6,94 -9,24AZE TurkeyEq mmmmm 29,95 6,23 —AER UKEquity (Gbp) mmmmm 18,18 10,80 2,61

hsbc multi index fundsAMA USEquity BHed mmmmm 22,09 13,72 2,41

julius baer, zurigo

JB MultibondOIN AbsoluteReturn Bd B mmmmm 2,86 1,99 3,01OIN AbsoluteReturn Bd B(Chf) mmmmm 0,34 5,51 7,73OIN AbsoluteReturn Bd Def B mmmmm 1,59 1,54 —OIN AbsoluteReturn Bd Plus B mmmmm 2,59 3,18 4,31OIN Cred Opportunities B mmmmm 7,47 6,57 —OAM DollarBond B($) mmmmm -6,79 0,49 6,44OEM EmergingBd EUROB mmmmm 5,24 7,67 6,88OEM EmergingBd USD B($) mmmmm -1,95 4,43 11,21OEU EuroBond B mmmmm 6,74 5,34 —OEU EuroGov.Bd B mmmmm 7,70 3,52 4,76OIN GlobalH.Y. Bond B mmmmm 14,04 8,81 6,13OEU InflationLinked Bd B mmmmm 1,86 1,79 —OEM LocalEmerg.Bd B($) mmmmm -0,62 2,51 7,90OER SwissFranc Bond B(Chf) mmmmm -1,01 6,24 7,65OEU TotalReturn Bond B mmmmm 3,99 4,09 4,52JB MulticashLAM JBMMDollar-USD B mmmmm -6,54 -2,98 3,18LEE JBMMEuro-EUR B mmmmm -0,20 0,21 0,61LEE JBMMSterling-GBP B mmmmm -5,60 -0,44 -0,53LEE JBMMSwiss Franc-CHF B mmmmm -2,19 4,28 5,49JB MulticooperationAMP CommodityB mmmmm 0,04 2,93 -11,58AMP Commodity-USD/B($) mmmmm -6,10 0,43 -7,31BIL StrategyBalanced B mmmmm 7,38 5,83 3,73BIL StrategyBalanced B(Chf) mmmmm 5,43 7,38 6,23BIL StrategyIncomeB mmmmm 5,10 4,76 4,44BIL StrategyIncomeB($) mmmmm -0,74 2,08 5,84BIL StrategyIncomeB(Chf) mmmmm 2,46 6,36 6,65JB MultistockAAP AsiaStockB($) mmmmm -3,85 -1,95 0,13AER Eur.Selection FdB mmmmm 20,77 3,24 0,54AER Eur.Small& Mid Cap B mmmmm 33,22 11,92 4,65AER Europe St. B mmmmm 20,29 5,32 -1,23AEU German ValueSt. B mmmmm 29,81 11,10 3,57AIN GlobalEq IncomeB mmmmm 12,43 3,31 -0,40AAP JapanStockB(Jpy) mmmmm 18,68 5,99 6,16AIN JBEFSpecial Val. EUR mmmmm 16,18 6,95 6,20ACG LuxuryBrands (EUR)B mmmmm 18,31 16,61 14,36AER SwissSmall&Mid CapB(Chf) mmmmm 19,20 7,87 4,52AER SwissSt. B(Chf) mmmmm 25,55 9,79 6,82AMA USLeading St. B($) mmmmm 5,00 10,14 6,48

kairosinter. sicavAMA KIS -America P mmmmm 19,78 9,91 —AAP KIS -AsiaP mmmmm 14,60 2,44 —OER KIS -Bond P mmmmm 8,39 3,70 —FLE KIS -DynamicP mmmmm 2,89 1,27 3,21AEU KIS -SmallCap P mmmmm 4,29 3,38 -0,20

lemanik sicavBIL Italy Cap Retail mmmmm 24,37 0,02 0,12

luxicav sicavAER AzionarioEuropa B mmmmm 28,10 -3,02 -6,25OIN ObbligazionarioB mmmmm 6,38 4,33 4,28

mediolanum inter. f.CH - Challenge Funds - Classi MediolanumACG Counter CyclEq L mmmmm 12,67 9,25 7,86ACG CyclicalEq L mmmmm 17,68 9,52 4,31AZE Emerg.MktsEq. L mmmmm -1,96 -1,75 -0,89AZE Emerg.MktsEq. S mmmmm -2,47 -2,26 -1,40


1anno 3 anni 5anni


1anno 3 anni 5anni



AEN Energy Eq.L mmmmm 3,42 2,04 -2,25OEU EuroBd L-A mmmmm 6,96 2,58 4,73OEU EuroBd S-B mmmmm 6,28 2,20 4,40OEU EuroIncomeL-A mmmmm 2,18 1,00 2,15AER EuropeanEq.L mmmmm 18,94 5,31 -1,63AER EuropeanEq.S mmmmm 18,30 4,76 -2,15AZF Financial Eq.L mmmmm 23,75 3,66 -2,28FLE FlexibleL-A mmmmm 4,98 -4,48 -2,92FLE FlexibleS-A mmmmm 4,55 -4,87 -3,32AEU GermanyEq. L mmmmm 24,53 6,37 0,88OIN InternBd L-A mmmmm -15,04 -1,65 —OIN InternBd L-ACop mmmmm -3,23 1,89 3,63OIN InternBd L-B mmmmm -15,32 -1,78 —OIN InternIncL-A mmmmm -13,27 -4,32 —OIN InternIncL-B mmmmm -13,29 -4,35 —AIN InternationalEq L mmmmm 13,24 6,41 1,20AIN InternationalEq S mmmmm 12,76 5,96 0,77AEU Italian Eq.L mmmmm 32,00 0,47 -5,39LAM Liquid.US$ S mmmmm -6,99 -3,90 2,72LEE LiquidityEuroL mmmmm 0,42 0,65 0,97LEE LiquidityEuroS mmmmm 0,29 0,52 0,83AMA NorthAmer. Eq. L mmmmm 12,68 9,68 4,67AAP Pacific Eq Lcop mmmmm 29,26 4,49 —AAP Pacific Eq.L mmmmm 12,49 3,46 -0,35OIN Solidity& ReturnS-A mmmmm 6,57 2,11 2,17AEU SpainEq. L-A mmmmm 30,54 1,97 -3,31ATE TechnologyEq. L mmmmm 6,90 5,51 4,09MediolanumBest BrandsAIN BlackRockGlb L mmmmm 11,60 3,32 1,19AIN BlackRockGlb L cop mmmmm 15,95 4,59 -0,71AIN BlackRockGlb S mmmmm 11,12 2,90 0,78AIN BlackRockGlb S cop mmmmm 15,62 4,21 -1,12AIN DWSMegaTrend Sel L mmmmm 8,96 1,48 —AIN DWSMegaTrend Sel Lcop mmmmm 11,76 2,34 —AIN DWSMegaTrend Sel S mmmmm 8,53 1,07 —AIN DWSMegaTrend Sel Scop mmmmm 11,31 1,90 —AZE EmMkts Coll L mmmmm 2,01 0,76 -0,10AZE Em. MktsColl S mmmmm 1,50 0,25 -0,60AIN Eq.Power Coup. Coll L mmmmm 11,16 5,64 0,92AIN Eq.Power Coup. Coll S mmmmm 10,71 5,21 0,51OEU EuroFixedIncomeL B mmmmm 1,24 0,66 1,43AER EuropeanColl L mmmmm 18,82 8,00 0,50AER EuropeanColl Lcop mmmmm 19,97 7,46 0,02FLE F.TempletonEMSel L mmmmm 2,96 0,17 —FLE F.TempletonEMSel S mmmmm 2,55 -0,23 —OIN Glb High Yield cop LA mmmmm 6,82 6,82 6,23OIN Glb High Yield cop SA mmmmm 6,47 6,47 5,87OIN Glb High Yield cop SB mmmmm 5,27 6,03 5,69OIN Glb High Yield LA mmmmm 1,06 3,83 8,97OIN Glb High Yield LB mmmmm 0,10 3,51 8,76OIN Glb High Yield SA mmmmm 0,77 3,53 8,64OIN Glb High Yield SB mmmmm -0,20 3,37 8,55ATE Glb Tech Coll L mmmmm 1,73 3,79 4,04AIN JPMorganGlb L mmmmm 12,85 4,29 1,30AIN JPMorganGlb Lcop mmmmm 17,37 5,60 -0,50AIN JPMorganGlb S mmmmm 12,39 3,86 0,89AIN MStanleyGlb L mmmmm 12,47 7,05 3,51AIN MStanleyGlb Lcop mmmmm 14,99 7,70 1,66AIN MStanleyGlb S mmmmm 12,02 6,61 3,09AIN MStanleyGlb Scop mmmmm 14,48 7,22 1,23AAP Pacific Coll L mmmmm 9,26 1,15 -0,27FLE PimcoInflat StratSel L mmmmm 2,71 3,03 —FLE PimcoInflat StratSel S mmmmm 2,38 2,72 —

FLE PremiumCoup.Coll Scop mmmmm 4,74 2,25 —AMA USCollection L mmmmm 10,74 6,36 3,42PortfolioFund - Classi MediolanumAIN Active100 S mmmmm 10,07 4,61 0,84BIL Active40 S mmmmm 1,10 1,88 1,61BIL Active80 S mmmmm 5,11 3,45 0,29AIN AggressivePlus S mmmmm 10,76 4,79 0,68LEE LiquiditySA mmmmm 0,47 0,69 1,12

mfsmeridian funds sicavAAP Asiaex-Japan A1($) mmmmm 2,60 3,54 4,82OEM Emerg.MktsDebt A1($) mmmmm -1,26 4,76 11,67OEM Emerg.Mkts Debt LoCurrA1($) mmmmm -1,65 0,99 —AZE Emerg.MktsEquity A1($) mmmmm -1,62 -0,13 -0,12AER Europ.Smaller Comp.A1 mmmmm 21,33 17,66 10,39AER EuropeanRes. A1 mmmmm 23,67 10,20 4,02AER EuropeanValueA1 mmmmm 19,74 11,16 6,80AIN GlobalConcentratedA1($) mmmmm 22,65 11,49 7,81AIN GlobalEquity A1 mmmmm 22,08 11,91 8,32AIN GlobalEquity A1($) mmmmm 21,02 11,52 8,22AIN GlobalResearchA1($) mmmmm 13,57 — —BIL GlobalTotal ReturnA1 mmmmm 9,13 7,15 7,76OAM High Yield A1($) mmmmm 3,50 6,52 9,45OIN Inflat-AdjustedBond A1($) mmmmm -10,38 1,05 6,88AZE LatinAmerican Equity A1($) mmmmm 0,95 -0,87 —OAM LimitedMaturity A1($) mmmmm -5,45 -1,69 5,22OAM ResearchBond A1($) mmmmm -4,91 1,14 8,34AMA USConc. Growth A1($) mmmmm 14,94 10,20 8,19OAM USGovernmentBd A1($) mmmmm -7,43 -0,92 7,49AMA ValueA1($) mmmmm 20,12 10,57 7,32

morganstanley invest. mgmt ltdAAP AsianEquity mmmmm 3,86 1,85 2,74AAP AsianEquity mmmmm 4,92 2,89 3,78ARE AsianProperty mmmmm 16,82 7,31 5,18FLE Diversified Alpha Plus mmmmm 15,42 5,97 4,69FLE Diversified Alpha Plus mmmmm 14,27 4,91 3,66OEM EmergingMktsDebt mmmmm 3,15 7,36 5,70OEM EmergingMktsDebt mmmmm -4,24 3,09 8,63OEM EmergingMktsDebt mmmmm -3,29 4,12 9,71OEM EmergingMktsDom. Debt mmmmm -2,92 1,10 8,24OEM EmergingMktsDom. Debt mmmmm -3,88 0,09 7,16AZE EmergingMktsEquity mmmmm 4,49 1,77 0,56AZE EmergingMktsEquity mmmmm 3,46 0,75 -0,42AZE EmEurop,M-East&Africa Eq mmmmm 7,45 0,23 -6,00AZE EmEurop,M-East&Africa Eq mmmmm 8,47 1,22 -5,12OEU EuroBond mmmmm 5,96 3,29 5,03OEU EuroBond mmmmm 7,06 4,34 6,09OEU EuroCorporateBond mmmmm 11,84 5,16 5,87OEU EuroCorporateBond mmmmm 12,94 6,22 6,93OEU EuroStrategicBond mmmmm 7,11 3,97 5,41OEU EuroStrategicBond mmmmm 8,18 5,02 6,46OER Europ.Curr.HighYield Bd mmmmm 18,33 10,49 9,74OER Europ.Curr.HighYield Bd mmmmm 17,18 9,40 8,65AER EuropeanEquityAlpha mmmmm 20,45 8,69 2,33AER EuropeanEquityAlpha mmmmm 21,65 9,79 3,37ARE EuropeanProperty mmmmm 22,84 11,02 0,46AEU Eurozone EquityAlpha mmmmm 31,93 7,55 —OIN GlobalBond mmmmm -4,65 1,56 7,93OIN GlobalBond mmmmm -5,57 0,56 6,86AIN GlobalBrands mmmmm 21,87 16,22 7,43AIN GlobalBrands mmmmm 13,53 12,26 10,92AIN GlobalBrands mmmmm 14,67 13,38 12,04


