The pension fund for management staff of oil and gas company ENI has recorded positive results for all its investment options last year. The performance of its garantito assicurativo fund stood at 1.71%, 11.28% for the last five years. Its bilanciato (balanced) fund recorded a positive performance of 3.44% in 2020, with a 13.52% for the past five years. Fopdire’s dinamico fund hit 5.20% last year, reacing a 21.70% figure for the last five years.

On average annually, for the last five years, the garantito recorded returns of 2.16%, the bilanciato 2.57% and the dinamico 4.01%. The severance pay for employees – trattamento di fine rapporto – returned 1.25% in 2020, 8.07% in the last five years and 1.57% on average annually in the last five years.

The fund’s total assets stood at €493.4m at the end of 2020, with 1,540 members.

Previmoda – The pension scheme for the fashion and textile sector has seen its total assets increase to €1.44bn in 2020, compared to €1.32bn in 2019. Its investment option rubino azionario pulled positive returns of 5.98%, while the smeraldo bilanciato recorded 4.29%, and the garantito -0.25%.

The smeraldo bilanciato and the rubino azionario options recovered from the downturn in February and March last year at the peak of the pandemic, and closed 2020 with positive returns. The garantito, which invests mainly in short-term government bonds and liquidity, managed to contain losses during the pandemic but, unlike the other two options which hold a higher share of equities, benefitted only partially from the recovery of public markets.

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