Plus24-IlSole24Ore 5OTTOBRE &numeri indici

reddito fisso

analisi titoli rncl’hit parade

Australia 2,63 3,39 3,90 2,99 3,96Gr. Bretagna 0,50 0,56 2,71 1,72 3,37Canada 0,97 0,96 2,55 1,72 3,31Danimarca 0,27 0,34 1,98 1,28 1,98Svezia 0,70 0,87 2,50 1,50 2,50Giappone 0,13 0,14 0,65 0,76 0,52Svizzera 0,02 0,04 1,04 0,53 1,04Usa 0,02 4,76 2,63 1,61 3,37Area euro 0,23 0,22 1,81 1,47 1,81

RENDIMENTI EFFETTIVI LORDIpaesi mercatomonet. obbl.governative obblig.

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

B.caIntesa 1,389 3,60 -17,02B.coDesio 1,863 6,76 -9,12B.coSardegna 7,995 2,18 —Banca Carige 1,075 8,14 n,s.Buzzi Unicem 6,725 0,74 -44,88Danieli 14,760 2,38 -31,13Edison 0,917 16,36 —Gemina 1,687 — 0,12Impregilo 13,100 1,99 n,s.Indesit Compani 5,895 4,21 -19,36Intek Group 0,380 — 34,23Intek Groupnew 0,380 — 34,23Italcementi 3,050 6,11 -47,91Italmobiliare 11,630 — -38,79La Fondiaria-Sai 129,600 — n,s.Milano Ass. 0,800 — 41,50Montefibre 0,160 — n,s.Pirelli &c 6,690 5,08 -30,53RCSMediagroup 0,661 — n,s.SaesGetters 6,370 10,47 -10,91Seat Pagine Gialle 0,780 — n,s.Stefanel 146,000 — n,s.TelecomItalia 0,517 6,00 -19,72TelecomItalia Media 0,180 — n,s.Unicredito 7,890 — n,s.Zucchi 0,177 — n,s.

indici& numeriImigliori1 Venezuela(IBC) 147,562 Abu Dhabi(ABUDHABI SE) 47,873 Argentina(BUSEMerval) 38,754 Irlanda(IRISH SE) 25,605 Kuwait(KSE) 23,79

Ipeggiori1 Perù(LIMA GENERAL) -31,942 Brasile(BRSPBOVESPA) -22,673 Cipro(CYPRUS MAINIDX) -19,594 Cile(SASE Select) -17,975 Indonesia (JSX) -17,21

FONDI ITALIANIindice performance

a1 mese a1 anno a3 anni

fonte:elaborazioneUfficioStudideIlSole-24Ore

Imigliori1 Spagna 9,422 Irlanda 8,223 Italia 4,554 Portogallo 3,735 Francia -0,91

Ipeggiori1 Venezuela -15,082 Brasile -14,003 Australia -12,364 Messico -11,805 Giappone -11,74

AZIONARIOrendimenti in euro dal28/12/12 al03/10/13

paese rend paese rend

Generale 1,04 3,41 8,05Azionari 4,32 9,25 9,25Bilanciati 2,02 5,89 11,83Obbligazionari 0,54 2,48 8,32Monetari 0,08 0,93 3,79Flessibili 1,30 5,25 7,45

fonte:Thomson ReutersDatastream

fonte:Thomson ReutersDatastream

Fonte:elaborazioneUfficioStudideIlSole-24Ore

fonte:elaborazioneUfficioStudidelSole-24Ore

OBBLIGAZIONARIOrendimenti in euro dal28/12/12 al03/10/13

paese rend paese rend

titolo prezzo div/p% sconto%

Plus24 - Il Sole 24 Ore SABATO 5 OTTOBRE 20131 N. 581

previsione sulle economie

Argentina 10,6 08-13 8,7 11,5 +2,2 +18,4 +1,0 0,2 — —Australia 2,4 06-13 2,8 2,6 +2,6 +11,9 +0,3 1,5 2,6 3,6Austria 1,8 08-13 2,1 1,9 +1,5 +17,1 +1,5 1,0 0,1 1,8Belgio 0,9 09-13 2,3 1,7 +0,8 +14,4 +1,8 1,8 0,1 2,2Brasile 6,1 08-13 5,8 5,6 +2,7 +20,6 — 0,8 — —Canada 1,1 08-13 1,8 1,8 +2,3 +13,7 +1,0 1,4 1,1 3,1Cile 2,2 08-13 3,6 3,0 +4,4 +10,3 +16,0 — 4,4 —Cina 2,6 08-13 3,1 3,0 +7,4 +15,7 +0,7 0,7 — —Corea 0,8 09-13 3,0 2,6 +3,4 +23,4 — 0,6 3,0 3,0Danimarca 0,4 08-13 2,0 1,8 +1,4 +23,6 +9,8 1,1 0,1 1,4Filippine 2,0 08-13 4,6 3,8 +6,1 +7,6 +1,5 1,1 — —Finlandia 1,3 08-13 1,8 2,1 +1,3 +22,9 +0,5 2,3 0,1 1,7Francia 0,9 08-13 1,7 1,5 +0,8 +12,6 +2,3 1,4 0,3 2,6Germania 1,4 09-13 1,7 1,8 +1,7 +11,2 +2,6 1,5 0,4 2,1Giappone 0,9 08-13 -0,1 2,2 +1,7 +25,3 +88,5 0,9 0,2 1,0HongK. 6,9 07-13 2,2 3,8 +3,6 +10,7 +1,0 1,0 0,5 —India 10,8 08-13 7,4 7,6 +5,9 +16,9 +19,5 0,7 7,3 —Indonesia 8,4 09-13 7,1 6,4 +5,9 +15,8 +185,1 1,1 6,3 —Irlanda 0,2 08-13 1,8 1,3 +1,8 — +0,0 2,8 0,1 4,3Italia 0,9 09-13 2,1 1,6 +0,5 +27,7 +0,3 1,4 0,3 4,3Malaysia 1,9 08-13 2,4 2,7 +5,1 +12,8 +0,3 1,4 3,5 —Messico 3,5 08-13 4,2 3,9 +4,0 — +1,9 1,6 4,0 5,3N.Zelanda 0,7 06-13 2,6 2,1 +3,1 +10,2 +0,2 1,4 3,5 3,7Norvegia 3,2 08-13 1,7 1,8 +2,7 +13,7 +4,7 1,2 1,9 3,0Olanda 2,8 08-13 1,8 1,8 +0,3 +13,1 +1,4 1,1 0,4 2,6Russia 6,5 08-13 10,2 5,5 +2,9 +0,9 +0,1 16,6 — —Singapore 2,0 08-13 2,6 2,9 +3,7 +10,1 +0,2 1,2 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 +12,1 +4,7 0,9 — —Svezia 0,1 08-13 1,3 1,3 +2,6 +14,2 +6,0 1,4 1,4 2,8Svizzera 0,0 08-13 0,6 0,6 +1,9 +10,6 +2,6 1,4 0,1 1,4Taiwan -0,8 10-13 1,4 1,8 +3,7 +16,6 +2,9 0,7 1,2 —Thailandia 1,4 09-13 3,1 2,9 +4,5 +14,8 +1,9 1,9 2,9 —UK 3,3 08-13 3,3 3,0 +2,1 +8,9 +28,3 1,3 0,6 2,9Usa 1,5 08-13 2,4 1,9 +2,7 +12,2 +2,7 1,2 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 5 OTTOBRE 2013 Plus24 - Il Sole 24 OreN. 581 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.

88IndSymriseAg(D) 32,52 24,31 89FinLandSecs(Gb) 933,50 24,24 90BvoPaddyPower(Irl) 59,57 24,13 91PbuIntertekGroup(Gb) 3351,00 24,11 92FinGsw Immobilien(D) 32,20 24,06 93PbuJMartins Sgps(P) 15,49 23,70 94IndSika(Ch) 2670,00 23,68 95InfIngenico(F) 54,02 23,66 96SalNovo Nordisk(Dk) 930,50 23,58 97FinHufvudstaden(S) 82,65 23,58 98MatHeidelbergcement(D) 59,25 23,55 99FinMediobanca(I) 5,32 23,42 100IndGeberit N1(Ch) 244,30 23,40 101MatCRH(Irl) 17,89 23,38 102EneTullow Oil(Gb) 1061,00 23,27 103EneNeste Oil(Fl) 16,45 23,19 104FinHammerson(Gb) 510,00 23,15 105SalSonovaHld(Ch) 112,40 23,07 106BpnGivaudan(Ch) 1336,00 22,90 107PbuDistribuidora Inte Alim(E) 6,45 22,86 108FinDanskeBank(Dk) 122,40 22,83 109BpnBurberry Grp(Gb) 1617,00 22,68 110BvoAccor(F) 30,82 22,56 111BpnCampari(I) 6,45 22,43 112FinDeutscheWohnen(D) 13,15 22,39 113IndSpirax-Sarco(Gb) 3020,00 22,35 114PbuAer.de Paris(F) 77,07 22,19 115TelWincorNixdorf(D) 46,80 22,13 116IndAmerSports(Fl) 15,05 22,07 117IndSchindler-Hld(Ch) 135,20 21,91 118MatLafarge(F) 52,72 21,89 119IndHexagon(S) 193,60 21,84 120IndKoninklijke Dsm(Nl) 55,13 21,81 121PbuExperian(Gb) 1199,00 21,77 122MatHolcim(Ch) 68,50 21,66 123FinPSPSwiss(Ch) 79,80 21,64 124TelTelekom Aust(A) 5,93 21,60 125TelInmarsat(Gb) 722,00 21,51 126IndAssaAbloy B(S) 297,40 21,39 127FinPartnersHld(Ch) 222,20 21,33 128IndTaylorWimpey(Gb) 100,90 21,29 129BpnAdidas(D) 79,34 21,27 130SalUcb(B) 43,65 21,26 131PbuLvmh(F) 147,10 21,22 132InfZodiac Aer.(F) 115,95 21,20 133PbuHays(Gb) 114,70 21,13 134PbuDeLa Rue Plc(Gb) 996,50 21,13 135IndFiat(I) 6,06 21,07 136PbuHugo Boss(D) 95,97 20,99 137TelTelefonicaD. Hld(D) 5,95 20,98 138EneFuchsPetro Vz(D) 62,73 20,97 139BpnAbInbev(B) 74,25 20,88 140PbuAdecco(Ch) 63,05 20,83 141InfHalma(Gb) 554,50 20,83 142IndRichemontI(Ch) 91,40 20,82

143BpnAssoc.Br.Foods(Gb) 1877,00 20,73 144BpnBritvic(Gb) 581,00 20,66 145PbuEasyjet(Gb) 1287,00 20,61 146BvoIntercontHote(Gb) 1818,00 20,46 147InfSafran(F) 44,91 20,45 148IndLegrand(F) 41,80 20,37 149PbuHowden Join(Gb) 286,20 20,35 150PbuFraport(D) 51,68 20,34 151SalActelionHldg(Ch) 63,10 20,27 152TelAmadeus(E) 25,90 20,26 153BpnHenkelPref.(D) 75,93 20,16 154SalGetingeAb(S) 232,40 20,16 155IndCrodaInt.(Gb) 2718,00 20,14 156BpnSabmiller(Gb) 3233,50 20,09 157IndSuez Env(F) 12,13 20,08 158PbuSodexo(F) 69,20 19,95 159BpnDiageo(Gb) 1987,00 19,94 160IndAlfaLaval(S) 157,00 19,91 161PbuRandstad(Nl) 40,81 19,81 162IndHusqvarna(S) 41,75 19,73 163FinJulius Baer(Ch) 42,51 19,62 164IndAirLiquide(F) 104,35 19,54 165SalQiagen(Nl) 15,85 19,52 166BpnPernodRicard(F) 92,05 19,49 167SalGalenica(Ch) 760,00 19,46 168BvoLagardereS.C.A.(F) 24,00 19,42 169PbuEnelGreen Power(I) 1,63 19,39 170IndTechnip(F) 89,07 19,38 171BvoCompass Group(Gb) 849,50 19,29 172BvoProsiebensat1(D) 31,61 19,28 173PbuAbertis(E) 14,35 19,28 174IndSwatch GroupI(Ch) 583,50 19,24 175FinUnibail Rodamco(F) 183,35 19,24 176IndBellway(Gb) 1302,00 19,24 177InfInfineon Tech.(D) 7,55 19,23 178FinIntuprop(Gb) 326,90 19,23 179BvoWhitbread(Gb) 3035,00 19,20 180BpnKerry Group(Irl) 45,25 19,19 181FinAshtead(Gb) 634,50 19,17 182IndPersimmon(Gb) 1109,00 19,09 183SalbioMerieux(F) 71,35 19,08 184BvoItv(Gb) 176,10 19,04 185BpnBarry Callebaut(Ch) 897,00 19,01 186PbuCarrefour(F) 25,68 19,00 187IndStoraEnso R(Fl) 6,66 18,96 188SalShire(Gb) 2473,00 18,94 189PbuBabcockInt(Gb) 1193,00 18,90 190IndAndritz(A) 44,20 18,85 191FinJupiterFund(Gb) 370,90 18,81 192FinSwissPrimeS.(Ch) 70,20 18,77 193IndAbb(Ch) 21,70 18,77 194FinIntesaSanpaolo(I) 1,61 18,76 195BpnScaB(S) 162,50 18,76 196PbuCapita Group(Gb) 1001,00 18,73 197BpnGlanbiaPlc(Irl) 9,71 18,70 198IndViscofan(E) 42,11 18,69 199FinRoyalBank Sco(Gb) 371,10 18,66 200SalMeda(S) 76,30 18,65 201IndLinde(D) 148,70 18,60 202InfRollsRoyce Pl(Gb) 1129,00 18,55



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





88FinValiantHld(Ch) 88,65 10,68 89BpnImperial Tobac(Gb) 2296,00 10,72 90PbuStagecoach(Gb) 323,30 10,73 91PbuTesco(Gb) 362,45 10,76 92FinInvestec(Gb) 404,40 10,76 93IndNeopost(F) 53,00 10,79 94IndNcc(S) 193,50 10,80 95FinIcap Plc(Gb) 380,30 10,82 96FinMan(Gb) 87,25 10,82 97IndMetso(Fl) 29,04 10,85 98FinScorSe(F) 24,33 10,86 99TelTdc(Dk) 46,82 10,88 100IndEvonikInd.(D) 28,00 10,89 101PbuGas Natural(E) 15,55 11,04 102InfBaeSy.(Gb) 468,00 11,17 103PbuDelhaize Group(B) 47,16 11,21 104EneRepsolYpf(E) 18,63 11,45 105TelCable&Wir(Gb) 39,60 11,57 106FinCorio(Nl) 32,10 11,59 107FinCofinimmo-Sicafi(B) 85,35 11,63 108PbuG4S(Gb) 253,40 11,63 109EnePremier Oil(Gb) 332,70 11,64 110FinSwedbank(S) 150,00 11,67 111FinNordea(S) 77,95 11,67 112IndEnagas(E) 18,38 11,69 113IndContinental AG(D) 125,30 11,71 114FinRsa Insrance G(Gb) 122,70 11,71 115IndArkema(F) 83,46 11,77 116EneAfren(Gb) 139,60 11,84 117PbuRedElectr Cor(E) 42,79 11,89 118FinFonciere Regions(F) 61,27 11,91 119IndPirelli & C.(I) 9,89 11,93 120FinVienna Insuran(A) 38,67 11,97 121PbuEdf(F) 23,10 11,98 122MatGlencore(Gb) 344,75 11,99 123SalSanofi(F) 74,60 12,06 124IndPetrofac(Gb) 1400,00 12,07 125PbuGdfSuez(F) 18,87 12,14 126FinMapfre(E) 2,67 12,17 127FinCastellum(S) 92,25 12,17 128PbuSse Plc(Gb) 1460,00 12,19 129BvoWoltersKluwer(Nl) 19,22 12,19 130FinShb A(S) 279,00 12,22 131IndSandvik(S) 90,05 12,31 132BvoInforma(Gb) 532,00 12,33 133IndVinci(F) 43,29 12,36 134PbuSainsbury(J)(Gb) 398,00 12,36 135IndBilfinger Berger(D) 77,13 12,45 136InfCobham(Gb) 290,10 12,45 137FinSeb A(S) 69,15 12,45 138FinAdmiral Group(Gb) 1248,00 12,48 139TelSwisscom(Ch) 441,10 12,50 140PbuMitie Grp.(Gb) 292,70 12,51 141IndRexamPlc(Gb) 486,50 12,51 142BpnTate & Lyle(Gb) 755,00 12,57

143MatImerys(F) 52,50 12,62 144SalOrionB(Fl) 18,16 12,63 145PbuFortum(Fl) 16,56 12,68 146TelBtGroup(Gb) 343,10 12,68 147IndValeo(F) 62,41 12,69 148IndFugro(Nl) 45,70 12,69 149IndGkn(Gb) 349,20 12,70 150IndBasf(D) 72,09 12,71 151IndSnam(I) 3,75 12,77 152PbuDrax(Gb) 684,00 12,80 153IndAmec(Gb) 1089,00 12,87 154FinSampoPlc(Fl) 31,97 12,88 155MatVedanta Res(Gb) 1103,00 12,92 156PbuNational Grid(Gb) 743,00 12,92 157IndSubsea7(Lu) 126,80 12,92 158TelSoftware(D) 26,07 13,00 159BvoSes(Lu) 21,36 13,05 160FinPrudential(Gb) 1172,00 13,26 161PbuCentrica(Gb) 366,90 13,29 162Telfreenet(D) 17,78 13,32 163FinKbc Groep(B) 36,49 13,33 164TelElisaCorporat(Fl) 17,97 13,38 165IndBouygues(F) 27,14 13,39 166FinIntermediate(Gb) 449,10 13,41 167TelPortugalTelecom(P) 3,43 13,41 168SalGlaxosmithklin(Gb) 1596,50 13,45 169MatVoestalpine(A) 34,80 13,48 170BvoGreene King(Gb) 806,00 13,48 171TelTele2 B(S) 83,80 13,53 172FinB.Cant.Vaudoise(Ch) 494,50 13,56 173TelVodafoneGroup(Gb) 218,50 13,56 174IndSolvay(B) 114,65 13,58 175IndPargesaHld(Ch) 68,10 13,60 176PbuAholdKon(Nl) 12,93 13,60 177EneHunting(Gb) 816,50 13,63 178FinLegal & Genera(Gb) 202,00 13,64 179PbuRentokil(Gb) 111,30 13,67 180FinHsbcHoldings(Gb) 682,90 13,69 181BpnRexel(F) 18,79 13,77 182BvoTuiTravel(Gb) 370,40 13,81 183BpnCelesio(D) 16,73 13,88 184BvoUbm(Gb) 724,00 13,94 185FinWereldhave(Nl) 53,53 13,94 186BvoA Springer(D) 40,40 13,95 187IndKoninklijke(Nl) 32,70 13,97 188IndPetrol Geo-Ser(Nok) 78,30 13,97 189FinTryg(Dk) 507,50 14,02 190SalNovartis(Ch) 69,90 14,05 191FinDeutscheBank(D) 34,35 14,05 192BvoPearson(Gb) 1253,00 14,11 193EneBg Group(Gb) 1196,50 14,11 194InfThales(F) 41,27 14,12 195IndAalbertsInd.(Nl) 19,82 14,23 196IndElectroluxB(S) 174,30 14,26 197FinIg Group(Gb) 582,50 14,27 198IndOutotecOyj(Fl) 10,18 14,35 199IndAggreko(Gb) 1590,00 14,36 200MatUmicore(B) 36,31 14,49 201IndBerkeley(Gb) 2064,00 14,50 202FinICADE(F) 67,99 14,51



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





88InfNokia(Fl) 4,90 0,66 89PbuVeoliaEnviron(F) 12,83 0,66 90IndSaint-Gobain(F) 37,42 0,66 91FinScorSe(F) 24,33 0,66 92IndLanxess(D) 49,65 0,67 93IndGeorgFischer(Ch) 554,00 0,68 94EneTotal(F) 43,14 0,68 95TelWincorNixdorf(D) 46,80 0,69 96IndOsram(D) 35,07 0,70 97IndMetso(Fl) 29,04 0,70 98EneGalp Energia(P) 12,42 0,70 99BpnWolseley(Gb) 3296,00 0,71 100PbuColruyt(B) 42,30 0,72 101IndFlsmidth& Co(Dk) 307,00 0,72 102PbuEndesa(E) 19,40 0,73 103PbuG4S(Gb) 253,40 0,73 104IndOutotecOyj(Fl) 10,18 0,74 105PbuSse Plc(Gb) 1460,00 0,74 106PbuDsv(Dk) 159,70 0,75 107IndAmec(Gb) 1089,00 0,75 108BvoOpap(Gr) 8,30 0,75 109BpnBrenntag Ag(D) 124,15 0,76 110IndStoraEnso R(Fl) 6,66 0,76 111IndMichelin(F) 81,91 0,76 112EneStatoil(Nok) 137,50 0,77 113MatVoestalpine(A) 34,80 0,78 114PbuTeleperformance(F) 36,52 0,78 115PbuKingfisher(Gb) 390,40 0,79 116PbuJMartins Sgps(P) 15,49 0,79 117IndSmith(Gb) 283,50 0,80 118PbuStagecoach(Gb) 323,30 0,80 119FinZurichFin(Ch) 233,50 0,81 120IndKonecranesOyj(Fl) 25,44 0,81 121InfBaeSy.(Gb) 468,00 0,81 122MatNorsk Hydro(Nok) 25,66 0,81 123IndYara Internat(Nok) 251,90 0,81 124IndSmurfitKappa(Irl) 16,62 0,82 125IndVestasWind(Dk) 133,10 0,83 126Telfreenet(D) 17,78 0,84 127PbuEnel(I) 2,92 0,84 128IndVolvo B(S) 98,35 0,85 129IndUpm-KymmeneOy(Fl) 10,39 0,86 130BpnBunzl(Gb) 1344,00 0,86 131IndSolvay(B) 114,65 0,87 132IndGkn(Gb) 349,20 0,87 133IndContinental AG(D) 125,30 0,88 134InfSTMicroelectr.(Nl) 7,02 0,88 135IndSEB(F) 62,98 0,89 136BpnTravisPerkins(Gb) 1650,00 0,89 137MatCRH(Irl) 17,89 0,89 138InfQinetiq(Gb) 194,60 0,90 139IndSuez Env(F) 12,13 0,92 140IndRatos(S) 61,80 0,92 141IndKemira Oy(Fl) 12,73 0,94 142MatVedanta Res(Gb) 1103,00 0,94

143IndMondi(Gb) 1066,00 0,94 144IndAkzo Nobel(Nl) 48,97 0,94 145PbuMoeller Maerskb(Dk) 51500 0,95 146BvoCompass Group(Gb) 849,50 0,95 147FinAmlin(Gb) 415,20 0,95 148IndSaipem(I) 16,49 0,95 149FinAegon(Nl) 5,55 0,95 150IndMAN(D) 87,89 0,96 151PbuCentrica(Gb) 366,90 0,96 152IndPirelli & C.(I) 9,89 0,96 153MatBolidenAb(S) 99,20 0,96 154PbuGdfSuez(F) 18,87 0,97 155IndPhilipsKon(Nl) 24,43 0,97 156FinAgeas(B) 30,25 0,98 157IndArkema(F) 83,46 0,98 158IndEvonikInd.(D) 28,00 0,99 159IndAmerSports(Fl) 15,05 0,99 160BpnChristian Dior(F) 145,25 1,00 161FinDeltaLloyd(Nl) 15,68 1,00 162IndTechnip(F) 89,07 1,01 163IndClariant(Ch) 15,47 1,02 164IndYiT(Fl) 10,28 1,02 165InfEricsson B(S) 87,60 1,02 166IndVinci(F) 43,29 1,03 167FinDirect Line(Gb) 211,70 1,03 168IndOC Oerlikon(Ch) 12,25 1,04 169IndGea Group(D) 30,63 1,04 170IndBasf(D) 72,09 1,04 171PbuMarks & Sp.(Gb) 497,00 1,04 172IndK + S(D) 20,02 1,05 173IndHusqvarna(S) 41,75 1,05 174TelCable&Wir(Gb) 39,60 1,06 175PbuEdf(F) 23,10 1,07 176InfMtu AeroEngines(D) 70,00 1,08 177IndJm(S) 188,50 1,08 178BpnElectrocomponent(Gb) 275,70 1,09 179FinPrudential(Gb) 1172,00 1,09 180BpnAdidas(D) 79,34 1,11 181BpnTate & Lyle(Gb) 755,00 1,11 182SalRhoenKlinikum(D) 18,82 1,13 183IndRexamPlc(Gb) 486,50 1,13 184FinSwissRe(Ch) 76,00 1,15 185IndEiffage(F) 40,85 1,18 186IndBarratt D.(Gb) 311,70 1,18 187PbuEasyjet(Gb) 1287,00 1,18 188BpnAssoc.Br.Foods(Gb) 1877,00 1,19 189BpnHeineken Hld(Nl) 47,01 1,20 190IndScaniaB(S) 140,50 1,20 191PbuGas Natural(E) 15,55 1,21 192IndSubsea7(Lu) 126,80 1,21 193IndSiemens(D) 90,20 1,22 194IndKingspan Group(Irl) 12,38 1,22 195BpnAryztaAg(Ch) 58,55 1,23 196IndKoninklijke Dsm(Nl) 55,13 1,23 197MatHeidelbergcement(D) 59,25 1,24 198IndPetrofac(Gb) 1400,00 1,25 199MatImerys(F) 52,50 1,26 200PbuRentokil(Gb) 111,30 1,26 201SalFresenius(D) 92,09 1,27 202InfRollsRoyce Pl(Gb) 1129,00 1,27



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





88FinB.Com.Portugues(P) 0,10 27,12 89FinAxa(F) 17,38 27,10 90FinB.EspiritoSanto(P) 0,82 26,79 91MatVoestalpine(A) 34,80 26,77 92IndKoninklijke Dsm(Nl) 55,13 26,68 93FinBolsasY Mer E(E) 22,80 26,49 94IndAmerSports(Fl) 15,05 26,46 95PbuSecuritasB(S) 74,20 26,37 96PbuHavas(F) 5,79 26,08 97SalLonza(Ch) 74,55 25,25 98TelBtGroup(Gb) 343,10 24,89 99PbuWirecard(D) 24,75 24,64 100PbuHays(Gb) 114,70 24,41 101FinJupiterFund(Gb) 370,90 24,16 102Telfreenet(D) 17,78 23,98 103FinExor(I) 28,32 23,91 104InfEricsson B(S) 87,60 23,64 105IndFiat(I) 6,06 23,38 106BvoReed Elsevier(Nl) 15,02 23,33 107IndSuez Env(F) 12,13 23,16 108PbuNext(Gb) 5175,00 22,98 109PbuEdf(F) 23,10 22,86 110FinResolution 324,60 22,73 111FinIntermediate(Gb) 449,10 22,65 112PbuWppPlc(Gb) 1284,00 22,64 113IndBouygues(F) 27,14 22,55 114TelAmadeus(E) 25,90 21,83 115IndBerkeley(Gb) 2064,00 21,78 116FinLegal & Genera(Gb) 202,00 21,77 117FinErste Grp Bank(A) 23,19 21,75 118BpnKering(F) 166,90 21,74 119BpnGivaudan(Ch) 1336,00 21,48 120IndSmith(Gb) 283,50 21,42 121FinIngGroep(Nl) 8,47 21,27 122SalHikma(Gb) 1037,00 21,11 123FinBbva(E) 8,32 21,07 124PbuRightmove(Gb) 2333,00 21,02 125IndAalbertsInd.(Nl) 19,82 21,02 126IndAcsCons Y Ser(E) 23,57 20,94 127FinCs GroupAg(Ch) 27,56 20,80 128PbuGas Natural(E) 15,55 20,72 129FinPrudential(Gb) 1172,00 20,67 130SalElanCorporati(Irl) 11,44 20,47 131BpnGlanbiaPlc(Irl) 9,71 20,33 132PbuKingfisher(Gb) 390,40 20,24 133IndBmw(D) 79,72 20,05 134FinAegon(Nl) 5,55 19,72 135IndZardoya Otis(E) 11,92 19,69 136BpnLuxottica(I) 39,79 19,68 137FinIntesaSanpaolo(I) 1,61 19,55 138IndLegrand(F) 41,80 19,49 139BpnAssoc.Br.Foods(Gb) 1877,00 19,33 140TelCap Gemini(F) 44,38 19,24 141FinRoyalBank Sco(Gb) 371,10 19,18 142FinUBI Banca(I) 4,01 19,16

143PbuAdecco(Ch) 63,05 19,15 144TelIliad(F) 170,95 19,11 145FinEurazeo(F) 47,85 19,03 146MatHeidelbergcement(D) 59,25 19,00 147IndSika(Ch) 2670,00 18,99 148FinTryg(Dk) 507,50 18,99 149IndSbmOffshore(Nl) 15,19 18,87 150FinBnpParibas(F) 50,84 18,55 151IndAssaAbloy B(S) 297,40 18,44 152BpnAryztaAg(Ch) 58,55 17,99 153PbuHugo Boss(D) 95,97 17,67 154IndClariant(Ch) 15,47 17,60 155FinClose Bros(Gb) 1161,00 17,42 156IndNutreco(Nl) 38,56 17,37 157SalGalenica(Ch) 760,00 17,36 158BpnBooker(Gb) 134,20 17,30 159FinSegro(Gb) 312,10 16,93 160IndSaint-Gobain(F) 37,42 16,84 161BpnChristian Dior(F) 145,25 16,68 162BpnElectrocomponent(Gb) 275,70 16,46 163IndBellway(Gb) 1302,00 16,38 164PbuFerrovial(E) 13,39 16,27 165FinMediobanca(I) 5,32 16,24 166SalRoche HoldingAg(Ch) 243,00 16,18 167PbuPublicisGroupe(F) 59,29 15,98 168IndHexagon(S) 193,60 15,84 169PbuMarks & Sp.(Gb) 497,00 15,83 170PbuMichaelPage(Gb) 484,80 15,81 171IndStoraEnso R(Fl) 6,66 15,80 172FinSampoPlc(Fl) 31,97 15,53 173BpnScaB(S) 162,50 15,49 174InfGn Store Nord(Dk) 115,00 15,47 175IndPrysmian(I) 18,38 15,39 176BvoReed Elsevier(Gb) 842,50 15,36 177PbuAbertis(E) 14,35 15,30 178FinGenerali(I) 15,18 14,97 179PbuD.Lufthansa(D) 14,68 14,79 180FinDeutscheBoerse(D) 55,76 14,78 181BvoWilliam Hill(Gb) 406,90 14,69 182PbuAholdKon(Nl) 12,93 14,67 183IndVallourec(F) 49,33 14,61 184IndPhilipsKon(Nl) 24,43 14,61 185FinCNP Ass.(F) 13,65 14,35 186BvoWoltersKluwer(Nl) 19,22 14,30 187EneOmvAg(A) 37,05 14,05 188FinSwissRe(Ch) 76,00 13,77 189IndSchneiderElectr(F) 65,06 13,62 190FinBaloiseHld(Ch) 100,90 13,53 191FinB.P. E.Romagna(I) 5,65 13,53 192InfIngenico(F) 54,02 13,49 193FinInvestorB(S) 197,20 13,34 194IndSpirax-Sarco(Gb) 3020,00 12,95 195IndOC Oerlikon(Ch) 12,25 12,89 196IndVinci(F) 43,29 12,86 197FinJulius Baer(Ch) 42,51 12,73 198SalShire(Gb) 2473,00 12,73 199FinDeltaLloyd(Nl) 15,68 12,72 200InfMeggit(Gb) 555,00 12,56 201TelTalktalk(Gb) 243,20 12,42 202IndAlfaLaval(S) 157,00 12,40



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





88FinGAM Hld(Ch) 16,70 0,19 89InfIngenico(F) 54,02 0,19 90IndVolvo B(S) 98,35 0,19 91FinKbc Groep(B) 36,49 0,18 92FinGbl(B) 63,48 0,18 93SalStada Arznei(D) 37,42 0,18 94SalColoplastB(Dk) 311,80 0,18 95TelTelecity(Gb) 840,50 0,18 96PbuRightmove(Gb) 2333,00 0,18 97TelAveva(Gb) 2604,00 0,18 98FinJulius Baer(Ch) 42,51 0,17 99SalNovo Nordisk(Dk) 930,50 0,17 100PbuDistribuidora Inte Alim(E) 6,45 0,17 101TelAtos(F) 57,56 0,17 102IndEiffage(F) 40,85 0,17 103SalBtg(Gb) 385,60 0,17 104FinHsbcHoldings(Gb) 682,90 0,17 105IndKingspan Group(Irl) 12,38 0,17 106TelGemalto(Nl) 80,07 0,17 107SalElekta(S) 104,90 0,17 108IndSika(Ch) 2670,00 0,16 109IndSymriseAg(D) 32,52 0,16 110InfSafran(F) 44,91 0,16 111IndBerkeley(Gb) 2064,00 0,16 112TelTalktalk(Gb) 243,20 0,16 113BpnLuxottica(I) 39,79 0,16 114IndTrelleborg(S) 123,20 0,16 115IndClariant(Ch) 15,47 0,15 116IndAbb(Ch) 21,70 0,15 117SalLonza(Ch) 74,55 0,15 118BpnAdidas(D) 79,34 0,15 119SalWilliam Demant(Dk) 512,00 0,15 120BvoItv(Gb) 176,10 0,15 121BpnBooker(Gb) 134,20 0,15 122PbuEnelGreen Power(I) 1,63 0,15 123IndJm(S) 188,50 0,15 124IndKemira Oy(Fl) 12,73 0,14 125InfZodiac Aer.(F) 115,95 0,14 126BpnChristian Dior(F) 145,25 0,14 127FinRsa Insrance G(Gb) 122,70 0,14 128FinResolution 324,60 0,14 129BvoPaddyPower(Irl) 59,57 0,14 130FinExor(I) 28,32 0,14 131IndSubsea7(Lu) 126,80 0,14 132FinStorebrand(Nok) 34,50 0,14 133IndAker Solutions(Nok) 89,75 0,14 134SalActelionHldg(Ch) 63,10 0,13 135SalSonovaHld(Ch) 112,40 0,13 136BpnCoca Cola(Ch) 1844,00 0,13 137BpnBeiersdorf(D) 65,62 0,13 138IndGea Group(D) 30,63 0,13 139FinDeutscheWohnen(D) 13,15 0,13 140PbuHugo Boss(D) 95,97 0,13 141IndKoneCorporati(Fl) 66,45 0,13 142PbuEurotunnel(F) 6,29 0,13

143FinInvestec(Gb) 404,40 0,13 144SalShire(Gb) 2473,00 0,13 145InfAsml Holding(Nl) 72,14 0,13 146IndAckermans V.Haar(B) 75,85 0,12 147PbuSgs(Ch) 2164,00 0,12 148BpnLindt&Spruengli(Ch) 42535 0,12 149PbuKuehne&Nagel(Ch) 120,30 0,12 150IndRichemontI(Ch) 91,40 0,12 151SalGerresheimer(D) 44,10 0,12 152IndUpm-KymmeneOy(Fl) 10,39 0,12 153PbuHavas(F) 5,79 0,12 154IndValeo(F) 62,41 0,12 155BpnRemy Cointreau(F) 80,99 0,12 156BpnTravisPerkins(Gb) 1650,00 0,12 157BpnBurberry Grp(Gb) 1617,00 0,12 158MatVedanta Res(Gb) 1103,00 0,12 159FinProvidentFincl(Gb) 1680,00 0,12 160PbuRyanair Hldgs(Irl) 6,41 0,12 161BpnTod's(I) 139,20 0,12 162InfFinmecc.(I) 4,68 0,12 163PbuRandstad(Nl) 40,81 0,12 164FinDnb(Nok) 94,00 0,12 165PbuJMartins Sgps(P) 15,49 0,12 166IndHexagon(S) 193,60 0,12 167IndElectroluxB(S) 174,30 0,12 168PbuSecuritasB(S) 74,20 0,12 169IndAndritz(A) 44,20 0,11 170MatVoestalpine(A) 34,80 0,11 171IndGeorgFischer(Ch) 554,00 0,11 172TelDeutscheTelek(D) 10,81 0,11 173TelSap(D) 55,45 0,11 174IndSiemens(D) 90,20 0,11 175BvoKabel(D) 94,00 0,11 176BvoProsiebensat1(D) 31,61 0,11 177PbuInditex(E) 114,20 0,11 178BpnHermes Intl(F) 268,00 0,11 179IndBouygues(F) 27,14 0,11 180FinAxa(F) 17,38 0,11 181FinNatixis(F) 3,58 0,11 182PbuLvmh(F) 147,10 0,11 183FinScorSe(F) 24,33 0,11 184IndRotor(Gb) 2781,00 0,11 185PbuBabcockInt(Gb) 1193,00 0,11 186PbuIntertekGroup(Gb) 3351,00 0,11 187PbuNext(Gb) 5175,00 0,11 188PbuKingfisher(Gb) 390,40 0,11 189PbuRentokil(Gb) 111,30 0,11 190BvoWhitbread(Gb) 3035,00 0,11 191BvoTuiTravel(Gb) 370,40 0,11 192InfRollsRoyce Pl(Gb) 1129,00 0,11 193IndPirelli & C.(I) 9,89 0,11 194PbuWppPlc(Gb) 1284,00 0,11 195IndSkf B(S) 180,70 0,11 196BpnScaB(S) 162,50 0,11 197SalGetingeAb(S) 232,40 0,11 198TelTelekom Aust(A) 5,93 0,10 199BpnGivaudan(Ch) 1336,00 0,10 200IndSwatch GroupI(Ch) 583,50 0,10 201SalGalenica(Ch) 760,00 0,10 202FinPartnersHld(Ch) 222,20 0,10


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

1 Eni IT0003132476 ¬ 62312 0,842 UniCredit 29567

Risparmion.c. IT0004781420 ¬ 19 1,07Ordinarie IT0004781412 v 29548 n.s.

