Plus24-IlSole24Ore 26OTTOBRE &numeri indici

reddito fisso

analisi titoli rncl’hit parade

Australia 2,63 3,39 4,06 3,15 3,98Gr. Bretagna 0,50 0,55 2,61 1,83 3,18Canada 0,90 1,00 2,43 1,85 3,19Danimarca 0,27 0,34 1,91 1,38 1,91Svezia 0,80 0,90 2,37 1,63 2,37Giappone 0,10 0,14 0,61 0,78 0,50Svizzera 0,02 0,04 1,01 0,50 1,01Usa 0,04 4,76 2,48 1,76 3,18Area euro 0,22 0,20 1,77 1,59 1,77

RENDIMENTI EFFETTIVI LORDIpaesi mercatomonet. obbl.governative obblig.

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

B.caIntesa 1,495 3,34 -17,86B.coDesio 2,130 5,92 -8,58B.coSardegna 9,250 1,88 —Banca Carige 1,152 7,59 n,s.Buzzi Unicem 7,200 0,69 -45,54Danieli 15,300 2,29 -33,48Edison 0,971 15,46 —Gemina 1,778 — -1,22Impregilo 12,940 2,01 n,s.Indesit Compani 6,090 4,07 -18,80Intek Group 0,429 — 42,39Intek Groupnew 0,429 — 42,39Italcementi 3,382 5,51 -46,91Italmobiliare 13,240 — -39,54La Fondiaria-Sai 140,400 — n,s.Milano Ass. 0,895 — 44,27Montefibre 0,165 — n,s.Pirelli &c 7,940 4,28 -25,16RCSMediagroup 0,760 — n,s.SaesGetters 6,690 9,97 -8,36Seat Pagine Gialle 0,610 — n,s.Stefanel 146,000 — n,s.TelecomItalia 0,554 5,60 -22,91TelecomItalia Media 0,200 — 30,55Unicredito 8,070 — 49,03Zucchi 0,190 — n,s.

indici& numeriImigliori1 Venezuela(Ibc) 178,562 Argentina (BuseMerval) 52,363 AbuDhabi (AbuDhabi Se) 47,614 Grecia(AthensGeneral) 29,355 Irlanda(Irish Se) 28,15

Ipeggiori1 Perù(LimaGeneral) -30,632 Cipro(CyprusMain Idx) -20,683 Brasile(BrspBovespa) -19,624 Cile(SaseSelect) -17,565 Turchia(Ise National-100) -13,12

FONDI ITALIANIindice performance

a1 mese a1 anno a3 anni

fonte:elaborazioneUfficioStudideIlSole-24Ore

Imigliori1 Spagna 10,352 Argentina 10,143 Irlanda 10,114 Portogallo 7,335 Italia 6,28

Ipeggiori1 Venezuela -13,662 Giappone -12,653 Brasile -12,594 Australia -11,285 Norvegia -11,23

AZIONARIOrendimenti in euro dal28/12/12 al24/10/13

paese rend paese rend

Generale 1,04 4,06 8,76Azionari 2,26 12,92 12,92Bilanciati 1,47 7,33 12,33Obbligazionari 0,86 2,63 9,05Monetari 0,11 0,88 3,76Flessibili 1,24 6,23 8,09

fonte:Thomson ReutersDatastream

fonte:Thomson ReutersDatastream

Fonte:elaborazioneUfficioStudideIlSole-24Ore

fonte:elaborazioneUfficioStudidelSole-24Ore

OBBLIGAZIONARIOrendimenti in euro dal28/12/12 al24/10/13

paese rend paese rend

titolo prezzo div/p% sconto%

Plus24 - Il Sole 24 Ore SABATO 26 OTTOBRE 20131 N. 584

previsione sulle economie

Argentina 10,5 09-13 8,7 11,3 +2,0 +23,0 +1,1 0,2 — —Australia 2,2 09-13 2,7 2,6 +2,6 +12,3 +0,3 1,6 2,6 3,6Austria 1,8 08-13 2,1 1,9 +1,5 +17,2 +1,5 1,0 0,1 1,8Belgio 0,9 09-13 2,3 1,7 +0,8 +14,6 +1,8 1,9 0,1 2,2Brasile 5,7 09-13 5,7 5,7 +2,6 +21,0 — 0,8 — —Canada 1,1 09-13 1,8 1,8 +2,3 +14,1 +1,1 1,5 1,1 3,1Cile 2,0 09-13 3,6 2,9 +4,2 +10,8 +15,6 — 4,5 —Cina 3,1 09-13 3,1 3,0 +7,4 +15,7 +0,7 0,7 — —Corea 0,8 09-13 3,0 2,6 +3,4 +24,0 — 0,6 3,0 3,0Danimarca 0,5 09-13 2,0 1,8 +1,4 +23,8 +9,8 1,1 0,1 1,4Filippine 2,7 09-13 4,6 3,8 +6,1 +10,2 +1,4 1,2 — —Finlandia 1,3 08-13 1,8 2,1 +1,3 +22,4 +0,5 2,4 0,1 1,7Francia 0,9 09-13 1,7 1,5 +0,8 +12,4 +2,3 1,5 0,3 2,6Germania 1,4 09-13 1,7 1,8 +1,7 +11,5 +2,6 1,6 0,4 2,1Giappone 0,9 08-13 -0,1 2,2 +1,7 +26,5 +86,5 1,0 0,2 1,0HongK. 6,9 07-13 2,2 3,8 +3,6 +10,5 +1,0 1,0 0,5 —India 10,8 08-13 7,4 7,6 +5,9 +17,0 +19,4 0,8 7,3 —Indonesia 8,4 09-13 7,1 6,4 +5,9 +15,6 +189,0 1,2 6,3 —Irlanda 0,2 09-13 1,8 1,3 +1,8 — +0,0 3,1 0,1 4,3Italia 0,9 09-13 2,1 1,6 +0,5 +28,7 +0,3 1,6 0,3 4,3Malaysia 1,9 08-13 2,4 2,7 +5,1 +12,7 +0,3 1,5 3,5 —Messico 3,4 09-13 4,2 3,9 +3,6 — +1,9 1,3 4,0 5,3N.Zelanda 1,4 09-13 2,6 2,1 +3,1 +10,5 +0,2 1,5 3,5 3,7Norvegia 2,8 09-13 1,7 1,8 +2,7 +14,8 +4,7 1,2 1,9 3,0Olanda 2,5 09-13 1,8 1,8 +0,3 +13,7 +1,4 1,1 0,4 2,6Russia 6,1 09-13 10,2 5,5 +2,6 +0,8 +0,1 -2,0 — —Singapore 1,6 09-13 2,6 2,9 +3,7 +10,0 +0,2 1,3 0,5 —Spagna 0,3 09-13 2,6 1,3 +0,5 — +0,5 0,7 0,4 4,6Sudafrica 6,4 08-13 5,5 5,8 +3,1 +11,4 +4,7 0,9 — —Svezia 0,1 09-13 1,3 1,3 +2,6 +14,3 +6,0 1,4 1,4 2,8Svizzera -0,1 09-13 0,6 0,6 +1,9 +10,8 +2,5 1,5 0,1 1,4Taiwan 0,8 10-13 1,4 1,8 +3,7 +18,3 +2,9 1,0 1,2 —Thailandia 1,4 09-13 3,1 2,9 +4,5 +15,6 +1,8 1,0 2,9 —UK 3,1 09-13 3,3 3,0 +2,1 +9,0 +27,9 1,3 0,6 2,9Usa 1,5 08-13 2,4 1,9 +2,7 +12,4 +2,6 1,3 0,2 3,3

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 26 OTTOBRE 2013 Plus24 - Il Sole 24 OreN. 584 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.

88SalSonovaHld(Ch) 114,50 24,74 89PbuDistribuidora Inte Alim(E) 6,86 24,57 90PbuJMartins Sgps(P) 14,35 24,56 91MatHeidelbergcement(D) 57,74 24,45 92InfEads(Nl) 48,47 24,43 93PbuKuehne&Nagel(Ch) 112,00 24,23 94IndSymriseAg(D) 32,11 24,20 95IndVallourec(F) 42,74 24,18 96PbuIntertekGroup(Gb) 3210,00 24,14 97PbuBureau Veritas(F) 21,55 24,07 98FinHammerson(Gb) 522,50 24,04 99IndGeberit N1(Ch) 238,40 23,93 100BvoAccor(F) 32,30 23,93 101TelTelecity(Gb) 796,50 23,92 102BpnRemy Cointreau(F) 73,50 23,90 103FinHufvudstaden(S) 82,35 23,85 104IndSika(Ch) 2655,00 23,81 105IndTaylorWimpey(Gb) 111,60 23,68 106FinDeutscheWohnen(D) 13,13 23,62 107MatCRH(Irl) 18,17 23,35 108FinDanskeBank(Dk) 123,30 23,32 109InfIngenico(F) 53,27 23,28 110BvoPaddyPower(Irl) 56,30 23,19 111BpnGivaudan(Ch) 1250,00 22,99 112PbuAer.de Paris(F) 79,05 22,84 113BpnAssoc.Br.Foods(Gb) 2014,00 22,79 114TelWincorNixdorf(D) 47,24 22,62 115PbuExperian(Gb) 1164,00 22,52 116BpnAdidas(D) 81,63 22,48 117IndAmerSports(Fl) 14,93 22,47 118SalUcb(B) 45,76 22,43 119IndBellway(Gb) 1505,00 22,27 120FinPartnersHld(Ch) 225,40 22,24 121EneTullow Oil(Gb) 981,50 22,00 122BpnCampari(I) 6,45 21,94 123IndHexagon(S) 177,10 21,90 124IndSpirax-Sarco(Gb) 2897,00 21,81 125EneNeste Oil(Fl) 15,55 21,77 126PbuFraport(D) 55,21 21,75 127MatLafarge(F) 49,13 21,73 128PbuHays(Gb) 120,30 21,72 129BpnAbInbev(B) 73,75 21,67 130MatHolcim(Ch) 64,40 21,67 131TelInmarsat(Gb) 722,00 21,67 132FinPSPSwiss(Ch) 78,10 21,56 133PbuHowden Join(Gb) 315,60 21,54 134PbuAdecco(Ch) 65,35 21,51 135TelTelefonicaD. Hld(D) 5,84 21,49 136IndKoninklijke Dsm(Nl) 53,66 21,44 137BpnBritvic(Gb) 607,50 21,40 138IndPersimmon(Gb) 1210,00 21,37 139EneFuchsPetro Vz(D) 60,66 21,36 140IndAssaAbloy B(S) 298,10 21,36 141IndRichemontI(Ch) 90,95 21,33 142BvoWhitbread(Gb) 3274,00 21,33

143InfZodiac Aer.(F) 116,85 21,28 144PbuSodexo(F) 70,22 21,12 145BpnBurberry Grp(Gb) 1503,00 21,11 146PbuHugo Boss(D) 94,70 21,10 147BvoLagardereS.C.A.(F) 25,50 21,07 148TelAmadeus(E) 26,04 21,05 149BpnSabmiller(Gb) 3167,00 20,93 150BvoItv(Gb) 195,10 20,88 151BpnHenkelPref.(D) 74,01 20,86 152InfSafran(F) 44,45 20,79 153PbuEasyjet(Gb) 1328,00 20,77 154PbuRandstad(Nl) 41,46 20,77 155PbuEnelGreen Power(I) 1,72 20,73 156IndSuez Env(F) 12,48 20,71 157IndLegrand(F) 40,14 20,69 158BvoIntercontHote(Gb) 1830,00 20,69 159IndSchindler-Hld(Ch) 122,10 20,67 160IndFiat(I) 6,00 20,64 161FinJulius Baer(Ch) 43,79 20,56 162IndHusqvarna(S) 41,91 20,52 163TelTelekom Aust(A) 6,36 20,51 164BpnDiageo(Gb) 1954,00 20,50 165PbuLvmh(F) 138,05 20,48 166FinAshtead(Gb) 656,50 20,45 167PbuAbertis(E) 15,76 20,42 168BvoProsiebensat1(D) 34,00 20,40 169PbuCarrefour(F) 27,64 20,35 170FinUnibail Rodamco(F) 190,60 20,26 171BvoCompass Group(Gb) 869,00 20,26 172FinJupiterFund(Gb) 385,00 20,22 173BpnScaB(S) 162,30 20,13 174InfHalma(Gb) 538,50 20,01 175SalGalenica(Ch) 780,00 19,93 176IndStoraEnso R(Fl) 6,95 19,93 177FinIntesaSanpaolo(I) 1,82 19,92 178IndAirLiquide(F) 101,20 19,86 179FinIntuprop(Gb) 332,70 19,83 180IndTechnip(F) 87,49 19,67 181FinGecina(F) 99,93 19,63 182BpnPernodRicard(F) 87,89 19,62 183SalbioMerieux(F) 71,00 19,62 184BpnKerry Group(Irl) 44,46 19,58 185IndSwatch GroupI(Ch) 572,00 19,49 186TelDeutscheTelek(D) 11,71 19,39 187IndAbb(Ch) 21,01 19,37 188IndAlfaLaval(S) 148,70 19,36 189BpnBarry Callebaut(Ch) 906,00 19,34 190FinBrLand Co(Gb) 607,00 19,25 191PbuBabcockInt(Gb) 1180,00 19,24 192SalShire(Gb) 2514,00 19,21 193SalQiagen(Nl) 15,23 19,15 194IndViscofan(E) 41,37 19,09 195PbuDeLa Rue Plc(Gb) 949,00 19,08 196BpnNestleSa(Ch) 63,90 19,02 197BpnGlanbiaPlc(Irl) 9,60 19,00 198IndJohnsonMatthey(Gb) 2936,00 18,99 199PbuDufry(Ch) 137,20 18,86 200IndCrodaInt.(Gb) 2490,00 18,79 201FinGbl(B) 64,63 18,78 202TelSap(D) 53,31 18,76



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





88FinOldMutual(Gb) 197,20 11,01 89InfBaeSy.(Gb) 445,20 11,03 90FinScorSe(F) 24,86 11,10 91IndEvonikInd.(D) 26,16 11,12 92PbuDelhaize Group(B) 44,80 11,18 93TelTeliasonera(S) 52,45 11,20 94FinIcap Plc(Gb) 366,90 11,22 95FinBaloiseHld(Ch) 106,80 11,24 96EnePremier Oil(Gb) 330,50 11,31 97PbuG4S(Gb) 240,50 11,34 98TelTelefonica(E) 12,88 11,42 99TelHellenic Telec(Gr) 8,87 11,47 100IndOutotecOyj(Fl) 8,22 11,49 101FinInvestec(Gb) 426,70 11,52 102PbuSse Plc(Gb) 1432,00 11,53 103FinMan(Gb) 85,85 11,55 104TelTdc(Dk) 50,00 11,58 105FinCorio(Nl) 32,48 11,64 106PbuGdfSuez(F) 18,80 11,67 107FinGjensidigeFor(Nok) 98,00 11,67 108IndNeopost(F) 55,51 11,84 109EneRepsolYpf(E) 19,29 11,93 110IndArkema(F) 84,60 11,95 111InfCobham(Gb) 278,80 11,95 112IndPetrofac(Gb) 1388,00 11,95 113FinCofinimmo-Sicafi(B) 88,36 11,96 114PbuGas Natural(E) 17,43 11,98 115SalSanofi(F) 72,70 11,99 116MatGlencore(Gb) 330,50 11,99 117IndEnagas(E) 19,00 12,05 118PbuDrax(Gb) 627,00 12,06 119FinNordea(S) 80,65 12,08 120FinFonciere Regions(F) 63,60 12,20 121IndSandvik(S) 87,55 12,25 122TelCable&Wir(Gb) 41,93 12,30 123TelTele2 B(S) 84,15 12,30 124EneAfren(Gb) 144,30 12,32 125FinRsa Insrance G(Gb) 119,90 12,36 126PbuFortum(Fl) 16,94 12,37 127FinSwedbank(S) 160,00 12,39 128MatVedanta Res(Gb) 1033,00 12,40 129FinAdmiral Group(Gb) 1209,00 12,41 130FinVienna Insuran(A) 39,20 12,46 131PbuSainsbury(J)(Gb) 396,50 12,49 132FinShb A(S) 283,10 12,51 133TelSoftware(D) 25,25 12,52 134FinCastellum(S) 96,10 12,56 135PbuRedElectr Cor(E) 46,28 12,61 136PbuCentrica(Gb) 364,30 12,72 137BvoWoltersKluwer(Nl) 19,86 12,75 138IndContinental AG(D) 136,15 12,79 139IndFugro(Nl) 43,87 12,79 140BvoUbm(Gb) 731,00 12,87 141IndRexamPlc(Gb) 480,00 12,88 142IndSnam(I) 3,86 12,91

143BvoInforma(Gb) 527,50 12,93 144PbuEdf(F) 25,65 13,00 145PbuMitie Grp.(Gb) 298,00 13,00 146TelBtGroup(Gb) 364,10 13,01 147IndPirelli & C.(I) 10,22 13,02 148BvoSes(Lu) 20,90 13,03 149IndBilfinger Berger(D) 78,75 13,04 150BpnTate & Lyle(Gb) 767,50 13,11 151SalOrionB(Fl) 18,45 13,14 152IndBasf(D) 72,95 13,16 153FinMapfre(E) 2,89 13,19 154IndSubsea7(Lu) 127,40 13,25 155PbuNational Grid(Gb) 751,50 13,26 156TelPortugalTelecom(P) 3,66 13,27 157FinB.Cant.Vaudoise(Ch) 490,50 13,29 158IndVinci(F) 46,48 13,39 159FinSeb A(S) 74,50 13,40 160SalGlaxosmithklin(Gb) 1574,00 13,42 161IndGkn(Gb) 364,20 13,44 162TelSwisscom(Ch) 464,30 13,45 163MatVoestalpine(A) 35,45 13,47 164TelElisaCorporat(Fl) 18,40 13,53 165IndAmec(Gb) 1089,00 13,54 166MatImerys(F) 54,42 13,60 167IndCNHIndustrial(Nl) 9,00 13,60 168FinKbc Groep(B) 40,06 13,67 169FinHsbcHoldings(Gb) 678,00 13,67 170BpnRexel(F) 17,78 13,68 171IndPetrol Geo-Ser(Nok) 69,50 13,76 172PbuRentokil(Gb) 108,00 13,78 173Telfreenet(D) 18,50 13,89 174FinSampoPlc(Fl) 34,43 13,94 175TelVodafoneGroup(Gb) 229,30 13,94 176FinPrudential(Gb) 1214,00 13,97 177BvoWilliam Hill(Gb) 416,80 14,00 178BvoTuiTravel(Gb) 373,20 14,15 179IndAggreko(Gb) 1455,00 14,16 180IndPargesaHld(Ch) 69,65 14,18 181PbuMarks & Sp.(Gb) 487,90 14,22 182SalNovartis(Ch) 67,60 14,24 183BvoGreene King(Gb) 810,50 14,25 184FinTryg(Dk) 515,50 14,27 185IndValeo(F) 67,76 14,29 186IndNutreco(Nl) 36,26 14,36 187EneBg Group(Gb) 1220,50 14,44 188IndSmiths Group(Gb) 1361,34 14,45 189IndElectroluxB(S) 166,50 14,46 190IndPrysmian(I) 18,14 14,48 191IndBouygues(F) 29,20 14,51 192IndKoninklijke(Nl) 33,79 14,53 193PbuSecuritasB(S) 73,80 14,54 194IndSolvay(B) 115,05 14,57 195FinLegal & Genera(Gb) 204,40 14,58 196FinDeutscheBank(D) 36,75 14,59 197EneHunting(Gb) 810,50 14,60 198PbuAholdKon(Nl) 13,50 14,65 199FinWereldhave(Nl) 56,17 14,72 200FinIntermediate(Gb) 480,50 14,74 201InfMeggit(Gb) 539,00 14,76 202MatUmicore(B) 35,40 14,79



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





88FinCatlinG(Gb) 507,50 0,68 89EneTotal(F) 44,42 0,68 90FinRsa Insrance G(Gb) 119,90 0,68 91IndFlsmidth& Co(Dk) 275,10 0,69 92IndMetso(Fl) 27,18 0,69 93TelCap Gemini(F) 45,57 0,69 94TelWincorNixdorf(D) 47,24 0,70 95PbuSse Plc(Gb) 1432,00 0,70 96EneGalp Energia(P) 12,63 0,70 97IndLanxess(D) 50,52 0,71 98BpnSuedzucker(D) 22,30 0,72 99PbuG4S(Gb) 240,50 0,72 100BpnWolseley(Gb) 3192,00 0,72 101IndOsram(D) 35,09 0,74 102InfNokia(Fl) 5,25 0,74 103PbuColruyt(B) 41,45 0,75 104IndGeorgFischer(Ch) 595,00 0,75 105PbuDsv(Dk) 156,10 0,75 106BpnBrenntag Ag(D) 120,00 0,76 107IndMichelin(F) 79,08 0,76 108PbuEndesa(E) 20,64 0,77 109IndStoraEnso R(Fl) 6,95 0,77 110InfSTMicroelectr.(Nl) 6,41 0,77 111IndCNHIndustrial(Nl) 9,00 0,77 112MatVoestalpine(A) 35,45 0,78 113PbuKingfisher(Gb) 379,40 0,78 114EneStatoil(Nok) 136,50 0,79 115IndAmec(Gb) 1089,00 0,80 116BvoOpap(Gr) 9,40 0,80 117IndKonecranesOyj(Fl) 23,57 0,82 118InfBaeSy.(Gb) 445,20 0,82 119PbuJMartins Sgps(P) 14,35 0,82 120PbuTeleperformance(F) 37,20 0,83 121PbuStagecoach(Gb) 331,60 0,83 122IndVestasWind(Dk) 155,50 0,84 123IndVolvo B(S) 92,05 0,84 124IndSmurfitKappa(Irl) 18,10 0,85 125PbuEnel(I) 3,25 0,85 126IndYara Internat(Nok) 236,90 0,85 127FinZurichFin(Ch) 240,50 0,86 128Telfreenet(D) 18,50 0,86 129IndSmith(Gb) 297,00 0,86 130IndSEB(F) 65,13 0,87 131BpnBunzl(Gb) 1334,00 0,88 132MatNorsk Hydro(Nok) 25,17 0,88 133IndUpm-KymmeneOy(Fl) 11,15 0,89 134PbuCentrica(Gb) 364,30 0,89 135MatCRH(Irl) 18,17 0,89 136IndSaipem(I) 15,44 0,91 137IndRatos(S) 56,90 0,92 138PbuGdfSuez(F) 18,80 0,93 139IndSuez Env(F) 12,48 0,93 140MatVedanta Res(Gb) 1033,00 0,93 141IndGkn(Gb) 364,20 0,94 142IndContinental AG(D) 136,15 0,95

143BpnTravisPerkins(Gb) 1749,00 0,95 144IndAkzo Nobel(Nl) 47,70 0,96 145IndSolvay(B) 115,05 0,97 146IndMAN(D) 88,20 0,97 147PbuMoeller Maerskb(Dk) 53000 0,97 148InfQinetiq(Gb) 193,00 0,97 149IndMondi(Gb) 1096,00 0,97 150FinAegon(Nl) 5,91 0,97 151MatBolidenAb(S) 91,05 0,98 152IndKemira Oy(Fl) 11,54 0,99 153IndYiT(Fl) 9,84 0,99 154IndArkema(F) 84,60 0,99 155FinAmlin(Gb) 417,00 0,99 156FinAgeas(B) 31,91 1,00 157BvoCompass Group(Gb) 869,00 1,00 158InfEricsson B(S) 84,10 1,00 159IndAmerSports(Fl) 14,93 1,01 160BpnChristian Dior(F) 141,90 1,01 161FinDeltaLloyd(Nl) 15,53 1,01 162IndClariant(Ch) 15,03 1,02 163IndEvonikInd.(D) 26,16 1,02 164PbuMarks & Sp.(Gb) 487,90 1,02 165IndPirelli & C.(I) 10,22 1,03 166IndTechnip(F) 87,49 1,04 167FinDirect Line(Gb) 215,60 1,04 168IndOC Oerlikon(Ch) 12,10 1,06 169IndBasf(D) 72,95 1,07 170IndPhilipsKon(Nl) 24,11 1,07 171IndGea Group(D) 30,73 1,08 172IndK + S(D) 18,73 1,08 173IndHusqvarna(S) 41,91 1,08 174IndVinci(F) 46,48 1,09 175InfMtu AeroEngines(D) 70,38 1,12 176PbuEdf(F) 25,65 1,12 177BpnElectrocomponent(Gb) 278,50 1,13 178SalRhoenKlinikum(D) 20,02 1,16 179BpnHeineken Hld(Nl) 47,16 1,16 180IndJm(S) 193,00 1,16 181FinPrudential(Gb) 1214,00 1,17 182IndRexamPlc(Gb) 480,00 1,17 183BpnAdidas(D) 81,63 1,18 184TelCable&Wir(Gb) 41,93 1,18 185BpnTate & Lyle(Gb) 767,50 1,19 186FinSwissRe(Ch) 77,45 1,20 187IndScaniaB(S) 132,90 1,20 188PbuEasyjet(Gb) 1328,00 1,21 189IndKingspan Group(Irl) 12,27 1,21 190IndEiffage(F) 43,08 1,22 191IndKoninklijke Dsm(Nl) 53,66 1,22 192IndSubsea7(Lu) 127,40 1,25 193IndSiemens(D) 89,16 1,26 194PbuGas Natural(E) 17,43 1,26 195IndPetrofac(Gb) 1388,00 1,26 196MatHeidelbergcement(D) 57,74 1,28 197PbuRentokil(Gb) 108,00 1,28 198IndBarratt D.(Gb) 340,80 1,29 199BpnAryztaAg(Ch) 63,95 1,30 200BpnCoca Cola(Ch) 1749,00 1,30 201SalFresenius(D) 92,10 1,30 202InfRollsRoyce Pl(Gb) 1088,70 1,30



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





88TelCap Gemini(F) 45,57 29,75 89PbuCarrefour(F) 27,64 29,63 90IndSuez Env(F) 12,48 29,63 91IndWendel(F) 100,30 29,46 92FinUbsAg(Ch) 18,95 29,35 93FinCapital&Counti(Gb) 357,40 29,08 94PbuWirecard(D) 26,35 29,06 95PbuEdf(F) 25,65 28,74 96PbuWppPlc(Gb) 1276,00 28,46 97IndSwatch GroupI(Ch) 572,00 28,31 98FinLegal & Genera(Gb) 204,40 27,79 99IndBouygues(F) 29,20 27,70 100IndEMS-ChemieHld(Ch) 330,25 27,33 101FinSwissLife Hld(Ch) 179,80 27,30 102PbuSecuritasB(S) 73,80 27,11 103SalHikma(Gb) 1114,00 26,63 104FinHargreaves Ls(Gb) 1115,00 26,34 105PbuDistribuidora Inte Alim(E) 6,86 26,23 106FinUnicredit(I) 5,61 26,19 107SalActelionHldg(Ch) 63,50 25,54 108TelAmadeus(E) 26,04 25,21 109BpnAssoc.Br.Foods(Gb) 2014,00 24,68 110MatVoestalpine(A) 35,45 24,23 111Telfreenet(D) 18,50 24,09 112InfGn Store Nord(Dk) 125,30 23,95 113IndAcsCons Y Ser(E) 24,75 23,59 114MatHeidelbergcement(D) 57,74 23,40 115IndBellway(Gb) 1505,00 23,19 116PbuHays(Gb) 120,30 23,18 117PbuGas Natural(E) 17,43 23,09 118BpnTod's(I) 127,70 22,95 119PbuPublicisGroupe(F) 58,96 22,88 120FinCreditAgricole(F) 9,20 22,80 121PbuAholdKon(Nl) 13,50 22,56 122FinClose Bros(Gb) 1283,00 22,07 123BpnAryztaAg(Ch) 63,95 21,75 124FinJupiterFund(Gb) 385,00 21,58 125PbuAbertis(E) 15,76 21,53 126TelIliad(F) 166,50 21,48 127BvoReed Elsevier(Nl) 14,86 21,48 128BpnCelesio(D) 20,18 21,14 129FinB.P. E.Romagna(I) 6,93 21,00 130BvoTuiTravel(Gb) 373,20 20,97 131FinPrudential(Gb) 1214,00 20,77 132IndKoninklijke Dsm(Nl) 53,66 20,35 133InfFinmecc.(I) 5,63 20,31 134IndFiat(I) 6,00 20,30 135FinInvestorB(S) 204,40 20,28 136FinSampoPlc(Fl) 34,43 20,21 137SalElanCorporati(Irl) 11,81 20,10 138FinExor(I) 29,46 20,01 139FinBbva(E) 9,23 19,95 140SalGalenica(Ch) 780,00 19,85 141InfArmHoldings(Gb) 1005,00 19,59 142TelWincorNixdorf(D) 47,24 18,75

143IndSpirax-Sarco(Gb) 2897,00 18,75 144IndSmith(Gb) 297,00 18,64 145IndSaint-Gobain(F) 37,16 18,63 146FinGenerali(I) 16,94 18,62 147InfEricsson B(S) 84,10 18,52 148InfBaeSy.(Gb) 445,20 18,35 149IndZardoya Otis(E) 12,35 18,06 150IndSika(Ch) 2655,00 18,02 151FinCs GroupAg(Ch) 29,29 18,02 152SalNovorzymes(Dk) 206,30 18,00 153FinDeutscheBoerse(D) 58,37 17,94 154PbuNext(Gb) 5150,00 17,75 155FinAegon(Nl) 5,91 17,74 156FinIntesaSanpaolo(I) 1,82 17,68 157PbuAdecco(Ch) 65,35 17,30 158IndLegrand(F) 40,14 17,21 159BvoA Springer(D) 44,60 17,08 160BvoAccor(F) 32,30 17,06 161IndVinci(F) 46,48 17,01 162IndClariant(Ch) 15,03 16,90 163BpnBooker(Gb) 141,90 16,84 164FinMapfre(E) 2,89 16,66 165IndAssaAbloy B(S) 298,10 16,65 166FinTryg(Dk) 515,50 16,61 167SalBayer(D) 89,41 16,52 168BvoWhitbread(Gb) 3274,00 16,49 169FinMediobanca(I) 6,37 16,48 170FinIngGroep(Nl) 9,40 16,45 171BpnChristian Dior(F) 141,90 16,44 172InfMeggit(Gb) 539,00 16,27 173BvoGreene King(Gb) 810,50 15,97 174BvoReed Elsevier(Gb) 851,50 15,76 175BpnGivaudan(Ch) 1250,00 15,71 176FinSegro(Gb) 330,00 15,50 177BpnScaB(S) 162,30 15,21 178FinSeb A(S) 74,50 15,04 179SalShire(Gb) 2514,00 14,77 180IndMarineHarvest(Nok) 6,97 14,75 181BvoWoltersKluwer(Nl) 19,86 14,71 182FinJulius Baer(Ch) 43,79 14,63 183FinSwedbank(S) 160,00 14,63 184InfIngenico(F) 53,27 14,36 185IndBmw(D) 81,94 14,12 186FinB.Com.Portugues(P) 0,11 14,03 187IndStoraEnso R(Fl) 6,95 13,97 188BpnKering(F) 168,10 13,90 189PbuD.Lufthansa(D) 14,49 13,78 190InfInfineon Tech.(D) 7,15 13,71 191FinBaloiseHld(Ch) 106,80 13,66 192BpnElectrocomponent(Gb) 278,50 13,39 193IndNeopost(F) 55,51 13,25 194BpnLuxottica(I) 38,20 13,04 195FinGAM Hld(Ch) 16,70 12,90 196IndHexagon(S) 177,10 12,88 197FinIg Group(Gb) 605,00 12,82 198SalRoche HoldingAg(Ch) 244,30 12,54 199BvoInforma(Gb) 527,50 12,51 200SalRhoenKlinikum(D) 20,02 12,37 201BpnL Oreal(F) 123,10 12,16 202PbuAer.de Paris(F) 79,05 11,91



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





88IndBerkeley(Gb) 2335,00 0,20 89IndHusqvarna(S) 41,91 0,20 90PbuAdecco(Ch) 65,35 0,19 91IndStoraEnso R(Fl) 6,95 0,19 92FinGbl(B) 64,63 0,18 93FinGAM Hld(Ch) 16,70 0,18 94SalStada Arznei(D) 40,55 0,18 95SalColoplastB(Dk) 317,90 0,18 96PbuDistribuidora Inte Alim(E) 6,86 0,18 97TelTelecity(Gb) 796,50 0,18 98PbuRightmove(Gb) 2549,00 0,18 99TelAveva(Gb) 2554,00 0,18 100IndKingspan Group(Irl) 12,27 0,18 101FinJulius Baer(Ch) 43,79 0,17 102SalNovo Nordisk(Dk) 948,50 0,17 103TelAtos(F) 58,52 0,17 104InfSafran(F) 44,45 0,17 105InfIngenico(F) 53,27 0,17 106IndEiffage(F) 43,08 0,17 107TelGemalto(Nl) 84,14 0,17 108IndTrelleborg(S) 118,00 0,17 109SalElekta(S) 100,40 0,17 110IndJm(S) 193,00 0,17 111FinKbc Groep(B) 40,06 0,16 112IndSika(Ch) 2655,00 0,16 113SalBtg(Gb) 376,20 0,16 114FinHsbcHoldings(Gb) 678,00 0,16 115BpnBooker(Gb) 141,90 0,16 116BpnLuxottica(I) 38,20 0,16 117FinStorebrand(Nok) 36,17 0,16 118IndAbb(Ch) 21,01 0,15 119BpnAdidas(D) 81,63 0,15 120IndSymriseAg(D) 32,11 0,15 121SalWilliam Demant(Dk) 515,00 0,15 122PbuEurotunnel(F) 7,03 0,15 123FinRsa Insrance G(Gb) 119,90 0,15 124BvoItv(Gb) 195,10 0,15 125PbuEnelGreen Power(I) 1,72 0,15 126SalLonza(Ch) 74,95 0,14 127TelTalktalk(Gb) 259,90 0,14 128FinResolution 344,40 0,14 129BvoPaddyPower(Irl) 56,30 0,14 130FinExor(I) 29,46 0,14 131IndVolvo B(S) 92,05 0,14 132IndGeorgFischer(Ch) 595,00 0,13 133IndClariant(Ch) 15,03 0,13 134SalSonovaHld(Ch) 114,50 0,13 135BpnCoca Cola(Ch) 1749,00 0,13 136IndGea Group(D) 30,73 0,13 137FinDeutscheWohnen(D) 13,13 0,13 138PbuHugo Boss(D) 94,70 0,13 139IndKoneCorporati(Fl) 64,90 0,13 140PbuHavas(F) 6,20 0,13 141InfZodiac Aer.(F) 116,85 0,13 142IndValeo(F) 67,76 0,13

143BpnTravisPerkins(Gb) 1749,00 0,13 144SalShire(Gb) 2514,00 0,13 145IndSubsea7(Lu) 127,40 0,13 146InfAsml Holding(Nl) 68,13 0,13 147IndAker Solutions(Nok) 80,20 0,13 148IndHexagon(S) 177,10 0,13 149IndAckermans V.Haar(B) 78,31 0,12 150BpnLindt&Spruengli(Ch) 44500 0,12 151IndRichemontI(Ch) 90,95 0,12 152BpnBeiersdorf(D) 68,79 0,12 153IndKemira Oy(Fl) 11,54 0,12 154BpnBurberry Grp(Gb) 1503,00 0,12 155FinProvidentFincl(Gb) 1620,00 0,12 156PbuRyanair Hldgs(Irl) 6,28 0,12 157PbuRandstad(Nl) 41,46 0,12 158IndOrklaA(Nok) 44,24 0,12 159FinDnb(Nok) 96,75 0,12 160IndElectroluxB(S) 166,50 0,12 161BpnScaB(S) 162,30 0,12 162PbuSgs(Ch) 2065,00 0,11 163TelDeutscheTelek(D) 11,71 0,11 164TelSap(D) 53,31 0,11 165IndSiemens(D) 89,16 0,11 166SalGerresheimer(D) 44,45 0,11 167FinGsw Immobilien(D) 31,84 0,11 168BvoProsiebensat1(D) 34,00 0,11 169PbuInditex(E) 116,00 0,11 170IndUpm-KymmeneOy(Fl) 11,15 0,11 171BpnHermes Intl(F) 253,50 0,11 172PbuJCDecaux(F) 28,77 0,11 173FinAxa(F) 18,80 0,11 174FinNatixis(F) 3,92 0,11 175InfThales(F) 43,08 0,11 176BpnChristian Dior(F) 141,90 0,11 177IndRotor(Gb) 2845,00 0,11 178PbuBabcockInt(Gb) 1180,00 0,11 179PbuIntertekGroup(Gb) 3210,00 0,11 180PbuNext(Gb) 5150,00 0,11 181PbuRentokil(Gb) 108,00 0,11 182BvoWhitbread(Gb) 3274,00 0,11 183BvoTuiTravel(Gb) 373,20 0,11 184InfRollsRoyce Pl(Gb) 1088,70 0,11 185BpnTod's(I) 127,70 0,11 186InfFinmecc.(I) 5,63 0,11 187IndPirelli & C.(I) 10,22 0,11 188PbuWppPlc(Gb) 1276,00 0,11 189PbuJMartins Sgps(P) 14,35 0,11 190PbuSecuritasB(S) 73,80 0,11 191MatVoestalpine(A) 35,45 0,10 192IndSwatch GroupI(Ch) 572,00 0,10 193FinPartnersHld(Ch) 225,40 0,10 194PbuKuehne&Nagel(Ch) 112,00 0,10 195BpnAryztaAg(Ch) 63,95 0,10 196PbuDeutschePost(D) 24,10 0,10 197SalFresenius(D) 92,10 0,10 198SalBayer(D) 89,41 0,10 199BvoKabel(D) 90,81 0,10 200PbuDsv(Dk) 156,10 0,10 201SalNovorzymes(Dk) 206,30 0,10 202PbuTeleperformance(F) 37,20 0,10


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

1 Eni IT0003132476 v 64283 0,832 UniCredit 31232

Risparmion.c. IT0004781420 ¬ 19 1,06Ordinarie IT0004781412 v 31213 n.s.

