O detalhe dos instrumentos onde investem os fundos de pensões abertos nacionais
Os fundos de pensões abertos desempenham um papel crucial no cenário financeiro de Portugal, uma vez que são instrumentos de poupança e investimento que visam assegurar a estabilidade financeira dos indivíduos no momento da reforma. É de suma importância que esses fundos invistam o seu dinheiro de forma eficaz e diversificada, uma vez que isso não apenas potencia o crescimento do património dos seus subscritores, mas também contribui para o desenvolvimento da economia nacional.
A FundsPeople recorreu aos detalhe das carteiras emitido por cada entidade gestora de fundos de pensões abertos para perceber onde investem estas os seus ativos. O valor de ativos sob gestão, a 31 de março de 2023, chegava perto de 3,5 mil milhões . O listado, à mesma data, apresenta todos os organismos de investimento coletivo presentes nas carteiras.
Partilhamos aqui a lista de OIC presentes nas carteiras das seguradoras nacionais.
Os instrumentos onde investem as entidades gestoras de FPA
| Fundo | Entidade Gestora | Entidade gestora de fundos de pensões | Montante investido (€) |
|---|---|---|---|
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | iShares | BPI Vida e Pensões; Victoria Seguros; BBVA AM | € 117 375 308 |
| iShares MSCI EMU ESG Screened UCITS ETF | iShares | Ageas Pensões | € 69 941 704 |
| Lyxor MSCI EMU ESG Broad CTB (DR) - UCITS ETF | Amundi | Ageas Pensões | € 52 654 608 |
| CT (Lux) Euro Bond Fund | Columbia Threadneedle Investments | Ageas Pensões | € 52 240 601 |
| Amundi EUR Floating Rate Corporate Bond ESG | Amundi | Ageas Pensões; Futuro | € 51 371 045 |
| Amundi Floating Rate USD Corporate ESG | Amundi | Ageas Pensões | € 51 116 038 |
| Lusimovest | Santander AM | Santander Pensões; GNB SGFP | € 49 880 649 |
| iShares € Corp Bond Large Cap UCITS ETF | iShares | Futuro; Santander Pensões; Santander Totta Seguros | € 39 875 648 |
| Novimovest | Santander AM | Santander Pensões | € 39 233 143 |
| NB Corporate Euro | GNB Gestão de Ativos | GNB SGFP | € 37 785 708 |
| iShares € Ultrashort Bond UCITS ETF | iShares | BPI Vida e Pensões; Ageas Pensões; Santander Totta Seguros | € 33 930 312 |
| iShares EURO STOXX 50 UCITS ETF | iShares | Santander Pensões | € 32 932 500 |
| Janus Henderson Horizon Euro Corporate Bond Fund | Janus Henderson Investors | Santander Pensões; Santander Totta Seguros | € 29 723 820 |
| Santander Acções Europa | Santander AM | Santander Pensões; Santander Totta Seguros | € 28 630 563 |
| Xtrackers Euro Stoxx 50 UCITS ETF | DWS | Santander Pensões | € 27 684 000 |
| GNB Momentum Sustentável | GNB Gestão de Ativos | GNB SGFP | € 26 449 349 |
| BlueBay Investment Grade Euro Government Bond Fund | BlueBay AM | CGD Pensões; Santander Pensões; Golden - SGF; Ageas Pensões | € 23 471 059 |
| Lyxor S&P 500 UCITS ETF | Amundi | Ageas Pensões; Santander Pensões; Real Vida Seguros (Optimize); BBVA AM | € 23 305 735 |
| iShares S&P 500 EUR Hedged UCITS ETF (Acc) | iShares | Santander Pensões; Santander Totta Seguros; Futuro; Futuro (BIG) | € 23 094 724 |
