La rappresentazione delle performance nei fondi pensione: leggibilità e comparabilità nelle note informative

[Machine translation] The article focuses on the readability and comparability of the key information reported, in the information notes of Italian open pension funds, with reference to the representation, of performances. The topic was investigated through two different, methodological approaches: analyzing the data relating to a sample of 206 compartments of 42, pension funds and through a survey of a focus group of potential investors. Le, Evidences that have emerged show how the current representation, based on the comparison between, fund performance and related benchmarks, make it difficult to frame performance, within general market trends and does not allow you to easily compare, the results achieved by different funds. The answers obtained under the, Focus groups also highlight that the type of information and graphic representation, Provided influence the preferences of potential investors and what alternative graphic models, could improve the clarity and comparability of the information notes.