3 Enel IT0003128367 v 27816 1,024 Intesa Sanpaolo 27387

Ordinarie IT0000072618 ¬ 26095 1,81Risparmion.c. IT0000072626 ¬ 1292 1,70

5 Generali IT0000062072 ¬ 23787 1,166 Luxottica IT0001479374 u 18490 0,427 Snam IT0003153415 v 12486 0,588 TelecomItalia 11591

Ordinarie IT0003497168 v 8532 0,83Risparmion.c. IT0003497176 v 3059 —

9 Atlantia IT0003506190 v 10190 —10 EnelGreen Power IT0004618465 ¬ 8088 —11 Fiat IT0001976403 ¬ 7586 1,3512 Saipem 7289

Ordinarie IT0000068525 ¬ 7289 1,22Risparmio IT0000068533 ¬ —

13 Exor IT0001353140 v 7010 —14 TERNA IT0003242622 v 6794 —15 Mediobanca IT0000062957 v 4930 1,3416 Pirelli& C. 4674

Ordinarie IT0004623051 ¬ 4591 1,07Risparmion.c. IT0004623333 v 82 0,87

17 ParmalatS.p.a. IT0003826473 ¬ 4449 —18 SalvatoreFerragamo IT0004712375 ¬ 4377 —19 Tod's IT0003007728 ¬ 4239 0,8020 Mediolanum IT0001279501 ¬ 4170 1,4921 Prysmian IT0004176001 v 4058 —22 Campari IT0003849244 v 3806 0,4523 Mediaset IT0001063210 u 3773 1,4124 UBIBanca IT0003487029 ¬ 3708 1,4925 Lottomatica IT0003990402 ¬ 3658 —26 Finmeccanica IT0003856405 v 3057 1,3027 AzimutHolding IT0003261697 ¬ 2565 —28 Gemina 2495

Ordinarie IT0001480323 v 2489 0,68Risparmion.c. IT0001480349 v 6 0,64

29 A2A IT0001233417 v 2472 1,1330 MontePaschi IT0001334587 u 2459 1,6931 Unipol 2299

Ordinarie IT0004810054 v 1521 1,00Privilegiate IT0004810062 ¬ 778 1,21

32 BuzziUnicem 2289Ordinarie IT0001347308 v 2014 1,08Risparmion.c. IT0001369427 v 275 0,97

33 Fondiaria-Sai 2195Ordinarie IT0004827447 ¬ 1557 1,44Risparmion.c. IT0004827454 ¬ 165 1,09Risparmio IT0004827488 ¬ 473 —

34 BancoPopolare IT0004231566 v 2110 1,6035 Banca Generali IT0001031084 ¬ 2027 —36 Hera IT0001250932 ¬ 2011 0,6737 WorldDuty Free IT0004954662 ¬ 1964 —38 B.caPop. Emilia Rom. IT0000066123 ¬ 1897 1,2739 Recordati IT0003828271 ¬ 1825 0,4440 Diasorin IT0003492391 ¬ 1807 —41 De'Longhi IT0003115950 ¬ 1731 0,8342 Sias IT0003201198 v 1672 0,8843 BrunelloCucinelli IT0004764699 ¬ 1624 —44 Autogrill IT0001137345 ¬ 1530 0,64

45 Acea IT0001207098 ¬ 1529 0,8946 Cr.Emiliano IT0003121677 v 1525 1,2547 Impregilo 1509

Ordinarie IT0003865570 v 1488 0,87Risparmion.c. IT0003865588 ¬ 21 0,28

48 Danieli 1477Ordinarie IT0000076502 v 876 1,11Risparmion.c. IT0000076486 v 601 1,17

49 B.caPop. Milano IT0000064482 v 1468 1,6250 YOOXS.P.A. IT0003540470 ¬ 1419 —51 Italcementi 1345


52 AnsaldoSts IT0003977540 ¬ 1283 —53 Brembo IT0001050910 ¬ 1283 1,0854 B.caPop. Sondrio IT0000784196 ¬ 1276 0,8555 Erg IT0001157020 ¬ 1161 0,7756 C.Ass.Milano 1114


57 Iren IT0003027817 ¬ 1106 1,4158 B.caCarige 1058

Risparmio IT0003308878 ¬ 0,54Ordinarie IT0003211601 v 1058 1,10

59 Sorin IT0003544431 ¬ 1010 —60 Amplifon IT0004056880 ¬ 926 0,6461 Cir IT0000080447 ¬ 926 0,9062 BeniStabili IT0001389631 ¬ 907 1,2563 SafiloGroup IT0004604762 v 905 —64 CattolicaAss IT0000784154 ¬ 903 0,7665 InterpumpGr. IT0001078911 ¬ 893 0,9166 Saras IT0000433307 u 872 —67 IndesitCompany 833


68 Ima IT0001049623 v 814 0,2769 AutoTo-Mi IT0000084027 ¬ 807 0,8770 EI TOWERS IT0003043418 ¬ 789 —71 Piaggio IT0003073266 u 726 —72 Cr.Bergamasco IT0000064359 v 725 0,4073 Marr IT0003428445 ¬ 666 —74 SAVE IT0001490736 u 664 —75 Camfin IT0000070810 ¬ 640 1,2576 Astaldi IT0003261069 ¬ 614 0,9877 Italmobiliare 609


78 RCS Mediagroup 586Ordinarie IT0004931496 ¬ 567 0,81Risparmion.c. IT0003039028 v 19 0,72

79 Sol IT0001206769 v 562 0,3680 Geox IT0003697080 v 540 —81 Vittoria Ass. IT0000062882 v 534 0,5782 B.caIfis IT0003188064 v 531 —83 B.caIntermobil. IT0000074077 v 481 0,2884 Cementir IT0003126783 v 474 0,7585 MaireTecnimont IT0004931058 v 463 —86 Gr.L'Espresso IT0001398541 v 460 1,0487 EngineeringI.I. IT0003029441 v 443 0,2088 TreviFin. IT0001351383 ¬ 442 1,3489 Cr.Valtellinese IT0000064516 ¬ 440 1,1390 Datalogic IT0004053440 v 414 0,2591 Cofide IT0000070786 v 413 0,78


la classifica di piazza affarititolo codice ten capital beta

isin mlnÁ prosptitolo codice ten capital beta

isin mlnÁ prosp

92 Reply IT0001499679 v 409 0,3193 ZignagoVetro IT0004171440 v 406 —94 Dea Capital IT0001431805 ¬ 405 0,4895 Moleskine IT0004894900 ¬ 396 —96 Sogefi IT0000076536 v 375 0,8597 Ascopiave IT0004093263 v 346 —98 CairoComm. IT0004329733 ¬ 336 0,6999 FalckRen. IT0003198790 v 315 1,00

100 Nice IT0003317945 ¬ 312 —101 Tamburi Inv. Partners IT0003153621 v 272 —102 IGD IT0003745889 ¬ 270 —103 B.coDesio 265

Ordinarie IT0001041000 ¬ 240 0,57Risparmion.c. IT0001281374 v 25 0,15

104 PoltronaFrau IT0004114846 ¬ 256 —105 Mondadori IT0001469383 u 237 0,86106 Esprinet IT0003850929 v 221 1,34107 FieraMilano IT0003365613 v 220 0,60108 Juventus IT0000336518 ¬ 202 0,45109 Bon.Ferraresi IT0000074135 ¬ 202 n.s.110 Gasplus IT0004098510 ¬ 200 —111 Caltagirone IT0003127930 v 178 0,50112 Risanamento IT0001402269 u 176 1,01113 Prelios IT0004923022 ¬ 165 1,53114 Mittel IT0001447348 ¬ 164 0,48115 Immsi IT0001413837 v 163 0,77116 VianiniLav. IT0003127864 v 163 0,43117 B.caProfilo IT0001073045 ¬ 160 0,61118 Sabaf IT0001042610 v 154 0,54119 MutuiOnline IT0004195308 ¬ 152 —120 SaesGetters 151


121 AlerionCleanp. IT0004720733 ¬ 150 0,39122 MolecularMedicine IT0001080248 v 136 —123 B.caPop. Etruria Lazio IT0004919327 ¬ 135 1,02124 TelecomItalia Media 133

Ordinarie IT0004600364 v 132 0,76Risparmion.c. IT0004600372 ¬ 1 0,44

125 Cembre IT0001128047 v 130 0,40126 KmeGroup 117

Ordinarie IT0004552359 ¬ 98 0,53Risparmion.c. IT0004552367 ¬ 19 0,48Risparmio IT0004867930 ¬ —

127 Emak IT0001237053 u 117 0,32128 LandiRenzo IT0004210289 v 116 —129 DeLclima IT0004772502 v 115 —130 CaltagironeEdit. IT0001472171 v 111 0,55131 B.caFinnat IT0000088853 u 109 0,54132 Edison IT0003372205 v 101 0,25132 SAT IT0000214293 v 101 —133 Biesse IT0003097257 ¬ 100 1,32134 Carraro IT0001046553 ¬ 98 1,18135 Elica IT0003404214 ¬ 97 —136 La Doria IT0001055521 ¬ 96 0,33137 Damiani IT0004249329 u 96 —138 Snai IT0000074903 v 95 0,77139 BasicNet IT0001033700 ¬ 92 0,31140 Servizi Italia IT0003814537 u 91 —141 Retelit IT0004370463 ¬ 91 0,64142 Pininfarina IT0003056386 ¬ 90 0,99143 FNM IT0000060886 v 89 0,63144 PrimaIndustrie IT0003124663 v 86 0,59

145 Bolzoni IT0004027279 v 85 —146 Valsoia IT0001018362 v 85 —147 Acotel IT0001469953 u 84 0,51148 TerniEnergia S.P.A. IT0004359037 ¬ 80 —149 Tesmec IT0004585243 ¬ 80 —150 El.En. IT0001481867 ¬ 79 0,70151 Txte-solutions IT0001454435 v 79 0,50152 Acsm-Agam IT0001382024 v 79 0,81153 M&C IT0003955009 ¬ 77 —154 Tiscali IT0004513666 v 76 1,09155 RomaA.S. IT0001008876 v 75 0,35156 Reno De Medici IT0001178299 ¬ 74 0,53157 Piquadro IT0004240443 ¬ 71 —158 Premafin IT0001475109 ¬ 71 0,89159 Aeffe IT0001384590 v 68 —160 Autos. Merid. IT0000084043 ¬ 67 0,32161 Beghelli IT0001223277 ¬ 66 0,74162 Brioschi SviluppoImm. IT0000066180 ¬ 65 0,92163 B&C Speakers IT0001268561 v 59 —164 Eurotech IT0003895668 v 57 —165 Ciccolella IT0000080421 v 56 0,56166 Dada IT0001455473 ¬ 54 0,87167 B.coSardegna IT0001005070 v 53 0,37168 Ratti IT0004724107 ¬ 53 0,30169 PanariaGroup IT0001467577 ¬ 50 —170 CSPInternational IT0001127874 ¬ 45 0,46171 Pol.S.Faustino IT0001352217 ¬ 44 0,40172 Premuda IT0003676282 u 43 0,51173 Aedes IT0000074028 u 43 1,05174 K.R.Energy IT0004841315 ¬ 42 1,00175 Irce IT0001077780 ¬ 41 0,35176 Monrif IT0000066016 ¬ 39 0,29177 Exprivia IT0001477402 v 38 0,91178 CAD IT IT0001489720 ¬ 37 0,57179 Isagro IT0001069902 ¬ 37 —180 Gefran IT0003203947 v 35 0,75181 CobraAutom.Tech. IT0001142022 v 34 —182 Vianini Ind. IT0003127898 v 33 0,25183 BeeTeam IT0001479523 ¬ 32 1,19184 Ambienthesisex S.S.I. IT0001042297 v 31 0,62185 Fullsix IT0001487047 v 29 0,21186 PoligraficiEditoriale IT0000086923 v 29 0,36187 ConafiPrestitò IT0004105653 v 29 —188 AcquePotabili IT0004269327 ¬ 28 0,96189 S.S. Lazio IT0003621783 u 28 0,37190 Kinexia IT0004441603 ¬ 27 0,54191 SeatPagine Gialle 27

Risparmio IT0004458151 v —Ordinarie IT0004458094 ¬ 27 —

192 Ergy IT0004370448 v 27 —193 Noemalife IT0004014533 ¬ 26 —194 Industria e Innovazione IT0004179088 u 24 —195 IlSole24 Ore IT0004269723 v 24 —196 CIA IT0003389522 u 24 0,33197 Stefanel 22

Ordinarie IT0004607518 ¬ 22 0,74Risparmio IT0004607526 ¬ —

198 Pierrel IT0004007560 ¬ 22 —199 ClassEditori IT0001276408 v 21 0,83200 Tas IT0001424644 v 20 0,92201 CapeListed IT0004222458 ¬ 18 —202 DigitalBros IT0001469995 ¬ 18 0,46203 BiancamanoS.p.a. IT0004095888 v 17 —


la classifica di piazza affari

204 Caleffi IT0003025019 u 17 —205 Bialetti Industrie IT0004222102 ¬ 16 —206 CentraleLatte To IT0003023980 ¬ 16 0,36207 Grandi Viaggi IT0001244026 ¬ 16 0,22208 Bastogi IT0004412497 ¬ 15 0,56209 Ricchetti IT0003690283 ¬ 14 0,45210 ROSSS IT0004297575 ¬ 14 —211 EEMS IT0001498234 v 13 —212 MondoTV IT0001447785 v 13 0,88213 Zucchi 13

Ordinarie IT0000080553 ¬ 12 1,03Risparmion.c. IT0000080561 u 1 0,75

214 Mediacontech IT0001210902 ¬ 13 0,58215 BestUnion Company IT0004273915 ¬ 12 —216 Bioera IT0004711203 ¬ 12 —217 Fidia IT0001498481 ¬ 12 0,63218 Chl IT0001446613 v 12 0,83219 EuKedos IT0004818297 ¬ 11 —220 ItWay IT0003057624 ¬ 11 0,53221 Gabetti IT0000062650 u 11 1,09222 Olidata IT0001350625 v 10 0,76223 Arena IT0001347175 v 9 1,05224 Montefibre 9

Ordinarie IT0003111462 ¬ 9 0,73

Risparmion.c. IT0003111520 ¬ 0,27225 SSBT IT0003745129 ¬ 8 —226 DmailGroup IT0004819030 ¬ 6 1,19227 MovieMax IT0003765267 ¬ 5 —228 Investimentie Sviluppo IT0004942915 ¬ 5 1,11229 Le BuoneSocietà IT0001339321 ¬ 5 n.s.230 Sintesi IT0004659428 ¬ 5 0,50231 Meridie IT0004283807 u 4 —232 Cdc IT0001477337 ¬ 0 0,51233 Crespi IT0001054904 u 0 0,69234 Borgosesia 0

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

235 Aicon IT0004167760 ¬ 0 —236 Aeroporto Firenze IT0000346798 ¬ 0 0,14237 B.caPop. Spoleto IT0001007209 ¬ 0 0,55238 NOVA RE IT0001162509 ¬ 0 —239 BoeroB. IT0000066966 u 0 —240 CogemeSet IT0004092216 ¬ 0 —241 AiònRenew. IT0003926661 ¬ 0 —242 UniLand Spa IT0004375389 ¬ 0 —243 EnervitS.p.a. IT0004356751 v 0 —244 AntichiPellettieri IT0004016504 ¬ 0 —

TOTALE 399876

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) 242146,34 396,70 3,802 Exxon Mobil(USA) 206283,51 12,80 2,273 Roche Holding Ag(CH) 170112,86 34,60 14,134 Nestle Sa(CH) 163992,97 29,80 3,265 Toyota Motor C(JP) 162508,08 44,08 1,626 Google(USA) 161000,75 130,95 3,997 Royal Dtch Shl(GB) 155999,16 36,69 1,148 Royal Dtch Shl(NL) 155375,77 18,52 1,059 Microsoft Cp(USA) 153832,12 31,23 4,16

10 Berkshre Cl B(USA) 153487,07 26,08 1,4611 Novartis(CH) 151547,70 15,50 2,5812 Hsbc Holdings(GB) 149284,55 -16,00 1,1613 General Elec Co(USA) 134896,17 11,56 2,0214 Johnson Johnson(USA) 133926,16 30,77 3,7215 Wal-Mart Stores(USA) 130660,91 27,22 2,9616 Vodafone Group(GB) 127210,27 72,61 1,5017 Chevron(USA) 127097,15 54,24 1,6718 Wells Fargo & Co(USA) 119276,37 19,18 1,4519 Ab Inbev(B) 115818,04 176,61 3,6920 Procter & Gamble(USA) 113201,15 7,94 3,3021 Intl Bus Machine(USA) 110308,61 79,34 10,8122 Jpmorgan Chase(USA) 106751,82 6,12 0,9923 Pfizer Inc(USA) 104562,01 56,80 2,5124 Total(F) 101961,96 3,75 1,3325 Sanofi(F) 99172,54 53,63 1,7126 At&T(USA) 98137,87 23,24 2,0427 Bp(GB) 97748,69 -3,93 1,1328 Glaxosmithklin(GB) 90533,74 26,24 12,8429 Coca-Cola Co(USA) 90340,21 41,84 5,0230 Oracle(USA) 83568,64 75,50 3,4731 Bank Of America(USA) 82236,51 -60,74 0,6732 Citigroup(USA) 80646,73 -78,01 0,7733 Siemens(D) 80620,31 55,29 2,6134 Amazon Com(USA) 79725,28 383,24 17,5035 Volkswagen Pref.(D) 78359,66 108,54 1,0336 Philip Morris(USA) 77298,79 81,52 —37 Merck & Co(USA) 77064,56 57,96 2,5738 L Oreal(F) 75992,11 83,64 3,6439 Lvmh(F) 73511,74 139,79 2,9540 Verizon Comms(USA) 72900,50 62,64 3,9241 Brit Am Tobacc(GB) 72340,10 67,18 8,2342 Bayer(D) 71514,45 75,10 3,8743 Inditex(E) 70436,34 298,45 8,3444 B. Santander(E) 68560,33 -36,36 0,8545 Cisco Systems(USA) 68362,75 11,72 2,3646 Royal Bk Can(CAN) 68313,46 35,55 2,4347 Sap(D) 67309,75 54,08 4,6048 Visa Inc(USA) 66857,43 238,27 4,5649 Pepsico Inc(USA) 66801,76 13,95 5,4350 Mitsub Ufj Fg(JP) 66217,94 -31,25 0,7751 Basf(D) 65707,97 120,12 2,6752 Schlumberger Ltd(USA) 64727,16 26,63 3,3453 Comcast Corp A(USA) 64490,95 151,55 2,3954 Lloyds Bnk Grp(GB) 63782,04 -42,71 1,1955 Bnp Paribas(F) 63616,94 -19,33 0,8156 Qualcomm Inc(USA) 63209,28 69,43 3,4157 Walt Disney Co(USA) 63102,75 119,93 2,8658 Eni(I) 62580,67 -4,76 1,0559 Intel Corp(USA) 62073,06 35,13 2,2160 Daimler(D) 61426,41 84,01 1,41

61 Toronto Dom Bk(CAN) 60647,18 52,13 1,9162 Home Depot Inc(USA) 59520,18 211,79 6,2863 Ubs Ag(CH) 58551,07 -12,39 1,5364 Sabmiller(GB) 58377,84 195,00 2,9865 Diageo(GB) 58350,04 104,16 8,6566 Telefonica(E) 53724,85 -30,64 2,5967 Allianz(D) 53482,94 23,83 0,9968 Glencore(GB) 53134,72 — 1,2169 Japan Tobacco(JP) 52975,11 76,71 3,5970 Barclays(GB) 52592,90 -12,71 0,6771 H & M B(S) 52549,25 104,31 10,3772 United Tech Cp(USA) 52440,33 93,92 3,5673 Gilead Sci(USA) 51999,86 183,61 10,5174 Mcdonald'S Corp(USA) 51855,70 56,38 6,3775 Rio Tinto(GB) 51282,77 14,19 1,9476 Ntt(JP) 51216,65 4,94 0,7377 Honda Motor(JP) 51073,60 23,83 1,3378 Bmw(D) 51032,41 219,11 1,7279 Bk Nova Scotia(CAN) 50892,15 25,34 1,9980 Smfg(JP) 50226,02 -26,65 1,0081 Royal Bank Sco(GB) 49643,65 -79,15 0,6582 Bbva(E) 48691,12 -22,11 1,1283 Boeing Co(USA) 48402,55 123,36 14,6484 Bg Group(GB) 48324,76 27,20 1,9885 Astrazeneca(GB) 47921,47 25,86 2,7386 Deutsche Telek(D) 47783,36 -4,54 1,7987 Unilever Cert(NL) 47155,01 38,68 5,1388 Conocophillips(USA) 46849,32 38,42 1,7289 United Parcel B(USA) 46628,86 51,77 17,8990 Amgen(USA) 46372,21 95,98 4,1891 Bhp Billiton(GB) 46237,18 62,89 2,4092 Gdf Suez(F) 45710,95 -47,23 0,7693 Mastercard Cl A(USA) 44414,82 328,94 11,7794 3M Company(USA) 44355,04 84,54 4,5195 Edf(F) 43914,80 -51,91 1,6996 Amer Express Co(USA) 43806,41 135,67 4,2397 Richemont I(CH) 42944,21 252,39 4,1198 Standrd Chart(GB) 42603,01 27,83 1,3199 Twenty First C. Fox(USA) 42335,32 245,88 3,23

100 Bristol Myers Sq(USA) 42064,37 133,64 4,50101 Occidental Pete(USA) 41592,07 55,56 1,84102 Axa(F) 40931,81 -20,64 0,84103 Unitedhealth Gp(USA) 40169,69 197,67 2,36104 Abb(CH) 40126,50 2,91 3,14105 Abbvie(USA) 39662,57 — 20,94106 Amer Intl Group(USA) 39562,13 -25,42 0,72107 Union Pacific Cp(USA) 39428,19 155,34 3,61108 Suncor Energy(CAN) 39420,60 2,25 1,43109 Ebay Inc(USA) 39207,61 195,03 3,40110 Goldm Sachs Grp(USA) 38796,29 22,51 1,06111 Mizuho Financi(JP) 38384,23 -52,50 0,91112 Cvs Caremark Crp(USA) 38186,81 77,50 1,84113 Eads(F) 37997,55 280,09 3,85114 Reckit Bncsr G(GB) 37946,29 58,87 5,38115 Altria Group(USA) 37921,88 75,76 18,67116 Cs Group Ag(CH) 36975,78 -45,13 1,06117 Ford Motor Co(USA) 36913,82 301,80 3,33118 Us Bancorp(USA) 36439,73 1,78 1,93119 Nordea(S) 36381,72 16,22 1,30120 Prudential(GB) 36298,50 136,60 2,92

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

areaeuro1AbnAmroBan XS0765299572 A 03-22 110,817 2,673Alliander XS0792977984 AA 06-24 101,870 2,673Wesfarmers XS0810622935 A 08-22 100,580 2,671Eu EU000A1G6TV9 AAA 04-28 102,490 2,663TennetHldg XS0593606121 A 02-23 116,020 2,661Bnp Paribas XS0606704558 A 03-23 115,114 2,661Evn XS0690623771 BBB 04-22 111,907 2,663Anglo AmericaCa XS0789283792 BBB 06-19 100,420 2,663SocieteGenerale XS0802756683 A 07-22 112,251 2,661Ewe DE000A0Z2A12 BBB 07-21 117,998 2,652IntesaSanpaolo XS0467864160 BBB 11-16 103,239 2,652Carrefour XS0529414319 BBB 04-21 108,260 2,653JpMorganFinnc XS0820547825 A 08-22 100,770 2,653BbvaFinance XS0872702112 BBB 01-18 104,370 2,653Bertelsmann XS0811690550 BBB 08-22 99,830 2,643Telenor XS0862442331 A 12-24 99,767 2,643FortumOyj XS0825855751 A 09-22 97,121 2,613FVan Lanscht Bk XS0842560640 BBB 10-16 100,720 2,613BatHoldings Nl XS0856014583 A 01-23 98,070 2,613Statkraft XS0858366684 BBB 11-22 99,110 2,613BanquePsa Fin XS0594299066 BB 02-16 103,750 2,603Manpower XS0794990050 BBB 06-18 108,310 2,591BanquePsa Fin XS0798333802 BB 09-15 104,305 2,593Svenska Hndlsbnk XS0819759571 AA 08-22 100,217 2,591Eu EU000A1HBXS7 AAA 11-27 98,960 2,583Casino FR0011301480 BBB 08-19 103,120 2,571Rabobank XS0728812495 AA 01-22 110,510 2,572RteEdf FR0010913178 A 06-22 110,099 2,563Adp FR0011266527 A 06-24 105,160 2,562SuezEnviron FR0010913780 A 06-22 112,076 2,551Eib XS0427291751 AAA 10-25 119,897 2,552Eni XS0521000975 A 06-20 108,787 2,552Smbc XS0555833580 A 11-20 109,234 2,553Telstra Corp XS0760187400 A 09-22 107,450 2,553XstrataFin Du XS0857215346 BBB 11-18 100,350 2,551Strabag AT0000A0PHV9 BBB 05-18 109,520 2,542Autorts SudFra FR0010491720 BBB 07-22 123,880 2,541RweFinance XS0412842857 BBB 08-21 127,800 2,543Invstr XS0625859516 A 05-23 116,432 2,541Obb-Infra XS0691970601 AA 10-26 110,458 2,543Delhaize BE0002189554 BBB 02-20 103,435 2,532Veolia FR0010918490 BBB 01-21 111,170 2,531Eib XS0807336077 AAA 09-25 102,178 2,533WellsFar XS0817639924 A 08-22 100,700 2,533Metso XS0838968849 BBB 10-19 101,180 2,533NordeaBank XS0801636902 AA 07-22 105,600 2,523TlefonicaEmisns XS0828012863 BBB 09-17 112,070 2,523G4SIntl Fin XS0862010625 BBB 12-18 100,457 2,521Daimler DE000A1PGWA5 A 09-22 98,962 2,501Eu EU000A1GVVF8 AAA 09-26 105,367 2,503HolcimUs Financ XS0825829590 BBB 09-20 100,780 2,503Gencia FR0011233337 BBB 04-19 111,485 2,491GdfSue FR0011261924 A 02-23 104,160 2,493DnbNor Bank XS0595092098 A 02-21 112,512 2,493ScietGenrle XS0596704170 A 03-21 115,041 2,493Vlkwagen Leasing XS0823975585 A 09-22 99,060 2,492FranceTelecom XS0563306314 BBB 01-21 109,219 2,473Telstra Corp XS0706229555 A 05-22 109,772 2,473Eni XS0741137029 A 02-20 110,248 2,47

3FonciereDes Reg FR0011345545 BBB 01-18 105,660 2,461Obb-Infra XS0520578096 AA 06-25 114,210 2,463Atlantia XS0744125302 BBB 02-18 110,072 2,461Ge Cap EuroFndg XS0273570241 A 11-21 113,694 2,452Terna XS0436320278 BBB 10-19 113,325 2,453IngBank XS0579847673 A 01-21 115,920 2,453Telenor XS0798790027 A 06-22 102,310 2,453Edf FR0011182641 A 01-22 110,600 2,443Legrand FR0011234921 A 04-22 107,057 2,443GlencoreFin Eur XS0767815599 BBB 04-18 109,141 2,443Deutsche DE000DB5DCS4 A 01-23 99,499 2,431Rabobank XS0256967869 AA 06-21 113,380 2,433Vivendi FR0011157742 BBB 11-18 111,710 2,421Ewe XS0699330097 BBB 11-20 110,960 2,421DtschBahnFin XS0753143709 AA 03-24 105,270 2,422BanqueFedera XS0526612188 AA 07-20 110,546 2,413Omv XS0834367863 A 09-22 101,670 2,413EnelFin XS0842659343 BBB 04-18 105,097 2,4131SrBank XS0876758664 A 02-20 98,390 2,401BmwFinance XS0877622034 A 01-23 99,715 2,401DeutscheBorse DE000A1RE1W1 AA 10-22 99,840 2,392Carrefour XS0499243300 BBB 04-20 109,575 2,393EvrythgEvry Fin XS0811603090 BBB 08-18 103,831 2,393TotalCaptl Int XS0830194501 AA 03-23 97,770 2,393UnioneDi Banche XS0850025627 BBB 10-15 102,690 2,391GdfSue FR0011289230 A 07-22 101,880 2,382Postnl NL0006133175 BBB 11-17 111,558 2,383EnexisHldg XS0737138460 AA 01-22 107,380 2,383Alliander XS0854759080 AA 11-22 98,890 2,382TennetHldg XS0485616758 A 02-22 115,861 2,373BatIntl Finance XS0704178556 A 11-21 109,120 2,37

sterlina inglese1Smiths Group XS0111725049 BBB 06-16 112,290 2,503SouthernGasNet XS0460691966 BBB 11-18 112,317 2,491Inter AmerDevbk XS0121569957 AAA 06-21 119,084 2,463Rolls-RoyceGp XS0426014899 A 04-19 122,490 2,363Scot SthrnEnrgy XS0454509455 A 10-18 112,658 2,271United Utl Water XS0168054673 BBB 05-18 113,339 2,263SevrnTrnt Util XS0408829793 BBB 01-18 115,107 2,251ScottishPower XS0073359548 BBB 02-17 119,680 2,221Ge CapitalUk XS0544837676 A 09-17 107,153 2,213NtwrkRail Infrt XS0225051811 AA 07-20 115,239 2,173StagecoachGrp XS0473964764 BBB 12-16 111,116 2,093British Telecom XS0306772939 BBB 06-17 115,994 2,083ReedElseir Inv XS0418995907 BBB 12-17 119,599 2,044FceBank XS0746650984 BBB 02-17 108,940 2,023Bayer XS0255605239 A 05-18 115,794 2,004BaaFunding XS0789279683 A 06-15 103,398 1,993Vodafone Group XS0432619913 A 12-17 113,459 1,963ImperialTob Fin XS0275432358 BBB 11-16 110,635 1,941Nib XS0104228845 AAA 11-19 118,961 1,931Eib XS0160386875 AAA 10-18 113,572 1,883At&T XS0426513031 A 04-17 113,633 1,863CarlsbergBrews XS0430699008 BBB 11-16 116,270 1,853BgEnergy Cap XS0431150654 A 12-17 113,049 1,831Raiffeisen XS0554658947 AA 11-17 105,500 1,823ReedElsevier XS0271070525 BBB 10-16 111,243 1,773FranceTelecom XS0427529325 BBB 05-16 108,147 1,743Kpn XS0248011446 BBB 03-16 109,534 1,71

datial 03.10.2013 codiceisin rating obbligazioneemittente prezzo rend.

scad. indic. effet.


scad. indic. effet.


quanto rendono i bond

1Abinbev BE6000183549 A 06-17 117,025 1,711BmwUkCapital XS0455542521 A 10-17 112,614 1,693AkzoNobel Nv XS0422084698 BBB 04-16 115,343 1,693FceBank XS0559319172 BBB 11-15 107,147 1,631TotalCapital XS0430265693 AA 12-17 110,478 1,623Wales &West Fin XS0471076876 BBB 12-16 110,736 1,593MotabilityOprtn XS0453299173 A 09-16 110,567 1,591Ubs XS0440316635 A 07-16 113,021 1,543DanskeBk XS0500193650 BBB 12-15 105,222 1,521Eib XS0434040167 AAA 12-17 110,415 1,513Basf XS0420401779 A 03-17 114,640 1,511Eib XS0055498413 AAA 08-17 127,400 1,453Svenska Hndlsbnk XS0429682429 AA 05-16 110,367 1,441Unilever XS0434423926 A 06-17 112,006 1,381Boc Group XS0123544529 A 01-16 111,822 1,261Vw Financial XS0784809393 A 10-15 101,557 1,223NordeaBank Sa XS0503464801 AA 12-15 105,688 1,211Eib XS0602217159 AAA 12-16 106,392 1,17

dollaro usa1RocheHldgs USU75000AM82 A 03-19 119,227 2,204HuWhIn 12Ii USG4690AAA54 A 11-17 99,240 2,191Eib XS0821238226 AAA 10-19 98,540 2,131E.OnInter Fin USN3033QAT96 A 04-18 115,852 2,134HutchWham11 USG4673GAA34 A 01-17 104,530 2,054QnbFin XS0748305017 A 02-17 104,310 2,044Doha Finance XS0757032445 A 03-17 104,862 2,024IngBank USN4578BQC10 A 03-17 105,790 1,981Eib XS0742416380 AAA 03-19 100,960 1,933PttepAu IntFin USQ7787RAA43 BBB 07-15 103,974 1,873BancBradesco Ky US05947LAG32 BBB 03-15 103,190 1,874IpicGmtn XS0701035320 AA 03-17 106,230 1,844Swdbk XS0836360171 A 09-17 101,099 1,83

4HongLongBk XS0602697772 A 03-16 104,590 1,814HyundaiCap Svc USY3815NAG61 BBB 07-16 107,090 1,774AnzBkg Gp Ny US05253JAA97 AA 10-17 100,411 1,764CnpcOverseas USG21895AA87 A 04-16 103,470 1,734DnbBank XS0765615678 A 04-17 105,103 1,714NordeaBank US65557HAB87 AA 03-17 104,731 1,701Heineken Nv USN39427AN46 BBB 10-17 98,890 1,683BangkBnk USY0606WBR08 BBB 10-15 103,130 1,671NestleHoldings XS0878581890 AA 07-18 98,675 1,663WooriBank US98105GAG73 A 01-16 106,880 1,663Nacf US63243MAB28 A 01-16 105,960 1,603Vw IntnlFinance XS0763676557 A 03-17 102,695 1,574IngBank USN3113TAQ24 A 03-16 105,980 1,494IpicGmtn XS0860583672 AA 11-15 100,730 1,401Eib XS0558939269 AAA 12-17 102,422 1,403Kepco US50065GAB77 A 10-15 103,215 1,354Ipic XS0558268628 AA 11-15 103,855 1,263Hsbc BkMdl East XS0551651739 A 10-15 103,500 1,251Ge Captal XS0856562797 A 11-16 100,020 1,244SabicCapital I XS0554434240 A 11-15 103,576 1,221WoolworthsLtd USQ98418AJ75 A 04-16 104,760 1,214IndBkKr Ny US45604HAB33 AA 10-15 100,315 1,213VolvoTreasury USW9880JNA34 BBB 04-15 106,944 1,204IngBank USN45780CR71 A 09-15 101,582 1,181Vw Credit XS0804777679 A 10-16 102,050 1,173Nrif XS0837730653 AA 10-17 98,413 1,153KoreaH& NPw USY4899GAQ65 A 09-15 103,788 1,141HyundaiCap USU44886AC06 BBB 10-15 100,934 1,143StandrdChartrd XS0627063091 A 05-16 105,280 1,121Eurofima XS0294358634 AA 04-17 113,220 1,114NlWaterschapsbk US63983UAD46 AAA 02-17 103,289 1,111AsianDev XS0533969415 AAA 08-17 104,428 1,07

fonte: Ufficio Studi su dati Thomson Reuters


scad. indic. effet.


scad. indic. effet.


bond bancari a cura di

IT0004952161 Veneto Bca 13-153.75% Fisso 3.75 55 07/10/2013 07/10/2015 Si BB — 3,78 1,87IT0004960909 BcaPiemonte 13-17 2%Step-Up Step-Up/Call 2,00/3,00 15 08/10/2013 08/10/2017 No — 2,45 3IT0004953284 BcaImi 13-19S&P Bric 40Linked IndexLinked S&PBric 40 80 09/10/2013 09/10/2019 Si BBB — — —IT0004953292 BcaImi 13-19Tv Variabile 466%Euribor 3m/Cap5% 35 09/10/2013 09/10/2019 Si BBB — 1,48 3,23IT0004961063 Credem13-17 2.70% Step-Up Step-Up 2,70/4,00 150 15/10/2013 15/10/2017 No BBB- — 3,28 3IT0004961089 Credem13-18 2.50% Step-Up Step-Up 2,50/5,00 200 15/10/2013 15/10/2018 No BBB- — 3,69 3,43IT0004961642 CredCoopRavennate Imolese 13-17 3% Fisso 3 13 15/10/2013 15/10/2017 No — 3,02 3IT0004960016 Intesa Sanpaolo13-18 Tv Variabile Euribor3m+2,10 500 16/10/2013 16/10/2018 Si BBB 285 2,34 2,67IT0004960024 Intesa Sanpaolo13-151.75% Fisso 1.75 130 16/10/2013 16/10/2015 Si BBB 285 1,75 1,87IT0004960040 Intesa Sanpaolo13-162.30% Fisso 2.3 180 16/10/2013 16/10/2016 Si BBB 285 2,3 2,54IT0004960057 Intesa Sanpaolo13-162.60% Fisso 2.6 150 16/10/2013 16/10/2016 Si BBB 285 2,6 2,54IT0004953821 BcaImi 13-19Tv Variabile Euribor3m 50 18/10/2013 18/10/2019 Si BBB — 0,54 3,23IT0004959760 UbiBca 13-15 2.10% Fisso 2.1 20 18/10/2013 18/10/2015 No BBB- 274 2,11 1,87IT0004961105 Intesa Sanpaolo13-194% (Tv) TassoMisto 4/Eurib.3m+1,5/Cap5%/Fl.2,5% 250 18/10/2013 18/10/2019 Si BBB 285 3,03 3,55IT0004963622 BcaCredPop TorreDel Greco13-16 2.5%Fisso 2.5 20 18/10/2013 18/04/2016 No — 2,51 2,06IT0004963648 Bca CredPop TorreDel Greco 13-17 3%Fisso 3 20 18/10/2013 18/10/2017 No — 3,02 3IT0004963655 BcaCr.PopT. Del Greco 13-182.5% Step-Up Step-Up 2,50/4,50 15 18/10/2013 18/10/2018 No — 2,5 3,43IT0004961154 Bim13-17 3.25% Fisso 3.25 50 21/10/2013 01/04/2017 Si — 3,27 2,85IT0004958051 Mediobanca13-23 4.50% (Tv) TassoMisto 4,5/Eurib.3m+1,7/Cap4,5%/Fl. 3% 20 30/10/2013 30/10/2023 Si BBB 200 3,37 4,45IT0004958069 Mediob.13-214% Step-Up EStoxx 50 Linked IndexLinked 4/4,5/EStoxx50/Cap 5,25%/Fl. 1% 20 30/10/2013 30/10/2021 Si BBB 200 1,86 —IT0004953151 BcaImi 13-193% (Tv) TassoMisto 3/Eurib.3m+1,5/Cap 4,5%/Fl.2,3% 300 31/10/2013 31/10/2019 No BBB — 2,57 3,55IT0004957020 BcaImi 13-194.55% Step-Down/UpStep-Down/Step-Up4,55/3,15/4,55 350 31/10/2013 31/10/2019 Si BBB — 3,62 3,55IT0004963630 UbiBca 13-18 1.50% Step-Up Step-Up 1,50/3,00 125 08/11/2013 08/11/2018 No BBB- 274 2,15 3,43IT0004963689 UbiBca 13-17 2% Step-Up Step-Up 2,00/3,00 40 08/11/2013 08/11/2017 No BBB- 274 2,51 3IT0004960149 CaRisp Bolzano 13-22 Zc ZeroCoupon 5.11 92 15/11/2013 15/11/2022 No Ba1 — 5,11 4,4