3 Enel IT0003128367 v 29934 1,034 Intesa Sanpaolo 29296

Ordinarie IT0000072618 v 27915 1,80Risparmion.c. IT0000072626 v 1382 1,70

5 Generali IT0000062072 v 26703 1,156 Tenaris LU0156801721 ¬ 20418 0,917 Luxottica IT0001479374 u 17838 0,408 TelecomItalia 12931

Ordinarie IT0003497168 v 9580 0,83Risparmion.c. IT0003497176 v 3351 —

9 Snam IT0003153415 ¬ 12703 0,5610 CNHIndustrial NL0010545661 u 12307 —11 Atlantia IT0003506190 v 10734 —12 EnelGreen Power IT0004618465 v 8623 —13 Fiat IT0001976403 ¬ 7522 1,3214 Exor IT0001353140 ¬ 7268 —15 TERNA IT0003242622 v 7186 —16 Saipem 6788

Ordinarie IT0000068525 u 6786 1,19Risparmio IT0000068533 ¬ 2 —

17 Mediobanca IT0000062957 v 5473 1,3518 STMicroelectr. NL0000226223 u 5189 0,9519 Pirelli& C. 5109


20 Mediolanum IT0001279501 v 4677 1,4821 UBIBanca IT0003487029 v 4486 1,5122 Mediaset IT0001063210 v 4472 1,4123 ParmalatS.p.a. IT0003826473 ¬ 4448 —24 SalvatoreFerragamo IT0004712375 ¬ 4196 —25 Prysmian IT0004176001 ¬ 3922 —26 Lottomatica IT0003990402 ¬ 3907 —27 Tod's IT0003007728 u 3891 0,7528 Campari IT0003849244 ¬ 3686 0,4329 Finmeccanica IT0003856405 v 3190 1,3430 A2A IT0001233417 v 2695 1,1531 AzimutHolding IT0003261697 v 2683 —32 Gemina 2628


33 BancoPopolare IT0004231566 v 2555 1,6134 Unipol 2547

Ordinarie IT0004810054 v 1682 1,02Privilegiate IT0004810062 ¬ 865 1,24

35 MontePaschi IT0001334587 ¬ 2538 1,6736 BuzziUnicem 2456


37 Fondiaria-Sai 2418Ordinarie IT0004827447 v 1703 1,47Risparmion.c. IT0004827454 ¬ 178 1,06Risparmio IT0004827488 ¬ 536 —

38 B.caPop. Emilia Rom. IT0000066123 v 2358 1,2939 Hera IT0001250932 v 2135 0,6640 Banca Generali IT0001031084 ¬ 2122 —41 WorldDuty Free IT0004954662 ¬ 2038 —42 Recordati IT0003828271 v 1942 0,4243 Diasorin IT0003492391 v 1904 —44 Cr.Emiliano IT0003121677 v 1770 1,24

45 De'Longhi IT0003115950 ¬ 1760 0,8446 Sias IT0003201198 v 1746 0,8747 Impregilo 1741


48 Autogrill IT0001137345 v 1673 0,6549 Acea IT0001207098 v 1627 0,8850 BrunelloCucinelli IT0004764699 ¬ 1583 —51 B.caPop. Milano IT0000064482 v 1579 1,6352 Danieli 1559


53 Italcementi 1473Ordinarie IT0001465159 v 1119 1,23Risparmion.c. IT0001465167 v 354 1,19

54 YOOXS.P.A. IT0003540470 ¬ 1442 —55 AnsaldoSts IT0003977540 v 1374 —56 Erg IT0001157020 v 1352 0,7957 Brembo IT0001050910 ¬ 1339 1,0758 B.caPop. Sondrio IT0000784196 ¬ 1299 0,8259 Iren IT0003027817 v 1287 1,4460 BBBiotech CH0038389992 ¬ 1275 0,3961 B.caCarige 1267

Risparmio IT0003308878 v 3 0,54Ordinarie IT0003211601 v 1264 1,14

62 C.Ass.Milano 1231Ordinarie IT0000062221 v 1140 1,56Risparmion.c. IT0000062205 v 90 1,42

63 Cir IT0000080447 ¬ 992 0,8864 CattolicaAss IT0000784154 v 987 0,7565 BeniStabili IT0001389631 v 972 1,2566 Sorin IT0003544431 u 964 —67 SafiloGroup IT0004604762 ¬ 948 —68 AutoTo-Mi IT0000084027 v 909 0,8869 InterpumpGr. IT0001078911 ¬ 895 0,9170 Ima IT0001049623 v 893 0,2971 Amplifon IT0004056880 ¬ 892 0,6372 Cr.Bergamasco IT0000064359 v 874 0,4273 Saras IT0000433307 ¬ 868 —74 IndesitCompany 859


75 EI TOWERS IT0003043418 v 840 —76 Piaggio IT0003073266 v 758 —77 RCS Mediagroup 750

Ordinarie IT0004931496 ¬ 695 0,85Risparmion.c. IT0003039028 v 22 0,71Risparmio IT0004931520 ¬ 33 —

78 SAVE IT0001490736 v 747 —79 Marr IT0003428445 v 745 —80 Italmobiliare 699


81 Astaldi IT0003261069 v 693 1,0182 Camfin IT0000070810 u 639 1,1883 Cr.Valtellinese IT0000064516 v 608 1,1884 B.caIfis IT0003188064 v 589 —85 Vittoria Ass. IT0000062882 v 579 0,5786 Gr.L'Espresso IT0001398541 v 567 1,0887 Sol IT0001206769 ¬ 534 0,3788 Cementir IT0003126783 v 528 0,7689 Geox IT0003697080 u 521 —90 Sogefi IT0000076536 v 498 0,86


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

91 EngineeringI.I. IT0003029441 v 492 0,2192 B.caIntermobil. IT0000074077 v 491 0,2593 TreviFin. IT0001351383 v 487 1,3394 MaireTecnimont IT0004931058 v 472 —95 Datalogic IT0004053440 v 465 0,2996 Reply IT0001499679 v 446 0,3297 Dea Capital IT0001431805 v 436 0,4898 Cofide IT0000070786 ¬ 433 0,7699 ZignagoVetro IT0004171440 v 419 —

100 CairoComm. IT0004329733 v 396 0,75101 Moleskine IT0004894900 ¬ 385 —102 Ascopiave IT0004093263 v 380 —103 FalckRen. IT0003198790 v 359 1,01104 Nice IT0003317945 v 338 —105 PoltronaFrau IT0004114846 v 336 —106 Mondadori IT0001469383 v 325 0,91107 IGD IT0003745889 v 306 —108 Tamburi Inv. Partners IT0003153621 v 297 —109 B.coDesio 296


110 IVSGroup LU0556041001 ¬ 294 —111 Esprinet IT0003850929 v 272 1,38112 Juventus IT0000336518 v 241 0,45113 TelecomItalia Media 228

Ordinarie IT0004600364 v 227 0,82Risparmion.c. IT0004600372 ¬ 1 0,51

114 D'Amico LU0290697514 v 227 —115 FieraMilano IT0003365613 v 221 0,60116 Gasplus IT0004098510 v 211 —117 RomaA.S. IT0001008876 v 202 0,43118 Caltagirone IT0003127930 v 202 0,53119 Bon.Ferraresi IT0000074135 u 198 n.s.120 VianiniLav. IT0003127864 v 183 0,44121 Risanamento IT0001402269 ¬ 183 0,98122 Prelios IT0004923022 v 178 1,56123 Mittel IT0001447348 v 175 0,48124 MolecularMedicine IT0001080248 v 173 —125 CellTherapeutics US1509348835 ¬ 172 —126 B.caProfilo IT0001073045 v 167 0,60127 Sesa(ex Made inItaly 1) IT0004729759 v 160 —128 AlerionCleanp. IT0004720733 ¬ 158 0,39129 MutuiOnline IT0004195308 v 157 —130 SaesGetters 157


131 Immsi IT0001413837 ¬ 157 0,75132 B.caPop. Etruria Lazio IT0004919327 v 150 1,04133 Sabaf IT0001042610 ¬ 149 0,54134 Emak IT0001237053 v 146 0,33135 LandiRenzo IT0004210289 v 145 —136 CaltagironeEdit. IT0001472171 v 144 0,58137 Cembre IT0001128047 v 133 0,40138 DeLclima IT0004772502 v 131 —139 KmeGroup 126

Ordinarie IT0004552359 ¬ 105 0,54Risparmion.c. IT0004552367 ¬ 22 0,50Risparmio IT0004867930 ¬ —

140 La Doria IT0001055521 v 124 0,36141 Carraro IT0001046553 v 122 1,20142 Snai IT0000074903 v 117 0,80143 FNM IT0000060886 v 117 0,62144 Biesse IT0003097257 v 116 1,32

145 B.caFinnat IT0000088853 v 111 0,53146 Elica IT0003404214 v 108 —147 BasicNet IT0001033700 v 107 0,32148 Reno De Medici IT0001178299 v 107 0,56149 Acotel IT0001469953 v 106 0,54149 Edison IT0003372205 v 107 0,24150 SAT IT0000214293 ¬ 104 —151 Servizi Italia IT0003814537 v 102 —152 Pininfarina IT0003056386 v 102 0,99153 Damiani IT0004249329 ¬ 98 —154 Piquadro IT0004240443 v 96 —155 Txte-solutions IT0001454435 v 94 0,49156 Retelit IT0004370463 ¬ 93 0,62157 BoeroB. IT0000066966 v 91 —158 Valsoia IT0001018362 v 91 —159 Aeroporto Firenze IT0000346798 v 88 0,16160 Tesmec IT0004585243 v 86 —161 Acsm-Agam IT0001382024 v 86 0,82162 El.En. IT0001481867 v 85 0,70163 PrimaIndustrie IT0003124663 ¬ 85 0,57164 Bolzoni IT0004027279 ¬ 83 —165 M&C IT0003955009 v 80 —166 TerniEnergia S.P.A. IT0004359037 v 80 —167 Tiscali IT0004513666 v 80 1,10168 Beghelli IT0001223277 v 72 0,74169 Aeffe IT0001384590 ¬ 70 —170 Autos. Merid. IT0000084043 v 70 0,32171 Brioschi SviluppoImm. IT0000066180 v 70 0,91172 Premafin IT0001475109 ¬ 69 0,83173 Eurotech IT0003895668 v 67 —174 B&C Speakers IT0001268561 v 65 —175 PanariaGroup IT0001467577 ¬ 63 —176 B.coSardegna IT0001005070 v 61 0,40177 Ciccolella IT0000080421 v 60 0,55178 Ratti IT0004724107 ¬ 58 0,31179 Dada IT0001455473 ¬ 54 0,86180 Pol.S.Faustino IT0001352217 v 50 0,40181 CSPInternational IT0001127874 v 49 0,44182 Aedes IT0000074028 v 47 1,07183 EnervitS.p.a. IT0004356751 v 47 —184 Gefran IT0003203947 v 47 0,79185 Irce IT0001077780 v 46 0,40186 Premuda IT0003676282 v 46 0,52187 K.R.Energy IT0004841315 ¬ 45 0,96188 Borgosesia 44

Ordinarie IT0003217335 v 43 0,23Risparmion.c. IT0003217368 ¬ 1 —

189 Exprivia IT0001477402 v 43 0,93190 CAD IT IT0001489720 v 42 0,58191 SeatPagine Gialle 42

Risparmio IT0004458151 ¬ —Ordinarie IT0004458094 v 42 —

192 Monrif IT0000066016 v 42 0,30193 Isagro IT0001069902 v 41 —194 Ambienthesis(ex Sadi S. I.) IT0001042297 v 39 0,65195 S.S. Lazio IT0003621783 v 37 0,35196 CobraAutom.Tech. IT0001142022 v 36 —197 BeeTeam IT0001479523 v 36 1,20198 PoligraficiEditoriale IT0000086923 v 35 0,38199 Fullsix IT0001487047 v 33 0,25200 Stefanel 31

Ordinarie IT0004607518 v 31 0,77Risparmio IT0004607526 ¬ —


la classifica di piazza affari

201 ConafiPrestitò IT0004105653 v 29 —202 Kinexia IT0004441603 ¬ 28 0,54203 AcquePotabili IT0004269327 ¬ 28 0,96204 Ergy IT0004370448 v 27 —205 Noemalife IT0004014533 ¬ 27 —206 IlSole24 Ore IT0004269723 v 26 —207 Pierrel IT0004007560 ¬ 25 —208 ClassEditori IT0001276408 v 25 0,87209 CIA IT0003389522 ¬ 24 0,33210 Industria e Innovazione IT0004179088 u 23 —211 Tas IT0001424644 v 21 0,91212 BiancamanoS.p.a. IT0004095888 v 20 —213 DigitalBros IT0001469995 v 19 0,47214 CapeListed IT0004222458 v 19 —215 CentraleLatte To IT0003023980 v 18 0,36216 Grandi Viaggi IT0001244026 v 18 0,26217 Ricchetti IT0003690283 v 17 0,45218 Bialetti Industrie IT0004222102 v 17 —219 Caleffi IT0003025019 u 16 —220 Bastogi IT0004412497 ¬ 15 0,56221 ROSSS IT0004297575 v 15 —222 Mediacontech IT0001210902 v 14 0,61223 MondoTV IT0001447785 v 14 0,90224 Bioera IT0004711203 ¬ 14 —225 EEMS IT0001498234 v 14 —226 Fidia IT0001498481 v 13 0,62227 Gabetti IT0000062650 v 13 1,13228 BestUnion Company IT0004273915 v 13 —229 Zucchi 13

Ordinarie IT0000080553 ¬ 13 1,02Risparmion.c. IT0000080561 v 0,72

230 EuKedos IT0004818297 ¬ 12 —231 ItWay IT0003057624 ¬ 12 0,51232 Chl IT0001446613 v 11 0,83233 Olidata IT0001350625 v 11 0,78234 Arena IT0001347175 v 11 1,16235 SSBT IT0003745129 v 10 —236 Montefibre 9

Ordinarie IT0003111462 v 9 0,73Risparmion.c. IT0003111520 v 0,29

237 DmailGroup IT0004819030 v 7 1,18238 Le BuoneSocietà IT0001339321 ¬ 5 n.s.239 MovieMax IT0003765267 u 5 —240 Investimentie Sviluppo IT0004942915 ¬ 5 1,09241 Sintesi IT0004659428 ¬ 5 0,54242 Meridie IT0004283807 v 4 —243 Cdc IT0001477337 ¬ 0 0,52244 Crespi IT0001054904 u 0 0,65245 Vianini Ind. IT0003127898 v 0 0,26246 Aicon IT0004167760 ¬ 0 —247 B.caPop. Spoleto IT0001007209 ¬ 0 0,53248 NOVA RE IT0001162509 ¬ 0 —249 CogemeSet IT0004092216 ¬ 0 —250 AiònRenew. IT0003926661 ¬ 0 —251 UniLand Spa IT0004375389 ¬ 0 —252 AntichiPellettieri IT0004016504 ¬ 0 —

TOTALE 463346

titolo codice ten capital betaisin mlnÁ prosp

titolo codice ten capital betaisin mlnÁ prosp

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


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

1 Apple Inc(USA) 251626,19 399,56 4,022 Exxon Mobil(USA) 203457,41 16,35 2,273 Google(USA) 182713,26 173,65 4,574 Roche Holding Ag(CH) 173444,80 45,39 14,485 Nestle Sa(CH) 170843,38 46,85 3,416 Toyota Motor C(JP) 162682,67 84,80 1,657 Royal Dtch Shl(GB) 159604,63 46,80 1,198 Royal Dtch Shl(NL) 159439,52 26,26 1,089 Novartis(CH) 153263,70 21,01 2,63

10 Berkshre Cl B(USA) 151387,41 41,32 1,4611 Hsbc Holdings(GB) 149319,53 -3,31 1,1812 Microsoft Cp(USA) 148920,15 41,39 4,0913 General Elec Co(USA) 138085,57 27,79 2,1014 Johnson Johnson(USA) 136936,15 37,86 3,8715 Vodafone Group(GB) 130372,13 112,13 1,5716 Wal-Mart Stores(USA) 129908,50 34,48 3,0117 Chevron(USA) 122453,19 68,18 1,6418 Ab Inbev(B) 120222,24 317,18 3,8319 Wells Fargo & Co(USA) 118975,97 27,58 1,4820 Procter & Gamble(USA) 116895,37 24,87 3,4721 Pfizer Inc(USA) 106882,16 67,28 2,6122 Jpmorgan Chase(USA) 104622,24 30,28 0,9823 Total(F) 104124,79 17,14 1,3624 Intl Bus Machine(USA) 101586,02 94,79 10,1325 Bp(GB) 99493,85 -3,39 1,1826 At&T(USA) 98855,01 30,55 2,0927 Sanofi(F) 98622,84 62,60 1,7028 Coca-Cola Co(USA) 91429,13 69,72 5,1729 Glaxosmithklin(GB) 89715,15 35,21 13,0430 Siemens(D) 83476,01 119,36 2,6431 Volkswagen Pref.(D) 80392,99 232,88 1,0632 Citigroup(USA) 80314,83 -64,21 0,7833 Bank Of America(USA) 80094,90 -42,25 0,6734 Amazon Com(USA) 78765,43 507,00 17,5935 Oracle(USA) 78627,89 80,34 3,3336 L Oreal(F) 77956,91 104,78 3,7337 Verizon Comms(USA) 76737,99 93,76 4,1938 Bayer(D) 75434,18 111,30 4,0839 Brit Am Tobacc(GB) 75361,13 127,40 8,7740 Philip Morris(USA) 75249,95 91,74 —41 Inditex(E) 73178,99 352,41 8,6642 B. Santander(E) 72542,40 -8,12 0,9043 Merck & Co(USA) 71886,81 50,86 2,4444 Lvmh(F) 70947,26 176,75 2,8545 Royal Bk Can(CAN) 70269,82 45,71 2,5346 Sap(D) 69840,46 108,66 4,7847 Basf(D) 68013,35 215,91 2,7748 Pepsico Inc(USA) 67424,79 45,65 5,6149 Visa Inc(USA) 67177,89 284,76 4,6750 Mitsub Ufj Fg(JP) 66509,93 -15,57 0,7951 Bnp Paribas(F) 65956,53 -7,13 0,8452 Lloyds Bnk Grp(GB) 65365,88 -8,69 1,2553 Comcast Corp A(USA) 64721,28 208,70 2,4354 Schlumberger Ltd(USA) 64507,79 66,76 3,4055 Walt Disney Co(USA) 64205,13 172,12 2,9656 Eni(I) 64179,71 8,14 1,0857 Cisco Systems(USA) 63223,15 20,67 2,2258 Daimler(D) 62431,82 145,05 1,4459 Intel Corp(USA) 62387,72 52,91 2,2660 Toronto Dom Bk(CAN) 60703,97 61,12 1,94

61 Qualcomm Inc(USA) 60675,33 77,68 3,3362 Sabmiller(GB) 60634,70 285,05 3,1663 Diageo(GB) 59791,10 132,42 9,0664 Ubs Ag(CH) 59086,89 14,73 1,5565 Telefonica(E) 58230,36 -8,74 2,8066 Home Depot Inc(USA) 56742,41 268,22 6,0967 Allianz(D) 56218,64 87,41 1,0568 Gilead Sci(USA) 55729,77 183,74 11,4669 Rio Tinto(GB) 53413,86 74,01 2,0770 Glencore(GB) 52985,09 — 1,2371 Bmw(D) 52731,76 324,87 1,7772 Bk Nova Scotia(CAN) 52689,96 57,33 2,0973 H & M B(S) 52524,90 108,22 10,5174 Honda Motor(JP) 52064,20 82,46 1,3875 Bbva(E) 51905,80 8,87 1,1876 Ntt(JP) 51663,46 23,06 0,7577 United Tech Cp(USA) 51501,19 104,25 3,5678 Boeing Co(USA) 51355,88 159,25 15,8079 Deutsche Telek(D) 50921,44 3,11 1,9180 Japan Tobacco(JP) 50765,21 120,06 3,5081 Barclays(GB) 50690,78 33,03 0,6682 Smfg(JP) 50460,51 -1,24 1,0283 Mcdonald'S Corp(USA) 49687,75 58,45 6,2184 Unilever Cert(NL) 49641,37 52,65 5,4085 Bg Group(GB) 49319,56 59,24 2,0686 Bhp Billiton(GB) 47680,34 133,60 2,5387 Edf(F) 47625,52 -37,82 1,8388 Astrazeneca(GB) 47223,58 34,03 2,7589 Conocophillips(USA) 46710,41 72,39 1,7590 Royal Bank Sco(GB) 46662,12 -47,45 0,6291 United Parcel B(USA) 46508,64 82,47 18,1692 Amgen(USA) 45975,57 94,64 4,2193 Amer Express Co(USA) 45560,89 207,26 4,5194 Mastercard Cl A(USA) 45247,13 388,67 12,2095 Axa(F) 44684,10 27,00 0,9196 3M Company(USA) 44425,78 87,14 4,5997 Gdf Suez(F) 43937,52 -44,40 0,7298 Richemont I(CH) 43903,65 282,52 4,2299 Standrd Chart(GB) 42737,80 97,64 1,34

100 Bristol Myers Sq(USA) 42532,47 153,55 4,63101 Abb(CH) 41303,13 59,71 3,25102 Occidental Pete(USA) 40667,20 84,03 1,84103 Twenty First C. Fox(USA) 40660,14 308,99 3,28104 Abbvie(USA) 40426,83 — 21,72105 Amer Intl Group(USA) 40395,06 37,77 0,75106 Reckit Bncsr G(GB) 39938,40 85,06 5,78107 Cvs Caremark Crp(USA) 39831,58 99,00 1,95108 Cs Group Ag(CH) 38683,47 -31,46 1,11109 Suncor Energy(CAN) 38682,69 39,85 1,42110 Altria Group(USA) 38472,94 73,68 19,27111 Prudential(GB) 38137,14 284,55 3,13112 Nordea(S) 37750,82 50,95 1,37113 Union Pacific Cp(USA) 37640,23 148,58 3,53114 Unilever(GB) 37617,59 77,40 5,80115 Mizuho Financi(JP) 37395,64 -33,01 0,90116 Goldm Sachs Grp(USA) 37376,18 35,80 1,04117 Eads(F) 37001,96 345,81 3,75118 Us Bancorp(USA) 36710,18 23,79 1,98119 Deutsche Bank(D) 36549,06 19,36 0,62120 Unitedhealth Gp(USA) 36481,42 165,67 2,18

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

areaeuro1Eib XS0755873253 AAA 04-27 110,340 2,583Alliander XS0792977984 AA 06-24 102,620 2,581Eu EU000A1G6TV9 AAA 04-28 103,520 2,573SbiLondon XS0563463842 BBB 11-15 103,855 2,571Evn XS0690623771 BBB 04-22 112,576 2,571CommerzbankAg DE000CZ302M3 BBB 09-20 108,965 2,563Bertelsmann XS0811690550 BBB 08-22 100,474 2,563Rentokil Initial XS0832466931 BBB 09-19 104,410 2,563IntesaSanpaolo XS0852993285 BBB 11-17 105,430 2,563Vivendi FR0011365220 BBB 01-20 99,659 2,553JpMorganFinnc XS0820547825 A 08-22 101,508 2,553SocieteGenerale XS0802756683 A 07-22 113,184 2,543FortumOyj XS0825855751 A 09-22 97,692 2,543IccreaBanca XS0860339257 BB 12-15 104,141 2,543BanquePsa Fin XS0594299066 BB 02-16 103,850 2,523Wesfarmers XS0810622935 A 08-22 101,720 2,521Eu EU000A1HBXS7 AAA 11-27 99,880 2,511Obb-Infra XS0691970601 AA 10-26 110,823 2,513Unicredit XS0754588787 BBB 03-17 107,540 2,492RteEdf FR0010913178 A 06-22 110,989 2,482SuezEnviron FR0010913780 A 06-22 112,583 2,483Anglo AmericaCa XS0789283792 BBB 06-19 101,370 2,483Statkraft XS0858366684 BBB 11-22 100,094 2,481BanquePsa Fin XS0798333802 BB 09-15 104,420 2,473AmericaMovil XS0802174044 A 07-21 103,620 2,473BatHoldings Nl XS0856014583 A 01-23 99,170 2,472Autorts SudFra FR0010491720 BBB 07-22 124,400 2,463Adp FR0011266527 A 06-24 106,060 2,462Vivendi FR0010830034 BBB 12-19 113,570 2,451Eib XS0427291751 AAA 10-25 121,028 2,453Invstr XS0625859516 A 05-23 117,221 2,453WellsFar XS0817639924 A 08-22 101,310 2,451Rabobank XS0728812495 AA 01-22 111,458 2,443Telstra Corp XS0760187400 A 09-22 108,361 2,441RweFinance XS0412842857 BBB 08-21 128,531 2,433Svenska Hndlsbnk XS0819759571 AA 08-22 101,574 2,431Strabag AT0000A0PHV9 BBB 05-18 109,936 2,423Edf FR0011182641 A 01-22 110,958 2,423Bpce FR0011197409 A 02-22 115,420 2,421AbnAmroBan XS0765299572 A 03-22 112,800 2,423Manpower XS0794990050 BBB 06-18 109,015 2,423NordeaBank XS0801636902 AA 07-22 106,389 2,421Eib XS0807336077 AAA 09-25 103,320 2,421NatlAust Bank XS0813400305 AA 08-22 102,550 2,423Metso XS0838968849 BBB 10-19 101,531 2,423Casino FR0011215508 BBB 03-20 109,178 2,412Smbc XS0555833580 A 11-20 110,166 2,411Eu EU000A1GVVF8 AAA 09-26 106,474 2,402Veolia FR0010918490 BBB 01-21 111,890 2,402Carrefour XS0529414319 BBB 04-21 109,991 2,402FranceTelecom XS0563306314 BBB 01-21 109,594 2,403G4SIntl Fin XS0862010625 BBB 12-18 101,052 2,403BbvaFinance XS0872702112 BBB 01-18 105,350 2,403IngBank XS0748187902 A 02-22 115,195 2,393ElsevierFin XS0831560742 BBB 09-20 100,672 2,393Delhaize BE0002189554 BBB 02-20 104,305 2,381Ge Cap EuroFndg XS0273570241 A 11-21 114,214 2,381Obb-Infra XS0520578096 AA 06-25 115,012 2,381Bnp Paribas XS0635033631 A 01-22 112,850 2,38

3Vlkwagen Leasing XS0823975585 A 09-22 99,910 2,383Legrand FR0011234921 A 04-22 107,576 2,371GdfSue FR0011261924 A 02-23 105,156 2,373ScietGenrle XS0596704170 A 03-21 115,799 2,373Gencia FR0011233337 BBB 04-19 112,050 2,363Telstra Corp XS0706229555 A 05-22 110,565 2,363XstrataFin Du XS0857215346 BBB 11-18 101,220 2,362Eni XS0521000975 A 06-20 109,767 2,353FortumOyj XS0629937409 A 05-21 111,299 2,353HolcimUs Financ XS0825829590 BBB 09-20 101,688 2,351ToyotaMotor Crd XS0881362502 AA 02-23 100,190 2,351Daimler DE000A1PGWA5 A 09-22 100,243 2,342TennetHldg XS0485616758 A 02-22 116,005 2,341DtschBahnFin XS0753143709 AA 03-24 105,960 2,343Telenor XS0798790027 A 06-22 103,142 2,342Terna XS0436320278 BBB 10-19 113,889 2,331Ewe XS0699330097 BBB 11-20 111,493 2,333DnbBank XS0732513972 A 01-22 114,201 2,333Deutsche DE000DB5DCS4 A 01-23 100,438 2,323IntesaSanpaolo XS0750763806 BBB 02-17 108,489 2,323Alliander XS0854759080 AA 11-22 99,380 2,321DeutscheBorse DE000A1RE1W1 AA 10-22 100,520 2,311Atlantia IT0004869985 BBB 11-18 106,223 2,311Rabobank XS0256967869 AA 06-21 114,192 2,312Vodafone Group XS0479869744 A 01-22 117,306 2,313Omv XS0834367863 A 09-22 102,480 2,313FVan Lanscht Bk XS0842560640 BBB 10-16 101,555 2,313Eutelsat FR0011164664 BBB 01-19 113,061 2,303EnexisHldg XS0737138460 AA 01-22 107,980 2,302BanqueFedera XS0526612188 AA 07-20 111,436 2,291GdfSue FR0011289230 A 07-22 102,700 2,28

sterlina inglese1WorldBank XS0095130943 AAA 12-28 120,415 3,131Ge CapitalUk XS0463588052 A 11-20 118,699 2,873NtwrkRail Infrt XS0210467873 AA 01-24 116,306 2,864TemasekFinancI XS0528414294 AAA 07-22 113,616 2,821Eib XS0849420905 AAA 10-22 97,820 2,753SouthernWtr Srv XS0415065399 BBB 03-19 117,000 2,683NationalExpress XS0478043291 BBB 01-17 111,216 2,541Eib XS0091457027 AAA 06-21 119,173 2,543YorkshireBrad XS0439817908 A 08-19 118,465 2,523Go-AheadGroup XS0497174580 BBB 09-17 110,563 2,491ImperialTob Fin XS0180407602 BBB 12-18 117,842 2,461Smiths Group XS0111725049 BBB 06-16 112,170 2,463Vattenfall XS0422688282 A 12-19 120,727 2,421Inter AmerDevbk XS0121569957 AAA 06-21 119,742 2,363SouthernGasNet XS0460691966 BBB 11-18 113,084 2,313PhoenixNat Gs XS0462854687 BBB 07-17 111,309 2,293Rolls-RoyceGp XS0426014899 A 04-19 122,727 2,281United Utl Water XS0168054673 BBB 05-18 113,816 2,133SevrnTrnt Util XS0408829793 BBB 01-18 115,513 2,113Scot SthrnEnrgy XS0454509455 A 10-18 113,398 2,091ScottishPower XS0073359548 BBB 02-17 119,825 2,093NtwrkRail Infrt XS0225051811 AA 07-20 115,737 2,083StagecoachGrp XS0473964764 BBB 12-16 111,054 2,054BaaFunding XS0789279683 A 06-17 103,325 2,003ReedElseir Inv XS0418995907 BBB 12-17 119,694 1,961Ge CapitalUk XS0544837676 A 09-17 108,107 1,943British Telecom XS0306772939 BBB 06-17 116,484 1,89

datial 24.10.2013 codiceisin rating obbligazioneemittente prezzo rend.

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quanto rendono i bond

4FceBank XS0746650984 BBB 02-17 109,295 1,883Bayer XS0255605239 A 05-18 116,258 1,863CarlsbergBrews XS0430699008 BBB 11-16 116,050 1,831Nib XS0104228845 AAA 11-19 119,397 1,833Vodafone Group XS0432619913 A 12-17 114,008 1,793At&T XS0426513031 A 04-17 113,780 1,761Eib XS0160386875 AAA 10-18 114,028 1,763BgEnergy Cap XS0431150654 A 12-17 113,382 1,713ImperialTob Fin XS0275432358 BBB 11-16 111,204 1,703ReedElsevier XS0271070525 BBB 10-16 111,400 1,653AkzoNobel Nv XS0422084698 BBB 04-16 115,150 1,633Kpn XS0248011446 BBB 03-16 109,531 1,621Abinbev BE6000183549 A 06-17 117,146 1,613FranceTelecom XS0427529325 BBB 05-16 108,338 1,603FceBank XS0559319172 BBB 11-15 107,088 1,581TotalCapital XS0430265693 AA 12-17 110,633 1,551BmwUkCapital XS0455542521 A 10-17 113,042 1,543Wales &West Fin XS0471076876 BBB 12-16 110,827 1,50

dollaro usa4CnpcOverseas USG21895AA87 A 04-16 103,675 1,614DaimlerFinan Na USU2339CAX66 A 04-17 102,649 1,604AnzBkg Gp Ny US05253JAA97 AA 10-17 101,031 1,603HyundaiCap USY38168AA19 BBB 04-16 105,255 1,544DnbBank XS0765615678 A 04-17 105,547 1,533BangkBnk USY0606WBR08 BBB 10-15 103,308 1,531NestleHoldings XS0878581890 AA 07-18 99,350 1,514NordeaBank US65557HAB87 AA 03-17 105,486 1,514DeutscheTel Int USN27915AA03 BBB 03-17 102,521 1,474BankOf Tm Ufj USJ0423YAT13 A 02-17 102,930 1,443Vw IntnlFinance XS0763676557 A 03-17 103,480 1,323HyundaiMotorCr USX3458MAA46 BBB 04-15 104,610 1,304TakedaPharm USJ8129EAB41 AA 03-17 101,075 1,29

4DaimlerFinan Na USU2339CAR98 A 09-16 103,798 1,271Eib XS0558939269 AAA 12-17 103,161 1,214SabicCapital I XS0554434240 A 11-15 103,549 1,193Kepco US50065GAB77 A 10-15 103,456 1,184IngBank USN45780CR71 A 09-15 101,563 1,174Ipic XS0558268628 AA 11-15 103,995 1,143VolvoTreasury USW9880JNA34 BBB 04-15 106,770 1,133KoreaH& NPw USY4899GAQ65 A 09-15 103,710 1,121HyundaiCap USU44886AC06 BBB 10-15 100,944 1,124DaimlerFinan Na USU2339CAK46 A 03-16 104,442 1,121NestleHoldings XS0795390318 AA 06-17 100,984 1,103Hutchison(09) USG46726AA63 A 09-15 106,477 1,101SchlumbergerInv USL81445AA37 A 09-16 102,495 1,061CouncilEurDev XS0296595670 AA 04-17 113,958 1,014DaimlerFinan Na USU2339CBB38 A 01-16 100,535 1,004IndBkKr Ny US45604HAB33 AA 10-15 100,698 1,001WoolworthsLtd USQ98418AJ75 A 04-16 105,210 0,991WoolworthsLtd USQ98418AG37 A 09-15 102,958 0,971AsianDev XS0533969415 AAA 08-17 104,774 0,961Vw IntnlFinance XS0611686642 A 04-16 104,663 0,921Lkb BwForderbnk XS0775564197 AAA 04-17 102,485 0,894Hsbc Bnk USG4637EFU40 AA 05-16 105,605 0,884DaimlerFinan Na USU2339CAY40 A 07-15 100,753 0,863QatariDiar Fin XS0527351570 AA 07-15 104,562 0,833Smbc USJ7771KMX20 A 07-15 103,965 0,831Eib XS0468848253 AAA 12-16 107,148 0,803AnzNational Int US00182FAJ57 AA 08-15 104,108 0,791Rabobank XS0737416965 AA 07-15 102,591 0,754DaimlerFinan Na USU2339CAW83 A 04-15 101,294 0,744NlWaterschapsbk US63983UAB89 AAA 06-16 103,620 0,734AmerHonda Fin US02666RAM34 A 09-15 103,360 0,714AmerHonda Fin US02666RAL50 A 03-15 103,817 0,71

fonte: Ufficio Studi su dati Thomson Reuters


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scad. indic. effet.


bond bancari a cura di

IT0004958051 Mediobanca13-23 4.50% (Tv) TassoMisto 4,50/Euribor3m+1,70/Cap 4,50%/Floor 3% 20 30/10/2013 30/10/2023 Si BBB 175 3,37 4,05IT0004958069 Med.13-21 4% Step-Up Euro Stoxx50 Link IndexLinked 4/4,50/EuroStoxx50/Cap 5,25%/Floor1% 20 30/10/2013 30/10/2021 Si BBB 175 1,86 —IT0004965916 BcoDesio 13-18 2% Step-Up Step-Up 2,00/4,00 20 30/10/2013 30/10/2018 Si BBB+ — 2,86 2,96IT0004967441 BcaCampania 13-17 2% Fisso 2 30 30/10/2013 30/10/2017 No — 2,01 2,51IT0004953151 BcaImi 13-193% (Tv) TassoMisto 3/Euribor3m+1,50/Cap4,50%/Floor 2,30% 300 31/10/2013 31/10/2019 No BBB — 2,57 3,1IT0004956477 Bipiemme 13-162.25% Fisso 2.25 30 31/10/2013 31/10/2016 No BBB- 359 2,25 2,08IT0004956501 Bipiemme 13-18 3.50% (Tv) TassoMisto 3,50/Euribor6m/Cap 4,50%/Floor2,50% 300 31/10/2013 31/10/2018 No BBB- 359 3,53 2,96IT0004957020 BcaImi 13-194.55% Step-Down/UpStep-Down/Step-Up 4,55/3,15/4,55 350 31/10/2013 31/10/2019 Si BBB — 3,6 3,1IT0004963663 Bnl13-16Tv Variabile Euribor3m+1,15 50 31/10/2013 31/10/2016 Si A- 105 1,38 2,04IT0004963713 CredBergamasco 13-18 4%(Tv) TassoMisto 4/Euribor3m/Cap4% 150 31/10/2013 31/10/2018 No BBB — 3,32 2,96IT0004963796 Bnl13-17 Tv Variabile Euribor3m+1,55 50 31/10/2013 31/10/2017 Si A- 105 1,79 2,15IT0004963804 Bnl13-18 Tv Variabile Euribor3m+1,55 50 31/10/2013 31/10/2018 No A- 105 1,79 2,28IT0004963838 BcoPop 13-18 4% (Tv) TassoMisto 4/Euribor3m/Cap4% 600 31/10/2013 31/10/2018 No BBB 390 3,32 2,96IT0004964224 Unicredit 13-18 2.50% Step-Up Step-Up 2,50/4,20 1800 31/10/2013 31/12/2018 Si BBB 242 3 2,96IT0004965015 Bnl13-18 4%Step-Down (Tv) TassoMisto 4/3,75/Euribor3m+0,25/Cap4% 100 31/10/2013 31/10/2018 Si A- 105 1,6 2,96IT0004966211 BcaPop Sondrio13-16 2.35% Fisso 2.35 15 31/10/2013 31/10/2016 No BBB — 2,36 2,08IT0004966237 BcaPop Sondrio13-18 3.25% Fisso 3.25 15 31/10/2013 31/10/2018 No BBB — 3,27 2,96IT0004961360 BcaImi 13-193% (Tv) TassoMisto 3/Euribor3m+1,45/Cap 4,50%/Floor 2,30% 500 04/11/2013 04/11/2019 No BBB — 2,57 3,1IT0004964240 Med.13-19 3.50%Euro Stoxx 50 Link TassoMisto 3,50/EuroStoxx50/Cap 7,30% 250 04/11/2013 04/11/2019 Si BBB 175 1,19 —IT0004966070 BcaPop Pugliese13-15 2% Fisso 2 20 07/11/2013 07/11/2015 No — 2,01 1,38IT0004966096 BcaPop Pugliese13-16 2.30% Fisso 2.3 15 07/11/2013 07/11/2016 No — 2,31 2,08IT0004966104 BcaPop Pugliese13-16 2.40% Fisso 2.4 15 07/11/2013 07/11/2016 No — 2,41 2,08IT0004966112 BcaPop Pugliese13-18 3.20% Fisso 3.2 15 07/11/2013 07/11/2018 No — 3,22 2,96IT0004966120 BcaPop Pugliese13-18 3.10% Fisso 3.1 15 07/11/2013 07/11/2018 No — 3,12 2,96IT0004966146 BcaPop Pugliese13-15 2.10% Fisso 2.1 20 07/11/2013 07/11/2015 No — 2,11 1,38IT0004963630 UbiBca 13-18 1.50% Step-Up Step-Up 1,50/3,00 125 08/11/2013 08/11/2018 No BBB- 227 2,15 2,96IT0004963671 UbiBca 13-20 2%Step-Up Step-Up 2,00/4,00 125 08/11/2013 08/11/2020 No BBB- 227 2,84 3,31IT0004963689 UbiBca 13-17 2% Step-Up Step-Up 2,00/3,00 40 08/11/2013 08/11/2017 No BBB- 227 2,51 2,51IT0004963812 UbiBca 13-16 2.25% Fisso 2.25 40 08/11/2013 08/11/2016 No BBB- 227 2,26 2,08IT0004963846 UbiBca 13-17 2.25% (Tv) TassoMisto 2,25/Euribor3m+0,50 125 08/11/2013 08/11/2017 No BBB- 227 1,51 2,51IT0004963861 UbiBca 13-15 1.60% Fisso 1.6 175 08/11/2013 08/11/2015 No BBB- 227 1,61 1,38IT0004963952 UbiBca 13-16 3% Fisso 3 35 08/11/2013 08/11/2016 No BBB- 227 3,02 2,08IT0004963986 UbiBca 13-16 2.50% Fisso 2.5 55 08/11/2013 08/11/2016 No BBB- 227 2,51 2,08IT0004965395 UbiBca 13-18 2.50% Hcpi Linked IndexLinked 2,50/Hcpi/Floor2% 100 08/11/2013 08/11/2018 No BBB- 227 2,1 —IT0004965650 BcaImi 13-194%(Tv) TassoMisto 4/Euribor3m+1,50/Cap4,50%/Floor 2% 250 11/11/2013 11/11/2019 Si BBB — 2,7 3,1IT0004960149 CaRisp Bolzano 13-22 Zc ZeroCoupon 5.11 92 15/11/2013 15/11/2022 No Ba1 — 5,11 3,95IT0004964976 UbiBca 13-15 2.10% Fisso 2.1 20 15/11/2013 15/11/2015 No BBB- 227 2,11 1,38IT0004965627 BcaImi 13-193% (Tv) TassoMisto 3/2,75*Euribor3m/Cap 6%/Floor 1,40% 70 15/11/2013 15/11/2019 Si BBB — 1,68 3,1IT0004965791 Intesa Sanpaolo13-17 2.60% Fisso 2.6 150 15/11/2013 15/11/2017 Si BBB 218 2,6 2,51IT0004965809 Intesa Sanpaolo13-18 Tv Variabile Euribor3m+2,20 500 15/11/2013 15/11/2018 Si BBB 218 2,46 2,28IT0004965742 Mps13-15 2% Fisso 2 900 18/11/2013 18/11/2015 Si BBB 425 2,01 1,47IT0004965841 Mps13-16 3% Fisso 3 163 18/11/2013 18/11/2016 Si BBB 425 3,02 2,2IT0004965965 Mps13-15 2.50% Fisso 2.5 313 18/11/2013 18/11/2015 Si BBB 425 2,51 1,47IT0004964117 CaRisp Bolzano 13-17 2.25% Fisso 2.25 15 02/12/2013 02/06/2017 No Ba1 — 2,1 2,37IT0004967276 Mps13-16 2.80% Fisso 2.8 400 02/12/2013 02/12/2016 Si BBB 425 2,82 2,2IT0004965577 Mediobanca13-18 3.20% Fisso 3.2 20 04/12/2013 04/12/2018 Si BBB 175 3,2 2,96IT0004965585 Med. 13-193.50% S&P 500 Linked IndexLinked 3,50/S&P500/Cap4,25%/Floor 1% 15 04/12/2013 04/12/2019 Si BBB 175 2,13 —