| Fundimo | Caixa Gestão de Ativos | CGD Pensões | € 22 492 318 |
| iShares € Govt Bond 3-5yr UCITS ETF | iShares | BPI Vida e Pensões; BBVA AM | € 21 435 311 |
| Invesco S&P 500 UCITS ETF | Invesco | Santander Pensões; BBVA AM | € 19 842 703 |
| BlackRock Strategic Funds - Americas Diversified Equity Absolute Return Fund | BlackRock | Ageas Pensões | € 19 604 420 |
| Altamar PE | Altamar | Santander Pensões | € 19 553 364 |
| iShares Core € Govt Bond UCITS ETF | iShares | CGD Pensões | € 19 253 698 |
| BlackRock Strategic Funds - European Absolute Return Fund | BlackRock | Ageas Pensões; Golden - SGF | € 19 040 591 |
| GNB Obrigações Europa | GNB Gestão de Ativos | GNB SGFP | € 17 880 760 |
| Lyxor Euro Floating Rate Note UCITS ETF | Amundi | Santander Pensões; Santander Totta Seguros; Ageas Pensões | € 16 591 580 |
| Amundi S&P 500 UCITS ETF | Amundi | CA Vida; Ageas Pensões; BBVA AM; Santander Pensões | € 16 234 872 |
| Lyxor Euro Government Bond (DR) UCITS ETF | Amundi | Santander Pensões | € 16 021 000 |
| Lyxor Euro Government Bond 7-10Y (DR) UCITS ETF | Amundi | BBVA AM | € 15 436 073 |
| Blackstone / GSO Senior Loan Fund | Blackstone | Santander Pensões | € 14 363 178 |
| iShares Core S&P 500 UCITS ETF | iShares | BPI Vida e Pensões; BBVA AM; Santander Pensões | € 14 209 745 |
| Santander Multicrédito | Santander AM | Santander Pensões | € 14 143 712 |
| GNB Rendimento Plus | GNB Gestão de Ativos | GNB SGFP | € 13 871 036 |
| Amundi MSCI Europe SRI PAB | Amundi | BPI Vida e Pensões | € 13 637 336 |
| Xtrackers II US Treasuries UCITS ETF | DWS | CGD Pensões | € 12 481 852 |
| Schroder International Selection Fund EURO Corporate Bond | Schroders | BBVA AM; Victoria Seguros; Futuro (BIG); Real Vida Seguros (Optimize) | € 12 159 382 |
| DWS Floating Rate Notes | DWS | Futuro; Santander Totta Seguros; Ageas Pensões; Futuro (BIG) | € 12 010 819 |
| BPI Global Investment Fund Alternative Fund Iberian Equity Long Short | CaixaBank | BPI Vida e Pensões | € 11 554 908 |
| Santander AM Euro Corporate Bond | Santander AM | Santander Pensões | € 11 474 421 |
| Santander Private Debt I | Santander AM | Santander Pensões | € 11 001 232 |
| Natixis International Funds (Lux) I - Loomis Sayles Short Term Emerging Markets Bond Fund | Natixis | Santander Totta Seguros; Futuro (BIG); Ageas Pensões | € 10 587 655 |
| M&G (Lux) Euro Credit Fund | M&G | BBVA AM | € 10 475 016 |
| BlackStone CapH II | Blackstone | Santander Pensões | € 9 685 935 |
| Pictet-Short Term Emerging Corporate Bonds | Pictet | BBVA AM; Futuro (BIG); Santander Totta Seguros | € 9 606 860 |
| Jupiter Global Fund - Jupiter Dynamic Bond | Jupiter AM | Golden - SGF; Santander Totta Seguros; Real Vida Seguros (Optimize); Futuro (BIG) | € 9 478 562 |
| Lyxor Euro Government Bond 3-5Y (DR) UCITS ETF | Amundi | BBVA AM | € 9 447 829 |
| Santander Rendimiento FI | Santander AM | Santander Pensões | € 9 387 008 |
| RobecoSAM Euro SDG Credits | Robeco | BBVA AM | € 9 167 090 |