1anno 3 anni 5anni


1anno 3 anni 5anni



AIN GlobalBrands mmmmm 13,75 12,46 —AIN GlobalBrands mmmmm 20,66 15,07 —OCO GlobalConvertib.Bd mmmmm 12,02 5,23 —OCO GlobalConvertib.Bd mmmmm 13,16 6,29 —OCO GlobalConvertible Bond mmmmm 5,06 2,21 4,72OCO GlobalConvertible Bond mmmmm 6,13 3,25 5,77ARE GlobalProperty mmmmm 14,36 9,19 5,19AAP IndianEquity mmmmm 7,21 -7,01 1,02AAP IndianEquity mmmmm 8,27 -6,07 2,03AZE LatinAmerican Equity mmmmm 0,05 -4,10 -2,99AZE LatinAmerican Equity mmmmm 1,07 -3,10 -1,99OEU Short MaturityEuro Bond mmmmm 2,17 0,94 2,06OEU Short MaturityEuro Bond mmmmm 3,23 1,94 3,09AMA USAdvantage mmmmm 16,67 14,20 7,80AMA USAdvantage mmmmm 9,67 11,25 12,31AMA USAdvantage mmmmm 8,56 10,15 11,20AMA USAdvantage mmmmm 15,50 13,03 —AMA USAdvantage mmmmm 8,83 10,34 —AMA USGrowth mmmmm 10,83 8,08 5,82AMA USGrowth mmmmm 11,95 9,17 6,90AMA USGrowth mmmmm 18,93 11,84 2,17ARE USProperty mmmmm 2,26 8,08 6,97

nefAEU AzionarioEuro mmmmm 35,46 9,76 2,66AZE AzionarioEuropa Est mmmmm 0,15 -3,85 -10,80AIN AzionarioGlobale mmmmm 12,36 1,45 -1,94AZE AzionarioPaesi Emergenti mmmmm 2,35 7,95 6,27AMA AzionarioStati Uniti mmmmm 22,20 6,03 5,08OEU CedolaR mmmmm -4,12 0,11 -1,31OEU Obbligaz.Breve Termine mmmmm 3,15 1,80 3,13OEU Obbligaz.Euro mmmmm 5,91 2,75 5,35OEU Obbligaz.EuroCorporate mmmmm 4,95 3,89 5,97OIN Obbligaz.Globale mmmmm -1,91 0,10 5,54OEM Obbligaz.Paesi Emergenti mmmmm 1,36 5,06 6,36

neutral sicavOIN InflationLinked Bds R mmmmm -1,21 2,45 2,19

new millenniumsicavOEU Augustum CorporateBond mmmmm 12,30 4,49 6,76OEU Augustum CorporateBond mmmmm 12,84 5,08 —OEU Augustum High Qual.Bond mmmmm 7,68 2,93 4,57OEU Augustum High Qual.Bond mmmmm 8,05 3,30 —OEU EuroBondsShort Term mmmmm 3,65 1,07 —OER LargeEurope Corporate mmmmm 7,61 4,87 —

pegaso capital sicavFLE PegasoStrat. TrendRet mmmmm 0,23 — —

pharmawhealth manag. company s.a.AZH Pharma/wHealth($) mmmmm 19,51 9,21 10,85

pimco funds: global investor series plcAMP CommPLUSTMStrE($) mmmmm -4,64 -0,71 -5,42OIN DiversInc EDis($) mmmmm -1,51 4,52 11,36OIN DiversInc EEur hdgAcc E mmmmm 4,96 7,94 8,26OIN DiversInc Ehdg mmmmm 5,03 7,93 —OIN DiversInc E($) mmmmm -1,56 4,53 11,41OEM EmLocal Bd EAcc unh mmmmm -2,59 1,78 —OEM EmLocal Bd EAcc($) mmmmm -2,55 1,78 —OEM EmMkts Bd EAcc($) mmmmm -2,64 4,60 10,33OEM EmMkts Bd EEur hdgAcc mmmmm 3,83 7,94 6,77

OEM EmMkts Bd E($) mmmmm -2,68 4,59 10,30OEM EmMkts CorpBd E mmmmm 5,53 6,28 —OEM Em.Mkts.Cur.E Acc mmmmm -2,42 -0,34 —OEM Em.Mkts.Cur.E Accunh mmmmm -2,48 -0,36 —OEU EuriborPLUS EAcc mmmmm 1,61 0,99 1,61OEU EuroBond E mmmmm 8,46 5,54 5,54OEU EuroBond EAcc mmmmm 8,46 5,56 5,56OIN Glb Advantage Ehdg mmmmm 0,00 3,14 —OIN Glb Bd EAcc hdg mmmmm 5,11 6,08 6,78OIN Glb Bd EAcc($) mmmmm -1,58 2,55 9,55OIN Glb Bd Ex-US E($) mmmmm -0,26 2,49 9,71OIN Glb H.YBd E($) mmmmm 4,27 6,67 11,07OIN Glb H.Y. Bd EAcc($) mmmmm 4,21 6,65 11,07OIN Glb H.Y. Bd Ehdg Acc mmmmm 11,11 10,02 7,91OIN Glb InvGrCr.E Acc hdg mmmmm 5,49 6,72 7,60OIN Glb InvGrCr.E Acc($) mmmmm -1,22 3,22 —OIN Glb InvGrCr.E($) mmmmm -1,22 3,22 10,50FLE Glb Multi-AssetEAcc hdg mmmmm 1,50 3,46 —FLE Glb Multi-AssetEAcc($) mmmmm -4,72 0,70 —OIN Glb RealRetE Acchdg mmmmm -0,70 5,49 5,29OIN Glb RealRetE Acc($) mmmmm -6,94 2,02 8,15OIN Glb RealRetE Dis($) mmmmm -6,93 2,02 8,18OIN GlobalBond E($) mmmmm -1,50 2,55 9,60OAM H.Y. Bd EAcc hdg mmmmm 10,28 9,61 6,61OAM H.Y. Bd EAcc($) mmmmm 3,40 6,28 9,74OAM H.Y. Bd E($) mmmmm 3,38 6,27 9,67OAM LowAvg Durat.E Acc hdg mmmmm 0,78 1,67 —OAM LowAvg Durat.E Acc($) mmmmm -5,58 -1,58 5,88OAM LowAvg Durat.E($) mmmmm -5,53 -1,58 5,88OAM T.R. Bd EAcc hdg mmmmm 1,18 3,79 6,00OAM T.R. Bd EAcc($) mmmmm -5,19 0,41 8,92OAM T.R. Bd E($) mmmmm -5,22 0,40 8,90OIN UnconstrainedBd E mmmmm 1,55 2,65 —OIN UnconstrainedBd E($) mmmmm -4,82 -0,74 —

pioneer assetmgmt s.a.Pioneer FundsOIN AbsolutRet.Bond E mmmmm 3,15 0,64 —FLE AbsolutRet.M.Str. E mmmmm 5,29 0,78 —FLE AbsolutReturn Curr. E mmmmm 1,37 -0,01 0,62AAP Asia(ex Japan)Eq. E mmmmm 4,73 -1,70 0,18AAP China Eq.E mmmmm 4,88 — —AAP China Eq.F mmmmm 4,11 — —AER Core Europ.Eq. E mmmmm 20,38 8,53 3,71AZE Em. Eur.Med. Eq. E mmmmm 7,25 -2,28 -4,94AZE Em. Eur.Med. Eq. F mmmmm 6,45 -3,02 -5,65OEM Em. Mark.Bond LCE mmmmm -1,12 1,20 —OEM Em. Mark.Bond LCF mmmmm -1,72 0,60 —OEM Em. MktsB.E Hed. mmmmm 11,05 9,60 5,23OEM Em. MktsBond E mmmmm 4,14 6,33 8,93OEM Em. MktsBond F mmmmm 3,36 5,28 8,02AZE Em. MktsEq. E mmmmm -6,82 -5,22 -5,72AZE Em. MktsEq. F mmmmm -7,51 -5,93 -6,42OEU EuroAggr.Bond E mmmmm 8,46 5,35 7,21OEU EuroAggr.Bond F mmmmm 8,02 4,92 6,78OEU EuroBond E mmmmm 9,35 4,64 6,14OEU EuroBond F mmmmm 8,73 4,06 5,55OEU EuroCash Plus E mmmmm 2,84 2,37 3,17OEU EuroCorp. Short T.E mmmmm 5,43 2,76 2,81OEU EuroCorp. Short T.F mmmmm 5,06 2,40 2,45OEU EuroCorporateBond E mmmmm 10,56 6,18 6,50OEU EuroCorporateBond F mmmmm 9,15 5,19 5,34OEU EuroH. Y.E mmmmm 15,95 9,82 12,19


1anno 3 anni 5anni


1anno 3 anni 5anni



OEU EuroH. Y.F mmmmm 15,27 9,17 11,52LEE EuroShort T. E mmmmm 1,93 1,31 1,53LEE EuroShort T. F mmmmm 1,58 0,96 1,18OEU EuroStrategicBond E mmmmm 8,87 6,49 10,03OEU EuroStrategicBond F mmmmm 8,23 5,85 9,37AEU EurolandEquity E mmmmm 33,04 9,48 2,59AEU EurolandEquity F mmmmm 32,03 8,66 1,83AER EuropeanEq.Value E mmmmm 26,31 7,37 1,68AER EuropeanPotentialE mmmmm 28,64 13,42 3,15AER EuropeanPotentialF mmmmm 27,69 12,57 2,38AER EuropeanResearchE mmmmm 20,74 7,98 1,83AIN Glb Eq.Tar. IncomeE mmmmm 14,82 5,76 2,64OIN GlobalAggr.Bond E mmmmm -3,30 2,42 8,18AIN GlobalEcology E mmmmm 18,85 5,43 -0,83OIN GlobalHigh Yield E mmmmm 6,48 6,66 9,33BIL GlobalMulti Asset E mmmmm 5,23 — —AIN GlobalSelectE mmmmm 17,46 6,63 1,73AAP IndianEquity E mmmmm -0,89 -10,02 —AAP IndianEquity F mmmmm -1,62 -10,69 —AEU Italian EquityE mmmmm 28,57 -0,38 -7,53AAP JapaneseEq. E mmmmm 18,10 1,75 -0,31AZE LatinAm.Equity E mmmmm -10,40 -8,12 —AMA NorthAmerican Bas. Val. E mmmmm 16,12 8,14 5,45OEU Obbl. Euro09/2014 E mmmmm 3,18 0,67 —OEU Obbl. Euro10/2014 E mmmmm 3,80 1,01 —OEU Obbl. Euro11/2014 E mmmmm 4,00 1,46 —OEU Obbl. Euro12/2014 E mmmmm 4,40 1,58 —OIN StrategicIncomeE mmmmm 0,93 3,74 10,07OIN StrategicIncomeE Hed. mmmmm 7,74 7,00 6,56OIN StrategicIncomeF Hed. mmmmm 6,26 5,79 5,60AER TopEurop. Play. E mmmmm 23,92 10,11 3,91AER TopEurop. Play. F mmmmm 22,99 9,27 3,13OAM U.S.Dollar Aggregate Bd E mmmmm -2,70 2,29 9,37LAM U.S.Dollar Short T. E mmmmm -2,69 -0,50 4,98LAM U.S.Dollar Short T. F mmmmm -3,06 -0,85 4,61AMA U.S.Fundam. Growth E mmmmm 10,15 13,98 —AMA U.S.Pioneer FundE mmmmm 14,65 7,85 5,28AMA U.S.Pioneer FundE Hed. mmmmm 21,71 10,24 0,75AMA U.S.Pioneer FundF mmmmm 13,78 7,03 4,49AMA U.S.Res. Value E mmmmm 15,39 8,35 —AMA U.S.Research E mmmmm 12,28 10,40 7,62AMA U.S.Research EHed. mmmmm 19,22 12,92 2,65AMA U.S.Research F mmmmm 11,45 9,56 6,81OAM USCredit Rec.2014 EHed. mmmmm 2,00 2,55 —AMA UsMidCap ValueE mmmmm 13,81 6,53 5,22Pioneer PFBIL GlobalDefensive20 E mmmmm 8,40 3,86 3,98Pioneer SFOEU EuroCurve1-3y E mmmmm 3,33 1,58 3,09OEU EuroCurve1-3y F mmmmm 2,92 1,17 2,67OEU EuroCurve10+y E mmmmm 11,30 5,47 7,26OEU EuroCurve3-5y E mmmmm 5,81 2,92 5,09OEU EuroCurve3-5y F mmmmm 5,23 2,36 4,50OEU EuroCurve7-10y E mmmmm 10,57 4,35 6,43Pioneer SSFFLE Eurostoxx02/2015 E mmmmm 9,47 1,32 —FLE Eurostoxx11/2014 E mmmmm 10,40 1,69 —FLE Eurostoxx12/2014 E mmmmm 10,03 1,32 —OAM Obb.Amer02/2015 Ehdg mmmmm 1,38 2,33 —OAM Obbl.Amer 03/2015E hdg mmmmm 2,16 3,24 —OEU Obbl.Euro 05/2015E mmmmm 4,93 2,58 —

planetarium fund

AMA AmericanSelection($) mmmmm 9,65 2,56 —FLE AnthiliaGrey A mmmmm -1,31 0,67 —FLE AnthiliaRed A mmmmm 10,39 0,95 —OAM DollarBonds A($) mmmmm -2,93 0,04 7,17OEU Eurocurrencies BondsA mmmmm 5,16 3,03 4,26FLE Flex80 mmmmm 25,52 5,61 1,68FLE Flex90 mmmmm 15,73 5,95 4,55AER FundamentalEurop. Sel. A mmmmm 22,17 6,28 —

popso (suisse) invest. fund sicavOEU EuroBond mmmmm 4,07 2,82 4,10AER EuropeanEquity mmmmm 18,06 2,91 -1,52FLE Flex mmmmm 3,24 0,52 1,51OCO GlobalConvertible Bd mmmmm 13,01 6,21 3,67OEU Short MaturityEuro Bond mmmmm 2,43 1,57 1,96OER SwissFranc Bond (Chf) mmmmm 0,40 5,56 8,52OAM UsaDollar Bond ($) mmmmm -6,66 -2,37 5,30

rinascimentosicavAER Augustum GAMES mmmmm 25,12 7,98 5,00

robeco samAZH RobecoSAMHeal LivEUR/B mmmmm 23,95 8,00 8,65AMP RobecoSAMMaterial EUR/B mmmmm 7,48 7,87 0,31AUT RobecoSAMS.Water EUR/B mmmmm 16,47 4,87 1,77AEN RobecoSAMSmEnergyEUR/B mmmmm -4,51 -3,80 -5,43

roveresicavBIL Bilanciato Obblig.RC mmmmm 6,63 2,10 —OEU Obbl. B.TermineRC mmmmm 2,63 2,04 —OEU ObbligazionarioRC mmmmm 4,77 2,93 —

sarasin invest.fondssicavAZE SarEmerging-Gl($) mmmmm 1,02 1,16 1,14AIN SarEq-IIID EUR mmmmm 6,86 3,78 -0,61AIN SarEquiSar-Global-A mmmmm 17,30 6,95 2,78BIL SarGl Ret(EUR) mmmmm 8,97 4,91 4,10BIL SarGl Sar-Balanced(CHF) mmmmm 10,20 7,68 4,96BIL SarGl Sar-Balanced(EUR) mmmmm 12,38 5,34 1,98BIL SarGl Sar-Growth (EUR) mmmmm 16,10 — —AEN SarNewPower B mmmmm 3,87 -8,04 -15,33AIN SarOeko Eq-Gl A mmmmm 9,92 3,42 0,29AIN SarOeko Eq-Gl F mmmmm 10,63 4,09 —ARE SarRealE GlB mmmmm 12,23 9,81 3,27FLE SarStrucRet EUR mmmmm -0,57 3,09 5,32OER SarSust Bd-CHF mmmmm -1,41 5,98 8,76OEU SarSust Bd-EUR mmmmm 2,68 2,80 4,90OIN SarSust Bd-EurCorp. mmmmm 4,66 — —AER SarSust Eq-EuA mmmmm 20,49 7,06 0,52AIN SarSust Eq-Gl mmmmm 11,16 7,39 1,25AZE SarSust Eq-Gl EmMkts B mmmmm 1,38 -2,12 —ARE SarSust Eq-Real EGl mmmmm 9,57 7,39 5,92BIL SarSust Por-Balanced (EUR) mmmmm 8,00 — —AUT SarSust Water A mmmmm 21,94 8,82 6,34