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% 101,85 2,89 2,89 1,0010IT0004821432 giu-16 3,55% 104,71 2,98 2,95 1,0037IT0004863608 ott-16 2,55% 101,68 3,23 3,17 1,0055IT0004917958 apr-17 2,25% 100,41 3,37 3,31 1,0055BTplegati all'inflazione europeaIT0004682107 set-16 2,10% 102,49 2,45 2,60 1,06299IT0004085210 set-17 2,10% 101,59 2,91 3,12 1,15402IT0004380546 set-19 2,35% 101,80 3,26 3,60 1,09918IT0004604671 set-21 2,10% 96,72 3,81 4,29 1,07577IT0004243512 set-23 2,60% 98,55 4,02 4,66 1,13363IT0004735152 set-26 3,10% 101,20 4,24 5,01 1,05302IT0003745541 set-35 2,35% 89,83 4,25 5,15 1,18701IT0004545890 set-41 2,55% 85,97 4,59 5,56 1,07882

BTpIT0004780380 nov-14 6,00% 105,32 1,13 71IT0004840788 lug-15 4,50% 104,87 1,70 118IT0004761950 set-16 4,75% 106,96 2,30 156IT0004867070 nov-17 3,50% 102,37 2,90 182IT0004361041 ago-18 4,50% 106,27 3,11 190IT0004489610 set-19 4,25% 104,59 3,41 194IT0004594930 set-20 4,00% 102,63 3,60 190IT0004695075 set-21 4,75% 106,20 3,87 205IT0004848831 nov-22 5,50% 109,76 4,24 230IT0004644735 mar-26 4,50% 101,22 4,42 199IT0003256820 feb-33 5,75% 110,95 4,93 235IT0003934657 feb-37 4,00% 90,10 4,76 184IT0004532559 set-40 5,00% 100,83 5,00 222

BTPREALI E NOMINALI A CONFRONTOtitolidistato inflationlinked a confronto coni piùtradizionali btp a tasso fisso.dati al03.10.2013isin 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

IT0004869985 Atlantia30-11-18 3.625% BBB 30-11-2012 30-11-2018 1859 104,120 2,75 -0,46 4,66 — 1,15 0,86 4,55FR0010014845 Giepsatresor st-336% 19-09-2003 19-09-2033 1750 93,510 * 6,59 1,67 11,84 25,77 4,08 1,33 12,19IT0004917842 Mediobancaap-23 5.75% subord BBB 18-04-2013 18-04-2023 1654 104,164 5,18 0,92 7,46 — 1,44 1,85 8,34IT0004794142 Enel20-02-18 4.875% BBB 20-02-2012 20-02-2018 1504 107,659 2,97 -0,01 3,95 8,07 0,83 1,43 4,41FR0011567940 Peugeot 18-01-19 6.5% 18-09-2013 18-01-2019 1366 103,960 * 5,59 2,34 4,66 — — 3,79 7,45XS0161100515 Telecomfinge-33 7.75% 24-01-2003 24-01-2033 1033 110,190 * 6,78 1,89 10,52 6,17 0,72 1,83 11,40IT0004576978 Enel26-02-16 3.5% BBB 26-02-2010 26-02-2016 993 103,591 1,94 -0,04 2,29 5,09 1,04 1,26 2,57IT0004645542 Mediobancanv-20 5%subord BBB 15-11-2010 15-11-2020 972 102,874 4,51 0,89 5,92 8,29 1,37 1,89 6,85IT0004849300 Intesaspaoloot-17 4.8% 03-10-2012 03-10-2017 794 106,120 * 3,14 0,28 3,73 7,73 0,56 1,79 4,52IT0001200390 Comit17-02-28 zc BBB 17-02-1998 17-02-2028 610 51,097 4,78 0,13 14,37 24,11 0,84 -1,65 11,74IT0004698426 Unicredit 31-03-18su subord 31-03-2011 31-03-2018 570 101,070 * 4,30 2,27 2,32 8,88 0,38 3,07 4,51XS0768457433 Palladium 15-05-19zc 15-05-2012 15-05-2019 556 75,250 * 5,20 1,86 5,61 6,97 7,07 2,95 7,56IT0004936289 Mittel12-07-196%call 12-07-2013 12-07-2019 514 103,143 5,43 2,04 4,91 — — 3,33 7,26IT0004842370 Ubi08-10-19 6%subord 08-10-2012 08-10-2019 503 104,578 4,77 1,90 3,50 — 1,15 3,31 5,85FR0011439975 Peugeot 06-03-187.375% 06-03-2013 06-03-2018 482 107,480 * 5,41 2,42 3,80 — 5,39 3,79 6,63IT0004799927 Unicredit 30-01-164% 30-03-2012 30-01-2016 474 102,620 * 2,83 0,89 2,23 7,63 0,99 2,17 3,41IT0004423114 Intesaspaolonv-15 6.25% subord 12-11-2008 12-11-2015 449 101,650 * 4,64 3,48 1,03 4,02 0,77 2,92 3,28IT0004764004 Unicredit 31-10-18 susubord 31-10-2011 31-10-2018 422 103,780 * 4,98 2,62 2,72 8,49 1,14 3,85 5,62IT0004777121 Unicredit 30-11-17 5% 30-11-2011 30-11-2017 422 105,080 * 3,65 0,74 3,71 7,81 1,53 2,15 4,90IT0004605074 Unicredit 31-05-20 susubord 31-05-2010 31-05-2020 421 100,540 * 4,34 1,28 4,25 15,78 1,13 2,66 5,93IT0004780562 Unicredit 31-01-19tf/su subord 23-12-2011 31-01-2019 398 107,040 * 5,26 2,76 2,94 9,31 1,48 4,06 6,04IT0004608797 Mediobancamg-204.5% BBB 14-05-2010 14-05-2020 390 103,578 3,87 0,33 5,78 8,13 1,84 1,43 6,23IT0004632862 Centrobancast-16 su 30-09-2010 30-09-2016 387 99,690 * 3,11 0,79 2,90 9,05 1,06 2,15 4,05IT0004618507 Crediop28-06-16 3.6% 28-06-2010 28-06-2016 368 99,078 3,95 1,78 2,62 19,25 1,78 3,11 4,74IT0004698178 Crediop07-03-16 4.85% 07-03-2011 07-03-2016 359 101,149 4,32 2,33 2,28 14,80 1,56 3,56 4,87IT0004568371 Centrobancafb-16 3.15% 26-02-2010 26-02-2016 349 100,280 * 3,02 1,04 2,30 8,41 1,11 2,31 3,63IT0004760655 Eni11-10-17 4.875% A 11-10-2011 11-10-2017 306 111,427 1,89 -0,98 3,60 6,02 0,57 0,50 3,14IT0004783046 Mediobancadc-17 zc BBB 12-12-2011 12-12-2017 278 87,894 3,13 0,21 4,18 8,11 1,77 1,57 4,75IT0004429590 Intesaspaolonv-15 5.87% subord 26-11-2008 26-11-2015 273 101,780 * 4,20 3,01 1,07 4,49 1,26 2,68 3,07IT0004771710 Mps30-11-17 su 30-11-2011 30-11-2017 264 104,965 4,43 1,52 3,67 6,50 0,71 2,89 5,61IT0004816663 Unicredit 31-01-164% 31-05-2012 31-01-2016 260 102,510 * 2,85 0,91 2,21 6,51 1,24 2,16 3,40IT0004615305 Unicredit 14-06-17 susubord 14-06-2010 14-06-2017 243 100,660 * 3,80 1,94 2,10 7,80 0,72 2,88 4,07IT0004871965 Intesaspaologe-19 su 18-01-2013 18-01-2019 232 100,960 * 3,69 0,44 4,80 — 1,76 1,72 5,55IT0004645963 Ubi05-11-17 4.3% subord 05-11-2010 05-11-2017 227 101,023 3,80 2,00 1,95 7,02 0,45 2,45 3,61IT0004772676 Unicredit 16-11-17 zc 16-11-2011 16-11-2017 226 88,090 * 3,13 0,23 4,11 11,62 1,68 1,60 4,71IT0004682545 Intesaspaolomz-17 su 03-03-2011 03-03-2017 225 103,600 * 2,94 0,39 3,19 5,98 0,61 1,78 3,99IT0000966017 Comit08-01-27 zc BBB 08-01-1997 08-01-2027 221 53,460 4,83 0,27 13,26 23,72 1,22 -1,05 11,23IT0004828171 Deutschebankst-22 zc 06-09-2012 06-09-2022 217 77,280 * 2,93 -1,26 8,92 — 0,23 -0,93 6,99FR0011568963 Renault19-09-18 3.625% call 19-09-2013 19-09-2018 215 100,580 * 3,49 0,34 4,62 — — 1,71 5,33IT0004898497 Intesaspaoloap-16 2.75% 10-04-2013 10-04-2016 210 99,880 * 2,79 0,74 2,43 — 0,74 2,04 3,48IT0004908841 Intesaspaolo15-05-19 su 15-05-2013 15-05-2019 207 98,230 * 3,81 0,47 5,17 — 2,32 1,68 5,86IT0004572878 Ubi23-02-17 3.1% subord 23-02-2010 23-02-2017 201 100,048 3,09 1,41 1,82 7,74 0,65 2,09 3,08IT0004416795 Intesaspaoloot-15 6.16% subord 29-10-2008 29-10-2015 199 101,990 * 4,17 3,03 1,00 4,30 1,21 2,57 2,91IT0004849318 Intesaspaoloot-17 4.8% 05-10-2012 05-10-2017 196 106,130 * 3,14 0,27 3,74 8,79 0,58 1,79 4,53FR0011233451 Peugeot 11-07-175.625% 11-04-2012 11-07-2017 192 104,630 * 4,26 1,52 3,46 12,47 3,82 2,97 5,44XS0567053763 Gbonds420-03-17 tf 21-02-2011 20-03-2017 191 97,750 * 4,24 1,67 3,29 3,24 -2,98 3,04 5,34XS0182242247 Finmeccanicadc-185.75% 12-12-2003 12-12-2018 177 108,390 * 3,92 0,70 4,46 6,97 2,48 2,04 5,55XS0213101073 Pemex24-02-255.5% 24-02-2005 24-02-2025 175 114,370 * 3,91 -0,50 8,70 6,33 3,47 — 7,73IT0004854094 Intesaspaolonv-17 4% 05-11-2012 05-11-2017 172 102,940 * 3,21 0,32 3,72 — 0,62 1,75 4,51IT0004763782 Unicredit 31-10-17 zc 31-10-2011 31-10-2017 169 88,320 * 3,10 0,21 4,07 12,51 1,06 1,58 4,65IT0001086658 S.Paoloimige-22 zc BBB 30-01-1997 30-01-2022 168 71,158 4,17 0,19 8,32 9,83 -0,29 0,60 7,93IT0004898273 Intesaspaolo10-04-19 su 10-04-2013 10-04-2019 162 99,730 * 3,76 0,45 5,05 — 2,12 1,68 5,75XS0551319964 Nordeabanknv-16 su 30-11-2010 30-11-2016 159 103,100 * 1,28 -1,13 3,03 2,87 0,69 0,23 2,28IT0004727274 Intesaspaololg-17 4.1% 04-07-2011 04-07-2017 150 103,520 * 3,08 0,35 3,52 5,17 0,57 1,81 4,34XS0207065110 Unicreditoge-20 4.375% 09-12-2004 29-01-2020 146 105,480 * 3,39 -0,11 5,52 8,82 2,95 1,06 5,61NL0009061357 Rbs08-10-16 4.3% A 08-10-2009 08-10-2016 143 107,339 1,79 -0,54 2,82 6,32 1,99 0,84 2,68IT0004775315 Deutschebankge-19 zc 24-01-2012 24-01-2019 143 88,990 * 2,22 -1,03 5,30 3,77 0,10 0,12 4,42IT0004842685 B.Imi12-09-17 5% 12-09-2012 12-09-2017 143 106,830 * 3,12 0,29 3,67 6,00 0,58 1,80 4,47IT0004826092 Unicredit 24-07-18 5.65% 24-07-2012 24-07-2018 141 107,520 * 3,90 0,79 4,31 7,70 1,18 2,20 5,53IT0004917867 Unicredit 15-07-20tf/su subord 15-05-2013 15-07-2020 141 99,160 * 4,35 1,25 4,40 — — 2,62 6,02IT0004723489 Ubi30-06-18 5.4% subord 30-06-2011 30-06-2018 136 103,003 4,25 2,08 2,52 7,63 1,62 3,12 4,71NL0009054907 Rbs20-04-19 5.5% A 20-04-2009 20-04-2019 136 112,883 2,98 -0,34 4,79 8,98 4,49 0,98 4,80IT0004909005 Intesaspaolomg-16 2.5% 15-05-2013 15-05-2016 135 99,110 * 2,85 0,75 2,53 — 0,76 2,06 3,60

datial 02.10.2013 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

IT0004825763 Mps06-08-16 4.45% 06-08-2012 06-08-2016 134 102,300 * 3,61 1,38 2,68 10,27 2,35 2,70 4,40IT0004849342 Intesaspaoloot-17 4.8% 04-10-2012 04-10-2017 132 106,130 * 3,14 0,28 3,74 8,78 0,58 1,78 4,52IT0004649924 Venetobh02-12-15 su 02-12-2010 02-12-2015 130 101,590 * 3,05 1,21 2,07 6,29 0,60 2,45 3,55IT0001205589 Mc.Lombardo fb-28 zc 18-02-1998 18-02-2028 129 50,848 4,82 0,17 14,38 25,84 2,03 -1,68 11,70IT0004808710 Intesaspaolomg-16 3.8% 04-05-2012 04-05-2016 120 103,000 * 2,57 0,48 2,47 4,91 0,71 1,80 3,28IT0004841273 Intesaspaoloag-17 5.15% 01-08-2012 01-08-2017 120 107,430 * 3,05 0,28 3,55 4,97 0,68 1,77 4,32NL0009483825 Rbs22-06-205% 22-06-2010 22-06-2020 119 110,389 3,29 -0,26 5,76 8,49 2,33 0,84 5,62IT0004806730 Unicredit 20-04-18su 20-04-2012 20-04-2018 119 104,060 * 3,70 0,67 4,14 8,05 2,07 2,08 5,23IT0004808421 Unicredit 21-05-185% 21-05-2012 21-05-2018 112 104,499 3,91 0,86 4,18 7,18 1,39 2,25 5,45XS0170343247 Enel12-06-184.75% 12-06-2003 12-06-2018 111 109,130 * 2,65 -0,42 4,27 7,80 1,53 0,97 4,25XS0554703834 Gbonds125-07-17 su 25-01-2011 25-07-2017 111 103,750 * 2,31 -0,45 3,60 5,61 2,61 0,98 3,60IT0004695018 Intesaspaolomz-17 su 31-03-2011 31-03-2017 107 103,910 * 2,96 0,37 3,26 5,14 0,61 1,78 4,06IT0004717333 Intesaspaolomg-17 su 31-05-2011 31-05-2017 106 104,060 * 3,03 0,35 3,42 5,13 0,58 1,78 4,22IT0004887870 Intesaspaolofb-16 2.2% 08-02-2013 08-02-2016 104 98,860 * 2,71 0,76 2,28 — 0,73 2,02 3,31XS0177089298 Enel29-09-235.25% 29-09-2003 29-09-2023 104 109,200 * 4,10 -0,19 8,11 8,61 2,67 0,66 7,77IT0004718489 Ubi16-06-18 5.5% subord 16-06-2011 16-06-2018 103 103,145 4,27 2,12 2,48 7,78 1,56 3,13 4,69XS0229567440 Ge19-09-35 4.125% subord 19-09-2005 19-09-2035 103 99,630 * 4,15 -0,75 14,82 12,42 0,87 -2,49 11,34IT0004940042 B.Imi07-08-16 2.7% 07-08-2013 07-08-2016 102 99,250 * 2,97 0,74 2,76 — — 2,09 3,85IT0004703952 Intesaspaolomg-17 su 03-05-2011 03-05-2017 100 103,860 * 3,00 0,36 3,35 5,12 0,59 1,78 4,15IT0004849276 Unicredit 28-09-164.25% 28-09-2012 28-09-2016 99 103,580 * 3,02 0,71 2,81 7,36 1,57 2,06 3,89IT0004787476 Unicredit 16-03-186.1% 16-03-2012 16-03-2018 97 108,880 3,87 0,87 3,93 8,85 1,22 2,31 5,26XS0522807964 Creditsuisse09-08-18 su 09-08-2010 09-08-2018 93 105,310 * 1,69 -0,82 3,22 5,10 0,69 0,58 2,81XS0626808496 Ge.Eurfundgn-17 3.625% A 15-06-2011 15-06-2017 92 107,871 1,42 -1,28 3,49 4,29 0,73 0,15 2,66IT0004887896 Intesaspaolofb-19 su 08-02-2013 08-02-2019 92 97,930 * 3,75 0,48 4,93 — 1,89 1,73 5,68IT0004842339 Bp.Vicenzaag-17 5%call 24-08-2012 24-08-2017 90 102,190 * 4,37 1,57 3,61 8,43 1,20 3,04 5,66IT0004649916 Venetobh02-12-15 3.4% 02-12-2010 02-12-2015 88 100,830 * 3,02 1,18 2,07 6,20 0,69 2,42 3,51IT0004781073 Bp.Vicenzadc-188.5% subord 28-12-2011 28-12-2018 87 107,780 * 5,73 3,28 2,78 10,55 1,55 4,48 6,32IT0004747330 Unicredit 19-08-18su subord 19-08-2011 19-08-2018 85 101,820 * 4,44 2,19 2,71 10,10 1,32 3,43 5,16IT0004842701 B.Imi11-09-17 5% 11-09-2012 11-09-2017 84 106,830 * 3,12 0,29 3,66 5,02 0,57 1,80 4,46XS0559644322 Rbs25-02-16 sucall 25-02-2011 25-02-2016 83 101,260 * 2,76 0,78 2,29 2,43 0,43 2,06 3,38IT0004657471 Bp.Vicenzadc-174.6% subord 15-12-2010 15-12-2017 80 97,060 * 6,10 4,23 1,99 5,17 0,75 4,31 5,50XS0868102392 Palladium 14-12-18 zc 15-03-2013 14-12-2018 80 77,150 * 5,13 1,91 5,19 — -3,77 3,04 7,23IT0004891120 B.Desio18-02-17 su 18-02-2013 18-02-2017 79 99,270 * 3,18 0,65 3,23 — 0,54 2,05 4,29IT0004853641 Unicredit 31-10-17 su 31-10-2012 31-10-2017 78 103,780 * 3,14 0,25 3,76 — 3,21 1,72 4,50NL0009354505 Rbs22-02-16 4% 22-02-2010 22-02-2016 76 105,553 1,60 -0,37 2,27 7,32 1,49 0,92 2,21NL0009287614 Rbs11-12-194.6% A 11-12-2009 11-12-2019 75 106,975 3,39 -0,09 5,43 8,35 2,54 1,11 5,56XS0453676735 Rabobank30-10-15 2.68% 30-10-2009 30-10-2015 75 103,920 * 0,76 -1,03 1,99 2,09 0,12 0,24 1,25

datial 02.10.2013 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 ed Euromot, di emittenti bancari o corporate, a TassoFisso, StepUp, StepDown e Zerocoupon con vita residua di almeno due anni, con lotto minimo acquistabile non superiore a 10mila euro e con una quantitàtrattata media negli ultimi 10 giorni di almeno mille euro. Isin: Codice identificativo del prestito obbligazionario- Descrizione: Descrizione dell’emittente, delladata di scadenza e delle principali caratteristiche anagrafiche secondo la seguente legenda: su: step-up, sd: step-down, oc: one coupon, zc: zerocoupon, tf:tasso fisso, subord: obbligazioni subordinate per le quali i possessori sono soddisfatti successivamente agli altri creditori in caso di liquidazione dell’enteemittente, call: obbligazione con facoltà di rimborso anticipato da parte dell’emittente. Data Scadenza: è la data in cui viene rimborsata l’ultima quota dicapitale (normalmente l’unica) del titolo. Rating: Giudizio sull’affidabilità dell’emittente in merito al pagamento delle cedole e dei rimborsi previsti dal titolo.Quantità media trattata: è la quantità media giornaliera trattata sul mercato negli ultimi 10 giorni lavorativi. In migliaia di euro. Prezzo di listino: prezzo dichiusura sul mercato di quotazione del titolo (MOT o EuroMOT):per i titoli zerocoupon si intende tel-quel, cioè comprensivo della parte di interessi maturataalladata,altrimentisi intendesemprecorsosecco,cioènoncomprensivodelrateocedola. Rend.Lordo %: indicail rendimentoeffettivolordonell’ipotesicheiltitolo venga tenuto fino a scadenza eche tutti i flussi vengano reinvestitiallo stesso tasso. Duration Lorda: è la vita media finanziaria espressa in annie frazionid'anno: è il baricentro temporale dei flussi (cedole e rimborsi) futuri attualizzati. La duration rappresenta un indicatore di rischio: maggiore è la duration,maggioreèlarischiosità intesacomereattivitàdelprezzodeltitoloalvariaredelsuorendimento.Spread %:esprimeladifferenzadirendimentoeffettivolordodell’obbligazione rispetto ad un titolo di Stato Italiano di similare durata. Performance passate: Rappresenta il rendimento di periodo ottenuto nel caso diacquisto dell’obbligazione nel passato (un anno fa o tre mesi fa) e di vendita sul mercato alla data di riferimento e al prezzo di listino, ipotizzando il nonreinvestimento dei flussi incassati nel periodo. Performance tra 1 anno: Indica il rendimento di periodo che si otterrebbe in caso di acquisto dell’obbligazione,alladatadiriferimentoealprezzodi listino,edivenditadeltitolotraunanno,afrontediunoscenariodivariazionedeitassirispettivamentepositivoonegativodi50basis pointse nell’ipotesidi nonreinvestire glieventuali flussiche saranno incassatinel periodo:Rend +0.5%: performance prevista incaso di aumentodeitassidi interessedi 0.5%;Rend –0.5%: performanceprevista incasodi diminuzionedei tassi di interessedi 0.5%.


obbligazioni convertibili a cura di

B.ca Intermobiliare07/15 Sub 1,500 7,500 1,000 143 96,71 3,09 +0,43 -1,97 3,40 41,2 134,7BancaCarige 12/13Sub 1,500 2,187 1,143 350 113,80 0,49 -0,62 +1,72 13,35 22,2 412,2Banco Popolare 03/14 4,750 6,150 1,000 414 100,54 1,20 +0,13 -0,58 3,46 19,5 416,6Cogeme SET03/14 * 6,000 1,300 1,000 30 — 1,00 — — — 3,7 —Eukedos11/16 3,000 1,400 0,857 115 79,90 0,65 +0,52 -0,46 10,88 46,4 72,1Sias06/17 2,625 10,500 1,000 43 99,22 7,36 +0,23 -0,07 2,85 70,1 42,2(Noriskprestaoccasionalmenteeautonomamenteattivitàdi consulenzaafavoredegliemittentidegli strumenti finanziarioggettodi analisi)

LEGENDA*Titolosospeso.PrezzoConversione: il valore,determinatoall'emissioneed espressointerminidi valorenominaledell'obbligazione, alquale l'obbligazionepuòessereconvertita inun'azione.RapportoConversione:numero diazionidi compendionellequaliun'obbligazioneèconvertibile.Distanzastrike:rapporto traprezzoconversioneequello dell'azionesottostante.Rendimento ascadenza:"yieldto worst"ovvero ilminimorendimentoottenibilenelcaso incui l'emittentenonfallisca,calcolatotenuto contodel peggiorescenario possibile inbasealle condizionidel prestito(e.g. clausoledirimborsoanticipato,opzioni sullecedole). Parità:valoredellaconversione,espresso intermini %sulnominale,qualora l'obbligazione fosseconvertitanell'azionesottostanteal prezzocorrente dimercato, tenutoconto delrapportodi conversione.PremioConversione:differenzatra ilprezzodell'obbligazionee lasuaparità,espressa intermini%sulla parità. Indica ladistanza dallacondizionediconversione: unpremiopiùelevato implicaunamaggiore prevalenzadellacomponenteobbligazionaria,mentre unpremiopiùcontenutounamaggioreprevalenzadella componenteopzionale.CARATTERISTICHE DELLE OBBLIGAZIONIB.Pop. Etruria Lazio 06/16 Sub: subordinata,cedolaannuale, convertibilesu richiestadell’obbligazionistasinoal 5giorno lavorativoprecedente lascadenza(24/6/2016).L’emittente eserciterà l’opzionedi rimborsoanticipato inequity il28/12/2012. Bim 07/15: subordinata,cedolaannua, facoltàdi rimborsoanticipatoCALLdecorsi 18mesidall’emissione(dal29/01/07). Inizioperiodo convertibilità01/01/07;fine periodoconvertibilità31/03/15. Banca Carige1,5%12/13: subordinata, inizioperiodoconvertibilità01/01/06, fineconvertibilità31/10/13.L’emittente halafacoltàdi noneffettuare ilpagamentodegliinteressiqualoranonsiano rispettati i requisitiprevisti dalle Istruzioni diVigilanzadella Bancad’Italia equaloranonsiastatadeliberata ladistribuzione deidividendi. Il rimborsodelcapitale ascadenza,alpremiodi 116,èsubordinato alpreventivo consensodellaBanca d’Italianel rispetto deirequisitipatrimonialiprevisti.Banco Popolare03/14: cedolaannua,convertibilidal 26/09/2011,dirittodiriscatto totaleo parzialedecorsi18 mesidall’emissione(26/09/2011)conpagamentoincontantie/o azioniedunpremiodel10% sulnominale.Bper 12/12 Sub: subordinata, facoltàdirimborsoanticipato CALLdal04/12/08 al31/12/12, conpreavvisodi 30giorni. Convertibilitàdal01/07/09al31/12/12.CapeLive 07/14: emittenteinconcordatopreventivo. L’obbligazioneverràrimborsata in funzionedell’esitodiunaumento dicapitale incorso. Incasodiesitosfavorevole dell’aumentodicapitale ilbondverràforzosamenteconvertito inazioni(12azioniogniobbligazione)od unrimborsomisto(azioni/contante).Cogeme SET 03/14: società in liquidazionee concordatopreventivo. Rimborso in funzionedell’esitodella procedura.Eukedos11/16:cedola annua, rimborsabile inanticiposu richiestadegli obbligazionisti incasidi inadempienze dell’emittente, rimborsabile inanticipodapartedell’emittentese ilnominale incircolazione risulta inferiorea5 mln€. Sopaf 12/15 *:domandadirimborsoanticipato in funzionedella proceduradiliquidazionedella società.Sias06/17: inizio periodoconvertibilità01/07/10; fineperiodoconvertibilità31/05/17. Ubi Banca 20135,75%: facoltàdirimborsoanticipatoCALLadognidata pagamentocedole,conpreavviso dialmeno 23giorni,dal 10/01/11al 10/07/13.L’emittente hafacoltàdi effettuare ilrimborso inazioni,contanti o azionie contanti.Convertibilitàdal 10/01/11al03/07/13.

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


obbligazioni subordinate a cura di

LOWERTIER IIXS0185490934 Citigroup 4,750 10.02.2019 EUR Baa3 BBB+ BBB+ 98,88 7,850 3,170 41680 3MEuribor+140 BP 1XS0433028254 HSBC 6,000 10.06.2019 EUR A3 A- A+ 116,04 — 2,900 — 50XS0452166324 IntesaSanpaolo 5,000 23.09.2019 EUR Ba1 BBB- BBB 101,95 — 4,620 — 50XS0497179035 Nordea Bank 4,500 26.03.2020 EUR Baa1 A A+ 108,98 — 2,940 — 50XS0611398008 Barclays 6,625 30.03.2022 EUR Baa3 BBB A- 115,46 — 4,386 — 50XS0954910146 Rabobank 3,875 25.07.2023 EUR A2 A AA- 99,13 — 3,970 — 100XS0366066149 Ing 6,125 29.05.2023 EUR Baa2 BBB+ A- 111,18 3,466 4,410 43249 3MEuribor+255BP 50XS0213026197 Citigroup 4,250 25.02.2030 EUR Baa3 BBB+ BBB+ 98,00 4,470 4,570 45713 3MEuribor+138BP 1XS0802638642 Generali 10,125 10.07.2042 EUR Baa3 BBB BBB- 123,14 6,560 8,990 44752 3MEuribor+918.1 BP 100DE000A1RE1Q3 Allianz 5,625 17.10.2042 EUR A2 A+ A 110,57 4,192 6,180 44851 3MEuribor+500BP 100TIERIXS0221011454 HannoverRe 5,000 Perpetual EUR — A A- 104,50 3,550 5,420 42156 3MEuribor+268BP 1XS0542298012 Rwe 4,625 Perpetual EUR Baa3 BBB- BBB- 102,00 3,687 5,340 42275 5YRMid Swap+265BP 1FR0010289496 Vinci 6,250 Perpetual EUR Baa3 BBB- BBB- 106,02 3,000 6,270 42321 3MEuribor+375 BP 50XS0234434222 Henkel 5,375 Perpetual EUR Baa1 BBB BBB+ 106,30 2,150 5,410 42333 3MEuribor+285BP 1XS0253627136 SwissReinsurance 5,252 Perpetual EUR Baa1 A — 103,38 3,967 4,930 25.05.2016 6MEuribor+209 BP 50XS0254808214 Solvay 6,375 Perpetual EUR Baa3 BBB- BBB 107,50 3,359 5,940 42523 3MEuribor+335 BP 1XS0674277933 EnBW 7,375 Perpetual EUR Baa2 BBB- BBB 109,90 4,210 7,630 42827 5YRMid Swap+540.1BP 1XS0484213268 Tennet 6,655 Perpetual EUR Baa3 BBB — 108,79 6,630 6,623 42887 5YRMid Swap+360BP 50XS0283629946 Generali 5,479 Perpetual EUR Ba1 BBB- BBB- 95,00 6,669 5,440 02.08.2017 3MEuribor+214BP 50FR0010814434 CreditAgricole 7,875 Perpetual EUR Ba2 BBB- BBB- 112,00 5,530 8,130 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 — — — — —AcomeAItalia A1 mmmmm 9,25 19,67 15,74 -1,25 -3,41AcomeAItalia A2 mmmmm 9,35 20,52 15,74 — —AllianzAz. Ita.All Stars mmmmm 7,57 20,88 18,86 2,25 1,65AnimaGeo Italia A mmmmm 7,23 21,38 19,99 3,30 0,98AnimaGeo Italia Y mmmmm 7,36 23,22 19,99 4,81 2,33ANM Anima ItaliaA mmmmm 7,10 21,43 19,99 1,26 -0,51ANM Anima ItaliaF mmmmm 7,25 — — — —ArcaAzioni Italia mmmmm 7,58 21,83 20,92 2,81 0,50Bnl Azioni Italia mmmmm 6,56 18,67 19,73 0,05 -1,06CarigeAzionario Italia A mmmmm 7,58 20,34 13,15 1,88 0,31EurizonAz.Italia mmmmm 7,91 19,33 20,51 1,26 -0,56EurizonAz.PMIItalia mmmmm 4,77 33,33 34,06 1,54 0,76Euromob.Azioni Italiane mmmmm 6,76 18,16 19,05 1,96 -0,24Fideuram Italia mmmmm 7,48 27,72 20,99 5,32 3,05FonderselP.M.I. mmmmm 6,72 36,68 26,81 5,37 4,88Fonditalia Eq. ItalyR mmmmm 7,50 25,93 — 4,35 2,19Fonditalia Eq. ItalyT mmmmm 7,56 26,75 — 5,01 —GestnordAz.Italia A mmmmm 7,24 21,69 19,97 4,35 1,04GestnordAz.Italia CY mmmmm — — — — —Interf.Equity Italy mmmmm 7,54 24,74 — 3,85 2,02PioneerAz. Crescita A mmmmm 7,09 17,98 22,96 0,83 -2,04PioneerAz. Crescita B mmmmm 7,06 17,69 — — —Symp. Selez. Italia mmmmm 7,64 27,13 24,28 4,08 1,10SynergiaAz. Italia mmmmm 7,61 22,99 19,93 2,55 —SynergiaAz.Sm.CapIt. mmmmm 5,58 32,46 32,13 3,48 —UBIPra. Azioni Italia mmmmm 7,10 23,55 19,99 3,83 0,87ZenitMc Pianeta ItCl.I mmmmm 6,82 29,20 — 7,78 3,28ZenitMc Pianeta ItCl.R mmmmm 6,74 28,27 17,07 6,85 2,45comit 2,99 15,15 — -2,76 -4,93

area euro 6,46 20,12 — 5,59 2,858a+Eiger mmmmm 8,11 16,48 20,78 6,24 6,98Agora Equity mmmmm 8,54 19,03 27,48 -1,72 0,90Alto Azionario mmmmm 4,87 17,67 19,51 3,98 -0,78BancoPosta Azion. Euro mmmmm 6,19 20,82 22,00 9,01 5,55EpsilonQEquity mmmmm 7,33 20,08 19,42 5,56 2,75EurizonAz.AreaEuro mmmmm 6,98 19,57 21,82 3,89 1,96Symp. Azionario Euro mmmmm 7,58 25,72 18,76 3,40 2,42UBIPra. Azionario EticoE mmmmm 5,89 18,24 23,19 3,82 2,64UBIPra. Azioni Euro mmmmm 6,22 20,58 21,42 7,69 4,84msci euro 7,78 21,27 — 7,30 3,72

europa 5,25 17,22 — 7,55 5,64AcomeAEuropa A1 mmmmm 10,28 28,35 19,68 3,80 2,44AcomeAEuropa A2 mmmmm 10,06 29,40 19,68 — —AllianzAzioniEuropa mmmmm 4,39 14,49 16,42 9,76 8,13AllianzMultiEuropa# mmmmm 4,00 17,64 15,48 5,68 3,80AmundiEurope Equity# mmmmm 3,14 13,69 15,45 6,65 5,90AnimaGeo Euro Pmi A mmmmm 5,61 26,72 27,61 12,10 11,46AnimaGeo Euro Pmi Y mmmmm 5,74 28,62 27,61 13,72 13,00AnimaGeo Europa A mmmmm 5,92 18,67 16,40 9,37 7,47AnimaGeo Europa Y mmmmm 6,06 20,44 16,40 10,94 8,97ANM Anima EuropaA mmmmm 5,84 19,91 17,12 6,49 4,44ANM Anima EuropaF mmmmm 5,94 — — — —ANM Anima IniziativaEu A mmmmm 5,59 26,41 27,61 8,33 7,09ANM Anima IniziativaEu F mmmmm 5,68 — — — —ArcaAzioniEuropa mmmmm 4,64 14,50 16,40 7,48 4,71Bnl AzioniEuro Crescita mmmmm 4,28 19,00 17,24 11,21 8,64Bnl AzioniEuropa Div mmmmm 4,24 10,95 16,75 7,77 4,59CarigeAzionario Europa A mmmmm 5,05 15,63 16,16 6,70 4,20ConsultinvestAzione mmmmm 6,37 14,00 — 4,50 2,41EpsilonQValue mmmmm 5,05 15,60 14,88 7,46 4,79EurizonAz.Europa mmmmm 5,05 16,00 16,41 5,59 4,42EurizonAz.PMIEuropa mmmmm 5,15 18,21 21,75 8,01 9,64