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% 102,20 2,32 2,58 1,0035IT0004821432 giu-16 3,55% 105,25 2,33 2,41 1,0062IT0004863608 ott-16 2,55% 102,33 2,55 2,76 1,0008IT0004917958 apr-17 2,25% 100,72 2,85 3,05 1,0008BTplegati all'inflazione europeaIT0004682107 set-16 2,10% 102,73 2,30 2,59 1,06386IT0004085210 set-17 2,10% 102,00 2,70 3,07 1,15496IT0004380546 set-19 2,35% 102,28 3,05 3,56 1,10008IT0004604671 set-21 2,10% 97,39 3,57 4,25 1,07665IT0004243512 set-23 2,60% 99,07 3,80 4,65 1,13455IT0004735152 set-26 3,10% 101,52 4,03 5,01 1,05388IT0003745541 set-35 2,35% 90,46 4,02 5,14 1,18798IT0004545890 set-41 2,55% 86,91 4,35 5,52 1,07970

BTpIT0004780380 nov-14 6,00% 105,34 0,86 44IT0004840788 lug-15 4,50% 105,22 1,41 91IT0004761950 set-16 4,75% 107,69 2,00 133IT0004867070 nov-17 3,50% 103,59 2,57 161IT0004361041 ago-18 4,50% 107,62 2,80 171IT0004489610 set-19 4,25% 106,16 3,11 177IT0004594930 set-20 4,00% 104,29 3,32 177IT0004695075 set-21 4,75% 107,90 3,62 193IT0004848831 nov-22 5,50% 111,80 3,97 217IT0004644735 mar-26 4,50% 103,07 4,22 191IT0003256820 feb-33 5,75% 113,35 4,74 226IT0003934657 feb-37 4,00% 91,47 4,65 181IT0004532559 set-40 5,00% 102,54 4,89 218

BTPREALI E NOMINALI A CONFRONTOtitolidistato inflationlinked a confronto coni piùtradizionali btp a tasso fisso.dati al24.10.2013isin 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 1,1% per l’Italia e al1,2%per l’area euro.2 Rendimento a scadenza Swil: Rendimento a scadenza Swil: Rendimento calcolato considerando le previsioni di inflazione media futura del mercato degli "infla-tionswap".Quest'ultimi, anchedenominati con l'acronimoSwil,sono operazioni finanziarieattraverso le qualiduecontroparti istituzionali identificanoun tassodiinflazionemedio,relativoadundeterminatoperiododitempofuturo.Sel'inflazionesaràsuperioreunacontropartepagheràall'altraladifferenzaeviceversa.Pergliinvestitorigli inflation swapsonoutili perverificare le aspettativedi inflazionefutura dapartedei grandioperatori internazionali.3 Index ratio:È l'indice per il qualeva moltiplicato il prezzoe idietimi perdeterminare l'effettivoesborso (o incasso)monetario.4AswSpread: indica il differenzialedirendimento trauna determinataobbligazione atassofisso eil livellodi tassodella curvadegli InterestRateSwap(Irs) dipariscadenza. Tanto maggiore è il Asw Spread, tanto più elevato è il rischio di credito associato dal mercato a quel determinato emittente alle diverse scadenze, inquestocasolaRepubblica Italiana.


due scenari per i bond a cura di

FR0010014845 Giepsatresor st-336% 19-09-2003 19-09-2033 3157 96,920 * 6,27 1,53 11,93 32,23 7,46 0,95 11,90IT0004917842 Mediobancaap-23 5.75% subord BBB 18-04-2013 18-04-2023 2715 105,180 5,04 1,07 7,42 — 2,36 1,75 8,19IT0004794142 Enel20-02-18 4.875% BBB 20-02-2012 20-02-2018 1873 109,574 2,50 -0,12 3,90 9,45 3,24 0,98 3,91IT0004869985 Atlantia30-11-18 3.625% BBB 30-11-2012 30-11-2018 1443 105,485 2,46 -0,41 4,61 — 1,69 0,60 4,24XS0161100515 Telecomfinge-33 7.75% 24-01-2003 24-01-2033 1152 110,780 * 6,72 2,01 10,48 4,82 5,01 1,83 11,38IT0004576978 Enel26-02-16 3.5% BBB 26-02-2010 26-02-2016 944 104,193 1,65 0,03 2,23 5,60 1,35 0,99 2,24FR0011439975 Peugeot 06-03-187.375% 06-03-2013 06-03-2018 944 109,990 * 4,77 2,14 3,75 — 5,49 3,18 5,97IT0004618507 Crediop28-06-16 3.6% 28-06-2010 28-06-2016 760 99,793 3,67 1,85 2,57 15,48 2,99 2,85 4,43FR0011567940 Peugeot 18-01-19 6.5% 18-09-2013 18-01-2019 724 106,880 * 4,95 2,04 4,61 — — 3,18 6,79IT0004645542 Mediobancanv-20 5%subord BBB 15-11-2010 15-11-2020 706 103,820 4,35 1,01 5,87 8,69 2,10 1,76 6,68IT0004799927 Unicredit 30-01-164% 30-03-2012 30-01-2016 686 103,530 * 2,39 0,81 2,17 7,39 2,31 1,75 2,94IT0004783046 Mediobancadc-17 zc BBB 12-12-2011 12-12-2017 633 89,449 2,74 0,19 4,13 9,91 3,51 1,19 4,32IT0004605074 Unicredit 31-05-20 susubord 31-05-2010 31-05-2020 619 101,860 * 4,03 1,32 4,20 15,05 2,52 2,36 5,58IT0001200390 Comit17-02-28 zc BBB 17-02-1998 17-02-2028 618 52,356 4,62 0,19 14,32 25,60 4,54 -1,76 11,57IT0004698426 Unicredit 31-03-18su subord 31-03-2011 31-03-2018 585 102,000 * 3,89 2,21 2,27 9,03 1,59 2,67 4,07IT0004936289 Mittel12-07-196%call 12-07-2013 12-07-2019 569 103,801 5,29 2,22 4,85 — 2,53 3,20 7,08IT0004842370 Ubi08-10-19 6%subord 08-10-2012 08-10-2019 531 105,447 4,51 2,02 3,55 8,97 1,97 3,15 5,72IT0000966017 Comit08-01-27 zc BBB 08-01-1997 08-01-2027 521 54,745 4,67 0,34 13,21 24,75 3,90 -1,27 10,94IT0004871965 Intesaspaologe-19 su 18-01-2013 18-01-2019 497 104,290 * 3,01 0,10 4,75 — 4,08 1,06 4,84IT0004568371 Centrobancafb-16 3.15% 26-02-2010 26-02-2016 491 100,990 * 2,70 1,08 2,24 5,94 1,73 2,02 3,28IT0004764004 Unicredit 31-10-18 susubord 31-10-2011 31-10-2018 471 105,520 * 4,35 2,32 2,68 9,27 3,10 3,26 4,99XS0768457433 Palladium 15-05-19zc 15-05-2012 15-05-2019 452 78,930 * 4,36 1,34 5,55 8,79 9,33 2,10 6,65IT0004608797 Mediobancamg-204.5% BBB 14-05-2010 14-05-2020 448 104,745 3,66 0,41 5,73 9,04 2,85 1,28 6,03IT0004760655 Eni11-10-17 4.875% A 11-10-2011 11-10-2017 430 112,089 1,69 -0,80 3,70 5,95 1,28 0,34 3,04IT0004771710 Mps30-11-17 su 30-11-2011 30-11-2017 428 106,819 3,94 1,40 3,62 8,34 1,08 2,44 5,10IT0004849318 Intesaspaoloot-17 4.8% 05-10-2012 05-10-2017 408 107,940 * 2,65 0,17 3,68 11,06 2,40 1,30 3,99IT0001203253 Mc.Centrale fb-28 zc 10-02-1998 10-02-2028 400 51,838 4,70 0,27 14,30 27,27 3,34 -1,68 11,63IT0004908841 Intesaspaolo15-05-19 su 15-05-2013 15-05-2019 395 101,050 * 3,25 0,23 5,12 — 3,57 1,17 5,30IT0004657471 Bp.Vicenzadc-174.6% subord 15-12-2010 15-12-2017 388 97,340 * 5,99 4,49 1,94 6,05 1,05 4,17 5,31IT0004781073 Bp.Vicenzadc-188.5% subord 28-12-2011 28-12-2018 373 105,750 * 6,38 4,28 2,71 9,24 0,03 5,11 6,88IT0004645963 Ubi05-11-17 4.3% subord 05-11-2010 05-11-2017 361 100,887 3,86 2,42 1,89 5,86 0,18 2,47 3,58IT0004780562 Unicredit 31-01-19tf/su subord 23-12-2011 31-01-2019 352 108,690 * 4,70 2,55 2,89 9,73 3,28 3,54 5,48IT0001205589 Mc.Lombardo fb-28 zc 18-02-1998 18-02-2028 346 51,671 4,72 0,29 14,32 28,07 3,78 -1,72 11,60IT0004698178 Crediop07-03-16 4.85% 07-03-2011 07-03-2016 337 101,922 3,96 2,32 2,22 12,45 2,66 3,23 4,48IT0004816663 Unicredit 31-01-164% 31-05-2012 31-01-2016 328 103,400 * 2,42 0,84 2,15 7,59 2,13 1,77 2,95IT0004898273 Intesaspaolo10-04-19 su 10-04-2013 10-04-2019 326 102,520 * 3,20 0,22 5,00 — 3,52 1,19 5,21IT0004423114 Intesaspaolonv-15 6.25% subord 12-11-2008 12-11-2015 319 102,420 * 3,80 2,98 0,98 5,30 1,59 2,31 2,64IT0004632862 Centrobancast-16 su 30-09-2010 30-09-2016 313 100,720 * 2,74 0,76 2,84 8,75 1,99 1,81 3,65IT0004917867 Unicredit 15-07-20tf/su subord 15-05-2013 15-07-2020 309 100,000 * 4,16 1,41 4,34 — 7,73 2,46 5,82IT0004777121 Unicredit 30-11-17 5% 30-11-2011 30-11-2017 284 106,990 * 3,15 0,61 3,66 9,42 3,57 1,67 4,37FR0011233451 Peugeot 11-07-175.625% 11-04-2012 11-07-2017 281 106,260 * 3,77 1,40 3,41 15,38 4,20 2,52 4,94IT0004429590 Intesaspaolonv-15 5.87% subord 26-11-2008 26-11-2015 266 102,090 * 3,83 2,99 1,02 5,48 1,64 2,37 2,72IT0004854094 Intesaspaolonv-17 4% 05-11-2012 05-11-2017 266 104,860 * 2,70 0,18 3,67 — 2,56 1,28 3,98IT0004842685 B.Imi12-09-17 5% 12-09-2012 12-09-2017 265 108,560 * 2,64 0,19 3,61 10,78 2,34 1,34 3,96XS0229567440 Ge19-09-35 4.125% subord 19-09-2005 19-09-2035 256 100,870 * 4,06 -0,70 14,81 9,62 1,49 -2,55 11,29IT0004898497 Intesaspaoloap-16 2.75% 10-04-2013 10-04-2016 236 100,630 * 2,47 0,78 2,38 — 1,50 1,75 3,14IT0004723489 Ubi30-06-18 5.4% subord 30-06-2011 30-06-2018 224 103,335 4,09 2,26 2,46 7,29 1,35 2,94 4,49IT0004682545 Intesaspaolomz-17 su 03-03-2011 03-03-2017 210 104,940 * 2,51 0,32 3,13 10,25 2,04 1,39 3,55IT0004849342 Intesaspaoloot-17 4.8% 04-10-2012 04-10-2017 204 107,940 * 2,65 0,17 3,68 11,60 2,40 1,30 3,98IT0001086658 S.Paoloimige-22 zc BBB 30-01-1997 30-01-2022 198 72,746 3,92 0,22 8,27 9,66 0,99 0,40 7,67IT0004803505 Unicredit 11-04-164.15% 11-04-2012 11-04-2016 196 103,960 * 2,46 0,77 2,34 8,23 2,34 1,73 3,09IT0004615305 Unicredit 14-06-17 susubord 14-06-2010 14-06-2017 190 101,560 * 3,35 1,85 2,05 8,27 1,15 2,44 3,59NL0009061357 Rbs08-10-16 4.3% A 08-10-2009 08-10-2016 187 107,382 1,73 -0,26 2,79 5,39 1,45 0,81 2,62IT0004826092 Unicredit 24-07-18 5.65% 24-07-2012 24-07-2018 182 108,450 * 3,67 0,92 4,26 9,56 2,60 2,00 5,27IT0004572878 Ubi23-02-17 3.1% subord 23-02-2010 23-02-2017 174 100,101 3,06 1,75 1,76 6,22 0,54 2,04 2,98IT0004772676 Unicredit 16-11-17 zc 16-11-2011 16-11-2017 173 88,990 * 2,92 0,39 4,05 11,83 2,42 1,40 4,46IT0004849300 Intesaspaoloot-17 4.8% 03-10-2012 03-10-2017 169 107,940 * 2,64 0,16 3,68 11,05 2,40 1,32 4,00IT0004825029 Unicredit 24-08-18 5.65% 24-08-2012 24-08-2018 167 108,317 3,73 0,95 4,34 4,73 2,29 2,03 5,38FR0011568963 Renault19-09-18 3.625% call 19-09-2013 19-09-2018 166 103,110 * 2,93 0,12 4,56 — — 1,16 4,73NL0009354505 Rbs22-02-16 4% 22-02-2010 22-02-2016 162 105,363 1,62 0,01 2,21 5,84 0,99 0,97 2,21IT0004887896 Intesaspaolofb-19 su 08-02-2013 08-02-2019 158 101,310 * 3,06 0,13 4,88 — 4,21 1,06 4,96IT0004849276 Unicredit 28-09-164.25% 28-09-2012 28-09-2016 152 104,020 * 2,84 0,87 2,76 7,78 2,01 1,89 3,67IT0004816937 Unicredit 12-06-165% 12-06-2012 12-06-2016 151 105,740 * 2,69 0,89 2,49 9,09 2,24 1,90 3,41

datial 23.10.2013 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

IT0004695018 Intesaspaolomz-17 su 31-03-2011 31-03-2017 140 105,300 * 2,53 0,30 3,20 10,14 2,11 1,38 3,60IT0004907264 Moviemaxmg31-12-19 8% call 29-05-2013 31-12-2019 139 103,808 7,42 4,23 4,94 — 2,65 5,19 9,16IT0004887870 Intesaspaolofb-16 2.2% 08-02-2013 08-02-2016 139 99,560 * 2,40 0,81 2,22 — 1,42 1,75 2,98IT0004416795 Intesaspaoloot-15 6.16% subord 29-10-2008 29-10-2015 138 102,260 * 3,79 3,00 0,94 4,95 1,57 2,26 2,57IT0004717333 Intesaspaolomg-17 su 31-05-2011 31-05-2017 133 105,600 * 2,57 0,26 3,37 10,50 2,25 1,36 3,74IT0004727274 Intesaspaololg-17 4.1% 04-07-2011 04-07-2017 132 105,140 * 2,61 0,25 3,46 11,03 2,34 1,36 3,83XS0182242247 Finmeccanicadc-185.75% 12-12-2003 12-12-2018 132 109,820 * 3,61 0,73 4,41 7,49 3,42 1,75 5,21IT0004909005 Intesaspaolomg-16 2.5% 15-05-2013 15-05-2016 130 99,920 * 2,52 0,77 2,48 — 1,58 1,76 3,25IT0004718489 Ubi16-06-18 5.5% subord 16-06-2011 16-06-2018 127 103,687 4,03 2,22 2,42 8,07 1,60 2,87 4,40IT0004808421 Unicredit 21-05-185% 21-05-2012 21-05-2018 125 105,582 3,64 0,94 4,13 8,20 2,15 2,02 5,16XS0626808496 Ge.Eurfundgn-17 3.625% A 15-06-2011 15-06-2017 124 107,917 1,37 -0,96 3,44 3,42 0,73 0,15 2,60NL0009483825 Rbs22-06-205% 22-06-2010 22-06-2020 123 111,730 3,06 -0,21 5,71 8,20 2,69 0,64 5,38IT0004883689 Unicredit 28-02-20 tf/susubord 31-12-2012 28-02-2020 116 99,850 * 4,13 1,51 3,94 — 3,04 2,54 5,50IT0004703952 Intesaspaolomg-17 su 03-05-2011 03-05-2017 112 105,330 * 2,56 0,29 3,29 10,36 2,18 1,36 3,67IT0004747330 Unicredit 19-08-18su subord 19-08-2011 19-08-2018 112 102,920 * 4,01 2,10 2,66 10,35 2,29 2,98 4,68IT0001306171 Mc.Centrale fb-19 sd/oc 18-02-1999 18-02-2019 111 120,095 4,27 1,33 5,31 14,70 1,56 2,16 6,48XS0177089298 Enel29-09-235.25% 29-09-2003 29-09-2023 109 112,610 * 3,70 -0,32 8,09 12,16 6,54 0,26 7,35IT0004907850 Unicredit 30-06-20 tf/su callsubord 29-04-2013 30-06-2020 108 99,830 * 4,21 1,48 4,30 — 7,51 2,52 5,83IT0004828171 Deutschebankst-22 zc 06-09-2012 06-09-2022 104 77,870 * 2,86 -1,02 8,86 — 0,72 -0,97 6,90IT0004866361 Intesaspaolodc-16 3.25% 04-12-2012 04-12-2016 103 102,260 * 2,48 0,41 2,92 — 2,50 1,44 3,39XS0170343247 Enel12-06-184.75% 12-06-2003 12-06-2018 103 110,570 * 2,31 -0,41 4,22 7,64 3,29 0,67 3,90IT0004749773 Bp.Vicenzaag-165% 05-08-2011 05-08-2016 102 103,100 * 3,84 1,95 2,60 7,36 0,93 2,96 4,58IT0003269385 Cariprato16-01-17 zc 03-04-2002 16-01-2017 97 87,710 * 4,15 2,02 3,22 7,26 0,79 3,06 5,28NL0009287614 Rbs11-12-194.6% A 11-12-2009 11-12-2019 95 107,845 3,22 0,04 5,38 6,95 3,98 0,98 5,38IT0004812142 Unicredit 09-05-174% 09-05-2012 09-05-2017 94 103,310 * 2,99 0,71 3,31 9,97 2,08 1,79 4,12IT0004808710 Intesaspaolomg-16 3.8% 04-05-2012 04-05-2016 92 103,720 * 2,26 0,53 2,41 8,14 1,48 1,50 2,93IT0004852312 Deutschebanknv-22 zc 13-11-2012 13-11-2022 92 77,010 * 2,93 -1,00 9,05 — 0,15 -1,03 7,03IT0004825763 Mps06-08-16 4.45% 06-08-2012 06-08-2016 90 103,120 * 3,28 1,39 2,62 10,79 0,74 2,40 4,05NL0009054907 Rbs20-04-19 5.5% A 20-04-2009 20-04-2019 88 112,548 3,02 0,02 4,85 6,28 2,58 1,05 4,92IT0001312708 Centrobancamz-19 sd/oc 16-03-1999 16-03-2019 87 100,260 4,18 1,21 5,39 10,18 2,17 2,00 6,39IT0004866353 Intesaspaolodc-18 su 04-12-2012 04-12-2018 85 104,760 * 2,96 0,09 4,64 — 4,06 1,08 4,74FR0010957282 Peugeot 28-10-165% 28-10-2010 28-10-2016 84 104,840 * 3,28 1,26 2,87 14,18 2,88 2,35 4,21IT0004806730 Unicredit 20-04-18su 20-04-2012 20-04-2018 83 104,650 * 3,55 0,88 4,08 8,98 2,79 1,96 5,06IT0004863723 B.Imi18-10-19 4.1% 18-10-2012 18-10-2019 78 104,780 3,21 0,06 5,43 9,25 1,96 1,00 5,43XS0551319964 Nordeabanknv-16 su 30-11-2010 30-11-2016 78 103,050 * 1,28 -0,79 2,97 1,39 0,58 0,26 2,25XS0453676735 Rabobank30-10-15 2.68% 30-10-2009 30-10-2015 77 103,900 * 0,71 -0,72 1,93 1,75 0,32 0,23 1,18NL0009056563 Rbs26-06-16 zc A 26-06-2009 26-06-2016 75 94,007 2,35 0,53 2,67 4,50 1,55 1,51 3,18

datial 23.10.2013 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, EuroMOT e TLX, di emittenti bancari o corporate, aTasso Fisso, StepUp, StepDown e Zerocoupon con vita residua di almeno due anni, con lotto minimo acquistabile non superiore a 10mila euro e con unaquantitàtrattatamedianegliultimi10giornidialmenomilleeuro.Isin:Codiceidentificativodelprestitoobbligazionario-Descrizione:Descrizionedell'emitten-te, della data di scadenza e delle principali caratteristiche anagrafiche secondo la seguente legenda: su: step-up, sd: step-down, oc: one coupon, zc: zerocou-pon,tf:tassofisso,subord:obbligazionisubordinateperlequali ipossessorisonosoddisfattisuccessivamenteaglialtricreditori incasodi liquidazionedell'enteemittente, call: obbligazione con facoltà di rimborso anticipato da parte dell'emittente. Data Scadenza: è la data in cui viene rimborsata l'ultima quota dicapitale (normalmente l'unica) del titolo. Rating: Giudizio sull'affidabilità dell'emittente in merito al pagamento delle cedole e dei rimborsi previsti dal titolo.Quantità media trattata: è la quantità media trattata sul mercato negli ultimi 10 giorni lavorativi. In migliaia di euro. Prezzo di listino: prezzo di chiusura sulmercatodiquotazionedeltitolo(MOT,EuroMOToppureTLXsepresente*):perititolizerocouponsiintendetel-quel,cioècomprensivodellapartediinteressimaturata alla data, altrimenti si intende sempre corso secco, cioè non comprensivo del rateo cedola. Rend. Lordo %: indica il rendimento effettivo lordonell'ipotesicheiltitolovengatenutofinoascadenzaechetuttii flussivenganoreinvestitiallostessotasso.DurationLorda:èlavitamediafinanziariaespressainanni e frazioni d'anno: è il baricentro temporale dei flussi (cedole e rimborsi) futuri attualizzati. La duration rappresenta un indicatore di rischio: maggiore è laduration, maggiore è la rischiosità intesa come reattività del prezzo del titolo al variare del suo rendimento. Spread %: esprime la differenza di rendimentoeffettivo lordo dell'obbligazione rispetto ad un titolo di Stato Italiano di similare durata. Performance passate: Rappresenta il rendimento di periodo ottenutonelcasodiacquistodell'obbligazionenelpassato(unannofaotremesifa)edivenditasulmercatoalladatadiriferimentoealprezzodilistino, ipotizzandoilnonreinvestimento dei flussi incassati nel periodo. Performance tra 1 anno: Indica il rendimento di periodo che si otterrebbe in caso di acquisto dell'obbligazione,alladatadiriferimentoealprezzodi listino,edivenditadeltitolotraunanno,afrontediunoscenariodivariazionedeitassirispettivamentepositivoonegativodi50basis pointse nell'ipotesidi nonreinvestire glieventuali flussiche saranno incassatinel periodo:Rend +0.5%: performance prevista incaso di aumentodeitassidi interessedi 0.5%;Rend -0.5%: performanceprevista incasodi diminuzionedei tassi di interessedi 0.5%.


obbligazioni convertibili a cura di

B.ca Intermobiliare07/15 Sub 1,500 7,500 1,000 142 96,70 3,10 +0,10 -0,32 3,47 41,3 134,6BancaCarige 12/13Sub 1,500 2,187 1,143 277 115,05 0,58 +0,06 -1,36 9,35 26,6 334,7Banco Popolare 03/14 4,750 6,150 1,000 327 100,80 1,44 +0,27 -2,90 2,65 23,4 331,0Cogeme SET03/14 * 6,000 1,300 1,000 30 — 1,00 — — — 3,7 —Eukedos11/16 3,000 1,400 0,857 114 85,00 0,65 +2,31 -3,04 8,75 46,7 85,1Sias06/17 2,625 10,500 1,000 38 100,29 7,62 +0,40 +3,46 2,54 72,6 38,1(Noriskprestaoccasionalmenteeautonomamenteattivitàdi consulenzaafavoredegliemittentidegli strumenti finanziarioggettodi analisi)

LEGENDA*Titolosospeso.PrezzoConversione: il valore,determinatoall'emissioneed espressointerminidi valorenominaledell'obbligazione, alquale l'obbligazionepuòessereconvertita inun'azione.RapportoConversione:numero diazionidi compendionellequaliun'obbligazioneèconvertibile.Distanzastrike:rapporto traprezzoconversioneequello dell'azionesottostante.Rendimento ascadenza:"yieldto worst"ovvero ilminimorendimentoottenibilenelcaso incui l'emittentenonfallisca,calcolatotenuto contodel peggiorescenario possibile inbasealle condizionidel prestito(e.g. clausoledirimborsoanticipato,opzioni sullecedole). Parità:valoredellaconversione,espresso intermini %sulnominale,qualora l'obbligazione fosseconvertitanell'azionesottostanteal prezzocorrente dimercato, tenutoconto delrapportodi conversione.PremioConversione:differenzatra ilprezzodell'obbligazionee lasuaparità,espressa intermini%sulla parità. Indica ladistanza dallacondizionediconversione: unpremiopiùelevato implicaunamaggiore prevalenzadellacomponenteobbligazionaria,mentre unpremiopiùcontenutounamaggioreprevalenzadella componenteopzionale.CARATTERISTICHE DELLE 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 IIXS0343877451 CreditAgricole 5,971 01/02/2018 EUR Baa3 BBB+ A- 114,68 — 2,310 50XS0185490934 Citigroup 4,750 10/02/2019 EUR Baa3 BBB+ BBB+ 99,28 7,090 2,950 43506 3Meuribor+140BP 1NL0000113892 Ing 4,625 15/03/2019 EUR Baa2 — A- 100,25 3,830 2,850 42078 3MEuribor+144BP 1ES0213211099 BBVA 4,375 20/10/2019 EUR Ba1 BB+ BBB 92,19 11,490 3,990 43758 3MEuribor+87BP 100XS0213101230 IntesaSanpaolo 3,750 02/03/2020 EUR Ba1 BBB- BBB 94,13 8,550 3,950 42065 3MEuribor+89 BP 50XS0497179035 Nordea bank 4,500 26/03/2020 EUR Baa1 A A+ 109,79 — 2,810 50XS0618847775 Unicredit 6,125 19/04/2021 EUR Ba1 BBB- BBB 105,22 — 5,260 100XS0826634874 Rabobank 4,125 14/09/2022 EUR A2 A AA- 105,43 — 3,400 100XS0802638642 Generali 10,125 10/07/2042 EUR Baa3 BBB BBB- 127,03 6,030 8,680 44752 3MEuribor+918.1 BP 100DE000A1RE1Q3 Allianz 5,625 17/10/2042 EUR A2 A+ A 112,91 3,890 6,030 44851 3MEuribor+500BP 100TIERIXS0221011454 HannoverRe 5,000 Perpetual EUR — A A- 102,96 3,050 5,310 42156 3MEuribor+268BP 1XS0542298012 Rwe 4,625 Perpetual EUR Baa3 BBB- BBB- 102,29 3,370 5,250 42275 5YRMid Swap+265BP 1FR0010289496 Vinci 6,250 Perpetual EUR Baa3 BBB- BBB- 107,25 2,560 6,160 42321 3MEuribor+375 BP 50XS0234434222 Henkel 5,375 Perpetual EUR Baa1 BBB BBB+ 106,65 2,060 5,340 42333 3MEuribor+285BP 1XS0253627136 SwissReinsurance 5,252 Perpetual EUR Baa1 A — 104,50 3,430 4,800 25.05.2016 6MEuribor+209 BP 50XS0254808214 Solvay 6,375 Perpetual EUR Baa3 BBB- BBB 107,30 3,370 5,880 42523 3MEuribor+335 BP 1XS0674277933 EnBW 7,375 Perpetual EUR Baa2 BBB- BBB 110,65 3,980 7,540 42827 5YRMid Swap+540.1BP 1XS0484213268 Tennet 6,655 Perpetual EUR Baa3 BBB — 110,70 3,430 5,860 42887 5YRMid Swap+360BP 50XS0283629946 Generali 5,479 Perpetual EUR Ba1 BBB- BBB- 98,54 5,970 5,250 02.08.2017 3MEuribor+214BP 50FR0010814434 CreditAgricole 7,875 Perpetual EUR Ba2 BBB- BBB- 113,00 5,290 8,020 26.10.2019 3MEuribor+642.4 BP 50

LEGENDALeobbligazioni subordinateoffronominorigaranzieall’investitore interminidicertezzadel flussocedolare e/otutele incasodi liquidazione dell’emittente.Afrontedi questeminorigaranzie questa tipologiadi titolioffrerendimenti maggiori (avolteanche dimolto)rispetto allenormali emissioni(definite"senior").Esistonodiverse tipologiedi obbligazionisubordinate: ledue piùdiffuse,che sempreconmaggiorefrequenza vengonoproposteagli investori retail,sonoquelledenominate "LowerTier II" (LT2) e"Tier I"(T1).LeobbligazioniLower Tier II rappresentano ilminorgradodi subordinazione e ,quindi, la tipologiadititolimenorischiosi(tra quelli subordinati)pergli investitori.È infatti garantito ilpagamentodelle cedolee il rimborsodelcapitale ascadenza,amenoovviamentedi insolvenzadell’emittente. Incasodi insolvenzaomessa in liquidazionedell’emittente, il rimborso (totaleoparziale)di questa tipologiadi bondrisultasubordinato (dacui ilnome)al pienorimborsodi tutti icreditoriche risultanoavereprecedenza, inclusi icorrentisti e ipossessoridi obbligazioni"senior".LeobbligazioniTier Irappresentano, invece, ilpiùelevato gradodisubordinazione,visto chenon sonogarantitiné ilpagamentodelle cedole,néilrimborsodelcapitale.Questa tipologiadi titoli, infatti, nonha di fattoscadenzao,se prevista,essaèprorogabile indefinitamente(da cui ilnomedi "perpetui"o"perpetual"). In casodi insolvenzao messa in liquidazionedell’emittente, il rimborso(totaleoparziale) diquesta tipologiadi obbligazioni risulta subordinatoalpienorimborsodituttigli altricreditori, inclusi icorrentistie i possessoridiobbligazioni LowerTier II.1 Rendimentoalla prossimadata dirimborsoanticipato.2 Rendimento alladata discadenza ovenon vi fosse rimborsoanticipato.3 Prossimadata dirimborsoanticipato.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 7,44 27,91 — 3,16 3,86AcomeAItalia A1 mmmmm 14,78 30,27 22,63 1,46 2,02AcomeAItalia A2 mmmmm 14,79 31,08 22,63 — —AllianzAz. Ita.All Stars mmmmm 8,75 27,42 25,18 3,91 5,51AnimaGeo Italia A mmmmm 7,77 28,25 26,35 4,39 5,67AnimaGeo Italia Y mmmmm 7,91 30,18 26,35 5,92 7,09ANM Anima ItaliaA mmmmm 7,55 28,19 26,35 2,18 4,09ANM Anima ItaliaF mmmmm 7,73 — — — —ArcaAzioni Italia mmmmm 7,86 28,28 27,44 3,75 5,13Bnl Azioni Italia mmmmm 8,13 25,17 26,45 1,07 3,68CarigeAzionario Italia A mmmmm 8,66 26,85 18,73 3,08 4,47EurizonAz.Italia mmmmm 8,88 27,41 27,79 2,42 4,21EurizonAz.PMIItalia mmmmm 8,25 43,88 43,57 3,35 5,30Euromob.Azioni Italiane mmmmm 6,77 23,89 25,01 2,73 3,93Fideuram Italia mmmmm 9,14 36,17 27,80 6,55 8,02FonderselP.M.I. mmmmm 9,30 47,16 35,57 7,21 10,53Fonditalia Eq. ItalyR mmmmm 8,46 33,52 — 5,40 6,99Fonditalia Eq. ItalyT mmmmm 8,52 34,37 — 6,06 —GestnordAz.Italia A mmmmm 7,82 28,60 26,33 5,41 5,43GestnordAz.Italia CY mmmmm 7,92 — — — —Interf.Equity Italy mmmmm 8,20 32,06 — 4,82 6,82PioneerAz. Crescita A mmmmm 7,66 24,38 30,25 1,69 2,39PioneerAz. Crescita B mmmmm 7,64 24,03 — — —Symp. Selez. Italia mmmmm 8,34 34,17 30,74 5,40 5,56SynergiaAz. Italia mmmmm 8,20 29,47 26,04 3,81 —SynergiaAz.Sm.CapIt. mmmmm 7,31 40,30 40,96 5,04 —UBIPra. Azioni Italia mmmmm 6,57 29,33 26,37 4,54 5,32ZenitMc Pianeta ItCl.I mmmmm 9,93 37,38 — 9,51 8,70ZenitMc Pianeta ItCl.R mmmmm 9,89 36,48 22,61 8,58 7,84comit 6,68 23,24 — -1,04 0,42area euro 3,31 22,34 — 5,13 6,298a+Eiger mmmmm 6,45 22,37 23,81 6,85 12,62Agora Equity mmmmm 2,63 21,09 30,81 -2,16 5,62Alto Azionario mmmmm 2,49 21,46 22,17 3,38 2,70BancoPosta Azion. Euro mmmmm 4,00 22,72 25,27 8,95 10,19EpsilonQEquity mmmmm 3,94 23,47 22,52 5,40 7,54EurizonAz.AreaEuro mmmmm 3,69 22,81 24,81 3,69 6,29Symp. Azionario Euro mmmmm 5,22 28,53 21,43 3,56 7,10UBIPra. Azionario EticoE mmmmm 4,09 22,29 26,70 3,89 6,70UBIPra. Azioni Euro mmmmm 4,48 24,28 24,41 7,67 9,37msci euro 4,09 24,54 — 6,85 9,35europa 2,17 19,06 — 7,33 8,74AcomeAEuropa A1 mmmmm 8,52 34,37 22,55 5,29 6,78AcomeAEuropa A2 mmmmm 8,06 35,14 22,55 — —AllianzAzioniEuropa mmmmm 1,05 16,89 19,08 9,54 12,47AllianzMultiEuropa# mmmmm 0,84 17,80 17,98 5,31 6,82AmundiEurope Equity# mmmmm 1,47 16,45 17,95 6,63 8,97AnimaGeo Euro Pmi A mmmmm 4,43 30,62 30,87 12,41 16,77AnimaGeo Euro Pmi Y mmmmm 4,57 32,58 30,87 14,04 18,38AnimaGeo Europa A mmmmm 3,03 21,56 19,05 9,61 11,84AnimaGeo Europa Y mmmmm 3,17 23,38 19,05 11,20 13,41ANM Anima EuropaA mmmmm 2,75 21,42 18,87 5,71 8,07ANM Anima EuropaF mmmmm 2,82 — — — —ANM Anima IniziativaEu A mmmmm 4,19 30,10 30,87 8,22 11,90ANM Anima IniziativaEu F mmmmm 4,27 — — — —ArcaAzioniEuropa mmmmm 2,17 17,37 19,06 7,58 8,85Bnl AzioniEuro Crescita mmmmm 1,12 20,74 20,05 11,11 12,43Bnl AzioniEuropa Div mmmmm 1,55 12,74 20,09 7,76 8,25CarigeAzionario Europa A mmmmm 2,43 17,51 18,66 6,62 7,99ConsultinvestAzione mmmmm 3,66 16,34 — 4,83 7,21EpsilonQValue mmmmm 2,65 18,76 17,59 7,53 9,44EurizonAz.Europa mmmmm 2,29 18,82 19,07 5,61 8,35EurizonAz.PMIEuropa mmmmm 3,96 21,88 25,04 8,38 14,23Euromob.EuropeE. F. mmmmm 3,70 16,82 18,11 3,12 4,30FMS- Equity Europe# mmmmm 1,86 21,57 20,06 9,53 10,88FonderselEuropa mmmmm 2,40 18,74 20,06 7,44 9,19

