{"id":12188,"date":"2025-11-04T06:03:59","date_gmt":"2025-11-04T05:03:59","guid":{"rendered":"https:\/\/www.fondazionecariplo.it\/?page_id=12188"},"modified":"2026-04-09T09:19:45","modified_gmt":"2026-04-09T07:19:45","slug":"asset-allocation","status":"publish","type":"page","link":"https:\/\/www.fondazionecariplo.it\/en\/asset\/asset-allocation\/","title":{"rendered":"Asset allocation"},"content":{"rendered":"\n<div style=\"background-color:#EDF5FF;padding:80px 2.5rem 80px 2.5rem\" class=\"wp-block-custom-hero-image-left hero-container-block\"><style>\n                        .hero-container-block .hero-columns-wrapper {\n                            max-width: 1400px;\n                            margin: 0 auto;\n                            gap: 60px !important;\n                            align-items: center;\n                        }\n                        .hero-container-block .hero-text-column h2 {\n                            font-size: 48px;\n                            font-weight: 400;\n                            line-height: 1.2;\n                            margin-top: 0;\n                        }\n                        .hero-container-block .hero-text-column p {\n                            font-size: 16px;\n                            line-height: 1.6;\n                        }\n                        .hero-container-block .hero-image-column img {\n                            border-radius: 24px;\n                        }\n                        @media (max-width: 1024px) {\n                            .hero-container-block .hero-columns-wrapper {\n                                gap: 40px !important;\n                            }\n                            .hero-container-block .hero-text-column h2 {\n                                font-size: 36px !important;\n                            }\n                        }\n                        @media (max-width: 781px) {\n                            .hero-container-block .hero-columns-wrapper {\n                                flex-direction: column-reverse !important;\n                            }\n                            .hero-container-block .hero-text-column h2 {\n                                font-size: 28px !important;\n                            }\n                        }\n                        <\/style>\n<div class=\"wp-block-columns hero-columns-wrapper is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column hero-image-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<figure class=\"wp-block-image size-full hero-image-default\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO.jpg\" alt=\"\" class=\"wp-image-8877\" srcset=\"https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO.jpg 1024w, https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO-300x200.jpg 300w, https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO-768x512.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column hero-text-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<h2 class=\"wp-block-heading\">Our <span class=\"corsivo\">asset allocation<\/span>: portfolio data.<\/h2>\n\n\n\n<p><strong>At the end of 2024, the Foundation&#8217;s total&nbsp;assets<\/strong> at market prices&nbsp;<strong>amounted to \u20ac10.65 billion<\/strong>&nbsp;(\u20ac 8.81 billion at the end of 2023), \u20ac 5.7 billion of which was attributable to the multi-asset and multi-manager portfolio managed by Quaestio Capital Management SGR S.p.A., \u20ac 3.7 billion to the appreciation at market value of the investment in Intesa Sanpaolo S.p.A.<br>The Foundation&#8217;s <strong>portfolio is completed by other investments and closed-end funds<\/strong>&nbsp;held directly on its balance sheet.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:80px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:20%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-center\"><strong>At the end of the year, exposure<\/strong> of overall <strong>assets to the stock market was 55%, with 32% exposed to the bond market<\/strong>. The\u00a0<strong>remaining 12%<\/strong>\u00a0was exposed to closed-end funds\u00a0<strong>held both directly and indirectly through Fund One<\/strong>.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:20%\"><\/div>\n<\/div>\n\n\n\n<div style=\"height:80px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large full-width\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"850\" src=\"https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO-100-1024x850.jpg\" alt=\"\" class=\"wp-image-8879\" srcset=\"https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO-100-1024x850.jpg 1024w, https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO-100-300x249.jpg 300w, https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO-100-768x638.jpg 768w, https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO-100-1536x1275.jpg 1536w, https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO-100.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>At the end of the year, exposure of overall assets to the stock market was 55%, with 32% exposed to the bond market. The\u00a0remaining 12%\u00a0was exposed to closed-end funds\u00a0held both directly and indirectly through Fund One.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":12192,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-12188","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asset allocation - Fondazione Cariplo<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fondazionecariplo.it\/en\/asset-allocation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asset allocation - Fondazione Cariplo\" \/>\n<meta property=\"og:description\" content=\"At the end of the year, exposure of overall assets to the stock market was 55%, with 32% exposed to the bond market. The\u00a0remaining 12%\u00a0was exposed to closed-end funds\u00a0held both directly and indirectly through Fund One.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fondazionecariplo.it\/en\/asset-allocation\/\" \/>\n<meta property=\"og:site_name\" content=\"Fondazione Cariplo\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-09T07:19:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fondazionecariplo.it\/wp-content\/uploads\/2025\/12\/COMPOSIZIONE-PATRIMONIO.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/en\\\/asset-allocation\\\/\",\"url\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/en\\\/asset-allocation\\\/\",\"name\":\"Asset allocation - Fondazione Cariplo\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/en\\\/asset-allocation\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/en\\\/asset-allocation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/wp-content\\\/uploads\\\/2025\\\/12\\\/COMPOSIZIONE-PATRIMONIO.jpg\",\"datePublished\":\"2025-11-04T05:03:59+00:00\",\"dateModified\":\"2026-04-09T07:19:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/en\\\/asset-allocation\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.fondazionecariplo.it\\\/en\\\/asset-allocation\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/en\\\/asset-allocation\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/wp-content\\\/uploads\\\/2025\\\/12\\\/COMPOSIZIONE-PATRIMONIO.jpg\",\"contentUrl\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/wp-content\\\/uploads\\\/2025\\\/12\\\/COMPOSIZIONE-PATRIMONIO.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/en\\\/asset-allocation\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asset allocation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/#website\",\"url\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/\",\"name\":\"Fondazione Cariplo\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.fondazionecariplo.it\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Asset allocation - Fondazione Cariplo","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fondazionecariplo.it\/en\/asset-allocation\/","og_locale":"en_US","og_type":"article","og_title":"Asset allocation - Fondazione Cariplo","og_description":"At the end of the year, exposure of overall assets to the stock market was 55%, with 32% exposed to the bond market. 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