| Allianz Global Investors Fund - Allianz Floating Rate Notes Plus | Allianz Global Investors | Futuro | € 8 975 305 |
| Threadneedle (Lux) - Pan European Smaller Companies | Columbia Threadneedle Investments | Santander Pensões | € 8 446 880 |
| Fundo VIP | SILVIP | Futuro | € 8 133 737 |
| Xtrackers MSCI USA UCITS ETF | DWS | Victoria Seguros; Futuro | € 8 094 860 |
| AXA World Funds - Euro Credit Short Duration | AXA | CGD Pensões; BBVA AM | € 8 005 410 |
| Amundi Ultra Short Term Bond SRI | Amundi | Futuro | € 7 808 393 |
| iShares NASDAQ 100 UCITS ETF | iShares | Futuro; Futuro (BIG) | € 7 800 646 |
| Fidelity Funds - Euro Corporate Bond Fund | Fidelity International | Futuro (BIG) | € 7 461 989 |
| BetaMiner BeHedged Sub-Fund | Assenagon | BBVA AM | € 7 443 177 |
| CT (Lux) Responsible Euro Corporate Bond Fund | Columbia Threadneedle Investments | Ageas Pensões | € 7 384 268 |
| Threadneedle (Lux) - Global Focus | Columbia Threadneedle Investments | Futuro (BIG); Santander Totta Seguros | € 7 370 710 |
| La Française Sub Debt | La Française | Futuro (BIG); Ageas Pensões; Santander Totta Seguros | € 7 242 951 |
| NB FCP Euro Bond | GNB Gestão de Ativos | GNB SGFP | € 7 212 682 |
| JPMorgan Funds - US Value Fund | J.P. Morgan AM | Futuro; BBVA AM | € 7 107 597 |
| Amundi Index Euro Corporate Sri 0-3 Y | Amundi | BBVA AM | € 7 079 505 |
| Lyxor Euro Government Bond 1-3Y (DR) UCITS ETF | Amundi | BBVA AM | € 7 057 110 |
| CT Real Estate Equity Market Neutral Fund | KBA Consulting | Ageas Pensões | € 6 871 202 |
| Fidelity Funds - Global Dividend Fund | Fidelity International | Futuro (BIG) | € 6 844 292 |
| Santander Covered Bond | Santander AM | Santander Pensões | € 6 808 046 |
| iShares Edge MSCI Europe Value Factor UCITS ETF | iShares | BPI Vida e Pensões | € 6 656 581 |
| Amundi Funds - Euro High Yield Short Term Bond | Amundi | BBVA AM | € 6 501 158 |
| Betaminer I Sub-Fund | Assenagon | BBVA AM | € 6 494 350 |
| Vanguard USD Corporate 1-3 year Bond UCITS ETF | Vanguard | BBVA AM | € 6 451 849 |
| Amundi Index Euro Corporate SRI | Amundi | BBVA AM | € 6 449 745 |
| NB FCP America Growth Fund Distribuição R | GNB Gestão de Ativos | GNB SGFP | € 6 157 005 |
| Mercer Absolute Return Fixed Income Fund | Mercer Global Investments | Futuro; Victoria Seguros | € 6 124 355 |
| Natixis AM Funds - Seeyond Global Sustainable MinVol | Natixis | CA Vida; Futuro (BIG) | € 6 013 750 |
| Fidelity Funds - Euro Short Term Bond Fund | Fidelity International | BBVA AM | € 5 900 760 |
| iShares € Corp Bond Interest Rate Hedged ESG UCITS ETF | iShares | Futuro | € 5 772 774 |
| Nordea 1 - European Covered Bond Opportunities Fund | Nordea AM | Futuro (BIG) | € 5 503 442 |
| Nordea 1 - Low Duration European Covered Bond Fund | Nordea AM | Golden - SGF; Futuro (BIG) | € 5 494 725 |
| Mercer Passive Global Equity Fund | Mercer Global Investments | Futuro | € 5 479 326 |
| CA Património Crescente | Square AM | Futuro; Golden - SGF; CA Vida | € 5 268 453 |
| PIMCO GIS plc - Emerging Markets Bond Fund | PIMCO | BBVA AM | € 5 145 440 |