Fonditalia Eq.EuropeR mmmmm 4,75 20,18 — 7,86 9,00Fonditalia Eq.EuropeT mmmmm 4,82 20,95 — 8,54 —GestnordAz.Europa A mmmmm 2,46 20,28 19,93 8,28 9,90GestnordAz.Europa CY mmmmm 2,56 — — — —Interf.Equity Europe mmmmm 4,46 27,54 — 8,03 9,33InvestitoriEuropa mmmmm 2,61 17,66 17,13 6,51 7,76MalatestaAzionario Eu mmmmm 2,44 19,84 20,06 6,30 10,10PioneerAz ValEu Dis A mmmmm 2,49 17,48 20,06 8,26 9,14PioneerAz ValEu Dis B mmmmm 2,56 17,65 — — —PioneerAz. EuropaA mmmmm 1,32 14,71 20,06 4,53 6,10PioneerAz. EuropaB mmmmm 1,30 14,40 — — —RasLux Equity Europe mmmmm — — — — —SynergiaAz.Europa mmmmm 2,56 16,06 14,10 1,36 —UbiPra. Az.Europa mmmmm 3,31 18,65 19,94 5,20 10,60msci europe 2,17 20,06 — 9,27 11,84america 0,64 14,81 — 12,42 10,58AcomeAAmerica A1 mmmmm -0,14 18,25 23,39 11,41 9,58AcomeAAmerica A2 mmmmm -0,04 19,29 23,39 — —AllianzAzioniAmerica mmmmm 0,90 10,80 17,09 9,34 9,98Alto AmericaAz. mmmmm 1,09 12,16 14,06 11,27 10,02AnimaGeo America A mmmmm 0,29 12,07 17,58 11,76 n.s.AnimaGeo America Y mmmmm 0,42 13,66 17,58 13,35 n.s.ANM Anima AmericaA mmmmm 0,29 12,33 17,58 12,59 11,51ANM Anima AmericaF mmmmm 0,39 — — — —ArcaAzioniAmerica mmmmm 0,81 14,18 16,16 12,76 11,93BnlAzioniAmerica mmmmm -0,53 17,57 18,71 12,70 12,13EurizonAz.America mmmmm 0,38 15,99 16,16 13,15 12,20EurizonAz.PMIAmer. mmmmm 3,04 29,07 29,24 14,62 14,77FMS- Equity Usa# mmmmm 0,76 18,45 18,50 12,88 11,35FonderselAmerica# mmmmm 0,40 18,32 18,50 11,31 10,35Fondit.Eq.Usa BlueCh R mmmmm 0,34 14,41 — 10,80 9,76Fondit.Eq.Usa BlueCh T mmmmm 0,40 15,13 — 11,50 —GestnordAz.AmericaA mmmmm 0,58 15,52 17,77 11,24 9,68GestnordAz.AmericaCY mmmmm 0,66 — — — —Interf.Eq. USAH mmmmm 3,11 25,65 — 13,93 14,00Interf.Eq.USA mmmmm 1,20 19,76 — 15,50 14,64Interf.Equity Usa Adv mmmmm 1,58 17,65 — 7,79 8,01InvestitoriAmerica mmmmm 0,41 13,71 15,39 13,36 11,67PioneerAz. Am. A mmmmm 0,13 15,67 16,98 12,17 11,86PioneerAz. Am. B mmmmm -0,02 15,92 — — —Symp. Azionario Usa mmmmm 1,17 23,51 18,57 11,99 13,56SynergiaAzionario Usa mmmmm 0,38 16,50 12,50 9,08 —UBIPra. Azioni Usa mmmmm 0,38 18,76 17,78 12,45 11,95msci northamerica 0,91 16,98 — 15,28 14,68

pacifico 1,02 11,09 — 4,50 7,09AcomeAAsia Pac. A2 mmmmm 0,16 36,11 30,36 — —AcomeAAsia Pacifico A1 mmmmm 0,07 35,03 30,36 7,48 8,25AllianzAzioniPacifico mmmmm 0,71 12,53 12,96 3,76 7,15Alto PacificoAz. mmmmm 0,14 14,47 12,88 2,40 8,13AnimaGeo Asia A# mmmmm 0,31 11,21 12,93 3,49 n.s.AnimaGeo Asia Y# mmmmm 0,44 12,87 12,93 4,99 10,82ANM Anima PacificoA mmmmm 0,40 12,09 12,93 5,51 9,19ANM Anima PacificoF mmmmm 0,49 — — — —ArcaAzioniFar East mmmmm 0,27 11,32 13,81 6,29 7,24EurizonAz.Asia Nuove Eco. mmmmm 0,40 2,07 4,17 0,77 11,31EurizonAz.Pacifico mmmmm 0,46 11,64 13,84 3,69 6,71FMS- Equity Asia# mmmmm 0,25 18,21 19,80 5,24 8,32FonderselOriente# mmmmm -0,55 -0,93 6,09 0,91 10,67FonditEq Pacifex JapanR mmmmm 0,68 4,75 — -0,38 10,26FonditEq Pacifex JapanT mmmmm 0,74 5,44 — 0,25 —Fonditalia Eq.JapanR mmmmm -0,71 23,96 — 6,82 6,08Fonditalia Eq.JapanT mmmmm -0,66 24,72 — 7,49 —GestnordAz.Pacifico A mmmmm 0,30 10,31 12,90 4,02 8,25GestnordAz.Pacifico CY mmmmm 0,40 — — — —Interf.Eq. JapanH mmmmm -0,26 55,45 — 13,07 6,87Interf.Eq. Pacif. exJapan mmmmm 1,80 7,81 — 4,04 13,00

datial 22.10.2013 ratingcfs var.% var.% var.% rend. rend.fondo a a 1anno 3 5

1mese 1anno bench. anni anni




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Interf.Eq. Pacif. exJapan H mmmmm 1,26 15,76 — 1,98 7,88Interf.Equity Japan mmmmm -0,72 22,34 — 7,05 6,41InvestitoriFar East mmmmm 0,33 17,10 17,00 6,06 6,66PioneerAz. Area PacifA mmmmm 0,51 10,07 13,56 1,30 3,47PioneerAz. Area PacifB mmmmm 0,49 9,88 — — —UBIPra. Azioni Pacifico mmmmm 0,51 14,32 13,82 6,87 10,00msci pacific free 0,55 19,80 — 8,86 10,25

paesiemergenti 1,96 -0,08 — -0,92 9,72AcomeAPaesi Em. A1 mmmmm 2,12 5,79 -0,13 1,32 10,27AcomeAPaesi Em. A2 mmmmm 2,23 6,66 -0,13 — —AllianzAzPaesi Emer mmmmm 1,75 2,86 0,94 0,67 10,81AmundiGlobal Emerg.Eq# mmmmm 0,27 -1,81 0,84 -0,11 10,19AnimaGeo PaesiEm. A# mmmmm 1,36 -1,36 0,91 -2,67 n.s.AnimaGeo PaesiEm. Y# mmmmm 1,51 0,13 0,91 -1,25 9,88ANM Anima EmergentiA mmmmm 1,44 -0,80 1,10 -1,60 12,12ANM Anima EmergentiF mmmmm 1,52 — — — —ArcaAzioniPaesi Emerg. mmmmm 1,02 -1,36 0,91 -1,20 10,70Bnl AzioniEmerg. mmmmm 2,20 -1,69 0,86 -1,49 10,39EurizonAz.PaesiEmer mmmmm 1,29 -0,40 0,92 -2,20 10,41FMS- Equity GlEm Mkt# mmmmm 1,16 -0,21 0,88 -1,18 10,93FMS- Equity NewWorld# mmmmm 1,21 -3,73 0,06 -4,64 9,37FonditEq Glb EmMkt R mmmmm 1,13 1,37 — 0,45 13,51FonditEq Glb EmMkt T mmmmm 1,20 2,12 — 1,16 —GestnordAz.PaesiEm A mmmmm 0,64 -1,81 0,89 -1,67 11,01GestnordAz.PaesiEm CY mmmmm 0,74 — — — —Interf.Eq. GlbEm Mkt mmmmm 1,22 1,35 — -2,57 9,20PioneerAz. PaesiEm. A mmmmm 1,28 -3,02 0,88 -3,50 9,02PioneerAz. PaesiEm. B mmmmm 1,26 -3,28 — — —Symp. MultEmerFle# mmmmm 0,73 -3,64 — -1,44 9,82UBIPra. Az. Merc. Emerg. mmmmm 1,72 0,59 0,90 0,85 13,08msci emerging markets f. 1,26 0,88 — 1,01 15,62

paese — — — — —FoiEqBrazil R mmmmm 4,60 -6,82 — — —FoiEqBrazil T mmmmm 4,57 -6,25 — — —FoiEqChina R mmmmm -2,07 3,21 — — —FoiEqChina T mmmmm -2,03 3,84 — — —FoiEqIndia R mmmmm 2,82 -9,62 — — —FoiEqIndia T mmmmm 2,87 -9,07 — — —msci world 1,21 18,18 — 12,45 13,13

internazionali 1,21 16,72 — 8,77 8,82AcomeAGlobale A1 mmmmm 2,58 27,58 24,61 9,11 7,62AcomeAGlobale A2 mmmmm 2,63 28,52 24,61 — —AllianzMulti90# mmmmm 0,31 14,55 16,29 7,68 7,49Alto InternazionaleAz. mmmmm 1,16 7,08 13,88 5,82 7,04AmundiGlobal Equity# mmmmm 0,30 12,60 14,29 6,83 8,78Anfiteatro GlobalEquity mmmmm — — — — —AnimaGeo Globale A mmmmm 0,72 21,96 17,27 11,52 12,72AnimaGeo Globale Y mmmmm 0,85 23,79 17,27 13,15 14,31ANM Anima ValoreGlob. A mmmmm 0,91 21,96 17,27 11,08 11,23ANM Anima ValoreGlob. F mmmmm 0,90 — — — —Arca27 az. estere mmmmm 1,25 14,82 17,27 10,33 10,01BancoPostaAz. Internaz. mmmmm 1,62 15,77 18,97 11,66 12,04Capital Italia mmmmm 1,03 16,74 — 10,02 9,82CarigeAzionario Intern A mmmmm 1,65 11,88 15,64 9,61 11,45ConsultinvestGlobal mmmmm 1,42 14,24 — 4,30 7,25EsseStock cl.A mmmmm 1,32 14,78 — — —EssoStock cl. B mmmmm 1,34 15,16 — — —EticaAzionario IEY mmmmm 0,83 24,44 — — —EticaazionarioE mmmmm 0,77 23,43 — 8,17 12,74EurizonAz.Internazionali mmmmm 1,21 18,25 17,29 9,44 9,77Euromob.Az. Internaz. mmmmm 0,15 11,94 16,42 5,65 8,33Fonditalia GlobalR mmmmm 2,16 12,16 — 9,12 8,37Fonditalia GlobalT mmmmm 2,22 12,88 — 9,81 —GestnordAzTrend Set mmmmm 1,10 13,95 17,24 7,78 8,02

PioneerCIM GlobalEquity mmmmm 1,05 15,67 — 9,57 8,99SoprarnoAzioni Glob A mmmmm 2,46 36,30 33,10 13,53 13,69SoprarnoAzioni Glob BY mmmmm 2,48 37,13 — 14,19 14,21Star CollAz.Inter.A# mmmmm 0,58 — — — —Star CollAz.Inter.CY# mmmmm 0,71 — — — —SynergiaAz.Globale mmmmm 1,72 16,74 16,43 3,10 —Talento GlobalEquity# mmmmm 0,96 12,50 18,18 n.s. n.s.UBIPra. Azioni Globali mmmmm 1,36 16,34 17,26 10,73 10,74UBIPra. Privilege 5# mmmmm 1,48 18,72 18,75 6,60 7,03ZenitMc MegatrendCl.I mmmmm 1,85 20,48 — — —ZenitMc MegatrendCl.R mmmmm 1,70 18,70 22,55 1,83 5,22msci world 1,21 18,18 — 12,45 13,13

energia-materieprime — — — — —EurizonAz.EnMatPrime mmmmm 0,59 5,98 4,35 3,36 7,06msci 50%energy&50%materials 0,87 3,53 — 5,77 11,79

salute — — — — —EurizonAzioniSalute mmmmm -0,36 18,18 21,81 12,13 9,90msci health care 0,52 22,18 — 19,42 14,60

finanza — — — — —EurizonAz.Finanza mmmmm 2,45 23,32 23,16 9,19 6,33Fonditalia Eu Financials R mmmmm 7,50 33,74 — 2,46 2,32Fonditalia Eu Financials T mmmmm 7,57 34,74 — 3,24 —msci financials 2,04 24,41 — 11,09 8,48

informatica — — — — —EurizonAz.Tecn.Avanz mmmmm -0,65 13,02 12,69 7,51 9,95msci inform.technology 0,76 13,61 — 11,90 15,17

altrisettori — — — — —FMS- Eq.Glob.Resources# mmmmm -0,65 -6,16 -0,78 -2,37 1,48Fonditalia Eu Cyclicals R mmmmm 0,93 25,58 — 6,63 13,89Fonditalia Eu Cyclicals T mmmmm 1,00 26,51 — 7,40 —Fonditalia Eu Defensive R mmmmm 4,16 17,54 — 6,67 8,17Fonditalia Eu Defensive T mmmmm 4,23 18,40 — 7,45 —Fonditalia FlexEm. MktsT mmmmm 0,60 3,09 — 1,94 —Fonditalia FlexEm.Mkts R mmmmm 0,62 2,60 — 1,42 5,29Fonditalia GlobIncome R mmmmm 0,34 6,11 — -4,39 1,57Fonditalia GlobIncome T mmmmm 0,37 6,71 — -3,75 —Inter.Int.Sec.NewEc mmmmm 2,47 20,23 — 13,42 13,77msci world 1,21 18,18 — 12,45 13,13

altrespecializzazioni — — — — —EurizonAz.Int. EticoE mmmmm 1,53 19,55 19,47 9,20 9,39FonditEq.Gl.High Div. S mmmmm 0,24 — — — —msci world 1,21 18,18 — 12,45 13,13

bilanciatibil.azionari — — — — —AnimaForza 5 A# mmmmm 0,76 11,47 11,36 6,85 n.s.AnimaForza 5 B# mmmmm 0,74 11,45 11,36 6,82 —AnimaForza 5 Y# mmmmm 0,83 12,46 11,36 7,77 8,78ANM Anima Cap.Più70 F# mmmmm 0,47 n.s. — n.s. n.s.ANM Anima Cap.Più70 N# mmmmm 0,35 n.s. — n.s. n.s.ANM Anima CapiPiù 70 A# mmmmm 0,33 n.s. 16,42 n.s. n.s.Fonditalia Core3 R mmmmm 1,53 9,90 — 3,44 7,07Fonditalia Core3 T mmmmm 1,58 10,59 — 4,09 —IGMFdF Bilanciato Az. Cl.A# mmmmm 1,58 12,95 — 6,84 3,98IGMFdF Bilanciato Az. Cl.B# mmmmm 1,64 13,75 — 7,58 4,69UBIPra. Port. Aggressivo mmmmm 1,91 14,06 16,42 6,19 8,04UBIPra. Privilege 4# mmmmm 1,38 14,85 15,32 5,65 6,3370%msciworld&30%jpm emu 1,27 14,03 — 9,97 10,89

bilanciati 1,33 8,61 — 4,79 5,29AllianzMulti50# mmmmm 0,69 7,85 11,15 4,93 5,90







Alto Bilanciato mmmmm 0,54 -0,46 4,33 2,53 3,76AnimaForza 4 A# mmmmm 0,90 10,26 10,11 6,44 n.s.AnimaForza 4 B# mmmmm 0,90 10,26 10,11 6,43 —AnimaForza 4 Y# mmmmm 0,94 11,01 10,11 7,15 7,97ArcaBB mmmmm 2,54 11,87 12,79 5,87 6,25BancoPostaMix 2 mmmmm 1,56 6,61 8,13 5,51 6,16CarigeBilanciato 50 A mmmmm 3,35 14,34 14,73 5,14 6,68ConsultinvestBilanciato mmmmm 2,19 10,37 — 3,39 6,20EticaBilanciato IEY mmmmm 0,86 15,30 — — —EticabilanciatoE mmmmm 0,77 14,28 — 6,30 10,01EurizonBil.Euro Multi.# mmmmm 1,36 11,06 12,04 5,11 6,35EurizonSoluzione 40 mmmmm 0,93 7,61 8,59 4,83 5,51EurizonSoluzione 60 mmmmm 0,74 9,83 10,73 5,45 6,14Euromob.Bilanciato mmmmm 1,70 9,14 11,75 5,09 5,28Fideuram Bilanciato mmmmm 1,36 9,87 12,27 4,62 n.s.Fondersel mmmmm 1,19 8,69 5,98 3,84 4,77Fonditalia Core2 R mmmmm 1,41 7,66 — 3,02 5,75Fonditalia Core2 T mmmmm 1,46 8,29 — 3,62 —GestnordBil.Euro A mmmmm 2,10 11,94 14,79 2,15 4,77GestnordBil.Euro CY mmmmm 2,21 — — — —Nextam Part.Bilanciato mmmmm 2,33 8,83 — 1,46 4,20Star CollBil.PaesiEmA# mmmmm 0,36 — — — —Star CollBil.PaesiEmCY# mmmmm 0,42 — — — —SynergiaBilanciato 50 mmmmm 1,66 9,89 9,43 3,36 —UBIPra. Port. Dinamico mmmmm 1,32 7,18 9,02 4,22 6,22UBIPra. Privilege 3# mmmmm 0,92 10,13 9,94 4,75 5,7650%msciworld&50%jpm emu 1,31 11,27 — 8,25 9,30

bil.obbligazionari 1,27 5,09 — 2,85 3,86AllianzMulti20# mmmmm 0,97 4,56 6,99 3,69 5,12Alpi Bilanciato mmmmm 0,87 5,60 0,07 n.s. n.s.AnimaForza 3 A# mmmmm 0,50 5,19 6,15 3,90 n.s.AnimaForza 3 B# mmmmm 0,48 5,17 6,15 3,89 —AnimaForza 3 Y# mmmmm 0,55 5,83 6,15 4,47 5,64ANM Anima Cap.Più30 N# mmmmm 1,02 — — — —ANM Anima Cap.Più15A# mmmmm 0,85 5,31 5,72 2,13 3,80ANM Anima Cap.Più15F# mmmmm 0,93 — — — —ANM Anima Cap.Più30 A# mmmmm 1,02 8,32 8,75 2,48 4,49ANM Anima Cap.Più30 F# mmmmm 1,12 — — — —ANM Anima VisconteoA mmmmm 1,70 7,67 7,24 3,46 5,74ANM Anima VisconteoF mmmmm 1,75 — — — —ArcaTE mmmmm 1,20 2,10 4,03 5,02 5,47CarigeBilanciato 30 mmmmm 2,32 10,94 8,99 5,05 5,53Fonditalia Core1 R mmmmm 0,98 5,72 — 2,86 4,62Fonditalia Core1 T mmmmm 1,02 6,24 — 3,36 —Swiss& GlobalChallen IY mmmmm 0,66 3,19 — — —Swiss& GlobalChallen R mmmmm 0,62 2,79 — 2,30 2,85SynergiaBilanciato 30 mmmmm 1,28 6,54 6,95 2,90 —UBIPra. B. EuroRis. Cont. mmmmm 1,30 6,86 7,75 1,68 2,73UBIPra. Port. Moderato mmmmm 1,09 2,41 4,17 2,54 4,14UBIPra. Privilege 1# mmmmm 0,79 5,17 5,22 2,75 3,77UBIPra. Privilege 2# mmmmm 0,88 7,78 7,55 3,77 4,8530%msciworld&70%jpm emu 1,35 8,50 — 6,47 7,60

obbligazionariob.eurogovernativi b.t. 0,32 1,76 — 1,91 2,05AcomeABreve Term.A1 mmmmm 1,48 7,03 2,15 6,92 4,89AcomeABreve Term.A2 mmmmm 1,51 7,35 2,15 — —Alto EuroGovernativo B/T mmmmm 0,58 2,56 2,87 2,51 2,16AmundiBreve Termine mmmmm 0,81 3,50 2,81 2,21 2,24AnimaFix EuroA mmmmm 0,08 0,52 1,20 0,85 n.s.AnimaFix EuroI mmmmm 0,10 0,75 1,20 1,08 1,49AnimaFix EuroYY mmmmm 0,10 0,77 1,20 1,14 1,57AnimaFix Obbl. BT A mmmmm 0,42 2,17 1,85 1,55 n.s.AnimaFix Obbl. BT Y mmmmm 0,46 2,64 1,85 1,99 —ANM Anima SalvadanaioA mmmmm 0,26 1,72 1,55 -0,14 0,76ANM Anima SalvadanaioF mmmmm 0,29 — — — —

ArcaMM mmmmm 1,07 4,52 4,61 4,99 4,08BancoPostaObbl. Eu BT mmmmm 0,20 1,00 1,76 2,30 2,15BancoPostaReplay12 mesi mmmmm 0,04 1,40 — — —BnlObbl EuroBT mmmmm 0,35 1,25 2,21 1,96 2,49CarigeBreve Termine mmmmm 0,26 1,61 1,41 1,70 2,10ConsultinvestBreve Term mmmmm 0,47 2,61 — 2,28 —Eticaobb.breve term.E mmmmm 0,36 1,46 — 1,56 1,67EticaObbl. BreveT. IEY mmmmm 0,37 1,75 — — —EurizonObbl. EuroBT A mmmmm 0,35 1,93 1,79 — —EurizonObbl. EuroBT D mmmmm 0,35 1,94 1,79 2,00 2,03Euromob.EuroAggregate mmmmm 0,41 1,40 2,47 1,63 1,83Fideuram Risparmio mmmmm 0,11 0,32 1,20 0,76 0,66FondacoEuro CashBY mmmmm 0,11 — — — —FondacoEuro CashY mmmmm 0,11 1,39 — 1,60 1,99FonderselReddito mmmmm 0,45 2,43 2,15 3,72 2,87FonditEur BondDefe. S mmmmm 0,12 — — — —FonditEur BondDefen R mmmmm 0,36 1,05 — 2,00 2,39FonditEuro BondDefen T mmmmm 0,39 1,41 — 2,34 —Fonditalia Eu CurrencyR mmmmm 0,12 0,40 — 1,00 0,90Fonditalia Eu CurrencyT mmmmm 0,15 0,70 — 1,29 —GestielleBT Cedola Cl.A mmmmm 0,37 -1,62 1,79 -0,73 0,62GestielleBT Cedola Cl.BY mmmmm 0,41 -1,14 — -0,37 —GIFocus Euro Gov. BT mmmmm 0,30 1,90 1,21 1,94 2,22Interf.Euro Currency mmmmm 0,14 0,65 — 1,14 1,12MalatestaBreveTermine mmmmm 0,23 1,18 1,69 2,12 2,01MediolanumRisp Dinam mmmmm 0,61 3,09 1,96 2,02 n.s.NordfondoObbl. B.TA mmmmm 0,30 1,76 1,27 1,64 1,72NordfondoObbl. B.TB mmmmm 0,30 -1,25 — — —NordfondoObbl. B.TCY mmmmm 0,31 — — — —Passadore BreveTermine mmmmm 0,22 1,38 1,69 2,14 1,97Pion.Eur Gov BT (ex Mon.)A mmmmm 0,24 1,20 1,69 2,01 2,06Pion.Eur Gov BT (ex Mon.)B mmmmm 0,23 1,08 — — —SoprarnoPronti Termine mmmmm 0,24 3,13 1,20 3,41 2,76Symp. ObbBreveTerm mmmmm 0,32 2,13 1,59 2,21 2,27Symp. ObbRendita mmmmm 0,34 3,32 3,10 n.s. n.s.SynergiaObb.Rend. mmmmm 0,60 3,88 5,48 n.s. n.s.SynergiaObbl. EuroBT mmmmm 0,32 2,01 1,87 1,93 —TeodoricoBreveTermine mmmmm 0,24 1,26 1,69 2,19 2,13UBIPra. Euro BT mmmmm 0,41 1,57 2,15 1,37 2,02ZenitMc BreveTer Cl.I mmmmm 0,43 1,58 — 1,91 2,38ZenitMc BreveTer Cl.R mmmmm 0,39 1,22 1,64 1,55 2,05jpmgbi emu 1-3yr 0,45 2,19 — 1,86 2,62

ob.eurogovernativi m/l t 0,75 2,51 — 2,86 4,03AcomeAEurobb. A1 mmmmm 1,94 7,58 4,26 8,20 6,15AcomeAEurobb. A2 mmmmm 1,98 8,02 4,26 — —Agora Income mmmmm 0,20 0,60 3,40 — —AllianzRedditoEuro mmmmm 1,05 2,49 4,20 3,02 4,04AnimaFix Obbl. MLT A mmmmm 1,56 4,49 4,04 2,65 n.s.AnimaFix Obbl. MLT Y mmmmm 1,62 5,19 4,04 3,30 —ANM ANIMACap. PiùOb. N# mmmmm 0,58 — — — —ANM Anima Obbl.EuroA mmmmm 0,98 3,75 2,77 0,56 4,12ANM Anima Obbl.EuroF mmmmm 1,02 — — — —ANM Capitale PiùObbl. A# mmmmm 0,59 2,09 2,84 1,48 2,83ANM Capitale PiùObbl. F# mmmmm 0,64 — — — —ArcaRR mmmmm 1,30 3,59 4,03 4,58 4,91AzimutRedditoEuro mmmmm 0,08 3,05 — 2,61 2,86BancoPostaObbl. Eu MLT mmmmm 0,83 2,59 3,37 4,37 4,37BnlObbl. EuroM/L T mmmmm 1,30 2,75 4,26 2,97 3,96CarigeObbl. Euro LTA mmmmm 1,56 4,46 5,41 4,90 6,27CarigeObbligaz. Euro A mmmmm 0,83 2,46 2,44 2,88 3,60EpsilonQincome mmmmm 1,60 6,56 4,35 3,62 4,50EurizonObbl. Euro mmmmm 1,18 3,68 3,73 4,15 4,69Euromob.Reddito mmmmm 1,13 3,77 3,96 3,10 3,68Fideuram Rendimento mmmmm 1,40 2,96 7,14 1,93 2,79FondacoEurogov Beta BY mmmmm 1,39 -3,56 — — —FondacoEurogov BetaY mmmmm 1,38 4,12 — 4,08 4,89







FonderselEuro mmmmm 1,33 3,56 4,26 4,07 4,47FonditEur BdLng TermS mmmmm 1,27 — — — —Fonditalia Eu B.LongT R mmmmm 1,88 3,29 — 3,67 5,18Fonditalia Eu B.LongT T mmmmm 1,91 3,69 — 4,06 —Fonditalia EuroBondR mmmmm 0,86 3,03 — 4,30 4,55Fonditalia EuroBondS mmmmm 0,46 — — — —Fonditalia EuroBondT mmmmm 0,90 3,44 — 4,71 —GestielleMT EuroCl.A mmmmm 0,99 4,16 3,49 1,76 2,42GestielleMT EuroCl.B mmmmm 1,04 4,83 — 2,30 2,93Interf.Euro BondLongT mmmmm 1,90 3,80 — 4,34 5,61Interf.Euro BondMed. T mmmmm 1,46 3,40 — 4,71 4,89Interf.Euro Short Term1-3 mmmmm 0,37 1,24 — 1,87 2,18Interf.Euro Short Term3-5 mmmmm 0,86 2,32 — 3,13 3,67MalatestaObblig. Euro mmmmm 0,86 2,50 2,78 2,67 2,89NordfondoOb.EuroM.T. A mmmmm 0,88 2,99 3,10 1,37 2,43NordfondoOb.EuroM.T. CY mmmmm 0,92 — — — —PioneerEu Gov MT Dis A mmmmm 1,30 3,41 4,36 — —PioneerEu Gov MT Dis B mmmmm 1,29 3,32 — — —PioneerObb.Euro Distr B mmmmm 1,34 3,85 — — —RasLux B. Europe mmmmm — — — — —Symp. Obblig.Euro mmmmm 0,94 2,58 4,05 3,51 4,21SynergiaObbl. EuroMT mmmmm 0,95 2,70 3,82 3,50 —UBIPra. Euro M/L Term. mmmmm 0,58 0,76 4,20 1,80 3,67mlemu direct government 0,95 3,74 — 4,09 5,15

ob.eurocorp.invest.grade. 1,02 4,54 — 3,91 5,32AcomeAObblig.Corp. A1 mmmmm 2,04 6,95 4,35 4,90 5,75AcomeAObblig.Corp. A2 mmmmm 2,07 7,51 4,35 — —AmundiCorporate 3 anniY mmmmm 0,21 2,03 — -1,17 —AnimaFix Imprese A mmmmm 1,82 8,73 3,69 5,19 6,01AnimaFix Imprese Y mmmmm 1,88 9,46 3,69 5,87 6,65ANM Anima Obb.Corpor. A mmmmm 1,61 8,80 3,69 3,71 5,83ANM Anima Obb.Corpor. F mmmmm 1,70 — — — —ArcaBondCorporate mmmmm 1,53 5,10 3,85 5,27 7,13BancoPosta Corp.2014 mmmmm 0,34 2,69 — — —CarigeCorporate EuroA mmmmm 1,46 4,81 4,02 3,83 7,21EurizonObbl. EuroCorp. mmmmm 1,05 4,36 3,72 3,57 4,62EurizonObbl. EuroCorp. BT mmmmm 0,45 2,92 2,28 2,99 2,75FoiEu Corp BndS mmmmm 0,45 0,47 — — —Fonditalia Eu CorpBnd R mmmmm 1,13 3,25 — 3,29 5,25Fonditalia Eu CorpBnd T mmmmm 1,17 3,66 — 3,69 —Interf.Euro CorporateBd mmmmm 1,15 3,33 — 3,23 5,17NordfondoOb.EuroCorp A mmmmm 1,18 4,24 3,73 4,87 7,76NordfondoOb.EuroCorp CY mmmmm 1,23 — — — —PioneerOb Eu Co EtDis AE mmmmm 1,43 4,72 4,34 4,82 6,97PioneerOb Eu Co EtDis BE mmmmm 1,42 4,55 — — —Symp. Obb.Corp. mmmmm 1,02 4,44 3,62 4,41 4,73SynergiaObbl Corporate mmmmm 0,91 4,16 3,77 4,31 —UBIPra. Euro Corp. mmmmm 1,05 4,26 4,32 4,04 6,84lehman euroaggr.corporate 1,06 4,39 — 5,02 7,67

ob.eurohigh yield — — — — —AnimaFix High Yeld Y mmmmm 2,13 11,63 10,60 7,52 14,44AnimaFix High YieldA mmmmm 2,04 10,52 10,60 6,48 13,40ANM Anima Ob HiYieldA mmmmm 2,14 7,70 6,77 -0,76 5,09ANM Anima Ob HiYieldAD mmmmm 2,14 — — — —ANM Anima Ob HiYieldF mmmmm 2,25 — — — —EurizonObbl. EuroHY mmmmm 1,48 8,77 9,68 5,55 12,45FoiBndGl. High YieldTY mmmmm 1,47 6,92 — 4,64 —FoiBondGl.High YieldS mmmmm -0,11 0,07 — — —FoiBondGlobHighYield R mmmmm 1,41 6,09 — 4,07 11,33IfuBondGl. High Yield mmmmm 1,50 6,69 — 4,97 12,35mleuro high yield 1,78 12,09 — 9,49 20,39

ob.int. corp.invest.gr. — — — — —UBIPra. Obb. Glob.Corp. mmmmm 1,82 0,54 0,81 4,57 8,15lehman aggregate corporate 1,06 4,39 — 5,02 7,67

ob.int. highyield — — — — —PioneerObb GloHY Dis A mmmmm -0,12 1,16 1,59 — —PioneerObb GloHY Dis B mmmmm -0,10 1,54 — — —UBIPra. Obb. Gl.Alto Ren. mmmmm 1,33 5,57 7,28 7,58 13,03mlglobal high yield 1,57 8,21 — 9,14 18,37

ob.altrespecializzazioni 0,69 3,10 — 3,23 4,55Alpi Bond mmmmm 0,12 1,87 0,04 n.s. n.s.AmundiObbligaz. Euro mmmmm 1,42 4,44 4,13 2,68 5,01AnimaFix Emergenti A# mmmmm 1,51 -4,59 -2,45 3,03 n.s.AnimaFix Emergenti Y# mmmmm 1,60 -3,64 -2,45 4,03 10,23AnimaForza 1 A mmmmm 0,60 2,29 1,89 2,16 n.s.AnimaForza 1 B mmmmm 0,60 2,27 1,89 2,16 —AnimaForza 1 Y mmmmm 0,63 2,61 1,89 2,51 2,36AnimaForza 2 A mmmmm 0,76 4,39 3,70 3,29 n.s.AnimaForza 2 B mmmmm 0,76 4,39 3,70 3,29 —AnimaForza 2 Y mmmmm 0,78 4,74 3,70 3,68 4,04ANM Anima Riserva Emer.A mmmmm -0,22 — — — —ANM Anima Riserva Emer.F mmmmm -0,18 — — — —ANM Anima Riserva Glob.A mmmmm -0,33 — — — —ANM Anima Riserva Glob.F mmmmm -0,33 — — — —AureoCedola I -2016 mmmmm 1,61 4,60 — — —AureoCedola II - 2017 mmmmm 1,77 9,00 — — —AzimutTrendTassi mmmmm -0,35 3,74 — 3,64 3,21BancoPostaObbl Dic 2017 mmmmm 1,20 5,23 — — —BancoPostaObbl. Feb14 mmmmm 0,16 2,37 — — —BCCCedola III Op- 2017 mmmmm 1,74 — — — —BCCCedola IV -2018 mmmmm 2,03 — — — —BCCCedola IV Op-2018 mmmmm 1,95 — — — —BCCCedola V -2018 mmmmm — — — — —BCCCedola V Op-2018 mmmmm — — — — —BNL 3X3 mmmmm 0,06 -1,28 3,94 — —CarigeForziere Euro mmmmm 0,12 n.s. 0,74 n.s. n.s.CarigeObb. GlobaleA mmmmm 0,73 1,81 2,49 n.s. n.s.EurizonObbl. CedolaA mmmmm 0,56 2,50 3,16 — —EurizonObbl. CedolaD mmmmm 0,56 2,50 3,16 1,14 3,00EurizonObbl. EticoE mmmmm 1,07 4,06 3,70 4,56 5,87FoiCore BondR mmmmm 0,65 0,33 — — —FoiCore BondT mmmmm 0,68 0,73 — — —FoiEu YieldPl S mmmmm 0,23 -0,69 — — —FonderselSh. Term Asset mmmmm 0,06 — — — —FonditCore BondS mmmmm 0,17 — — — —Fonditalia Eu YieldPl R mmmmm 0,45 0,39 — -0,01 n.s.Fonditalia Eu YieldPl T mmmmm 0,48 0,77 — 0,36 n.s.Fonditalia GlobConv. R mmmmm 0,62 — — — —Fonditalia GlobConv. S mmmmm 0,12 — — — —Fonditalia GlobConv. T mmmmm 0,66 — — — —Fonditalia InflatLinked R mmmmm 1,66 -2,75 — 2,58 4,11Fonditalia InflatLinked T mmmmm 1,69 -2,38 — 2,97 —GestielleObbl. Corp. A mmmmm 1,45 9,98 6,75 7,14 9,59GestielleObbl. Corp. B mmmmm 1,52 10,87 — — 10,01Interf. InflationLinked mmmmm 1,80 -1,70 — 3,46 4,97InterfundGlob.Convert mmmmm 1,45 13,05 — — —NordfondoObbl. Conv.A mmmmm 1,64 9,25 12,49 3,10 8,44NordfondoObbl. Conv.CY mmmmm 1,67 — — — —PioneerCIM EuroFixIncome mmmmm 1,28 4,18 — 4,68 5,37PioneerObb.Euro Distr A mmmmm 1,36 4,00 4,13 4,47 5,03RasLux Short T. Dollar mmmmm — — — — —RasLux Short T. Eur. mmmmm — — — — —Star CollOb Inter. A# mmmmm -0,97 — — — —Star CollOb Inter. CY# mmmmm -0,93 — — — —Star CollOb M/L TerA# mmmmm 0,94 — — — —Star CollOb M/L TerCY# mmmmm 0,99 — — — —UBIPra. Obb. Dollari mmmmm -0,52 -6,42 -6,06 3,20 4,71jpmglobal 0,28 -8,19 — 1,42 3,56







ob.misti 1,11 5,16 — 3,38 3,84AcomeAPerform. A1 mmmmm 2,26 7,23 1,13 6,01 5,43AcomeAPerform. A2 mmmmm 2,27 7,77 1,13 — —AlleanzaObbligaz. mmmmm 1,66 3,96 10,26 1,27 2,59AnimaTr. 18 It.Al.Pot.II mmmmm 1,45 — — — —AnimaTr.18 Eu.Al.Pot.II mmmmm 1,15 — — — —AnimaTr.18 Eu.Al.Pot.III mmmmm 1,20 — — — —AnimaTr.19 Cre.Sost. mmmmm 1,01 — — — —AnimaTr.19 Cre.Sost. II mmmmm 0,94 — — — —AnimaTrag 18 Alto Pot. mmmmm 1,10 — — — —AnimaTrag 18 Eu.Al.Pot. mmmmm 1,18 — — — —AnimaTrag 18 It.Al.Pot. mmmmm 1,45 — — — —AnimaTrag. 19 FlexII mmmmm — — — — —AnimaTrag. 19 Plus mmmmm 1,11 — — — —AnimaTrag. 19 PlusII mmmmm 1,17 — — — —AnimaTrag. 2019 Flex mmmmm 1,14 — — — —AnimaTrag. Dinamico mmmmm — — — — —ANM Anima Cap.Più15N# mmmmm 0,85 — — — —ANM Anima SforzescoA mmmmm 1,01 3,85 1,64 3,13 4,84ANM Anima SforzescoF mmmmm 1,05 — — — —ArcaObbligaz. Europa mmmmm 1,51 2,84 3,68 4,84 4,83BancoPostaMix 1 mmmmm 1,08 3,41 4,89 4,13 4,61CarigeBilanciato 10 mmmmm 1,78 6,84 4,83 4,30 4,84EticaObbl. MistoIEY mmmmm 0,88 4,62 — — —EticaObbligaz. mistoE mmmmm 0,83 4,00 — 3,39 4,60EurizonDiversEticoE mmmmm 0,81 5,00 5,12 4,35 4,72EurizonRenditaA mmmmm 0,70 4,68 3,49 — —EurizonRenditaD mmmmm 0,69 4,69 3,49 2,08 2,34EurizonSoluzione 10 mmmmm 0,72 3,85 3,95 2,24 2,43GestielleCed.Multi Tar mmmmm 2,15 — — — —GestielleCedola PiùIta mmmmm 2,21 — — — —Nextam Part.Obbl. Misto mmmmm 1,28 7,78 — 5,09 4,78NordfondoEtico ObMistoE mmmmm 1,08 5,07 5,71 1,09 2,87PioneerOb. Piu' Dis A mmmmm 0,80 0,66 0,68 4,25 4,38PioneerOb. Piu' Dis B mmmmm 0,79 0,53 — — —Symp. Patrim. Redd. mmmmm 0,87 5,54 — 4,08 3,85SynergiaBilanciato 15 mmmmm 1,02 4,29 5,19 2,59 —UBIPra. Port. Prudente mmmmm 0,85 1,38 2,98 1,57 2,86Unicredit RedditoA# mmmmm 0,52 — — — —Unicredit RedditoB# mmmmm 0,48 — — — —ZenitMc Obbligaz. Cl.I mmmmm 1,34 4,63 — 2,97 4,17ZenitMc Obbligaz. Cl.R mmmmm 1,32 4,06 4,26 2,43 3,6880%jpm global&20%msci world 0,47 -2,91 — 3,82 5,77

ob.flessibili 0,83 3,75 — 3,35 3,66AllianzObbligaz. Flessibile mmmmm 0,16 0,63 — 1,65 1,90Alto Eu Flessibile Obbl. mmmmm 0,68 7,54 — 3,13 3,55AmundiDiv.Attiva 18 mmmmm 0,98 — — — —AmundiDiv.Attiva 18 Due mmmmm 0,84 — — — —AmundiDiv.Attiva 18 Tre mmmmm 0,10 — — — —AmundiMeta 2018 mmmmm 2,06 — — — —AmundiMeta 2018 Due mmmmm 2,16 — — — —AmundiMeta 2018 TRE mmmmm 2,25 — — — —AmundiMeta 2019 Premium mmmmm 2,63 — — — —AmundiMeta Plus 19AE Due mmmmm 2,23 — — — —AmundiMeta Plus 19Usa mmmmm — — — — —AmundiMeta Plus 2019 AE mmmmm 2,46 — — — —AmundiOriz.19 Ced eDiv mmmmm 2,31 — — — —AmundiOriz.19 Ced eDiv 2 mmmmm — — — — —AmundiTraguardo 3% mmmmm 2,06 — — — —AnimaRend.Ass.Obbligaz. A mmmmm 1,35 3,14 — n.s. n.s.AnimaRend.Ass.Obbligaz. Y mmmmm 1,50 3,57 — n.s. n.s.AnimaTrag 2017 Ced4 II mmmmm 1,09 5,35 — — —ANM Anima Risparmio A mmmmm 0,95 3,29 — 1,36 2,80ANM Anima Risparmio F mmmmm 0,99 — — — —ANM Anima Tr.18 M.CedII mmmmm 1,17 — — — —ANM Anima Trag 17Ced4 mmmmm 0,89 4,90 — — —

ANM Anima Trag 17Ced4 3 mmmmm 1,08 5,99 — — —ANM Anima Trag 2016Ced3 mmmmm 1,01 5,01 — — —ANM Anima Trag 2017M.Ced mmmmm 1,24 5,68 — — —ANM Anima Trag 2018C.Sem mmmmm 1,19 — — — —ANM Anima Trag 2018T.Ced mmmmm 1,12 — — — —ANM Anima Trag II2016 mmmmm 1,00 5,47 — — —ANM Anima Traguardo2016 mmmmm 0,68 4,48 — — —ANM Anima Traguardo2018 mmmmm 1,29 6,86 — — —ArcaCedBondGlob Eur mmmmm 0,58 2,49 — 4,30 —ArcaCed.18 Ob.Att.IIIP mmmmm 1,16 — — — —ArcaCed.18 Ob.Att.IIIR mmmmm 1,16 — — — —ArcaCed.18 Ob.Att.IV P mmmmm — — — — —ArcaCed.18 Ob.Att.IV R mmmmm — — — — —ArcaCed.18 Ob.Attiva II mmmmm 1,52 — — — —ArcaCed.18 Obb.Attiva mmmmm 1,32 — — — —ArcaCed.18 Paesi Em.VL P mmmmm 0,21 — — — —ArcaCed.18 Paesi Em.VL R mmmmm 0,23 — — — —ArcaCed.18 Paesi Em.VL2 P mmmmm 0,04 — — — —ArcaCed.18 Paesi Em.VL2 R mmmmm 0,04 — — — —ArcaCed.18 Paesi Em.VL3 P mmmmm — — — — —ArcaCed.18 Paesi Em.VL3 R mmmmm — — — — —ArcaCed.Bo.2015 Alto Pot mmmmm 0,53 3,00 — 4,66 —ArcaCed.Bo.2015 Alto Pot.2 mmmmm 0,88 4,08 — 5,34 —ArcaCed.Bo.2016 Alto Pot.3 mmmmm 1,35 5,22 — — —ArcaCed.Bo.2017Alto Pot.4 mmmmm 1,62 5,90 — — —ArcaCed.Bo.2017Alto Pot.5 mmmmm 1,42 3,98 — — —ArcaCed.Bo.2017Alto Pot.6 mmmmm 1,46 — — — —ArcaCed.BondGlob.Eu II mmmmm 0,66 2,47 — 4,22 —ArcaCed.BondGlob.Eu III mmmmm 0,68 2,68 — — —ArcaCed.BondPaesi Em. mmmmm 0,54 1,24 — — —ArcaCed.Corp.BondII mmmmm 0,12 0,47 — 2,43 —ArcaCed.Corp.BondIII mmmmm 0,13 0,62 — 2,54 —ArcaCed.Corp.BondIV mmmmm 0,24 1,18 — 3,50 —ArcaCed.Gov.Eu.Bond mmmmm — — — — —ArcaCed.Gov.Eu.Bond II mmmmm 0,31 3,30 — 3,15 —ArcaCed.Gov.Eu.Bond III mmmmm 0,38 3,50 — 4,05 —ArcaCed.Gov.Eu.Bond IV mmmmm 0,59 4,66 — 5,70 —ArcaCedola Corp.Bond mmmmm — — — — —BCCRisparmio Obbligaz. mmmmm 0,76 2,23 — 1,78 1,58BnlTargetReturn Liquid mmmmm 0,13 1,01 — 1,29 1,63CarigeForziere Obbligazionario mmmmm — — — — —CarigeObbl. Cedola A mmmmm 1,00 — — — —Consult High YieldCl. A mmmmm 1,18 3,33 — 3,77 7,37Consult RedditoCl. A mmmmm 1,46 7,29 — 2,53 5,28Consult RedditoCl. B mmmmm 1,46 7,34 — — —Consult ValoreCl. A mmmmm 0,85 7,26 — 3,15 4,20Consult ValoreCl. B mmmmm 0,84 7,14 — — —EurizonCed. Doc 02/19 mmmmm 1,78 — — — —EurizonCed. Doc 04/19 mmmmm 1,85 — — — —Euromob.Cedola 3- 2017 mmmmm 1,02 — — — —Euromob.Emerg Mkt Bond mmmmm 0,03 -5,28 — n.s. n.s.Euromob.F2 mmmmm 0,54 1,12 — 1,06 2,03Euromob.Obiettivo 2015 mmmmm 0,75 5,11 — — —FoiGlobalBond R mmmmm 0,43 -4,53 — — —FoiGlobalBond S mmmmm -0,11 -6,79 — — —FoiGlobalBond T mmmmm 0,49 -4,06 — — —FonditEthical R mmmmm 0,30 -0,53 — — —FonditEthical TY mmmmm 0,30 -0,47 — — —Fonditalia FlexibBondR mmmmm -0,59 0,02 — n.s. n.s.Fonditalia FlexibBondS mmmmm -1,07 -1,89 — — —Fonditalia FlexibBondT mmmmm -0,55 0,48 — n.s. n.s.GestielleCedFissa II A mmmmm 1,39 — — — —GestielleCedFissa II BY mmmmm 1,48 — — — —GestielleCedola Fissa mmmmm -0,36 5,34 — — —GestielleCedola O.B.E. mmmmm 0,84 0,96 — — —GestielleCedola O.G.E. mmmmm 1,09 2,25 — — —GestielleCedola Più mmmmm 2,01 — — — —







