having independent financial analysis is a perfromance's advantage!

1. 1
FORECAST TO PERFORM
The financial industry is accustomed to investing heavily in research and analysis. Consider that the
average ratio between the cost of a simple negotiation and the cost of trading enhanced by research is 1
to 6: for every Euro invested in trading itself more than 6 are invested in research (1).
The purpose of the research is to obtain advantages in terms of information that allow an improvement
in risk-adjusted returns.
Thus, receiving independent financial analyses results in a significant increase of the sought-after
information benefits.
Ambrosetti Asset Management Sim is specialised in independent financial analyses developed by Evidence
Based Performance Analysis® type proprietary models.
Using Ambrosetti forecasts Asset SIM Management means obtaining information advantages that can be
summarised in the following two aspects:
A. Probabilistic measurement of final expected value (real case)
(1) Our "2016 brokerage fees vs research fees" shows an average cost of purely equity trading services of
2 bps compared to a cost of trading and research of 12 bps.
Expiry Date
Expected Value
> 46019.55
DATA
ANALYSIS
23/03/16
REGISTERED
VALUE
31/08/16
BUY/HOLD OPPORTUNITIES
Tool Asset Class Data Analysis Expiry Date
Expiry Date
Expected Value
Expiry Date
Registered Value
Mexican Stock Exchange
Mexican Bolsa MEXBOL
Azioni 23/03/2016 31/08/2016 > 46019.55 47541.32
Investment Solutions
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2. 2
B. Probabilistic calculation of future fluctuation range (real case)
The forward-looking approach of Ambrosetti Asset Management SIM is therefore objective in terms of
its estimates and measurable results. Having a success rate as far away as possible from 50% (a
percentage that represents total randomness) means accumulating information advantages.
We show below the results of the analyses published by Ambrosetti Asset Management SIM over time
on stocks, bonds, currencies, commodities and mutual funds. .
From January 2013... In 2016... In September
This data demonstrates the extreme reliability AAM forecasts.
Number of analyses 824
Success rate 66%
OUTCOME
Number of analyses 88
Success rate 78%
OUTCOME
Number of analyses 15
Success rate 93%
OUTCOME
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3. 3
As can be seen, the average success rate was equal to 47.4%, the same as tossing a coin!
In addition, AAM results are ranked among the top positions.
The use of research and analysis services on specific investment solutions by our clients have created,
from 2003 to 2015, an average annual excess return of about 4.5% (data from certified financial
statements).
Our clients usually appreciate two different kind of services:
1- SYSTEMATIC DECISION SUPPORT
In any case we compare these results with a benchmark represented by the study published by CXO
Advisory, a US research firm, which covers more than 6,500 financial forecasts issued by 68 US
experts over several years ( http://www.cxoadvisory.com/gurus/).
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4. 4
AZIONARIEOBBLIGAZIONARIE
STRATEGY Perf 2015 Vol 2015
VOLCOR (T) 16.16% 16.14%
ALPHA PLUS M (T) 18.39% 20.07%
ALPHA PLUS Q (T) 17.95% 19.49%
ACTIVE BOND
SELECTION
OICVM (F)
2.08% 2.75%
ACTIVE BOND
SELECTION
TITOLI (T)
1.48% 1.86%
AAGF 0%-25%
AZIONI (F)
4.29% 3.84%
AAGF 0%-50%
AZIONI (F)
7.23% 5.48%
AAGF 0%-75%
AZIONI (F)
10.54% 7.72%
AAGF 0%-100%
AZIONI (F)
9.59% 7.95%
COMPOSTE
STRATEGY Perf 2015 Vol 2015
ALESSIA
VOLCOR BETA
ZERO (T)
8.68% 7.71%
COMPAM
ACTIVE BOND
PLUS (T)
2.93% 4.03%
ARCIPELAGOS
GLOBAL
PROFESSIONAL
(F)
5.43% 6.96%
2- CONSULENZA INTEGRATA
Non-binding indicative benchmarks Perf 2015 Vol 2015
MSCI World Local Currency 0,15% 13,45%
DJ Eurostoxx50 Net Return 6,42% 23,14%
Bloomberg Effas Bond Indices Euro Govt All > 1Yr TR 1,97% 4,77%
To follow, some return on our investment’s strategies during 2015.
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5. 5
we are at your disposal for further information on +39 031 338391 or at the following email address:
comunicazioni@ambrosettiam.com.
Hoping to help you achieve profitable decisions we wish you good performance results!
Ambrosetti Asset Management SIM S.p.A.
DISCLAIMER
The trademarks: Ebpa®, Morgana Predictor® and Investimenti Consapevoli® are
proprietary trademarks registered by Ambrosetti Asset Management SIM.
Morgana Predictor© and VolCor© are protected by the laws on copyright.
This material is intended solely for professional investors and serves as an
informative support solely to the address of the recipient to inform the same on
a personal basis. The data, opinions, and, in general, the contents of the
documents made available therefore are not an "investment solicitation"
pursuant to article 1(1) letter t) of Legislative Decree 58/1998 and nor does it
constitute investment advice or recommendations pursuant to article 1(5) letter
f) of Legislative Decree 58/1998. The statistics shown are the result of rigorous
calculations conducted by AAM using proprietary tools. Past performance is no
guarantee of future performance.
Riccardo Ambrosetti Alessandro Allegri Massimo Tripodi
Chairman CEO Sales Manager
2003-2016
This document is only for professional investors – Copying and unauthorized distribution is forbidden
COMPANY INFO
AMBROSETTI ASSET MANAGEMENT SIM SPA
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TEL. +39 031 338391 – FAX +39 031 3383999
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