Euromob.EuropeE. F. mmmmm 6,41 14,16 15,62 2,70 0,67FMS- Equity Europe# mmmmm 4,29 18,60 17,24 9,29 6,59FonderselEuropa mmmmm 5,83 15,54 17,24 7,36 4,99Fonditalia Eq.EuropeR mmmmm 5,66 16,21 — 7,15 4,12Fonditalia Eq.EuropeT mmmmm 5,72 16,95 — 7,83 —GestnordAz.Europa A mmmmm 5,44 17,45 17,31 8,29 5,63GestnordAz.Europa CY mmmmm — — — — —Interf.Equity Europe mmmmm 5,59 23,71 — 7,25 4,33InvestitoriEuropa mmmmm 5,23 14,77 14,80 6,38 4,05MalatestaAzionario Eu mmmmm 5,36 16,87 17,24 6,34 6,07PioneerAz ValEu Dis A mmmmm 4,93 14,98 17,24 8,30 5,55PioneerAz ValEu Dis B mmmmm 4,78 15,04 — — —PioneerAz. EuropaA mmmmm 4,21 12,74 17,24 4,82 2,67PioneerAz. EuropaB mmmmm 4,15 12,44 — — —RasLux Equity Europe mmmmm — — — — —SynergiaAz.Europa mmmmm 4,57 14,28 11,80 1,69 —UbiPra. Az.Europa mmmmm 4,82 15,75 17,31 5,23 6,41msci europe 5,17 17,24 — 9,38 6,83

america 1,48 11,04 — 12,16 7,67AcomeAAmerica A1 mmmmm 1,02 15,03 18,73 11,34 6,52AcomeAAmerica A2 mmmmm 1,12 16,05 18,73 — —AllianzAzioniAmerica mmmmm 0,97 6,44 13,10 9,28 6,29Alto AmericaAz. mmmmm 0,85 8,15 10,41 11,16 7,58AnimaGeo America A mmmmm 0,83 7,95 13,67 11,61 n.s.AnimaGeo America Y mmmmm 0,96 9,48 13,67 13,21 n.s.ANM Anima AmericaA mmmmm 0,94 8,05 13,67 12,71 8,76ANM Anima AmericaF mmmmm 1,06 — — — —ArcaAzioniAmerica mmmmm 1,24 10,09 12,28 12,64 8,01BnlAzioniAmerica mmmmm 3,41 15,57 14,48 13,34 8,90EurizonAz.America mmmmm 1,44 12,08 12,28 13,12 8,24EurizonAz.PMIAmer. mmmmm 5,05 22,75 23,96 14,80 10,63FMS- Equity Usa# mmmmm 2,14 13,25 14,35 12,98 8,12FonderselAmerica# mmmmm 1,09 14,13 14,35 10,70 8,41Fondit.Eq.Usa BlueCh R mmmmm 0,85 10,79 — 10,73 5,73Fondit.Eq.Usa BlueCh T mmmmm 0,91 11,50 — 11,43 —GestnordAz.AmericaA mmmmm 1,24 11,57 13,76 11,31 6,30GestnordAz.AmericaCY mmmmm — — — — —Interf.Eq. USAH mmmmm 4,63 21,22 — 13,56 8,13Interf.Eq.USA mmmmm 2,05 16,13 — 15,62 10,76Interf.Equity Usa Adv mmmmm 3,87 14,87 — 7,59 5,30InvestitoriAmerica mmmmm 0,53 10,33 11,87 13,49 8,57PioneerAz. Am. A mmmmm 1,86 11,79 12,87 12,89 7,41PioneerAz. Am. B mmmmm 1,87 11,87 — — —Symp. Azionario Usa mmmmm 2,21 19,56 13,68 11,52 9,21SynergiaAzionario Usa mmmmm 0,74 14,12 9,69 8,77 —UBIPra. Azioni Usa mmmmm 2,30 14,74 13,77 12,45 8,72msci northamerica 1,51 12,87 — 15,32 10,05

pacifico 3,71 8,85 — 3,76 4,62AcomeAAsia Pac. A2 mmmmm 4,38 38,38 29,17 — —AcomeAAsia Pacifico A1 mmmmm 4,30 37,30 29,17 7,15 5,06AllianzAzioniPacifico mmmmm 4,72 9,30 10,84 3,50 4,06Alto PacificoAz. mmmmm 3,70 13,46 11,43 3,06 5,82AnimaGeo Asia A# mmmmm 4,16 8,39 10,81 3,30 n.s.AnimaGeo Asia Y# mmmmm 4,30 10,01 10,81 4,80 7,29ANM Anima PacificoA mmmmm 4,01 9,44 10,81 5,11 6,55ANM Anima PacificoF mmmmm 3,81 — — — —ArcaAzioniFar East mmmmm 3,88 9,57 11,95 6,06 4,98EurizonAz.Asia Nuove Eco. mmmmm 2,49 -1,41 1,09 0,15 7,17EurizonAz.Pacifico mmmmm 3,91 9,88 12,04 3,37 4,35FMS- Equity Asia# mmmmm 5,37 16,97 18,45 5,49 5,84FonderselOriente# mmmmm 3,15 -3,41 2,71 0,41 7,36FonditEq Pacifex JapanR mmmmm 3,93 1,26 — -0,77 5,81FonditEq Pacifex JapanT mmmmm 3,98 1,90 — -0,15 —Fonditalia Eq.JapanR mmmmm 5,08 23,80 — 7,09 4,14

datial 01.10.2013 ratingcfs var.% var.% var.% rend. rend.fondo a a 1anno 3 5

1mese 1anno bench. anni anni




fondi comuni a confronto

Fonditalia Eq.JapanT mmmmm 5,10 24,54 — 7,74 —GestnordAz.Pacifico A mmmmm 4,23 7,95 10,78 3,71 5,59GestnordAz.Pacifico CY mmmmm — — — — —Interf.Eq. JapanH mmmmm 7,91 57,63 — 12,86 1,97Interf.Eq. Pacif. exJapan mmmmm 4,49 4,80 — 3,44 8,38Interf.Eq. Pacif. exJapan H mmmmm 3,22 14,76 — 1,70 4,03Interf.Equity Japan mmmmm 5,30 22,12 — 7,38 4,58InvestitoriFar East mmmmm 4,28 15,47 15,88 5,93 4,86PioneerAz. Area PacifA mmmmm 4,31 7,79 11,31 0,81 -0,45PioneerAz. Area PacifB mmmmm 4,37 7,61 — — —UBIPra. Azioni Pacifico mmmmm 3,87 12,36 12,02 6,84 6,82msci pacific free 5,17 18,45 — 8,81 7,61

paesiemergenti 4,16 -4,51 — -1,98 4,61AcomeAPaesi Em. A1 mmmmm 3,62 7,44 -3,47 0,69 5,99AcomeAPaesi Em. A2 mmmmm 3,74 8,34 -3,47 — —AllianzAzPaesi Emer mmmmm 3,39 -0,99 -2,78 0,34 4,92AmundiGlobal Emerg.Eq# mmmmm 3,83 -5,18 -2,69 -0,98 5,56AnimaGeo PaesiEm. A# mmmmm 3,91 -6,31 -2,81 -3,46 n.s.AnimaGeo PaesiEm. Y# mmmmm 4,03 -4,90 -2,81 -2,06 4,10ANM Anima EmergentiA mmmmm 3,70 -5,66 -2,68 -2,52 7,49ANM Anima EmergentiF mmmmm 3,78 — — — —ArcaAzioniPaesi Emerg. mmmmm 4,21 -4,85 -2,80 -2,01 4,60Bnl AzioniEmerg. mmmmm 6,11 -5,11 -3,04 -2,38 4,02EurizonAz.PaesiEmer mmmmm 3,75 -4,62 -2,80 -3,00 4,41FMS- Equity GlEm Mkt# mmmmm 5,18 -4,59 -3,03 -1,98 5,47FMS- Equity NewWorld# mmmmm 5,07 -7,81 -4,14 -5,65 7,52FonditEq Glb EmMkt R mmmmm 5,50 -3,08 — -0,40 6,27FonditEq Glb EmMkt T mmmmm 5,57 -2,36 — 0,30 —GestnordAz.PaesiEm A mmmmm 4,77 -5,11 -2,83 -2,24 5,13GestnordAz.PaesiEm CY mmmmm — — — — —Interf.Eq. GlbEm Mkt mmmmm 5,45 -3,09 — -3,41 2,88PioneerAz. PaesiEm. A mmmmm 3,80 -7,44 -3,03 -4,38 1,75PioneerAz. PaesiEm. B mmmmm 3,79 -7,67 — — —Symp. MultEmerFle# mmmmm 3,63 -5,86 — -1,82 5,06UBIPra. Az. Merc. Emerg. mmmmm 4,86 -3,38 -2,82 0,13 6,55msci emerging markets f. 4,77 -3,03 — 0,18 8,18

paese — — — — —FoiEqBrazil R mmmmm 12,25 -12,43 — — —FoiEqBrazil T mmmmm 12,33 -11,82 — — —FoiEqChina R mmmmm 2,73 7,76 — — —FoiEqChina T mmmmm 2,79 8,42 — — —FoiEqIndia R mmmmm 8,80 -18,46 — — —FoiEqIndia T mmmmm 8,81 -17,91 — — —msci world 3,02 14,79 — 12,50 8,69

internazionali 2,94 14,36 — 8,56 5,87AcomeAGlobale A1 mmmmm 4,94 25,06 21,11 8,48 4,27AcomeAGlobale A2 mmmmm 4,95 26,06 21,11 — —AllianzMulti90# mmmmm 2,52 11,92 13,28 7,67 5,04Alto InternazionaleAz. mmmmm 0,83 5,31 10,88 5,84 3,71AmundiGlobal Equity# mmmmm 2,00 9,84 11,21 6,65 6,13Anfiteatro GlobalEquity mmmmm — — — — —AnimaGeo Globale A mmmmm 2,96 20,58 14,07 11,59 9,60AnimaGeo Globale Y mmmmm 3,10 22,39 14,07 13,22 11,15ANM Anima ValoreGlob. A mmmmm 3,12 20,16 14,07 11,10 7,79ANM Anima ValoreGlob. F mmmmm 3,05 — — — —Arca27 az. estere mmmmm 2,98 11,34 14,07 10,12 6,25BancoPostaAz. Internaz. mmmmm 2,60 12,58 14,30 11,17 8,40Capital Italia mmmmm 3,10 13,23 — 9,86 6,28CarigeAzionario Intern A mmmmm 2,82 7,81 11,44 9,57 8,70ConsultinvestGlobal mmmmm 5,06 12,80 — 4,10 3,70EsseStock cl.A mmmmm 2,58 12,23 — — —EssoStock cl. B mmmmm 2,65 12,67 — — —EticaAzionario IEY mmmmm 2,71 21,58 — — —

EticaazionarioE mmmmm 2,66 20,58 — 9,17 9,57EurizonAz.Internazionali mmmmm 3,29 15,20 14,09 9,43 5,80Euromob.Az. Internaz. mmmmm 1,68 9,04 13,41 5,47 6,42Fonditalia GlobalR mmmmm 2,55 9,51 — 8,56 5,71Fonditalia GlobalT mmmmm 2,61 10,21 — 9,24 —GestnordAzTrend Set mmmmm 2,60 10,05 14,04 7,88 4,34PioneerCIM GlobalEquity mmmmm 2,87 12,12 — 9,54 5,68SoprarnoAzioni Glob A mmmmm 4,94 34,36 29,48 12,74 8,14SoprarnoAzioni Glob BY mmmmm 4,97 35,24 — 13,42 8,60Star CollAz.Inter.A# mmmmm 3,20 — — — —Star CollAz.Inter.CY# mmmmm — — — — —SynergiaAz.Globale mmmmm 2,77 15,15 14,78 3,14 —Talento GlobalEquity# mmmmm 2,71 8,90 14,79 n.s. n.s.UBIPra. Azioni Globali mmmmm 2,96 12,83 14,06 10,74 6,96UBIPra. Privilege 5# mmmmm 3,52 15,92 15,81 6,59 2,53ZenitMc MegatrendCl.I mmmmm 3,82 16,35 — — —ZenitMc MegatrendCl.R mmmmm 3,70 14,63 19,57 1,63 2,85msci world 3,02 14,79 — 12,50 8,69

energia-materieprime — — — — —EurizonAz.EnMatPrime mmmmm 2,30 3,07 1,49 3,31 2,74msci 50%energy&50%materials 1,75 0,42 — 5,86 5,59

salute — — — — —EurizonAzioniSalute mmmmm 1,36 16,73 19,79 12,27 8,36msci health care 1,95 20,25 — 19,42 12,62

finanza — — — — —EurizonAz.Finanza mmmmm 3,84 21,07 21,12 8,13 1,32Fonditalia Eu Financials R mmmmm 7,97 30,57 — 1,63 -4,42Fonditalia Eu Financials T mmmmm 8,04 31,57 — 2,40 —msci financials 3,66 22,24 — 10,35 2,85

informatica — — — — —EurizonAz.Tecn.Avanz mmmmm 2,05 6,68 6,92 8,57 6,75msci inform.technology 2,70 7,26 — 12,96 11,39

altrisettori — — — — —FMS- Eq.Glob.Resources# mmmmm -1,58 -8,70 -3,82 -2,21 0,00Fonditalia Eu Cyclicals R mmmmm 6,77 24,61 — 8,08 8,62Fonditalia Eu Cyclicals T mmmmm 6,84 25,52 — 8,85 —Fonditalia Eu Defensive R mmmmm 5,09 14,42 — 6,12 4,28Fonditalia Eu Defensive T mmmmm 5,16 15,27 — 6,89 —Fonditalia FlexEm. MktsT mmmmm 2,08 2,32 — 1,69 —Fonditalia FlexEm.Mkts R mmmmm 2,02 1,70 — 1,14 2,05Fonditalia GlobIncome R mmmmm 0,89 3,35 — -3,88 -1,03Fonditalia GlobIncome T mmmmm 0,92 4,04 — -3,21 —Inter.Int.Sec.NewEc mmmmm 3,72 13,15 — 13,75 10,50msci world 3,02 14,79 — 12,50 8,69

altrespecializzazioni — — — — —EurizonAz.Int. EticoE mmmmm 3,50 15,99 15,69 9,21 5,65FonditEq.Gl.High Div. S mmmmm 2,60 — — — —msci world 3,02 14,79 — 12,50 8,69

bilanciatibil.azionari — — — — —AnimaForza 5 A# mmmmm 2,06 9,26 8,83 6,64 n.s.AnimaForza 5 B# mmmmm 2,06 9,21 8,83 6,62 —AnimaForza 5 Y# mmmmm 2,14 10,22 8,83 7,56 5,85ANM Anima Cap.Più70 F# mmmmm 1,64 n.s. — n.s. n.s.ANM Anima Cap.Più70 N# mmmmm 1,51 n.s. — n.s. n.s.ANM Anima CapiPiù 70 A# mmmmm 1,52 n.s. 14,59 n.s. n.s.Fonditalia Core3 R mmmmm 2,56 7,34 — 3,26 4,04Fonditalia Core3 T mmmmm 2,62 8,02 — 3,90 —IGMFdF Bilanciato Az. Cl.A# mmmmm 3,71 9,81 — 6,57 2,35







IGMFdF Bilanciato Az. Cl.B# mmmmm 3,77 10,58 — 7,31 3,04UBIPra. Port. Aggressivo mmmmm 3,62 11,78 14,01 6,13 5,18UBIPra. Privilege 4# mmmmm 2,89 12,72 13,08 5,57 2,8970%msciworld&30%jpm emu 2,40 11,69 — 9,93 7,65

bilanciati 2,17 7,41 — 4,59 3,76AllianzMulti50# mmmmm 1,58 6,36 9,55 4,78 4,42Alto Bilanciato mmmmm 0,16 -1,40 2,16 2,15 2,59AnimaForza 4 A# mmmmm 1,86 8,60 8,34 6,28 n.s.AnimaForza 4 B# mmmmm 1,86 8,58 8,34 6,26 —AnimaForza 4 Y# mmmmm 1,92 9,33 8,34 6,99 5,86ArcaBB mmmmm 3,15 10,15 11,12 5,63 4,23BancoPostaMix 2 mmmmm 1,73 6,15 7,36 5,17 4,92CarigeBilanciato 50 A mmmmm 4,18 12,16 13,29 4,61 4,29ConsultinvestBilanciato mmmmm 4,74 9,59 — 2,98 3,09EticaBilanciato IEY mmmmm 1,87 13,37 — — —EticabilanciatoE mmmmm 1,78 12,36 — 6,88 8,05EurizonBil.Euro Multi.# mmmmm 2,18 10,05 10,75 4,85 4,59EurizonSoluzione 40 mmmmm 1,38 6,27 7,34 4,56 3,94EurizonSoluzione 60 mmmmm 1,78 7,75 8,77 5,21 3,72Euromob.Bilanciato mmmmm 2,96 7,57 10,45 4,95 3,53Fideuram Bilanciato mmmmm 2,44 8,78 10,98 4,47 n.s.Fondersel mmmmm 1,23 6,92 4,67 3,51 3,59Fonditalia Core2 R mmmmm 2,11 5,61 — 2,97 3,32Fonditalia Core2 T mmmmm 2,16 6,23 — 3,57 —GestnordBil.Euro A mmmmm 3,66 10,39 13,36 2,10 2,47GestnordBil.Euro CY mmmmm — — — — —Nextam Part.Bilanciato mmmmm 2,03 6,47 — 1,02 3,00Star CollBil.PaesiEmA# mmmmm 2,27 — — — —Star CollBil.PaesiEmCY# mmmmm — — — — —SynergiaBilanciato 50 mmmmm 2,95 8,99 8,16 3,25 —UBIPra. Port. Dinamico mmmmm 2,24 5,34 7,23 4,16 4,62UBIPra. Privilege 3# mmmmm 1,90 8,71 8,20 4,69 3,4950%msciworld&50%jpm emu 1,99 9,62 — 8,14 6,93

bil.obbligazionari 1,85 4,34 — 2,83 3,20AllianzMulti20# mmmmm 1,07 3,96 6,39 3,44 4,40Alpi Bilanciato mmmmm 1,53 4,36 — n.s. n.s.AnimaForza 3 A# mmmmm 0,80 4,47 5,19 3,73 n.s.AnimaForza 3 B# mmmmm 0,80 4,47 5,19 3,73 —AnimaForza 3 Y# mmmmm 0,84 5,09 5,19 4,30 4,66ANM Anima Cap.Più30 N# mmmmm 1,26 — — — —ANM Anima Cap.Più15A# mmmmm 0,76 5,43 5,49 2,07 3,23ANM Anima Cap.Più15F# mmmmm 0,85 — — — —ANM Anima Cap.Più30 A# mmmmm 1,28 8,24 8,25 2,47 3,36ANM Anima Cap.Più30 F# mmmmm 1,38 — — — —ANM Anima VisconteoA mmmmm 2,14 6,64 6,16 3,46 4,69ANM Anima VisconteoF mmmmm 2,19 — — — —ArcaTE mmmmm 1,61 0,79 2,69 4,71 4,55CarigeBilanciato 30 mmmmm 2,68 9,55 8,19 4,64 4,38Fonditalia Core1 R mmmmm 1,33 4,86 — 2,77 3,28Fonditalia Core1 T mmmmm 1,37 5,37 — 3,26 —Swiss& GlobalChallen IY mmmmm 1,04 2,06 — — —Swiss& GlobalChallen R mmmmm 1,01 1,67 — 2,06 1,56SynergiaBilanciato 30 mmmmm 1,97 6,11 6,18 2,78 —UBIPra. B. EuroRis. Cont. mmmmm 1,94 5,76 6,98 1,67 1,94UBIPra. Port. Moderato mmmmm 1,26 1,00 3,11 2,44 3,66UBIPra. Privilege 1# mmmmm 1,03 4,57 4,50 2,59 2,85UBIPra. Privilege 2# mmmmm 1,53 6,82 6,31 3,68 3,3030%msciworld&70%jpm emu 1,57 7,55 — 6,29 6,20

obbligazionariob.eurogovernativi b.t. — — — — —AcomeABreve Term.A1 mmmmm 0,17 7,37 2,06 6,51 4,63AcomeABreve Term.A2 mmmmm 0,20 7,69 2,06 — —Alto EuroGovernativo B/T mmmmm 0,32 2,26 2,64 2,36 2,19

AmundiBreve Termine mmmmm 0,11 3,06 2,30 1,80 2,19AnimaFix EuroA mmmmm 0,03 0,53 1,24 0,83 n.s.AnimaFix EuroI mmmmm 0,06 0,76 1,24 1,05 1,50AnimaFix EuroYY mmmmm 0,04 0,76 1,24 1,12 1,58AnimaFix Obbl. BT A mmmmm 0,31 2,04 1,83 1,44 n.s.AnimaFix Obbl. BT Y mmmmm 0,35 2,51 1,83 1,87 —ANM Anima SalvadanaioA mmmmm 0,18 1,72 1,57 -0,16 0,78ANM Anima SalvadanaioF mmmmm 0,21 — — — —ArcaMM mmmmm 0,61 4,63 4,44 4,72 4,07BancoPostaObbl. Eu BT mmmmm 0,09 1,18 1,77 2,28 2,27BancoPostaReplay12 mesi mmmmm 0,04 1,38 — — —BnlObbl EuroBT mmmmm 0,23 1,04 2,15 1,87 2,58CarigeBreve Termine mmmmm 0,14 1,75 1,39 1,64 2,04ConsultinvestBreve Term mmmmm 0,38 2,43 — 2,17 —Eticaobb.breve term.E mmmmm 0,26 1,32 — 1,42 1,77EticaObbl. BreveT. IEY mmmmm 0,29 1,62 — — —EurizonObbl. EuroBT A mmmmm 0,20 1,91 1,75 — —EurizonObbl. EuroBT D mmmmm 0,20 1,91 1,75 1,97 2,17Euromob.EuroAggregate mmmmm 0,25 1,39 2,49 1,54 1,94Fideuram Risparmio mmmmm 0,03 0,33 1,24 0,73 0,71FondacoEuro CashBY mmmmm 0,12 — — — —FondacoEuro CashY mmmmm 0,12 1,49 — 1,63 2,08FonderselReddito mmmmm 0,27 2,40 2,06 3,60 2,92FonditEur BondDefe. S mmmmm 0,27 — — — —FonditEur EqDefen R mmmmm 0,27 1,12 — 1,85 2,59FonditEuro EqDefen T mmmmm 0,31 1,47 — 2,19 —Fonditalia Eu CurrencyR mmmmm -0,01 0,43 — 0,97 0,95Fonditalia Eu CurrencyT mmmmm 0,02 0,74 — 1,27 —GestielleBT Cedola Cl.A mmmmm 0,26 -1,82 1,76 -0,72 0,86GestielleBT Cedola Cl.BY mmmmm 0,30 -1,33 — -0,37 —GIFocus Euro Gov. BT mmmmm 0,21 1,77 1,16 1,92 2,21Interf.Euro Currency mmmmm 0,01 0,68 — 1,12 1,18MalatestaBreveTermine mmmmm 0,13 1,31 1,66 2,11 2,15MediolanumRisp Dinam mmmmm 0,40 2,91 1,79 1,89 n.s.NordfondoObbl. B.TA mmmmm 0,23 1,78 1,25 1,64 1,80NordfondoObbl. B.TB mmmmm 0,24 -1,24 — — —NordfondoObbl. B.TCY mmmmm — — — — —Passadore BreveTermine mmmmm 0,13 1,51 1,66 2,14 2,07Pion.Eur Gov BT (ex Mon.)A mmmmm 0,16 1,21 1,66 1,99 2,14Pion.Eur Gov BT (ex Mon.)B mmmmm 0,14 1,11 — — —SoprarnoPronti Termine mmmmm 0,19 3,42 1,24 3,30 2,75Symp. ObbBreveTerm mmmmm 0,24 2,32 1,55 2,14 2,35Symp. ObbRendita mmmmm 0,09 3,82 3,15 n.s. n.s.SynergiaObb.Rend. mmmmm — 3,88 5,56 n.s. n.s.SynergiaObbl. EuroBT mmmmm 0,26 2,23 1,81 1,85 —TeodoricoBreveTermine mmmmm 0,15 1,39 1,66 2,18 2,28UBIPra. Euro BT mmmmm 0,20 1,53 2,06 1,27 2,12ZenitMc BreveTer Cl.I mmmmm 0,10 1,61 — 1,86 2,39ZenitMc BreveTer Cl.R mmmmm 0,08 1,24 1,60 1,50 2,05jpmgbi emu 1-3yr 0,27 2,04 — 1,76 2,83

ob.eurogovernativi m/l t 0,52 2,99 — 2,72 4,05AcomeAEurobb. A1 mmmmm 0,24 8,35 4,28 7,63 5,96AcomeAEurobb. A2 mmmmm 0,28 8,80 4,28 — —Agora Income mmmmm 0,09 0,59 3,18 — —AllianzRedditoEuro mmmmm 0,68 2,15 4,18 2,66 4,13AnimaFix Obbl. MLT A mmmmm 1,05 4,31 4,12 2,17 n.s.AnimaFix Obbl. MLT Y mmmmm 1,13 5,00 4,12 2,81 —ANM ANIMACap. PiùOb. N# mmmmm 0,46 — — — —ANM Anima Obbl.EuroA mmmmm 0,65 3,71 2,82 0,53 3,55ANM Anima Obbl.EuroF mmmmm 0,68 — — — —ANM Capitale PiùObbl. A# mmmmm 0,46 2,32 2,81 1,41 2,77ANM Capitale PiùObbl. F# mmmmm 0,52 — — — —ArcaRR mmmmm 0,80 3,68 4,01 4,35 4,86AzimutRedditoEuro mmmmm -0,07 4,22 — 2,52 2,80BancoPostaObbl. Eu MLT mmmmm 0,59 3,18 3,37 4,24 4,48







Bnl Obbl. EuroM/L T mmmmm 0,74 1,85 4,28 2,61 3,97CarigeObbl. Euro LTA mmmmm 0,93 4,44 5,44 4,39 6,15CarigeObbligaz. Euro A mmmmm 0,49 2,34 2,46 2,62 3,57EpsilonQincome mmmmm 1,35 6,93 4,45 3,49 4,62EurizonObbl. Euro mmmmm 0,24 3,83 3,81 4,01 4,80Euromob.Reddito mmmmm 0,77 4,06 3,98 2,87 3,82Fideuram Rendimento mmmmm 0,46 3,08 7,33 1,56 2,73FondacoEurogov Beta BY mmmmm 0,87 -3,48 — — —FondacoEurogov BetaY mmmmm 0,87 4,20 — 3,74 5,04FonderselEuro mmmmm 0,84 3,65 4,28 3,77 4,51FonditEur BdLng TermS mmmmm 0,97 — — — —Fonditalia Eu B.LongT R mmmmm 0,98 3,97 — 3,21 5,36Fonditalia Eu B.LongT T mmmmm 1,01 4,37 — 3,60 —Fonditalia EuroBondR mmmmm 0,52 3,34 — 3,90 4,75Fonditalia EuroBondS mmmmm 0,52 — — — —Fonditalia EuroBondT mmmmm 0,56 3,76 — 4,30 —GestielleMT EuroCl.A mmmmm 0,80 3,97 3,24 1,62 2,62GestielleMT EuroCl.B mmmmm 0,86 4,64 — 2,15 3,13Interf.Euro BondLongT mmmmm 1,00 4,33 — 3,89 5,74Interf.Euro BondMed. T mmmmm 0,97 3,46 — 4,21 5,04Interf.Euro Short Term1-3 mmmmm 0,31 1,20 — 1,75 2,35Interf.Euro Short Term3-5 mmmmm 0,59 2,08 — 2,83 3,85MalatestaObblig. Euro mmmmm 0,43 2,63 2,85 2,48 2,98NordfondoOb.EuroM.T. A mmmmm 0,55 3,00 3,12 1,27 2,48NordfondoOb.EuroM.T. CY mmmmm — — — — —PioneerEu Gov MT Dis A mmmmm 0,88 3,43 4,45 — —PioneerEu Gov MT Dis B mmmmm 0,86 3,31 — — —PioneerObb.Euro Distr B mmmmm 0,85 3,85 — — —RasLux B. Europe mmmmm — — — — —Symp. Obblig.Euro mmmmm 0,68 2,54 3,96 3,23 4,29SynergiaObbl. EuroMT mmmmm 0,63 2,68 3,72 3,21 —UBIPra. Euro M/L Term. mmmmm 0,15 1,49 4,18 1,56 3,86mlemu direct government 0,87 4,28 — 3,86 5,28

ob.eurocorp.invest.grade. 0,53 4,66 — 3,63 4,69AcomeAObblig.Corp. A1 mmmmm 1,23 7,61 4,33 4,13 5,29AcomeAObblig.Corp. A2 mmmmm 1,27 8,21 4,33 — —AmundiCorporate 3 anniY mmmmm 0,14 2,27 — -0,99 —AnimaFix Imprese A mmmmm 0,79 8,45 3,70 4,41 5,16AnimaFix Imprese Y mmmmm 0,84 9,17 3,70 5,07 5,79ANM Anima Obb.Corpor. A mmmmm 0,78 8,35 3,70 3,35 5,12ANM Anima Obb.Corpor. F mmmmm 0,79 — — — —ArcaBondCorporate mmmmm 0,53 4,82 3,78 4,76 6,17BancoPosta Corp.2014 mmmmm 0,21 2,88 — — —CarigeCorporate EuroA mmmmm 0,53 4,57 4,09 3,40 5,88EurizonObbl. EuroCorp. mmmmm 0,62 4,41 3,79 3,34 4,10EurizonObbl. EuroCorp. BT mmmmm 0,23 2,95 2,45 2,90 2,21FoiEu Corp BndS mmmmm 0,70 0,19 — — —Fonditalia Eu CorpBnd R mmmmm 0,70 2,97 — 3,03 4,98Fonditalia Eu CorpBnd T mmmmm 0,74 3,37 — 3,43 —Interf.Euro CorporateBd mmmmm 0,67 3,14 — 2,94 4,90NordfondoOb.EuroCorp A mmmmm 0,64 4,64 3,59 4,58 7,06NordfondoOb.EuroCorp CY mmmmm — — — — —PioneerOb Eu Co EtDis AE mmmmm 0,90 4,45 4,43 4,44 6,46PioneerOb Eu Co EtDis BE mmmmm 0,88 4,29 — — —Symp. Obb.Corp. mmmmm 0,64 4,63 3,62 4,15 4,46SynergiaObbl Corporate mmmmm 0,59 4,40 3,76 4,08 —UBIPra. Euro Corp. mmmmm 0,47 4,47 4,31 3,73 6,58lehman euroaggr.corporate 0,67 4,51 — 4,77 7,23

ob.eurohigh yield — — — — —AnimaFix High Yeld Y mmmmm 1,61 11,48 11,20 7,25 11,44AnimaFix High YieldA mmmmm 1,53 10,38 11,20 6,22 10,42ANM Anima Ob HiYieldA mmmmm 1,64 6,49 5,20 -1,18 2,73ANM Anima Ob HiYieldAD mmmmm 1,64 — — — —ANM Anima Ob HiYieldF mmmmm 1,73 — — — —

EurizonObbl. EuroHY mmmmm 0,98 9,27 10,20 5,36 9,91FoiBndGl. High YieldTY mmmmm 1,42 6,34 — 4,43 —FoiBondGl.High YieldS mmmmm 1,36 -0,46 — — —FoiBondGlobHighYield R mmmmm 1,35 5,51 — 3,88 8,23IfuBondGl. High Yield mmmmm 0,96 5,82 — 4,74 8,96mleuro high yield 1,29 12,76 — 9,50 15,07

ob.int. corp.invest.gr. — — — — —UBIPra. Obb. Glob.Corp. mmmmm 0,62 -0,36 0,11 4,10 6,96lehman aggregate corporate 0,67 4,51 — 4,77 7,23

ob.int. highyield — — — — —PioneerObb GloHY Dis A mmmmm -1,03 0,89 1,54 — —PioneerObb GloHY Dis B mmmmm -1,26 1,19 — — —UBIPra. Obb. Gl.Alto Ren. mmmmm 1,01 4,88 6,76 7,46 9,51mlglobal high yield 1,23 7,76 — 9,06 14,14

ob.altrespecializzazioni 0,36 3,25 — 3,04 4,35Alpi Bond mmmmm — 2,03 — n.s. n.s.AmundiObbligaz. Euro mmmmm 0,76 4,65 4,12 2,25 4,97AnimaFix Emergenti A# mmmmm 2,54 -5,69 — 2,46 n.s.AnimaFix Emergenti Y# mmmmm 2,63 -4,75 — 3,45 6,21AnimaForza 1 A mmmmm 0,46 1,96 1,40 1,90 n.s.AnimaForza 1 B mmmmm 0,44 1,96 1,40 1,90 —AnimaForza 1 Y mmmmm 0,45 2,28 1,40 2,24 2,63AnimaForza 2 A mmmmm 0,71 4,32 3,22 2,94 n.s.AnimaForza 2 B mmmmm 0,71 4,34 3,22 2,94 —AnimaForza 2 Y mmmmm 0,73 4,69 3,22 3,34 3,55ANM Anima Riserva Emer.A mmmmm 1,59 — — — —ANM Anima Riserva Emer.F mmmmm 1,63 — — — —ANM Anima Riserva Glob.A mmmmm -0,12 — — — —ANM Anima Riserva Glob.F mmmmm -0,08 — — — —AureoCedola I -2016 mmmmm 0,76 5,15 — — —AureoCedola II - 2017 mmmmm 1,02 7,04 — — —AzimutTrendTassi mmmmm -0,34 5,89 — 3,72 3,25BancoPostaObbl Dic 2017 mmmmm 0,46 5,11 — — —BancoPostaObbl. Feb14 mmmmm 0,14 2,79 — — —BCCCedola III Op- 2017 mmmmm 1,40 — — — —BCCCedola IV -2018 mmmmm 1,11 — — — —BCCCedola IV Op-2018 mmmmm 1,33 — — — —BNL 3X3 mmmmm 0,06 -0,87 3,84 — —CarigeForziere Euro mmmmm 0,09 n.s. 0,78 n.s. n.s.CarigeObb. GlobaleA mmmmm 0,51 2,22 2,26 n.s. n.s.EurizonObbl. CedolaA mmmmm 0,14 2,64 3,22 — —EurizonObbl. CedolaD mmmmm 0,15 2,66 3,22 1,00 2,76EurizonObbl. EticoE mmmmm 0,46 4,05 3,77 4,29 5,83FoiCore BondR mmmmm 0,77 -0,55 — — —FoiCore BondT mmmmm 0,81 -0,15 — — —FoiEu YieldPl S mmmmm 0,18 -1,04 — — —FonderselSh. Term Asset mmmmm 0,03 — — — —FonditCore BondS mmmmm 0,77 — — — —Fonditalia Eu YieldPl R mmmmm 0,18 0,16 — -0,11 n.s.Fonditalia Eu YieldPl T mmmmm 0,22 0,53 — 0,26 n.s.Fonditalia GlobConv. R mmmmm 1,64 — — — —Fonditalia GlobConv. S mmmmm 1,62 — — — —Fonditalia GlobConv. T mmmmm 1,67 — — — —Fonditalia InflatLinked R mmmmm 0,77 -3,54 — 2,53 3,27Fonditalia InflatLinked T mmmmm 0,80 -3,16 — 2,92 —GestielleObbl. Corp. A mmmmm 1,05 10,19 7,00 6,88 8,92GestielleObbl. Corp. B mmmmm 1,10 11,11 — — 9,34Interf. InflationLinked mmmmm 0,95 -2,55 — 3,41 4,09InterfundGlob.Convert mmmmm 2,96 12,39 — — —NordfondoObbl. Conv.A mmmmm 1,58 8,16 12,60 3,20 6,03NordfondoObbl. Conv.CY mmmmm — — — — —PioneerCIM EuroFixIncome mmmmm 0,89 4,21 — 4,42 5,17PioneerObb.Euro Distr A mmmmm 0,86 4,01 4,12 4,17 5,08







RasLux Short T. Dollar mmmmm — — — — —RasLux Short T. Eur. mmmmm — — — — —Star CollOb Inter. A# mmmmm -1,31 — — — —Star CollOb Inter. CY# mmmmm — — — — —Star CollOb M/L TerA# mmmmm 0,50 — — — —Star CollOb M/L TerCY# mmmmm — — — — —UBIPra. Obb. Dollari mmmmm -1,82 -6,97 -6,63 3,08 5,90jpmglobal -0,69 -9,38 — 1,51 5,24

ob.misti — — — — —AcomeAPerform. A1 mmmmm 1,41 7,40 0,34 5,23 4,88AcomeAPerform. A2 mmmmm 1,47 8,01 0,34 — —AlleanzaObbligaz. mmmmm 1,21 4,22 10,21 0,97 2,28AnimaTr. 18 It.Al.Pot.II mmmmm 0,79 — — — —AnimaTr.18 Eu.Al.Pot.II mmmmm 0,82 — — — —AnimaTr.18 Eu.Al.Pot.III mmmmm 0,81 — — — —AnimaTr.19 Cre.Sost. mmmmm 0,94 — — — —AnimaTr.19 Cre.Sost. II mmmmm 0,64 — — — —AnimaTrag 18 Alto Pot. mmmmm 0,79 — — — —AnimaTrag 18 Eu.Al.Pot. mmmmm 0,87 — — — —AnimaTrag 18 It.Al.Pot. mmmmm 0,81 — — — —AnimaTrag. 19 Plus mmmmm 0,72 — — — —AnimaTrag. 19 PlusII mmmmm 0,70 — — — —AnimaTrag. 2019 Flex mmmmm — — — — —ANM Anima Cap.Più15N# mmmmm 0,75 — — — —ANM Anima SforzescoA mmmmm 0,74 3,20 1,01 3,06 4,62ANM Anima SforzescoF mmmmm 0,80 — — — —ArcaObbligaz. Europa mmmmm 1,67 2,20 3,00 4,58 4,51BancoPostaMix 1 mmmmm 0,83 3,41 4,64 3,87 4,23CarigeBilanciato 10 mmmmm 1,55 6,22 4,59 3,91 4,23EticaObbl. MistoIEY mmmmm 0,91 4,05 — — —EticaObbligaz. mistoE mmmmm 0,86 3,45 — 3,28 4,40EurizonDiversEticoE mmmmm 0,60 4,77 4,57 4,25 4,27EurizonRenditaA mmmmm 0,86 4,32 3,26 — —EurizonRenditaD mmmmm 0,86 4,33 3,26 2,10 1,81EurizonSoluzione 10 mmmmm 0,58 3,55 3,75 2,06 1,97GestielleCed.Multi Tar mmmmm 0,62 — — — —GestielleCedola PiùIta mmmmm 1,53 — — — —Nextam Part.Obbl. Misto mmmmm 1,00 7,30 — 4,80 4,57NordfondoEtico ObMistoE mmmmm 1,28 5,07 5,43 1,01 2,45PioneerOb. Piu' Dis A mmmmm 0,09 0,55 -0,01 4,17 4,02PioneerOb. Piu' Dis B mmmmm 0,10 0,65 — — —Symp. Patrim. Redd. mmmmm 1,56 5,43 — 3,92 3,35SynergiaBilanciato 15 mmmmm 1,26 4,08 4,77 2,45 —UBIPra. Port. Prudente mmmmm 0,79 0,46 2,38 1,37 2,60Unicredit RedditoA# mmmmm 0,45 — — — —Unicredit RedditoB# mmmmm 0,43 — — — —ZenitMc Obbligaz. Cl.I mmmmm 0,86 3,97 — 2,68 3,78ZenitMc Obbligaz. Cl.R mmmmm 0,81 3,40 4,00 2,15 3,2880%jpm global&20%msci world -0,18 -4,96 — 3,68 6,03

ob.flessibili 0,67 4,05 — 3,09 3,30AllianzObbligaz. Flessibile mmmmm -0,23 0,31 — 1,48 1,90Alto Eu Flessibile Obbl. mmmmm 0,55 8,57 — 2,97 3,46AmundiDiv.Attiva 18 mmmmm -0,56 — — — —AmundiDiv.Attiva 18 Due mmmmm -0,48 — — — —AmundiDiv.Attiva 18 Tre mmmmm -0,02 — — — —AmundiMeta 2018 mmmmm 0,98 — — — —AmundiMeta 2018 Due mmmmm 1,09 — — — —AmundiMeta 2018 TRE mmmmm 1,10 — — — —AmundiMeta 2019 Premium mmmmm 0,99 — — — —AmundiMeta Plus 19AE Due mmmmm 0,40 — — — —AmundiMeta Plus 2019 AE mmmmm 0,84 — — — —AmundiOriz.19 Ced eDiv mmmmm 0,41 — — — —AmundiOriz.19 Ced eDiv 2 mmmmm — — — — —AmundiTraguardo 3% mmmmm 0,86 — — — —

AnimaRend.Ass.Obbligaz. A mmmmm 0,47 2,64 — n.s. n.s.AnimaRend.Ass.Obbligaz. Y mmmmm 0,51 2,97 — n.s. n.s.AnimaTrag 2017 Ced4 II mmmmm 0,34 5,96 — — —ANM Anima Risparmio A mmmmm 0,60 3,28 — 1,22 2,76ANM Anima Risparmio F mmmmm 0,63 — — — —ANM Anima Tr.18 M.CedII mmmmm 0,48 — — — —ANM Anima Trag 17Ced4 mmmmm 0,21 5,45 — — —ANM Anima Trag 17Ced4 3 mmmmm 0,25 6,02 — — —ANM Anima Trag 2016Ced3 mmmmm -0,09 5,33 — — —ANM Anima Trag 2017M.Ced mmmmm -0,04 5,07 — — —ANM Anima Trag 2018C.Sem mmmmm 0,30 — — — —ANM Anima Trag 2018T.Ced mmmmm 0,31 — — — —ANM Anima Trag II2016 mmmmm -0,14 5,78 — — —ANM Anima Traguardo2016 mmmmm 0,15 5,07 — — —ANM Anima Traguardo2018 mmmmm 0,77 7,88 — — —ArcaCedBondGlob Eur mmmmm 0,28 2,92 — 4,17 —ArcaCed.18 Ob.Att.IIIP mmmmm — — — — —ArcaCed.18 Ob.Att.IIIR mmmmm — — — — —ArcaCed.18 Ob.Att.IV P mmmmm — — — — —ArcaCed.18 Ob.Att.IV R mmmmm — — — — —ArcaCed.18 Ob.Attiva II mmmmm 1,05 — — — —ArcaCed.18 Obb.Attiva mmmmm 0,83 — — — —ArcaCed.18 Paesi Em.VL P mmmmm 1,96 — — — —ArcaCed.18 Paesi Em.VL R mmmmm 1,93 — — — —ArcaCed.18 Paesi Em.VL2 P mmmmm -0,42 — — — —ArcaCed.18 Paesi Em.VL2 R mmmmm -0,40 — — — —ArcaCed.18 Paesi Em.VL3 P mmmmm — — — — —ArcaCed.18 Paesi Em.VL3 R mmmmm — — — — —ArcaCed.Bo.2015 Alto Pot mmmmm 0,13 3,28 — 4,52 —ArcaCed.Bo.2015 Alto Pot.2 mmmmm 0,60 4,60 — 4,95 —ArcaCed.Bo.2016 Alto Pot.3 mmmmm 0,69 5,68 — — —ArcaCed.Bo.2017Alto Pot.4 mmmmm 1,04 6,28 — — —ArcaCed.Bo.2017Alto Pot.5 mmmmm 0,89 4,65 — — —ArcaCed.Bo.2017Alto Pot.6 mmmmm 1,30 — — — —ArcaCed.BondGlob.Eu II mmmmm 0,33 2,81 — 3,90 —ArcaCed.BondGlob.Eu III mmmmm 0,33 3,11 — — —ArcaCed.BondPaesi Em. mmmmm 0,25 1,25 — — —ArcaCed.Corp.BondII mmmmm 0,10 0,93 — 2,39 —ArcaCed.Corp.BondIII mmmmm 0,10 1,03 — 2,46 —ArcaCed.Corp.BondIV mmmmm 0,24 1,75 — 3,41 —ArcaCed.Gov.Eu.Bond mmmmm — — — — —ArcaCed.Gov.Eu.Bond II mmmmm 0,20 3,69 — 3,21 —ArcaCed.Gov.Eu.Bond III mmmmm 0,24 3,88 — 4,06 —ArcaCed.Gov.Eu.Bond IV mmmmm 0,52 5,07 — 5,52 —ArcaCedola Corp.Bond mmmmm — — — — —BCCRisparmio Obbligaz. mmmmm 0,63 1,91 — 1,57 1,41BnlTargetReturn Liquid mmmmm 0,06 1,10 — 1,28 1,46CarigeForziere Obbligazionario mmmmm — — — — —CarigeObbl. Cedola A mmmmm 0,43 — — — —Consult High YieldCl. A mmmmm 0,55 4,04 — 3,55 4,88Consult RedditoCl. A mmmmm 1,16 9,07 — 2,45 3,38Consult RedditoCl. B mmmmm 1,16 9,11 — — —Consult ValoreCl. A mmmmm 0,50 9,46 — 3,03 3,28Consult ValoreCl. B mmmmm 0,49 9,51 — — —EurizonCed. Doc 02/19 mmmmm 0,99 — — — —EurizonCed. Doc 04/19 mmmmm 1,05 — — — —Euromob.Cedola 3- 2017 mmmmm 0,24 — — — —Euromob.Emerg Mkt Bond mmmmm 0,98 -5,82 — n.s. n.s.Euromob.F2 mmmmm 0,50 0,69 — 0,89 1,93Euromob.Obiettivo 2015 mmmmm 0,52 5,55 — — —FoiGlobalBond R mmmmm -0,06 -5,20 — — —FoiGlobalBond S mmmmm -0,05 -7,60 — — —FoiGlobalBond T mmmmm -0,01 -4,75 — — —FonditEthical R mmmmm 0,30 — — — —FonditEthical TY mmmmm 0,31 — — — —Fonditalia FlexibBondR mmmmm 0,18 -0,09 — n.s. n.s.