GIFocus Obbligazionario mmmmm -0,03 -2,89 — -0,86 0,86MediolanumFleObb Glob mmmmm 0,77 0,84 — 3,16 n.s.RitorniReali mmmmm 1,45 0,85 — 0,03 2,87Symp. Obb.Alto Pot. mmmmm 0,82 5,25 — — —Symp. Obb.Din. Val. mmmmm -0,64 -6,10 — n.s. n.s.SynergiaBondFlessib. mmmmm 0,68 1,24 — — —UBIPra. Active Duration mmmmm -0,36 1,17 — 0,76 2,41UBIPra. Tot RetPr mmmmm 0,42 0,67 — 0,90 2,24UniCreditSoluzione BTA mmmmm 0,12 0,33 — — —UniCreditSoluzione BTB mmmmm 0,06 -0,18 — — —jpmgbi global all.mat. 0,28 -8,19 — 1,42 3,56

ob.italia 0,63 3,20 — — —ANM Anima TricoloreA mmmmm 2,49 7,99 8,60 — —ANM Anima TricoloreF mmmmm 2,52 — — — —AzimutSolidity mmmmm 0,75 4,08 — 2,31 2,61BancoPostaObb.Ita Dic18 mmmmm 2,02 — — — —EpsilonItalyBo.Sh.Term A mmmmm 0,18 0,70 1,29 — —EpsilonItalyBo.Sh.Term B mmmmm 0,20 1,02 1,29 1,69 1,63EpsilonItalyBo.Sh.Term I mmmmm 0,21 1,16 1,29 — —EurizonObbl. ItaBT A mmmmm 0,43 2,60 2,51 2,58 1,81EurizonObbl. ItaBT B mmmmm 0,46 2,90 2,51 2,87 2,09PioneerOb.Sist.It Dis A mmmmm 1,75 5,79 8,63 — —PioneerOb.Sist.It Dis B mmmmm 1,72 6,76 — — —jpmgbi italy tradedindex 1,92 9,00 — 4,92 5,73

monetariarea euro 0,11 0,89 — 1,24 1,16AcomeALiquidita' A1 mmmmm 0,30 3,05 0,74 n.s. n.s.AcomeALiquidita' A2 mmmmm 0,28 3,04 0,74 — —Agora Cash mmmmm 0,09 0,73 0,24 1,34 2,16AllianzLiquidita'A mmmmm 0,05 0,28 0,74 0,92 0,88AllianzLiquidita'B mmmmm 0,08 0,58 0,74 1,24 1,21AmundiLiquidita' mmmmm 0,07 0,49 0,41 0,91 0,93Anfiteatro Tesoreria mmmmm — — — — —ANM Anima Liq. EuroA mmmmm 0,06 — — — —ANM Anima Liq. EuroF mmmmm 0,07 — — — —ANM Anima Liq. EuroI mmmmm 0,07 0,60 1,00 1,37 1,82AzimutGaranzia mmmmm 0,12 0,86 — 1,48 1,19BancoPostaLiquid. EuroG mmmmm 0,16 1,08 0,92 n.s. n.s.BCCMonetario mmmmm 0,05 0,36 0,55 0,48 0,58Bnl Cash mmmmm 0,02 0,12 0,73 0,59 0,84EurizonTesor.EuroA mmmmm 0,11 1,09 0,91 1,33 1,21EurizonTesor.EuroB mmmmm 0,14 1,39 0,91 1,63 1,50Euromob.Conservativo mmmmm 0,24 1,61 1,26 1,21 1,05Fideuram Moneta mmmmm 0,13 0,55 1,20 1,11 0,90Interf.Euro LiquidityY mmmmm 0,11 — — — —NordfondoLiquiditàA mmmmm 0,14 1,04 0,41 1,19 1,34NordfondoLiquiditàCY mmmmm 0,16 — — — —PioneerLiquidita'Euro mmmmm 0,06 0,33 0,08 1,05 0,90SynergiaTesoreria mmmmm 0,13 0,93 0,74 1,04 —UBIPra. Euro Cash mmmmm 0,13 0,72 0,74 1,14 1,10jpmigbi 3m cash 0,02 0,24 — 1,11 1,57

flessibilifondiflessibili 1,11 6,04 — 2,60 3,058a+GranParadiso mmmmm 1,70 0,54 — -0,33 —8a+Latemar mmmmm 2,46 8,57 — 3,00 4,57AbisFlessibile mmmmm — — — — —AcomeAEtf Attivo A1 mmmmm 4,06 9,42 — n.s. n.s.AcomeAEtf Attivo A2 mmmmm 4,10 10,33 — — —AcomeAPatr. Aggr.A2 mmmmm 2,56 19,89 — — —AcomeAPatr. Aggr.A1 mmmmm 2,46 19,13 — 2,44 2,01AcomeAPatr. Dinam.A1 mmmmm 1,65 10,54 — 4,50 4,07AcomeAPatr. Dinam.A2 mmmmm 1,74 11,36 — — —AcomeAPatr. Prud. A1 mmmmm 1,90 7,13 — 6,11 5,33AcomeAPatr. Prud. A2 mmmmm 1,93 7,82 — — —

ActiveDiscovery FlexY mmmmm 1,22 — — — —ActiveGlobal FlexY mmmmm 1,22 — — — —ActiveIncome FlexY mmmmm 1,17 — — — —ActiveOpport. FlexY mmmmm 1,22 — — — —Agora 4Invest mmmmm 0,16 — — — —Agora Pegasus mmmmm 0,64 — — — —Agora Selection# mmmmm 0,12 -13,19 — -4,86 -0,29Agora ValoreProtetto mmmmm -0,26 -0,98 — 2,49 3,32Agoraflex QY mmmmm -0,23 — — — —Agoraflex R mmmmm -0,35 -3,39 — 2,24 3,80AlaricoRe mmmmm 7,78 23,12 — -0,32 5,58AlkimisCap UcitsAcc. mmmmm 1,33 5,64 — 4,48 —AlkimisCap UcitsCoup. mmmmm 1,33 — — — —AllianzGlobalStrategy 15 mmmmm 0,69 2,00 — 1,42 2,58AllianzGlobalStrategy 30 mmmmm 0,94 2,73 — 1,67 3,07AllianzGlobalStrategy 70 mmmmm 1,76 8,76 — 3,53 5,62AmundiAbsolute# mmmmm 0,38 -1,57 — -0,03 0,97AmundiEquipe 1# mmmmm -0,06 -1,32 — 0,42 1,07AmundiEquipe 2# mmmmm 0,49 -1,35 — 0,92 1,51AmundiEquipe 3# mmmmm 1,28 -0,99 — 1,32 2,06AmundiEquipe 4# mmmmm 2,14 -2,15 — 1,23 2,52AmundiEu Brasile 2016G mmmmm 4,50 -1,75 — -3,47 —AmundiEu Bric 2017GY mmmmm 0,17 0,35 — — —AmundiEu Cina Ripr 2015 mmmmm 0,27 3,93 — 2,55 —AmundiEu Cr.Ar.Euro 19G mmmmm 2,14 — — — —AmundiEu Cr.Az 2017G mmmmm 2,76 12,20 — — —AmundiEu Cr.Az II 2017G mmmmm 2,03 12,22 — — —AmundiEu Cr.Fin 2015G mmmmm 7,56 22,05 — — —AmundiEu Cr.Fin 2017G mmmmm 3,18 18,86 — — —AmundiEu Cr.Ita 2015G mmmmm 5,24 15,20 — — —AmundiEu Cr.Ita 2018G mmmmm 3,63 16,36 — — —AmundiEu Cr.Set.Imm17G mmmmm 2,74 9,76 — — —AmundiEu Cr.Tai 2018G mmmmm 1,84 17,14 — — —AmundiEu CV 17G mmmmm 2,71 10,72 — — —AmundiEu CV 18G mmmmm 2,09 11,36 — — —AmundiEu Dop Opp 2014 mmmmm -0,51 3,77 — 3,00 —AmundiEu Double CallG mmmmm 4,53 17,54 — 3,90 4,90AmundiEu EuEmRip17GY mmmmm 4,37 6,94 — — —AmundiEu Italia DopOp18G mmmmm 3,31 — — — —AmundiEu Ma.In.DpOp18G mmmmm 0,42 1,79 — — —AmundiEu Mat Pr 2015G mmmmm 0,02 4,94 — 3,91 —AmundiEu Merc. Em.18G mmmmm 1,20 2,63 — — —AmundiEu P IV 2017G mmmmm 0,46 5,57 — — —AmundiEu Sv M P2016GY mmmmm 0,02 0,35 — — —AmundiEu Sv.It-Fr-Sp18G mmmmm 3,54 — — — —AmundiEu Svi. Russia18G mmmmm 1,26 — — — —AmundiEu Svi.Germa18G mmmmm 1,08 11,50 — — —AmundiEu Svil.En. 2016G mmmmm 1,68 4,40 — — —AmundiEu Svil.Merc.Em17G mmmmm 1,49 2,82 — — —AmundiEu Utilit.DopOp18G mmmmm 3,31 5,49 — — —AmundiEu.Cr.Cina 2017G mmmmm -0,13 2,99 — — —AmundiEu.En.DpOp18GY mmmmm 2,02 6,91 — — —AmundiEu.Sv.Gr.Cina18G mmmmm 0,78 — — — —AmundiEur. BRICT Pr17G mmmmm 0,21 0,32 — — —AmundiEur.Svil.USA 2016G mmmmm 2,42 18,03 — — —AmundiEur.Svil.USA 2018G mmmmm 1,51 15,34 — — —AmundiEureka Cina2015G mmmmm -0,41 2,26 — -0,38 —AmundiEureka DragonG mmmmm 0,24 1,73 — 3,61 —AmundiEureka Or 2015G mmmmm -0,20 5,52 — 3,07 —AmundiEureka Rip.2014 mmmmm 2,80 11,18 — 6,18 —AmundiEureka Rip.2016G mmmmm 1,77 13,97 — 6,72 —AmundiEureka Rip.22014 mmmmm 1,81 7,86 — 4,72 —AmundiEureka Sett.2016G mmmmm 0,78 2,48 — 1,14 —AmundiFoGaEMEqRe 2014 mmmmm -0,02 -0,37 — 0,61 3,09AmundiFoGaEMEqRe2013 mmmmm -0,06 -0,80 — 0,36 2,69AmundiFoGaEqRe2 2013 mmmmm -0,06 -0,70 — 1,25 1,93AmundiFor.EurEqOp2 2013 mmmmm — — — — —







AmundiForGaEqRe 13 mmmmm -0,02 0,02 — 1,62 2,25AmundiForGaEqRe 14 mmmmm 2,60 7,64 — 2,24 3,49AmundiForGarHiDiv 14 mmmmm — 0,20 — 1,09 2,35AmundiPiu'# mmmmm 0,35 -0,75 — 0,84 1,48Anfiteatro TotalReturn mmmmm — — — — —AnimaStar Eu AltoPot A mmmmm 2,32 12,72 — 5,90 7,34AnimaStar Eu AltoPot Y mmmmm 2,39 13,49 — 6,77 7,88AnimaStar ItAltoPot A mmmmm 3,77 10,20 — 7,11 6,92AnimaStar ItAltoPot Y mmmmm 3,81 11,17 — 7,72 7,30AnimaTr.18 It.Al.Pot.III mmmmm 1,43 — — — —ANM Anima Alto Pot.Gl.A mmmmm 1,68 9,78 — 3,91 6,15ANM Anima Alto Pot.Gl.F mmmmm 1,57 — — — —ANM Anima FondoTrading A mmmmm 1,88 18,11 — 5,47 8,27ANM Anima FondoTrading F mmmmm 2,02 — — — —AnthiliaOrangeY# mmmmm 1,28 -0,36 — 1,10 3,09AnthiliaYellow mmmmm 1,22 8,26 — 2,72 6,01ArcaCap.Gar. Dic2013G mmmmm 0,48 2,09 — 1,40 1,60ArcaCap.Gar. Giu2013 mmmmm — — — — —ArcaCashPlus mmmmm 0,53 2,44 — n.s. n.s.ArcaFormEuStoxx (R)2015 mmmmm 2,88 16,69 — 4,44 —ArcaFormII EStox (R)2015 mmmmm 2,37 13,22 — — —ArcaStrat.Gl.Crescita mmmmm 1,18 3,21 — 4,45 4,73ArcaStrat.Gl.Opportun. mmmmm 2,04 4,27 — 6,32 6,79AzimutDinamico mmmmm 2,00 9,15 — 3,27 4,69AzimutScudo mmmmm 0,21 4,79 — 2,97 3,67AzimutStr. Trend mmmmm 0,69 9,06 — 6,11 6,71AzimutTrend mmmmm 0,59 13,78 — 10,17 10,69AzimutTrendAmerica mmmmm -0,13 14,21 — 9,83 10,10AzimutTrendEuropa mmmmm 1,42 14,28 — 1,71 3,14AzimutTrendItalia mmmmm 10,99 30,78 — 2,88 3,15AzimutTrendPacifico mmmmm -0,59 8,88 — 3,75 4,37BancoPosta Extra mmmmm 1,36 3,04 — 1,19 2,45BancoPosta StepG mmmmm 0,04 -2,11 — -1,96 —BancoPosta TrendG# mmmmm 0,62 2,72 — 2,24 —BancoPostaInv Pr 90 mmmmm 1,08 2,34 — 0,97 1,04BancoPostaObbl Giu 2015 mmmmm 0,39 3,03 — — —BancoPostaObbl Giu 2017 mmmmm 1,17 5,77 — — —BCCCedola III -2017 mmmmm 1,87 — — — —BCCCrescita Bilanciato mmmmm 1,34 10,02 — 2,85 3,12BCCInvestimento Azion. mmmmm 1,32 10,66 — -0,67 2,39BCCSelez. Crescita# mmmmm 0,60 n.s. — n.s. n.s.BCCSelez. Investimento# mmmmm 0,45 7,45 — 3,74 6,20BCCSelez. Opportunità# mmmmm 0,73 n.s. — n.s. n.s.BCCSelez. Risparmio# mmmmm 0,29 n.s. — n.s. n.s.Bnl Protezione mmmmm 1,07 2,83 — -0,03 1,81BNPP 100%e Piu' Gr AsiaG mmmmm -0,06 -1,78 — -1,60 0,76BNPP 100%e Piu' Gr EurG mmmmm -0,06 -0,57 — -0,29 1,24BNPP Equipe Attacco# mmmmm 0,49 2,89 — 0,98 2,11BNPP Equipe Centrocampo# mmmmm 0,16 1,36 — 0,55 1,24BNPP Equipe Difesa mmmmm 0,22 1,22 — 0,72 1,54CarigeForziere Dinamico mmmmm — — — — —CarigeTotal Return 1 mmmmm 0,70 1,19 — 0,22 1,41CarigeTotal Return 2 mmmmm 0,80 — — -0,80 -0,64Consult Alto Div.Cl. A mmmmm 3,11 10,26 — 5,02 7,73Consult Alto Div.Cl. B mmmmm 3,08 10,10 — — —Consult High YieldCl. B mmmmm 1,18 3,14 — — —Consult Multi High VolA# mmmmm 0,26 — — — —Consult Multi High VolB# mmmmm 0,26 — — — —Consult Multi LowVol A# mmmmm 0,92 — — — —Consult Multi LowVol B# mmmmm 0,94 — — — —Consult Multi Med Vol A# mmmmm 0,66 — — — —Consult Multi Med Vol B# mmmmm 0,68 — — — —Consult Multi OpportA# mmmmm 1,72 — — — —Consult Multi OpportB# mmmmm 1,73 — — — —ConsultinvestMercati Em mmmmm 0,54 -6,24 — -3,60 2,31ConsultinvestMulti Flex A# mmmmm 1,32 2,64 — 3,68 5,00ConsultinvestMulti Flex B# mmmmm 1,31 — — — —

ConsultinvestPlus mmmmm 0,77 6,23 — 4,61 —ECCapProtetto 12/14P mmmmm 0,63 4,62 — 2,18 —EpsilonDLongRun mmmmm 1,34 8,54 — 2,86 4,10EpsilonFle ForexC09/18 mmmmm 0,88 — — — —EpsilonFle ForexC12/18 mmmmm — — — — —EpsilonQReturn mmmmm 2,46 12,52 — 6,08 6,96EurizonCed.Att+ 05/18 mmmmm 1,49 — — — —EurizonCed.Att+ 06/18 mmmmm 1,37 — — — —EurizonCed.Att.05/18 mmmmm 1,03 — — — —EurizonCed.Att.06/18 mmmmm 0,98 — — — —EurizonCed.Att.Top05/20 mmmmm 1,03 — — — —EurizonCed.Att.Top06/20 mmmmm 0,93 — — — —EurizonCed.Att.Top07/20 mmmmm 1,03 — — — —EurizonCed.Att.Top10/20 mmmmm 0,14 — — — —EurizonGes.At.Cla02/18# mmmmm 0,30 — — — —EurizonGes.At.Cla04/18# mmmmm 0,34 — — — —EurizonGes.At.Cla10/18 mmmmm 0,08 — — — —EurizonGes.At.Cla11/17# mmmmm 0,33 2,80 — — —EurizonGes.At.Cla6/18# mmmmm 0,34 — — — —EurizonGes.At.Cla7/17# mmmmm 0,33 2,81 — — —EurizonGes.At.Cla7/18# mmmmm 0,38 — — — —EurizonGes.At.Cla9/17# mmmmm 0,41 2,95 — — —EurizonGes.At.Din 02/18# mmmmm 0,59 — — — —EurizonGes.At.Din 04/18# mmmmm 0,73 — — — —EurizonGes.At.Din 10/18 mmmmm 0,06 — — — —EurizonGes.At.Din 11/17# mmmmm 0,61 6,04 — — —EurizonGes.At.Din 6/18# mmmmm 0,69 — — — —EurizonGes.At.Din 7/18# mmmmm 0,67 — — — —EurizonGes.At.Din 9/17# mmmmm 0,74 6,32 — — —EurizonGes.At.Din. 7/17# mmmmm 0,60 6,18 — — —EurizonGes.At.Opp02/18# mmmmm 1,01 — — — —EurizonGes.At.Opp04/18# mmmmm 1,19 — — — —EurizonGes.At.Opp10/18 mmmmm 0,04 — — — —EurizonGes.At.Opp11/17# mmmmm 1,02 8,68 — — —EurizonGes.At.Opp6/18# mmmmm 1,06 — — — —EurizonGes.At.Opp7/18# mmmmm 1,09 — — — —EurizonGes.At.Opp9/17# mmmmm 1,27 7,72 — — —EurizonGes.At.Opp.7/17# mmmmm 1,02 7,17 — — —EurizonGest.At.Cla 12/17# mmmmm 0,30 — — — —EurizonGest.At.Din12/17# mmmmm 0,60 — — — —EurizonGest.At.Opp 12/17# mmmmm 1,07 — — — —EurizonGuidaAtt. 10/18 mmmmm — — — — —EurizonObiettivo Rend# mmmmm 0,36 2,15 — 1,69 1,77EurizonProfiloFle Dif.# mmmmm 0,35 2,41 — 1,80 2,12EurizonProfiloFle Equi# mmmmm 0,38 3,25 — 2,17 3,26EurizonProfiloFle Svil# mmmmm 0,62 6,41 — 2,99 4,82EurizonRend.Ass 2anni# mmmmm 0,38 2,17 — 1,60 1,76EurizonRend.Ass 3anni# mmmmm 0,54 2,70 — 1,59 2,15EurizonStra Pro 1tri13G# mmmmm 1,32 2,00 — 1,20 1,19EurizonStra. Flessib 15G mmmmm 0,47 1,98 — 1,05 1,96EurizonStra.Pro 1tri12G# mmmmm 1,08 3,79 — 2,44 2,34EurizonStra.Pro 2tri12G# mmmmm 0,94 3,76 — 1,32 1,85EurizonStra.Pro IIITr11G# mmmmm 1,11 4,48 — 3,23 3,13EurizonTeam 1Cl A# mmmmm 0,18 0,86 — 1,19 1,68EurizonTeam 1Cl G# mmmmm 0,19 1,23 — 1,36 —EurizonTeam 2Cl A# mmmmm 0,29 1,81 — 1,35 2,67EurizonTeam 2Cl G# mmmmm 0,30 2,11 — 1,63 —EurizonTeam 3 ClA# mmmmm 0,44 3,54 — 1,48 3,32EurizonTeam 3 ClG# mmmmm 0,49 4,03 — 1,96 —EurizonTeam 4Cl A# mmmmm 0,77 6,60 — 2,08 3,89EurizonTeam 4Cl G# mmmmm 0,82 7,11 — 2,62 —EurizonTeam 5Cl A# mmmmm 0,90 8,12 — 2,63 4,62EurizonTeam 5Cl G# mmmmm 0,95 8,72 — 3,20 —Euromob.F3 mmmmm 0,75 1,44 — 1,30 2,00Euromob.Real Assets mmmmm 0,27 -2,77 — -1,16 n.s.Euromob.Strategic Flex mmmmm 0,14 -1,49 — -0,41 1,09Federico Re mmmmm — — — — —







FMS- AbsoluteReturn# mmmmm 0,70 1,52 — -1,28 0,39FocusClasse A mmmmm 1,20 7,45 — — —FocusClasse R mmmmm 1,34 — — 1,90 3,00FoiFlexEurope R mmmmm 1,14 -1,00 — — —FoiFlexEurope T mmmmm 1,20 -0,38 — — —FoiFlexItaly R mmmmm 2,54 12,84 — — —FoiFlexItaly T mmmmm 2,58 13,42 — — —FondacoGlobal Opport. BY mmmmm 0,64 — — — —FondacoGlobal Opport.Y# mmmmm 0,64 -1,82 — 0,64 3,39FonderselWorld All.# mmmmm 1,09 -0,01 — 0,59 0,86FonditDiver.RealAsset R mmmmm 0,43 — — — —FonditDiver.RealAsset S mmmmm -0,07 — — — —FonditDiver.RealAsset T mmmmm 0,42 — — — —FonditEq GlHigh Div R mmmmm 1,17 23,42 — 6,59 7,34FonditEq GlHigh Div T mmmmm 1,21 20,82 — 6,05 —FonditFlexib StrategyR mmmmm 0,82 -1,71 — 0,24 -0,19FonditFlexib StrategyS mmmmm 0,29 -4,14 — — —FonditFlexib StrategyT mmmmm 0,87 -1,25 — 0,69 —FonditGlobal Income S mmmmm -0,46 — — — —Fonditalia FlRisk ParR mmmmm 1,27 -0,79 — -0,14 1,14Fonditalia FlRisk ParT mmmmm 1,32 -0,22 — 0,46 —Fonditalia FlexibGrowthR mmmmm 0,52 2,72 — 1,63 1,64Fonditalia FlexibGrowthT mmmmm 0,55 2,97 — 1,97 —Formula 1Absolute mmmmm 2,14 13,12 — 2,21 2,13Formula 1Conservative mmmmm 0,63 3,31 — 2,17 1,41Formula 1Target2013 mmmmm 0,36 1,63 — 1,45 0,95Formula 1Target2014 mmmmm 0,58 4,60 — 1,68 1,03GestielleAbsolute R mmmmm 1,15 10,35 — 2,15 3,29GestielleCed.EuroItalia mmmmm 2,93 — — — —GestielleD Opp.2015 FAFG mmmmm 3,30 13,42 — — —GestielleHarmonia Dinam.# mmmmm 1,08 5,63 — 1,68 2,44GestielleHarmonia Mod.# mmmmm 0,55 3,74 — 1,16 1,96GestielleMult.Ab.Ret# mmmmm 0,91 7,34 — 1,78 —GestielleOb America mmmmm 0,10 10,23 — n.s. n.s.GestielleOb Brasile mmmmm -0,48 -9,55 — -6,15 —GestielleOb Cina mmmmm 0,24 3,99 — n.s. n.s.GestielleOb East Europe mmmmm 0,64 3,41 — n.s. n.s.GestielleOb India mmmmm 1,60 -4,10 — n.s. n.s.GestielleOb Internaz. mmmmm 0,68 14,95 — n.s. n.s.GestielleOb Piu' IIP mmmmm 1,47 10,92 — 4,99 —GestielleOb Piu'P mmmmm 1,34 8,55 — 3,78 —GestielleOb Risp A mmmmm 0,77 7,19 — n.s. n.s.GestielleOb Risp B mmmmm 0,79 7,68 — n.s. n.s.GestielleOb. CedolaP mmmmm 1,33 10,86 — 3,16 —GestielleOb. Em. Mkt mmmmm -0,42 -2,13 — n.s. n.s.GestielleOb. Europa mmmmm 1,76 17,12 — n.s. n.s.GestielleOb.Italia mmmmm 4,19 17,90 — n.s. n.s.GestnordAsset Allocation mmmmm 0,46 6,38 — 3,03 1,91GIFocus Azionario mmmmm 0,58 0,31 — 0,52 2,50IGMFdF Flessibile Cl.A# mmmmm 1,14 4,69 — 1,66 -3,02IGMFdF Flessibile Cl.B# mmmmm 1,20 5,39 — 2,29 -2,45Interf.System Evolution mmmmm 1,48 4,04 — 1,76 1,17InterfundSystem 100 mmmmm 0,44 1,30 — 0,24 0,93

InvestitoriFlessibile mmmmm 1,55 5,86 — 2,57 2,92ItalfortuneGlob TotRet mmmmm 0,94 7,60 — 2,10 n.s.KairosIncome mmmmm 0,07 0,47 — 0,51 0,67KairosSmall Cap mmmmm 1,63 5,42 — 3,67 4,49Macro F.o. mmmmm 0,62 1,02 — -0,32 -0,29MediolanumFleStrateg. mmmmm 1,17 4,95 — 3,07 n.s.MediolanumFles. Ita. mmmmm 8,61 27,09 — 6,49 n.s.MediolanumFles.Glo. mmmmm -0,17 8,99 — 4,42 n.s.PioneerTarget Controllo A mmmmm 1,08 3,84 — 2,43 3,51PioneerTarget Controllo B mmmmm 1,05 3,65 — — —RaiffeisenStrat. Fonds mmmmm 0,46 1,48 — — —Sofia Flex mmmmm — — — — —SoprarnoGlobal Macro A mmmmm 0,59 -0,56 — -0,53 2,17SoprarnoGlobal Macro BY mmmmm 0,63 — — -0,05 2,66SoprarnoInflaz. 1,5%BY mmmmm 0,90 11,10 — 4,08 4,36SoprarnoInflaz. 1,5%A mmmmm 0,86 10,82 — 3,83 4,11SoprarnoRelat ValueA mmmmm 2,59 15,67 — 4,03 4,62SoprarnoRelat. ValueBY mmmmm 2,65 16,11 — 4,47 5,07SoprarnoRit. Ass A mmmmm 1,02 13,42 — 5,06 4,57SoprarnoRit. Ass. BY mmmmm 1,04 13,90 — 5,61 4,95Star CollMulti As.GlA# mmmmm 1,05 — — — —Star CollMulti As.GlCY# mmmmm 0,99 — — — —Symp. AsiaFles. mmmmm 1,04 15,03 — 5,22 7,00Symp. Fortissimo mmmmm 2,81 21,97 — 2,69 5,35Symp. Patrim. Attivo mmmmm 1,34 8,63 — 3,02 5,06Symp. Tematico mmmmm 3,35 8,51 — 3,48 3,71SynergiaTotal Return mmmmm 1,24 6,70 — 2,80 —TempiD'IN-PRESA mmmmm — — — — —UBIPra. Active Beta mmmmm 0,39 0,65 — -0,82 -0,76UBIPra. Alpha Equity mmmmm 0,49 1,83 — -1,32 -0,53UBIPra. Tot. Ret. Din. mmmmm 0,38 0,99 — -1,49 -0,61UBIPra. Tot.Ret. Moderato A mmmmm 0,45 -1,29 — -1,51 0,50UBIPra. Tot.Ret. Moderato B mmmmm 0,45 -1,14 — -1,33 0,65Unicredit Eco Reale A# mmmmm 0,28 — — — —Unicredit Eco Reale B# mmmmm 0,26 — — — —UniCreditSol.Pa. Em. A mmmmm 0,28 -2,13 — — —UniCreditSol.Pa. Em. B mmmmm 0,25 -2,68 — — —UniCreditSoluzione 20A# mmmmm 0,51 1,42 — — —UniCreditSoluzione 20B# mmmmm 0,46 0,95 — — —UniCreditSoluzione 40A# mmmmm 0,70 4,45 — — —UniCreditSoluzione 40B# mmmmm 0,65 3,93 — — —UniCreditSoluzione 70A# mmmmm 0,85 7,40 — — —UniCreditSoluzione 70B# mmmmm 0,80 6,82 — — —Unicredit TrendA# mmmmm 0,42 — — — —Unicredit TrendB# mmmmm 0,38 — — — —VolterraAbsolute R mmmmm 1,11 10,35 — 2,28 2,66VolterraDinamico mmmmm 1,08 5,23 — 1,50 —VolterraModerato mmmmm 0,60 3,37 — — —ZenitMc Evoluzione Cl.I mmmmm 0,67 2,55 — n.s. n.s.ZenitMc Evoluzione Cl.R mmmmm 0,55 1,26 — n.s. n.s.ZenitMc ParsecCl.I mmmmm 1,70 7,71 — — —ZenitMc ParsecCl.R mmmmm 1,68 6,32 — n.s. n.s.msci world 1,21 18,18 — 12,45 13,13

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 -0,65 1,26 —FLE Ailis RendimentoMisto mmmmm 2,02 0,74 —

alkenfundAER EuropeanOpps R mmmmm 39,49 14,56 19,00AER SmallCap Europe R mmmmm 49,68 16,24 20,78

anima assetmgmtAnimaPrima FundsOIN Bd 2015Multic. Din.Silver mmmmm 3,08 5,27 —OEU Bd 2015Multic. Silver mmmmm 2,75 4,01 —AER Europe Eq.Prestige mmmmm 24,72 10,94 11,33OEU LifeShort Term Silver mmmmm -0,19 -0,28 -0,40LEE LiquidityA mmmmm 0,33 0,65 0,66LEE LiquiditySilver mmmmm 0,18 0,50 0,51OEU MediumTerm Bd Prest. mmmmm 3,62 3,30 3,81FLE Protetto100 Az.Gl. Silver mmmmm 4,41 1,93 —FLE SecureWorldEq.3Silver mmmmm 4,02 1,94 —OEU Short TermBd Prest. mmmmm 1,33 1,69 1,86FLE Star High Potent.Eur.Prest. mmmmm 13,82 6,60 11,56FLE Star MktNeutralEur.I mmmmm 2,33 3,38 —

anima sicavOEU EuroCorporateBonds mmmmm 1,97 1,74 3,05LEE EuroReserve mmmmm 0,68 1,08 0,67OEU Italian Bonds mmmmm 4,90 2,66 2,78

az fund mgmt s.a.Cl. AZ Fund(ACC)FLE ActiveSelection mmmmm 7,21 1,06 —OEU AggregateBond Euro mmmmm 3,23 2,29 3,39OIN AlphaManager Credit mmmmm 2,34 2,11 5,60AIN AlphaManager Equity mmmmm 12,43 2,47 6,76AIN AlphaManager Thematic mmmmm 5,71 0,59 5,32AMA AmericanTrend mmmmm 15,14 9,64 10,07BIL AssetPlus mmmmm 1,41 1,02 2,13BIL AssetPower mmmmm 3,90 1,57 4,27BIL Conservative mmmmm 4,84 3,26 3,94OIN CorporatePremium mmmmm 2,36 2,62 —BIL DividendPremium mmmmm 7,09 2,25 —AZE Em. Market Asia mmmmm -1,15 -1,50 9,49AZE Em. Market Europe mmmmm -0,86 -6,71 6,34AZE Em. Market Latin America mmmmm -13,68 -9,71 7,88BIL EuropeanDynamic mmmmm 9,44 3,14 4,68AER EuropeanTrend mmmmm 16,13 1,61 3,22FLE Formula1 -Absolute mmmmm 14,19 2,88 3,83FLE Formula1 -Alpha Plus mmmmm 1,41 1,55 —FLE Formula1 -Conservative mmmmm 3,04 1,09 0,75AMP FormulaCom. Trading mmmmm -10,01 -5,51 —FLE FormulaMacro Dyn.Trad. mmmmm 5,83 3,10 —FLE FormulaTarget 2014 mmmmm 4,49 1,51 0,86OEU Income mmmmm 3,69 2,75 3,30FLE InstitutionalTarget mmmmm 2,77 2,24 —FLE Italian Trend mmmmm 33,25 1,90 2,42AIN LongTerm Value mmmmm 19,58 4,82 8,70AER Opportunities mmmmm 20,00 5,74 10,87AAP Pacific Trend mmmmm 10,04 4,21 5,16BIL QBond mmmmm 2,95 0,28 0,19FLE QProtection mmmmm 5,34 2,08 1,46FLE QTrend mmmmm 9,12 -2,83 0,49LEE ReserveShort Term mmmmm 1,13 1,20 0,98OMI Solidity mmmmm 4,09 2,38 2,68

FLE StrategicTrend mmmmm 10,56 6,24 6,99FLE Trend mmmmm 15,58 10,01 10,66OAM USIncome mmmmm -9,18 -2,01 -0,51

baseinvest.s sicavOIN Bonds-Multicurrency EUR mmmmm -2,09 0,91 —OEU BondsValueEUR mmmmm 5,91 4,67 7,53FLE FlexibleLow Risk Exp. mmmmm 2,16 1,14 —LEE Short TermEUR mmmmm 1,56 1,35 1,30

bgselection sicavAZE Africa&MiddleEast Eq mmmmm 5,69 -2,20 4,07AEU Anima -Italy Equities mmmmm 21,89 -1,03 1,06FLE ARC mmmmm 1,70 1,23 1,68FLE ARC10 mmmmm 4,11 2,77 3,43FLE BlackRock -GL MA mmmmm 3,72 1,72 —AAP China&India Eq mmmmm -5,41 -8,51 —AZE EasternEurope Eq mmmmm -2,02 -6,15 6,98AER GlobalDynamic mmmmm 14,81 4,03 6,71FLE GlobalRisk Managed mmmmm 7,84 2,85 —BIL HSBC-Em. Mkts Solution mmmmm -3,64 -2,91 —AAP Invesco-Asia Gl.Opps mmmmm 2,75 -1,37 —AER Invesco-Europe Eq. mmmmm 18,23 4,17 7,80FLE Kairos -Blend mmmmm 8,34 2,23 —AZE LatinAmerica Eq mmmmm -11,47 -10,45 9,00LEE Liquidity mmmmm 0,63 1,03 0,93FLE MorganStanley- Act.All. mmmmm 7,34 2,76 —AMA MorganStanley-N.Am.Eq. mmmmm 15,18 8,05 7,97AIN PictetWorld Opportun. mmmmm 14,92 6,73 —FLE Swiss&GlobalFlex.Strat. mmmmm 4,13 1,91 —AIN T-Cube mmmmm 15,65 0,77 5,69BIL Vontobel -Gl.Elite mmmmm 0,47 -0,19 —AAP Vontobel Pacific Equities mmmmm -4,87 -4,32 3,18

bnp paribas assetmgmtFondicomuni didiritto franceseFLE Europa AltoPotenziale2 mmmmm 1,78 1,25 —FLE Gar.Eur.3Sett-Gen2010 mmmmm 1,13 0,59 —FLE ImprenditoriVincenti mmmmm -0,32 1,01 —FLE ImprenditoriVincenti2 mmmmm -0,58 0,46 —

bny mellon assetmgmtBNYMellon Global FundsAZE Em. MktsEq. ValueF. mmmmm -4,71 -4,40 12,65OEU EuroGovtBond IdxTrack mmmmm 3,78 3,71 4,44OEU EurolandBond mmmmm 3,95 4,45 7,90OIN GlobalBond mmmmm -9,18 1,39 4,48OIN GlobalBond A$ mmmmm -10,17 0,83 4,04OIN GlobalBond($) mmmmm -9,72 1,34 4,55

cb-accentlux sicavOEU BondEuro mmmmm 3,01 4,67 4,97OIN Swan Bond Opport. mmmmm 2,24 2,38 —FLE Swan Flexible mmmmm 0,44 0,33 —OIN Swan High Yield mmmmm 4,56 3,69 —

credit suisseCSInvest (Lux)FLE IndexBlink B mmmmm 10,31 6,83 9,06OIN LondiniumGlobalBdsB mmmmm 0,42 1,87 4,11AIN LondiniumGlobalEq B mmmmm 17,78 4,65 8,43

dnca

datial 23.10.2013 rating perf.% rendim rendimcateg. fondi cfs lorda annuo annuo

1anno 3 anni 5anni


1anno 3 anni 5anni


sicav e fondi esteri autorizzati

OCO DNCAConvertibles mmmmm 11,45 6,76 —SICAVDNCA InvestOCO DNCAConvertibles mmmmm 10,39 5,76 —OCO DNCAConvertibles mmmmm 10,62 5,98 —FLE DNCAEurose mmmmm 13,14 6,05 7,78FLE DNCAEvolutif mmmmm 21,45 7,16 9,76FLE DNCAMiura mmmmm 11,69 3,33 —

duemmesicavOEU C-QuadratEu I. Plus Cl.C mmmmm 3,30 6,07 —

edmond de rothschild fundOCO Europ.Convert. BdsA C mmmmm 14,79 3,79 8,97

erselgestion inter.eOCO GloberselBCMConvertible mmmmm 12,43 3,13 8,81OEU GloberselCorp. Bond mmmmm 4,32 3,77 5,70AIN GloberselEquity A mmmmm 14,56 9,85 12,72AZE LeaderselEm. Market Mult. mmmmm -1,39 -1,53 11,59OEU LeaderselGlobalAsset mmmmm 0,81 1,22 1,14

eurizoncapital s.a.EpsilonFundOEU EuroBond mmmmm 5,06 5,45 6,80LEE EuroCash mmmmm 1,21 1,59 1,64EurizonFocus Formula FundFLE FormulaAzioni 2015-1 mmmmm 9,98 — —FLE FormulaAzioni 2015-2 mmmmm 8,64 — —EurizonFocus Riserva DocOIN Obbligaz.Corp.12/2013 mmmmm 1,65 2,06 —OIN Obbligaz.Corp.12/2014 mmmmm 2,33 2,54 —OIN Obbligaz.Corp.12/2014-2 mmmmm 2,77 2,61 —EurizonManager SelectionFundOMI MS10 mmmmm 4,34 3,48 5,93BIL MS20 mmmmm 5,56 4,08 6,57BIL MS40 mmmmm 9,07 5,27 6,13BIL MS70 mmmmm 14,18 8,28 9,17EurizonMultiasset FundBIL Dynamic mmmmm 7,01 2,12 3,01LEE EuroCash mmmmm 0,72 0,97 1,05OMI Trender mmmmm 3,34 1,45 1,82RossiniLux FundOEU Obbligaz.TV mmmmm 4,98 2,28 1,89

eurizoneasyfundActiveMarketOEM BondEmerging Mkts mmmmm -7,61 4,87 13,05OIN BondHigh Yield mmmmm 10,91 7,34 18,86OIN BondHigh Yield mmmmm 9,77 6,18 17,56OEU BondInflation Linked mmmmm 1,32 1,99 2,73OEU BondCorpEur ST mmmmm 4,15 4,09 4,18OEU BondCorp.EurST mmmmm 3,34 3,26 3,14AER EquitySmall Cap Europe mmmmm 24,34 8,08 14,54AER EquitySmall Cap Europe mmmmm 25,61 9,51 16,18ActiveMarket cop.rischio cambioOEM BondEmerging Mkts mmmmm -3,28 3,45 13,57OEM BondEmerging Mkts mmmmm -2,43 4,48 14,75ActiveStrategyFLE AbsoluteAttivo mmmmm 4,74 2,47 2,09FLE AbsolutePrudente mmmmm 3,78 2,29 1,88Limited TrackingErrorOEU BondEUR Float.Rate LTE mmmmm 4,78 2,12 —OEU BondEUR Long T. LTE mmmmm 4,77 3,78 5,17