sarasin multi label sicavsemburgoFLE RM Strategic(EUR) mmmmm 13,23 5,87 0,97

symphonia lux sicavFLE SymphoniaAltoValore mmmmm 14,23 -0,08 —AIN SymphoniaBestvalue mmmmm 24,97 8,62 —

ubipramerica


1anno 3 anni 5anni


1anno 3 anni 5anni



UBI SicavAAP AsiaPacific Eq.-R mmmmm 12,20 4,60 —AZE EmergingMktsEq.-R mmmmm -1,06 -0,18 —OEU EuroCorp. Bond-R mmmmm 8,91 4,72 —OEU EuroFixedInc.-R mmmmm 7,29 2,67 4,45OIN High Yield Bond-R mmmmm 9,34 9,22 —OEU Short TermEUR R mmmmm 3,09 0,40 —

unipol fondiLEE Liquidità mmmmm 1,78 1,26 1,40AEU PerformanceEuro mmmmm 23,91 2,73 -3,55

vontobel invest. fundsOIN AbsRet Bd mmmmm -0,83 0,14 2,38OIN Abs. Return Bd (Chf) mmmmm -3,60 3,71 6,80AMP BelvistaComm. ($) mmmmm -8,20 -2,58 -7,68AAP China StarsEq ($) mmmmm 1,09 -0,71 3,55BIL Def BalPf mmmmm 1,09 1,06 1,07OEM EasternEuropean Bd mmmmm 4,37 2,20 4,05AZE EmergingMktsEq mmmmm 8,95 10,89 4,01AZE EmergingMktsEq ($) mmmmm 1,89 7,59 7,53AZE EmergingMktsEq ($) mmmmm 2,50 8,24 8,17OEU EURCorp Bd Mid Yield mmmmm 11,27 6,67 4,94OEU EuroBd mmmmm 8,98 3,89 5,56LEE EuroMoney mmmmm 0,55 1,29 1,82AER Europ.Value Eq mmmmm 18,49 13,07 4,73AAP FarEastEq ($) mmmmm 8,16 6,05 6,31

AEN FutureResources mmmmm 11,97 6,02 —OCO GlbConvertBd mmmmm 12,31 4,71 —AIN GlbValEqEx-US ($) mmmmm 10,67 7,46 3,56AIN GlbValueEq mmmmm 19,20 14,31 2,58AIN GlbValueEq($) mmmmm 12,42 11,47 7,33AEN NewPower mmmmm 14,60 0,97 -8,19OER SwissFranc Bd (Chf) mmmmm -0,88 6,76 10,26AER SwissMid&SmCapEq (Chf) mmmmm 21,58 6,82 2,63LEE SwissMoney (Chf) mmmmm -1,37 4,68 6,78OAM USDollar Bd ($) mmmmm -6,57 -0,02 7,46LAM USDollar Money($) mmmmm -5,98 -2,85 3,78AMA USValueEq mmmmm 21,77 17,14 6,63AMA USValueEq ($) mmmmm 14,66 13,94 10,61

willerfundsmanag. comp.WillerbondOER Europ.Currencies mmmmm 1,23 1,57 3,22WillerequityAAP Japan(Jpy) mmmmm 17,30 5,17 0,38AMA NorthAmerica($) mmmmm 16,09 7,81 4,42AAP SouthEastAsia($) mmmmm 6,15 5,03 5,69

zest asset mgmt sicavOEU ActiveBond mmmmm 3,73 2,59 —FLE GlobalStrategyR mmmmm -0,18 3,59 5,39FLE LowVolatility mmmmm 6,38 2,86 —


1anno 3 anni 5anni


1anno 3 anni 5anni


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

1 AIMSAsset ManagementSdb BhdVGG0411N1050(VGB) 25,19 20,84 23,66

2 EquinoxFund Management (Guernsey) LimitedGB00B00CNV73(GGY) -3,17 -1,70 23,27

3 PYN Rahastoyhtio OyFI0008803812(FIN) 27,60 24,42 22,66

4 Aberdeen Asset ManagersLimitedGB0000100767(GBR) 32,33 28,50 22,65

5 SemperConstantia Invest GmbHAT0000831425(AUT) 2,93 17,01 21,48

6 Standard Life Investments LimitedGB0002959582(GBR) 26,51 18,19 21,31

7 MonedaS.A.BMG6199T1071(BMU) 8,38 16,31 21,21

8 First StateInvestments (Hong Kong) LtdIE0008369930(IRL) 4,25 12,26 21,20

9 DNBAsset Management ASNO0008001187(NOR) 7,40 -4,68 20,98

10 Prosperity CapitalManagement LimitedKYG7273W1078(CYM) 2,46 7,43 20,98


12 Allan GrayInternational (Proprietary) LimitedBMG0177P1041(BMU) 10,16 15,16 20,75


14 First StateInvestment Management(UK) LimitedGB0007836132(GBR) 24,96 23,63 20,24

15 Skagen ASNO0010140502(NOR) 2,23 5,02 20,16

16 LansforsakringarFondforvaltning ABSE0000837338(SWE) 19,79 14,28 20,07

17 SydinvestInvesteringsforeningenDK0010169465(DNK) -2,01 1,90 20,06

18 PTCiptadana Asset ManagementBMG4762X1002(BMU) 7,05 11,32 19,84

19 DanskeInvest InvesteringsforeningenDK0010257831(DNK) 2,32 5,87 19,66

20 DNBAsset Management ASNO0010337678(NOR) 10,40 13,43 19,38

21 Investeringsforeningen Sydinvest InternationalASDK0016259260(DNK) -1,70 1,17 18,86

22 Fondsfinans Kapitalforvaltning ASANO0010165764(NOR) 8,89 5,04 18,49

23 HandelsbankenFonder ABSE0000356107(SWE) 0,52 2,37 18,26

24 JFIndia Management LimitedMU0129U00005(MUS) -4,53 3,65 18,14

25 SemperConstantia Invest GmbHAT0000989090 (AUT) 1,94 15,09 18,08

26 OpportunityAsset Management LtdKYG676194551(CYM) -13,85 -0,25 18,05

27 InvescoFund Managers LtdGB0033027706 (GBR) -1,39 0,81 18,05

28 F&CInvestmentBusiness LimitedGB0030738271(GBR) 19,57 1,15 17,73

29 Moneta Asset Management SASFR0000994980 (FRA) 13,90 10,56 17,60

30 DanskeCapital AS(Norway)NO0010047228(NOR) 12,86 6,53 17,59

31 BIManagement ASDK0010174622(DNK) -2,72 0,53 17,53


33 Alfred Berg Kapitalforvaltning ASNO0010105489(NOR) 9,13 -0,52 17,50

34 DanskeInvest Investeringsforeningen

DK0015710602(DNK) 5,27 10,52 17,2435 DNBAsset Management AS

NO0010337819(NOR) -1,91 -3,27 17,2036 JPMorgan Asset Management(UK) Limited

GB0003450359(GBR) -5,77 -0,76 17,1737 DanskeCapital AS(Norway)

NO0008000460(NOR) 12,79 7,25 17,1238 BlackRock InvestmentManagement (UK) Limited

GB0005058408(GBR) -7,38 -4,08 17,1039 StorebrandFondene AS

NO0010039688(NOR) 6,90 1,92 17,0240 DanskeInvest Select Investeringsforeningen A/S

DK0016057474(DNK) 5,53 10,21 16,9941 ODINForvaltning AS

NO0010062953(NOR) 16,79 10,67 16,9442 Birla SunLife Asset Management Co (Mauritius) Ltd

MU0196S00230(MUS) -8,59 1,41 16,8243 NordeaRahastoyhtio Suomi Oy

FI0008800438(FIN) 13,12 9,10 16,8244 First StateInvestments (Hong Kong) Ltd

IE0031814852 (IRL) 6,49 8,66 16,6445 Alfred Berg Kapitalforvaltning AS

NO0010089519(NOR) 12,22 1,63 16,6346 DNBAsset Management AS

NO0008000007(NOR) 11,04 3,10 16,6347 OpportunityAsset Management Ltd

KYG676194890(CYM) -23,75 -14,72 16,5948 JPMorgan Asset Management(UK) Limited

GB0003418950(GBR) 2,99 3,09 16,5549 Jupiter Asset ManagementLtd

GB0000197722(GBR) 24,30 12,73 16,5450 Prosperity CapitalManagement Limited

KYG7724U1067(CYM) 2,65 2,85 16,5251 HgCapital Trust PLC

GB0003921052(GBR) 12,52 5,84 16,5252 Swedbank Robur Fonder AB

SE0000602302(SWE) 16,32 10,83 16,4953 CarlsonFonder AB

SE0000432809(SWE) 15,42 12,62 16,4854 DNBAsset Management AS

NO0010337694(NOR) 10,77 2,92 16,4355 F&CManagementLimited

GB0000175058(GBR) 21,07 14,52 16,4256 StorebrandFondene AS

NO0010044621(NOR) 9,13 0,31 16,3757 Fondita Rahastoyhtio Oy

FI0008802871(FIN) 12,77 8,47 16,3358 First StateInvestments (Hong Kong) Ltd

IE0031814969(IRL) 18,47 17,39 16,3359 ParetoForvaltning AS

NO0010110968(NOR) 8,84 2,96 16,3060 Schroder InvestmentManagement Ltd

GB0006108418(GBR) 24,12 13,85 16,2261 DanskeCapital AS(Norway)

NO0008000577(NOR) 11,85 6,16 16,1862 LanneboFonder AB

SE0000740698(SWE) 13,35 11,81 16,1563 Alfred Berg Kapitalforvaltning AS

NO0010089402(NOR) 11,69 1,28 16,0964 LansforsakringarFondforvaltning AB

SE0000837239(SWE) 9,45 7,07 16,0065 StorebrandFondene AS

NO0008000940(NOR) 10,51 1,02 15,9866 DNBAsset Management AS

NO0010337686(NOR) 10,13 2,12 15,9667 StorebrandFondene AS

NO0008000841(NOR) 11,80 10,07 15,96

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



la top 100 dei fondi esteri


69 JyskeInvest InvesteringsforeningenDK0010251552(DNK) -4,27 -1,31 15,91

70 JyskeInvest International InvesteringsforeningDK0016261241(DNK) -4,52 -1,97 15,91

71 HandelsbankenFonder ABSE0000356065(SWE) 17,11 11,92 15,90

72 BlackRock InvestmentManagement (UK) LimitedGB0006436108(GBR) 24,65 12,54 15,90

73 NordeaFondene Norge ASNO0010325731(NOR) 14,41 5,99 15,86

74 StorebrandFondene ASNO0010080815(NOR) 8,85 0,16 15,83

75 Franklin Templeton Investment ManagementGB0008829292 (GBR) 0,41 4,64 15,82

76 CarlsonFonder ABSE0000432775(SWE) 15,41 10,79 15,76

77 StateStreet Global Advisors France SAFR0000027112(FRA) -5,26 -3,07 15,68

78 Threadneedle InvestmentServices LimitedGB0001531424(GBR) 17,13 9,34 15,67

79 Fondsfinans Kapitalforvaltning ASANO0010047186(NOR) 7,41 2,95 15,65

80 SEBInvest InvesteringsforeningenDK0010260629(DNK) 9,17 4,45 15,63


82 Skandia FonderABSE0000810814(SWE) 15,44 10,78 15,58

83 FrostrowCapital LLPGB0000385517(GBR) 29,06 26,67 15,57

84 Threadneedle InvestmentServices LimitedGB0001531754(GBR) -5,05 -1,72 15,56

85 MarlboroughFund Managers LtdGB00B659XQ05(GBR) 19,71 10,82 15,56

86 ScottishWidows Unit Trust ManagersLimitedGB0031904146(GBR) -6,69 -2,80 15,49

87 BlackRock Asset ManagementDeutschland AGDE000A0H08E0(DEU) 16,64 8,98 15,49

88 KLP Kapitalforvaltning ASNO0010272388(NOR) 7,26 1,00 15,39

89 Carnegie Kapitalforvaltning ASNO0008001476(NOR) 10,35 0,36 15,39

90 Fondsforvaltning ASNO0010606080 (NOR) 12,07 4,32 15,38


92 ValuePartners LimitedKYG9317Q1047(CYM) -2,47 9,66 15,36

93 HolbergFondsforvaltning ASNO0010073224(NOR) -1,73 -2,54 15,34

94 HandelsbankenFonder ABSE0000522724 (SWE) 9,78 5,54 15,31

95 Lloyd George Investment Management(Bermuda) LtdMU0130S00007(MUS) -9,84 0,57 15,28

96 NordeaFondene Norge ASNO0010325715 (NOR) 10,41 2,44 15,27

97 UBSFund Management (Switzerland) AGCH0011764310(CHE) 11,16 9,28 15,24

98 Swedbank Robur Fonder ABSE0000537706(SWE) 10,26 6,72 15,22

99 Atlas Kapitalforvaltning ASNO0010241508(NOR) 9,00 1,14 15,22

100 ValuePartners LimitedKYG931731056(CYM) 7,87 13,99 15,21

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

ALLIANZInsiemeAZ LineaDinamica mmmmm nnnnn 18.06 16,77 33,10 26,96 17,42BB LineaSerena mmmmm nnnnn 18.06 11,84 23,92 19,72 22,10OBRLineaSicura mmmmm nnnnn 18.06 4,88 — 7,96 12,87BO LineaTranquilla mmmmm nnnnn 18.06 7,16 15,43 12,49 22,41L.A. PrevidenzaBB L.A. Previd. Bilanciata mmmmm nnnnn 12.06 6,37 8,19 4,81 2,65OBRL.A. Previd. Garantita mmmmm nnnnn 12.06 2,58 5,55 4,33 11,98BA L.A. Previd. Internaz. mmmmm nnnnn 12.06 8,88 1,61 3,74 -1,34BOCL.A. Previd. Protetta mmmmm nnnnn 12.06 3,80 12,33 4,15 8,95PrevirasOBRLinea1 Obbligaz. mmmmm nnnnn 18.06 3,14 4,99 5,06 13,55BOCLinea2 Obb. Mista mmmmm nnnnn 18.06 8,09 13,03 12,22 27,67BB Linea3 Bilanciata mmmmm nnnnn 18.06 11,29 21,23 18,00 23,40AZ Linea4 Az. Int. mmmmm nnnnn 18.06 15,76 31,57 24,04 14,19