Fonditalia FlexibBondS mmmmm 0,17 -1,98 — — —Fonditalia FlexibBondT mmmmm 0,21 0,36 — n.s. n.s.GestielleCedFissa II A mmmmm 0,81 — — — —GestielleCedFissa II BY mmmmm 0,89 — — — —GestielleCedola Fissa mmmmm -1,05 6,40 — — —GestielleCedola O.B.E. mmmmm 0,49 1,74 — — —GestielleCedola O.G.E. mmmmm 0,49 2,91 — — —GestielleCedola Più mmmmm 1,72 — — — —GIFocus Obbligazionario mmmmm 0,80 -2,34 — -0,85 0,90MediolanumFleObb Glob mmmmm 0,82 1,33 — 2,96 n.s.RitorniReali mmmmm 0,65 -0,39 — -0,38 2,56Symp. Obb.Alto Pot. mmmmm 0,79 — — — —Symp. Obb.Din. Val. mmmmm -0,33 -6,69 — n.s. n.s.SynergiaBondFlessib. mmmmm 0,29 1,05 — — —UBIPra. Active Duration mmmmm -0,41 2,07 — 0,67 2,67UBIPra. Tot RetPr mmmmm 0,18 0,52 — 0,72 2,27UniCreditSoluzione BTA mmmmm 0,04 0,31 — — —UniCreditSoluzione BTB mmmmm — -0,20 — — —jpmgbi global all.mat. -0,69 -9,38 — 1,51 5,24

ob.italia — — — — —ANM Anima TricoloreA mmmmm 0,94 7,77 8,79 — —ANM Anima TricoloreF mmmmm 0,97 — — — —AzimutSolidity mmmmm -0,01 3,82 — 2,12 2,32BancoPostaObb.Ita Dic18 mmmmm 0,58 — — — —EpsilonItalyBo.Sh.Term A mmmmm 0,09 0,70 — — —EpsilonItalyBo.Sh.Term B mmmmm 0,12 1,01 1,33 1,68 1,60EpsilonItalyBo.Sh.Term I mmmmm 0,14 1,14 1,33 — —EurizonObbl. ItaBT A mmmmm 0,22 2,57 2,41 2,46 1,76EurizonObbl. ItaBT B mmmmm 0,25 2,89 2,41 2,75 2,05PioneerOb.Sist.It Dis A mmmmm 0,26 5,77 8,72 — —PioneerOb.Sist.It Dis B mmmmm 0,24 6,76 — — —jpmgbi italy tradedindex 0,03 8,86 — 4,24 5,69

monetariarea euro — — — — —AcomeALiquidita' A1 mmmmm 0,23 3,96 0,78 n.s. n.s.AcomeALiquidita' A2 mmmmm 0,23 3,97 0,78 — —Agora Cash mmmmm 0,09 0,74 0,24 1,39 2,06AllianzLiquidita'A mmmmm — 0,33 0,78 0,93 0,94AllianzLiquidita'B mmmmm 0,03 0,63 0,78 1,25 1,27AmundiLiquidita' mmmmm 0,03 0,50 0,41 0,92 0,95Anfiteatro Tesoreria mmmmm — — — — —ANM Anima Liq. EuroA mmmmm 0,03 — — — —ANM Anima Liq. EuroF mmmmm 0,06 — — — —ANM Anima Liq. EuroI mmmmm 0,04 0,57 0,89 1,41 1,79AzimutGaranzia mmmmm 0,03 0,90 — 1,48 1,20BancoPostaLiquid. EuroG mmmmm 0,09 1,12 0,95 n.s. n.s.BCCMonetario mmmmm 0,02 0,40 0,58 0,48 0,63Bnl Cash mmmmm -0,01 0,13 0,76 0,65 0,88EurizonTesor.EuroA mmmmm 0,08 1,18 0,94 1,34 1,25EurizonTesor.EuroB mmmmm 0,09 1,48 0,94 1,64 1,53Euromob.Conservativo mmmmm 0,20 1,54 1,30 1,18 1,07Fideuram Moneta mmmmm 0,05 0,55 1,24 1,08 0,94Interf.Euro LiquidityY mmmmm 0,03 — — — —NordfondoLiquiditàA mmmmm 0,11 1,07 0,44 1,24 1,31NordfondoLiquiditàCY mmmmm — — — — —PioneerLiquidita'Euro mmmmm 0,02 0,38 0,08 1,04 —SynergiaTesoreria mmmmm 0,08 0,89 0,78 1,05 —UBIPra. Euro Cash mmmmm 0,08 0,76 0,78 1,14 1,14jpmigbi 3m cash 0,02 0,25 — 1,12 1,65

flessibilifondiflessibili 1,30 5,25 — 2,43 1,968a+GranParadiso mmmmm 0,43 -0,77 — -0,89 —8a+Latemar mmmmm 3,46 7,29 — 2,76 3,18

AbisFlessibile mmmmm 0,32 4,94 — 2,76 2,54AcomeAEtf Attivo A1 mmmmm 8,15 4,88 — n.s. n.s.AcomeAEtf Attivo A2 mmmmm 8,25 5,85 — — —AcomeAPatr. Aggr.A2 mmmmm 3,31 18,79 — — —AcomeAPatr. Aggr.A1 mmmmm 3,21 18,05 — 1,93 -1,05AcomeAPatr. Dinam.A1 mmmmm 1,85 10,71 — 4,03 2,45AcomeAPatr. Dinam.A2 mmmmm 1,86 11,51 — — —AcomeAPatr. Prud. A1 mmmmm 1,25 7,02 — 5,50 4,50AcomeAPatr. Prud. A2 mmmmm 1,29 7,71 — — —ActiveDiscovery FlexY mmmmm 1,75 — — — —ActiveGlobal FlexY mmmmm 1,75 — — — —ActiveIncome FlexY mmmmm 1,80 — — — —ActiveOpport. FlexY mmmmm 1,75 — — — —Agora 4Invest mmmmm 0,65 — — — —Agora Pegasus mmmmm 1,00 — — — —Agora Selection# mmmmm -0,77 -13,91 — -5,16 -2,02Agora ValoreProtetto mmmmm -0,16 -0,55 — 2,54 3,31Agoraflex QY mmmmm -0,37 — — — —Agoraflex R mmmmm -0,49 -3,23 — 2,04 2,32AlaricoRe mmmmm 8,60 18,79 — -1,62 2,19AlkimisCap UcitsAcc. mmmmm 1,62 4,52 — 4,46 —AlkimisCap UcitsCoup. mmmmm 1,61 — — — —AllianzGlobalStrategy 15 mmmmm 0,71 1,43 — 1,25 2,14AllianzGlobalStrategy 30 mmmmm 0,91 1,85 — 1,57 1,74AllianzGlobalStrategy 70 mmmmm 2,31 6,80 — 3,45 3,75AmundiAbsolute# mmmmm -0,76 -2,10 — -0,18 0,84AmundiEquipe 1# mmmmm -0,17 -1,68 — 0,35 1,04AmundiEquipe 2# mmmmm -0,52 -2,28 — 0,74 1,30AmundiEquipe 3# mmmmm -0,51 -2,76 — 0,92 1,73AmundiEquipe 4# mmmmm -0,57 -5,49 — 0,74 1,53AmundiEu Brasile 2016G mmmmm 7,20 -4,69 — -5,41 —AmundiEu Bric 2017GY mmmmm 4,22 -1,02 — — —AmundiEu Cina Ripr 2015 mmmmm 1,58 6,28 — 2,79 —AmundiEu Cr.Ar.Euro 19G mmmmm 4,02 — — — —AmundiEu Cr.Az 2017G mmmmm 4,90 11,19 — — —AmundiEu Cr.Az II 2017G mmmmm 4,27 12,43 — — —AmundiEu Cr.Fin 2015G mmmmm 6,26 15,61 — — —AmundiEu Cr.Fin 2017G mmmmm 3,79 19,45 — — —AmundiEu Cr.Ita 2015G mmmmm 4,35 10,56 — — —AmundiEu Cr.Ita 2018G mmmmm 5,02 16,14 — — —AmundiEu Cr.Set.Imm17G mmmmm 2,35 9,55 — — —AmundiEu Cr.Tai 2018G mmmmm 2,47 11,75 — — —AmundiEu CV 17G mmmmm 5,01 9,45 — — —AmundiEu CV 18G mmmmm 4,49 10,59 — — —AmundiEu Dop Opp 2014 mmmmm 0,23 4,40 — 3,80 —AmundiEu Double CallG mmmmm 5,30 12,33 — 2,82 3,51AmundiEu DoWin 2013 mmmmm 1,56 -5,54 — 0,66 —AmundiEu EuEmRip17GY mmmmm 2,05 4,95 — — —AmundiEu Italia DopOp18G mmmmm 2,29 — — — —AmundiEu Ma.In.DpOp18G mmmmm 2,65 3,64 — — —AmundiEu Mat Pr 2015G mmmmm 0,02 4,69 — 4,11 —AmundiEu Merc. Em.18G mmmmm 2,74 1,96 — — —AmundiEu P IV 2017G mmmmm 1,22 6,34 — — —AmundiEu Sv M P2016GY mmmmm -1,25 -1,03 — — —AmundiEu Sv.It-Fr-Sp18G mmmmm 4,80 — — — —AmundiEu Svi. Russia18G mmmmm 5,71 — — — —AmundiEu Svi.Germa18G mmmmm 4,20 11,99 — — —AmundiEu Svil.En. 2016G mmmmm 1,58 4,65 — — —AmundiEu Svil.Merc.Em17G mmmmm 3,55 2,65 — — —AmundiEu Utilit.DopOp18G mmmmm 6,18 5,03 — — —AmundiEu.Cr.Cina 2017G mmmmm 2,71 4,63 — — —AmundiEu.En.DpOp18GY mmmmm 2,44 6,34 — — —AmundiEu.Sv.Gr.Cina18G mmmmm 2,38 — — — —AmundiEur. BRICT Pr17G mmmmm 5,20 -0,25 — — —AmundiEur.Svil.USA 2016G mmmmm 2,41 15,07 — — —AmundiEur.Svil.USA 2018G mmmmm 3,38 14,90 — — —







AmundiEureka Cina2015G mmmmm 3,38 6,20 — 0,90 —AmundiEureka DragonG mmmmm 0,26 1,67 — 3,70 —AmundiEureka Or 2015G mmmmm 1,79 4,80 — 2,75 —AmundiEureka Rip.2014 mmmmm 3,04 8,98 — 5,71 —AmundiEureka Rip.2016G mmmmm 4,26 13,59 — 6,97 —AmundiEureka Rip.22014 mmmmm 1,89 7,16 — 4,64 —AmundiEureka Sett.2016G mmmmm 0,57 1,91 — 1,18 —AmundiFoGaEMEqRe 2014 mmmmm -0,02 -0,44 — 0,68 2,90AmundiFoGaEMEqRe2013 mmmmm -0,08 -0,80 — 0,48 2,62AmundiFoGaEqRe2 2013 mmmmm -0,08 -0,70 — 1,15 1,48AmundiFor.EurEqOp2 2013 mmmmm — — — — —AmundiForGaEqRe 13 mmmmm -0,02 -0,02 — 1,52 2,27AmundiForGaEqRe 14 mmmmm 3,11 4,90 — 1,58 2,87AmundiForGarHiDiv 14 mmmmm -0,02 0,16 — 0,94 2,25AmundiPiu'# mmmmm -0,65 -1,18 — 0,77 1,50Anfiteatro TotalReturn mmmmm — — — — —AnimaStar Eu AltoPot A mmmmm 2,14 11,24 — 5,61 5,71AnimaStar Eu AltoPot Y mmmmm 2,18 11,99 — 6,48 6,23AnimaStar ItAltoPot A mmmmm 1,86 7,02 — 6,05 4,71AnimaStar ItAltoPot Y mmmmm 1,94 8,02 — 6,67 5,09AnimaTr.18 It.Al.Pot.III mmmmm 0,77 — — — —ANM Anima Alto Pot.Gl.A mmmmm 2,14 8,29 — 3,64 3,83ANM Anima Alto Pot.Gl.F mmmmm 2,09 — — — —ANM Anima FondoTrading A mmmmm 3,57 16,45 — 5,22 4,60ANM Anima FondoTrading F mmmmm 3,68 — — — —AnthiliaOrangeY# mmmmm 1,14 -0,88 — 0,73 2,11AnthiliaYellow mmmmm 0,82 9,50 — 2,28 5,08ArcaCap.Gar. Dic2013G mmmmm 0,62 1,85 — 1,30 1,51ArcaCap.Gar. Giu2013 mmmmm — — — — —ArcaCashPlus mmmmm 0,24 2,23 — n.s. n.s.ArcaFormEuStoxx (R)2015 mmmmm 4,46 16,35 — 4,75 —ArcaFormII EStox (R)2015 mmmmm 4,25 13,16 — — —ArcaStrat.Gl.Crescita mmmmm 0,44 2,48 — 4,32 3,68ArcaStrat.Gl.Opportun. mmmmm 0,55 2,81 — 5,78 4,60AzimutDinamico mmmmm 2,33 7,88 — 3,38 2,58AzimutScudo mmmmm -0,36 5,38 — 2,93 3,00AzimutStr. Trend mmmmm 0,46 10,13 — 6,25 4,32AzimutTrend mmmmm 0,19 12,43 — 10,56 6,05AzimutTrendAmerica mmmmm 1,02 12,02 — 9,92 6,07AzimutTrendEuropa mmmmm 4,08 13,11 — 1,60 -1,34AzimutTrendItalia mmmmm 8,59 22,33 — 1,28 -2,07AzimutTrendPacifico mmmmm 3,19 7,69 — 3,92 2,56BancoPosta Extra mmmmm 1,23 1,79 — 0,76 1,88BancoPosta StepG mmmmm 0,40 -2,70 — -1,93 —BancoPosta TrendG# mmmmm 0,61 2,62 — 2,01 —BancoPostaInv Pr 90 mmmmm 0,91 1,39 — 0,66 0,54BancoPostaObbl Giu 2015 mmmmm 0,32 3,21 — — —BancoPostaObbl Giu 2017 mmmmm 0,47 5,96 — — —BCCCedola III -2017 mmmmm 1,15 — — — —BCCCrescita Bilanciato mmmmm 3,14 8,77 — 2,42 1,20BCCInvestimento Azion. mmmmm 3,74 9,75 — -0,35 -1,48BCCSelez. Crescita# mmmmm 2,57 n.s. — n.s. n.s.BCCSelez. Investimento# mmmmm 3,76 5,11 — 3,57 3,15BCCSelez. Opportunità# mmmmm 1,06 n.s. — n.s. n.s.BCCSelez. Risparmio# mmmmm -0,14 n.s. — n.s. n.s.Bnl Protezione mmmmm 1,57 1,20 — 0,05 1,63BNPP 100%e Piu' Gr AsiaG mmmmm -0,04 -1,80 — -1,41 0,86BNPP 100%e Piu' Gr EurG mmmmm -0,06 -0,59 — -0,23 1,13BNPP Equipe Attacco# mmmmm 0,43 1,99 — 0,91 1,02BNPP Equipe Centrocampo# mmmmm 0,23 0,95 — 0,57 0,73BNPP Equipe Difesa mmmmm 0,20 1,28 — 0,69 1,51CarigeForziere Dinamico mmmmm — — — — —CarigeTotal Return 1 mmmmm -0,15 1,06 — 0,08 1,02CarigeTotal Return 2 mmmmm -0,05 -0,30 — -0,97 -1,67Consult Alto Div.Cl. A mmmmm 4,02 7,43 — 4,54 4,42Consult Alto Div.Cl. B mmmmm 3,99 7,32 — — —

Consult High YieldCl. B mmmmm 0,56 3,86 — — —Consult Multi High VolA# mmmmm 1,57 — — — —Consult Multi High VolB# mmmmm 1,59 — — — —Consult Multi LowVol A# mmmmm 1,06 — — — —Consult Multi LowVol B# mmmmm 1,04 — — — —Consult Multi Med Vol A# mmmmm 0,98 — — — —Consult Multi Med Vol B# mmmmm 0,96 — — — —Consult Multi OpportA# mmmmm 2,66 — — — —Consult Multi OpportB# mmmmm 2,67 — — — —ConsultinvestMercati Em mmmmm 6,61 -8,16 — -4,01 -0,18ConsultinvestMulti Flex A# mmmmm 2,19 1,42 — 3,31 2,25ConsultinvestMulti Flex B# mmmmm 2,19 — — — —ConsultinvestPlus mmmmm 0,90 7,82 — 4,49 —ECCapProtetto 12/14P mmmmm 0,65 4,01 — 2,03 —EpsilonDLongRun mmmmm 2,35 7,28 — 2,81 2,33EpsilonFle ForexC09/18 mmmmm 0,06 — — — —EpsilonFle ForexC12/18 mmmmm — — — — —EpsilonQReturn mmmmm 3,68 9,77 — 5,94 3,89EurizonCed.Att+ 05/18 mmmmm 1,00 — — — —EurizonCed.Att+ 06/18 mmmmm 1,04 — — — —EurizonCed.Att.05/18 mmmmm 0,56 — — — —EurizonCed.Att.06/18 mmmmm 0,57 — — — —EurizonCed.Att.Top05/20 mmmmm 1,97 — — — —EurizonCed.Att.Top06/20 mmmmm 1,91 — — — —EurizonCed.Att.Top07/20 mmmmm 2,12 — — — —EurizonCed.Att.Top10/20 mmmmm — — — — —EurizonGes.At.Cla02/18# mmmmm 0,58 — — — —EurizonGes.At.Cla04/18# mmmmm 0,56 — — — —EurizonGes.At.Cla10/18 mmmmm 0,02 — — — —EurizonGes.At.Cla11/17# mmmmm 0,57 2,20 — — —EurizonGes.At.Cla6/18# mmmmm 0,60 — — — —EurizonGes.At.Cla7/17# mmmmm 0,60 2,44 — — —EurizonGes.At.Cla7/18# mmmmm 0,62 — — — —EurizonGes.At.Cla9/17# mmmmm 0,59 2,58 — — —EurizonGes.At.Din 02/18# mmmmm 1,06 — — — —EurizonGes.At.Din 04/18# mmmmm 1,09 — — — —EurizonGes.At.Din 10/18 mmmmm 0,04 — — — —EurizonGes.At.Din 11/17# mmmmm 0,98 4,80 — — —EurizonGes.At.Din 6/18# mmmmm 1,10 — — — —EurizonGes.At.Din 7/18# mmmmm 1,27 — — — —EurizonGes.At.Din 9/17# mmmmm 0,98 5,09 — — —EurizonGes.At.Din. 7/17# mmmmm 0,95 5,06 — — —EurizonGes.At.Opp02/18# mmmmm 1,24 — — — —EurizonGes.At.Opp04/18# mmmmm 1,28 — — — —EurizonGes.At.Opp10/18 mmmmm 0,02 — — — —EurizonGes.At.Opp11/17# mmmmm 1,21 6,80 — — —EurizonGes.At.Opp6/18# mmmmm 1,30 — — — —EurizonGes.At.Opp7/18# mmmmm 1,33 — — — —EurizonGes.At.Opp9/17# mmmmm 1,22 6,19 — — —EurizonGes.At.Opp.7/17# mmmmm 1,24 5,72 — — —EurizonGest.At.Cla 12/17# mmmmm 0,56 — — — —EurizonGest.At.Din12/17# mmmmm 0,96 — — — —EurizonGest.At.Opp 12/17# mmmmm 1,26 — — — —EurizonGuidaAtt. 10/18 mmmmm — — — — —EurizonObiettivo Rend# mmmmm 0,75 2,00 — 1,53 1,52EurizonProfiloFle Dif.# mmmmm 0,47 2,15 — 1,73 1,86EurizonProfiloFle Equi# mmmmm 0,60 2,70 — 2,09 2,12EurizonProfiloFle Svil# mmmmm 0,84 5,11 — 2,88 2,93EurizonRend.Ass 2anni# mmmmm 0,48 1,99 — 1,53 1,71EurizonRend.Ass 3anni# mmmmm 0,92 2,32 — 1,47 1,90EurizonStra Pro 1tri13G# mmmmm 0,93 0,75 — 0,77 0,84EurizonStra. Flessib 15G mmmmm 0,44 1,56 — 0,93 1,96EurizonStra.Pro 1tri12G# mmmmm 1,51 2,43 — 2,00 2,09EurizonStra.Pro 2tri12G# mmmmm 1,26 2,74 — 1,01 1,66EurizonStra.Pro IIITr11G# mmmmm 1,79 2,57 — 2,68 3,00EurizonTeam 1Cl A# mmmmm -0,10 0,68 — 1,17 1,60







EurizonTeam 1Cl G# mmmmm -0,06 1,05 — 1,34 —EurizonTeam 2Cl A# mmmmm 0,05 1,49 — 1,29 2,37EurizonTeam 2Cl G# mmmmm 0,08 1,79 — 1,58 —EurizonTeam 3 ClA# mmmmm 0,20 2,70 — 1,39 2,12EurizonTeam 3 ClG# mmmmm 0,26 3,21 — 1,87 —EurizonTeam 4Cl A# mmmmm 0,54 4,97 — 1,87 1,88EurizonTeam 4Cl G# mmmmm 0,65 5,54 — 2,43 —EurizonTeam 5Cl A# mmmmm 0,99 5,79 — 2,46 1,78EurizonTeam 5Cl G# mmmmm 1,11 6,46 — 3,06 —Euromob.F3 mmmmm 0,13 0,19 — 1,08 1,50Euromob.Real Assets mmmmm 2,58 -4,82 — -1,40 n.s.Euromob.Strategic Flex mmmmm 0,27 -2,13 — -0,43 0,70Federico Re mmmmm — — — — —FinintSystematic mmmmm 2,39 — — — —FMS- AbsoluteReturn# mmmmm 0,78 0,16 — -1,35 -0,30FocusClasse A mmmmm 1,01 6,31 — — —FocusClasse R mmmmm 0,97 — — 1,65 1,61FoiFlexEurope R mmmmm -1,33 -2,62 — — —FoiFlexEurope T mmmmm -1,27 -2,01 — — —FoiFlexItaly R mmmmm 2,39 11,34 — — —FoiFlexItaly T mmmmm 2,43 11,90 — — —FondacoGlobal Opport. BY mmmmm 0,45 — — — —FondacoGlobal Opport.Y# mmmmm 0,45 -2,66 — 0,40 2,20FonderselWorld All.# mmmmm -2,36 -2,44 — -0,21 -0,53FonditDiver.RealAsset R mmmmm 0,06 — — — —FonditDiver.RealAsset S mmmmm 0,06 — — — —FonditDiver.RealAsset T mmmmm 0,11 — — — —FonditEq GlHigh Div R mmmmm 2,63 22,45 — 6,40 2,41FonditEq GlHigh Div T mmmmm 2,71 19,83 — 5,88 —FonditFlexib StrategyR mmmmm 0,99 -2,89 — -0,06 -0,56FonditFlexib StrategyS mmmmm 0,98 -5,53 — — —FonditFlexib StrategyT mmmmm 1,04 -2,46 — 0,40 —FonditGlobal Income S mmmmm 0,87 — — — —Fonditalia FlRisk ParR mmmmm 1,58 -3,09 — -0,54 0,40Fonditalia FlRisk ParT mmmmm 1,65 -2,56 — 0,09 —Fonditalia FlexibGrowthR mmmmm 1,00 2,01 — 1,41 0,57Fonditalia FlexibGrowthT mmmmm 1,17 2,27 — 1,76 —Formula 1Absolute mmmmm 2,96 11,30 — 1,81 0,03Formula 1Conservative mmmmm 0,97 3,21 — 1,96 0,35Formula 1Target2013 mmmmm 0,94 1,61 — 1,31 0,46Formula 1Target2014 mmmmm 1,37 4,58 — 1,55 -0,40GestielleAbsolute R mmmmm 1,78 10,83 — 1,84 2,31GestielleCed.EuroItalia mmmmm 2,16 — — — —GestielleD Opp.2015 FAFG mmmmm 4,61 11,63 — — —GestielleHarmonia Dinam.# mmmmm 1,62 4,62 — 1,36 2,34GestielleHarmonia Mod.# mmmmm 0,60 3,37 — 1,05 1,91GestielleMult.Ab.Ret# mmmmm 0,78 6,72 — 1,60 —GestielleOb America mmmmm 0,88 8,99 — n.s. n.s.GestielleOb Brasile mmmmm 10,20 -9,50 — -6,30 —GestielleOb Cina mmmmm 2,47 6,47 — n.s. n.s.GestielleOb East Europe mmmmm 5,46 0,48 — n.s. n.s.GestielleOb India mmmmm 5,56 -7,65 — n.s. n.s.GestielleOb Internaz. mmmmm 2,66 14,58 — n.s. n.s.GestielleOb Piu' IIP mmmmm 2,18 10,63 — 4,63 —GestielleOb Piu'P mmmmm 2,46 8,60 — 3,43 —GestielleOb Risp A mmmmm 0,76 7,11 — n.s. n.s.GestielleOb Risp B mmmmm 0,80 7,59 — n.s. n.s.GestielleOb. CedolaP mmmmm 2,46 10,86 — 2,73 —GestielleOb. Em. Mkt mmmmm 5,51 -3,05 — n.s. n.s.GestielleOb. Europa mmmmm 4,42 16,44 — n.s. n.s.

GestielleOb.Italia mmmmm 5,36 15,95 — n.s. n.s.GestnordAsset Allocation mmmmm 0,94 4,68 — 3,07 0,35GIFocus Azionario mmmmm 0,61 -0,25 — 0,99 -0,85IGMFdF Flessibile Cl.A# mmmmm 1,98 3,85 — 1,26 -3,30IGMFdF Flessibile Cl.B# mmmmm 1,95 4,55 — 1,90 -2,72Interf.System Evolution mmmmm 0,50 2,96 — 1,53 0,81InterfundSystem 100 mmmmm 0,35 0,90 — 0,38 -0,37InvestitoriFlessibile mmmmm 1,99 5,27 — 2,54 2,10ItalfortuneGlob TotRet mmmmm 1,91 8,05 — 1,84 n.s.KairosIncome mmmmm -0,03 0,49 — 0,51 0,72KairosSmall Cap mmmmm 0,84 3,78 — 3,34 2,27Macro F.o. mmmmm 0,30 0,10 — 0,40 -0,71MediolanumFleStrateg. mmmmm 0,83 5,09 — 2,91 n.s.MediolanumFles. Ita. mmmmm 7,14 20,02 — 5,18 n.s.MediolanumFles.Glo. mmmmm 2,55 7,58 — 4,56 n.s.PioneerTarget Controllo A mmmmm 0,73 2,88 — 2,04 2,82PioneerTarget Controllo B mmmmm 0,73 2,72 — — —RaiffeisenStrat. Fonds mmmmm 0,80 0,56 — — —Sofia Flex mmmmm — — — — —SoprarnoGlobal Macro A mmmmm -0,13 -1,02 — -1,58 0,05SoprarnoGlobal Macro BY mmmmm -0,08 -0,47 — -1,10 0,53SoprarnoInflaz. 1,5%BY mmmmm 1,35 10,49 — 3,29 3,48SoprarnoInflaz. 1,5%A mmmmm 1,32 10,22 — 3,04 3,23SoprarnoRelat ValueA mmmmm 1,58 13,33 — 2,30 3,75SoprarnoRelat. ValueBY mmmmm 1,63 13,73 — 2,72 4,20SoprarnoRit. Ass A mmmmm 2,15 13,42 — 4,07 3,50SoprarnoRit. Ass. BY mmmmm 2,19 13,96 — 4,62 3,88Star CollMulti As.GlA# mmmmm 1,06 — — — —Star CollMulti As.GlCY# mmmmm — — — — —Symp. AsiaFles. mmmmm 1,95 14,75 — 4,69 4,88Symp. Fortissimo mmmmm 3,96 19,48 — 2,57 1,22Symp. Patrim. Attivo mmmmm 1,53 7,75 — 2,83 3,31Symp. Tematico mmmmm 3,62 7,26 — 3,06 1,69SynergiaTotal Return mmmmm 1,55 6,29 — 2,45 —TempiD'IN-PRESA mmmmm 0,16 3,28 — — —UBIPra. Active Beta mmmmm 0,28 0,24 — -0,81 -1,80UBIPra. Alpha Equity mmmmm 0,02 1,14 — -1,41 -0,46UBIPra. Tot. Ret. Din. mmmmm 0,17 0,47 — -1,52 -1,69UBIPra. Tot.Ret. Moderato A mmmmm 0,10 -1,51 — -1,74 0,52UBIPra. Tot.Ret. Moderato B mmmmm 0,12 -1,34 — -1,56 0,67Unicredit Eco Reale A# mmmmm 1,25 — — — —Unicredit Eco Reale B# mmmmm 1,21 — — — —UniCreditSol.Pa. Em. A mmmmm 1,71 -3,39 — — —UniCreditSol.Pa. Em. B mmmmm 1,66 -3,91 — — —UniCreditSoluzione 20A# mmmmm 0,63 1,13 — — —UniCreditSoluzione 20B# mmmmm 0,60 0,68 — — —UniCreditSoluzione 40A# mmmmm 1,18 3,54 — — —UniCreditSoluzione 40B# mmmmm 1,12 3,01 — — —UniCreditSoluzione 70A# mmmmm 1,80 5,72 — — —UniCreditSoluzione 70B# mmmmm 1,73 5,13 — — —Unicredit TrendA# mmmmm 0,98 — — — —Unicredit TrendB# mmmmm 0,96 — — — —VolterraAbsolute R mmmmm 1,85 10,70 — 1,94 1,69VolterraDinamico mmmmm 1,58 4,20 — 1,20 —VolterraModerato mmmmm 0,66 2,96 — — —ZenitMc Evoluzione Cl.I mmmmm 1,37 1,69 — n.s. n.s.ZenitMc Evoluzione Cl.R mmmmm 1,23 0,39 — n.s. n.s.ZenitMc ParsecCl.I mmmmm 1,86 4,49 — — —ZenitMc ParsecCl.R mmmmm 1,73 3,01 — n.s. n.s.msci world 3,02 14,79 — 12,50 8,69

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 -0,80 0,79 —FLE Ailis RendimentoMisto mmmmm 2,99 0,74 —

alkenfundAER EuropeanOpps R mmmmm 31,89 15,46 13,62AER SmallCap Europe R mmmmm 45,25 17,25 15,67

anima assetmgmtAnimaPrima FundsOEU Bd 2015Multic. Silver mmmmm 3,14 3,94 —AER Europe Eq.Prestige mmmmm 20,00 10,81 6,80OEU LifeShort Term Silver mmmmm -0,17 -0,27 -0,36LEE LiquidityA mmmmm 0,37 0,63 0,73LEE LiquiditySilver mmmmm 0,21 0,48 0,58OEU MediumTerm Bd Prest. mmmmm 3,40 3,00 3,88FLE SecureWorldEq.3Silver mmmmm 2,94 1,81 —OEU Short TermBd Prest. mmmmm 1,10 1,60 1,99FLE Star High Potent.Eur.Prest. mmmmm 11,61 6,44 5,91FLE Star MktNeutralEur.I mmmmm 1,87 3,21 —

aperta sicavOEU EuroCorporateBonds mmmmm 1,72 1,51 2,96LEE EuroReserve mmmmm 0,78 1,02 —OEU Italian Bonds mmmmm 3,94 1,85 2,46

az fund mgmt s.a.Cl. AZ Fund(ACC)FLE ActiveSelection mmmmm 5,60 0,78 —OEU AggregateBond Euro mmmmm 3,07 1,88 2,81OIN AlphaManager Credit mmmmm 2,34 1,96 3,00AIN AlphaManager Equity mmmmm 9,54 2,13 2,69AIN AlphaManager Thematic mmmmm 2,26 0,47 0,41AMA AmericanTrend mmmmm 11,93 9,75 6,06BIL AssetPlus mmmmm 0,84 0,69 1,63BIL AssetPower mmmmm 2,68 1,24 2,14BIL Conservative mmmmm 4,95 3,40 3,21OIN CorporatePremium mmmmm 3,13 2,58 —BIL DividendPremium mmmmm 6,01 2,24 —AZE Em. Market Asia mmmmm -2,97 -1,98 5,00AZE Em. Market Europe mmmmm -5,71 -6,68 -1,84AZE Em. Market Latin America mmmmm -15,56 -10,11 -0,32BIL EuropeanDynamic mmmmm 7,72 3,34 2,36AER EuropeanTrend mmmmm 13,85 1,52 -1,59FLE Formula1 -Absolute mmmmm 11,99 2,51 1,32FLE Formula1 -Alpha Plus mmmmm 1,41 1,55 —FLE Formula1 -Conservative mmmmm 2,62 0,94 -0,30AMP FormulaCom. Trading mmmmm -13,71 -5,96 —FLE FormulaMacro Dyn.Trad. mmmmm 5,43 2,61 —FLE FormulaTarget 2014 mmmmm 3,97 1,34 -0,71OEU Income mmmmm 4,35 2,63 3,05FLE InstitutionalTarget mmmmm 1,34 1,95 —FLE Italian Trend mmmmm 22,73 0,50 -2,84AIN LongTerm Value mmmmm 15,08 5,27 4,80AER Opportunities mmmmm 16,99 5,85 6,07AAP Pacific Trend mmmmm 10,27 4,48 3,00BIL QBond mmmmm 0,80 -0,09 -0,08FLE QProtection mmmmm 4,00 1,72 1,09FLE QTrend mmmmm 6,32 -2,63 -0,60LEE ReserveShort Term mmmmm 1,11 1,22 0,98OMI Solidity mmmmm 3,53 2,20 2,25FLE StrategicTrend mmmmm 10,01 6,32 4,34FLE Trend mmmmm 12,61 10,51 5,78