OEU BondEUR Long T. LTE mmmmm 5,81 4,80 6,22OEU BondEUR Medium T. LTE mmmmm 2,48 2,40 3,29OEU BondEUR Medium T. LTE mmmmm 3,53 3,46 4,36OEU BondEUR Short T. LTE mmmmm 1,66 1,06 1,71OEU BondEUR Short Term LTE mmmmm 2,63 2,01 2,68OIN BondInternational LTE mmmmm -9,94 0,18 2,49OIN BondInternational LTE mmmmm -9,18 1,08 —OAP BondJPY LTE mmmmm -20,82 -4,13 -0,31OAM BondUSD LTE mmmmm -7,49 2,30 2,25LEE CashEUR mmmmm 0,63 0,92 0,91LEE CashEUR mmmmm 1,38 1,67 1,66AAP EquityChina LTE mmmmm -1,46 -3,85 13,76AZE EquityEm. Mkts AsiaLTE mmmmm 1,77 0,59 16,65AZE EquityEm. Mkts AsiaLTE mmmmm 0,37 -0,84 14,96AZE EquityEm. Mkts EMEA LTE mmmmm 1,60 -0,69 14,04AZE EquityEm. Mkts LTE mmmmm -1,14 -1,47 —AZE EquityEm. Mkts LTE mmmmm -2,40 -2,82 —AEU EquityEuro LTE mmmmm 24,97 4,35 7,31AEU EquityEuro LTE mmmmm 26,84 5,94 8,95AER EquityEurope LTE mmmmm 19,54 6,85 9,73AER EquityEurope LTE mmmmm 21,31 8,48 11,40AZF EquityFinancial LTE mmmmm 24,58 10,36 7,54AAP EquityJapan LTE mmmmm 25,30 6,17 4,86AAP EquityJapan LTE mmmmm 27,04 7,70 6,39AZE EquityLatinAmerica LTE mmmmm -9,91 -7,09 12,56AMA EquityN.America LTE mmmmm 15,00 12,40 11,38AMA EquityN.America LTE mmmmm 16,72 14,08 13,05AAP EquityOceania LTE mmmmm 6,57 5,54 17,31AAP EquityOceania LTE mmmmm 8,06 7,06 19,02LAM TreasuryUSD mmmmm -5,61 0,54 -0,92LAM TreasuryUSD mmmmm -6,30 -0,20 -1,66Linea LTE cop. rischio cambioOER BondGBP mmmmm -2,56 4,17 5,71OAP BondJPY mmmmm 2,30 1,86 2,57OAM BondUSD mmmmm -1,97 1,84 3,65AER EquityEurope mmmmm 23,23 6,82 10,69AAP EquityJapan mmmmm 59,57 11,95 6,97AMA EquityNorth America mmmmm 23,85 12,91 13,08

eurizoninvest. sicavAER Europe Equities mmmmm 19,28 7,01 —FLE Scudo mmmmm 3,08 2,65 —

euromobiliare inter. fund sicavEurofundluxOIN AltoRendimento 2014A mmmmm 1,81 2,97 7,79OIN AltoRendimento 2015A mmmmm 2,39 3,29 —FLE DynamicMultimanager B mmmmm 14,12 7,27 9,36LEE EuroCash A mmmmm 0,53 1,01 1,12LEE EuroCash B mmmmm 0,83 1,34 1,44AEU EuroEquity D mmmmm 26,87 2,45 4,83OIN GlobalBond D mmmmm -2,22 0,91 —OEU QBondAbsolutereturn A mmmmm 1,62 1,46 2,59OEU QBondAbsolutereturn B mmmmm 1,72 1,55 2,83BIL QFund97A mmmmm 1,64 0,48 —FLE TRFlex5 A mmmmm 2,10 3,89 11,04FLE TRFlex5 B mmmmm 2,77 4,55 11,75

european & global invest.sFLE Plurima Fra.AlphaStrNL mmmmm 10,02 2,78 —

fideuramgestions s.a. lussemburgoOEM BondGlb EmMkts mmmmm -4,80 3,51 12,61


1anno 3 anni 5anni


1anno 3 anni 5anni



OAM BondUSD mmmmm -7,46 2,37 2,12AMP Commodities mmmmm -9,35 -3,25 —AZE EqGlb EmMkts Eur mmmmm 1,76 0,39 15,22AAP EqPac. exJap. A mmmmm 7,45 3,11 13,50AMA EqUSA Advant mmmmm 15,00 11,62 11,63AMA EqUSA Value mmmmm 16,60 12,86 8,35AER EquityEurope mmmmm 20,91 6,11 8,90AEU EquityItaly mmmmm 36,72 5,70 8,22AAP EquityJapan A mmmmm 23,12 4,58 4,07AAP EquityJapan H mmmmm 58,32 11,14 5,63AMA EquityUSA A mmmmm 14,81 12,32 10,98AMA EquityUSA H mmmmm 21,33 11,88 12,12OEU EuroBd LowRisk mmmmm 2,02 2,69 3,56OEU EuroBd Med Risk mmmmm 3,05 4,04 4,65OEU EuroCorp. Bd mmmmm 2,96 3,33 5,24OEU EuroDefensive Bd mmmmm 0,94 1,48 1,97OEU EuroShort Term mmmmm 0,36 1,02 0,98AIN MarshallWaceTops mmmmm 3,52 3,69 —

generali fund mgmt s.a.FLE VoBaFlex mmmmm 10,71 1,64 5,19OMI VoBaMoney Plus mmmmm 2,02 1,31 1,93

generali invest.s sicavOEU EuroBonds mmmmm 2,59 3,53 4,63OEU EuroCorporateBonds mmmmm 3,92 4,25 6,77LEE EuroShort Term Bonds mmmmm 1,34 1,55 1,61FLE Garant1 mmmmm 2,74 3,35 3,38FLE Garant2 mmmmm 4,14 1,56 2,66FLE Garant3 mmmmm 0,99 0,89 2,41FLE Garant4 mmmmm 0,91 0,76 —

gestielleinv. sicavOEU BondEuro (R) mmmmm 2,60 2,24 2,61

hsbcOEU EuroGvt Bd C mmmmm 4,19 3,99 4,98

hsbc global inv. fundsAAP AsiaexJapan Eq. ($) mmmmm -3,17 -3,31 11,42AAP AsiaPac exJapEqH.Dv($) mmmmm 2,27 4,09 15,00AZE BrazilEquity mmmmm -9,97 -9,54 14,27AZE BrazilEquity($) mmmmm -9,52 -9,08 14,84AZE BRIC Equity($) mmmmm -8,54 -7,24 12,09AZE BRIC MktsEq($) mmmmm -4,04 -4,63 11,77AZE BRIC MktsEq($) mmmmm -4,52 -5,11 11,21OEU EuroBond mmmmm 4,20 4,80 6,96OEU EuroCredit Bond mmmmm 5,52 6,14 8,97LEE EuroReserve mmmmm -0,06 0,18 0,36AEU EurolandEquity mmmmm 33,85 5,94 10,54AEU EurolandGrowth mmmmm 21,60 5,51 9,61OEU Europ High Yield Bd mmmmm 10,42 8,80 16,60OEM Glb EmMkts Bond ($) mmmmm -8,70 5,63 13,87OIN GlobalHigh IncomeBond mmmmm -2,31 7,16 —AZE KoreanEquity($) mmmmm 4,05 2,02 13,85AZE Russia Equity($) mmmmm -2,81 -3,39 17,18AZE TurkeyEq mmmmm -4,23 -3,89 25,28AER UKEquity (Gbp) mmmmm 18,65 11,28 12,18

hsbc multi index fundsAMA USEquity BHed mmmmm 22,22 13,32 12,47

julius baer, zurigo

JB MultibondOIN AbsoluteReturn Bd B mmmmm 1,48 2,00 3,61OIN AbsoluteReturn Bd B(Chf) mmmmm -0,30 4,73 6,89OIN AbsoluteReturn Bd Def B mmmmm 0,51 1,42 2,39OIN AbsoluteReturn Bd Plus B mmmmm 1,41 3,01 5,16OIN Cred Opportunities B mmmmm 2,53 4,64 —OAM DollarBond B($) mmmmm -7,77 2,43 4,02OEM EmergingBd EUROB mmmmm -3,58 4,44 14,93OEM EmergingBd USD B($) mmmmm -9,60 4,67 13,99OEU EuroBond B mmmmm 3,64 4,80 —OEU EuroGov.Bd B mmmmm 4,05 3,45 4,03OIN GlobalH.Y. Bond B mmmmm 8,65 6,55 12,38OEM LocalEmerg.Bd B($) mmmmm -7,62 2,16 9,09OER SwissFranc Bond B(Chf) mmmmm -1,82 4,95 8,43OEU TotalReturn Bond B mmmmm 0,35 2,96 4,97JB MulticashLAM JBMMDollar-USD B mmmmm -5,92 0,49 -0,96LEE JBMMEuro-EUR B mmmmm -0,29 0,14 0,37LEE JBMMSterling-GBP B mmmmm -4,46 1,68 -0,82LEE JBMMSwiss Franc-CHF B mmmmm -1,64 3,42 4,26JB MulticooperationAMP CommodityB mmmmm -9,17 -1,89 -0,79AMP Commodity-USD/B($) mmmmm -14,35 -0,90 -0,77BIL StrategyBalanced B mmmmm 7,90 5,87 8,32BIL StrategyBalanced B(Chf) mmmmm 7,20 7,52 9,44BIL StrategyIncomeB mmmmm 5,01 4,82 6,77BIL StrategyIncomeB($) mmmmm 0,41 4,71 5,96BIL StrategyIncomeB(Chf) mmmmm 3,70 6,09 8,09JB MultistockAAP AsiaStockB($) mmmmm -3,82 -2,50 10,14AER Eur.Selection FdB mmmmm 19,23 6,99 10,69AER Eur.Small& Mid Cap B mmmmm 38,01 12,75 18,67AEU EuroLarg.Cap StockFd mmmmm 24,99 4,85 —AEU Eurol.ValueSt. B mmmmm 33,62 10,73 11,46AER Europe St. B mmmmm 23,35 5,97 8,89AEU German ValueSt. B mmmmm 26,75 11,12 15,14AIN GlobalEq IncomeB mmmmm 15,22 6,03 7,73AAP JapanStockB(Jpy) mmmmm 23,11 9,40 10,25ACG LuxuryBrands (EUR)B mmmmm 25,09 16,16 22,18AER SwissSmall&Mid CapB(Chf) mmmmm 29,42 8,77 14,67AER SwissSt. B(Chf) mmmmm 29,93 11,75 13,42AMA USLeading St. B($) mmmmm 5,79 12,29 11,60

kairosinter. sicavAMA KIS -America P mmmmm 22,92 10,59 —OER KIS -Bond P mmmmm 4,05 3,50 —FLE KIS -DynamicP mmmmm -2,04 0,98 2,13AAP KIS -Em. MarketsP mmmmm 10,28 0,12 —FLE KIS -Multi-St.UCITSP mmmmm 7,69 2,38 —AEU KIS -SmallCap P mmmmm 3,84 3,33 4,60

lemanik sicavBIL Italy Cap Retail mmmmm 26,36 2,29 5,49

luxicav sicavAER AzionarioEuropa B mmmmm 33,29 0,74 5,42OIN ObbligazionarioB mmmmm 3,56 3,66 6,90

m&ginter. invest. ltdM&G DynamicAllocation FundFLE DynamicAllocationA mmmmm 9,33 6,47 —

mediolanum inter. f.


1anno 3 anni 5anni


1anno 3 anni 5anni



CH - Challenge Funds - Classi MediolanumACG Counter CyclEq L mmmmm 12,65 10,68 8,23ACG CyclicalEq L mmmmm 22,27 11,57 12,95AZE Emerg. MktsEq. L mmmmm -1,66 -1,52 11,80AZE Emerg. MktsEq. S mmmmm -2,18 -2,03 11,22AEN Energy Eq.L mmmmm 2,76 3,16 6,66OEU EuroBd L-A mmmmm 2,95 2,34 3,53OEU EuroBd S-B mmmmm 1,84 1,81 3,11OEU EuroIncomeL-A mmmmm 0,91 1,25 1,47AER EuropeanEq.L mmmmm 18,50 6,07 7,70AER EuropeanEq.S mmmmm 17,87 5,51 7,13AZF Financial Eq.L mmmmm 19,02 6,87 4,70FLE FlexibleL-A mmmmm 1,00 -1,95 -0,31FLE FlexibleS-A mmmmm 0,58 -2,36 -0,73AEU GermanyEq. L mmmmm 22,72 7,20 9,62OIN InternBd L-A mmmmm -14,70 -1,21 —OIN InternBd L-ACop mmmmm -3,10 0,86 2,52OIN InternBd L-B mmmmm -15,25 -1,45 —OIN InternIncL-A mmmmm -12,89 -2,69 —OIN InternIncL-B mmmmm -12,90 -2,71 —AIN InternationalEq L mmmmm 13,60 8,19 8,13AIN InternationalEq S mmmmm 13,11 7,72 7,66AEU Italian Eq.L mmmmm 31,95 3,39 5,81LAM Liquid.US$ S mmmmm -6,71 -0,64 -1,96LEE LiquidityEuroL mmmmm 0,09 0,63 0,68LEE LiquidityEuroS mmmmm -0,05 0,49 0,54AMA NorthAmer. Eq. L mmmmm 13,67 12,09 10,21AAP Pacific Eq Lcop mmmmm 31,66 7,33 —AAP Pacific Eq.L mmmmm 13,91 5,70 6,39OIN Solidity& ReturnS-A mmmmm 3,64 1,59 3,73AEU SpainEq. L-A mmmmm 34,77 4,01 7,48ATE TechnologyEq. L mmmmm 13,39 8,05 10,04MediolanumBest BrandsAIN BlackRockGlb L mmmmm 12,26 5,54 8,89AIN BlackRockGlb L cop mmmmm 16,24 5,08 8,87AIN BlackRockGlb S mmmmm 11,80 5,11 8,45AIN BlackRockGlb S cop mmmmm 15,88 4,74 8,42AIN DWSMegaTrend Sel L mmmmm 7,71 2,59 —AIN DWSMegaTrend Sel Lcop mmmmm 10,75 2,32 —AIN DWSMegaTrend Sel S mmmmm 7,29 2,18 —AIN DWSMegaTrend Sel Scop mmmmm 10,23 1,84 —AZE EmMkts Coll L mmmmm -1,83 -0,22 12,20AZE Em. MktsColl S mmmmm -2,32 -0,72 11,64AIN Eq.Power Coup. Coll L mmmmm 9,49 6,86 7,93AIN Eq.Power Coup. Coll S mmmmm 9,04 6,43 7,50OEU EuroFixedIncomeL B mmmmm 0,40 0,80 1,15AER EuropeanColl L mmmmm 15,95 8,02 9,85AER EuropeanColl Lcop mmmmm 16,67 7,17 9,51FLE F.TempletonEMSel L mmmmm -3,05 -0,15 —FLE F.TempletonEMSel S mmmmm -3,43 -0,56 —OIN Glb High Yield cop LA mmmmm 1,41 4,43 12,95OIN Glb High Yield cop SA mmmmm 0,84 4,08 12,59OIN Glb High Yield cop SB mmmmm -0,73 3,38 12,14OIN Glb High Yield LA mmmmm -3,71 4,80 11,74OIN Glb High Yield LB mmmmm -5,38 4,18 11,35OIN Glb High Yield SA mmmmm -4,00 4,49 11,39OIN Glb High Yield SB mmmmm -5,67 4,05 11,12ATE Glb Tech Coll L mmmmm 11,53 7,13 11,60AIN JPMorganGlb L mmmmm 15,81 6,78 9,28AIN JPMorganGlb Lcop mmmmm 20,46 6,53 9,27AIN JPMorganGlb S mmmmm 15,35 6,35 8,84AIN MStanleyGlb L mmmmm 18,36 9,09 11,45AIN MStanleyGlb Lcop mmmmm 20,75 8,42 11,21

AIN MStanleyGlb S mmmmm 17,89 8,65 10,99AIN MStanleyGlb Scop mmmmm 20,17 7,91 10,75AAP Pacific Coll L mmmmm 11,39 2,78 6,95FLE PimcoInflat StratSel L mmmmm -1,15 1,72 —FLE PimcoInflat StratSel S mmmmm -1,46 1,42 —FLE PremiumCoup.Coll Scop mmmmm 2,38 2,22 3,11AMA USCollection L mmmmm 15,85 10,75 10,52PortfolioFund - Classi MediolanumAIN Active100 S mmmmm 10,46 6,10 7,90BIL Active80 S mmmmm 5,15 4,30 5,62AIN AggressivePlus S mmmmm 11,19 6,44 7,78LEE LiquiditySA mmmmm 0,13 0,66 0,82

mfsmeridian funds sicavAAP Asiaex-Japan A1($) mmmmm 4,63 4,30 16,01OEM Emerg.MktsDebt A1($) mmmmm -9,07 5,22 14,23OEM Emerg.Mkts DebtLoCurr A1($) mmmmm -8,07 0,74 —AZE Emerg.MktsEquity A1($) mmmmm -1,78 -0,06 14,38AER Europ.Smaller Comp.A1 mmmmm 21,58 17,79 21,28AER EuropeanRes. A1 mmmmm 22,88 11,72 13,62AER EuropeanValueA1 mmmmm 19,98 12,62 14,81AIN GlobalConcentratedA1($) mmmmm 21,82 13,54 15,49AIN GlobalEquity A1 mmmmm 21,56 14,28 14,08AIN GlobalEquity A1($) mmmmm 21,48 13,82 14,32AIN GlobalResearchA1($) mmmmm 16,19 — —BIL GlobalTotal ReturnA1 mmmmm 7,59 9,35 8,63OAM High Yield A1($) mmmmm -0,24 7,68 11,82OIN Inflat-AdjustedBond A1($) mmmmm -12,22 2,34 3,25AZE LatinAmerican Equity A1($) mmmmm -4,02 -1,25 —OAM LimitedMaturity A1($) mmmmm -5,87 1,24 1,61OAM ResearchBond A1($) mmmmm -6,70 3,38 5,28AMA USConc. Growth A1($) mmmmm 18,70 13,39 14,04OAM USGovernmentBd A1($) mmmmm -7,72 1,78 2,24AMA ValueA1($) mmmmm 19,55 14,48 11,92

morganstanley invest. mgmt ltdARE AsianProperty mmmmm 9,52 6,83 14,44FLE Diversified Alpha Plus mmmmm 14,38 6,41 4,69FLE Diversified Alpha Plus mmmmm 15,51 7,46 5,73OEM Em.MktsDomest.Debt mmmmm -6,27 -2,10 —OEM EmergingMktsDebt mmmmm -10,88 4,36 11,65OEM EmergingMktsDebt mmmmm -11,74 3,32 10,55OEM EmergingMktsDom. Debt mmmmm -10,43 -0,06 9,14OEM EmergingMktsDom. Debt mmmmm -11,33 -1,07 8,06AZE EmergingMktsEquity mmmmm 1,37 0,83 14,98AZE EmergingMktsEquity mmmmm 0,34 -0,18 13,85AZE EmEurop,M-East&Africa Eq mmmmm 14,37 1,77 13,18AZE EmEurop,M-East&Africa Eq mmmmm 15,48 2,78 14,28OEU EuroBond mmmmm 2,53 2,96 4,70OEU EuroBond mmmmm 3,49 3,99 5,76OEU EuroCorporateBond mmmmm 5,01 4,72 7,56OEU EuroCorporateBond mmmmm 6,07 5,77 8,64OEU EuroStrategicBond mmmmm 2,81 3,42 6,07OEU EuroStrategicBond mmmmm 3,82 4,45 7,13OER Europ.Curr.HighYield Bd mmmmm 11,25 8,64 17,83OER Europ.Curr.HighYield Bd mmmmm 10,17 7,55 16,68AER EuropeanEquityAlpha mmmmm 18,23 8,20 10,70AER EuropeanEquityAlpha mmmmm 19,42 9,30 11,84ARE EuropeanProperty mmmmm 12,65 7,30 10,30AEU Eurozone EquityAlpha mmmmm 29,36 8,62 —OIN GlobalBond mmmmm -6,34 2,36 5,00OIN GlobalBond mmmmm -7,25 1,36 3,96AIN GlobalBrands mmmmm 8,12 12,27 14,53


1anno 3 anni 5anni


1anno 3 anni 5anni



AIN GlobalBrands mmmmm 9,22 13,40 15,69AIN GlobalBrands mmmmm 15,32 12,15 16,19AIN GlobalBrands mmmmm 8,35 12,49 —AIN GlobalBrands mmmmm 14,19 11,04 —OCO GlobalConvertib.Bd mmmmm 12,48 4,12 —OCO GlobalConvertib.Bd mmmmm 13,62 5,19 —OCO GlobalConvertible Bond mmmmm 7,25 5,90 8,64AZI Global Infrastructure mmmmm 11,42 14,37 —AZI Global Infrastructure mmmmm 12,55 15,52 —AZI Global Infrastructure mmmmm 17,77 13,19 —ARE GlobalProperty mmmmm 8,80 7,67 13,35AAP IndianEquity mmmmm -9,78 -10,85 9,98AZE LatinAmerican Equity mmmmm -6,77 -5,13 15,06OEU Short MaturityEuro Bond mmmmm 0,40 1,09 1,74OEU Short MaturityEuro Bond mmmmm 1,45 2,11 2,75AMA USAdvantage mmmmm 20,90 15,72 17,28AMA USAdvantage mmmmm 19,71 14,57 16,10AMA USAdvantage mmmmm 19,98 14,79 15,82AMA USAdvantage mmmmm 27,77 14,55 17,95AMA USAdvantage mmmmm 26,49 13,39 —AMA USGrowth mmmmm 30,90 15,39 21,21AMA USGrowth mmmmm 29,62 14,23 19,99AMA USGrowth mmmmm 38,28 14,12 22,16ARE USProperty mmmmm 2,84 8,75 15,32

nefAZE AzionarioEEMEA mmmmm 3,01 -1,81 11,50AEU AzionarioEuro mmmmm 29,67 10,03 13,04AIN AzionarioGlobale mmmmm 12,97 4,65 4,59AZE AzionarioPaesi Emergenti mmmmm -4,16 4,89 19,07AMA AzionarioStati Uniti mmmmm 15,11 9,85 10,58OEU CedolaR mmmmm -1,65 0,14 -1,05ARE Immobiliare mmmmm 11,04 6,62 11,56OEU Obbligaz.Breve Termine mmmmm 1,65 2,07 2,63OEU Obbligaz.Euro mmmmm 2,53 2,66 4,68OEU Obbligaz.EuroCorporate mmmmm 2,18 3,49 7,08OIN Obbligaz.Globale mmmmm -4,59 0,94 1,45OEM Obbligaz.Paesi Emergenti mmmmm -5,98 3,49 11,90

neutral sicavOIN InflationLinked Bds R mmmmm -4,15 1,75 3,06

new millenniumsicavOEU Augustum CorporateBond mmmmm 8,06 4,33 13,20OEU Augustum High Qual.Bond mmmmm 2,71 2,64 4,70OEU EuroBondsShort Term mmmmm 2,11 1,11 2,22FLE Q7Globalflex mmmmm 1,37 -0,78 —

pegaso capital sicavFLE PegasoStrat. TrendRet mmmmm -3,21 1,14 —

pharmawhealth manag. company s.a.AZH Pharma/wHealth($) mmmmm 20,79 13,69 13,68

pimco funds: global investor series plcAMP CommPLUSTMStrE($) mmmmm -17,39 -3,38 1,47OIN DiversInc EDis($) mmmmm -5,45 5,46 10,93OIN DiversInc EEur hdgAcc E mmmmm 0,08 5,03 12,43OIN DiversInc Ehdg mmmmm 0,13 5,04 —OIN DiversInc E($) mmmmm -5,44 5,47 10,97OEM EmLocal Bd EAcc unh mmmmm -8,94 1,31 —OEM EmLocal Bd EAcc($) mmmmm -8,96 1,30 —OEM EmMkts Bd EAcc($) mmmmm -8,78 5,07 13,28

OEM EmMkts Bd EEur hdgAcc mmmmm -3,58 4,47 14,43OEM EmMkts Bd E($) mmmmm -8,78 5,06 13,25OEM EmMkts CorpBd E mmmmm -1,06 3,80 —OEM Em.Mkts.Cur.E Acc mmmmm -5,87 0,17 —OEM Em.Mkts.Cur.E Accunh mmmmm -5,86 0,17 —AER EqS Pathfinder Eu E mmmmm 16,74 6,05 —AIN EqS Pathfinder FE mmmmm 9,91 6,17 —OEU EuriborPLUS EAcc mmmmm 0,53 0,77 1,66OEU EuroBond E mmmmm 3,18 4,76 6,50OEU EuroBond EAcc mmmmm 3,21 4,76 6,51OIN Glb Advantage Ehdg mmmmm -1,96 2,17 —OIN Glb Bd EAcc hdg mmmmm -0,51 4,45 8,48OIN Glb Bd EAcc($) mmmmm -6,18 4,69 6,80OIN Glb Bd Ex-US E($) mmmmm -4,99 5,07 6,79OIN Glb H.YBd E($) mmmmm 0,64 7,79 12,20OIN Glb H.Y. Bd EAcc($) mmmmm 0,63 7,77 12,19OIN Glb H.Y. Bd Ehdg Acc mmmmm 6,55 7,25 13,72OIN Glb InvGrCr.E Acc hdg mmmmm 0,07 4,30 9,59OIN Glb InvGrCr.E Acc($) mmmmm -5,55 4,61 —OIN Glb InvGrCr.E hdg mmmmm 0,02 4,27 —OIN Glb InvGrCr.E($) mmmmm -5,54 4,62 7,99FLE Glb Multi-AssetEAcc hdg mmmmm -5,49 -0,96 —FLE Glb Multi-AssetEAcc($) mmmmm -10,71 -0,12 —OIN Glb RealRetE Acchdg mmmmm -2,76 3,23 6,60OIN Glb RealRetE Acc($) mmmmm -8,18 3,53 5,04OIN Glb RealRetE Dis($) mmmmm -8,16 3,53 5,04OIN GlobalBond E($) mmmmm -6,17 4,71 6,83OAM H.Y. Bd EAcc hdg mmmmm 6,02 6,90 13,50OAM H.Y. Bd EAcc($) mmmmm 0,18 7,45 11,98OAM H.Y. Bd E($) mmmmm 0,11 7,43 11,90OAM LowAvg Durat.E Acc hdg mmmmm -0,76 0,74 —OAM LowAvg Durat.E Acc($) mmmmm -6,40 1,10 2,13OAM LowAvg Durat.E($) mmmmm -6,35 1,09 2,13OAM T.R. Bd EAcc hdg mmmmm -1,41 2,02 6,07OAM T.R. Bd EAcc($) mmmmm -6,97 2,34 4,54OAM T.R. Bd E($) mmmmm -6,98 2,35 4,53OIN UnconstrainedBd E mmmmm -2,02 0,96 —OIN UnconstrainedBd E($) mmmmm -7,50 1,27 —OIN UnconstrainedBd E($) mmmmm -7,59 1,24 —

pioneer assetmgmt s.a.Pioneer FundsOIN AbsolutRet.Bond E mmmmm 1,46 1,14 1,66FLE AbsolutRet.M.Str. E mmmmm 3,89 0,90 2,81FLE AbsolutReturn Curr. E mmmmm 0,55 -0,32 1,06AAP China Eq.E mmmmm 4,14 -1,08 —AAP China Eq.F mmmmm 3,37 -1,82 —AER Core Europ.Eq. E mmmmm 18,68 9,09 11,84AZE Em. Eur.Med. Eq. E mmmmm 4,69 -0,99 13,11AZE Em. Eur.Med. Eq. F mmmmm 3,91 -1,73 12,26OEM Em. Mark.Bond LCE mmmmm -7,05 1,32 —OEM Em. Mark.Bond LCF mmmmm -7,61 0,71 —OEM Em. MktsBond E mmmmm -2,00 7,64 14,60OEM Em. MktsBond F mmmmm -2,99 6,62 13,62AZE Em. MktsEq. E mmmmm -2,01 -5,04 11,02AZE Em. MktsEq. F mmmmm -2,74 -5,75 10,19OEU EuroAggr.Bond E mmmmm 4,61 4,84 6,44OEU EuroAggr.Bond F mmmmm 4,20 4,42 6,02OEU EuroBond E mmmmm 4,08 4,27 5,45OEU EuroBond F mmmmm 3,51 3,70 4,87OEU EuroCash Plus E mmmmm 1,32 2,25 3,54OEU EuroCorp. Short T.E mmmmm 2,38 2,75 3,69OEU EuroCorp. Short T.F mmmmm 2,02 2,39 3,32


1anno 3 anni 5anni


1anno 3 anni 5anni



OEU EuroCorporateBond E mmmmm 6,22 5,96 8,12OEU EuroCorporateBond F mmmmm 4,98 4,75 6,91OEU EuroH. Y.E mmmmm 10,50 8,32 20,44OEU EuroH. Y.F mmmmm 9,83 7,67 19,72LEE EuroShort T. E mmmmm 0,32 1,25 1,45LEE EuroShort T. F mmmmm -0,02 0,90 1,10OEU EuroStrategicBond E mmmmm 6,25 6,19 17,20OEU EuroStrategicBond F mmmmm 5,61 5,55 16,50AEU EurolandEquity E mmmmm 30,17 10,94 12,72AEU EurolandEquity F mmmmm 28,25 9,84 11,71AER EuropeanEq.Value E mmmmm 24,01 9,53 10,87AER EuropeanPotentialE mmmmm 30,96 16,42 17,35AER EuropeanPotentialF mmmmm 29,70 15,46 16,42AER EuropeanResearchE mmmmm 21,52 9,55 12,11AIN Glb Eq.Tar. IncomeE mmmmm 15,15 8,17 10,63OIN GlobalAggr.Bond E mmmmm -5,41 3,19 5,01AIN GlobalEcology E mmmmm 29,25 11,37 10,51OIN GlobalHigh Yield E mmmmm 0,47 7,36 11,84BIL GlobalMulti Asset E mmmmm 4,56 — —AIN GlobalSelectE mmmmm 19,11 8,68 11,09AAP IndianEquity E mmmmm -9,87 -12,81 5,76AAP IndianEquity F mmmmm -10,55 -13,43 4,96AEU Italian EquityE mmmmm 26,03 1,85 2,88AAP JapaneseEq. E mmmmm 18,54 4,50 3,81AZE LatinAm.Equity E mmmmm -11,20 -8,79 9,47AMA NorthAmerican Bas. Val. E mmmmm 13,42 10,26 9,24OEU Obbl. Euro09/2014 E mmmmm 2,65 0,89 —OEU Obbl. Euro10/2014 E mmmmm 0,41 0,28 —OEU Obbl. Euro11/2014 E mmmmm 0,77 0,85 —OEU Obbl. Euro12/2014 E mmmmm 0,88 0,90 —OIN StrategicIncomeE Hed. mmmmm 2,25 4,83 9,74OIN StrategicIncomeF Hed. mmmmm 1,48 3,69 8,71AER TopEurop. Play. E mmmmm 23,21 11,88 13,28AER TopEurop. Play. F mmmmm 22,28 11,04 12,44OAM U.S.Dollar Aggregate Bd E mmmmm -5,24 4,37 6,29LAM U.S.Dollar Short T. E mmmmm -4,34 2,47 1,43LAM U.S.Dollar Short T. F mmmmm -4,68 2,11 1,08AMA U.S.Fundam. Growth E mmmmm 16,53 16,46 16,61AMA U.S.Fundam. Growth F mmmmm 15,66 15,59 —AMA U.S.Pioneer FundE mmmmm 18,16 11,56 10,73AMA U.S.Pioneer FundE Hed. mmmmm 24,88 10,31 10,86AMA U.S.Pioneer FundF mmmmm 17,18 10,69 9,88AMA U.S.Res. Value E mmmmm 13,63 12,10 10,72AMA U.S.Research E mmmmm 15,54 13,93 13,39AMA U.S.Research EHed. mmmmm 22,11 12,62 13,42AMA U.S.Research F mmmmm 14,69 13,06 12,53OAM USCredit Rec.2014 EHed. mmmmm 0,95 1,26 —AMA UsMidCap ValueE mmmmm 21,09 11,60 12,43Pioneer PFBIL GlobalDefensive20 E mmmmm 5,08 4,15 5,43Pioneer SFOEU EuroCurve1-3y E mmmmm 1,37 1,84 2,30OEU EuroCurve1-3y F mmmmm 0,97 1,43 1,88OEU EuroCurve10+y E mmmmm 4,92 3,99 5,71OEU EuroCurve3-5y E mmmmm 2,45 3,17 4,08OEU EuroCurve3-5y F mmmmm 1,89 2,61 3,51OEU EuroCurve7-10y E mmmmm 4,95 4,26 5,34Pioneer SSFFLE Bric03/12/2015 E mmmmm 2,60 0,79 —FLE Eurostoxx11/2014 E mmmmm 5,54 1,80 —FLE Eurostoxx12/2014 E mmmmm 4,98 1,38 —OAM Obb.Amer. 08/2015 Ehdg mmmmm -0,37 1,38 —OEU Obb.Euro 09/2015E mmmmm 2,07 1,66 —

OAM Obb.Amer02/2015 Ehdg mmmmm -0,93 0,76 —OAM Obbl.Amer 03/2015E hdg mmmmm -0,45 1,51 —OEU Obbl.Euro 05/2015E mmmmm 1,19 1,06 —

planetarium fundAMA AmericanSelection($) mmmmm 16,47 9,17 —FLE AnthiliaGrey A mmmmm -1,93 -0,43 0,30FLE AnthiliaRed A mmmmm 13,60 2,48 2,69OAM DollarBonds A($) mmmmm -4,90 2,84 2,38OEU Eurocurrencies BondsA mmmmm 3,78 3,44 3,89FLE Flex80 mmmmm 17,38 6,93 5,51FLE Flex90 mmmmm 6,22 4,96 9,47AER FundamentalEurop. Sel. A mmmmm 19,24 7,25 —

popso (suisse) invest. fund sicavOEU EuroBond mmmmm 2,16 2,77 3,77OEU EuroCorporateBd mmmmm 2,51 3,02 —AER EuropeanEquity mmmmm 16,42 4,00 7,22FLE Flex mmmmm 3,42 1,08 2,19OCO GlobalConvertible Bd mmmmm 12,18 5,34 9,47OEU Short MaturityEuro Bond mmmmm 1,95 1,75 1,90OER SwissFranc Bond (Chf) mmmmm -0,18 4,70 6,81OAM UsaDollar Bond ($) mmmmm -6,77 0,65 0,43

rinascimentosicavAER Augustum GAMES mmmmm 24,06 6,93 16,72

robeco samAZH RobecoSAMHeal LivEUR/B mmmmm 26,18 11,43 17,22AMP RobecoSAM MaterialEUR/B mmmmm 16,97 8,77 15,25AUT RobecoSAMS.Water EUR/B mmmmm 24,90 8,93 12,94AEN RobecoSAMSmEnergy EUR/B mmmmm 4,21 -2,68 6,87

roveresicavAER Az. Europa RC mmmmm 23,34 10,30 —BIL Bilanciato Obblig.RC mmmmm 4,29 1,57 —OEU Obbl. B.TermineRC mmmmm 1,35 2,06 —OEU ObbligazionarioRC mmmmm 2,12 3,32 —

sarasin invest.fondssicavAZE SarEmer-Global P($) mmmmm -4,20 -0,89 13,35AIN SarEquiSar-Global-P mmmmm 16,10 8,51 9,93AIN SarEquiSar-IIID P EUR mmmmm 5,84 3,83 4,45BIL SarGl Sar-BalancedP (CHF) mmmmm 9,23 7,58 8,73BIL SarGl Sar-BalancedP (EUR) mmmmm 10,88 5,96 6,54BIL SarGl Sar-Growth P (EUR) mmmmm 14,87 — —AEN SarNewPower P mmmmm 8,64 -4,16 -2,33AIN SarOeko Eq-Gl I mmmmm 13,90 7,53 —AIN SarOeko Eq-Gl P mmmmm 13,17 6,83 8,55ARE SarRealEstate Gl P mmmmm 8,53 9,26 11,64OER SarSust Bd P (CHF) mmmmm -2,20 4,85 7,41OEU SarSust Bd P (EUR) mmmmm 0,61 2,35 4,30OIN SarSust Bd-EURCorp. P mmmmm 1,90 — —AER SarSust Eq-EuP mmmmm 22,18 8,94 11,89AZE SarSust Eq-Gl EmMkts P mmmmm 0,60 -1,11 —AIN SarSust Eq-Global P mmmmm 16,99 11,00 10,42ARE SarSust Eq-Real EGl P mmmmm 6,48 7,10 12,47BIL SarSustPor-Balanced P (EUR) mmmmm 9,55 — —AUT SarSust Water P mmmmm 23,44 9,94 15,83

sarasin multi label sicavsemburgoFLE RM Strategic(EUR) mmmmm 15,92 8,52 9,74


1anno 3 anni 5anni


1anno 3 anni 5anni



symphonia lux sicavFLE SymphoniaAltoValore mmmmm 15,58 2,82 —AIN SymphoniaBestvalue mmmmm 29,33 10,01 —

ubipramericaUBI SicavAAP AsiaPacific Eq.-R mmmmm 14,45 6,81 —AZE EmergingMktsEq.-R mmmmm 0,84 0,19 —OEU EuroCorp. Bond-R mmmmm 3,99 3,81 —OEU EuroFixedInc.-R mmmmm 0,63 1,74 3,35OIN High Yield Bond-R mmmmm 4,39 7,14 —OEU Short TermEUR R mmmmm 1,22 0,45 —

unipol fondiLEE Liquidità mmmmm -0,02 1,14 1,31AEU PerformanceEuro mmmmm 21,24 3,73 5,94

vontobel invest. fundsOIN AbsRet Bd mmmmm 0,68 0,17 1,93OIN Abs. Return Bd (Chf) mmmmm -1,11 2,87 5,51AMP BelvistaComm. mmmmm -12,72 -4,88 -0,81AAP China StarsEq ($) mmmmm 2,72 0,10 15,51OEM EasternEuropean Bd mmmmm -2,15 1,48 6,17AZE EmergingMktsEq mmmmm 0,87 4,18 18,69AZE EmergingMktsEq ($) mmmmm -4,52 5,34 17,96AZE EmergingMktsEq ($) mmmmm -5,08 4,71 17,25OEU EURCorp Bd Mid Yield mmmmm 6,24 6,08 7,29OEU EuroBd mmmmm 4,26 3,66 4,73