ALMEGLIO DIALLEANZA TOROAZ AlMeglioAzionario mmmmm nnnnn 17.06 14,82 33,43 22,07 0,19BBRAlMeglioBilanciato mmmmm nnnnn 17.06 7,62 19,32 11,27 10,40OBRAlMeglioObbligaz. mmmmm nnnnn 17.06 3,11 5,20 2,21 13,85

AMUNDI A. M.SecondaPensioneF.P.A.MO SPDifensiva mmmmm nnnnn 17.06 5,39 7,86 6,90 12,39AZ SPEspansione mmmmm nnnnn 17.06 14,21 9,65 9,09 5,75FLCSPGarantita mmmmm nnnnn 17.06 4,87 8,44 7,06 11,83BO SPProgressiva mmmmm nnnnn 17.06 11,55 11,53 11,94 19,03BO SPSicurezza mmmmm nnnnn 17.06 7,65 9,92 8,65 14,42BB SPSviluppo mmmmm nnnnn 17.06 13,85 10,84 11,55 15,07

ARCAArcaPrevidenzaAZ LineaAltaCrescita mmmmm nnnnn 31.05 14,50 — 22,47 11,83AZ LineaAltaCrescita C mmmmm nnnnn 31.05 — — — —AZ LineaAltaCrescita R mmmmm nnnnn 31.05 15,36 — 24,46 —BB LineaCrescita mmmmm nnnnn 31.05 12,49 — 20,47 19,92BB LineaCrescita C mmmmm nnnnn 31.05 — — — —BB LineaCrescita R mmmmm nnnnn 31.05 13,23 — 22,29 —MOCLineaGaranzia mmmmm nnnnn 31.05 2,40 6,09 4,97 8,99OBCLineaGaranzia C mmmmm nnnnn 31.05 — 6,08 — —MOCLineaGaranzia R mmmmm nnnnn 31.05 2,91 6,09 6,22 —FLCLineaObiettivo TFR mmmmm nnnnn 31.05 7,08 — 9,30 18,69OBCLineaObiettivo TFR C mmmmm nnnnn 31.05 — — — —FLCLineaObiettivo TFR R mmmmm nnnnn 31.05 7,78 — 10,93 —BO LineaRendita mmmmm nnnnn 31.05 10,35 — 17,38 24,92OB LineaRendita C mmmmm nnnnn 31.05 — — — —BO LineaRendita R mmmmm nnnnn 31.05 11,08 — 19,16 —

ASSICURAZIONIGENERALIPrevigenGlobalBB Balance mmmmm nnnnn 31.05 8,89 8,39 15,33 20,51BORBond mmmmm nnnnn 31.05 7,21 10,96 9,77 19,70AZ Capital mmmmm nnnnn 31.05 12,49 16,98 17,55 8,42PrevigenValoreBB Genbalance mmmmm nnnnn 31.05 8,35 8,39 14,52 17,91OBRGenbond mmmmm nnnnn 31.05 5,59 11,22 7,47 17,76BORGenbondPiù mmmmm nnnnn 31.05 6,59 10,96 7,55 16,19AZ Gencapital mmmmm nnnnn 31.05 12,03 16,98 15,62 2,61

ASSIMOCO VITAF.P.A.Il MelogranoAZ LineaDinamica mmmmm nnnnn 12.06 12,53 20,36 13,39 -1,26

BB LineaEquilibrata mmmmm nnnnn 12.06 9,29 14,53 11,06 8,89BO LineaGarantita mmmmm nnnnn 12.06 7,16 7,07 6,58 10,53OB LineaPrudente mmmmm nnnnn 12.06 5,78 10,23 7,97 15,59

AVIVAAvivaBA L.Inv. Azionaria mmmmm nnnnn 31.05 15,78 — 18,44 13,77BB L.Inv. Bilanciata mmmmm nnnnn 31.05 13,92 — 16,32 20,70OB L.Inv.Gar.Rend.Mn.Pres mmmmm nnnnn 31.05 10,71 14,74 12,71 20,75BO L.Inv.Gar.Rest.Capitale mmmmm nnnnn 31.05 11,95 — 14,27 21,64BO L.Inv. Obbligazionaria mmmmm nnnnn 31.05 12,93 — 16,01 22,43AvivaAss. V. UBI Prev.BA Comparto AggressivoCl.C mmmmm nnnnn 07.06 17,22 16,14 22,74 23,93BA CompartoAggressivo Cl.I mmmmm nnnnn 07.06 16,76 19,02 21,21 17,04BOCCompartoCapital.Sicuro mmmmm nnnnn 07.06 3,61 4,47 1,95 6,77BB CompartoDinamico Cl.C mmmmm nnnnn 07.06 10,87 14,40 17,11 20,41BB Comparto DinamicoCl.I mmmmm nnnnn 07.06 10,60 15,07 16,18 20,09OB CompartoGarantito mmmmm nnnnn 07.06 2,95 7,28 2,90 7,35BO CompartoModeratoCl.C mmmmm nnnnn 07.06 6,04 15,53 11,35 14,75BO CompartoModerato Cl.I mmmmm nnnnn 07.06 5,99 11,26 11,17 20,32BO CompartoPrudente Cl.C mmmmm nnnnn 07.06 4,20 11,38 8,41 10,82BO CompartoPrudente Cl.I mmmmm nnnnn 07.06 4,18 11,38 8,32 19,57

AXAASSICURAZIONIMO CompartoConservativo mmmmm nnnnn 17.06 — -70,04 0,27 2,22BA CompartoDinamico mmmmm nnnnn 17.06 12,19 23,89 11,78 6,08BO CompartoEquilibrato mmmmm nnnnn 17.06 10,22 19,35 11,53 12,95BORCompartoGarantito mmmmm nnnnn 17.06 2,77 6,85 4,52 8,99BO CompartoPrudente mmmmm nnnnn 17.06 9,42 16,02 12,71 17,17

AXAMPS ASSICURAZIONI VITAAxa MPSPrevidenza in AziendaBB LineaCombinata mmmmm nnnnn 31.05 10,92 18,79 18,63 22,64BO LineaEquilibrio mmmmm nnnnn 31.05 7,43 17,10 13,54 21,27BOCLineaSicura mmmmm nnnnn 31.05 1,76 7,13 2,38 5,19BA LineaSviluppo mmmmm nnnnn 31.05 13,39 18,81 22,06 22,40OB LineaTenuta mmmmm nnnnn 31.05 2,37 16,01 6,12 17,12Axa MPSPrevidenza perTeBA LineaCrescita mmmmm nnnnn 31.05 12,95 18,81 20,50 19,92BOCLineaGarantita mmmmm nnnnn 31.05 1,29 7,13 1,25 3,27BB LineaMista mmmmm nnnnn 31.05 10,48 18,79 17,15 20,64OB LineaMoneta mmmmm nnnnn 31.05 1,99 16,01 5,32 15,58BO LineaStabilità mmmmm nnnnn 31.05 7,11 17,10 12,81 20,78

AZIMUT PREVIDENZABA CompartoCrescita mmmmm nnnnn 18.06 16,37 — 5,45 4,52BB CompartoEquilibrato mmmmm nnnnn 18.06 11,22 — 4,77 6,08BORCompartoGarantito mmmmm nnnnn 18.06 7,02 — 8,51 8,47BO CompartoProtetto mmmmm nnnnn 18.06 2,41 — 1,30 0,61

BAP VITA E PREVIDENZABap Pensione2007BO LineaEquilibrio mmmmm nnnnn 31.05 8,38 8,54 3,17 1,20BO LineaEquilibrioA mmmmm nnnnn 31.05 8,66 8,54 4,79 4,59BA LineaInvestimento mmmmm nnnnn 31.05 12,81 2,00 -0,43 -11,41BA LineaInvestimento A mmmmm nnnnn 31.05 13,59 2,00 1,91 -7,48OBRLineaTFR mmmmm nnnnn 31.05 2,55 7,67 2,98 4,47OBRLineaTFR A mmmmm nnnnn 31.05 3,06 7,67 4,60 7,36

BCC RISPARMIO & PREVIDENZAAZ Aureocomparto az. mmmmm nnnnn 31.05 10,99 28,72 12,99 4,16BB Aureocomparto bil. mmmmm nnnnn 31.05 7,77 21,68 11,92 12,18MO Aureocomparto gar. mmmmm nnnnn 31.05 0,76 3,37 2,56 7,00

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



fondi pensione aperti

OB Aureocomparto obbl. mmmmm nnnnn 31.05 2,62 12,81 7,62 16,67

BIM VITABB BimVita Bil.Globale mmmmm nnnnn 31.05 11,33 6,11 4,61 7,43OB BimVita Bond mmmmm nnnnn 31.05 6,37 14,37 10,10 24,79BO BimVita Equilibrio mmmmm nnnnn 31.05 6,21 11,96 7,59 16,46AZ BimVita Equity mmmmm nnnnn 31.05 16,56 1,32 0,27 -5,59

C.R.F. PREVIDENZAOB Comparto1(obbligaz.) mmmmm nnnnn 31.05 1,93 8,19 5,17 11,23BO Comparto2 (bil./obb.) mmmmm nnnnn 31.05 7,72 14,79 9,94 12,76BB Comparto3 (bilanciato) mmmmm nnnnn 31.05 11,66 14,80 9,31 2,99BA Comparto4 (bil./az.) mmmmm nnnnn 31.05 13,15 14,81 7,49 -5,76BOKComparto5 (garant.) mmmmm nnnnn 31.05 2,60 8,93 4,32 10,42

CARIGEBB Dinamico mmmmm nnnnn 31.05 12,56 19,74 15,91 10,74BB DinamicoA mmmmm nnnnn 31.05 13,46 19,74 18,71 15,24BO Equilibrato mmmmm nnnnn 31.05 9,44 16,11 16,52 22,73BO EquilibratoA mmmmm nnnnn 31.05 10,02 16,11 18,39 26,03BOCObiettivoTfr mmmmm nnnnn 31.05 4,00 15,39 6,12 15,43BOCObiettivoTfr A mmmmm nnnnn 31.05 4,34 15,39 7,22 17,48OB Prudente mmmmm nnnnn 31.05 5,25 9,29 10,56 20,73OB PrudenteA mmmmm nnnnn 31.05 5,62 9,29 11,74 22,88

CREDEMPREVIDENZAAZ CompartoAzionario A mmmmm nnnnn 31.05 12,66 23,35 15,06 10,18AZ CompartoAzionario B mmmmm nnnnn 31.05 13,17 23,35 16,64 13,01BB CompartoBilanciatoA mmmmm nnnnn 31.05 11,73 18,41 13,55 15,58BB CompartoBilanciato B mmmmm nnnnn 31.05 12,04 18,41 14,49 17,47FL CompartoFlessibile A mmmmm nnnnn 31.05 — — — —FL CompartoFlessibile B mmmmm nnnnn 31.05 — — — —BORCompartoObb. Gar. A mmmmm nnnnn 31.05 9,54 14,43 10,56 20,01BORCompartoObb. Gar. B mmmmm nnnnn 31.05 9,63 14,43 10,83 20,68

CRÉDITAGRICOLE VITAAZ Taro mmmmm nnnnn 31.05 11,46 27,07 17,16 16,34AZ TaroCl.A mmmmm nnnnn 31.05 11,94 27,07 18,69 18,68AZ TaroCl.B mmmmm nnnnn 31.05 12,34 27,07 19,95 —BORTicino mmmmm nnnnn 31.05 8,62 11,96 9,58 12,82BO TicinoCl.A mmmmm nnnnn 31.05 9,04 11,96 10,86 15,00BO TicinoCl.B mmmmm nnnnn 31.05 9,53 11,96 12,36 —BB Trebbia mmmmm nnnnn 31.05 10,93 26,81 18,44 22,81BB Trebbia Cl.A mmmmm nnnnn 31.05 11,42 26,81 20,00 25,42BB Trebbia Cl.B mmmmm nnnnn 31.05 11,63 26,81 20,69 —

CREDITRASVITAUnicreditAZ LineaDinamica mmmmm nnnnn 18.06 16,28 31,57 24,02 15,90BB LineaSerena mmmmm nnnnn 18.06 10,27 21,23 17,24 21,33OBRLineaSicura mmmmm nnnnn 18.06 3,65 4,99 4,44 12,20BOCLineaTranquilla mmmmm nnnnn 18.06 7,70 13,03 11,26 27,12

FONDIARIA- SAIF.P.A.Conto PrevidenzaAZ CompartoAzion. Cl.A mmmmm nnnnn 31.05 13,50 21,04 17,41 17,44AZ CompartoAzion. Cl.B mmmmm nnnnn 31.05 13,55 21,04 17,58 17,93AZ CompartoAzionario mmmmm nnnnn 31.05 12,57 21,04 14,60 12,71BB CompartoBil. Cl.A mmmmm nnnnn 31.05 10,78 20,18 14,13 21,72BB CompartoBil. Cl.B mmmmm nnnnn 31.05 10,82 20,18 14,28 21,91BB CompartoBilanciato mmmmm nnnnn 31.05 10,12 20,18 12,15 18,03BORCompartoGar. Cl.A mmmmm nnnnn 31.05 6,73 11,96 8,78 19,27BORCompartoGar. Cl.B mmmmm nnnnn 31.05 6,79 11,96 8,95 19,56