| MFS Meridian Funds - European Research Fund | MFS | BBVA AM; Santander Totta Seguros | € 5 143 615 |
| Fidelity Funds - Fidelity Institutional Target™ 2055 (Euro) Fund | Fidelity International | BBVA AM | € 5 140 249 |
| Fundsmith Equity | Fundsmith | Golden - SGF | € 5 031 101 |
| Salar Fund Plc | CQS | Futuro (BIG); Santander Totta Seguros | € 4 907 984 |
| Heptagon Fund ICAV - Heptagon Future Trends Hedged Fund | Heptagon | Santander Totta Seguros; Futuro (BIG) | € 4 903 616 |
| Heptagon Fund ICAV - Kopernik Global All-Cap Equity Fund | Heptagon | Golden - SGF | € 4 869 238 |
| GAM Multibond - Local Emerging Bond | GAM | BBVA AM | € 4 742 740 |
| iShares STOXX Europe 600 Banks UCITS ETF (DE) | iShares | Santander Totta Seguros; Futuro (BIG) | € 4 736 019 |
| iShares S&P U.S. Banks UCITS ETF | iShares | Golden - SGF; Futuro (BIG) | € 4 720 504 |
| Nordea 1 - European Financial Debt Fund | Nordea AM | Santander Totta Seguros; Real Vida Seguros (Optimize); Futuro (BIG) | € 4 657 333 |
| Amundi Funds - Pioneer US Equity Fundamental Growth | Amundi | BBVA AM; Santander Totta Seguros | € 4 618 567 |
| DNCA Invest Alpha Bonds | Natixis | Futuro (BIG); Santander Totta Seguros; CA Vida | € 4 611 758 |
| NB - Subordinated Debt Fund | GNB Gestão de Ativos | GNB SGFP | € 4 504 715 |
| AXA World Funds - Euro Selection | AXA | BBVA AM | € 4 490 978 |
| Janus Henderson Horizon Global Property Equities Fund | Janus Henderson Investors | BBVA AM | € 4 457 918 |
| Amundi IndEX MSCI Pacific EX Japan SRI PAB Fund | Amundi | Ageas Pensões | € 4 446 524 |
| Tikehau Short Duration Fund | Tikehau Investment Management | Santander Totta Seguros; Futuro (BIG) | € 4 438 683 |
| Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF | Natixis | Ageas Pensões | € 4 427 749 |
| Fidelity Funds - Sustainable Consumer Brands Fund | Fidelity International | Futuro (BIG) | € 4 414 789 |
| DWS Invest - Global Infrastructure | DWS | Futuro (BIG); Santander Totta Seguros | € 4 388 056 |
| DWS Invest - ESG Equity Income | DWS | BBVA AM | € 4 365 917 |
| BlackRock Global Funds - Asian High Yield Bond Fund | BlackRock | BBVA AM | € 4 337 439 |
| Ruffer SICAV - Ruffer Total Return International | Ruffer | Santander Totta Seguros; Futuro (BIG) | € 4 321 939 |
| BPI Imofomento | BPI | BPI Vida e Pensões | € 4 275 052 |
| Caixagest Imobiliário Internacional | Caixa Gestão de Ativos | Ageas Pensões; CGD Pensões | € 4 239 341 |
| Xtrackers MSCI Europe UCITS ETF | DWS | BBVA AM; Futuro | € 4 164 064 |
| Candriam Sustainable Bond Euro Fund | Candriam | BBVA AM | € 4 085 142 |
| Mercer Short Duration Global Bond Fund 2 | Mercer Global Investments | Futuro; Victoria Seguros | € 4 057 926 |
| PIMCO GIS plc - Income Fund | PIMCO | Santander Totta Seguros; Golden - SGF; Futuro (BIG); Real Vida Seguros (Optimize) | € 3 988 616 |
| Schroder International Selection Fund US Large Cap | Schroders | Victoria Seguros; BBVA AM; Futuro | € 3 973 406 |
| Mercer Short Duration Global Bond Fund 1 | Mercer Global Investments | Futuro; Victoria Seguros | € 3 946 727 |