LEE EuroMoney mmmmm 0,28 1,11 1,84AER Europ.Value Eq mmmmm 12,00 13,54 12,46AER Europ.Mid&Sm.CapEq mmmmm 29,45 10,42 17,05AAP FarEastEq ($) mmmmm -2,99 3,71 14,95AEN FutureResources mmmmm 8,61 4,85 —OCO GlbConvertBd mmmmm 14,69 5,26 —AIN GlbValEqEx-US ($) mmmmm 5,36 8,85 11,47AIN GlbValueEq mmmmm 16,22 11,21 13,14AIN GlbValueEq($) mmmmm 10,14 12,54 12,91AEN NewPower mmmmm 24,73 4,32 5,88OER SwissFranc Bd (Chf) mmmmm -1,69 5,56 7,92AER SwissMid&SmCapEq (Chf) mmmmm 28,19 7,39 12,53LEE SwissMoney (Chf) mmmmm -1,05 3,83 5,07FLE TargetReturn mmmmm 1,98 -0,30 —LAM USDollar Money($) mmmmm -5,40 0,69 -0,50AMA USValueEq mmmmm 25,27 15,79 14,62AMA USValueEq ($) mmmmm 18,54 16,99 13,81

willerfundsmanag. comp.WillerbondOER Europ.Currencies mmmmm 0,99 1,79 2,77WillerequityAAP Japan(Jpy) mmmmm 27,01 8,79 5,40

zest asset mgmt sicavOEU ActiveBond mmmmm 1,90 2,17 —FLE GlobalStrategyR mmmmm -3,35 1,49 5,42FLE LowVolatility mmmmm 4,05 2,66 —


1anno 3 anni 5anni


1anno 3 anni 5anni


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

1 DNBAsset Management ASNO0008001187(NOR) 7,61 15,56 19,87

2 Standard Life Investments LimitedGB0002959582(GBR) 22,50 27,88 19,36

3 Aberdeen Asset ManagersLimitedGB0000100767(GBR) 21,23 37,38 19,22

4 SemperConstantia Invest GmbHAT0000831425(AUT) -1,85 13,90 18,98

5 LansforsakringarFondforvaltning ABSE0000837338(SWE) 10,61 26,32 18,63

6 DanskeInvest InvesteringsforeningenDK0010257831(DNK) 2,98 20,73 18,20

7 Allan GrayInternational (Proprietary) LimitedBMG0177P1041(BMU) 10,09 24,58 18,09


9 SydinvestInvesteringsforeningenDK0010169465(DNK) -1,84 18,08 17,99

10 First StateInvestments (Hong Kong) LtdIE0008368742(IRL) 5,09 22,15 17,90

11 Prosperity CapitalManagement LimitedKYG7273W1078(CYM) 3,03 21,76 17,82

12 Skagen ASNO0010140502(NOR) 3,50 19,46 17,58

13 First StateInvestments (Hong Kong) LtdIE0008369930(IRL) 1,91 18,73 17,42

14 Eika Kapitalforvaltning ASNO0010199086(NOR) 6,66 20,75 17,41

15 First StateInvestment Management(UK) LimitedGB0007836132(GBR) 17,99 34,69 17,09

16 BlackRock InvestmentManagement (UK) LimitedGB0006436108(GBR) 27,72 31,45 17,09

17 AIMSAsset ManagementSdb BhdVGG0411N1050(VGB) 18,75 19,35 17,08

18 Investeringsforeningen Sydinvest InternationalASDK0016259260(DNK) -1,42 18,32 16,99

19 PYN Rahastoyhtio OyFI0008803812(FIN) 23,17 37,70 16,96

20 Moneta Asset Management SASFR0000994980 (FRA) 14,52 20,19 16,96

21 Fondsfinans Kapitalforvaltning ASANO0010165764(NOR) 7,33 23,31 16,77

22 DanskeCapital AS(Norway)NO0010047228(NOR) 11,60 23,42 16,26

23 OpportunityAsset Management LtdKYG676194551(CYM) -11,96 13,71 16,11

24 F&CInvestmentBusiness LimitedGB0030738271(GBR) 23,28 10,75 16,09

25 BIManagement ASDK0010174622(DNK) -1,80 17,57 16,05

26 MonedaS.A.BMG6199T1071(BMU) -1,53 19,94 16,03

27 JPMorgan Asset Management(UK) LimitedGB0003419693(GBR) 14,32 19,26 15,94

28 HandelsbankenFonder ABSE0000356107(SWE) -2,22 17,41 15,92

29 DanskeCapital AS(Norway)NO0008000460(NOR) 11,34 24,01 15,81

30 CarlsonFonder ABSE0000432809(SWE) 14,80 24,12 15,79

31 LanneboFonder ABSE0000740698(SWE) 13,57 24,32 15,77

32 ODINForvaltning ASNO0010062953(NOR) 11,21 21,20 15,74

33 FrostrowCapital LLPGB0000385517(GBR) 41,81 30,18 15,74

34 ParetoForvaltning AS

NO0010110968(NOR) 7,46 20,90 15,7035 BIL Nordic Invest Investeringsforeningen

DK0015762249(DNK) 14,37 18,71 15,6836 Jupiter Asset ManagementLtd

GB0000197722(GBR) 21,84 27,31 15,6237 BlackRock Asset ManagementDeutschland AG

DE000A0H08E0(DEU) 12,96 21,27 15,5738 BlackRock InvestmentManagement (UK) Limited

GB0005058408(GBR) -8,74 13,74 15,5739 PTCiptadana Asset Management

BMG4762X1002(BMU) -3,95 18,40 15,5640 Swedbank Robur Fonder AB

SE0000602302(SWE) 15,33 25,00 15,5241 ODINForvaltning AS

NO0010062961(NOR) 4,53 11,25 15,5242 Schroder InvestmentManagement Ltd

GB0006108418(GBR) 31,89 29,30 15,4943 InvescoFund Managers Ltd

GB0033027706 (GBR) -2,50 16,95 15,4244 HgCapital Trust PLC

GB0003921052(GBR) 12,12 9,16 15,4245 StorebrandFondene AS

NO0010039688(NOR) 8,31 20,95 15,3946 SEBInvest Investeringsforeningen

DK0010260629(DNK) 12,50 17,57 15,3847 DNBAsset Management AS

NO0008000007(NOR) 10,03 21,44 15,3748 Alfred Berg Kapitalforvaltning AS

NO0010105489(NOR) 8,17 21,06 15,3649 EFG-HermesFinancial Management (Egypt) Limited

BMG2948Y1093(BMU) -8,23 -8,02 15,3550 NordeaRahastoyhtio Suomi Oy

FI0008800438(FIN) 12,84 19,42 15,3351 DNBAsset Management AS

NO0010337819(NOR) 1,49 15,92 15,3152 SemperConstantia Invest GmbH

AT0000989090 (AUT) -2,16 12,87 15,3053 HandelsbankenFonder AB

SE0000356065(SWE) 15,67 26,48 15,2954 DanskeInvest Investeringsforeningen

DK0015710602(DNK) 4,87 19,26 15,2755 StorebrandFondene AS

NO0010080815(NOR) 10,51 21,94 15,2356 DNBAsset Management AS(Sweden)

SE0000432775(SWE) 14,50 24,47 15,2357 Alfred Berg Kapitalforvaltning AS

NO0010089519(NOR) 9,57 21,88 15,2358 DNBAsset Management AS

NO0010337694(NOR) 9,79 21,08 15,1959 StorebrandFondene AS

NO0008000841(NOR) 17,45 31,82 15,1660 F&CManagementLimited

GB0000175058(GBR) 22,87 25,75 15,1561 Skandia FonderAB

SE0000810814(SWE) 14,43 24,39 15,1062 First StateInvestments (Hong Kong) Ltd

IE0008369823(IRL) 6,89 21,55 15,0663 Aberdeen Asset ManagersLimited

GB0000059971(GBR) 21,32 33,01 15,0564 StorebrandFondene AS

NO0010044621(NOR) 8,48 20,69 15,0365 DanskeInvest Select Investeringsforeningen A/S

DK0016057474(DNK) 5,27 19,69 14,9366 Carnegie Kapitalforvaltning AS

NO0010040231(NOR) 9,24 20,56 14,9367 DanskeCapital AS(Norway)

NO0008000577(NOR) 10,50 22,98 14,86

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



la top 100 dei fondi esteri

68 StorebrandFondene ASNO0008000940(NOR) 9,48 20,19 14,83

69 Flinvest SAFR0010007542(FRA) 11,68 13,85 14,83

70 Aberdeen Unit TrustManagers LimitedGB0033228197 (GBR) 4,12 18,23 14,77

71 Alfred Berg Kapitalforvaltning ASNO0010089402(NOR) 8,95 21,44 14,72

72 Franklin Templeton Fund Management LimitedGB00B3ZGH246(GBR) 21,63 25,13 14,71

73 Fondita Rahastoyhtio OyFI0008802871(FIN) 9,64 22,91 14,71


75 JPMorgan Asset Management(UK) LimitedGB0003418950(GBR) 1,56 16,05 14,65

76 SEB InvestmentManagement ABSE0000434201(SWE) 13,04 22,58 14,63

77 JyskeInvest InvesteringsforeningenDK0010251552(DNK) -3,52 13,03 14,61

78 Cazenove InvestmentFund Management LimitedGB0031092942(GBR) 28,90 28,53 14,58

79 JyskeInvest International InvesteringsforeningDK0016261241(DNK) -3,97 10,91 14,57

80 HandelsbankenFonder ABSE0000522724 (SWE) 10,49 21,34 14,54

81 Henderson GlobalInvestors LtdGB0009065060(GBR) 29,19 32,27 14,51

82 Didner & GergeFonder ABSE0000428336 (SWE) 15,18 28,83 14,50

83 InvestecFund Managers LtdGB0031075558(GBR) 21,37 26,00 14,50

84 DanskeInvest Investeringsforeningen

DK0010264456(DNK) 21,76 26,17 14,4985 First StateInvestments (Hong Kong) Ltd

IE0031814852 (IRL) 6,63 18,72 14,4786 Franklin Templeton Investment Management

GB0008829292 (GBR) -1,57 18,54 14,4687 LansforsakringarFondforvaltning AB

SE0000837239(SWE) 7,92 20,57 14,3788 Fondsfinans Kapitalforvaltning ASA

NO0010047186(NOR) 5,94 17,41 14,3489 GustaviaFonder AB

SE0001091018(SWE) 11,49 21,23 14,3490 Fondsforvaltning AS

NO0010606080 (NOR) 9,76 22,48 14,3291 DNBAsset Management AS

NO0010336944(NOR) 8,94 20,07 14,3192 Eika Kapitalforvaltning AS

NO0010195258(NOR) 10,02 17,42 14,2893 ODINForvaltning AS

NO0008000023(NOR) 15,28 24,10 14,2694 NordeaFondene Norge AS

NO0010325731(NOR) 12,99 21,16 14,2495 Old Mutual Fund ManagersLtd

GB00B1XG7C26(GBR) 20,03 22,03 14,2396 UBSFund Management (Switzerland) AG

CH0011764310(CHE) 11,70 17,96 14,2397 StateStreet Global Advisors France SA

FR0000027112(FRA) -4,95 13,53 14,2398 LindsellTrain Ltd

GB0031977944(GBR) 22,28 21,13 14,2099 ScottishWidows Unit Trust ManagersLimited

GB0031904146(GBR) -5,98 13,94 14,19100 Allianz GlobalInvestors Europe GmbH

DE0008481763(DEU) 16,49 22,70 14,14

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 22.10 15,74 40,21 31,14 52,11BB LineaSerena mmmmm nnnnn 22.10 9,42 27,95 21,26 37,45OBRLineaSicura mmmmm nnnnn 22.10 2,24 — 8,06 11,26BO LineaTranquilla mmmmm nnnnn 22.10 3,83 16,71 11,93 22,70L.A. PrevidenzaBB L.A. Previd. Bilanciata mmmmm nnnnn 16.10 6,76 10,97 7,62 22,71OBRL.A. Previd. Garantita mmmmm nnnnn 16.10 1,07 5,67 4,35 14,20BA L.A. Previd. Internaz. mmmmm nnnnn 16.10 10,58 9,16 8,64 27,41BOCL.A. Previd. Protetta mmmmm nnnnn 16.10 2,36 11,12 4,97 13,55PrevirasOBRLinea1 Obbligaz. mmmmm nnnnn 22.10 1,16 5,87 4,87 9,93BOCLinea2 Obb. Mista mmmmm nnnnn 22.10 3,05 12,94 9,90 22,55BB Linea3 Bilanciata mmmmm nnnnn 22.10 7,87 24,03 17,80 34,00AZ Linea4 Az. Int. mmmmm nnnnn 22.10 14,45 38,40 28,15 46,33

ALMEGLIO DIALLEANZA TOROAZ AlMeglioAzionario mmmmm nnnnn 21.10 13,47 33,50 20,78 40,23BBRAlMeglioBilanciato mmmmm nnnnn 21.10 5,15 18,90 7,88 22,50OBRAlMeglioObbligaz. mmmmm nnnnn 21.10 -0,01 4,30 -1,93 8,71

AMUNDI A. M.SecondaPensioneF.P.A.MO SPDifensiva mmmmm nnnnn 15.10 3,02 7,69 6,61 11,09AZ SPEspansione mmmmm nnnnn 15.10 10,40 16,46 12,74 30,39FLCSPGarantita mmmmm nnnnn 15.10 1,13 4,67 5,43 8,43BO SPProgressiva mmmmm nnnnn 15.10 7,04 14,01 12,34 26,98BO SPSicurezza mmmmm nnnnn 15.10 4,45 11,06 8,78 17,66BB SPSviluppo mmmmm nnnnn 15.10 8,85 15,24 13,08 31,12

ARCAArcaPrevidenzaAZ LineaAltaCrescita mmmmm nnnnn 30.09 14,55 — 31,73 32,17AZ LineaAltaCrescita C mmmmm nnnnn 30.09 14,76 — — —AZ LineaAltaCrescita R mmmmm nnnnn 30.09 15,52 — 34,09 —BB LineaCrescita mmmmm nnnnn 30.09 9,28 — 22,50 29,34BB LineaCrescita C mmmmm nnnnn 30.09 9,61 — — —BB LineaCrescita R mmmmm nnnnn 30.09 10,09 — 24,54 —MOCLineaGaranzia mmmmm nnnnn 30.09 1,13 5,92 5,03 7,52OBCLineaGaranzia C mmmmm nnnnn 30.09 1,30 5,92 — —MOCLineaGaranzia R mmmmm nnnnn 30.09 1,65 5,92 6,35 —FLCLineaObiettivo TFR mmmmm nnnnn 30.09 2,41 — 7,35 17,74OBCLineaObiettivo TFR C mmmmm nnnnn 30.09 2,71 — — —FLCLineaObiettivo TFR R mmmmm nnnnn 30.09 3,15 — 9,08 —BO LineaRendita mmmmm nnnnn 30.09 5,00 — 15,05 26,10OB LineaRendita C mmmmm nnnnn 30.09 5,31 — — —BO LineaRendita R mmmmm nnnnn 30.09 5,78 — 16,95 —

ASSIMOCO VITAF.P.A.Il MelogranoAZ LineaDinamica mmmmm nnnnn 09.10 7,46 15,79 9,56 23,69BB LineaEquilibrata mmmmm nnnnn 09.10 4,85 11,95 8,52 22,33BO LineaGarantita mmmmm nnnnn 09.10 2,93 6,96 5,83 9,76OB LineaPrudente mmmmm nnnnn 09.10 2,30 9,68 6,66 14,78

AVIVAAvivaBA L.Inv. Azionaria mmmmm nnnnn 15.10 12,75 — 22,54 44,09BB L.Inv. Bilanciata mmmmm nnnnn 15.10 7,46 — 14,09 30,00OB L.Inv. Gar.Rend.Mn.Pres mmmmm nnnnn 15.10 1,96 11,63 6,14 15,32BO L.Inv.Gar.Rest.Capitale mmmmm nnnnn 15.10 3,18 — 8,27 18,53BO L.Inv. Obbligazionaria mmmmm nnnnn 15.10 4,99 — 11,36 24,30

AvivaAss. V. UBI Prev.BA Com.Aggressivo Cl.C mmmmm nnnnn 11.10 12,36 16,80 22,00 27,61BA Com.Aggressivo Cl.I mmmmm nnnnn 11.10 11,90 19,74 20,46 42,18BOCCom.Capital.Sicuro mmmmm nnnnn 11.10 2,27 4,36 1,69 7,02BB Com.Dinamico Cl.C mmmmm nnnnn 11.10 6,61 14,16 15,70 21,55BB Com.Dinamico Cl.I mmmmm nnnnn 11.10 6,34 15,42 14,78 33,01OB CompartoGarantito mmmmm nnnnn 11.10 1,13 7,87 1,91 6,81BO Com.Moderato Cl.C mmmmm nnnnn 11.10 2,56 14,82 9,47 14,48BO Com.Moderato Cl.I mmmmm nnnnn 11.10 2,51 10,92 9,29 23,71BO Com.Prudente Cl.C mmmmm nnnnn 11.10 1,39 10,40 6,27 10,15BO Com.Prudente Cl.I mmmmm nnnnn 11.10 1,36 10,40 6,17 17,81

AXAASSICURAZIONIMO Com.Conservativo mmmmm nnnnn 21.10 -0,20 -78,39 0,12 0,53BA CompartoDinamico mmmmm nnnnn 21.10 11,27 26,03 10,23 46,38BO CompartoEquilibrato mmmmm nnnnn 21.10 8,70 21,31 9,90 40,34BORCompartoGarantito mmmmm nnnnn 21.10 1,62 6,94 3,71 10,24BO CompartoPrudente mmmmm nnnnn 21.10 4,77 15,90 9,58 28,37

AXAMPS ASSICURAZIONI VITAAxa MPSPrevidenza in AziendaBB LineaCombinata mmmmm nnnnn 15.10 10,06 19,57 20,79 35,97BO LineaEquilibrio mmmmm nnnnn 15.10 5,24 15,00 12,78 24,66BOCLineaSicura mmmmm nnnnn 15.10 1,17 7,09 3,47 6,39BA LineaSviluppo mmmmm nnnnn 15.10 14,87 21,30 27,04 43,48OB LineaTenuta mmmmm nnnnn 15.10 -0,05 11,72 3,06 12,34Axa MPSPrevidenza perTeBA LineaCrescita mmmmm nnnnn 15.10 14,50 21,30 25,47 41,16BOCLineaGarantita mmmmm nnnnn 15.10 0,79 7,09 2,29 4,60BB LineaMista mmmmm nnnnn 15.10 9,68 19,57 19,34 34,43OB LineaMoneta mmmmm nnnnn 15.10 -0,41 11,72 2,11 10,81BO LineaStabilità mmmmm nnnnn 15.10 4,85 15,00 11,86 23,83

AZIMUT PREVIDENZABA CompartoCrescita mmmmm nnnnn 30.09 10,23 — 8,43 14,28BB CompartoEquilibrato mmmmm nnnnn 30.09 6,75 — 6,66 11,27BORCompartoGarantito mmmmm nnnnn 30.09 2,72 — 6,98 9,08BO CompartoProtetto mmmmm nnnnn 30.09 1,73 — 1,25 1,91

BAP VITA E PREVIDENZABap Pensione2007BO LineaEquilibrio mmmmm nnnnn 30.09 5,82 8,23 4,10 8,00BO LineaEquilibrioA mmmmm nnnnn 30.09 6,13 8,23 5,73 11,57BA LineaInvestimento mmmmm nnnnn 30.09 11,68 6,35 4,69 3,75BA LineaInvestimento A mmmmm nnnnn 30.09 12,47 6,35 7,11 8,24OBRLineaTFR mmmmm nnnnn 30.09 0,79 6,42 2,34 4,70OBRLineaTFR A mmmmm nnnnn 30.09 1,32 6,42 3,95 7,60

BCC RISPARMIO & PREVIDENZAAZ Aureocomparto az. mmmmm nnnnn 30.09 13,93 31,83 22,14 24,76BB Aureocomparto bil. mmmmm nnnnn 30.09 7,68 20,98 14,19 20,37MO Aureocomparto gar. mmmmm nnnnn 30.09 0,22 3,25 2,27 5,26OB Aureocom. obbl. mmmmm nnnnn 30.09 0,10 7,75 3,27 13,25

BIM VITABB BimVita Bil.Globale mmmmm nnnnn 30.09 10,21 8,33 8,15 19,63OB BimVita Bond mmmmm nnnnn 30.09 2,37 11,88 7,32 23,13BO BimVita Equilibrio mmmmm nnnnn 30.09 3,12 10,89 6,36 16,87AZ BimVita Equity mmmmm nnnnn 30.09 16,94 6,46 7,93 15,54

CARIGEBB Dinamico mmmmm nnnnn 30.09 9,33 19,35 14,81 24,10BB DinamicoA mmmmm nnnnn 30.09 10,22 19,35 17,60 29,15

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



fondi pensione aperti

BO Equilibrato mmmmm nnnnn 30.09 4,73 13,60 11,55 26,74BO EquilibratoA mmmmm nnnnn 30.09 5,29 13,60 13,35 30,16BOCObiettivoTfr mmmmm nnnnn 30.09 2,12 11,43 5,49 14,73BOCObiettivoTfr A mmmmm nnnnn 30.09 2,48 11,43 6,60 16,76OB Prudente mmmmm nnnnn 30.09 1,75 6,94 6,82 18,98OB PrudenteA mmmmm nnnnn 30.09 2,11 6,94 7,96 21,11

CREDEMPREVIDENZAAZ Com.Azionario A mmmmm nnnnn 30.09 10,98 28,39 20,79 27,34AZ Com.Azionario B mmmmm nnnnn 30.09 11,48 28,39 22,44 30,45BB Com.Bilanciato A mmmmm nnnnn 30.09 7,23 18,84 14,17 24,25BB Com.Bilanciato B mmmmm nnnnn 30.09 7,53 18,84 15,10 26,10FL Com.Flessibile A mmmmm nnnnn 30.09 — — — —FL CompartoFlessibile B mmmmm nnnnn 30.09 — — — —BORCom.Obb. Gar. A mmmmm nnnnn 30.09 4,37 12,82 8,66 20,07BORCom.Obb. Gar. B mmmmm nnnnn 30.09 4,46 12,82 8,93 20,65

CRÉDITAGRICOLE VITAAZ Taro mmmmm nnnnn 30.09 9,21 31,51 23,24 29,78AZ TaroCl.A mmmmm nnnnn 30.09 9,70 31,51 24,86 32,45AZ TaroCl.B mmmmm nnnnn 30.09 10,10 31,51 26,17 —BORTicino mmmmm nnnnn 30.09 5,85 10,89 9,78 12,50BO TicinoCl.A mmmmm nnnnn 30.09 6,27 10,89 11,07 14,69BO TicinoCl.B mmmmm nnnnn 30.09 6,75 10,89 12,57 —BB Trebbia mmmmm nnnnn 30.09 6,33 27,02 19,76 30,54BB Trebbia Cl.A mmmmm nnnnn 30.09 6,80 27,02 21,34 33,34BB Trebbia Cl.B mmmmm nnnnn 30.09 7,01 27,02 22,05 —

CREDITRASVITAUnicreditAZ LineaDinamica mmmmm nnnnn 22.10 15,73 38,40 30,54 49,43BB LineaSerena mmmmm nnnnn 22.10 8,62 24,03 18,62 36,45OBRLineaSicura mmmmm nnnnn 22.10 1,12 5,87 4,10 9,99BOCLineaTranquilla mmmmm nnnnn 22.10 3,26 12,94 9,10 23,31

FONDIARIA- SAIF.P.A.Conto PrevidenzaAZ CompartoAzion. Cl.A mmmmm nnnnn 30.09 10,66 24,60 21,57 34,48AZ CompartoAzion. Cl.B mmmmm nnnnn 30.09 10,70 24,60 21,74 34,98AZ CompartoAzionario mmmmm nnnnn 30.09 9,75 24,60 18,64 29,00BB CompartoBil. Cl.A mmmmm nnnnn 30.09 6,54 19,16 14,33 29,33BB CompartoBil. Cl.B mmmmm nnnnn 30.09 6,58 19,16 14,49 29,52BB CompartoBilanciato mmmmm nnnnn 30.09 5,91 19,16 12,35 24,93BORCompartoGar. Cl.A mmmmm nnnnn 30.09 3,81 10,89 7,49 19,66BORCompartoGar. Cl.B mmmmm nnnnn 30.09 3,86 10,89 7,66 19,96BORCompartoGarantito mmmmm nnnnn 30.09 3,34 10,89 6,07 17,22OB CompartoObbigaz. mmmmm nnnnn 30.09 -0,23 7,53 4,01 20,31OB CompartoObbl. Cl.A mmmmm nnnnn 30.09 0,21 7,53 5,41 22,99OB CompartoObbl. Cl.B mmmmm nnnnn 30.09 0,26 7,53 5,56 23,33FLRCom.Premium TFR mmmmm nnnnn 30.09 2,37 — 6,39 18,85F.P.A.Fondiaria PrevidenteAZ CompartoAzionario mmmmm nnnnn 30.09 9,83 24,60 16,02 24,68BB CompartoBilanciato mmmmm nnnnn 30.09 6,05 19,16 12,92 26,63BORCompartoGarantito mmmmm nnnnn 30.09 3,37 10,89 6,46 17,99MO CompartoMonetario mmmmm nnnnn 30.09 1,36 3,41 2,11 6,43OB CompartoObbigaz. mmmmm nnnnn 30.09 0,18 7,53 4,48 20,69F.P.A.SaiOBRLineaPrevi-Bond mmmmm nnnnn 30.09 1,85 11,88 6,07 21,18BORLineaPrevi-Capital mmmmm nnnnn 30.09 2,54 6,99 5,23 14,28AZ LineaPrevi-Europa mmmmm nnnnn 30.09 12,27 4,72 15,16 22,05BORLineaPrevi-Gest mmmmm nnnnn 30.09 2,97 10,89 6,02 15,79AZ LineaPrevi-Global mmmmm nnnnn 30.09 8,74 31,51 23,34 41,62BB LineaPrevi-Mix mmmmm nnnnn 30.09 8,35 9,15 11,45 19,23

GENERALIITALIAPrevigenGlobalBB Balance mmmmm nnnnn 30.09 5,07 9,40 16,05 25,31BORBond mmmmm nnnnn 30.09 3,99 8,93 6,82 20,51AZ Capital mmmmm nnnnn 30.09 10,23 22,31 25,00 25,94PrevigenValoreBB Genbalance mmmmm nnnnn 30.09 4,55 9,40 15,29 22,98OBRGenbond mmmmm nnnnn 30.09 2,04 8,43 3,35 14,59BORGenbondPiù mmmmm nnnnn 30.09 3,33 8,93 4,80 16,57AZ Gencapital mmmmm nnnnn 30.09 9,55 22,31 23,37 19,73

HDIASSICURAZIONIF.P.A.Azionedi PrevidenzaAZ LineaDinamica mmmmm nnnnn 15.10 18,22 11,15 14,27 28,88BO LineaEquilibrata mmmmm nnnnn 15.10 9,10 8,44 13,12 26,93BOCLineaGarantita mmmmm nnnnn 15.10 3,99 3,07 11,33 25,81OB LineaPrudente mmmmm nnnnn 15.10 3,68 2,31 10,14 23,92

INAASSITALIA DIGENERALI ITALIAFondoPensione Aperto INABO Inv. Bilanciato mmmmm nnnnn 30.09 5,21 13,75 11,35 21,22BOCInv. CapitaleGarant. mmmmm nnnnn 30.09 2,70 5,92 6,28 12,95BA Inv. Crescita mmmmm nnnnn 30.09 10,88 20,83 21,81 23,47BO Inv. Protezione mmmmm nnnnn 30.09 3,15 7,53 7,17 11,53BORInv. Rendim.Garant. mmmmm nnnnn 30.09 3,24 9,58 6,10 17,99BO Inv. TFR Garant.2015 mmmmm nnnnn 30.09 5,76 4,21 — —BO Inv. TFR Garant.2023 mmmmm nnnnn 30.09 11,50 4,21 — —BO Inv. TFR Garant.2033 mmmmm nnnnn 30.09 12,04 4,21 — —

INTESASANPAOLO PREVIDENZAC.R.F.PrevidenzaOB Com.1 (obbligaz.) mmmmm nnnnn 30.09 0,33 6,23 3,26 9,05BO Com.2 (bil./obb.) mmmmm nnnnn 30.09 4,28 12,54 7,51 16,15BB Com.3 (bilanciato) mmmmm nnnnn 30.09 9,55 15,65 10,49 15,94BA Comparto4 (bil./az.) mmmmm nnnnn 30.09 12,50 17,72 10,88 12,57BOKComparto5 (garant.) mmmmm nnnnn 30.09 1,69 8,00 4,66 10,01F.P.A.GiustinianoBA GiustinianoAzionaria mmmmm nnnnn 30.09 10,57 31,33 25,18 38,91BO GiustinianoBil. mmmmm nnnnn 30.09 6,83 22,74 17,98 33,36OB GiustinianoMonet. mmmmm nnnnn 30.09 1,24 5,38 4,68 12,05OB GiustinianoObbligaz. mmmmm nnnnn 30.09 2,31 34,92 7,49 18,57BOCGiustinianoTFR + mmmmm nnnnn 30.09 3,17 5,39 6,06 15,77F.P.A.Il Mio DomaniBO LineaBreve Termine mmmmm nnnnn 30.09 4,93 4,21 17,18 22,38BO LineaBreve Ter. Cl. C mmmmm nnnnn 30.09 1,52 4,21 — —AZ LineaLungo Termine mmmmm nnnnn 30.09 11,97 — 35,18 34,24FL LineaLungo Ter. Cl.C mmmmm nnnnn 30.09 8,75 — — —BB LineaMedio Termine mmmmm nnnnn 30.09 8,16 6,98 13,20 16,32FL LineaMedio Ter. Cl.C mmmmm nnnnn 30.09 6,38 6,98 — —BORLineaTFR mmmmm nnnnn 30.09 3,79 5,39 7,20 17,10BO LineaTFR Cl.C mmmmm nnnnn 30.09 2,90 5,39 — —F.P.A.Intesa Mia PrevidenzaBO PianoPrev.Accumulo mmmmm nnnnn 30.09 5,23 16,40 10,98 22,42MOCPianoPrevid.Capitale mmmmm nnnnn 30.09 2,18 7,64 5,67 10,35BO PianoPrevid.Crescita mmmmm nnnnn 30.09 2,33 11,49 10,07 21,73BA PianoPrev.Dinamico mmmmm nnnnn 30.09 8,95 22,31 16,96 25,98OB PianoPrevid.Reddito mmmmm nnnnn 30.09 2,16 8,49 6,23 14,30F.P.A.PrevidSystemBO AccumulazioneBilan. mmmmm nnnnn 30.09 5,11 19,36 14,66 28,52BO CrescitaDinamica mmmmm nnnnn 30.09 1,43 10,05 7,83 19,42BO CrescitaPrudente mmmmm nnnnn 30.09 0,07 6,89 5,88 15,47BA RivalutazioneAz.a mmmmm nnnnn 30.09 9,96 29,26 22,47 34,61





BORTFR + mmmmm nnnnn 30.09 2,87 5,39 5,74 14,92

INTESASANPAOLO VITAF.P.A.Sanpaolo PrevidenzaBA LineaBil.Azionaria mmmmm nnnnn 30.09 13,03 31,14 20,16 20,54BB LineaBilanciata mmmmm nnnnn 30.09 10,04 25,03 16,73 21,27MO LineaMonetaria mmmmm nnnnn 30.09 0,80 3,41 2,83 4,90OB LineaObblig. mmmmm nnnnn 30.09 2,73 9,77 6,77 18,73BO LineaProtetta mmmmm nnnnn 30.09 3,58 9,05 4,79 5,42F.P.A.Sanpaolo Previdenza AziendeBA LineaBil.Azionaria mmmmm nnnnn 30.09 13,55 31,14 22,07 23,52BO LineaBil.Obbligaz. mmmmm nnnnn 30.09 7,51 18,93 14,24 23,00BB LineaBilanciata mmmmm nnnnn 30.09 10,52 25,03 18,35 23,76BORLineaGarantita mmmmm nnnnn 30.09 1,62 9,01 4,25 9,30OB LineaObblig. mmmmm nnnnn 30.09 3,08 9,77 7,77 20,57

ITAS VITAF.P.A.PensPlan PlurifondsAZ ActivITAS mmmmm nnnnn 30.09 9,75 24,42 14,44 20,68BO AequITAS mmmmm nnnnn 30.09 5,96 19,63 12,79 28,68BOCSecurITAS mmmmm nnnnn 30.09 2,28 3,87 5,86 14,55BO SerenITAS mmmmm nnnnn 30.09 3,63 11,16 9,64 22,92BB SolidITAS mmmmm nnnnn 30.09 7,50 20,00 13,27 22,31AZ SummITAS mmmmm nnnnn 30.09 11,25 29,76 15,70 20,59

MILANO ASS.OBRMilanoBond mmmmm nnnnn 30.09 1,86 11,88 6,01 20,95OBRMilanoBond Cl.A mmmmm nnnnn 30.09 2,27 11,88 7,28 23,37OBRMilanoBond Cl.B mmmmm nnnnn 30.09 2,31 11,88 7,42 23,64AZ MilanoEuropa mmmmm nnnnn 30.09 12,21 4,72 20,34 34,05AZ MilanoEuropa Cl.A mmmmm nnnnn 30.09 12,92 4,72 22,62 38,38AZ MilanoEuropa Cl.B mmmmm nnnnn 30.09 12,98 4,72 22,80 38,72BORMilanoGest mmmmm nnnnn 30.09 3,22 10,89 7,36 22,72BORMilanoGest. Cl.A mmmmm nnnnn 30.09 3,69 10,89 8,83 25,51BORMilanoGest. Cl.B mmmmm nnnnn 30.09 3,73 10,89 8,95 25,75AZ MilanoGlobal mmmmm nnnnn 30.09 8,30 31,51 24,95 43,41AZ MilanoGlobal Cl.A mmmmm nnnnn 30.09 8,98 31,51 27,32 47,97AZ MilanoGlobal Cl.B mmmmm nnnnn 30.09 9,02 31,51 27,48 48,51BB MilanoMix mmmmm nnnnn 30.09 6,91 9,15 14,15 25,07BB MilanoMix Cl.A mmmmm nnnnn 30.09 7,42 9,15 15,75 28,00BB MilanoMix Cl.B mmmmm nnnnn 30.09 7,47 9,15 15,93 28,35FL MilanoPremium TFR mmmmm nnnnn 30.09 2,46 — 7,00 21,27

NATIONALE SUISSEVITABO Previsuisse-C.Cresc. mmmmm nnnnn 30.09 4,36 19,63 12,43 22,61BB Previsuisse-C.Dina mmmmm nnnnn 30.09 7,20 28,79 18,57 26,14OBCPrevisuisse-C.Gar.. mmmmm nnnnn 30.09 1,56 10,47 6,06 17,83

PENSPLANINVESTPensPlanProfi F.P.A.BB CompartoLinea A mmmmm nnnnn 15.10 6,34 22,36 9,99 22,10BO CompartoLinea B mmmmm nnnnn 15.10 3,75 12,03 9,92 22,06OB CompartoLinea C mmmmm nnnnn 15.10 1,40 7,45 4,13 10,17RaiffeisenF.P.A.BO LineaActivity mmmmm nnnnn 15.10 5,85 11,01 13,24 29,88BA LineaDynamic mmmmm nnnnn 15.10 11,05 10,68 16,16 34,68OB LineaSafe mmmmm nnnnn 15.10 2,70 11,22 8,61 19,30

PIONEER INVESTMENT MGMTUniCreditPrevidenzaAZ LineaAzionaria mmmmm nnnnn 30.09 13,13 28,41 25,94 31,18BB LineaBilanciata mmmmm nnnnn 30.09 9,24 21,94 20,60 29,33BA Linea DataTarget2035+ mmmmm nnnnn 30.09 9,23 25,74 19,48 32,79

BO LineaDT2015 mmmmm nnnnn 30.09 2,49 16,58 7,38 16,64BO LineaDT2020 mmmmm nnnnn 30.09 5,60 17,43 13,61 26,55BB LineaDT2025 mmmmm nnnnn 30.09 6,54 22,69 16,22 29,33BB LineaDT2030 mmmmm nnnnn 30.09 7,87 25,74 17,93 30,72MO LineaGarantita mmmmm nnnnn 30.09 2,44 5,92 7,35 9,79BO LineaObb. Breve Per. mmmmm nnnnn 30.09 1,76 13,53 6,65 10,57OB LineaObblig. Reale mmmmm nnnnn 30.09 1,00 9,34 4,98 16,04BO LineaPrudente mmmmm nnnnn 30.09 6,35 14,51 13,63 26,29

POPOLARE VITAOBRPopolareBond mmmmm nnnnn 30.09 1,84 11,88 6,03 21,39OBRPopolareBond Cl.A mmmmm nnnnn 31.07 — — — —OBRPopolareBond Cl.B mmmmm nnnnn — — — — —BORPopolareGest mmmmm nnnnn 30.09 3,25 10,89 7,13 18,54BORPopolareGest Cl.A mmmmm nnnnn 30.09 3,62 10,89 8,28 20,61BORPopolareGest Cl.B mmmmm nnnnn 30.09 3,71 10,89 8,43 —BB PopolareMix mmmmm nnnnn 30.09 7,07 9,15 13,53 23,10BB PopolareMix Cl.A mmmmm nnnnn 30.09 7,50 9,15 14,89 25,55BB PopolareMix Cl.B mmmmm nnnnn 31.10 — — — —

REALE MUTUA ASSICURAZIONIBB Teseo-L.Bilanc.Etica mmmmm nnnnn 30.09 8,39 4,77 10,99 17,77MORTeseo-L.Garan. Etica mmmmm nnnnn 30.09 1,91 5,92 4,95 9,04OB Teseo-L.Prud. Etica mmmmm nnnnn 30.09 3,03 11,92 7,28 20,41AZ Teseo-L.Svil.Etica mmmmm nnnnn 30.09 16,05 11,32 14,46 9,32

TORO PREVID. DI ALLEANZA TOROAZ LineaAzionaria mmmmm nnnnn 30.09 11,48 26,83 18,43 24,75AZ LineaAzionaria A mmmmm nnnnn 30.09 12,24 26,83 20,67 28,78AZ LineaAzionaria B mmmmm nnnnn 30.09 12,31 26,83 20,95 29,26AZ LineaAzionaria C mmmmm nnnnn 30.09 12,45 26,83 21,31 29,91BBRLineaBil. Garanzia mmmmm nnnnn 30.09 0,89 15,05 7,53 17,14BBRLineaBil. Garanzia A mmmmm nnnnn 30.09 0,90 15,05 7,55 17,22BBRLineaBil. Garanzia B mmmmm nnnnn 30.09 — 15,05 — —BBRLineaBil. Garanzia C mmmmm nnnnn 30.09 0,89 15,05 7,54 17,21OBRLineaObbl. Garanzia mmmmm nnnnn 30.09 -3,08 7,27 -1,87 9,16OBRLineaObbl. Garan.A mmmmm nnnnn 30.09 -2,64 7,27 -0,56 11,60OBRLineaObbl. Garan.B mmmmm nnnnn 30.09 -2,56 7,27 -0,28 12,12OBRLineaObbl. Garan.C mmmmm nnnnn 30.09 -2,47 7,27 -0,01 12,62

UNIPOL ASSICURAZIONIUnipolInsiemeBOCLineaCrescita mmmmm nnnnn 16.10 4,56 19,46 13,92 32,01BORLineaProtez. Etica mmmmm nnnnn 16.10 2,74 9,78 7,01 17,64BB LineaSviluppo mmmmm nnnnn 16.10 10,58 21,70 18,30 39,94AZ LineaValore mmmmm nnnnn 16.10 15,43 27,36 23,11 48,66UnipolPrevidenzaOBRLineaA:Obbl.garanz. mmmmm nnnnn 15.10 2,67 11,78 8,94 22,54BORLineaB:Ob.mista gar mmmmm nnnnn 15.10 4,54 12,22 8,95 24,90BO LineaC:Obblig. mista mmmmm nnnnn 15.10 6,05 16,40 12,24 31,54BB LineaD:Bilanciata mmmmm nnnnn 15.10 9,74 20,38 15,50 40,58