BORCompartoGarantito mmmmm nnnnn 31.05 6,26 11,96 7,34 16,84OB CompartoObbigaz. mmmmm nnnnn 31.05 4,67 12,64 7,92 24,29OB CompartoObbl. Cl.A mmmmm nnnnn 31.05 5,14 12,64 9,37 27,06OB CompartoObbl. Cl.B mmmmm nnnnn 31.05 5,19 12,64 9,54 27,41FLRCompartoPremium TFR mmmmm nnnnn 31.05 4,85 — 8,72 24,91F.P.A.Fondiaria PrevidenteAZ CompartoAzionario mmmmm nnnnn 31.05 11,90 21,04 11,50 8,35BB CompartoBilanciato mmmmm nnnnn 31.05 10,10 20,18 12,63 18,83BORCompartoGarantito mmmmm nnnnn 31.05 6,53 11,96 7,87 17,97MO CompartoMonetario mmmmm nnnnn 31.05 2,06 3,80 2,42 7,78OB CompartoObbigaz. mmmmm nnnnn 31.05 5,01 12,64 8,18 24,63F.P.A.SaiOBRLineaPrevi-Bond mmmmm nnnnn 31.05 5,63 14,37 8,95 23,02BORLineaPrevi-Capital mmmmm nnnnn 31.05 4,51 6,21 5,55 15,44AZ LineaPrevi-Europa mmmmm nnnnn 31.05 13,55 -0,49 9,43 4,85BORLineaPrevi-Gest mmmmm nnnnn 31.05 6,08 11,96 7,23 15,73AZ LineaPrevi-Global mmmmm nnnnn 31.05 11,04 27,07 20,05 30,41BB LineaPrevi-Mix mmmmm nnnnn 31.05 11,75 8,44 10,10 8,38

HDIASSICURAZIONIF.P.A.Azionedi PrevidenzaAZ LineaDinamica mmmmm nnnnn 31.05 14,79 7,19 8,00 -9,80BO LineaEquilibrata mmmmm nnnnn 31.05 11,09 7,69 11,73 15,59BOCLineaGarantita mmmmm nnnnn 31.05 9,56 3,60 12,83 27,00OB LineaPrudente mmmmm nnnnn 31.05 9,10 3,17 11,41 23,14

INAASSITALIAFondoPensione Aperto INABO Inv. Bilanciato mmmmm nnnnn 31.05 9,11 14,49 12,14 16,18BOCInv. CapitaleGarant. mmmmm nnnnn 31.05 4,18 5,64 6,11 11,70BA Inv. Crescita mmmmm nnnnn 31.05 13,19 16,52 14,97 7,25BO Inv. Protezione mmmmm nnnnn 31.05 5,31 8,57 7,58 11,18BORInv. Rendim.Garant. mmmmm nnnnn 31.05 7,22 12,48 10,08 18,91BO Inv. TFR Garant.2015 mmmmm nnnnn 31.05 11,39 4,67 — —BO Inv. TFR Garant.2023 mmmmm nnnnn 31.05 21,26 4,67 — —BO Inv. TFR Garant.2033 mmmmm nnnnn 31.05 24,68 4,67 — —

INTESASANPAOLO PREVIDENZAF.P.A.GiustinianoBA GiustinianoAzionaria mmmmm nnnnn 31.05 12,78 29,02 18,36 20,99BO GiustinianoBilanciata mmmmm nnnnn 31.05 10,48 23,16 16,57 24,34OB GiustinianoMonetaria mmmmm nnnnn 31.05 2,43 5,88 4,74 13,27OB GiustinianoObbligaz. mmmmm nnnnn 31.05 7,26 34,02 12,19 —BOCGiustinianoTFR + mmmmm nnnnn 31.05 4,32 5,40 8,43 16,40F.P.A.Il Mio DomaniBO LineaBreve Termine mmmmm nnnnn 31.05 14,13 4,40 17,15 23,83BO Linea Breve TermineCl. C mmmmm nnnnn 31.05 — 4,67 — —AZ LineaLungo Termine mmmmm nnnnn 31.05 24,24 — 27,16 16,34FL Linea LungoTermine Cl.C mmmmm nnnnn 31.05 — — — —BB LineaMedio Termine mmmmm nnnnn 31.05 12,63 4,51 12,18 8,12FL LineaMedio TermineCl.C mmmmm nnnnn 31.05 — 7,53 — —BORLineaTFR mmmmm nnnnn 31.05 5,23 5,40 9,70 17,75BO LineaTFR Cl.C mmmmm nnnnn 31.05 — 5,80 — —F.P.A.Intesa Mia PrevidenzaBO PianoPrevid.Accumulo mmmmm nnnnn 31.05 8,66 16,66 9,74 16,15MOCPianoPrevid.Capitale mmmmm nnnnn 31.05 4,27 8,49 6,04 11,86BO PianoPrevid.Crescita mmmmm nnnnn 31.05 5,77 12,84 10,39 20,41BA PianoPrevid.Dinamico mmmmm nnnnn 31.05 11,14 19,36 11,73 12,92OB PianoPrevid.Reddito mmmmm nnnnn 31.05 5,59 10,67 8,07 16,87F.P.A.PrevidSystemBO AccumulazioneBilan. mmmmm nnnnn 31.05 8,53 20,60 14,21 20,64BO CrescitaDinamica mmmmm nnnnn 31.05 5,30 13,15 10,22 19,75BO CrescitaPrudente mmmmm nnnnn 31.05 3,64 10,13 8,85 17,67





BA RivalutazioneAzionaria mmmmm nnnnn 31.05 12,09 27,19 17,01 17,35BORTFR + mmmmm nnnnn 31.05 3,93 5,40 7,78 15,32

INTESASANPAOLO VITAF.P.A.Sanpaolo PrevidenzaBA LineaBil.Azionaria mmmmm nnnnn 31.05 11,76 27,89 14,27 5,02BB LineaBilanciata mmmmm nnnnn 31.05 10,70 23,83 13,83 10,66MO LineaMonetaria mmmmm nnnnn 31.05 1,38 3,80 2,92 6,22OB LineaObbligazionaria mmmmm nnnnn 31.05 7,97 13,68 11,23 22,00BO LineaProtetta mmmmm nnnnn 31.05 3,95 8,49 3,39 2,76F.P.A.Sanpaolo Previdenza AziendeBA LineaBil.Azionaria mmmmm nnnnn 31.05 12,38 27,89 16,08 7,63BO LineaBil.Obbligaz. mmmmm nnnnn 31.05 10,03 19,77 14,26 17,69BB LineaBilanciata mmmmm nnnnn 31.05 11,29 23,83 15,39 13,07BORLineaGarantita mmmmm nnnnn 31.05 3,12 9,94 4,34 10,81OB LineaObbligazionaria mmmmm nnnnn 31.05 8,31 13,68 12,26 23,89

ITAS VITAF.P.A.PensPlan PlurifondsAZ ActivITAS mmmmm nnnnn 31.05 9,51 21,30 10,01 7,54BO AequITAS mmmmm nnnnn 31.05 8,65 20,87 13,98 27,48BOCSecurITAS mmmmm nnnnn 31.05 4,50 4,06 6,92 16,23BO SerenITAS mmmmm nnnnn 31.05 7,61 14,24 12,72 23,62BB SolidITAS mmmmm nnnnn 31.05 8,79 18,95 11,58 13,71AZ SummITAS mmmmm nnnnn 31.05 9,63 24,39 8,57 6,79

MILANO ASS.OBRMilanoBond mmmmm nnnnn 31.05 5,64 14,37 8,87 22,76OBRMilanoBond Cl.A mmmmm nnnnn 31.05 6,06 14,37 10,18 25,24OBRMilanoBond Cl.B mmmmm nnnnn 31.05 6,10 14,37 10,32 25,51AZ MilanoEuropa mmmmm nnnnn 31.05 13,58 -0,49 15,37 16,34AZ MilanoEuropa Cl.A mmmmm nnnnn 31.05 14,29 -0,49 17,56 20,09AZ MilanoEuropa Cl.B mmmmm nnnnn 31.05 14,34 -0,49 17,73 20,43BORMilanoGest mmmmm nnnnn 31.05 6,33 11,96 8,65 23,64BORMilanoGest. Cl.A mmmmm nnnnn 31.05 6,81 11,96 10,13 26,44BORMilanoGest. Cl.B mmmmm nnnnn 31.05 6,86 11,96 10,26 26,69AZ MilanoGlobal mmmmm nnnnn 31.05 10,59 27,07 21,79 33,02AZ MilanoGlobal Cl.A mmmmm nnnnn 31.05 11,29 27,07 24,10 37,25AZ MilanoGlobal Cl.B mmmmm nnnnn 31.05 11,34 27,07 24,25 37,76BB MilanoMix mmmmm nnnnn 31.05 11,11 8,44 13,69 14,82BB MilanoMix Cl.A mmmmm nnnnn 31.05 11,62 8,44 15,28 17,51BB MilanoMix Cl.B mmmmm nnnnn 31.05 11,67 8,44 15,46 17,85FL MilanoPremium TFR mmmmm nnnnn 31.05 4,97 — 9,06 25,92

NATIONALE SUISSEVITABO Previsuisse-C.Crescita mmmmm nnnnn 31.05 8,66 20,87 13,72 19,99BB Previsuisse-C.Dinamica mmmmm nnnnn 31.05 10,55 26,95 16,14 17,33OBCPrevisuisse-C.Garanz. mmmmm nnnnn 31.05 6,75 14,78 11,11 21,57

PENSPLANINVESTPensPlanProfi F.P.A.BB CompartoLinea A mmmmm nnnnn 31.05 8,36 22,17 11,21 23,19BO CompartoLinea B mmmmm nnnnn 31.05 7,93 14,38 12,56 24,14OB CompartoLinea C mmmmm nnnnn 31.05 2,32 7,64 4,91 11,05RaiffeisenF.P.A.BO LineaActivity mmmmm nnnnn 31.05 10,57 13,07 14,22 21,60BA LineaDynamic mmmmm nnnnn 31.05 12,96 10,33 12,01 8,03OB LineaSafe mmmmm nnnnn 31.05 8,16 14,78 11,04 23,52

PIONEER INVESTMENT MGMTUniCreditPrevidenzaAZ LineaAzionaria mmmmm nnnnn 31.05 13,22 26,65 19,44 10,85BB LineaBilanciata mmmmm nnnnn 31.05 11,65 22,58 18,08 16,34

BA Linea DataTarget2035+ mmmmm nnnnn 31.05 11,61 24,93 17,91 14,45BO LineaDT2015 mmmmm nnnnn 31.05 4,25 18,84 8,13 11,22BO LineaDT2020 mmmmm nnnnn 31.05 10,54 16,55 15,21 18,40BB LineaDT2025 mmmmm nnnnn 31.05 10,56 22,90 16,65 17,51BB LineaDT2030 mmmmm nnnnn 31.05 11,13 24,93 17,03 15,66MO LineaGarantita mmmmm nnnnn 31.05 3,93 6,09 7,62 10,34BO LineaObb. Breve Periodo mmmmm nnnnn 31.05 3,44 16,81 7,16 7,63OB LineaObblig. Reale mmmmm nnnnn 31.05 5,38 11,94 7,88 17,06BO LineaPrudente mmmmm nnnnn 31.05 9,98 17,27 15,68 21,22

POPOLARE VITAOBRPopolareBond mmmmm nnnnn 31.05 5,70 14,37 9,20 23,16OBRPopolareBond Cl.A mmmmm nnnnn 31.05 6,13 14,37 10,52 25,59OBRPopolareBond Cl.B mmmmm nnnnn — — — — —BORPopolareGest mmmmm nnnnn 31.05 6,04 11,96 8,17 18,32BORPopolareGest Cl.A mmmmm nnnnn 31.05 6,42 11,96 9,33 20,39BORPopolareGest Cl.B mmmmm nnnnn 31.05 6,50 11,47 — —BB PopolareMix mmmmm nnnnn 31.05 11,08 8,44 12,87 12,26BB PopolareMix Cl.A mmmmm nnnnn 31.05 11,52 8,44 14,22 14,42BB PopolareMix Cl.B mmmmm nnnnn 31.10 — — — —

REALE MUTUA ASSICURAZIONIBB Teseo-L.Bilanc.Etica mmmmm nnnnn 31.05 11,91 6,45 11,30 8,90MORTeseo-L.Garan. Etica mmmmm nnnnn 31.05 3,96 6,09 5,33 10,98OB Teseo-L.Prudenz.Etica mmmmm nnnnn 31.05 8,09 16,12 12,37 24,14AZ Teseo-L.Sviluppo Etica mmmmm nnnnn 31.05 16,27 15,12 8,25 -12,63

TORO PREVID. DI ALLEANZA TOROAZ LineaAzionaria mmmmm nnnnn 31.05 13,51 22,91 13,31 7,05AZ LineaAzionaria A mmmmm nnnnn 31.05 14,30 22,91 15,39 10,38AZ LineaAzionaria B mmmmm nnnnn 31.05 14,41 22,91 15,69 10,77AZ LineaAzionaria C mmmmm nnnnn 31.05 14,52 22,91 16,00 11,33BBRLineaBil. Garanzia mmmmm nnnnn 31.05 6,60 18,36 9,00 13,96BBRLineaBil. Garanzia A mmmmm nnnnn 31.05 6,61 18,36 9,02 14,03BBRLineaBil. Garanzia B mmmmm nnnnn 31.05 — 15,92 — —BBRLineaBil. Garanzia C mmmmm nnnnn 31.05 6,60 18,36 9,01 14,01OBRLineaObbl. Garanzia mmmmm nnnnn 31.05 4,21 14,17 2,81 13,06OBRLineaObbl.Garanzia A mmmmm nnnnn 31.05 4,68 14,17 4,19 15,58OBRLineaObbl.Garanzia B mmmmm nnnnn 31.05 4,77 14,17 4,47 16,13OBRLineaObbl.Garanzia C mmmmm nnnnn 31.05 4,87 14,17 4,76 16,64

UNIPOL ASSICURAZIONIUnipolInsiemeBOCLineaCrescita mmmmm nnnnn 12.06 9,70 18,45 16,03 28,86BORLineaProtezione Etica mmmmm nnnnn 12.06 6,46 8,91 9,22 20,06BB LineaSviluppo mmmmm nnnnn 12.06 15,17 20,71 19,40 21,19AZ LineaValore mmmmm nnnnn 12.06 19,31 25,50 22,65 14,07UnipolPrevidenzaOBRLineaA:Obbl.garanz. mmmmm nnnnn 11.06 8,73 15,05 13,23 27,96BORLineaB:Ob.mista gar mmmmm nnnnn 11.06 10,30 14,16 12,28 22,93BO LineaC:Obbligaz. mista mmmmm nnnnn 11.06 10,32 16,55 13,24 22,02BB LineaD:Bilanciata mmmmm nnnnn 11.06 12,56 17,57 13,25 15,34

VITTORIAFORMULA LAVOROAZ Previdenza Capitalizz. mmmmm nnnnn 31.05 12,83 24,47 10,77 -4,97BB PrevidenzaEquilibrata mmmmm nnnnn 31.05 12,60 19,62 11,57 10,53BORPrevidenzaGarantita mmmmm nnnnn 31.05 11,16 15,99 10,34 18,58