| iShares € Inflation Linked Govt Bond UCITS ETF | iShares | Futuro; Golden - SGF | € 3 936 140 |
| Threadneedle (Lux) - Global Technology | Columbia Threadneedle Investments | Futuro (BIG) | € 3 870 348 |
| BBVA Bonos Sostenible ISR FI | BBVA AM | BBVA AM | € 3 837 033 |
| Xtrackers MSCI Japan UCITS ETF | DWS | BBVA AM; CGD Pensões; Futuro | € 3 804 396 |
| iShares MSCI World ESG Enhanced UCITS ETF | iShares | BBVA AM | € 3 782 740 |
| Amundi Funds - Cash EUR | Amundi | BBVA AM | € 3 767 738 |
| Amundi Index Solutions - Amundi MSCI World UCITS ETF | Amundi | BBVA AM | € 3 764 506 |
| iShares € High Yield Corp Bond UCITS ETF | iShares | Real Vida Seguros; Futuro | € 3 744 176 |
| Montepio Ações EUA | Montepio Gestão de Activos | Futuro | € 3 730 795 |
| MGI Euro Bond | Mercer Global Investments | Futuro | € 3 711 528 |
| Pictet-EUR Corporate Bonds | Pictet | Futuro; Victoria Seguros | € 3 698 164 |
| iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | iShares | BPI Vida e Pensões; BBVA AM; Futuro; Real Vida Seguros (Optimize) | € 3 578 294 |
| BlackRock Global Funds - US Growth Fund | BlackRock | Futuro | € 3 569 324 |
| Sprott Physical Gold and Silver Trust | Sprott | Golden - SGF | € 3 551 804 |
| BlackRock Global Funds - US Basic Value Fund | BlackRock | Futuro | € 3 457 566 |
| Amundi Funds - Emerging Markets Equity Focus | Amundi | Futuro | € 3 442 705 |
| iShares Core € Corp Bond UCITS ETF | iShares | BPI Vida e Pensões; Futuro; Santander Totta Seguros; BBVA AM; Real Vida Seguros (Optimize) | € 3 222 399 |
| Amundi/WNT Diversified Fund | Amundi | BBVA AM | € 3 213 224 |
| Pictet-Quest Europe Sustainable Equities | Pictet | BBVA AM | € 3 123 862 |
| Morgan Stanley Investment Funds - Euro Corporate Bond - Duration Hedged Fund | Morgan Stanley | Futuro | € 3 108 191 |
| Xtrackers II EUR Corporate Bond UCITS ETF | DWS | BBVA AM; Futuro | € 3 009 980 |
| Allianz Global Investors Fund - Allianz Cyber Security | Allianz Global Investors | Futuro (BIG) | € 2 993 360 |
| Eleva UCITS Fund - Fonds Eleva European Selection | Eleva Capital | Futuro (BIG); Santander Totta Seguros | € 2 987 260 |
| BlackRock Global Funds - US Flexible Equity Fund | BlackRock | Futuro | € 2 960 376 |
| Goldman Sachs Emerging Markets Corporate Bond Portfolio | Goldman Sachs | BBVA AM; Real Vida Seguros (Optimize) | € 2 931 065 |
| Amundi Funds - Emerging Markets Short Term Bond | Amundi | Real Vida Seguros | € 2 907 859 |
| Amundi Index Solutions - Amundi Prime Euro Corporates | Amundi | BBVA AM | € 2 830 846 |
| Fidelity Funds - Global Technology Fund | Fidelity International | Futuro (BIG) | € 2 822 368 |
| Schroder International Selection Fund Global Emerging Market Opportunities | Schroders | BBVA AM | € 2 784 694 |
| Eleva UCITS Fund - Fonds Eleva Absolute Return Europe | Eleva Capital | Futuro (BIG); Santander Totta Seguros | € 2 706 776 |
| iShares STOXX Europe 600 UCITS ETF (DE) | iShares | Ageas Pensões; BBVA AM | € 2 705 601 |