OAM USIncome mmmmm -8,77 -1,92 0,39

baseinvest.s sicavOIN Bonds-Multicurrency EUR mmmmm -2,85 0,88 —OEU BondsValueEUR mmmmm 6,83 4,50 7,15FLE FlexibleLow Risk Exp. mmmmm 2,94 1,34 —LEE Short TermEUR mmmmm 1,43 1,25 1,30

bgselection sicavAZE Africa&MiddleEast Eq mmmmm 3,23 -2,35 -0,15AEU Anima -Italy Equities mmmmm 12,99 -2,18 -4,22FLE ARC mmmmm 1,56 1,16 1,13FLE ARC10 mmmmm 3,16 2,66 2,28FLE BlackRock -GL MA mmmmm 1,83 1,34 —AAP China&India Eq mmmmm -7,93 -9,63 —AZE EasternEurope Eq mmmmm -7,99 -6,65 -3,27AER GlobalDynamic mmmmm 10,98 4,05 3,86FLE GlobalRisk Managed mmmmm 5,37 2,83 —BIL HSBC-Em. Mkts Solution mmmmm -7,03 -3,54 —AAP Invesco-Asia Gl.Opps mmmmm 1,43 -1,79 —AER Invesco-Europe Eq. mmmmm 14,38 4,58 3,37FLE Kairos -Blend mmmmm 5,72 1,55 —AZE LatinAmerica Eq mmmmm -14,28 -10,90 0,68LEE Liquidity mmmmm 0,66 1,04 1,00FLE MorganStanley- Act.All. mmmmm 5,78 2,64 —AMA MorganStanley-N.Am.Eq. mmmmm 10,71 8,25 4,46AIN PictetWorld Opportun. mmmmm 12,33 6,97 —FLE Swiss&GlobalFlex.Strat. mmmmm 2,11 1,71 —AIN T-Cube mmmmm 11,82 0,86 2,28BIL Vontobel -Gl.Elite mmmmm -1,33 -0,40 —AAP Vontobel Pacific Equities mmmmm -5,54 -4,75 0,00

bnp paribas assetmgmtFondicomuni didiritto franceseFLE Europa AltoPotenziale2 mmmmm 0,25 0,63 —FLE Gar.Eur.3Sett-Gen2010 mmmmm -0,83 0,47 —FLE ImprenditoriVincenti mmmmm -0,80 0,95 —FLE ImprenditoriVincenti2 mmmmm -0,88 0,12 —

bny mellon assetmgmtBNYMellon Global FundsAZE Em. MktsEq. ValueF. mmmmm -7,89 -5,10 5,32OEU EuroGovtBond IdxTrack mmmmm 3,23 3,41 4,56OEU EurolandBond mmmmm 3,85 4,14 7,74OIN GlobalBond mmmmm -9,96 1,35 5,25OIN GlobalBond A$ mmmmm -10,75 0,73 4,49OIN GlobalBond($) mmmmm -10,30 1,24 5,01

cb-accentlux sicavOEU BondEuro mmmmm 3,23 4,45 4,92OIN Swan Bond Opport. mmmmm 2,40 2,40 —FLE Swan Flexible mmmmm 0,34 0,29 —OIN Swan High Yield mmmmm 4,85 3,83 —

credit suisseCSInvest (Lux)FLE IndexBlink B mmmmm 6,85 7,05 4,97OIN LondiniumGlobalBdsB mmmmm 0,59 1,87 4,23AIN LondiniumGlobalEq B mmmmm 15,16 4,69 4,65

dncaOCO DNCAConvertibles mmmmm 10,90 6,91 —SICAVDNCA Invest

datial 02.10.2013 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 9,85 5,90 —OCO DNCAConvertibles mmmmm 10,08 6,12 —FLE DNCAEurose mmmmm 11,52 5,79 6,71FLE DNCAEvolutif mmmmm 18,04 7,51 7,86FLE DNCAMiura mmmmm 10,99 3,12 —

duemmesicavOEU C-QuadratEu I. Plus Cl.C mmmmm 3,54 5,89 —

edmond de rothschild fundOCO Europ.Convert. BdsA C mmmmm 14,75 4,34 7,30

erselgestion inter.eOCO GloberselBCMConvertible mmmmm 9,95 3,38 5,10OEU GloberselCorp. Bond mmmmm 4,50 3,50 4,84AIN GloberselEquity A mmmmm 12,19 10,05 7,40AZE LeaderselEm. Market Mult. mmmmm -3,31 -1,99 5,15OEU LeaderselGlobalAsset mmmmm 0,83 1,23 1,16

eurizoncapital s.a.EpsilonFundOEU EuroBond mmmmm 4,73 5,23 6,87LEE EuroCash mmmmm 1,25 1,59 —EurizonFocus Formula FundFLE FormulaAzioni 2015-1 mmmmm 7,91 — —FLE FormulaAzioni 2015-2 mmmmm 7,08 — —EurizonFocus Riserva DocOIN Obbligaz.Corp.12/2013 mmmmm 1,80 2,15 —OIN Obbligaz.Corp.12/2014 mmmmm 2,56 2,59 —OIN Obbligaz.Corp.12/2014-2 mmmmm 3,10 2,67 —EurizonManager SelectionFundOMI MS10 mmmmm 3,72 3,25 5,11BIL MS20 mmmmm 4,57 3,88 5,37BIL MS40 mmmmm 7,38 5,12 4,67BIL MS70 mmmmm 11,08 8,07 6,47EurizonMultiasset FundBIL Dynamic mmmmm 5,79 2,19 1,74LEE EuroCash mmmmm 0,76 0,96 1,08OMI Trender mmmmm 2,81 1,46 1,35RossiniLux FundOEU Obbligaz.TV mmmmm 4,73 2,10 1,71

eurizoneasyfundActiveMarketOEM BondEmerging Mkts mmmmm -7,47 4,64 8,67OIN BondHigh Yield mmmmm 10,03 6,09 13,51OIN BondHigh Yield mmmmm 11,18 7,25 14,76OEU BondInflation Linked mmmmm 1,05 1,85 2,39OEU BondCorpEur ST mmmmm 4,11 3,97 2,67OEU BondCorp.EurST mmmmm 3,31 3,13 1,64AER EquitySmall Cap Europe mmmmm 18,66 7,84 8,14AER EquitySmall Cap Europe mmmmm 19,89 9,29 9,71ActiveMarket cop.rischio cambioOEM BondEmerging Mkts mmmmm -3,84 4,05 8,50OEM BondEmerging Mkts mmmmm -4,68 3,02 7,38ActiveStrategyFLE AbsoluteAttivo mmmmm 3,94 2,19 1,62FLE AbsolutePrudente mmmmm 3,28 2,08 1,66Limited TrackingErrorOEU BondEUR Float.Rate LTE mmmmm 4,36 1,90 —OEU BondEUR Long T. LTE mmmmm 4,63 3,34 5,24OEU BondEUR Long T. LTE mmmmm 5,67 4,36 6,29OEU BondEUR Medium T. LTE mmmmm 2,00 2,14 3,39

OEU BondEUR Medium T. LTE mmmmm 3,05 3,20 4,46OEU BondEUR Short T. LTE mmmmm 1,36 0,96 1,83OEU BondEUR Short Term LTE mmmmm 2,31 1,91 2,80OIN BondInternational LTE mmmmm -10,46 0,27 3,36OIN BondInternational LTE mmmmm -9,72 1,17 —OAP BondJPY LTE mmmmm -21,83 -3,46 4,10OAM BondUSD LTE mmmmm -7,32 2,26 4,03LEE CashEUR mmmmm 1,42 1,67 1,70LEE CashEUR mmmmm 0,67 0,91 0,95AAP EquityChina LTE mmmmm 5,14 -2,75 7,02AZE EquityEm. Mkts AsiaLTE mmmmm -1,33 0,14 8,91AZE EquityEm. Mkts AsiaLTE mmmmm -2,69 -1,29 7,34AZE EquityEm. Mkts EMEA LTE mmmmm -6,27 -1,69 3,86AZE EquityEm. Mkts LTE mmmmm -5,36 -2,23 —AZE EquityEm. Mkts LTE mmmmm -6,57 -3,57 —AEU EquityEuro LTE mmmmm 19,68 4,82 2,06AEU EquityEuro LTE mmmmm 21,47 6,41 3,62AER EquityEurope LTE mmmmm 14,85 6,91 5,00AER EquityEurope LTE mmmmm 16,56 8,54 6,61AZF EquityFinancial LTE mmmmm 21,82 9,63 2,01AAP EquityJapan LTE mmmmm 25,26 6,66 3,56AAP EquityJapan LTE mmmmm 27,00 8,19 5,06AZE EquityLatinAmerica LTE mmmmm -13,49 -8,03 4,03AMA EquityN.America LTE mmmmm 10,66 12,49 7,92AMA EquityN.America LTE mmmmm 12,29 14,17 9,54AAP EquityOceania LTE mmmmm 5,24 5,19 9,73AAP EquityOceania LTE mmmmm 6,71 6,71 11,33LAM TreasuryUSD mmmmm -4,07 0,74 0,77LAM TreasuryUSD mmmmm -4,78 -0,02 0,01Linea LTE cop. rischio cambioOER BondGBP mmmmm -3,67 3,87 5,49OAP BondJPY mmmmm 1,76 1,66 2,52OAM BondUSD mmmmm -3,36 1,62 3,60AER EquityEurope mmmmm 18,20 6,92 5,76AAP EquityJapan mmmmm 60,56 11,41 0,69AMA EquityNorth America mmmmm 17,41 12,84 7,75

eurizoninvest. sicavAER Europe Equities mmmmm 15,36 7,11 —FLE Scudo mmmmm 2,45 2,59 —

euromobiliare inter. fund sicavEurofundluxOIN AltoRendimento 2014A mmmmm 1,93 3,11 4,75OIN AltoRendimento 2015A mmmmm 2,42 3,31 —FLE DynamicMultimanager B mmmmm 10,49 7,18 5,35LEE EuroCash A mmmmm 0,53 0,98 1,12LEE EuroCash B mmmmm 0,84 1,31 1,44AEU EuroEquity D mmmmm 23,39 2,18 0,07AAP Pacific Eq.A mmmmm 0,99 2,81 9,27OEU QBondAbsolutereturn A mmmmm 1,16 1,21 2,52OEU QBondAbsolutereturn B mmmmm 1,25 1,30 2,76BIL QFund97A mmmmm 0,89 0,35 —FLE TRFlex5 A mmmmm -1,85 3,85 6,50FLE TRFlex5 B mmmmm -1,19 4,51 7,18

european & global invest.sFLE Plurima Fra.AlphaStrNL mmmmm 10,28 3,18 —

fideuramgestions s.a. lussemburgoOEM BondGlb EmMkts mmmmm -6,35 3,03 6,86OAM BondUSD mmmmm -7,10 2,14 3,64AMP Commodities mmmmm -13,74 -2,56 —


1anno 3 anni 5anni


1anno 3 anni 5anni



AZE EqGlb EmMkts Eur mmmmm -2,63 -0,37 7,28AAP EqPac. exJap. A mmmmm 4,82 2,50 7,41AMA EqUSA Advant mmmmm 8,97 11,48 7,45AMA EqUSA Value mmmmm 13,04 12,28 5,16AER EquityEurope mmmmm 15,47 6,15 4,13AEU EquityItaly mmmmm 26,43 4,80 3,03AAP EquityJapan A mmmmm 23,32 4,86 2,20AAP EquityJapan H mmmmm 59,67 10,39 0,31AMA EquityUSA A mmmmm 10,75 12,26 7,29AMA EquityUSA H mmmmm 15,22 11,60 6,39OEU EuroBd LongRisk mmmmm 3,84 2,45 4,92OEU EuroBd LowRisk mmmmm 1,53 2,40 3,70OEU EuroBd Med Risk mmmmm 2,85 3,53 4,76OEU EuroCorp. Bd mmmmm 2,66 3,00 4,88OEU EuroDefensive Bd mmmmm 0,72 1,36 2,12OEU EuroShort Term mmmmm 0,35 0,99 1,05AIN MarshallWaceTops mmmmm 3,08 3,50 —

generali fund mgmt s.a.FLE VoBaFlex mmmmm 9,22 1,83 2,75OMI VoBaMoney Plus mmmmm 1,72 1,21 1,75

generali invest.s sicavOEU EuroBonds mmmmm 2,37 3,41 4,82OEU EuroCorporateBonds mmmmm 3,98 3,95 6,42LEE EuroShort Term Bonds mmmmm 1,17 1,53 1,62FLE Garant1 mmmmm 2,10 3,08 3,23FLE Garant2 mmmmm 3,03 1,28 2,55FLE Garant3 mmmmm 0,49 0,74 1,96FLE Garant4 mmmmm 0,84 0,74 —

gestielleinv. sicavOEU BondEuro (R) mmmmm 2,47 2,11 2,80

hsbcOEU EuroGvt Bd C mmmmm 3,99 3,64 5,15

hsbc global inv. fundsAAP AsiaexJapan Eq. ($) mmmmm -6,90 -3,70 6,16AAP AsiaPac exJapEqH.Dv($) mmmmm 1,33 3,69 9,92AZE BrazilEquity mmmmm -15,72 -10,47 3,65AZE BrazilEquity($) mmmmm -15,30 -10,02 4,17AZE BRIC Equity($) mmmmm -11,23 -7,81 3,61AZE BRIC MktsEq($) mmmmm -3,05 -4,70 3,95AZE BRIC MktsEq($) mmmmm -3,53 -5,18 3,44OEU EuroBond mmmmm 3,85 4,47 6,84OEU EuroCredit Bond mmmmm 5,28 5,60 8,03LEE EuroReserve mmmmm -0,05 0,19 0,40AEU EurolandEquity mmmmm 30,67 6,96 4,40AEU EurolandGrowth mmmmm 17,04 6,51 3,78OEU Europ High Yield Bd mmmmm 10,83 8,96 12,54OEM Glb EmMkts Bond ($) mmmmm -9,74 5,05 10,52OIN GlobalHigh IncomeBond mmmmm -2,21 6,76 —AZE KoreanEquity($) mmmmm -2,42 1,21 7,02AZE Russia Equity($) mmmmm -8,09 -3,47 4,77AZE TurkeyEq mmmmm -3,31 -2,54 12,02AER UKEquity (Gbp) mmmmm 14,76 11,15 7,20

hsbc multi index fundsAMA USEquity BHed mmmmm 16,62 13,49 7,52

julius baer, zurigoJB Multibond

OIN AbsoluteReturn Bd B mmmmm 1,03 1,72 2,64OIN AbsoluteReturn Bd B(Chf) mmmmm -0,42 4,08 6,97OIN AbsoluteReturn Bd Def B mmmmm 0,14 1,25 2,43OIN AbsoluteReturn Bd Plus B mmmmm 0,84 2,51 3,84OIN Cred Opportunities B mmmmm 1,74 4,36 —OAM DollarBond B($) mmmmm -8,12 2,13 4,16OEM EmergingBd EUROB mmmmm -5,03 3,94 8,29OEM EmergingBd USD B($) mmmmm -9,71 4,30 9,86OEU EuroBond B mmmmm 3,27 4,47 —OEU EuroGov.Bd B mmmmm 3,66 3,09 4,10OIN GlobalH.Y. Bond B mmmmm 8,35 6,51 8,34OEM LocalEmerg.Bd B($) mmmmm -9,02 1,53 6,34OER SwissFranc Bond B(Chf) mmmmm -1,35 4,58 8,96OEU TotalReturn Bond B mmmmm 0,25 2,82 4,43JB MulticashLAM JBMMDollar-USD B mmmmm -4,80 0,54 0,40LEE JBMMEuro-EUR B mmmmm -0,29 0,15 0,42LEE JBMMSterling-GBP B mmmmm -4,16 1,54 -0,67LEE JBMMSwiss Franc-CHF B mmmmm -1,30 3,07 5,11JB MulticooperationAMP CommodityB mmmmm -13,54 -1,31 -5,60AMP Commodity-USD/B($) mmmmm -17,50 -0,24 -3,70BIL StrategyBalanced B mmmmm 5,48 5,80 5,97BIL StrategyBalanced B(Chf) mmmmm 4,96 7,19 7,87BIL StrategyIncomeB mmmmm 3,49 4,70 5,47BIL StrategyIncomeB($) mmmmm -0,42 4,61 5,38BIL StrategyIncomeB(Chf) mmmmm 2,34 5,75 7,60JB MultistockAAP AsiaStockB($) mmmmm -5,40 -2,66 4,65AER Eur.Selection FdB mmmmm 16,82 7,32 6,80AER Eur.Small& Mid Cap B mmmmm 29,94 12,75 12,60AEU EuroLarg.Cap StockFd mmmmm 19,88 5,46 —AEU Eurol.ValueSt. B mmmmm 25,05 9,88 5,30AER Europe St. B mmmmm 20,50 6,13 4,22AEU German ValueSt. B mmmmm 20,74 12,44 9,57AIN GlobalEq IncomeB mmmmm 9,17 5,76 3,47AAP JapanStockB(Jpy) mmmmm 22,43 9,34 8,77ACG LuxuryBrands (EUR)B mmmmm 26,07 17,36 18,40AER SwissSmall&Mid CapB(Chf) mmmmm 23,69 9,13 10,40AER SwissSt. B(Chf) mmmmm 25,61 11,74 10,19AMA USLeading St. B($) mmmmm 0,47 12,31 8,35

kairosinter. sicavAMA KIS -America P mmmmm 16,90 9,99 —OER KIS -Bond P mmmmm 4,42 3,45 —FLE KIS -DynamicP mmmmm -1,18 1,07 2,32AAP KIS -Em. MarketsP mmmmm 6,17 -1,32 —FLE KIS -Multi-St.UCITSP mmmmm 6,55 2,26 —AEU KIS -SmallCap P mmmmm 1,66 2,98 2,53

lemanik sicavBIL Italy Cap Retail mmmmm 16,25 0,64 2,52

luxicav sicavAER AzionarioEuropa B mmmmm 31,41 -0,73 -2,42OIN ObbligazionarioB mmmmm 3,60 3,57 5,18

m&ginter. invest. ltdM&G DynamicAllocation FundFLE DynamicAllocationA mmmmm 6,90 6,11 —

mediolanum inter. f.CH - Challenge Funds - Classi Mediolanum


1anno 3 anni 5anni


1anno 3 anni 5anni



ACG Counter CyclEq L mmmmm 8,35 10,32 6,59ACG CyclicalEq L mmmmm 20,81 12,25 9,52AZE Emerg. MktsEq. L mmmmm -4,92 -2,20 4,74AZE Emerg. MktsEq. S mmmmm -5,41 -2,71 4,20AEN Energy Eq.L mmmmm -1,27 3,22 3,44OEU EuroBd L-A mmmmm 2,76 2,06 3,78OEU EuroBd S-B mmmmm 2,10 1,68 3,45OEU EuroIncomeL-A mmmmm 0,65 1,17 1,64AER EuropeanEq.L mmmmm 14,20 6,23 3,06AER EuropeanEq.S mmmmm 13,60 5,66 2,52AZF Financial Eq.L mmmmm 16,55 6,18 -0,53FLE FlexibleL-A mmmmm 1,94 -2,94 -0,76FLE FlexibleS-A mmmmm 1,53 -3,34 -1,17AEU GermanyEq. L mmmmm 17,22 7,86 6,45OIN InternBd L-A mmmmm -15,37 -1,04 —OIN InternBd L-ACop mmmmm -4,32 0,58 2,45OIN InternBd L-B mmmmm -15,65 -1,16 —OIN InternIncL-A mmmmm -12,43 -2,24 —OIN InternIncL-B mmmmm -12,43 -2,26 —AIN InternationalEq L mmmmm 10,17 8,27 4,30AIN InternationalEq S mmmmm 9,70 7,80 3,85AEU Italian Eq.L mmmmm 21,03 2,17 0,50LAM Liquid.US$ S mmmmm -5,17 -0,45 -0,22LEE LiquidityEuroL mmmmm 0,07 0,63 0,72LEE LiquidityEuroS mmmmm -0,05 0,49 0,59AMA NorthAmer. Eq. L mmmmm 9,59 12,17 6,65AAP Pacific Eq Lcop mmmmm 31,83 6,95 —AAP Pacific Eq.L mmmmm 13,47 5,69 3,23OIN Solidity& ReturnS-A mmmmm 3,52 1,55 3,20AEU SpainEq. L-A mmmmm 25,29 3,36 2,23ATE TechnologyEq. L mmmmm 7,74 8,98 7,44MediolanumBest BrandsAIN BlackRockGlb L mmmmm 8,33 5,30 4,58AIN BlackRockGlb L cop mmmmm 11,45 4,72 3,71AIN BlackRockGlb S mmmmm 7,86 4,87 4,15AIN BlackRockGlb S cop mmmmm 11,12 4,38 3,29AIN DWSMegaTrend Sel L mmmmm 4,86 2,53 —AIN DWSMegaTrend Sel Lcop mmmmm 6,86 2,08 —AIN DWSMegaTrend Sel S mmmmm 4,42 2,12 —AIN DWSMegaTrend Sel Scop mmmmm 6,38 1,61 —AZE EmMkts Coll L mmmmm -5,18 -0,91 4,94AZE Em. MktsColl S mmmmm -5,65 -1,40 4,42AIN Eq.Power Coup. Coll L mmmmm 5,58 6,74 3,71AIN Eq.Power Coup. Coll S mmmmm 5,14 6,32 3,30OEU EuroFixedIncomeL B mmmmm 0,25 0,74 1,17AER EuropeanColl L mmmmm 13,32 8,38 5,05AER EuropeanColl Lcop mmmmm 13,91 7,59 4,60FLE F.TempletonEMSel L mmmmm -4,77 -0,84 —FLE F.TempletonEMSel S mmmmm -5,15 -1,24 —OIN Glb High Yield cop LA mmmmm 0,39 4,18 8,38OIN Glb High Yield cop SA mmmmm -0,21 3,84 8,01OIN Glb High Yield cop SB mmmmm -0,89 3,42 7,81OIN Glb High Yield LA mmmmm -3,31 4,70 8,86OIN Glb High Yield LB mmmmm -4,22 4,37 8,65OIN Glb High Yield SA mmmmm -3,60 4,39 8,52OIN Glb High Yield SB mmmmm -4,51 4,23 8,43ATE Glb Tech Coll L mmmmm 5,00 7,45 8,29AIN JPMorganGlb L mmmmm 11,28 6,33 4,65AIN JPMorganGlb Lcop mmmmm 14,98 5,95 3,82AIN JPMorganGlb S mmmmm 10,83 5,90 4,22AIN MStanleyGlb L mmmmm 14,29 8,96 7,04AIN MStanleyGlb Lcop mmmmm 16,08 8,23 6,05AIN MStanleyGlb S mmmmm 13,82 8,52 6,61

AIN MStanleyGlb Scop mmmmm 15,55 7,74 5,61AAP Pacific Coll L mmmmm 10,58 3,02 3,97FLE PimcoInflat StratSel L mmmmm -2,79 1,46 —FLE PimcoInflat StratSel S mmmmm -3,08 1,16 —FLE PremiumCoup.Coll Scop mmmmm 0,91 1,86 —AMA USCollection L mmmmm 11,22 10,61 6,58AMA USCollection Lcop mmmmm 14,39 9,65 5,57PortfolioFund - Classi MediolanumAIN Active100 S mmmmm 7,29 6,16 3,66BIL Active80 S mmmmm 2,96 4,42 2,11AIN AggressivePlus S mmmmm 7,80 6,42 3,81LEE LiquiditySA mmmmm 0,13 0,66 0,86

mfsmeridian funds sicavAAP Asiaex-Japan A1($) mmmmm 0,53 3,93 10,50OEM Emerg.MktsDebt A1($) mmmmm -9,45 4,77 10,06OEM Emerg.Mkts Debt LoC.A1($) mmmmm -10,33 -0,29 —AZE Emerg.MktsEquity A1($) mmmmm -6,23 -0,83 7,31AER Europ.Smaller Comp.A1 mmmmm 17,36 18,42 16,17AER EuropeanRes. A1 mmmmm 19,67 12,11 9,19AER EuropeanValueA1 mmmmm 15,96 12,78 11,24AIN GlobalConcentratedA1($) mmmmm 18,10 14,29 11,83AIN GlobalEquity A1 mmmmm 17,73 14,50 11,30AIN GlobalEquity A1($) mmmmm 17,51 14,21 11,11AIN GlobalResearchA1($) mmmmm 11,78 — —BIL GlobalTotal ReturnA1 mmmmm 5,02 9,05 8,12OAM High Yield A1($) mmmmm -0,23 7,59 9,87OIN Inflat-AdjustedBond A1($) mmmmm -12,44 2,89 3,81AZE LatinAmerican Equity A1($) mmmmm -7,46 -2,08 —OAM LimitedMaturity A1($) mmmmm -4,89 1,31 2,81OAM ResearchBond A1($) mmmmm -6,67 3,17 6,09AMA USConc. Growth A1($) mmmmm 12,81 14,07 10,53OAM USGovernmentBd A1($) mmmmm -7,52 1,67 3,91AMA ValueA1($) mmmmm 15,41 14,27 8,75

morganstanley invest. mgmt ltdARE AsianProperty mmmmm 11,06 7,89 11,22FLE Diversified Alpha Plus mmmmm 9,50 5,94 4,27FLE Diversified Alpha Plus mmmmm 10,56 6,98 5,31OEM EmergingMktsDebt mmmmm -11,75 3,87 8,27OEM EmergingMktsDebt mmmmm -12,61 2,84 7,21OEM EmergingMktsDom. Debt mmmmm -12,57 -0,93 5,85OEM EmergingMktsDom. Debt mmmmm -13,44 -1,92 4,80AZE EmergingMktsEquity mmmmm -1,79 0,42 6,58AZE EmergingMktsEquity mmmmm -2,77 -0,59 5,53AZE EmEurop,M-East&Africa Eq mmmmm 8,95 1,15 2,57AZE EmEurop,M-East&Africa Eq mmmmm 9,99 2,14 3,55OEU EuroBond mmmmm 2,11 2,61 4,72OEU EuroBond mmmmm 3,21 3,64 5,77OEU EuroCorporateBond mmmmm 5,56 4,46 6,97OEU EuroCorporateBond mmmmm 6,58 5,51 8,04OEU EuroStrategicBond mmmmm 2,93 3,09 5,87OEU EuroStrategicBond mmmmm 3,96 4,13 6,93OER Europ.Curr.HighYield Bd mmmmm 11,41 8,51 12,79OER Europ.Curr.HighYield Bd mmmmm 10,36 7,43 11,69AER EuropeanEquityAlpha mmmmm 14,53 8,03 5,95AER EuropeanEquityAlpha mmmmm 15,66 9,13 7,03ARE EuropeanProperty mmmmm 11,71 6,89 3,75AEU Eurozone EquityAlpha mmmmm 24,32 8,85 —OIN GlobalBond mmmmm -6,95 2,18 6,08OIN GlobalBond mmmmm -7,89 1,17 5,03AIN GlobalBrands mmmmm 9,00 11,51 9,83AIN GlobalBrands mmmmm 3,41 11,65 10,64


1anno 3 anni 5anni


1anno 3 anni 5anni



AIN GlobalBrands mmmmm 4,45 12,77 11,75AIN GlobalBrands mmmmm 3,61 11,87 —AIN GlobalBrands mmmmm 7,89 10,39 —OCO GlobalConvertib.Bd mmmmm 10,27 4,30 —OCO GlobalConvertib.Bd mmmmm 11,39 5,37 —OCO GlobalConvertible Bond mmmmm 6,37 6,10 6,72AZI Global Infrastructure mmmmm 7,88 15,04 —AZI Global Infrastructure mmmmm 6,79 13,88 —AZI Global Infrastructure mmmmm 11,57 12,67 —ARE GlobalProperty mmmmm 7,29 8,02 7,61AAP IndianEquity mmmmm -17,11 -12,64 2,69AZE LatinAmerican Equity mmmmm -7,80 -5,15 5,07OEU Short MaturityEuro Bond mmmmm 0,46 1,03 1,87OEU Short MaturityEuro Bond mmmmm 1,46 2,04 2,87AMA USAdvantage mmmmm 20,83 15,14 11,38AMA USAdvantage mmmmm 14,57 15,21 12,08AMA USAdvantage mmmmm 14,80 15,41 11,98AMA USAdvantage mmmmm 15,72 16,35 13,21AMA USAdvantage mmmmm 19,63 13,98 —AMA USGrowth mmmmm 31,58 15,50 13,36AMA USGrowth mmmmm 24,78 15,67 14,32AMA USGrowth mmmmm 26,03 16,84 15,48ARE USProperty mmmmm -1,91 9,31 6,58

nefAZE AzionarioEEMEA mmmmm -4,33 -2,47 1,04AEU AzionarioEuro mmmmm 23,96 10,93 8,58AIN AzionarioGlobale mmmmm 8,85 4,43 1,21AZE AzionarioPaesi Emergenti mmmmm -6,90 3,54 11,72AMA AzionarioStati Uniti mmmmm 11,27 9,34 6,34OEU CedolaR mmmmm -2,66 0,07 -1,12ARE Immobiliare mmmmm 8,10 6,52 4,17OEU Obbligaz.Breve Termine mmmmm 1,43 1,98 2,74OEU Obbligaz.Euro mmmmm 2,48 2,37 4,80OEU Obbligaz.EuroCorporate mmmmm 2,05 3,15 6,19OIN Obbligaz.Globale mmmmm -5,61 0,45 3,09OEM Obbligaz.Paesi Emergenti mmmmm -7,11 2,91 6,14

neutral sicavOIN InflationLinked Bds R mmmmm -4,66 2,15 2,28

new millenniumsicavOEU Augustum CorporateBond mmmmm 7,87 4,22 9,49OEU Augustum High Qual.Bond mmmmm 3,41 2,80 4,79OEU EuroBondsShort Term mmmmm 1,63 1,08 2,25OER LargeEurope Corporate mmmmm 4,20 4,29 6,36FLE Q7Globalflex mmmmm 2,54 -0,92 —

pegaso capital sicavFLE PegasoStrat. TrendRet mmmmm -2,55 1,12 —

pharmawhealth manag. company s.a.AZH Pharma/wHealth($) mmmmm 19,32 13,80 10,30

pimco funds: global investor series plcAMP CommPLUSTMStrE($) mmmmm -19,12 -1,98 -1,50OIN DiversInc EDis($) mmmmm -5,40 5,26 9,88OIN DiversInc EEur hdgAcc E mmmmm -0,99 4,82 9,54OIN DiversInc Ehdg mmmmm -1,01 4,81 —OIN DiversInc E($) mmmmm -5,38 5,27 9,95OEM EmLocal Bd EAcc unh mmmmm -11,18 0,48 —OEM EmLocal Bd EAcc($) mmmmm -11,20 0,46 —OEM EmMkts Bd EAcc($) mmmmm -9,08 4,56 8,91

OEM EmMkts Bd EEur hdgAcc mmmmm -5,01 3,94 8,02OEM EmMkts Bd E($) mmmmm -9,11 4,53 8,87OEM EmMkts CorpBd E mmmmm -1,89 3,31 —OEM Em.Mkts.Cur.E Acc mmmmm -6,62 -0,03 —OEM Em.Mkts.Cur.E Accunh mmmmm -6,56 0,00 —AER EqS Pathfinder Eu E mmmmm 12,09 5,93 —AIN EqS Pathfinder FE mmmmm 6,08 6,02 —OEU EuriborPLUS EAcc mmmmm 0,62 0,77 1,61OEU EuroBond E mmmmm 2,99 4,35 5,87OEU EuroBond EAcc mmmmm 3,07 4,38 5,88OIN Glb Advantage Ehdg mmmmm -3,02 1,93 —OIN Glb Bd EAcc hdg mmmmm -1,06 4,38 7,59OIN Glb Bd EAcc($) mmmmm -5,55 4,66 7,72OIN Glb Bd Ex-US E($) mmmmm -4,31 4,98 7,60OIN Glb H.YBd E($) mmmmm 0,93 7,73 11,21OIN Glb H.Y. Bd EAcc($) mmmmm 1,02 7,76 11,23OIN Glb H.Y. Bd Ehdg Acc mmmmm 5,69 7,19 10,81OIN Glb InvGrCr.E Acc hdg mmmmm -0,67 4,09 8,49OIN Glb InvGrCr.E Acc($) mmmmm -5,15 4,43 —OIN Glb InvGrCr.E($) mmmmm -5,16 4,45 8,68FLE Glb Multi-AssetEAcc hdg mmmmm -7,68 -0,48 —FLE Glb Multi-AssetEAcc($) mmmmm -11,77 0,38 —OIN Glb RealRetE Acchdg mmmmm -4,18 3,36 5,10OIN Glb RealRetE Acc($) mmmmm -8,42 3,70 5,30OIN Glb RealRetE Dis($) mmmmm -8,39 3,71 5,33OIN GlobalBond E($) mmmmm -5,60 4,64 7,73OAM H.Y. Bd EAcc hdg mmmmm 4,88 6,79 10,01OAM H.Y. Bd EAcc($) mmmmm 0,29 7,37 10,39OAM H.Y. Bd E($) mmmmm 0,27 7,36 10,34OAM LowAvg Durat.E Acc hdg mmmmm -1,30 0,82 —OAM LowAvg Durat.E Acc($) mmmmm -5,76 1,22 3,75OAM LowAvg Durat.E($) mmmmm -5,74 1,22 3,75OAM T.R. Bd EAcc hdg mmmmm -2,40 2,04 5,90OAM T.R. Bd EAcc($) mmmmm -6,75 2,41 6,12OAM T.R. Bd E($) mmmmm -6,70 2,42 6,13OIN UnconstrainedBd E mmmmm -1,94 1,08 —OIN UnconstrainedBd E($) mmmmm -6,41 1,38 —

pioneer assetmgmt s.a.Pioneer FundsOIN AbsolutRet.Bond E mmmmm 1,71 1,08 1,23FLE AbsolutRet.M.Str. E mmmmm 2,34 0,57 1,98FLE AbsolutReturn Curr. E mmmmm 0,84 -0,27 0,74AAP China Eq.E mmmmm 10,02 0,51 —AAP China Eq.F mmmmm 9,19 -0,23 —AER Core Europ.Eq. E mmmmm 14,11 9,16 7,80AZE Em. Eur.Med. Eq. E mmmmm -0,21 -1,14 4,13AZE Em. Eur.Med. Eq. F mmmmm -0,96 -1,88 3,36OEM Em. Mark.Bond LCE mmmmm -8,85 0,63 —OEM Em. Mark.Bond LCF mmmmm -9,39 0,03 —OEM Em. MktsBond E mmmmm -1,86 7,15 8,95OEM Em. MktsBond F mmmmm -2,83 6,18 8,04AZE Em. MktsEq. E mmmmm -5,46 -5,59 2,20AZE Em. MktsEq. F mmmmm -6,18 -6,30 1,43OEU EuroAggr.Bond E mmmmm 4,51 4,55 6,51OEU EuroAggr.Bond F mmmmm 4,08 4,12 6,08OEU EuroBond E mmmmm 3,99 3,96 5,45OEU EuroBond F mmmmm 3,42 3,40 4,88OEU EuroCash Plus E mmmmm 1,61 2,30 3,32OEU EuroCorp. Short T.E mmmmm 2,91 2,78 3,16OEU EuroCorp. Short T.F mmmmm 2,54 2,42 2,80OEU EuroCorporateBond E mmmmm 6,04 5,53 7,09OEU EuroCorporateBond F mmmmm 4,79 4,63 5,91


1anno 3 anni 5anni


1anno 3 anni 5anni



OEU EuroH. Y.E mmmmm 9,58 8,25 15,15OEU EuroH. Y.F mmmmm 8,93 7,61 14,46LEE EuroShort T. E mmmmm 0,45 1,30 1,45LEE EuroShort T. F mmmmm 0,11 0,95 1,09OEU EuroStrategicBond E mmmmm 6,37 6,18 12,25OEU EuroStrategicBond F mmmmm 5,74 5,55 11,58AEU EurolandEquity E mmmmm 25,18 11,42 8,22AEU EurolandEquity F mmmmm 23,95 10,49 7,36AER EuropeanEq.Value E mmmmm 18,84 9,13 6,16AER EuropeanPotentialE mmmmm 22,84 16,69 11,69AER EuropeanPotentialF mmmmm 21,91 15,80 10,86AER EuropeanResearchE mmmmm 17,39 9,55 7,65AIN Glb Eq.Tar. IncomeE mmmmm 12,39 8,46 6,71OIN GlobalAggr.Bond E mmmmm -5,62 3,15 6,00AIN GlobalEcology E mmmmm 22,73 11,09 6,00OIN GlobalHigh Yield E mmmmm 0,80 7,42 8,92BIL GlobalMulti Asset E mmmmm 1,96 — —AIN GlobalSelectE mmmmm 15,59 8,72 6,37AAP IndianEquity E mmmmm -18,64 -15,35 -0,63AAP IndianEquity F mmmmm -19,24 -15,96 -1,38AEU Italian EquityE mmmmm 20,90 2,11 -1,33AAP JapaneseEq. E mmmmm 18,93 4,84 2,16AZE LatinAm.Equity E mmmmm -13,52 -9,10 1,75AMA NorthAmerican Bas. Val. E mmmmm 11,12 10,64 6,58OEU Obbl. Euro09/2014 E mmmmm 2,91 1,06 —OEU Obbl. Euro10/2014 E mmmmm 0,59 0,44 —OEU Obbl. Euro11/2014 E mmmmm 0,99 0,96 —OEU Obbl. Euro12/2014 E mmmmm 1,11 1,01 —OIN StrategicIncomeE Hed. mmmmm 1,51 4,67 7,39OIN StrategicIncomeF Hed. mmmmm 0,71 3,54 6,43AER TopEurop. Play. E mmmmm 18,93 11,83 8,85AER TopEurop. Play. F mmmmm 18,06 10,99 8,04OAM U.S.Dollar Aggregate Bd E mmmmm -4,72 4,27 7,19LAM U.S.Dollar Short T. E mmmmm -3,25 2,58 2,81LAM U.S.Dollar Short T. F mmmmm -3,59 2,23 2,45AMA U.S.Fundam. Growth E mmmmm 10,44 17,04 13,28AMA U.S.Fundam. Growth F mmmmm 9,61 16,17 —AMA U.S.Pioneer FundE mmmmm 13,66 11,59 7,17AMA U.S.Pioneer FundE Hed. mmmmm 18,73 10,30 5,32AMA U.S.Pioneer FundF mmmmm 12,65 10,71 6,34AMA U.S.Res. Value E mmmmm 10,75 12,18 7,64AMA U.S.Research E mmmmm 10,89 14,31 10,05AMA U.S.Research EHed. mmmmm 15,86 12,96 7,88AMA U.S.Research F mmmmm 10,07 13,43 9,22OAM USCredit Rec.2014 EHed. mmmmm 1,11 1,39 —AMA UsMidCap ValueE mmmmm 19,03 12,04 7,94Pioneer PFBIL GlobalDefensive20 E mmmmm 4,04 3,81 4,50Pioneer SFOEU EuroCurve1-3y E mmmmm 1,17 1,73 2,42OEU EuroCurve1-3y F mmmmm 0,78 1,33 2,01OEU EuroCurve10+y E mmmmm 4,75 3,44 5,79OEU EuroCurve3-5y E mmmmm 1,97 2,88 4,21OEU EuroCurve3-5y F mmmmm 1,42 2,31 3,63OEU EuroCurve7-10y E mmmmm 4,63 3,80 5,36Pioneer SSFFLE Bric03/12/2015 E mmmmm 2,12 0,63 —FLE Eurostoxx11/2014 E mmmmm 4,57 1,92 —FLE Eurostoxx12/2014 E mmmmm 3,98 1,47 —OAM Obb.Amer. 08/2015 Ehdg mmmmm -0,11 1,58 —OAM Obb.Amer02/2015 Ehdg mmmmm -0,73 0,92 —OAM Obbl.Amer 03/2015E hdg mmmmm -0,18 1,69 —OEU Obbl.Euro 05/2015E mmmmm 1,37 1,19 —

planetarium fundAMA AmericanSelection($) mmmmm 10,85 8,67 —FLE AnthiliaGrey A mmmmm -5,04 -0,54 0,05FLE AnthiliaRed A mmmmm 8,93 1,69 1,75OAM DollarBonds A($) mmmmm -4,13 2,74 3,93OEU Eurocurrencies BondsA mmmmm 3,41 3,10 3,86FLE Flex80 mmmmm 17,35 6,85 3,87FLE Flex90 mmmmm 7,32 4,74 6,74AER FundamentalEurop. Sel. A mmmmm 14,32 7,50 —

popso (suisse) invest. fund sicavOEU EuroBond mmmmm 1,77 2,52 3,77OEU EuroCorporateBd mmmmm 2,26 2,76 —AER EuropeanEquity mmmmm 13,41 4,51 2,33FLE Flex mmmmm 2,71 1,10 1,89OCO GlobalConvertible Bd mmmmm 9,98 5,55 7,51OEU Short MaturityEuro Bond mmmmm 1,76 1,62 1,84OER SwissFranc Bond (Chf) mmmmm 0,19 4,36 7,56OAM UsaDollar Bond ($) mmmmm -5,93 0,65 2,09

rinascimentosicavAER Augustum GAMES mmmmm 19,29 6,64 11,52

robeco samAIN RobecoSAM GlobEqu EUR/B mmmmm 16,95 9,48 6,38AZH RobecoSAMHeal LivEUR/B mmmmm 22,98 11,90 12,76AMP RobecoSAMMaterialEUR/B mmmmm 12,99 9,27 9,30AUT RobecoSAMS.Water EUR/B mmmmm 21,31 9,74 7,72AEN RobecoSAMSmEnergy EUR/B mmmmm -0,18 -3,47 -0,66

roveresicavAER Az. Europa RC mmmmm 19,69 10,69 —BIL Bilanciato Obblig.RC mmmmm 3,04 1,61 —OEU Obbl. B.TermineRC mmmmm 1,32 2,00 —OEU ObbligazionarioRC mmmmm 2,01 3,14 —

sarasin invest.fondssicavAZE SarEmer-Global P($) mmmmm -8,39 -1,80 6,02AIN SarEquiSar-Global-P mmmmm 13,14 8,42 6,21AIN SarEquiSar-IIID P EUR mmmmm 4,55 3,73 1,42BIL SarGl RetP (EUR) mmmmm 6,60 5,35 4,99BIL SarGl Sar-BalancedP (CHF) mmmmm 6,96 6,91 7,00BIL SarGl Sar-BalancedP (EUR) mmmmm 8,29 5,56 4,21BIL SarGl Sar-Growth P (EUR) mmmmm 11,29 — —AEN SarNewPower P mmmmm 4,68 -4,49 -8,83AIN SarOeko Eq-Gl I mmmmm 9,67 7,47 —AIN SarOeko Eq-Gl P mmmmm 8,98 6,78 4,41ARE SarRealEstate Gl P mmmmm 6,69 9,63 5,93OER SarSust Bd P (CHF) mmmmm -1,81 4,49 8,07OEU SarSust Bd P (EUR) mmmmm 0,11 2,06 4,31OIN SarSust Bd-EURCorp. P mmmmm 1,61 — —AER SarSust Eq-EuP mmmmm 17,55 9,28 6,27AZE SarSust Eq-Gl EmMkts P mmmmm -1,82 -2,35 —AIN SarSust Eq-Global P mmmmm 12,27 11,05 5,54ARE SarSust Eq-Real EGl P mmmmm 5,13 7,43 8,50BIL SarSust Por-Balanced P(EUR) mmmmm 7,29 — —AUT SarSust Water P mmmmm 20,00 10,67 11,11

sarasin multi label sicavsemburgoFLE RM Strategic(EUR) mmmmm 11,56 10,31 5,22

symphonia lux sicav


1anno 3 anni 5anni


1anno 3 anni 5anni



FLE SymphoniaAltoValore mmmmm 13,30 2,92 —AIN SymphoniaBestvalue mmmmm 26,84 10,43 —

ubipramericaUBI SicavAAP AsiaPacific Eq.-R mmmmm 12,15 6,57 —AZE EmergingMktsEq.-R mmmmm -4,50 -0,99 —OEU EuroCorp. Bond-R mmmmm 4,17 3,55 —OEU EuroFixedInc.-R mmmmm 1,21 1,52 3,54OIN High Yield Bond-R mmmmm 3,27 7,00 —OEU Short TermEUR R mmmmm 0,89 0,36 —

unipol fondiLEE Liquidità mmmmm 0,14 1,17 1,41AEU PerformanceEuro mmmmm 16,51 4,19 1,30

vontobel invest. fundsOIN AbsRet Bd mmmmm -0,14 0,00 1,96OIN Abs. Return Bd (Chf) mmmmm -1,84 2,40 6,26AMP BelvistaComm. mmmmm -16,71 -3,97 -4,96AAP China StarsEq ($) mmmmm 8,35 1,26 10,46OEM EasternEuropean Bd mmmmm -3,34 0,71 2,86AZE EmergingMktsEq mmmmm -2,77 2,96 10,46AZE EmergingMktsEq ($) mmmmm -6,83 4,12 11,98AZE EmergingMktsEq ($) mmmmm -7,40 3,50 11,32OEU EURCorp Bd Mid Yield mmmmm 6,47 5,83 6,16OEU EuroBd mmmmm 4,36 3,37 4,78LEE EuroMoney mmmmm 0,25 1,11 1,80