ZEDOMNIFUNDAZ Azionaria mmmmm nnnnn 31.05 12,83 19,33 8,36 -5,20BO Bilanciata30 mmmmm nnnnn 31.05 7,42 15,99 11,11 15,14BA Bilanciata65 mmmmm nnnnn 31.05 12,56 18,59 10,97 5,00OBRGarantita mmmmm nnnnn 31.05 7,54 11,11 3,79 8,74





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

OB Obbligazionaria mmmmm nnnnn 31.05 4,76 13,82 10,05 21,89

ZURICH CONTRIBUTIONOB LineaConservativa mmmmm nnnnn 31.05 4,54 13,82 8,91 19,02BA LineaDinamica mmmmm nnnnn 31.05 13,49 18,59 14,23 8,34OBRLineaGarantita mmmmm nnnnn 31.05 8,32 11,11 7,02 12,77




fondi chiusi immobiliari a cura di

LEGENDA(1)Ultimo Navannualedisponibile (31/12/2012), tranneche perAtlantic"(31/03/2013), rettificatoper eventualidividendi erimborsidistribuiti.(2) rapportotraprezzodimercato eNav.(3) Canoni/Valore immobili:ècalcolato rapportandol'ultimodato diffusosuicanoni annuie il valoredegli immobiliimplicitoneiprezzi diborsa. (4) Div.12m/prezzo: calcolatorapportandoildivideno cumulatonegliultimi 12mesi rispettoall'ultimoprezzodisponibile.Eventualidistribuzionidi capitalenon sonostatecomputate,se debitamentecomunicate edettagliate.Diversi fondihanno distribuitoplusvalenzemonetizzatederivanti dallacessionedi immobiliealcunihanno posto inpagamento proventi riconducibiliadeserciziprecedenti.(5)Controvalore settimanale:sommadel controvalorescambiatonelleultimecinquesedutedi borsa.(6)Rendimento annuodacollocamento (prezzo): tasso annualizzato, tieneconto deidividendi corrisposticonriferimentoalla datadi calcolodella tabellaconsiderandocome valorediuscita l'ultimoprezzodimercato.(7)Rendimento annuodacollocamento (Nav): tassoannualizzato, tiene contodei dividendicorrisposticon riferimentoalladata dicalcolo dellatabellaconsiderandocome valorediuscita l’ultimoNavrettificato.(8)Rendimento annuo:ècalcolato ipotizzandol’ultimoprezzodi borsacomevaloredi entratae l’ultimoNAVrettificatocome quello diuscitaalla datadiscadenzamassima,non considerandonelcomputoalcunprovento distribuito (dividendierimborsi).I rendimentiaunasettimanae2012: 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 (12/2013) 244,60 539,482 -54,7 +19,0 +8,7 251009 -1,69 +6,98 -0,04 +50,54 12-2016 +24,7Atlantic2 (12/2015) 178,50 357,673 -50,1 +20,8 +7,7 8830 +7,98 +12,00 -1,38 +24,33 12-2018 +13,2EstenseG.D. (12/2013) 2070,00 2656,047 -22,1 +8,7 +6,4 18452 +2,43 +4,44 -1,33 +33,91 12-2016 +7,2Europa Imm. 1(12/2014) 457,90 1537,136 -70,2 +15,8 — 16986 -14,40 -3,09 -0,24 -2,16 12-2017 +30,1FondoAlpha(06/2015) 997,50 3701,013 -73,0 +44,9 — 75738 +1,43 +8,70 -0,35 -5,72 12-2019 +21,9FondoBeta(02/2015) 340,00 548,297 -38,0 +26,7 — 10553 +7,84 +9,77 -0,09 +10,33 12-2015 +20,5FondoDelta(12/2014) 29,00 96,941 -70,1 +29,5 — 62952 -17,40 -0,48 -1,93 -4,61 12-2017 +30,0Imm. dinamico (12/2020) 61,75 239,488 -74,2 +14,2 — 58317 -13,57 +0,56 -0,16 +3,09 12-2023 +13,5Immobilium 2001(12/2017) 1575,00 4249,205 -62,9 +12,6 — 52959 -3,39 +2,68 +0,83 +2,94 12-2020 +13,9InvestRealSec. (12/2013) 1073,00 2226,369 -51,8 +10,3 — 16672 -6,05 +0,60 +1,42 +9,27 12-2016 +22,6Investietico(12/2015) 1576,00 2533,507 -37,8 +10,7 +9,5 140520 +1,42 +4,37 -0,69 +28,20 12-2018 +8,8Med.RE -A 3,50 5,732 -39,0 +21,0 — 13457 -4,74 +1,88 -1,46 +11,05 12-2027 +3,4Med.RE -B 3,20 4,449 -28,1 +21,0 +5,8 204882 -1,82 +2,04 -1,60 -11,07 12-2027 +2,3Obelisco(12/2015) 654,50 1913,573 -65,8 +10,8 — 9649 -14,38 -1,78 +0,69 +3,72 12-2018 +21,1Olinda(12/2014) 110,00 465,087 -76,3 +23,2 — 132516 -3,67 +6,87 -5,58 +1,01 12-2014 +153,1Polis (12/2015) 805,00 2011,111 -60,0 +10,6 — 135500 -2,37 +3,04 +5,02 +33,06 12-2018 +17,7PortfolioImm. (12/2013) 978,50 1537,038 -36,3 +12,2 — 67844 -1,12 +1,02 +0,46 +23,31 12-2016 +13,4RE Europa (12/2016) 847,00 2116,420 -60,0 +11,8 +8,6 126715 -4,84 +1,18 -0,88 +35,03 12-2019 +14,8RE Italia (12/2016) 999,00 2306,496 -56,7 +11,3 +13,0 68770 +0,04 +4,29 -0,99 +23,94 12-2019 +13,5Risp. Imm.1 Energia (12/2018) 7100,00 6753,262 +5,1 +11,1 — 13600 -2,30 -2,94 +5,97 +3,65 12-2021 -0,6Securfondo (12/2014) 1190,00 2202,597 -46,0 +8,7 +3,7 20959 +2,67 +5,12 +1,45 +15,45 12-2017 +14,3Tecla(12/2014) 171,90 355,808 -51,7 +21,5 — 46648 +9,68 +13,47 +1,48 +8,11 12-2014 +59,8UnicreditoImm.1 (12/2014) 1500,00 3012,966 -50,2 +17,0 — 190518 -0,18 +3,92 +1,63 +12,03 12-2020 +9,6ValoreImm. glob. (12/2014) 1535,00 3940,415 -61,0 +19,3 — 22841 -0,73 +2,85 -0,20 -9,71 12-2022 +10,2(Noriskprestaoccasionalmenteeautonomamenteattivitàdi consulenzaafavoredegliemittentidegli strumenti finanziarioggettodi analisi)


EXCHANGE TRADED FUND a cura di

MONETARIOdebitogovernativoAmundi EtfCash 3 Months Euromts Inv Gr(FR0010754200)[SinteticaUnfunded:basketsostitutivo (101,28%) Swap(-1,28%)] mmmmm 0,14 0,04 195.606 0,26Amundi EtfEonia (FR0010718841)[SinteticaUnfunded:basketsostitutivo (96,96%) Swap(3,04%)] mmmmm 0,14 0,01 160.757 0,03Lyxor ETFBOT 6M(MTSIta Tr BOT 6M)C-EUR(FR0011360676)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,15 0,05 149.166 -IsharesBarcapEuro Treasury Bond 0-1 (IE00B3FH7618)[FisicaaCampione] mmmmm 0,20 0,06 106.299 1,12valutaEtfs3X Short Chf Long Eur (JE00B3S71Q64)[SinteticaUnfunded:basketsostitutivo (102%) Swap(100%)] mmmmm 1,83 0,27 169.941 5,44Etfs3X Short Aud Long Eur (JE00B3RXT940)[SinteticaUnfunded:basketsostitutivo (102%) Swap(100%)] mmmmm 1,83 0,28 159.320 20,73DbX-Trackers Currency Returns Etf(LU0328474472)[SinteticaFunded:con Swap(100%)(collaterale110,53%)] mmmmm 0,30 0,11 123.867 1,80Etfs3X Long Aud Short Eur (JE00B3QYZH88)[SinteticaUnfunded:basketsostitutivo (102%) Swap(100%)] mmmmm 1,83 0,42 40.518 -26,80AZIONARIOemergenteCsEtf (Ie)MsciRussia Adr/Gdr (IE00B5V87390)[FisicaCompleta] mmmmm 0,65 1,51 188.165 -6,61DbX-Trackers MsciKorea TrnIndex Etf(LU0292100046)[SinteticaFunded:con Swap(100%)(collaterale122,51%)] mmmmm 0,65 0,47 180.132 -7,20CsEtf (Ie)MsciMexico Capped (IE00B5WHFQ43)[FisicaCompleta] mmmmm 0,65 1,09 179.681 3,43DbX-Trackers MsciPacific Ex Japan Etf(LU0322252338)[SinteticaFunded:con Swap(100%)(collaterale122,62%)] mmmmm 0,45 0,64 164.298 9,58IsharesMsciPacific Ex-Japan (IE00B4WXJD03)[FisicaCompleta] mmmmm 0,60 0,86 162.174 9,70Lyxor EtfThailand (Set 50 NetTr) (FR0011067529)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 1,30 161.532 15,94Lyxor EtfSouthAfrica Ftse Jsetop40(FR0010464446)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,78 153.166 -5,80IsharesMsciEastern Europe (IE00B0M63953)[FisicaaCampione:prestito titoli(8,73%) e collaterale(102,5%-112%)] mmmmm 0,74 0,75 132.189 -0,49CsEtf (Ie)MsciAustralia (IE00B5V70487) mmmmm 0,50 0,39 131.524 8,83Lyxor EtfAustralia (LU0496786905)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,33 128.304 7,25DbX-Trackers S&PCnx Nifty Etf(LU0292109690)[SinteticaFunded:con Swap(100%)(collaterale122,55%)] mmmmm 0,85 0,55 127.600 2,08Lyxor EtfMsciEm Latin America(FR0010410266)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,61 125.971 -11,67Amundi EtfMsciPacific Ex Japan(FR0010713669)[SinteticaUnfunded:basketsostitutivo (100,06%)Swap (-0,06%)] mmmmm 0,45 0,42 122.783 9,60DbX-Trackers S&P/Asx 200 Etf(LU0328474803)[SinteticaFunded:con Swap(100%)(collaterale110,2%)] mmmmm 0,50 0,32 109.858 7,46DbX-Trackers MsciEm Emea TrnIndex Etf(LU0292109005)[SinteticaFunded:con Swap(100%)(collaterale115,44%)] mmmmm 0,65 0,67 108.688 -6,73CsEtf (Lux)MsciEmerging Markets(LU0254097446)[FisicaaCampione:prestito titoli(2.8%)e collaterale (105%)] mmmmm 0,69 0,43 105.513 -4,41IsharesMsciEmerging Markets(Acc) (IE00B4L5YC18)[FisicaaCampione:prestito titoli(0,82%) ecollaterale (102,5%-112%)] mmmmm 0,75 2,06 101.259 -4,58Rbs MarketAccess Dj Turkey Titans 20 (LU0269999362)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale101,1%)] mmmmm 0,60 1,60 97.091 22,02Spdr MsciEmerging MarketsEtf (IE00B469F816)[FisicaaCampione] mmmmm 0,65 0,49 94.411 -4,07DbX-Trackers S&PSelect Frontier Etf(LU0328476410)[SinteticaFunded:con Swap(100%)(collaterale115,83%)] mmmmm 0,95 0,97 87.315 17,27CsEtf (Ie)MsciIndia (IE00B564MX78)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,75 1,15 79.445 3,09DbX-Trackers MsciChile Trn IndexEtf(LU0592217797)[SinteticaFunded:con Swap(100%)(collaterale120,28%)] mmmmm 0,65 1,02 71.812 -18,09CsEtf (Ie)MsciBrazil (IE00B59L7C92)[FisicaCompleta] mmmmm 0,65 0,71 64.621 -14,97Ubs-EtfMsci Pacific (ExJapan) A (LU0446734526)[FisicaCompleta:prestito titoli(19%) ecollaterale (105,6%)] mmmmm 0,46 0,43 64.331 9,42DbX-Trackers MsciEfm Africa Top 50 Etf(LU0592217524)[SinteticaFunded:con Swap(100%)(collaterale120,29%)] mmmmm 0,65 0,98 62.147 3,44DbX-Trackers MsciMalaysia TrnIndex (LU0514694370)[SinteticaFunded:con Swap(100%)(collaterale122,44%)] mmmmm 0,50 0,77 58.992 7,10DbX-Trackers MsciEm Latam TrnEtf (LU0292108619)[SinteticaFunded:con Swap(100%)(collaterale120,35%)] mmmmm 0,65 0,53 58.868 -11,72IsharesMsciRussia CappedSwap (IE00B3Y06D14)[SinteticaFunded:con Swap(100%)(collaterale116,73%)] mmmmm 0,74 0,55 58.017 -6,37Amundi EtfMsciEastern Europe ExRussia (FR0010717074)[SinteticaUnfunded:basketsostitutivo (100,11%)Swap (-0,11%)] mmmmm 0,45 0,82 56.593 6,97IsharesS&PEmerging MktsInfrastructure (IE00B2NPL135)[FisicaCompleta] mmmmm 0,74 0,74 55.091 0,38Spdr MsciEm LatinAmerica Etf(IE00B454X613)[FisicaaCampione] mmmmm 0,65 0,93 52.090 -10,92Lyxor EtfMsciTaiwan (FR0010444786)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,62 47.519 5,71Rbs MarketAccess Daxglobal RussiaIndex (LU0269999958)