| AF Portfólio Imobiliário | Interfundos | Ageas Pensões | € 2 651 943 |
| Schroder International Selection Fund EURO Equity | Schroders | CGD Pensões; Victoria Seguros | € 2 650 757 |
| SPDR® Bloomberg Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF Acc | State Street | Golden - SGF | € 2 648 994 |
| Ostrum Global Subordinated Debt | Natixis | Real Vida Seguros | € 2 642 055 |
| Janus Henderson Absolute Return Fund | Janus Henderson Investors | BBVA AM | € 2 620 080 |
| iShares China CNY Bond UCITS ETF | iShares | Golden - SGF | € 2 595 824 |
| Pictet TR - Corto Europe | Pictet | BBVA AM | € 2 593 898 |
| Orbis Japan Equity Yen Fund | Orbis | Golden - SGF | € 2 551 426 |
| FTGF Western Asset Macro Opportunities Bond Fund | Franklin Templeton | Santander Totta Seguros; Futuro (BIG) | € 2 530 199 |
| iShares 10-20 Year Treasury Bond ETF | iShares | GNB SGFP | € 2 492 065 |
| UBS (Lux) Fund Solutions – Bloomberg US 10+ Year Treasury Bond UCITS ETF | UBS AM | CA Vida | € 2 466 403 |
| BBVA USA Desarrollo ISR FI | BBVA | BBVA AM | € 2 454 299 |
| SPDR® Bloomberg 10+ Year U.S. Treasury Bond UCITS ETF | State Street | CA Vida | € 2 427 350 |
| KraneShares CSI China Internet UCITS ETF | Waystone Management | Real Vida Seguros; Golden - SGF | € 2 408 984 |
| iShares Core FTSE 100 UCITS ETF | iShares | Golden - SGF; CGD Pensões | € 2 402 739 |
| BlackRock Strategic Funds - Sustainable Fixed Income Strategies Fund | BlackRock | BBVA AM | € 2 375 259 |
| Allianz Global Investors Fund - Allianz Euroland Equity Growth | Allianz Global Investors | CGD Pensões | € 2 373 195 |
| AQR UCITS Funds II - Style Capture UCITS Fund | AQR | BBVA AM | € 2 362 416 |
| VanEck Gold Miners UCITS ETF | VanEck | Golden - SGF | € 2 331 901 |
| L&G Emerging Markets Short Duration Bond Fund | Legal & General | Golden - SGF | € 2 262 132 |
| iShares V PLC - iShares MSCI Japan EUR Hedged UCITS ETF (Acc) | iShares | Futuro | € 2 216 709 |
| Pictet-Premium Brands | Pictet | Futuro (BIG) | € 2 201 278 |
| T. Rowe Price Funds SICAV - US Blue Chip Equity Fund | T. Rowe Price | CGD Pensões | € 2 185 448 |
| DWS Invest - Euro High Yield Corporates | DWS | Real Vida Seguros | € 2 172 005 |
| GSA Coral Student Portfolio | Coral | Real Vida Seguros | € 2 134 840 |
| Nordea 1 - Global Climate and Environment Fund | Nordea AM | BBVA AM; CA Vida | € 2 130 221 |
| JPMorgan Funds - EU Government Bond Fund | J.P. Morgan AM | CGD Pensões | € 2 097 302 |
| Pictet-EUR Short Term High Yield | Pictet | Futuro (BIG) | € 2 029 642 |
| Incometric Fund Heed Patrimonio | Dunas | GNB SGFP | € 1 994 123 |
| iShares € High Yield Corp Bond ESG UCITS ETF | iShares | Real Vida Seguros | € 1 983 642 |
| iShares $ High Yield Corp Bond UCITS ETF | iShares | BBVA AM; Real Vida Seguros (Optimize) | € 1 981 482 |
| Fidelity Funds - China Consumer Fund | Fidelity International | BBVA AM | € 1 978 722 |
| Pershing Square Holdings Ltd | Pershing Square AM | Golden - SGF | € 1 960 265 |
| iShares EURO STOXX UCITS ETF (DE) | iShares | Ageas Pensões | € 1 950 227 |