AER Europ.Value Eq mmmmm 9,16 13,32 8,89AER Europ.Mid&Sm.CapEq mmmmm 22,22 10,47 10,48AAP FarEastEq ($) mmmmm -4,79 2,24 8,97AEN FutureResources mmmmm 5,31 5,83 —OCO GlbConvertBd mmmmm 11,62 5,22 —AIN GlbValEqEx-US ($) mmmmm 1,26 7,38 7,08AIN GlbValueEq mmmmm 9,44 10,45 7,82AIN GlbValueEq($) mmmmm 4,97 11,78 9,66AEN NewPower mmmmm 19,77 3,99 -0,54OER SwissFranc Bd (Chf) mmmmm -1,34 5,16 8,98AER SwissMid&SmCapEq (Chf) mmmmm 24,00 7,94 8,50LEE SwissMoney (Chf) mmmmm -0,71 3,49 6,14FLE TargetReturn mmmmm 1,27 -0,57 —LAM USDollar Money($) mmmmm -4,35 0,71 1,07AMA USValueEq mmmmm 17,81 15,93 10,13AMA USValueEq ($) mmmmm 12,84 17,17 11,41

willerfundsmanag. comp.WillerbondOER Europ.Currencies mmmmm 0,61 1,53 2,82WillerequityAAP Japan(Jpy) mmmmm 26,30 9,21 4,26AMA NorthAmerica($) mmmmm 14,60 12,66 7,04

zest asset mgmt sicavOEU ActiveBond mmmmm 1,62 1,86 —FLE GlobalStrategyR mmmmm -4,15 1,72 5,38FLE LowVolatility mmmmm 3,26 2,31 —


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) 8,99 6,61 20,34

2 Standard Life Investments LimitedGB0002959582(GBR) 22,99 25,08 19,96

3 Aberdeen Asset ManagersLimitedGB0000100767(GBR) 18,59 32,47 19,68

4 First StateInvestments (Hong Kong) LtdIE0008368742(IRL) 4,49 17,34 19,06

5 LansforsakringarFondforvaltning ABSE0000837338(SWE) 10,29 20,33 19,04

6 SemperConstantia Invest GmbHAT0000831425(AUT) -2,26 10,02 19,01

7 Prosperity CapitalManagement LimitedKYG7273W1078(CYM) 2,82 16,81 18,82


9 Skagen ASNO0010140502(NOR) 2,71 11,60 18,54

10 DanskeInvest InvesteringsforeningenDK0010257831(DNK) 2,09 12,69 18,47

11 SydinvestInvesteringsforeningenDK0010169465(DNK) -2,50 9,35 18,10

12 Allan GrayInternational (Proprietary) LimitedBMG0177P1041(BMU) 8,47 16,32 17,99

13 Eika Kapitalforvaltning ASNO0010199086(NOR) 6,81 11,84 17,58

14 First StateInvestment Management(UK) LimitedGB0007836132(GBR) 16,48 29,83 17,51

15 First StateInvestments (Hong Kong) LtdIE0008369930(IRL) -0,02 13,82 17,50

16 MonedaS.A.BMG6199T1071(BMU) -1,84 16,74 17,41

17 AIMSAsset ManagementSdb BhdVGG0411N1050(VGB) 18,96 21,75 17,22

18 Fondsfinans Kapitalforvaltning ASANO0010165764(NOR) 8,27 14,71 17,20

19 Investeringsforeningen Sydinvest InternationalASDK0016259260(DNK) -1,76 9,20 17,12

20 BlackRock InvestmentManagement (UK) LimitedGB0006436108(GBR) 27,25 24,01 17,06

21 Moneta Asset Management SASFR0000994980 (FRA) 14,88 16,18 16,94

22 PYN Rahastoyhtio OyFI0008803812(FIN) 20,33 31,02 16,88

23 FrostrowCapital LLPGB0000385517(GBR) 39,97 27,23 16,73

24 OpportunityAsset Management LtdKYG676194551(CYM) -12,78 4,76 16,66

25 Jupiter Asset ManagementLtdGB0000197722(GBR) 22,97 22,36 16,66

26 CarlsonFonder ABSE0000432809(SWE) 16,46 19,81 16,50

27 DanskeCapital AS(Norway)NO0010047228(NOR) 11,41 14,77 16,43

28 HandelsbankenFonder ABSE0000356107(SWE) -2,44 8,80 16,38

29 LanneboFonder ABSE0000740698(SWE) 14,02 19,28 16,31

30 PTCiptadana Asset ManagementBMG4762X1002(BMU) -3,86 11,35 16,31

31 ODINForvaltning ASNO0010062953(NOR) 11,11 16,53 16,29

32 Swedbank Robur Fonder ABSE0000602302(SWE) 15,65 19,32 16,21

33 JPMorgan Asset Management(UK) LimitedGB0003419693(GBR) 14,68 14,64 16,21

34 F&CInvestmentBusiness Limited

GB0030738271(GBR) 23,78 4,75 16,1935 DNBAsset Management AS(Sweden)

SE0000432775(SWE) 15,53 18,63 16,0636 BIManagement AS

DK0010174622(DNK) -2,87 7,81 16,0537 HandelsbankenFonder AB

SE0000356065(SWE) 16,33 20,77 16,0438 NordeaRahastoyhtio Suomi Oy

FI0008800438(FIN) 13,42 15,74 16,0439 DanskeCapital AS(Norway)

NO0008000460(NOR) 11,30 15,24 15,9940 Skandia FonderAB

SE0000810814(SWE) 15,44 18,60 15,9141 BlackRock Asset ManagementDeutschland AG

DE000A0H08E0(DEU) 15,47 14,87 15,9142 Fondita Rahastoyhtio Oy

FI0008802871(FIN) 11,85 17,84 15,9043 DNBAsset Management AS

NO0010337819(NOR) 2,50 8,40 15,8844 StorebrandFondene AS

NO0010039688(NOR) 8,26 11,72 15,8145 ParetoForvaltning AS

NO0010110968(NOR) 8,64 13,38 15,7946 DanskeInvest Investeringsforeningen

DK0015710602(DNK) 3,68 13,86 15,7347 BIL Nordic Invest Investeringsforeningen

DK0015762249(DNK) 14,54 13,07 15,7348 BlackRock InvestmentManagement (UK) Limited

GB0005058408(GBR) -9,11 5,22 15,7149 HgCapital Trust PLC

GB0003921052(GBR) 13,68 8,34 15,6750 StorebrandFondene AS

NO0008000841(NOR) 17,01 23,89 15,6451 First StateInvestments (Hong Kong) Ltd

IE0008369823(IRL) 6,52 16,94 15,6152 InvescoFund Managers Ltd

GB0033027706 (GBR) -3,45 7,60 15,5953 Alfred Berg Kapitalforvaltning AS

NO0010089519(NOR) 10,17 12,59 15,5754 Alfred Berg Kapitalforvaltning AS

NO0010105489(NOR) 8,81 12,01 15,5655 ODINForvaltning AS

NO0010062961(NOR) 5,28 2,64 15,5456 DNBAsset Management AS


NO0010080815(NOR) 10,19 13,20 15,4958 DanskeInvest Select Investeringsforeningen A/S

DK0016057474(DNK) 4,09 13,41 15,4459 F&CManagementLimited

GB0000175058(GBR) 21,56 19,26 15,4160 Schroder InvestmentManagement Ltd

GB0006108418(GBR) 28,92 22,77 15,3561 SemperConstantia Invest GmbH

AT0000989090 (AUT) -2,84 9,29 15,2962 DNBAsset Management AS


NO0010044621(NOR) 7,98 11,70 15,2264 Carnegie Kapitalforvaltning AS

NO0010040231(NOR) 9,02 11,30 15,2265 SEBInvest Investeringsforeningen

DK0010260629(DNK) 12,36 12,11 15,2066 Cazenove InvestmentFund Management Limited

GB0031092942(GBR) 29,49 23,72 15,1467 Aberdeen Asset ManagersLimited

GB0000059971(GBR) 20,36 27,15 15,13

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



la top 100 dei fondi esteri

68 HandelsbankenFonder ABSE0000522724 (SWE) 10,93 15,11 15,12

69 LansforsakringarFondforvaltning ABSE0000837239(SWE) 9,05 15,20 15,10

70 Didner & GergeFonder ABSE0000428336 (SWE) 16,94 23,87 15,08

71 Alfred Berg Kapitalforvaltning ASNO0010089402(NOR) 9,56 12,30 15,06

72 DanskeCapital AS(Norway)NO0008000577(NOR) 10,41 14,22 15,04

73 SEB InvestmentManagement ABSE0000434201(SWE) 13,19 17,49 15,03

74 Franklin Templeton Fund Management LimitedGB00B3ZGH246(GBR) 19,98 18,94 15,02

75 StorebrandFondene ASNO0008000940(NOR) 8,94 11,69 15,01

76 First StateInvestments (Hong Kong) LtdIE0031814852 (IRL) 5,78 14,55 15,01

77 Aberdeen Unit TrustManagers LimitedGB0033228197 (GBR) 2,91 13,37 14,99

78 Henderson GlobalInvestors LtdGB0009065060(GBR) 27,06 23,25 14,98

79 DanskeInvest InvesteringsforeningenDK0010264456(DNK) 22,77 25,09 14,98

80 First StateInvestments (Hong Kong) LtdIE0031814969(IRL) 16,39 20,88 14,96

81 JyskeInvest InvesteringsforeningenDK0010251552(DNK) -4,54 5,03 14,94

82 JyskeInvest International InvesteringsforeningDK0016261241(DNK) -4,93 4,09 14,90

83 YFM PrivateEquity LimitedGB0001403152(GBR) 18,59 9,30 14,88


85 OxfordTechnology ManagementLtdGB0006640204(GBR) 79,98 53,70 14,86

86 Fondsfinans Kapitalforvaltning ASANO0010047186(NOR) 6,71 10,40 14,80

87 Old Mutual Fund ManagersLtdGB00B1XG7C26(GBR) 19,72 16,48 14,79

88 ODINForvaltning ASNO0008000023(NOR) 16,39 18,29 14,79

89 Flinvest SAFR0010007542(FRA) 11,07 11,16 14,79

90 UBSFund Management (Switzerland) AGCH0011764310(CHE) 12,00 14,45 14,77

91 Franklin Templeton Investment ManagementGB0008829292 (GBR) -2,65 10,71 14,76

92 Aberdeen Asset Management(London)GB00B1GCL258(GBR) 26,67 23,67 14,73

93 LindsellTrain LtdGB0031977944(GBR) 22,69 21,32 14,73

94 EFG-HermesFinancial Management (Egypt) LimitedBMG2948Y1093(BMU) -10,06 -7,39 14,73

95 Prosperity CapitalManagement LimitedKYG7724U1067(CYM) 3,17 14,62 14,72

96 F&CInvestmentBusiness LimitedNL0000226090(NLD) 27,93 14,42 14,72

97 InvestecFund Managers LtdGB0031075558(GBR) 21,55 21,11 14,71

98 Swedbank Robur Fonder ABSE0000537706(SWE) 10,55 14,54 14,70

99 GustaviaFonder ABSE0001091018(SWE) 12,73 16,09 14,67

100 JPMorgan Asset Management(UK) LimitedGB0003418950(GBR) 0,24 9,54 14,67

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 01.10 13,57 37,73 28,68 49,26BB LineaSerena mmmmm nnnnn 01.10 8,08 26,32 19,77 35,76OBRLineaSicura mmmmm nnnnn 01.10 1,79 — 7,57 10,76BO LineaTranquilla mmmmm nnnnn 01.10 3,17 15,86 11,23 21,93L.A. PrevidenzaBB L.A. Previd. Bilanciata mmmmm nnnnn 30.09 5,81 10,59 7,27 14,83OBRL.A. Previd. Garantita mmmmm nnnnn 30.09 1,12 5,38 4,22 14,83BA L.A. Previd. Internaz. mmmmm nnnnn 30.09 8,87 9,16 8,20 15,11BOCL.A. Previd. Protetta mmmmm nnnnn 30.09 2,23 10,50 4,64 13,37PrevirasOBRLinea1 Obbligaz. mmmmm nnnnn 01.10 0,92 5,50 4,62 9,66BOCLinea2 Obb. Mista mmmmm nnnnn 01.10 2,44 12,12 9,25 21,83BB Linea3 Bilanciata mmmmm nnnnn 01.10 6,65 22,53 16,48 32,49AZ Linea4 Az. Int. mmmmm nnnnn 01.10 12,42 36,01 25,87 43,73

ALMEGLIO DIALLEANZA TOROAZ AlMeglioAzionario mmmmm nnnnn 30.09 10,07 32,93 20,91 15,07BBRAlMeglioBilanciato mmmmm nnnnn 30.09 3,87 18,21 7,54 15,23OBRAlMeglioObbligaz. mmmmm nnnnn 30.09 -0,09 3,50 -2,29 11,26

AMUNDI A. M.SecondaPensioneF.P.A.MO SPDifensiva mmmmm nnnnn 30.09 2,73 7,29 5,79 10,48AZ SPEspansione mmmmm nnnnn 30.09 9,40 16,10 13,04 18,71FLCSPGarantita mmmmm nnnnn 30.09 0,66 4,57 4,98 8,35BO SPProgressiva mmmmm nnnnn 30.09 6,74 13,09 11,77 22,69BO SPSicurezza mmmmm nnnnn 30.09 4,40 10,36 8,41 15,63BB SPSviluppo mmmmm nnnnn 30.09 8,30 14,40 12,79 23,23

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 25.09 7,92 20,06 11,80 11,01BB LineaEquilibrata mmmmm nnnnn 25.09 5,40 13,97 9,26 15,59BO LineaGarantita mmmmm nnnnn 25.09 3,51 7,08 5,60 9,03OB LineaPrudente mmmmm nnnnn 25.09 2,79 9,20 6,26 14,27

AVIVAAvivaBA L.Inv. Azionaria mmmmm nnnnn 13.09 12,81 — 23,12 32,06BB L.Inv. Bilanciata mmmmm nnnnn 13.09 7,33 — 12,83 24,94OB L.Inv.Gar.Rend.Mn.Pres mmmmm nnnnn 13.09 1,40 9,92 3,91 14,58BO L.Inv.Gar.Rest.Capitale mmmmm nnnnn 13.09 2,72 — 6,19 17,05BO L.Inv. Obbligazionaria mmmmm nnnnn 13.09 4,58 — 9,46 21,36

AvivaAss. V. UBI Prev.BA Comparto AggressivoCl.C mmmmm nnnnn 20.09 11,81 18,70 23,82 26,96BA CompartoAggressivo Cl.I mmmmm nnnnn 20.09 11,34 21,69 22,23 32,45BOCCompartoCapital.Sicuro mmmmm nnnnn 20.09 2,17 4,64 1,63 6,27BB CompartoDinamico Cl.C mmmmm nnnnn 20.09 5,96 15,19 16,62 21,03BB CompartoDinamico Cl.I mmmmm nnnnn 20.09 5,69 16,47 15,70 27,61OB CompartoGarantito mmmmm nnnnn 20.09 1,16 7,70 1,86 6,24BO CompartoModeratoCl.C mmmmm nnnnn 20.09 2,04 15,26 9,59 13,97BO CompartoModerato Cl.I mmmmm nnnnn 20.09 1,98 11,05 9,40 21,45BO CompartoPrudente Cl.C mmmmm nnnnn 20.09 1,24 10,02 5,94 9,75BO CompartoPrudente Cl.I mmmmm nnnnn 20.09 1,20 10,02 5,85 17,59

AXAASSICURAZIONIMO CompartoConservativo mmmmm nnnnn 30.09 -0,21 -74,40 0,21 0,78BA CompartoDinamico mmmmm nnnnn 30.09 7,06 24,65 9,30 24,17BO CompartoEquilibrato mmmmm nnnnn 30.09 5,70 20,16 9,05 25,89BORCompartoGarantito mmmmm nnnnn 30.09 1,28 6,79 3,65 9,11BO CompartoPrudente mmmmm nnnnn 30.09 4,05 15,11 8,66 22,80

AXAMPS ASSICURAZIONI VITAAxa MPSPrevidenza in AziendaBB LineaCombinata mmmmm nnnnn 16.09 9,01 19,59 20,40 30,36BO LineaEquilibrio mmmmm nnnnn 16.09 4,65 14,06 12,02 23,03BOCLineaSicura mmmmm nnnnn 16.09 1,14 7,11 3,67 5,18BA LineaSviluppo mmmmm nnnnn 16.09 13,55 21,79 27,13 35,26OB LineaTenuta mmmmm nnnnn 16.09 -0,18 10,30 2,15 13,77Axa MPSPrevidenza perTeBA LineaCrescita mmmmm nnnnn 16.09 13,18 21,79 25,53 33,13BOCLineaGarantita mmmmm nnnnn 16.09 0,75 7,11 2,47 3,40BB LineaMista mmmmm nnnnn 16.09 8,60 19,59 18,93 28,70OB LineaMoneta mmmmm nnnnn 16.09 -0,57 10,30 1,16 12,27BO LineaStabilità mmmmm nnnnn 16.09 4,24 14,06 11,09 22,49

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 31.08 5,22 6,74 3,42 4,09BO LineaEquilibrioA mmmmm nnnnn 31.08 5,51 6,74 5,05 7,56BA LineaInvestimento mmmmm nnnnn 31.08 8,27 4,83 3,64 -5,38BA LineaInvestimento A mmmmm nnnnn 31.08 9,07 4,83 6,04 -1,21OBRLineaTFR mmmmm nnnnn 31.08 1,37 5,76 2,22 4,67OBRLineaTFR A mmmmm nnnnn 31.08 1,90 5,76 3,83 7,56

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 Aureocomparto obbl. mmmmm nnnnn 30.09 0,10 7,75 3,27 13,25

BIM VITABB BimVita Bil.Globale mmmmm nnnnn 30.08 8,56 6,85 6,02 11,21OB BimVita Bond mmmmm nnnnn 30.08 2,79 10,12 6,36 23,08BO BimVita Equilibrio mmmmm nnnnn 30.08 3,00 9,16 5,30 15,35AZ BimVita Equity mmmmm nnnnn 30.08 13,10 4,94 4,60 0,68

CARIGEBB Dinamico mmmmm nnnnn 30.08 7,90 17,94 14,29 14,96BB DinamicoA mmmmm nnnnn 30.08 8,75 17,94 17,07 19,64

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



fondi pensione aperti

BO Equilibrato mmmmm nnnnn 30.08 4,12 12,03 10,35 22,65BO EquilibratoA mmmmm nnnnn 30.08 4,67 12,03 12,12 25,95BOCObiettivoTfr mmmmm nnnnn 30.08 2,27 9,59 4,92 14,80BOCObiettivoTfr A mmmmm nnnnn 30.08 2,62 9,59 6,02 16,83OB Prudente mmmmm nnnnn 30.08 1,89 6,05 5,91 18,47OB PrudenteA mmmmm nnnnn 30.08 2,25 6,05 7,03 20,60

CREDEMPREVIDENZAAZ CompartoAzionario A mmmmm nnnnn 30.08 8,62 28,14 20,20 16,20AZ CompartoAzionario B mmmmm nnnnn 30.08 9,12 28,14 21,84 19,08BB CompartoBilanciato A mmmmm nnnnn 30.08 7,42 17,92 13,44 18,18BB Comparto BilanciatoB mmmmm nnnnn 30.08 7,71 17,92 14,36 19,97FL CompartoFlessibile A mmmmm nnnnn 30.08 — — — —FL CompartoFlessibile B mmmmm nnnnn 30.08 — — — —BORCompartoObb. Gar. A mmmmm nnnnn 30.08 6,27 12,29 8,28 19,60BORCompartoObb. Gar.B mmmmm nnnnn 30.08 6,35 12,29 8,54 20,19

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 01.10 13,72 36,01 28,27 46,84BB LineaSerena mmmmm nnnnn 01.10 7,28 22,53 17,16 34,78OBRLineaSicura mmmmm nnnnn 01.10 0,90 5,50 3,87 9,75BOCLineaTranquilla mmmmm nnnnn 01.10 2,32 12,12 8,10 22,18

FONDIARIA- SAIF.P.A.Conto PrevidenzaAZ CompartoAzion. Cl.A mmmmm nnnnn 30.08 8,48 24,07 21,13 22,28AZ CompartoAzion. Cl.B mmmmm nnnnn 30.08 8,53 24,07 21,31 22,78AZ CompartoAzionario mmmmm nnnnn 30.08 7,60 24,07 18,23 17,34BB CompartoBil. Cl.A mmmmm nnnnn 30.08 5,87 17,36 13,04 23,14BB CompartoBil. Cl.B mmmmm nnnnn 30.08 5,92 17,36 13,20 23,34BB CompartoBilanciato mmmmm nnnnn 30.08 5,26 17,36 11,08 19,26BORCompartoGar. Cl.A mmmmm nnnnn 30.08 3,81 9,16 6,42 18,11BORCompartoGar. Cl.B mmmmm nnnnn 30.08 3,85 9,16 6,58 18,41BORCompartoGarantito mmmmm nnnnn 30.08 3,34 9,16 5,01 15,71OB CompartoObbigaz. mmmmm nnnnn 30.08 -0,31 5,25 2,29 20,52OB CompartoObbl. Cl.A mmmmm nnnnn 30.08 0,12 5,25 3,67 23,20OB CompartoObbl. Cl.B mmmmm nnnnn 30.08 0,17 5,25 3,82 23,55FLRCompartoPremium TFR mmmmm nnnnn 30.08 2,77 — 6,07 19,43F.P.A.Fondiaria PrevidenteAZ CompartoAzionario mmmmm nnnnn 30.08 7,65 24,07 15,19 13,01BB CompartoBilanciato mmmmm nnnnn 30.08 5,36 17,36 11,61 20,46BORCompartoGarantito mmmmm nnnnn 30.08 3,45 9,16 5,48 16,50MO CompartoMonetario mmmmm nnnnn 30.08 1,47 3,49 2,07 6,80OB CompartoObbigaz. mmmmm nnnnn 30.08 0,24 5,25 2,85 20,99F.P.A.SaiOBRLineaPrevi-Bond mmmmm nnnnn 30.08 2,23 10,12 5,27 21,36BORLineaPrevi-Capital mmmmm nnnnn 30.08 2,04 6,22 4,63 13,75AZ LineaPrevi-Europa mmmmm nnnnn 30.08 8,91 3,57 14,34 11,23BORLineaPrevi-Gest mmmmm nnnnn 30.08 2,69 9,16 4,98 14,31AZ LineaPrevi-Global mmmmm nnnnn 30.08 7,30 30,99 23,52 32,77BB LineaPrevi-Mix mmmmm nnnnn 30.08 6,62 6,76 9,98 12,19

GENERALIITALIAPrevigenGlobalBB Balance mmmmm nnnnn 30.08 5,18 8,29 15,23 21,44BORBond mmmmm nnnnn 30.08 3,90 7,63 5,47 19,06AZ Capital mmmmm nnnnn 30.08 8,62 21,74 24,01 15,21PrevigenValoreBB Genbalance mmmmm nnnnn 30.08 4,59 8,29 14,08 19,03OBRGenbond mmmmm nnnnn 30.08 2,41 7,17 2,10 15,10BORGenbondPiù mmmmm nnnnn 30.08 3,22 7,63 3,51 15,14AZ Gencapital mmmmm nnnnn 30.08 8,10 21,74 22,44 9,54

HDIASSICURAZIONIF.P.A.Azionedi PrevidenzaAZ LineaDinamica mmmmm nnnnn 16.09 16,67 12,42 15,81 12,03BO LineaEquilibrata mmmmm nnnnn 16.09 8,52 8,97 12,56 22,06BOCLineaGarantita mmmmm nnnnn 16.09 4,03 2,62 9,91 24,90OB LineaPrudente mmmmm nnnnn 16.09 3,64 1,57 8,93 22,65

INAASSITALIA DIGENERALI ITALIAFondoPensione Aperto INABO Inv. Bilanciato mmmmm nnnnn 31.08 5,06 13,27 10,04 16,46BOCInv. CapitaleGarant. mmmmm nnnnn 31.08 2,35 5,51 5,62 12,07BA Inv. Crescita mmmmm nnnnn 31.08 8,91 20,05 20,61 13,24BO Inv. Protezione mmmmm nnnnn 31.08 2,97 6,89 6,43 10,53BORInv. Rendim.Garant. mmmmm nnnnn 31.08 3,31 8,14 4,58 17,13BO Inv. TFR Garant.2015 mmmmm nnnnn 31.08 9,68 4,23 — —BO Inv. TFR Garant.2023 mmmmm nnnnn 31.08 18,69 4,23 — —BO Inv. TFR Garant.2033 mmmmm nnnnn 31.08 21,39 4,23 — —

INTESASANPAOLO PREVIDENZAC.R.F.PrevidenzaOB Comparto1(obbligaz.) mmmmm nnnnn 30.09 0,33 6,23 3,26 9,05BO Comparto 2(bil./obb.) mmmmm nnnnn 30.09 4,28 12,54 7,51 16,15BB Comparto3 (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 GiustinianoBilanciata mmmmm nnnnn 30.09 6,83 22,74 17,98 33,36OB GiustinianoMonetaria 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 Termine Cl.C mmmmm nnnnn 30.09 1,52 4,21 — —AZ LineaLungo Termine mmmmm nnnnn 30.09 11,97 — 35,18 34,24FL Linea LungoTermine Cl.C mmmmm nnnnn 30.09 8,75 — — —BB LineaMedio Termine mmmmm nnnnn 30.09 8,16 6,98 13,20 16,32FL LineaMedio Termine 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 Piano Previd.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 PianoPrevid.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 RivalutazioneAzionaria 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 LineaObbligazionaria 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 Linea Obbligazionaria mmmmm nnnnn 30.09 3,08 9,77 7,77 20,57

ITAS VITAF.P.A.PensPlan PlurifondsAZ ActivITAS mmmmm nnnnn 15.09 9,86 24,44 14,55 20,80BO AequITAS mmmmm nnnnn 15.09 5,87 19,34 12,70 28,58BOCSecurITAS mmmmm nnnnn 15.09 1,94 3,67 5,51 14,18BO SerenITAS mmmmm nnnnn 15.09 3,02 10,03 8,99 22,19BB SolidITAS mmmmm nnnnn 15.09 7,39 19,64 13,15 22,18AZ SummITAS mmmmm nnnnn 15.09 11,81 30,37 16,28 21,18

MILANO ASS.OBRMilanoBond mmmmm nnnnn 30.08 2,09 10,12 5,17 21,23OBRMilanoBond Cl.A mmmmm nnnnn 30.08 2,50 10,12 6,44 23,67OBRMilanoBond Cl.B mmmmm nnnnn 30.08 2,55 10,12 6,58 23,94AZ MilanoEuropa mmmmm nnnnn 30.08 8,89 3,57 19,31 23,09AZ MilanoEuropa Cl.A mmmmm nnnnn 30.08 9,58 3,57 21,58 27,07AZ MilanoEuropa Cl.B mmmmm nnnnn 30.08 9,63 3,57 21,75 27,39BORMilanoGest mmmmm nnnnn 30.08 3,09 9,16 6,19 21,86BORMilanoGest. Cl.A mmmmm nnnnn 30.08 3,55 9,16 7,63 24,62BORMilanoGest. Cl.B mmmmm nnnnn 30.08 3,60 9,16 7,76 24,86AZ MilanoGlobal mmmmm nnnnn 30.08 6,96 30,99 25,13 35,01AZ MilanoGlobal Cl.A mmmmm nnnnn 30.08 7,64 30,99 27,50 39,31AZ MilanoGlobal Cl.B mmmmm nnnnn 30.08 7,67 30,99 27,66 39,81BB MilanoMix mmmmm nnnnn 30.08 5,15 6,76 12,79 17,94BB MilanoMix Cl.A mmmmm nnnnn 30.08 5,65 6,76 14,37 20,71BB MilanoMix Cl.B mmmmm nnnnn 30.08 5,69 6,76 14,54 21,03FL MilanoPremium TFR mmmmm nnnnn 30.08 2,89 — 6,61 21,62

NATIONALE SUISSEVITABO Previsuisse-C.Crescita mmmmm nnnnn 30.08 4,04 18,12 11,20 19,56BB Previsuisse-C.Dinamica mmmmm nnnnn 30.08 6,22 27,63 13,47 20,03OBCPrevisuisse-C.Garanz. mmmmm nnnnn 30.08 1,88 8,61 4,71 17,84

PENSPLANINVESTPensPlanProfi F.P.A.BB CompartoLinea A mmmmm nnnnn 15.09 5,77 22,55 10,24 22,00BO CompartoLinea B mmmmm nnnnn 15.09 3,26 10,50 8,51 21,06OB CompartoLinea C mmmmm nnnnn 15.09 1,30 6,99 3,70 9,84RaiffeisenF.P.A.BO LineaActivity mmmmm nnnnn 15.09 5,26 9,95 11,98 25,72BA LineaDynamic mmmmm nnnnn 15.09 10,28 11,06 16,25 23,71OB LineaSafe mmmmm nnnnn 15.09 1,93 9,26 6,22 19,55

PIONEER INVESTMENT MGMTUniCreditPrevidenzaAZ LineaAzionaria mmmmm nnnnn 30.08 11,00 26,89 23,85 18,93BB LineaBilanciata mmmmm nnnnn 30.08 8,52 20,33 19,06 20,98BA LineaDataTarget 2035+ mmmmm nnnnn 30.08 8,26 24,46 17,78 21,84

BO LineaDT2015 mmmmm nnnnn 30.08 2,74 14,95 6,91 13,39BO LineaDT2020 mmmmm nnnnn 30.08 5,89 16,71 12,27 20,97BB LineaDT2025 mmmmm nnnnn 30.08 6,52 21,29 14,89 21,94BB LineaDT2030 mmmmm nnnnn 30.08 7,41 24,46 16,37 21,62MO LineaGarantita mmmmm nnnnn 30.08 2,69 5,85 7,05 9,28BO LineaObb. Breve Periodo mmmmm nnnnn 30.08 2,18 11,78 6,29 8,62OB LineaObblig. Reale mmmmm nnnnn 30.08 2,04 8,21 4,44 15,00BO LineaPrudente mmmmm nnnnn 30.08 6,48 12,88 12,48 21,99

POPOLARE VITAOBRPopolareBond mmmmm nnnnn 30.08 2,10 10,12 5,04 21,54OBRPopolareBond Cl.A mmmmm nnnnn 31.07 — — — —OBRPopolareBond Cl.B mmmmm nnnnn — — — — —BORPopolareGest mmmmm nnnnn 30.08 2,88 9,16 5,95 17,11BORPopolareGest Cl.A mmmmm nnnnn 30.08 3,25 9,16 7,08 19,17BORPopolareGest Cl.B mmmmm nnnnn 30.08 3,34 9,16 7,24 —BB PopolareMix mmmmm nnnnn 30.08 5,09 6,76 11,92 15,89BB PopolareMix Cl.A mmmmm nnnnn 30.08 5,52 6,76 13,27 18,16BB PopolareMix Cl.B mmmmm nnnnn 31.10 — — — —

REALE MUTUA ASSICURAZIONIBB Teseo-L.Bilanc.Etica mmmmm nnnnn 31.08 7,29 3,89 10,27 11,51MORTeseo-L.Garan. Etica mmmmm nnnnn 31.08 2,38 5,85 4,76 9,59OB Teseo-L.Prudenz.Etica mmmmm nnnnn 31.08 3,82 9,72 5,93 20,67AZ Teseo-L.Sviluppo Etica mmmmm nnnnn 31.08 12,49 9,34 14,17 -3,86

TORO PREVID. DI ALLEANZA TOROAZ LineaAzionaria mmmmm nnnnn 30.08 8,93 25,85 18,00 13,59AZ LineaAzionaria A mmmmm nnnnn 30.08 9,64 25,85 20,25 17,16AZ LineaAzionaria B mmmmm nnnnn 30.08 9,71 25,85 20,54 17,60AZ LineaAzionaria C mmmmm nnnnn 30.08 9,83 25,85 20,88 18,17BBRLineaBil. Garanzia mmmmm nnnnn 30.08 0,64 12,57 7,15 14,27BBRLineaBil. Garanzia A mmmmm nnnnn 30.08 0,66 12,57 7,17 14,35BBRLineaBil. Garanzia B mmmmm nnnnn 30.08 — 12,72 — —BBRLineaBil. Garanzia C mmmmm nnnnn 30.08 0,65 12,57 7,16 14,34OBRLineaObbl. Garanzia mmmmm nnnnn 30.08 -2,27 4,21 -2,21 9,72OBRLineaObbl. GaranziaA mmmmm nnnnn 30.08 -1,83 4,21 -0,90 12,17OBRLineaObbl. Garanzia B mmmmm nnnnn 30.08 -1,74 4,21 -0,63 12,70OBRLineaObbl. GaranziaC mmmmm nnnnn 30.08 -1,66 4,21 -0,36 13,19

UNIPOL ASSICURAZIONIUnipolInsiemeBOCLineaCrescita mmmmm nnnnn 25.09 4,58 19,06 13,61 29,90BORLineaProtezioneEtica mmmmm nnnnn 25.09 2,92 9,56 7,17 18,12BB LineaSviluppo mmmmm nnnnn 25.09 9,95 21,61 18,23 30,64AZ LineaValore mmmmm nnnnn 25.09 13,70 27,53 23,23 30,98UnipolPrevidenzaOBRLineaA:Obbl.garanz. mmmmm nnnnn 24.09 3,48 11,56 8,89 24,69BORLineaB:Ob.mista gar mmmmm nnnnn 24.09 4,65 12,19 9,11 23,86BO Linea C:Obbligaz. mista mmmmm nnnnn 24.09 5,47 16,57 12,39 27,16BB LineaD:Bilanciata mmmmm nnnnn 24.09 8,17 20,94 15,96 28,01

VITTORIAFORMULA LAVOROAZ PrevidenzaCapitalizz. mmmmm nnnnn 30.08 12,43 24,35 16,27 5,14BB Previdenza Equilibrata mmmmm nnnnn 30.08 11,22 16,48 13,02 16,02BORPrevidenzaGarantita mmmmm nnnnn 30.08 9,07 10,58 8,97 18,90