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

stelle anno % 30ggÀ %


EXCHANGE TRADED FUND

[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale101,87%)] mmmmm 0,70 1,40 46.219 -5,05UBSETFsplc-MSCI ACAsia exJap (USD) A-acc(IE00B7WK2W23)[Sintetica(collaterale105%)] mmmmm 0,56 1,43 44.569 -CsEtf (Ie)MsciPacific Ex Japan (IE00B52MJY50)[FisicaCompleta] mmmmm 0,48 0,63 42.197 9,67DbX-Trackers Hsi Short Daily Etf(2C) (LU0429790313)[SinteticaFunded:con Swap(100%)(collaterale120,38%)] mmmmm 0,75 0,77 41.137 -18,04Lyxor EtfFtse Epra/Nareit Asia Ex-Japan (FR0010833541)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 2,01 40.258 15,60Lyxor EtfMsciAc Asia ExJapan (FR0010652867)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,50 1,81 30.748 1,91europaCsEtf (Ie)Euro Stoxx50 (IE00B53L3W79)[FisicaCompleta:prestito titoli(14.60%)e collaterale (113.20%)] mmmmm 0,20 0,27 197.602 26,31Etfx Dax2X Short Fund(IE00B4QNHZ41)[SinteticaUnfunded:basketsostitutivo (108%) Swap(100%)] mmmmm 0,60 0,44 171.434 -46,69Amundi EtfFtse/Mib (FR0010892208)[SinteticaUnfunded:basketsostitutivo (99,89%) Swap(0,11%)] mmmmm 0,18 0,24 164.636 22,41DbX-Trackers Stoxx 600Banks Etf(LU0292103651)[SinteticaFunded:con Swap(100%)(collaterale115,27%)] mmmmm 0,30 0,36 160.022 31,80Lyxor EtfStoxx Europe 600Technology (FR0010344796)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,31 156.219 31,09Ubs-EtfMsci Europe A (LU0446734104)[FisicaCompleta:prestito titoli(10%) e collaterale(105,2%)] mmmmm 0,36 0,38 155.938 20,57Lyxor EtfStx Europe Select Dividend 30(FR0010378604)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,74 153.611 6,17Amundi EtfMsciNordic (FR0010655738)[SinteticaUnfunded:basketsostitutivo (100,17%)Swap (-0,17%)] mmmmm 0,25 0,21 148.676 21,85Ubs-EtfEuro Stoxx 50 A (LU0136234068)[FisicaCompleta:prestito titoli(13%) ecollaterale (105,1%)] mmmmm 0,36 0,24 131.091 26,60DbX-Trackers Stoxx 600Basic Resources (LU0292100806)[SinteticaFunded:con Swap(100%)(collaterale110,97%)] mmmmm 0,30 0,34 128.834 -12,94Lyxor EtfStoxx Eu 600Automobiles&Parts (FR0010344630)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 1,08 127.265 38,90DbX-Trackers Stoxx600 Banks Short Daily (LU0322249037)[SinteticaFunded:con Swap(100%)(collaterale120,27%)] mmmmm 0,50 0,34 126.399 -29,62Amundi EtfS&PEurope 350 Fund(IE0031091428)[FisicaCompleta:prestito titoli(max 25%)e collaterale (110%)] mmmmm 0,35 0,66 121.455 20,39DbX-Trackers Stoxx 600Food & Beverage (LU0292105359)[SinteticaFunded:con Swap(100%)(collaterale110,06%)] mmmmm 0,30 0,64 120.395 19,06IsharesEuro StoxxMid (IE00B02KXL92)[FisicaCompleta:prestito titoli(14,84%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,21 120.254 28,78DbX-Trackers Stoxx 600Health Care Etf(LU0292103222)[SinteticaFunded:con Swap(100%)(collaterale110,11%)] mmmmm 0,30 0,77 116.656 24,42Spdr MsciEurope Etf (FR0000001885)[FisicaCompleta:prestito titoli(12,09%) e collaterale (105,13%)] mmmmm 0,30 0,49 115.203 20,34Lyxor EtfStx Eu 600 FinancialServices (FR0010345363)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,29 111.439 36,20Ubs-EtfEuro Stoxx 50 I (LU0155367302)[FisicaCompleta:prestito titoli(13%) ecollaterale (105,1%)] mmmmm 0,16 0,25 107.445 26,83DbX-Trackers Euro Stoxx50 Etf(1D) (LU0274211217)[SinteticaUnfunded:basketsostitutivo (99,76%) Swap(0,24%)] mmmmm - 0,18 107.328 26,40Amundi EtfMsciGermany (FR0010655712)[SinteticaUnfunded:basketsostitutivo (99,94%)Swap (0,06%)] mmmmm 0,25 0,17 107.276 29,27Amundi EtfLeveragedMsci Europe Daily (FR0010756080)[SinteticaUnfunded:basketsostitutivo (99,83%) Swap(0,17%)] mmmmm 0,35 0,79 106.394 41,58IsharesStoxxEurope Select Dividend 30 (DE0002635299)[FisicaCompleta] mmmmm 0,32 0,49 105.025 6,19Lyxor EtfStoxx Europe 600Insurance (FR0010344903)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,22 104.306 43,04Lyxor EtfStx Eu 600 IndusGood&Services (FR0010344887)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 1,41 102.216 27,96Amundi EtfShort DowJones Euro Stoxx50 (FR0010757781)[SinteticaUnfunded:basketsostitutivo (99,78%) Swap(0,22%)] mmmmm 0,30 0,20 101.970 -24,56DbX-Trackers Euro Stoxx50 Etf(1C) (LU0380865021)[SinteticaUnfunded:basketsostitutivo (99,76%) Swap(0,24%)] mmmmm - 0,67 101.588 26,53DbX-Trackers Stoxx 600Telecommunicat (LU0292104030)[SinteticaFunded:con Swap(100%)(collaterale110,97%)] mmmmm 0,30 0,68 97.911 4,23Lyxor EtfFtse 100 (FR0010438127)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,17 96.848 10,81IsharesEurostoxxTotal MktGrowth Large (IE00B0M62V02)[FisicaCompleta:prestito titoli(3,95%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,21 91.984 29,87Lyxor EtfStx Eu 600 Travel& Leisure (FR0010344838)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,30 85.557 34,80Amundi EtfMsciEmu (FR0010655688)[SinteticaUnfunded:basketsostitutivo (100,01%) Swap(-0,01%)] mmmmm 0,25 0,50 83.310 26,56Spdr MsciEurope Financials Etf (FR0000001703)[FisicaCompleta:prestito titoli(11,01%) e collaterale(105,3%)] mmmmm 0,30 0,51 81.752 34,51Lyxor EtfMsciEmu Growth (FR0010168765)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,18 80.391 26,57Lyxor EtfStx Eu 600 Personal&Household(FR0010344978)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 1,17 78.617 23,24DbX-Trackers Shortdax X2 Daily Etf(LU0411075020)[SinteticaFunded:con Swap(100%)(collaterale120,27%)] mmmmm 0,60 0,89 76.525 -45,44Amundi EtfMsciEurope (FR0010655696)





[SinteticaUnfunded:basketsostitutivo (100,05%)Swap(-0,05%)] mmmmm 0,28 0,46 73.647 20,41IsharesFtse Uk DividendPlus (IE00B0M63060)[FisicaCompleta:prestito titoli(4,72%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,50 73.039 19,77Amundi EtfCac 40(FR0007080973)[FisicaCompleta:prestito titoli(max 25%)e collaterale (110%)] mmmmm 0,25 0,28 72.597 27,80Lyxor EtfMsciEmu Value (FR0010168781)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,42 69.577 26,58Lyxor EtfStoxx Europe 600Retail (FR0010344986)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,22 66.164 22,76Lyxor EtfMsciEmu (FR0007085501)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,35 0,93 65.419 26,47CsEtf (Ie)MsciEurope (IE00B53QFR17)[FisicaCompleta:prestito titoli(6.90%) e collaterale (112.20%)] mmmmm 0,33 0,31 64.988 20,20IsharesEuro StoxxSmall (IE00B02KXM00)[FisicaCompleta:prestito titoli(19,34%) e collaterale (102,5%-112%)] mmmmm 0,40 0,53 60.714 21,95CsEtf (Ie)MsciEmu (IE00B53QG562)[FisicaCompleta:prestito titoli(14.80%) ecollaterale (112.00%)] mmmmm 0,33 0,21 58.882 26,37DbX-Trackers Stoxx 600Insurance Etf(LU0292105193)[SinteticaFunded:con Swap(100%)(collaterale115,55%)] mmmmm 0,30 0,63 53.425 42,64CsEtf (Ie)MsciEmu Small Cap(B)(IE00B3VWMM18)[FisicaaCampione:prestito titoli(13.80%) e collaterale( 110.40%)] mmmmm 0,58 0,39 52.959 31,25DbX-Trackers Cac 40Short Daily Etf (LU0322251280)[SinteticaUnfunded:basketsostitutivo (99,65%)Swap (0,35%)] mmmmm 0,40 0,14 51.480 -25,57Lyxor EtfStx Eu 600 Construct&Materials(FR0010345504)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,74 50.432 26,65IsharesMsciEurope (Acc) (IE00B4K48X80)[FisicaCompleta:prestito titoli(1,12%)e collaterale (102,5%-112%)] mmmmm 0,35 0,26 48.549 20,29CsEtf (Lux)MsciEmu Large Cap (LU0154139132)[FisicaCompleta:prestito titoli(14.1%) ecollaterale (105%)] mmmmm 0,54 0,22 48.234 25,87Lyxor EtfMsciEmu Small Cap (FR0010168773)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,97 44.824 30,87DbX-Trackers Euro Stoxx50 Lev Daily Etf(LU0411077828)[SinteticaFunded:con Swap(100%)(collaterale120,18%)] mmmmm 0,35 0,79 44.269 52,08Ubs-EtfMsci Europe I (LU0446734286)[FisicaCompleta:prestito titoli(10%) e collaterale(105,2%)] mmmmm 0,24 0,36 43.679 20,77PowersharesFtse Rafi Switzerland Fund(IE00B23LNR19)[FisicaCompleta] mmmmm 0,75 0,32 42.954 28,05IsharesFtse Epra/NareitUk Property(IE00B1TXLS18)[FisicaCompleta:prestito titoli(1,76%)e collaterale (102,5%-112%)] mmmmm 0,40 0,56 41.215 21,10DbX-Trackers MsciEurope MidCap Etf(LU0322253732)[SinteticaFunded:con Swap(100%)(collaterale111%)] mmmmm 0,40 0,36 39.270 24,36DbX-Trackers Stoxx 600Industrial Goods (LU0292106084)[SinteticaFunded:con Swap(100%)(collaterale110,95%)] mmmmm 0,30 0,62 39.197 27,55UBS-ETFFTSE 100I (LU0446735176)[FisicaCompleta:prestito titoli(6%) e collaterale(105,4%)] mmmmm 0,23 0,54 36.634 -Amundi EtfMsciEurope Healthcare (FR0010688192)[SinteticaUnfunded:basketsostitutivo (99,92%) Swap(0,08%)] mmmmm 0,25 0,51 34.054 27,51IsharesEurostoxxTotal MktValue Large (IE00B0M62T89)[FisicaCompleta:prestito titoli(4,72%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,41 31.709 23,85giapponeCsEtf (Ie)MsciJapan (IE00B53QDK08)[FisicaCompleta:prestito titoli(26.60%) ecollaterale (114.10%)] mmmmm 0,48 0,92 190.735 20,66CsEtf (Ie)Nikkei225 (IE00B52MJD48)[FisicaCompleta] mmmmm 0,48 0,64 94.719 20,87IsharesMsciJapan (Acc) (IE00B4L5YX21)[FisicaaCampione] mmmmm 0,59 0,40 93.004 20,58CsEtf (Ie)MsciJapan Large Cap(B) (IE00B3VWM213)[FisicaCompleta] mmmmm 0,48 1,08 78.752 20,61CsEtf (Ie)MsciJapan Small Cap (B)(IE00B3VWMK93)[FisicaaCampione] mmmmm 0,58 1,25 65.247 14,88DbX-Trackers Nikkei 225 Ucits Etf(Dr) (LU0839027447)[FisicaCompleta:prestito titoli(1,06%) ecollaterale (107,68%)] mmmmm 0,50 0,91 37.900 -globaleAmundi EtfMsciWorld (FR0010756098)[SinteticaUnfunded:basketsostitutivo (100,08%)Swap (-0,08%)] mmmmm 0,38 0,50 177.697 16,96Lyxor EtfMsciWorld HealthCare (LU0533033238)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,63 164.925 24,51Etfx DaxglobalGold Mining Fund(IE00B3CNHG25)[SinteticaUnfunded:basketsostitutivo (108%) Swap(100%)] mmmmm 0,65 0,78 158.643 -46,96Rbs MarketAccess Nyse Arca Gold Bugs (LU0259322260)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale103,25%)] mmmmm 0,70 1,01 141.835 -46,54DbX-Trackers MsciWorld HealthCare Trn (LU0540980223)[SinteticaFunded:con Swap(100%)(collaterale120,11%)] mmmmm 0,45 0,70 128.035 24,06Lyxor EtfMsciWorld RealEstate (FR0010833574)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,59 85.755 12,59Lyxor EtfDj GlobalTitans 50 (FR0007075494)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,67 85.440 12,07Lyxor EtfNew Energy (FR0010524777)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,82 82.057 10,24Lyxor EtfMsciAll Country World(FR0011079466)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,88 73.242 14,43Lyxor EtfWorldWater (FR0010527275)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,63 71.117 14,89Lyxor EtfPrivex (FR0010407197)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,70 0,72 69.112 39,45