VITTORIAFORMULA LAVOROAZ PrevidenzaCapital. mmmmm nnnnn 30.09 13,16 25,80 15,06 19,66BB PrevidenzaEquilibr. mmmmm nnnnn 30.09 10,24 18,14 12,83 24,02BORPrevidenzaGarantita mmmmm nnnnn 30.09 6,62 12,39 8,89 20,37

ZEDOMNIFUNDAZ Azionaria mmmmm nnnnn 30.09 12,28 23,91 14,55 16,41BO Bilanciata30 mmmmm nnnnn 30.09 3,10 13,91 9,14 19,38BA Bilanciata65 mmmmm nnnnn 30.09 10,29 20,69 14,10 20,90OBRGarantita mmmmm nnnnn 30.09 3,26 8,92 2,78 7,10OB Obbligazionaria mmmmm nnnnn 30.09 -1,02 8,35 3,78 16,73





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

ZURICH CONTRIBUTIONOB LineaConservativa mmmmm nnnnn 30.09 -1,34 8,35 2,96 17,47

BA LineaDinamica mmmmm nnnnn 30.09 11,11 20,69 17,24 24,50OBRLineaGarantita mmmmm nnnnn 30.09 3,83 8,92 5,42 10,79




fondi chiusi immobiliari a cura di

LEGENDA(1)Ultimo Navannualedisponibile (30/06/2013), rettificatopereventuali dividendierimborsidistribuiti. (2) rapportotraprezzodi mercatoeNav.(3)Canoni/Valore immobili: ècalcolatorapportandol'ultimo datodiffusosuicanoni annuie ilvaloredegli immobili implicitoneiprezzi diborsa. (4)Div.12m/prezzo:calcolatorapportandoildivideno cumulato negliultimi 12 mesi rispettoall'ultimoprezzodisponibile.Eventualidistribuzioni dicapitale nonsonostatecomputate,se debitamentecomunicate edettagliate.Diversi fondihannodistribuito plusvalenzemonetizzatederivantidalla cessionedi immobiliealcunihanno postoinpagamento proventi riconducibiliadeserciziprecedenti.(5)Controvalore settimanale:sommadel controvalorescambiatonelleultimecinquesedutedi borsa.(6)Rendimento annuodacollocamento (prezzo): tasso annualizzato, tieneconto deidividendi corrisposticonriferimentoalla datadi calcolodella tabellaconsiderandocome valorediuscita l'ultimoprezzodimercato.(7)Rendimento annuodacollocamento (Nav): tassoannualizzato, tiene contodei dividendicorrisposticon riferimentoalladata dicalcolo dellatabellaconsiderandocome valorediuscita l’ultimoNavrettificato.(8)Rendimento annuo:ècalcolato ipotizzandol’ultimoprezzodi borsacomevaloredi entratae l’ultimoNAVrettificatocome quello diuscitaalla datadiscadenzamassima,non considerandonelcomputoalcunprovento distribuito (dividendierimborsi).I 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 (12/2016) 273,30 510,676 -46,5 +10,0 +7,9 1358547 -0,24 +6,28 +5,32 +75,20 12-2016 +21,3Atlantic2 (12/2015) 184,90 349,891 -47,2 +7,9 +7,6 44822 +8,12 +11,67 +1,04 +32,12 12-2018 +12,9EstenseG.D. (12/2016) 2040,00 2527,897 -19,3 +9,1 +6,5 44373 +2,77 +4,36 -0,29 +42,45 12-2016 +6,9Europa Imm. 1(12/2014) 480,00 1550,178 -69,0 +16,9 — 100593 -13,58 -2,90 +2,67 +2,56 12-2017 +31,8FondoAlpha(06/2015) 979,00 3708,185 -73,6 +22,9 — 118416 +1,32 +8,53 +3,05 -7,47 12-2019 +23,6FondoBeta(02/2015) 346,90 536,195 -35,3 +12,5 — 32082 +8,01 +9,68 +5,03 +18,82 12-2015 +21,7FondoDelta(12/2014) 34,40 98,011 -64,9 +14,6 — 800331 -14,49 -0,29 +6,17 +13,16 12-2017 +28,0Imm. dinamico (12/2020) 78,25 229,033 -65,8 +12,7 — 465471 -10,56 +0,20 +8,76 +36,99 12-2023 +11,0Immobilium 2001(12/2017) 1575,00 4213,550 -62,6 +4,8 — 54942 -3,33 +2,56 +2,87 +2,94 12-2020 +14,4InvestRealSec. (12/2016) 975,00 2210,838 -55,9 +4,6 — 34306 -6,67 +0,52 -1,96 -0,71 12-2016 +28,8Investietico(12/2015) 1569,00 2595,043 -39,5 +11,2 +9,6 184360 +1,37 +4,43 +1,69 +28,36 12-2018 +10,0Med.RE -A(12/2021) 3,66 5,739 -36,2 +10,2 — 6931 -3,97 +1,81 -3,68 +16,19 12-2027 +3,2Med.RE -B(12/2021) 3,28 4,368 -25,0 +10,2 +5,7 86065 -1,20 +1,98 +2,89 -6,56 12-2027 +2,0Obelisco(12/2015) 659,50 1875,010 -64,8 +10,7 — 54773 -13,74 -1,95 +3,05 +4,52 12-2018 +22,0Olinda(12/2014) 110,70 437,236 -74,7 +12,0 — 448761 -3,57 +6,13 +1,84 +1,65 12-2014 +213,3Polis (12/2015) 761,00 1917,847 -60,3 +11,0 — 208825 -2,62 +2,67 -0,78 +25,79 12-2018 +19,2PortfolioImm. (12/2016) 900,50 1422,540 -36,7 +12,1 — 134596 -1,14 +0,85 +0,33 +23,74 12-2016 +15,2RE Europa (12/2016) 919,00 2124,432 -56,7 +13,0 +9,5 133509 -3,95 +1,34 +0,55 +55,47 12-2019 +14,3RE Italia (12/2016) 1033,00 2265,096 -54,4 +11,4 +12,6 451974 +0,18 +4,11 +2,79 +28,75 12-2019 +13,3Risp. Imm.1 Energia (12/2018) 7000,00 6860,960 +2,0 +4,6 — — -2,38 -2,62 — +2,19 12-2021 -0,2Securfondo (12/2014) 1287,00 2195,899 -41,4 +4,9 +3,4 23675 +2,91 +5,03 +3,96 +25,04 12-2017 +13,4Tecla(12/2014) 166,60 336,996 -50,6 +10,2 — 74408 +9,42 +12,88 +6,11 +4,78 12-2014 +79,6UnicreditoImm.1 (12/2014) 1602,00 2973,746 -46,1 +8,6 — 830768 +0,18 +3,76 +1,07 +19,68 12-2020 +8,9ValoreImm. glob. (12/2014) 1575,00 3581,862 -56,0 +16,8 — 148078 -0,65 +2,39 +5,14 -7,35 12-2022 +9,2(Noriskprestaoccasionalmenteeautonomamenteattivitàdi consulenzaafavoredegliemittentidegli strumenti finanziarioggettodi analisi)


EXCHANGE TRADED FUND a cura di

MONETARIOdebitogovernativoiShares EuroGovernment Bond 0-1Yr Ucits Etf (IE00B3FH7618)[FisicaaCampione] mmmmm 0,20 0,06 57.096 0,43Lyxor Ucits EtfBot Mts Ex-BankItaly (FR0011360676)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,15 0,03 50.163 -valutaEtfs3X Short Jpy Long Eur (JE00B44CBN95)[SinteticaUnfunded:basketsostitutivo (105%) Swap(100%)] mmmmm 1,83 0,27 151.675 91,49Etfs3X Short Aud Long Eur (JE00B3RXT940)[SinteticaUnfunded:basketsostitutivo (105%) Swap(100%)] mmmmm 1,83 0,28 57.205 21,67Etfs3X Long Jpy Short Eur (JE00B3WDZY68)[SinteticaUnfunded:basketsostitutivo (105%) Swap(100%)] mmmmm 1,83 0,30 49.538 -57,50Etfs3X Long Gbp Short Eur (JE00B3R2DZ58)[SinteticaUnfunded:basketsostitutivo (105%) Swap(100%)] mmmmm 1,83 0,27 31.019 -14,43Etfs3X Long Cad ShortEur (JE00B3SDPZ16)[SinteticaUnfunded:basketsostitutivo (105%) Swap(100%)] mmmmm 1,83 0,27 26.843 -27,69AZIONARIOemergentedbX-Trackers Cnx Nifty Ucits Etf(LU0292109690)[SinteticaFunded:con Swap(100%)(collaterale119,47%)] mmmmm 0,85 0,80 160.640 -9,99Amundi EtfMsciEm Asia Ucits Etf - Eur(FR0011020965)[SinteticaUnfunded:basketsostitutivo (99,82%)Swap (0,18%)] mmmmm 0,45 0,46 154.762 2,50Lyxor EtfMsciAc Asia PacificEx Japan (FR0010312124)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,33 149.869 5,30Spdr S&PEmerging MarketsDividend Ucits Etf (IE00B6YX5B26)[FisicaCompleta] mmmmm 0,65 0,66 148.054 -3,84Lyxor EtfTaiwan(FR0010444786)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,76 143.682 9,50UbsIrl EtfPlc - Msci Brazil(IE00B6SBCY47)[FisicaCompleta] mmmmm 0,60 0,54 143.032 -dbX-Trackers Msci EmLatam Index Ucits Etf(LU0292108619)[SinteticaFunded:con Swap(100%)(collaterale119,98%)] mmmmm 0,65 0,73 131.574 -8,81Lyxor EtfPan Africa (FR0010636464)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,85 1,48 119.010 -23,13dbX-Trackers Msci MexicoTrn IndexUcits Etf(LU0476289466)[SinteticaFunded:con Swap(100%)(collaterale119,93%)] mmmmm 0,65 1,04 115.169 -7,40Lyxor EtfMsci Indonesia (FR0011067511)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,55 1,70 99.432 -17,97Lyxor EtfHsi Euro (FR0010361675)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,75 94.507 3,58dbX-Trackers Msci MalaysiaTrn IndexUcits Etf- 1C(LU0514694370)[SinteticaFunded:con Swap(100%)(collaterale119,36%)] mmmmm 0,50 0,74 94.491 4,13dbX-Trackers Ftse VietnamUcits Etf (LU0322252924)[SinteticaFunded:con Swap(100%)(collaterale119,46%)] mmmmm 0,85 0,80 83.984 13,58iShares MsciPacific Ex-Japan Ucits Etf (IE00B4WXJD03)[FisicaCompleta] mmmmm 0,60 1,10 81.819 9,03dbX-Trackers Msci Thailand TrnIndex Ucits Etf- 1C (LU0514694701)[SinteticaFunded:con Swap(100%)(collaterale119,36%)] mmmmm 0,50 1,08 80.775 3,73iShares EmergingMarket Infrastructure Ucits Etf(IE00B2NPL135)[FisicaCompleta] mmmmm 0,74 0,87 77.363 5,41dbX-Trackers Msci ChileTrn IndexUcits Etf(LU0592217797)[SinteticaFunded:con Swap(100%)(collaterale120,31%)] mmmmm 0,65 1,17 67.864 -17,73Spdr MsciEm Asia Ucits Etf(IE00B466KX20)[FisicaaCampione] mmmmm 0,65 0,90 62.254 1,77Amundi EtfMsciPacific Ex JapanUcits Etf(FR0010713669)[SinteticaUnfunded:basketsostitutivo (100,71%)Swap (-0,71%)] mmmmm 0,45 0,29 60.273 9,32dbX-Trackers S&P/Asx 200 Ucits Etf (LU0328474803)[SinteticaFunded:con Swap(100%)(collaterale110,86%)] mmmmm 0,50 0,56 56.986 9,67Amundi EtfMsciEastern Europe ExRussia Ucits Etf- Eur (FR0010717074)[SinteticaUnfunded:basketsostitutivo (100,12%) Swap(-0,12%)] mmmmm 0,45 0,42 53.966 7,35iShares MsciEm LatinAmerica (IE00B27YCK28)[FisicaaCampione:prestito titoli(0,22%) ecollaterale (102,5%-112%)] mmmmm 0,74 0,63 48.820 -8,95UbsIrl EtfPlc - Msci Brazil(IE00B7VZ2C84)[FisicaCompleta] mmmmm 0,43 0,83 46.941 -Ubs-EtfMsci Pacific Ex.Japan (LU0446734526)[FisicaCompleta:prestito titoli(11,67%) e collaterale(105,91%)] mmmmm 0,45 0,41 46.414 9,07Lyxor EtfAustralia S&PAsx 200-A (LU0496786905)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,32 45.569 9,53iShares MsciEmerging MarketsUcits Etf (Acc)(IE00B4L5YC18)[FisicaaCampione:prestito titoli(0,82%) ecollaterale (102,5%-112%)] mmmmm 0,75 0,88 41.820 -0,52dbX-Trackers S&P Select Frontier Ucits Etf(LU0328476410)[SinteticaFunded:con Swap(100%)(collaterale115,54%)] mmmmm 0,95 1,09 39.701 13,71Lyxor EtfMsciEm Latin AmericaEur (FR0010410266)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,68 35.021 -8,82Lyxor EtfMsciAc Asia ExJapan - D Eur (FR0010652867)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,50 1,20 34.245 3,71Rbs MarketAccess Dow JonesTurkey Titans 20 IndexsmEtf (LU0269999362)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale101,52%)] mmmmm 0,60 1,35 32.859 -5,07UbsEtfsPlc - MsciAc Asia Ex Japan TrnIndex Sf(IE00B7WK2W23)[SinteticaUnfunded:basketsostitutivo (80%)Swap (20%)(collaterale105%)] mmmmm 0,62 1,04 29.119 -Lyxor EtfFtse Epra/Nareit Asia Ex-Japan - D Eur (FR0010833541)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 2,42 28.784 0,99Spdr MsciEmerging MarketsUcits Etf (IE00B469F816)[FisicaaCampione] mmmmm 0,65 0,78 26.187 0,06

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

stelle anno % 30ggÀ %


EXCHANGE TRADED FUND

europadbX-Trackers Stoxx Europe 600 Banks ShortDaily Ucits Etf(LU0322249037)[SinteticaFunded:con Swap(100%)(collaterale120,24%)] mmmmm 0,50 0,44 155.481 -27,01Amundi EtfMsci Italy Ucits Etf(FR0010655720)[SinteticaUnfunded:basketsostitutivo (100,35%) Swap(-0,35%)] mmmmm 0,25 0,36 152.655 19,53Amundi EtfMsciGermany Ucits Etf(FR0010655712)[SinteticaUnfunded:basketsostitutivo (99,82%)Swap (0,18%)] mmmmm 0,25 0,07 147.714 25,03Lyxor EtfStoxx Europe 600Technology (FR0010344796)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 1,50 144.696 38,25Etfx Dax2X Short Fund(IE00B4QNHZ41)[SinteticaUnfunded:basketsostitutivo (107%) Swap(100%)] mmmmm 0,60 0,32 142.070 -41,45dbX-Trackers Shortdax X2Daily Ucits Etf(LU0411075020)[SinteticaFunded:con Swap(100%)(collaterale119,6%)] mmmmm 0,60 0,30 141.015 -40,17Spdr MsciEurope Health Care Etf(FR0000001737)[FisicaCompleta:prestito titoli(8,12050381098045%) ecollaterale (105,0554831782%)] mmmmm 0,30 0,85 130.852 20,55iShares StoxxEurope Select Dividend 30 (DE0002635299)[FisicaCompleta] mmmmm 0,31 0,48 125.264 12,63iShares EuroStoxx 50 Ucits EtfAcc (IE00B4L5YV07)[FisicaCompleta:prestito titoli(3,42%) ecollaterale (102,5%-112%)] mmmmm 0,35 0,15 123.460 25,27Lyxor EtfStoxx Europe 600Healthcare (FR0010344879)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 1,18 121.039 18,70Lyxor EtfStoxx Europe 600& Gas (FR0010344960)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 1,38 111.811 1,55Amundi EtfMsciSpain Ucits Etf(FR0010655746)[SinteticaUnfunded:basketsostitutivo (100,32%)Swap (-0,32%)] mmmmm 0,25 0,35 110.357 30,91Ubs-EtfEuro Stoxx 50 (LU0136234068)[FisicaCompleta:prestito titoli(13,44%) ecollaterale (105,15%)] mmmmm 0,36 0,15 109.759 25,88Lyxor EtfFtse 100/France (FR0010438127)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,22 108.882 13,82Amundi EtfMsciEurope Ucits Etf(FR0010655696)[SinteticaUnfunded:basketsostitutivo (100,61%) Swap(-0,61%)] mmmmm 0,28 0,28 106.023 21,33Lyxor EtfStoxx Europe 600Chemicals (FR0010345470)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,20 103.816 20,60Spdr Etfs- Spdr Msci Europe Consumer DiscretionaryEtf (FR0000001752)[FisicaCompleta:prestito titoli(16,9410353486373%) ecollaterale (105,0532285157%)] mmmmm 0,30 0,56 96.334 37,87Amundi EtfLeveragedEuro Stoxx 50 Daily Ucits Etf(FR0010756072)[SinteticaUnfunded:basketsostitutivo (99,76%) Swap(0,24%)] mmmmm 0,30 0,11 93.616 51,61iamEtf Europe MinimumVariance Nr(LU0599612842)[SinteticaUnfunded:basketsostitutivo (101%)Swap (-1,06%)] mmmmm 0,65 0,20 91.931 15,06Amundi EtfS&PEurope 350 Ucits Etf(IE0031091428)[FisicaCompleta:prestito titoli(max 25%)e collaterale (105% -110% )] mmmmm 0,35 0,54 87.952 21,30Lyxor EtfStoxx Europe 600Personal & Household Goods (FR0010344978)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 1,01 86.188 24,10dbX-Trackers - Stoxx Europe 600 Basic Resources Ucits Etf(LU0292100806)[SinteticaFunded:con Swap(100%)(collaterale110,4%)] mmmmm 0,30 0,25 84.889 -4,98Lyxor EtfStoxx Europe 600Industrial Goods & Services(FR0010344887)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,20 83.213 27,95dbX-Trackers Ftse Epra/NareitDevelopedEurope RealEstate Ucits Etf- 1C (LU0489337690)[SinteticaFunded:con Swap(100%)(collaterale110,71%)] mmmmm 0,40 0,32 83.038 15,16iShares EuroStoxx Mid Ucits Etf(IE00B02KXL92)[FisicaCompleta:prestito titoli(14,84%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,78 78.500 31,49dbX-Trackers Ftse 100Short Daily Ucits Etf (LU0328473581)[SinteticaFunded:con Swap(100%)(collaterale119,89%)] mmmmm 0,50 0,32 71.010 -21,21dbX-Trackers Stoxx Europe 600 InsuranceUcits Etf (LU0292105193)[SinteticaFunded:con Swap(100%)(collaterale113,63%)] mmmmm 0,30 0,58 67.078 35,47iShares UkDividend Ucits Etf(IE00B0M63060)[FisicaCompleta:prestito titoli(4,72%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,25 63.729 21,46Lyxor EtfEuro Stoxx50 Daily Short(FR0010424135)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,29 61.242 -Spdr Etfs- Spdr Msci Europe Financials Etf(FR0000001703)[FisicaCompleta:prestito titoli(10,7433537157019%)e collaterale (105,2739695508%)] mmmmm 0,30 0,46 58.157 31,09iShares EuroTotal MarketValue Large Ucits Etf(IE00B0M62T89)[FisicaCompleta:prestito titoli(4,72%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,16 55.413 28,75Lyxor EtfMsciEmu Small Caps (FR0010168773)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,44 55.247 38,04Lyxor EtfStoxx Europe 600Financial Services (FR0010345363)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,15 50.287 42,59Amundi EtfLeveragedMsci Europe Daily Ucits Etf(FR0010756080)[SinteticaUnfunded:basketsostitutivo (100,44%) Swap(-0,44%)] mmmmm 0,35 0,57 49.093 44,21dbX-Trackers - Dj Stoxx Europe 600Telecommunications Ucits Etf (LU0292104030)[SinteticaFunded:con Swap(100%)(collaterale110,96%)] mmmmm 0,30 0,66 46.340 27,94dbX-Trackers Euro Stoxx 50 LeveragedDaily Ucits Etf(LU0411077828)[SinteticaFunded:con Swap(100%)(collaterale120,14%)] mmmmm 0,35 0,27 42.523 51,26Lyxor EtfStoxx Europe 600Retail (FR0010344986)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,16 42.024 29,44dbX-Trackers Cac 40 Ucits Etf(LU0322250985)[SinteticaUnfunded:basketsostitutivo (100,51%)Swap (-0,51%)] mmmmm 0,20 0,16 40.906 27,77Amundi EtfS&PEuro Ucits Etf (IE0031091642)[FisicaCompleta:prestito titoli(max 25%)e collaterale (105% -110% )] mmmmm 0,35 0,35 39.793 26,95dbX-Trackers Stoxx Europe 600 Food & Beverage Ucits Etf (LU0292105359)[SinteticaFunded:con Swap(100%)(collaterale110,43%)] mmmmm 0,30 0,62 38.999 12,59iShares MsciEurope Ucits Etf Acc(IE00B4K48X80)[FisicaCompleta:prestito titoli(1,12%)e collaterale (102,5%-112%)] mmmmm 0,35 0,28 38.216 21,25iShares EuroTotal MarketGrowth Large Ucits Etf(IE00B0M62V02)[FisicaCompleta:prestito titoli(3,95%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,21 36.933 23,70





Ubs-EtfMsci Emu (LU0446735093)[FisicaCompleta:prestito titoli(24,49%) e collaterale (105,12%)] mmmmm 0,24 0,15 35.533 27,32dbX-Trackers Stoxx Europe 600 Industrial Goods Ucits Etf(LU0292106084)[SinteticaFunded:con Swap(100%)(collaterale108,2%)] mmmmm 0,30 0,63 34.866 27,60PowersharesFtse Rafi Europe Small-Mid Fund(IE00B23D8Y98)[FisicaCompleta] mmmmm 0,50 0,53 33.142 33,19Lyxor EtfStoxx Europe 600Media (FR0010344929)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,60 31.119 42,02dbX-Trackers - Dj Stoxx Europe 600Technology Ucits Etf(LU0292104469)[SinteticaFunded:con Swap(100%)(collaterale110,95%)] mmmmm 0,30 0,54 30.902 37,86Lyxor EtfStoxx Europe 600Travel & Leisure (FR0010344838)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,18 30.271 32,67dbX-Trackers Msci Europe Small CapTrn IndexUcits Etf(LU0322253906)[SinteticaFunded:con Swap(100%)(collaterale110,47%)] mmmmm 0,40 0,36 28.872 33,46dbX-Trackers - Euro Stoxx Select Dividend30 Ucits Etf(LU0292095535)[SinteticaFunded:con Swap(100%)(collaterale110,37%)] mmmmm 0,30 0,35 28.591 21,17iShares European PropertyYield Ucits Etf(IE00B0M63284)[FisicaCompleta:prestito titoli(9,77%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,29 28.459 10,08iShares UkProperty Ucits Etf(IE00B1TXLS18)[FisicaCompleta:prestito titoli(1,76%)e collaterale (102,5%-112%)] mmmmm 0,40 0,36 25.958 22,59giapponeRbs MarketAccess TopixHedged Index Etf(LU0562666403)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale98,65%)] mmmmm 0,50 0,87 155.402 59,34Ubs-EtfMsci Japan(LU0258212462)[FisicaCompleta:prestito titoli(17,01%)e collaterale (105,22%)] mmmmm 0,56 0,35 59.769 26,14iShares MsciJapan Ucits EtfAcc(IE00B4L5YX21)[FisicaaCampione] mmmmm 0,59 0,29 42.109 25,79globaleLyxor EtfMsciWorld HealthCare Tr (LU0533033238)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 1,28 141.719 24,17Rbs MarketAccess Nyse Arca Gold Bugs Index Etf(LU0259322260)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale99,05%)] mmmmm 0,70 0,69 119.091 -53,12Ubs-EtfMsci World(LU0446735416)[FisicaaCampione:prestito titoli(13,68%) ecollaterale (104,23%)] mmmmm 0,31 0,18 96.497 18,72Lyxor EtfFtse Epra/Nareit GlobalDevelopedD-Eur (FR0010833574)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,55 76.110 8,27Lyxor EtfMsciAll Country WorldEtf (FR0011079466)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,57 71.571 15,33iShares GlobalCleanEnergy Ucits Etf(IE00B1XNHC34)[FisicaCompleta:prestito titoli(22,49%) e collaterale(102,5%-112%)] mmmmm 0,65 0,50 66.056 59,69Lyxor EtfDj GlobalTitans 50 (FR0007075494)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,15 50.364 10,84dbX-Trackers Lpx Mm PrivateEquity Ucits Etf(LU0322250712)[SinteticaFunded:con Swap(100%)(collaterale115,15%)] mmmmm 0,70 0,49 41.596 38,47iShares GlobalWater Ucits Etf(IE00B1TXK627)[FisicaCompleta:prestito titoli(8,88%) ecollaterale (102,5%-112%)] mmmmm 0,65 0,47 38.731 19,23Lyxor New Energy(FR0010524777)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,68 36.063 30,16dbX-Trackers Msci WorldHealth Care TrnIndex Ucits Etf(LU0540980223)[SinteticaFunded:con Swap(100%)(collaterale119,93%)] mmmmm 0,45 0,50 35.395 23,01Lyxor EtfWorldWater/France (FR0010527275)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 1,89 31.323 22,69PowersharesGlobalClean EnergyFund (IE00B23D9133)[FisicaCompleta] mmmmm 0,75 0,50 29.485 57,02dbX-Trackers Msci WorldConsumer Discretionary TrnIndex Ucits Etf(LU0540979720)[SinteticaFunded:con Swap(100%)(collaterale120,01%)] mmmmm 0,45 0,56 26.281 32,71nord americaLyxor EtfDowJones Industrial Average Euro (FR0007056841)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,50 0,08 155.836 12,87Lyxor Ucits EtfMsciUsa Euro (FR0010296061)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,35 0,07 148.300 18,87Amundi EtfS&P500 Ucits Etf(FR0010892224)[SinteticaUnfunded:basketsostitutivo (100,68%)Swap (-0,68%)] mmmmm 0,15 0,08 144.072 18,56iShares Us PropertyYield Ucits Etf (IE00B1FZSF77)[FisicaCompleta] mmmmm 0,40 0,78 129.894 5,44dbX-Trackers S&P 500Euro Hedged Index Ucits Etf(LU0490619193)[SinteticaFunded:con Swap(100%)(collaterale109,89%)] mmmmm 0,30 0,20 110.500 24,74Ubs-EtfMsci Usa(LU0136234654)[FisicaCompleta:prestito titoli(7,51%) e collaterale (102,34%)] mmmmm 0,36 0,16 103.997 18,54iShares DowJones U.S. Select Dividend De(DE000A0D8Q49)[FisicaCompleta] mmmmm 0,32 0,35 99.209 16,60iamEtf Us MinimumVarianceNr Eur (LU0599612685)[SinteticaUnfunded:basketsostitutivo (100,34%)Swap (-0,39%)] mmmmm 0,65 0,21 96.390 11,91Lyxor EtfCanada S&PTsx 60-A (LU0496786731)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,09 95.676 1,01iShares S&P500Ucits Etf Acc(IE00B4L5ZD99)[FisicaCompleta] mmmmm 0,40 0,16 90.704 18,30dbX-Trackers S&P 500Ucits Etf - 1C(LU0490618542)[SinteticaFunded:con Swap(100%)(collaterale109,89%)] mmmmm 0,20 0,24 90.510 18,26Amundi EtfLeveragedMsci UsaDaily Ucits Etf- Usd(FR0010755611)[SinteticaUnfunded:basketsostitutivo (101,65%) Swap(-1,65%)] mmmmm 0,35 0,46 82.586 38,16Lyxor EtfS&P500 CappedFinancials (FR0011192723)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 0,41 60.941 25,59Amundi EtfMsciUsa Ucits Etf(FR0010688275)[SinteticaUnfunded:basketsostitutivo (100,82%)Swap (-0,82%)] mmmmm 0,28 0,08 59.080 18,83





Amundi EtfNasdaq-100 Ucits Etf (FR0010892216)[SinteticaUnfunded:basketsostitutivo (100,85%) Swap(-0,85%)] mmmmm 0,23 0,10 57.933 18,91Amundi EtfShort MsciUsa Daily Ucits Etf(FR0010791194)[SinteticaUnfunded:basketsostitutivo (99,43%)Swap (0,57%)] mmmmm 0,35 0,26 40.662 -18,35Lyxor EtfFtse Epra/Nareit UnitedStates - D Eur (FR0010833566)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,62 31.869 5,57PowersharesFtse Rafi Us 1000 Fund(IE00B23D8S39)[FisicaCompleta] mmmmm 0,39 0,27 30.816 22,79Ubs-EtfMsci Canada (LU0446734872)[FisicaCompleta:prestito titoli(27,9%) e collaterale(105,08%)] mmmmm 0,51 0,37 29.112 0,77dbX-Trackers Msci Canada TrnIndex Ucits Etf(LU0476289540)[SinteticaFunded:con Swap(100%)(collaterale110,88%)] mmmmm 0,35 0,53 27.312 0,61OBBLIGAZIONARIOcdsdbX-Trackers Ii Itraxx Europe Ucits Etf(LU0290358653)[SinteticaUnfunded:basketsostitutivo (95%) Swap(5%)] mmmmm 0,18 0,12 80.313 3,66dbX-Trackers Ii Itraxx Europe 2XShort Daily Ucits Etf (LU0613541589)[SinteticaUnfunded:basketsostitutivo (106,99%) Swap(-6,99%)] mmmmm 0,28 0,34 45.362 -8,22debitoalto rendimentoLyxor Etf Iboxx ? Liquid HighYield 30 Ex-Financial (FR0010975771)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,15 96.697 8,89debitogovernativodbX-Trackers Ii Iboxx SovereignsEurozone 3-5 Ucits Etf (LU0290356954)[SinteticaUnfunded:basketsostitutivo (99,12%)Swap (0,88%)] mmmmm 0,15 0,10 153.559 3,52Lyxor EtfMts Btp 1-3Y Italy Government Bond (FR0011313741)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,06 141.658 -Lyxor EtfEuromts 10-15YInvestment Grade - Eur (FR0010037242)[FisicaCompleta] mmmmm 0,17 0,06 132.985 7,55dbX-Trackers Ii Global SovereignUcits Etf-Eur (LU0378818131)[SinteticaUnfunded:basketsostitutivo (103,22%)Swap(-3,22%)] mmmmm 0,25 0,25 132.440 0,60dbX-Trackers Ii Iboxx SovereignsEurozone 5-7 Ucits Etf(LU0290357176)[SinteticaUnfunded:basketsostitutivo (98,77%) Swap(1,23%)] mmmmm 0,15 0,11 104.556 5,38Amundi EtfGovt Bond Euromts Broad Investment Grade Ucits Etf(C) (FR0010754192)[SinteticaUnfunded:basketsostitutivo (100,94%)Swap (-0,94%)] mmmmm 0,14 0,08 101.138 4,50dbX-Trackers Ii Iboxx ? SovereignsEurozone Yield PlusUcits Etf(LU0524480265)[SinteticaUnfunded:basketsostitutivo (100,28%)Swap (-0,28%)] mmmmm 0,15 0,20 94.364 9,22Lyxor EtfEuromts 15+YInvestment Grade - Eur(FR0010481093)[FisicaCompleta] mmmmm 0,17 0,08 80.573 5,46dbX-Trackers Ii Mts Ex-BankItaly Btp Ucits Etf(LU0613540185)[SinteticaUnfunded:basketsostitutivo (100,37%) Swap(-0,37%)] mmmmm 0,20 0,24 79.075 8,85dbX-Trackers Ii Iboxx SovereignsEurozone Ucits Etf(LU0290355717)[SinteticaUnfunded:basketsostitutivo (99,26%) Swap(0,74%)] mmmmm 0,15 0,18 76.581 4,43iShares Italy GovernmentBond Ucits Etf(IE00B7LW6Y90)[FisicaaCampione] mmmmm 0,20 0,08 73.262 9,31Amundi EtfShort Govt Bond Euromts Broad Investment Grade 7-10 Daily Ucits Etf(FR0010823450)[SinteticaUnfunded:basketsostitutivo (101,08%) Swap(-1,08%)] mmmmm 0,14 0,15 70.649 -5,82Lyxor Etf Iboxx $ Treasuries 1-3Y (FR0010960955)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,07 70.083 -5,56iShares UkGiltsUcits Etf(IE00B1FZSB30)[FisicaaCampione:prestito titoli(7,52%) ecollaterale (102,5%-112%)] mmmmm 0,20 0,15 68.926 -5,94iShares EuroGovernment Bond 10-15Yr Ucits Etf (IE00B4WXJH41)[FisicaCompleta] mmmmm 0,20 0,10 53.586 7,53Amundi EtfGovt Bond Euromts Broad Investment Grade 7-10Ucits Etf(C) (FR0010754184)[SinteticaUnfunded:basketsostitutivo (100,88%)Swap (-0,88%)] mmmmm 0,14 0,09 52.182 5,69Spdr BarclaysEuro GovernmentBond Ucits Etf(IE00B3S5XW04)[FisicaaCampione] mmmmm 0,15 0,18 49.431 4,17iShares EuroGovernment Bond 15-30YrUcits Etf(IE00B1FZS913)[FisicaaCampione:prestito titoli(12,8%) e collaterale(102,5%-112%)] mmmmm 0,20 0,10 43.613 5,56Amundi EtfGovt Bond Highest Rated EuromtsInvestment Grade Ucits EtfC (FR0010930636)[SinteticaUnfunded:basketsostitutivo (101,46%) Swap(-1,46%)] mmmmm 0,14 0,10 35.463 0,83dbX-Trackers Ii Iboxx GermanyUcits Etf 1D(LU0468896575)[SinteticaUnfunded:basketsostitutivo (109,28%)Swap (-9,28%)] mmmmm 0,15 0,10 29.738 0,26iShares EuroGovernment Bond Ucits Etf (IE00B4WXJJ64)[FisicaaCampione] mmmmm 0,20 0,09 25.496 4,41debitosocietarioiShares PfandbriefeDe (DE0002635265)[FisicaCompleta] mmmmm 0,09 0,23 56.385 1,06Amundi EtfEuro Corporate Financials Iboxx Ucits Etf C (FR0011020957)[SinteticaUnfunded:basketsostitutivo (101,1%) Swap(-1,1%)] mmmmm 0,16 0,19 34.763 3,19emergenteAmundi EtfGlobalEmerging Bond Markit Iboxx Ucits Etf(C) (FR0010959668)[SinteticaUnfunded:basketsostitutivo (101,66%)Swap (-1,66%)] mmmmm 0,30 0,45 27.761 -11,34inflazioneLyxor EtfEuromts InflationLinked Investment Grade - Eur(FR0010174292)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 0,10 126.256 2,29iShares $Tips Ucits Etf (IE00B1FZSC47)[FisicaCompleta:prestito titoli(ND) ecollaterale (102,5%-112%)] mmmmm 0,25 0,24 96.188 -11,66dbX-Trackers Ii Iboxx EuroInflation-Linked Ucits Etf(LU0290358224)[SinteticaUnfunded:basketsostitutivo (100,77%) Swap(-0,77%)] mmmmm 0,20 0,27 95.264 2,52iShares EuroInflation Linked GovernmentBond Ucits Etf(IE00B0M62X26)[FisicaCompleta:prestito titoli(34,24%) e collaterale (102,5%-112%)] mmmmm 0,25 0,19 61.171 -0,95ALTERNATIVOvolatilitàLyxor EtfDynamic Long Vix Futures Index - Eur(LU0871960976)





[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,75 0,85 30.250 -MATERIE PRIMEagricolturaEtfsDaily LeveragedCorn (JE00B2NFTG43)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,40 103.920 -58,50EtfsDaily LeveragedSugar (JE00B2NFTW01)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,37 91.584 -21,89EtfsDaily LeveragedCocoa (JE00B2NFV803)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,47 48.600 0,96EtfsDaily Short Wheat(JE00B24DKR51)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,13 46.573 15,01EtfsDaily LeveragedCotton (JE00B2NFTH59)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,40 42.816 -0,62EtfsDaily LeveragedSoybeans (JE00B2NFTV93)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,21 33.270 -8,47cerealiEtfsWheat(GB00B15KY765)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,25 103.572 -28,20EtfsCorn (GB00B15KXS04)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,22 93.718 -34,80diversificatoEtfsAllCommodities Dj-Ubscism (GB00B15KY989)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,78 160.868 -16,57dbX-Trackers Dblci-Oy BalancedUcits Etf (LU0292106167)[SinteticaFunded:con Swap(100%)(collaterale110,13%)] mmmmm 0,55 0,25 59.540 -9,93Lyxor EtfCommoditiesCrb Non-Energy (FR0010346205)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,35 1,15 55.446 -16,91Etfx Dj-UbsAll CommoditiesForward 3 Month Fund(IE00B4WPHX27)[SinteticaUnfunded:basketsostitutivo (109%) Swap(100%)] mmmmm 0,55 0,41 38.622 -Rbs MarketAccess Rogers International CommodityIndex Etf(LU0249326488)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale98,81%)] mmmmm 0,70 0,52 31.317 -9,66energiaEtfsBrent 1Mth Securities (GB00B0CTWC01)[SinteticaFunded:con Swap(100%)] mmmmm 0,49 0,16 97.317 2,34EtfsWti 2Mth Securities (GB00B0CTWK84)[SinteticaFunded:con Swap(100%)] mmmmm 0,49 0,13 74.576 5,27EtfsGasoline (GB00B15KXW40)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,16 34.023 -6,31metalli industrialiEtfsDaily LeveragedCopper (JE00B2NFTF36)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,21 150.886 -27,73EtfsCopper (GB00B15KXQ89)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,10 148.646 -15,74EtfsIndustrial Metals Dj-Ubscism (GB00B15KYG56)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,81 78.220 -15,64EtfsAluminium(GB00B15KXN58)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,36 59.815 -18,13EtfsZinc (GB00B15KY872)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,30 48.414 -8,07EtfsDaily LeveragedAluminium (JE00B2NFTC05)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,45 44.434 -31,71EtfsDaily Short Copper (JE00B24DK645)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,14 41.270 -1,51metallipreziosiEtfsGold (GB00B15KXX56)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,34 128.268 -27,75EtfsPhysical Palladium (JE00B1VS3002)[FisicaCompleta] mmmmm 0,49 0,80 98.640 17,75DbPhysical Silver EuroHedged Etc (DE000A1EK0J7)[FisicaCompleta] mmmmm 0,75 0,70 88.764 -30,18Lyxor Etn Gold Usd (XS0416722857)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,31 79.227 -26,84EtfsSilver(GB00B15KY328)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,29 53.831 -34,47EtfsPhysical Pm Basket (JE00B1VS3W29)[FisicaCompleta] mmmmm 0,43 0,56 46.067 -23,39EtfsDaily LeveragedPlatinum (JE00B2NFV134)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,96 37.073 -28,22EtfsPrecious Metals Dj-Ubscism (GB00B15KYF40)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,79 31.627 -29,54Lyxor Etn Short Gold Eur (XS0416711736)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,32 28.699 14,79DbPhysical Platinum Euro Hedged Etc (DE000A1EK0H1)[FisicaCompleta] mmmmm 0,75 1,07 27.688 -9,72softsEtfsSugar (GB00B15KY658)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,21 113.339 -12,75EtfsDaily Hedged Sugar(JE00B6X05031)[SinteticaFunded:con Swap(100%)(collaterale109%)] mmmmm 0,49 0,41 62.024 -7,97EtfsDaily Hedged Coffee (JE00B6TK3K31)[SinteticaFunded:con Swap(100%)(collaterale109%)] mmmmm 0,49 0,61 32.582 -39,25




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Plus24-IlSole24Ore 26OTTOBRE &numeri indici

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