ZEDOMNIFUNDAZ Azionaria mmmmm nnnnn 30.08 9,90 23,22 14,46 3,02BO Bilanciata30 mmmmm nnnnn 30.08 1,95 11,87 7,34 15,28BA Bilanciata65 mmmmm nnnnn 30.08 8,27 19,30 13,19 10,76OBRGarantita mmmmm nnnnn 30.08 5,35 7,86 2,08 7,42OB Obbligazionaria mmmmm nnnnn 30.08 -1,06 5,78 1,67 17,70





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

ZURICH CONTRIBUTIONOB LineaConservativa mmmmm nnnnn 30.08 -0,68 5,78 0,94 15,32BA LineaDinamica mmmmm nnnnn 30.08 9,48 19,30 16,37 14,24OBRLineaGarantita mmmmm nnnnn 30.08 6,03 7,86 4,79 11,01




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) 260,00 510,676 -49,1 +10,1 +8,3 347518 -0,71 +6,32 +1,76 +66,76 12-2016 +22,8Atlantic2 (12/2015) 177,90 349,891 -49,2 +8,0 +7,9 12227 +7,97 +11,71 +2,89 +27,24 12-2018 +13,6EstenseG.D. (12/2016) 2078,00 2527,897 -17,8 +9,1 +6,4 156687 +2,91 +4,38 -2,90 +44,63 12-2016 +6,1Europa Imm. 1(12/2014) 463,00 1550,178 -70,1 +17,0 — 30627 -13,95 -2,92 -0,88 -1,07 12-2017 +32,4FondoAlpha(06/2015) 939,50 3708,185 -74,7 +23,5 — 93181 +1,15 +8,56 +1,46 -11,20 12-2019 +24,2FondoBeta(02/2015) 320,00 536,195 -40,3 +13,3 — 13519 +7,76 +9,70 -3,03 +10,01 12-2015 +25,5FondoDelta(12/2014) 30,04 98,011 -69,4 +15,1 — 91336 -16,29 -0,30 +4,63 -1,18 12-2017 +31,6Imm. dinamico (12/2020) 64,80 229,033 -71,7 +13,6 — 139373 -12,29 +0,21 +0,86 +14,19 12-2023 +12,9Immobilium 2001(12/2017) 1486,00 4213,550 -64,7 +5,1 — 5767 -3,63 +2,57 +1,43 -2,88 12-2020 +15,2InvestRealSec. (12/2016) 989,50 2210,838 -55,2 +4,6 — 32926 -6,58 +0,52 +1,49 +0,76 12-2016 +27,7Investietico(12/2015) 1497,00 2595,043 -42,3 +11,5 +10,0 83849 +1,11 +4,45 +2,11 +22,60 12-2018 +10,9Med.RE -A(12/2021) 3,60 5,739 -37,2 +10,2 — 69598 -4,20 +1,82 -5,21 +14,35 12-2027 +3,3Med.RE -B(12/2021) 3,27 4,368 -25,1 +10,2 +5,7 109580 -1,24 +1,99 +2,44 -6,79 12-2027 +2,0Obelisco(12/2015) 629,50 1875,010 -66,4 +10,9 — 14896 -14,32 -1,97 +0,72 -0,24 12-2018 +22,8Olinda(12/2014) 105,80 437,236 -75,8 +12,0 — 107290 -3,82 +6,16 -1,31 -2,85 12-2014 +208,1Polis (12/2015) 774,50 1917,847 -59,6 +11,1 — 74832 -2,53 +2,68 -0,13 +28,02 12-2018 +18,6PortfolioImm. (12/2016) 889,50 1422,540 -37,5 +12,3 — 83736 -1,19 +0,85 +0,51 +22,20 12-2016 +15,3RE Europa (12/2016) 914,00 2124,432 -57,0 +13,0 +9,6 301616 -3,99 +1,35 -0,65 +54,38 12-2019 +14,2RE Italia (12/2016) 979,50 2265,096 -56,8 +11,6 +13,3 70405 -0,04 +4,12 -0,20 +22,26 12-2019 +14,2Risp. Imm.1 Energia (12/2018) 7330,00 6860,960 +6,8 +4,5 — 27800 -1,83 -2,64 +6,23 +7,01 12-2021 -0,8Securfondo (12/2014) 1216,00 2195,899 -44,6 +5,0 +3,6 52748 +2,72 +5,04 -1,14 +18,42 12-2017 +14,7Tecla(12/2014) 154,80 336,996 -54,1 +10,3 — 37810 +9,15 +12,92 +0,91 -2,64 12-2014 +85,3UnicreditoImm.1 (12/2014) 1566,00 2973,746 -47,3 +8,8 — 461290 +0,05 +3,77 -0,89 +17,01 12-2020 +9,1ValoreImm. glob. (12/2014) 1488,00 3581,862 -58,5 +17,2 — 32791 -0,82 +2,39 +1,50 -12,47 12-2022 +9,8(Noriskprestaoccasionalmenteeautonomamenteattivitàdi consulenzaafavoredegliemittentidegli strumenti finanziarioggettodi analisi)


EXCHANGE TRADED FUND a cura di

MONETARIOdebitogovernativoAmundi EtfEonia Ucits Etf(C) (FR0010718841)[SinteticaUnfunded:basketsostitutivo (99,73%) Swap(0,27%)] mmmmm 0,14 0,01 96.979 0,01iShares EuroGovernment Bond 0-1Yr Ucits Etf (IE00B3FH7618)[FisicaaCampione] mmmmm 0,20 0,07 46.054 0,16Lyxor Ucits EtfBot Mts Ex-BankItaly (FR0011360676)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,15 0,03 30.087 -valutaEtfs3X Long Jpy Short Eur (JE00B3WDZY68)[SinteticaUnfunded:basketsostitutivo (105%) Swap(100%)] mmmmm 1,83 0,30 94.161 -58,86dbX-Trackers Ii Sterling Cash Ucits Etf(LU0321464652)[SinteticaUnfunded:basketsostitutivo (109,8%) Swap(-9,8%)] mmmmm 0,15 0,45 86.028 -4,08Etfs3X Short Chf Long Eur (JE00B3S71Q64)[SinteticaUnfunded:basketsostitutivo (105%) Swap(100%)] mmmmm 1,83 0,25 38.461 1,12Etfs3X Short Gbp Long Eur (JE00B3RQ6R05)[SinteticaUnfunded:basketsostitutivo (105%) Swap(100%)] mmmmm 1,83 0,25 35.514 7,96AZIONARIOemergentedbX-Trackers Msci EmLatam Index Ucits Etf(LU0292108619)[SinteticaFunded:con Swap(100%)(collaterale119,98%)] mmmmm 0,65 0,64 152.716 -12,04Lyxor EtfSouthAfrica Ftse JseTop 40 Eur (FR0010464446)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,61 135.827 -1,11iShares MsciEastern Europe Capped Ucits Etf(IE00B0M63953)[FisicaaCampione:prestito titoli(8,73%) e collaterale(102,5%-112%)] mmmmm 0,74 0,39 124.941 -2,36Lyxor EtfTaiwan(FR0010444786)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,73 121.923 0,71dbX-Trackers Ftse VietnamUcits Etf (LU0322252924)[SinteticaFunded:con Swap(100%)(collaterale119,46%)] mmmmm 0,85 0,84 118.563 11,56Lyxor EtfThailand (FR0011067529)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 1,99 115.147 3,83dbX-Trackers Cnx Nifty Ucits Etf(LU0292109690)[SinteticaFunded:con Swap(100%)(collaterale119,47%)] mmmmm 0,85 0,74 111.821 -19,17dbX-Trackers Msci TaiwanIndex Ucits Etf(LU0292109187)[SinteticaFunded:con Swap(100%)(collaterale119,41%)] mmmmm 0,65 0,57 108.085 0,85iShares MsciEmerging MarketsUcits Etf (Acc)(IE00B4L5YC18)[FisicaaCampione:prestito titoli(0,82%) ecollaterale (102,5%-112%)] mmmmm 0,75 1,45 95.792 -4,80UbsIrl EtfPlc - Msci Brazil(IE00B6SBCY47)[FisicaCompleta] mmmmm 0,60 0,55 95.205 -dbX-Trackers Msci ChileTrn IndexUcits Etf(LU0592217797)[SinteticaFunded:con Swap(100%)(collaterale120,31%)] mmmmm 0,65 1,12 93.268 -21,18dbX-Trackers Msci Thailand TrnIndex Ucits Etf- 1C (LU0514694701)[SinteticaFunded:con Swap(100%)(collaterale119,36%)] mmmmm 0,50 0,97 84.876 -1,31Lyxor EtfPan Africa (FR0010636464)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,85 1,92 82.848 -27,20Amundi EtfMsciEastern Europe ExRussia Ucits Etf- Eur (FR0010717074)[SinteticaUnfunded:basketsostitutivo (100,12%) Swap(-0,12%)] mmmmm 0,45 0,41 70.998 -0,47Lyxor EtfHsi Euro (FR0010361675)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,81 69.051 7,26Lyxor EtfMsciAc Asia ExJapan - D Eur (FR0010652867)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,50 1,48 65.497 0,82Rbs MarketAccess Dow JonesTurkey Titans 20 IndexsmEtf (LU0269999362)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale101,52%)] mmmmm 0,60 1,23 64.631 -4,30dbX-Trackers Msci EmEmea Index Ucits Etf(LU0292109005)[SinteticaFunded:con Swap(100%)(collaterale115,56%)] mmmmm 0,65 0,74 64.392 -4,97iShares EmergingMarket Infrastructure Ucits Etf(IE00B2NPL135)[FisicaCompleta] mmmmm 0,74 1,11 64.043 2,97iShares MsciPacific Ex-Japan Ucits Etf (IE00B4WXJD03)[FisicaCompleta] mmmmm 0,60 1,39 61.608 5,78Spdr MsciEm Asia Ucits Etf(IE00B466KX20)[FisicaaCampione] mmmmm 0,65 1,03 50.096 -1,84dbX-Trackers S&P/Asx 200 Ucits Etf (LU0328474803)[SinteticaFunded:con Swap(100%)(collaterale110,86%)] mmmmm 0,50 0,59 48.425 5,93dbX-Trackers S&P Select Frontier Ucits Etf(LU0328476410)[SinteticaFunded:con Swap(100%)(collaterale115,54%)] mmmmm 0,95 1,05 45.261 14,41dbX-Trackers Msci Pacific ExJapan TrnIndex Ucits Etf(LU0322252338)[SinteticaFunded:con Swap(100%)(collaterale119,51%)] mmmmm 0,45 0,56 43.843 5,92dbX-Trackers Hsi Short Daily Index Ucits Etf (LU0429790313)[SinteticaFunded:con Swap(100%)(collaterale119,77%)] mmmmm 0,75 0,97 42.868 -19,85Lyxor EtfAustralia S&PAsx 200-A (LU0496786905)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,36 41.005 5,61Lyxor EtfMsciEm Latin AmericaEur (FR0010410266)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,67 39.537 -11,95Amundi EtfMsciPacific Ex JapanUcits Etf(FR0010713669)[SinteticaUnfunded:basketsostitutivo (100,71%)Swap (-0,71%)] mmmmm 0,45 0,30 38.576 5,71Spdr MsciEmerging MarketsUcits Etf (IE00B469F816)[FisicaaCampione] mmmmm 0,65 0,70 36.791 -3,93iShares Asia Property Yield Ucits Etf(IE00B1FZS244)[FisicaCompleta:prestito titoli(6,57%) ecollaterale (102,5%-112%)] mmmmm 0,59 0,47 31.894 0,76iShares Cnx Nifty India Swap (IE00B3YX1R94)[SinteticaFunded:con Swap(100%)(collaterale116,76%)] mmmmm 0,85 0,56 31.747 -19,42UbsEtfsPlc - MsciAc Asia Ex Japan TrnIndex Sf(IE00B7WK2W23)[SinteticaUnfunded:basketsostitutivo (80%)Swap (20%)(collaterale105%)] mmmmm 0,62 1,15 30.010 -iamEtf EmergingMarkets MinimumVariance Eur (LU0705291903)[SinteticaUnfunded:basketsostitutivo (104,12%) Swap(-4,3%)] mmmmm 0,75 0,60 25.720 0,36

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

stelle anno % 30ggÀ %


EXCHANGE TRADED FUND

Lyxor EtfFtse Epra/Nareit Asia Ex-Japan - D Eur (FR0010833541)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 2,33 23.521 0,90Lyxor EtfMsciAc Asia ExJapan Consumer StaplesTr C Eur (FR0010930495)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,65 0,91 23.232 -1,03europaLyxor EtfFtse 100/France (FR0010438127)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,16 149.152 9,65Ubs-EtfMsci Europe (LU0446734104)[FisicaCompleta:prestito titoli(11,58%) e collaterale (105,16%)] mmmmm 0,36 0,26 146.111 16,62Ubs-EtfEuro Stoxx 50 (LU0136234068)[FisicaCompleta:prestito titoli(13,44%) ecollaterale (105,15%)] mmmmm 0,36 0,17 144.896 20,87iShares EuroStoxx De(DE000A0D8Q07)[FisicaCompleta] mmmmm 0,21 0,35 144.106 22,52Lyxor EtfStoxx Europe Select Dividend 30(FR0010378604)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 1,44 140.745 6,88Amundi EtfMsciGermany Ucits Etf(FR0010655712)[SinteticaUnfunded:basketsostitutivo (99,82%)Swap (0,18%)] mmmmm 0,25 0,07 132.082 18,84Amundi EtfMsciEmu Ucits Etf (FR0010655688)[SinteticaUnfunded:basketsostitutivo (99,76%) Swap(0,25%)] mmmmm 0,25 0,30 129.549 21,74dbX-Trackers Ftse 100Short Daily Ucits Etf (LU0328473581)[SinteticaFunded:con Swap(100%)(collaterale119,89%)] mmmmm 0,50 0,26 120.744 -17,97iShares UkDividend Ucits Etf(IE00B0M63060)[FisicaCompleta:prestito titoli(4,72%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,27 116.333 16,41dbX-Trackers Shortdax X2Daily Ucits Etf(LU0411075020)[SinteticaFunded:con Swap(100%)(collaterale119,6%)] mmmmm 0,60 0,27 115.594 -33,71Lyxor EtfStoxx Europe 600Technology (FR0010344796)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,17 108.417 36,84Spdr Etfs- Spdr Msci Europe Consumer DiscretionaryEtf (FR0000001752)[FisicaCompleta:prestito titoli(16,9410353486373%) ecollaterale (105,0532285157%)] mmmmm 0,30 0,57 105.719 33,74dbX-Trackers Stoxx Europe 600 Banks ShortDaily Ucits Etf(LU0322249037)[SinteticaFunded:con Swap(100%)(collaterale120,24%)] mmmmm 0,50 0,49 104.066 -26,47iShares MsciEurope Ucits Etf Acc(IE00B4K48X80)[FisicaCompleta:prestito titoli(1,12%)e collaterale (102,5%-112%)] mmmmm 0,35 0,28 102.287 16,46Lyxor EtfStoxx Europe 600Healthcare (FR0010344879)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,18 100.296 15,11dbX-Trackers - Stoxx Europe 600 Basic Resources Ucits Etf(LU0292100806)[SinteticaFunded:con Swap(100%)(collaterale110,4%)] mmmmm 0,30 0,25 92.446 -7,09Lyxor EtfStoxx Europe 600Food & Beverage (FR0010344861)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,19 84.894 7,16dbX-Trackers Ftse Epra/NareitDevelopedEurope RealEstate Ucits Etf- 1C (LU0489337690)[SinteticaFunded:con Swap(100%)(collaterale110,71%)] mmmmm 0,40 0,37 84.295 13,12Lyxor EtfStoxx Europe 600Industrial Goods & Services(FR0010344887)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,27 82.220 24,79Amundi EtfS&PEurope 350 Ucits Etf(IE0031091428)[FisicaCompleta:prestito titoli(max 25%)e collaterale (105% -110% )] mmmmm 0,35 0,35 78.428 16,86iShares StoxxEurope Select Dividend 30 (DE0002635299)[FisicaCompleta] mmmmm 0,31 0,43 78.234 6,92Amundi EtfLeveragedMsci Europe Daily Ucits Etf(FR0010756080)[SinteticaUnfunded:basketsostitutivo (100,44%) Swap(-0,44%)] mmmmm 0,35 0,59 72.462 33,29Ubs-EtfEuro Stoxx 50 (LU0155367302)[FisicaCompleta:prestito titoli(13,44%) ecollaterale (105,15%)] mmmmm 0,16 0,16 71.344 20,91iShares EuroStoxx 50 Ucits EtfAcc (IE00B4L5YV07)[FisicaCompleta:prestito titoli(3,42%) ecollaterale (102,5%-112%)] mmmmm 0,35 0,16 70.973 20,32Amundi EtfMsciSpain Ucits Etf(FR0010655746)[SinteticaUnfunded:basketsostitutivo (100,32%)Swap (-0,32%)] mmmmm 0,25 0,38 67.060 22,34dbX-Trackers Msci Europe Small CapTrn IndexUcits Etf(LU0322253906)[SinteticaFunded:con Swap(100%)(collaterale110,47%)] mmmmm 0,40 0,49 66.918 27,95Lyxor EtfStoxx Europe 600Travel & Leisure (FR0010344838)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,18 63.991 25,82dbX-Trackers Stoxx Europe 600 InsuranceUcits Etf (LU0292105193)[SinteticaFunded:con Swap(100%)(collaterale113,63%)] mmmmm 0,30 0,45 61.320 29,20iShares EuroStoxx Mid Ucits Etf(IE00B02KXL92)[FisicaCompleta:prestito titoli(14,84%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,86 61.279 26,74Spdr Etfs- Spdr Msci Europe MaterialsEtf (FR0000001794)[FisicaCompleta:prestito titoli(11,7402225579896%) ecollaterale (105,0597731535%)] mmmmm 0,30 0,50 60.657 1,72iShares European PropertyYield Ucits Etf(IE00B0M63284)[FisicaCompleta:prestito titoli(9,77%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,28 52.405 9,73dbX-Trackers Stoxx Europe 600 Food & Beverage Ucits Etf (LU0292105359)[SinteticaFunded:con Swap(100%)(collaterale110,43%)] mmmmm 0,30 0,68 52.394 7,12Lyxor EtfStoxx Europe 600Retail (FR0010344986)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 1,25 47.073 23,92dbX-Trackers Stoxx Europe 600 Industrial Goods Ucits Etf(LU0292106084)[SinteticaFunded:con Swap(100%)(collaterale108,2%)] mmmmm 0,30 0,69 39.985 24,24Lyxor EtfStoxx Europe 600Personal & Household Goods (FR0010344978)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,30 39.194 18,76Amundi EtfMsci Italy Ucits Etf(FR0010655720)[SinteticaUnfunded:basketsostitutivo (100,35%) Swap(-0,35%)] mmmmm 0,25 0,37 38.884 14,66dbX-Trackers Cac 40 Ucits Etf(LU0322250985)[SinteticaUnfunded:basketsostitutivo (100,51%)Swap (-0,51%)] mmmmm 0,20 0,12 38.321 24,33Spdr Etfs- Spdr Msci Europe Financials Etf(FR0000001703)[FisicaCompleta:prestito titoli(10,7433537157019%)e collaterale (105,2739695508%)] mmmmm 0,30 0,49 34.879 28,04Ubs-EtfMsci Emu (LU0446735093)[FisicaCompleta:prestito titoli(24,49%) e collaterale (105,12%)] mmmmm 0,24 0,21 31.347 21,99PowersharesFtse Rafi Europe Small-Mid Fund(IE00B23D8Y98)[FisicaCompleta] mmmmm 0,50 0,57 29.769 26,47





Amundi EtfCac 40Ucits Etf C (FR0007080973)[FisicaCompleta:prestito titoli(max 25%)e collaterale (105% -110% )] mmmmm 0,25 0,15 28.776 25,62Lyxor EtfMsciEmu Value (FR0010168781)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 0,24 28.126 23,23iShares EuroTotal MarketGrowth Large Ucits Etf(IE00B0M62V02)[FisicaCompleta:prestito titoli(3,95%) ecollaterale (102,5%-112%)] mmmmm 0,40 0,21 28.073 19,56dbX-Trackers - Euro Stoxx Select Dividend30 Ucits Etf(LU0292095535)[SinteticaFunded:con Swap(100%)(collaterale110,37%)] mmmmm 0,30 0,47 25.521 12,97iamEtf Europe MinimumVariance Nr(LU0599612842)[SinteticaUnfunded:basketsostitutivo (101%)Swap (-1,06%)] mmmmm 0,65 0,22 25.239 10,91Amundi EtfS&PEuro Ucits Etf (IE0031091642)[FisicaCompleta:prestito titoli(max 25%)e collaterale (105% -110% )] mmmmm 0,35 0,92 24.594 21,92Amundi EtfShort MsciEurope Daily Ucits Etf(FR0010791186)[SinteticaUnfunded:basketsostitutivo (99,96%) Swap(0,04%)] mmmmm 0,35 0,35 24.454 -16,63dbX-Trackers - Dj Stoxx Europe 600Utilities Ucits Etf(LU0292104899)[SinteticaFunded:con Swap(100%)(collaterale110,66%)] mmmmm 0,30 0,46 24.114 5,68Lyxor EtfStoxx Europe 600Financial Services (FR0010345363)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,18 23.911 33,00giapponeUbs-EtfMsci Japan(LU0258212462)[FisicaCompleta:prestito titoli(17,01%)e collaterale (105,22%)] mmmmm 0,56 0,51 42.661 25,06iShares MsciJapan Ucits EtfAcc(IE00B4L5YX21)[FisicaaCampione] mmmmm 0,59 0,30 23.249 24,81globaleiShares MsciWorldUcits Etf Acc(IE00B4L5Y983)[FisicaaCampione] mmmmm 0,50 1,43 126.191 13,90Rbs MarketAccess Nyse Arca Gold Bugs Index Etf(LU0259322260)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale99,05%)] mmmmm 0,70 0,94 80.914 -57,30Lyxor EtfDj GlobalTitans 50 (FR0007075494)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,30 69.097 5,04Lyxor EtfFtse Epra/Nareit GlobalDevelopedD-Eur (FR0010833574)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,65 67.551 5,65dbX-Trackers Msci WorldHealth Care TrnIndex Ucits Etf(LU0540980223)[SinteticaFunded:con Swap(100%)(collaterale119,93%)] mmmmm 0,45 0,56 57.226 18,11Lyxor EtfMsciWorld Consumer DiscretionaryTr (LU0533032008)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 1,10 56.344 30,34Lyxor EtfMsciAll Country WorldEtf (FR0011079466)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,80 54.222 11,87dbX-Trackers Lpx Mm PrivateEquity Ucits Etf(LU0322250712)[SinteticaFunded:con Swap(100%)(collaterale115,15%)] mmmmm 0,70 0,51 48.422 32,31Lyxor EtfMsciWorld HealthCare Tr (LU0533033238)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,85 39.472 18,84iShares GlobalWater Ucits Etf(IE00B1TXK627)[FisicaCompleta:prestito titoli(8,88%) ecollaterale (102,5%-112%)] mmmmm 0,65 0,55 38.453 14,18iShares GlobalCleanEnergy Ucits Etf(IE00B1XNHC34)[FisicaCompleta:prestito titoli(22,49%) e collaterale(102,5%-112%)] mmmmm 0,65 0,58 31.865 46,99Lyxor New Energy(FR0010524777)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,64 28.018 24,78Lyxor EtfWorldWater/France (FR0010527275)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,60 0,68 27.125 18,09Lyxor EtfMsciWorld Telecommunication ServicesTr (LU0533034129)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,61 24.269 9,01nord americaLyxor EtfS&P500 - A(LU0496786574)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,08 122.443 13,19Lyxor EtfDowJones Industrial Average Euro (FR0007056841)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,50 0,09 110.244 8,87Amundi EtfS&P500 Ucits Etf(FR0010892224)[SinteticaUnfunded:basketsostitutivo (100,68%)Swap (-0,68%)] mmmmm 0,15 0,10 99.579 13,24Rbs MarketAccess S&P 500HedgedIndex Etf(LU0562681899)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale99,46%)] mmmmm 0,30 0,60 94.264 17,27Amundi EtfLeveragedMsci UsaDaily Ucits Etf- Usd(FR0010755611)[SinteticaUnfunded:basketsostitutivo (101,65%) Swap(-1,65%)] mmmmm 0,35 0,48 90.206 26,42Amundi EtfMsciUsa Ucits Etf(FR0010688275)[SinteticaUnfunded:basketsostitutivo (100,82%)Swap (-0,82%)] mmmmm 0,28 0,09 89.042 13,70Lyxor EtfCanada S&PTsx 60-A (LU0496786731)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,03 83.869 -3,57dbX-Trackers S&P 500Ucits Etf - 1C(LU0490618542)[SinteticaFunded:con Swap(100%)(collaterale109,89%)] mmmmm 0,20 0,28 79.235 12,96dbX-Trackers S&P 500Euro Hedged Index Ucits Etf(LU0490619193)[SinteticaFunded:con Swap(100%)(collaterale109,89%)] mmmmm 0,30 0,23 78.041 17,75iShares S&P500Ucits Etf Acc(IE00B4L5ZD99)[FisicaCompleta] mmmmm 0,40 0,19 73.273 13,01iShares DowJones U.S. Select Dividend De(DE000A0D8Q49)[FisicaCompleta] mmmmm 0,32 0,76 71.426 12,05dbX-Trackers Msci Canada TrnIndex Ucits Etf(LU0476289540)[SinteticaFunded:con Swap(100%)(collaterale110,88%)] mmmmm 0,35 0,54 62.857 -3,75Lyxor EtfS&P500 CappedFinancials (FR0011192723)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 0,44 58.241 23,45Lyxor EtfFtse Epra/Nareit UnitedStates - D Eur (FR0010833566)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,60 53.288 1,02Amundi EtfShort MsciUsa Daily Ucits Etf(FR0010791194)[SinteticaUnfunded:basketsostitutivo (99,43%)Swap (0,57%)] mmmmm 0,35 0,25 45.292 -14,56Amundi EtfNasdaq-100 Ucits Etf (FR0010892216)[SinteticaUnfunded:basketsostitutivo (100,85%) Swap(-0,85%)] mmmmm 0,23 0,10 42.955 11,51





iamEtf Us MinimumVarianceNr Eur (LU0599612685)[SinteticaUnfunded:basketsostitutivo (100,34%)Swap (-0,39%)] mmmmm 0,65 0,23 25.320 8,70Ubs-EtfMsci Canada (LU0446734955)[FisicaCompleta:prestito titoli(27,9%) e collaterale(105,08%)] mmmmm 0,34 0,41 24.851 -3,38OBBLIGAZIONARIOaggregatoiShares EuroAggregate Bond Ucits Etf(IE00B3DKXQ41)[FisicaaCampione] mmmmm 0,25 0,15 108.667 3,51cdsdbX-Trackers Ii Itraxx Europe Ucits Etf(LU0290358653)[SinteticaUnfunded:basketsostitutivo (95%) Swap(5%)] mmmmm 0,18 0,15 148.976 3,17dbX-Trackers Ii Itraxx Europe 2XShort Daily Ucits Etf (LU0613541589)[SinteticaUnfunded:basketsostitutivo (106,99%) Swap(-6,99%)] mmmmm 0,28 0,34 22.857 -7,38debitoalto rendimentoLyxor Etf Iboxx ? Liquid HighYield 30 Ex-Financial (FR0010975771)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,45 0,19 123.707 9,43debitogovernativoUbs-EtfMarkit IboxxGermany 3-5 (LU0721553435)[FisicaCompleta] mmmmm 0,15 0,06 154.381 -Lyxor Etf Iboxx $ Treasuries 10Y+ (FR0010961003)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,23 141.709 -14,69dbX-Trackers Ii Mts Ex-BankItaly Btp Ucits Etf(LU0613540185)[SinteticaUnfunded:basketsostitutivo (100,37%) Swap(-0,37%)] mmmmm 0,20 0,24 128.537 8,53iShares UkGiltsUcits Etf(IE00B1FZSB30)[FisicaaCampione:prestito titoli(7,52%) ecollaterale (102,5%-112%)] mmmmm 0,20 0,15 125.213 -7,15Amundi EtfShort Govt Bond Euromts Broad Investment Grade 7-10 Daily Ucits Etf(FR0010823450)[SinteticaUnfunded:basketsostitutivo (101,08%) Swap(-1,08%)] mmmmm 0,14 0,15 107.081 -5,44Lyxor EtfMts Btp 1-3Y Italy Government Bond (FR0011313741)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,06 105.401 -dbX-Trackers Ii Global SovereignUcits Etf-Eur (LU0378818131)[SinteticaUnfunded:basketsostitutivo (103,22%)Swap(-3,22%)] mmmmm 0,25 0,30 94.269 -0,24dbX-Trackers Ii Iboxx SovereignsEurozone 5-7 Ucits Etf(LU0290357176)[SinteticaUnfunded:basketsostitutivo (98,77%) Swap(1,23%)] mmmmm 0,15 0,14 76.176 4,81iShares Italy GovernmentBond Ucits Etf(IE00B7LW6Y90)[FisicaaCampione] mmmmm 0,20 0,10 75.668 8,91dbX-Trackers Ii Iboxx ? SovereignsEurozone Yield PlusUcits Etf(LU0524480265)[SinteticaUnfunded:basketsostitutivo (100,28%)Swap (-0,28%)] mmmmm 0,15 0,25 74.852 9,19Lyxor EtfEuromts 10-15YInvestment Grade - Eur (FR0010037242)[FisicaCompleta] mmmmm 0,17 0,06 68.812 7,35dbX-Trackers Ii Iboxx SovereignsEurozone Ucits Etf(LU0290355717)[SinteticaUnfunded:basketsostitutivo (99,26%) Swap(0,74%)] mmmmm 0,15 0,18 68.654 4,04Amundi EtfGovt Bond Euromts Broad Investment Grade 1-3Ucits Etf(C) (FR0010754135)[SinteticaUnfunded:basketsostitutivo (100,95%) Swap(-0,95%)] mmmmm 0,14 0,07 59.675 1,78iShares EuroGovernment Bond Ucits Etf (IE00B4WXJJ64)[FisicaaCampione] mmmmm 0,20 0,11 55.943 4,02Amundi EtfGovt Bond Highest Rated EuromtsInvestment Grade Ucits EtfC (FR0010930636)[SinteticaUnfunded:basketsostitutivo (101,46%) Swap(-1,46%)] mmmmm 0,14 0,11 40.024 0,34Lyxor Etf Iboxx $ Treasuries 1-3Y (FR0010960955)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,17 0,10 37.066 -4,56Ubs-EtfBarclays Capital Us 1-3Year Treasury Bond (LU0721552544)[FisicaCompleta] mmmmm 0,22 0,23 35.909 -Amundi EtfGovt Bond Euromts Broad Investment Grade Ucits Etf(C) (FR0010754192)[SinteticaUnfunded:basketsostitutivo (100,94%)Swap (-0,94%)] mmmmm 0,14 0,12 34.688 4,13iShares EuroGovernment Bond 15-30YrUcits Etf(IE00B1FZS913)[FisicaaCampione:prestito titoli(12,8%) e collaterale(102,5%-112%)] mmmmm 0,20 0,12 33.459 5,22Amundi EtfShort Govt Bond Euromts Broad Investment Grade 1-3 Daily Ucits Etf(FR0010821876)[SinteticaUnfunded:basketsostitutivo (100,88%)Swap (-0,88%)] mmmmm 0,14 0,09 33.148 -1,98iShares EuroGovernment Bond 10-15Yr Ucits Etf (IE00B4WXJH41)[FisicaCompleta] mmmmm 0,20 0,13 32.311 7,34Amundi EtfShort Govt Bond Euromts Broad Investment Grade 5-7 Daily Ucits Etf(FR0010823443)[SinteticaUnfunded:basketsostitutivo (100,82%)Swap (-0,82%)] mmmmm 0,14 0,11 31.854 -4,88Lyxor EtfEuromts 15+YInvestment Grade - Eur(FR0010481093)[FisicaCompleta] mmmmm 0,17 0,09 25.412 5,06debitosocietarioiShares EuroCovered Bond Ucit Etf(IE00B3B8Q275)[FisicaaCampione] mmmmm 0,20 0,13 155.683 4,69Amundi EtfEuro Corporates Ucits EtfC (FR0010754119)[SinteticaUnfunded:basketsostitutivo (101,04%)Swap(-1,04%)] mmmmm 0,16 0,24 84.338 2,60dbX-Trackers Ii IboxxLiquid Corporate Ucits Etf(LU0478205379)[SinteticaUnfunded:basketsostitutivo (101,17%) Swap(-1,17%)] mmmmm 0,20 0,27 27.322 2,38emergenteAmundi EtfGlobalEmerging Bond Markit Iboxx Ucits Etf(C) (FR0010959668)[SinteticaUnfunded:basketsostitutivo (101,66%)Swap (-1,66%)] mmmmm 0,30 0,55 33.834 -12,81inflazionedbX-Trackers Ii Iboxx EuroInflation-Linked Ucits Etf(LU0290358224)[SinteticaUnfunded:basketsostitutivo (100,77%) Swap(-0,77%)] mmmmm 0,20 0,30 152.184 2,22Lyxor EtfEuromts InflationLinked Investment Grade - Eur(FR0010174292)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,20 0,11 140.023 2,17iShares EuroInflation Linked GovernmentBond Ucits Etf(IE00B0M62X26)[FisicaCompleta:prestito titoli(34,24%) e collaterale (102,5%-112%)] mmmmm 0,25 0,24 54.067 -1,67MATERIE PRIMEagricolturaEtfsAgriculture Dj-Ubsci (GB00B15KYH63)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,41 130.628 -22,46





EtfsDaily LeveragedCorn (JE00B2NFTG43)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,55 106.906 -59,80EtfsDaily LeveragedSoybeans (JE00B2NFTV93)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,34 70.868 -13,12EtfsDaily LeveragedSugar (JE00B2NFTW01)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,44 53.555 -38,87EtfsDaily LeveragedCocoa (JE00B2NFV803)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,60 47.968 -2,80EtfsDaily LeveragedCotton (JE00B2NFTH59)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,41 42.181 25,81EtfsDaily Short Soybeans (JE00B24DKP38)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,15 38.178 -8,80EtfsDaily Short Wheat(JE00B24DKR51)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,20 37.280 20,90EtfsDaily Short Coffee (JE00B24DK538)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,26 33.047 52,85bestiameEtfsLivestockDj-Aigsm (GB00B15KYK92)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,31 37.536 -5,26EtfsDaily LeveragedLean Hogs (JE00B2NFTN10)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,43 28.797 8,02cerealiEtfsWheat(GB00B15KY765)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,24 101.082 -30,30EtfsCorn (GB00B15KXS04)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,22 71.267 -35,52EtfsSoybeans (GB00B15KY542)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,16 49.511 -6,97diversificatoEtfx Dj-UbsAll CommoditiesForward 3 Month Fund(IE00B4WPHX27)[SinteticaUnfunded:basketsostitutivo (109%) Swap(100%)] mmmmm 0,55 0,42 87.830 -Lyxor EtfCommoditiesCrb Non-Energy (FR0010346205)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,35 0,89 51.185 -19,41dbX-Trackers Dblci-Oy BalancedUcits Etf (LU0292106167)[SinteticaFunded:con Swap(100%)(collaterale110,13%)] mmmmm 0,55 0,16 47.822 -14,58Rbs MarketAccess Rogers International CommodityIndex Etf(LU0249326488)[SinteticaUnfunded:basketsostitutivo (0%)Swap (100%)(collaterale98,81%)] mmmmm 0,70 0,52 27.459 -11,82energiaEtfsBrent 1Mth Securities (GB00B0CTWC01)[SinteticaFunded:con Swap(100%)] mmmmm 0,49 0,13 135.130 -0,11EtfsWti 2Mth Securities (GB00B0CTWK84)[SinteticaFunded:con Swap(100%)] mmmmm 0,49 0,13 124.337 4,55EtfsDaily LeveragedBrent Crude (JE00B789ZG89)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,98 0,28 34.060 -2,89EtfsDaily LeveragedGasoline (JE00B2NFTK88)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,27 33.372 -16,20DbBrent CrudeBooster Etc Eur (DE000A1KYN55)[SinteticaFunded:con Swap(100%)(collaterale119%)] mmmmm 0,45 0,23 32.277 -4,22EtfsGasoline (GB00B15KXW40)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,13 29.528 -8,55metalli industrialiEtfsAluminium(GB00B15KXN58)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,31 130.179 -24,45EtfsNickel (GB00B15KY211)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,25 108.307 -31,30EtfsZinc (GB00B15KY872)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,25 37.431 -21,13Amundi EtfCommoditiesS&P Gsci Metals Ucits EtfC (FR0010821744)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,42 32.484 -26,47EtfsDaily LeveragedAluminium (JE00B2NFTC05)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 0,39 29.570 -42,47metallipreziosiEtfsGold (GB00B15KXX56)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,27 150.026 -30,73EtfsPhysical Platinum (JE00B1VS2W53)[FisicaCompleta] mmmmm 0,49 0,65 134.253 -21,65DbPhysical Silver EuroHedged Etc (DE000A1EK0J7)[FisicaCompleta] mmmmm 0,75 0,77 100.371 -38,60EtfsSilver(GB00B15KY328)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,14 70.892 -41,69EtfsPhysical Palladium (JE00B1VS3002)[FisicaCompleta] mmmmm 0,49 0,77 56.706 4,17Lyxor Etn Gold Usd (XS0416722857)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,30 0,42 50.661 -29,86EtfsPhysical Pm Basket (JE00B1VS3W29)[FisicaCompleta] mmmmm 0,43 0,51 44.244 -28,79EtfsPrecious Metals Dj-Ubscism (GB00B15KYF40)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,74 42.764 -33,62EtfsDaily LeveragedPlatinum (JE00B2NFV134)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 1,03 1,06 40.306 -40,35Lyxor Etn Short Gold Eur (XS0416711736)[SinteticaUnfunded:basketsostitutivo (100%)Swap(0%)] mmmmm 0,40 1,36 32.440 23,05EtfsPhysical SwissGold (JE00B588CD74)[FisicaCompleta] mmmmm 0,39 0,30 29.751 -29,70





DbPhysical Platinum Euro Hedged Etc (DE000A1EK0H1)[FisicaCompleta] mmmmm 0,75 1,15 27.455 -18,43EtfsDaily Hedged Gold (JE00B4RKQV36)[SinteticaFunded:con Swap(100%)(collaterale109%)] mmmmm 0,49 1,27 24.505 -27,87softsEtfsCoffee (GB00B15KXP72)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,31 150.761 -46,39EtfsSugar (GB00B15KY658)[SinteticaFunded:con Swap(100%)(collaterale106%)] mmmmm 0,49 0,30 50.995 -22,27EtfsDaily Hedged Sugar(JE00B6X05031)[SinteticaFunded:con Swap(100%)(collaterale109%)] mmmmm 0,49 0,35 29.015 -18,87




Plus24-IlSole24Ore 5OTTOBRE &numeri indici

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