DbX-Trackers Lpx Mm PrivateEquity Etf(LU0322250712)[SinteticaFunded:con Swap(100%)(collaterale115,38%)] mmmmm 0,70 2,32 64.928 38,52IsharesS&PGlobal CleanEnergy(IE00B1XNHC34)[FisicaCompleta:prestito titoli(22,49%) e collaterale(102,5%-112%)] mmmmm 0,65 0,59 64.419 19,88Amundi EtfMsciWorld ExEmu (FR0010756114)[SinteticaUnfunded:basketsostitutivo (100,33%) Swap(-0,33%)] mmmmm 0,35 0,55 58.281 15,75IsharesS&PGlobal Water (IE00B1TXK627)[FisicaCompleta:prestito titoli(8,88%) ecollaterale (102,5%-112%)] mmmmm 0,65 0,57 53.706 14,55Lyxor EtfMsciWorld Consumer Staples(LU0533032263)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,59 51.602 16,24Lyxor EtfMsciWorld Consumer Discretion(LU0533032008)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 1,21 50.506 26,67Spdr MsciAcwi ImiEtf (IE00B3YLTY66)[FisicaaCampione] mmmmm 0,55 0,95 45.115 15,38IsharesS&PTimber & Forestry (IE00B27YCF74)[FisicaCompleta] mmmmm 0,65 0,71 44.505 21,49DbX-Trackers MsciWorld Cons Stap Trn (LU0540980066)[SinteticaFunded:con Swap(100%)(collaterale120,11%)] mmmmm 0,45 0,97 34.752 16,24nord americaDbX-Trackers MsciUsa TrnIndex Etf(LU0274210672)[SinteticaFunded:con Swap(100%)(collaterale122,54%)] mmmmm 0,30 0,57 197.051 16,97DbX-Trackers S&P500 2XLev Daily Etf (LU0411078552)[SinteticaFunded:con Swap(100%)(collaterale120,29%)] mmmmm 0,60 0,86 192.166 41,60IsharesDowJones U.S. Select Dividend (DE000A0D8Q49)[FisicaCompleta] mmmmm 0,32 0,48 190.372 12,49Amundi EtfLeveragedMsci UsaDaily (FR0010755611)[SinteticaUnfunded:basketsostitutivo (100,86%)Swap (-0,86%)] mmmmm 0,35 0,72 189.198 33,85IsharesS&P500 (Acc)(IE00B4L5ZD99)[FisicaCompleta] mmmmm 0,40 0,21 188.276 20,95Rbs MarketAccess S&P 500Eur Hedged (LU0562681899)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale100,27%)] mmmmm 0,30 0,86 167.523 22,50Lyxor EtfMsciUsa (FR0010296061)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,35 0,07 152.857 17,07DbX-Trackers Russell 2000Etf(LU0322248658)[SinteticaFunded:con Swap(100%)(collaterale115,17%)] mmmmm 0,45 0,52 152.322 21,22DbX-Trackers S&P500Eur Hedged Etf (3C) (LU0490619193)[SinteticaFunded:con Swap(100%)(collaterale110,08%)] mmmmm 0,30 0,24 138.711 22,72Ubs-EtfMsci Canada A (LU0446734872)[FisicaCompleta:prestito titoli(28%) ecollaterale (105,1%)] mmmmm 0,51 0,37 129.832 1,90Spdr S&P500 Etf(IE00B6YX5C33)[FisicaCompleta] mmmmm 0,15 0,35 129.783 17,17Amundi EtfNasdaq 100(FR0010892216)[SinteticaUnfunded:basketsostitutivo (100,34%)Swap (-0,34%)] mmmmm 0,23 0,23 121.148 9,30CsEtf (Ie)MsciCanada (IE00B52SF786)[FisicaCompleta:prestito titoli(29.6%) e collaterale (112.30%)] mmmmm 0,48 0,38 106.334 2,06CsEtf (Ie)Dow JonesInd Average (IE00B53L4350)[FisicaCompleta] mmmmm 0,33 0,55 79.215 14,98Lyxor EtfFtse Epra/Nareit UnitedStates (FR0010833566)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,18 78.276 5,95Ubs-EtfMsci Canada I (LU0446734955)[FisicaCompleta:prestito titoli(28%) ecollaterale (105,1%)] mmmmm 0,34 0,36 72.763 2,18PowersharesFtse Rafi Us 1000 Fund(IE00B23D8S39)[FisicaCompleta] mmmmm 0,39 0,30 70.172 22,92Amundi EtfShort MsciUsa Daily (FR0010791194)[SinteticaUnfunded:basketsostitutivo (99,54%) Swap(0,46%)] mmmmm 0,35 0,26 69.193 -16,98CsEtf (Ie)MsciUsa Small Cap(B) (IE00B3VWM098)[FisicaaCampione] mmmmm 0,43 0,62 55.160 21,98Amundi EtfS&P500 Eur Hedged Daily (FR0011133644)[SinteticaUnfunded:basketsostitutivo (100,58%) Swap(-0,58%)] mmmmm 0,28 0,35 53.241 23,01Lyxor EtfS&P500 CappedTechnology (FR0011192806)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 1,43 42.500 6,21CsEtf (Ie)MsciUsa Large Cap(B) (IE00B3VWLJ14)[FisicaCompleta] mmmmm 0,33 0,50 40.225 16,10PowersharesDynamic Us MarketFund (IE00B23D9240)[FisicaCompleta] mmmmm 0,75 0,25 39.116 23,60Lyxor EtfFtse Rafi Us 1000 (FR0010400804)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,43 35.902 22,92Lyxor EtfCanada (LU0496786731)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,93 34.776 1,99Lyxor EtfS&P500 CappedFinancials (FR0011192723)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 0,41 31.662 31,57OBBLIGAZIONARIOcdsDbX-Trackers Ii Itrx Crossover5-Y Etf(LU0290359032)[SinteticaUnfunded:basketsostitutivo (101,97%)Swap (-1,97%)] mmmmm 0,24 0,36 49.519 19,34debitoalto rendimentoSpdr BarcapEuro High Yield Bond Etf(IE00B6YX5M31)[FisicaaCampione] mmmmm 0,45 0,36 56.401 15,35debitogovernativoAmundi EtfGovt Low Rate EuromtsInv Gr (FR0010892190)[SinteticaUnfunded:basketsostitutivo (101,01%)Swap (-1,01%)] mmmmm 0,14 0,17 187.614 16,40DbX-Trackers Ii IbxEur Germany (1D) (LU0468896575)[SinteticaUnfunded:basketsostitutivo (100,05%)Swap(-0,05%)] mmmmm 0,15 0,10 161.389 0,99IsharesFtse Uk AllStocks Gilt(IE00B1FZSB30)[FisicaaCampione:prestito titoli(7,52%) ecollaterale (102,5%-112%)] mmmmm 0,20 0,17 155.568 -6,35





DbX-Trackers Ii Glob SovereignEtf (1C) (LU0378818131)[SinteticaUnfunded:basketsostitutivo (95,78%) Swap(4,22%)] mmmmm 0,25 0,37 154.851 1,43DbX-Trackers Ii IbxSov Euroz 1-3(1C) (LU0290356871)[SinteticaUnfunded:basketsostitutivo (100,01%) Swap(-0,01%)] mmmmm 0,15 0,07 147.670 3,59Lyxor EtfEuromts 10-15YInv Grade (FR0010037242)[FisicaCompleta] mmmmm 0,17 0,09 147.306 15,40IsharesBarcapEuro Treasury Bond (IE00B4WXJJ64)[FisicaaCampione] mmmmm 0,20 0,11 107.525 8,61Lyxor EtfDaily Leveraged Bund(FR0011023654)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,05 106.809 5,24dbx-trackers IIMTS x-BnktalyBTP 1D (LU0613540185)[SinteticaUnfunded:basketsostitutivo (100,81%) Swap(-0,81%)] mmmmm 0,20 0,39 92.673 15,46DbX-Trackers Ii IbxSover Euroz (1C) (LU0290355717)[SinteticaUnfunded:basketsostitutivo (99,07%) Swap(0,93%)] mmmmm 0,15 0,33 86.407 8,53Lyxor EtfEumts Aaa MacroweightGov Bond (FR0010820258)[FisicaCompleta] mmmmm 0,17 0,06 75.859 2,87DbX-Trackers Ii Iboxx Sover Euroz 7-10(LU0290357259)[SinteticaUnfunded:basketsostitutivo (96,36%) Swap(3,64%)] mmmmm 0,15 0,24 73.058 11,18Amundi EtfGov High RateEumts Invgr 1-3(FR0011161215)[SinteticaUnfunded:basketsostitutivo (101,3%)Swap (-1,3%)] mmmmm 0,14 0,09 67.843 0,30IsharesBarcapEur Government Bond 10-15 (IE00B4WXJH41)[FisicaCompleta] mmmmm 0,20 0,14 52.410 14,32Amundi EtfGov Bond Euromts Broad Inv Gr(FR0010754192)[SinteticaUnfunded:basketsostitutivo (101,1%) Swap(-1,1%)] mmmmm 0,14 0,16 45.513 8,64Amundi EtfGovt Bond Euromts 1-3Inv Gr(FR0010754135)[SinteticaUnfunded:basketsostitutivo (101,28%) Swap(-1,28%)] mmmmm 0,14 0,09 44.459 3,48Lyxor Etf Iboxx $ Treasuries 1-3Y (FR0010960955)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,20 44.345 -5,16Lyxor EtfEumts Aaa Macro-Weigh Gov 3-5Y(FR0011146349)[FisicaCompleta] mmmmm 0,17 0,09 39.345 1,88DbX-Trackers Ii Short Iboxx Sover Euroz (LU0321463258)[SinteticaUnfunded:basketsostitutivo (95,6%)Swap (4,4%)] mmmmm 0,15 0,30 35.451 -8,40Lyxor EtfEumts Aaa Macro-Weigh Gov 1-3Y (FR0011146315)[FisicaCompleta] mmmmm 0,17 0,07 31.199 0,29debitosocietarioAmundi EtfEuro Corporates (FR0010754119)[SinteticaUnfunded:basketsostitutivo (101,09%) Swap(-1,09%)] mmmmm 0,16 0,14 132.668 6,32DbX-Trackers Ii Eur LiqCorporate 100 (LU0478205379)[SinteticaUnfunded:basketsostitutivo (95%) Swap(5%)] mmmmm 0,20 0,28 77.414 5,67Amundi EtfEuro CorpFinancials Iboxx (FR0011020957)[SinteticaUnfunded:basketsostitutivo (101,2%)Swap (-1,2%)] mmmmm 0,16 0,15 63.243 7,49IsharesEb.Rexx JumboPfandbriefe (DE0002635265)[FisicaCompleta] mmmmm 0,10 0,22 35.064 1,89emergenteAmundi EtfGlobalEmerg Bond Markitiboxx (FR0010959668)[SinteticaUnfunded:basketsostitutivo (105,49%) Swap(-5,49%)] mmmmm 0,30 0,51 158.435 -3,20SPDR BofA Merrill LynchEM CorpBd ETF (IE00B7LFXY77) mmmmm 0,50 0,63 111.405 -SPDR CitiAsia LocalGovernmentBond ETF (IE00B7GBL799) mmmmm 0,50 1,33 33.113 -inflazioneIshares$Tips (IE00B1FZSC47)[FisicaCompleta:prestito titoli(ND) ecollaterale (102,5%-112%)] mmmmm 0,25 0,18 117.915 -8,82DbX-Trackers Ii Eur Inflation Swap5 Y (LU0426245436)[SinteticaUnfunded:basketsostitutivo (102,88%)Swap (-2,88%)] mmmmm 0,20 0,27 108.347 -0,11Amundi EtfEuro Inflation(FR0010754127)[SinteticaUnfunded:basketsostitutivo (101,38%)Swap (-1,38%)] mmmmm 0,16 0,17 74.974 9,52DbX-Trackers Ii IbxEuro Inflation-Link (LU0290358224)[SinteticaUnfunded:basketsostitutivo (103,6%) Swap(-3,6%)] mmmmm 0,20 0,40 63.940 10,03MATERIE PRIMEagricolturaEtfsLeveragedSugar (JE00B2NFTW01)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 1,03 1,06 120.652 -44,16EtfsLeveragedCotton (JE00B2NFTH59)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 1,03 1,93 80.000 14,56EtfsLeveragedCorn (JE00B2NFTG43)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 1,03 0,80 72.068 24,18EtfsLeveragedCocoa (JE00B2NFV803)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 1,03 1,81 68.022 -16,40EtfsShort Wheat(JE00B24DKR51)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 1,03 0,51 40.175 -13,94cerealiEtfsCorn (GB00B15KXS04)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,26 178.056 13,64EtfsWheat(GB00B15KY765)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,44 153.190 -6,11EtfsSoybeans (GB00B15KY542)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,32 90.432 4,56diversificatoLyxor EtfCommoditiesCrb Ex-Energy (FR0010346205)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,35 0,25 135.511 -9,93EtfsShort AllCommodities Dj-Ubsci(JE00B24DKT75)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 1,03 0,24 64.148 -8,50EtfsAllCommodities Dj-Ubsci (GB00B15KY989)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,44 51.028 -5,77





energiaEtfsBrent 1Mth Securities (GB00B0CTWC01)[SinteticaFunded:con Swap(100%)] mmmmm 0,49 0,40 70.839 11,33DbBrent CrudeBooster Etc (Eur) (DE000A1KYN55)[SinteticaFunded:con Swap(100%)(collaterale114%)] mmmmm 0,45 0,23 43.941 9,34metalli industrialiEtfsLeveragedCopper (JE00B2NFTF36)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 1,03 0,59 197.616 -28,80EtfsCopper (GB00B15KXQ89)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,25 170.449 -16,08EtfsAluminium(GB00B15KXN58)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,57 93.008 -16,89EtfsIndustrial Metals Dj-Ubsci (GB00B15KYG56)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,53 76.092 -16,88EtfsZinc (GB00B15KY872)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,79 55.635 -12,73EtfsLeveragedAluminium (JE00B2NFTC05)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 1,03 0,96 50.676 -30,33EtfsNickel (GB00B15KY211)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,83 50.602 -23,26Amundi EtfCommoditiesS&P Gsci Metals (FR0010821744)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,39 34.335 -18,23metallipreziosiDbPhysical Silver EuroHedged Etc (DE000A1EK0J7)[FisicaCompleta] mmmmm 0,75 0,91 123.842 -25,38ETFS Physical SwissGold ETC (JE00B588CD74)[FisicaCompleta] mmmmm 0,39 0,97 121.124 -20,27EtfsPhysical Platinum (JE00B1VS2W53)[FisicaCompleta] mmmmm 0,49 0,65 117.368 -9,15EtfsPrecious Metals Dj-Ubsci (GB00B15KYF40)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,75 79.021 -23,64Lyxor Etn Gold (XS0416722857)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,30 75.519 -20,54DbPhysical Platinum Euro Hedged Etc (DE000A1EK0H1)[FisicaCompleta] mmmmm 0,75 2,06 53.143 -3,75EtfsSilver(GB00B15KY328)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,97 48.997 -29,59EtfsLeveragedPrecious Metals Dj-Ubsci (JE00B2NFV795)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 1,03 1,32 41.369 -41,22EtfsPhysical Pm Basket (JE00B1VS3W29)[FisicaCompleta] mmmmm 0,44 0,80 40.861 -18,64DbMonthlyShort Gold Eur Hedged Etc (DE000A1AQGZ6)[SinteticaFunded:con Swap(100%)(collaterale120%)] mmmmm 0,45 0,32 38.879 15,15EtfsLeveragedPlatinum (JE00B2NFV134)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 1,03 0,98 36.867 -19,24Lyxor Etn Short Gold (XS0416711736)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,85 35.352 8,81softsEtfsCotton (GB00B15KXT11)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,98 104.510 7,33EtfsSugar (GB00B15KY658)[SinteticaFunded:con Swap(100%)(collaterale103%)] mmmmm 0,49 0,52 68.790 -25,10EtfsEur Daily Hedged Coffee (JE00B6TK3K31)[SinteticaFunded:con Swap(100%)(collaterale108%)] mmmmm 0,49 0,90 35.374 -




Plus24-IlSole24Ore 22GIUGNO &numeri indici

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