Italy's bank DEPObank has partnered with the financial data provider dedicated to institutional investors MondoInstitutional to launch seven indexes aimed at monitoring Italy's occupational pension plans.
Indici sui Fondi Pensione Negoziali Italiani, the new tool, covers the entire universe of occupational pension funds in Italy, consisting of 104 sub-funds of 33 pension funds as of the end of December 2018.
The seven indexes are built looking at the stock content and, for bond lines, to the duration. They are added to another range of eight indexes on open pension funds.
The calculation is made starting from August 2000 and uses 143 sectors of occupational pension funds, of which 39 are extinct.
DEPObank chief executive officer Fabrizio Viola said in a note that the new tools aim to provide the financial community and institutional investors with useful benchmarks to effectively compare the performances of the different pension funds.