| Vontobel Fund - Global Environmental Change | Vontobel | BBVA AM | € 1 946 150 |
| Neuberger Berman Uncorrelated Strategies Fund | Neuberger Berman | BBVA AM | € 1 944 938 |
| Pictet TR - Atlas | Pictet | Santander Totta Seguros; Futuro (BIG) | € 1 915 092 |
| Van Lanschot Kempen International Funds - Kempen (Lux) Euro Credit Fund | Kempen | Golden - SGF | € 1 887 292 |
| GINKGO III | Ginko | Santander Pensões | € 1 843 912 |
| T. Rowe Price Funds SICAV - Japanese Equity Fund | T. Rowe Price | CGD Pensões | € 1 802 416 |
| Acción Ibex 35 ETF FI Cotizado Armonizado | BBVA | CA Vida | € 1 797 326 |
| Xtrackers S&P 500 UCITS ETF | DWS | BBVA AM | € 1 775 575 |
| BBVA Crédito Europa FI | BBVA | BBVA AM | € 1 749 971 |
| iShares $ Treasury Bond 20+yr UCITS ETF | iShares | Real Vida Seguros (Optimize); Golden - SGF | € 1 703 198 |
| Stewart Investors Asia Pacific Leaders Sustainability Fund | FSSA Investments | Golden - SGF | € 1 625 996 |
| Vontobel Fund - mtx Sustainable Emerging Markets Leaders | Vontobel | BBVA AM; Golden - SGF | € 1 604 870 |
| Pictet TR - Mandarin | Pictet | Futuro (BIG) | € 1 584 209 |
| iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | iShares | Golden - SGF | € 1 518 039 |
| iShares S&P 500 Value ETF | iShares | CGD Pensões | € 1 516 624 |
| BlackRock Global Funds - Euro Short Duration Bond Fund | BlackRock | Victoria Seguros; Futuro (BIG); Santander Totta Seguros | € 1 511 913 |
| BlackRock Strategic Funds - European Opportunities Extension Fund | BlackRock | Golden - SGF | € 1 496 954 |
| Third Point Investors Limited | Third Point | Golden - SGF | € 1 469 277 |
| Goldman Sachs Euro Short Duration Bond Plus Portfolio | Goldman Sachs | Futuro (BIG); Santander Totta Seguros | € 1 469 211 |
| BlackRock Global Funds - Asian Growth Leaders Fund | BlackRock | Futuro | € 1 465 006 |
| iShares J.P. Morgan $ EM Bond UCITS ETF | iShares | Golden - SGF | € 1 431 953 |
| iShares Global High Yield Corp Bond UCITS ETF | iShares | Golden - SGF | € 1 386 263 |
| Best Value Europe II | BMO | Ageas Pensões | € 1 351 840 |
| iShares MSCI Europe Quality Dividend ESG UCITS ETF | iShares | CA Vida | € 1 348 235 |
| iShares Edge MSCI World Value Factor UCITS ETF | iShares | Ageas Pensões; Golden - SGF | € 1 328 782 |
| iShares J.P. Morgan EM Local Govt Bond UCITS ETF | iShares | Real Vida Seguros | € 1 315 200 |
| FTGF Western Asset Structured Opportunities Fund | Franklin Templeton | Futuro (BIG); Santander Totta Seguros | € 1 299 327 |
| Invesco Funds - Invesco Euro Corporate Bond Fund | Invesco | BBVA AM; Real Vida Seguros (Optimize) | € 1 272 774 |
| PIMCO GIS plc - Capital Securities Fund | PIMCO | Futuro (BIG) | € 1 272 386 |
| BiG Diversified Macro Fund | DMS | Ageas Pensões | € 1 271 115 |
| Vontobel FCP-UCITS - Vontobel Institutional North American Equity Fund | Vontobel | BBVA AM | € 1 243 842 |
| Xtrackers MSCI Europe ESG UCITS ETF | DWS | CA Vida | € 1 229 082 |
| Quadriga Investors - Igneo Fund | Auriga | GNB SGFP | € 1 222 896 |
| Amundi Index Solutions - Amundi Index MSCI Europe | Amundi | BBVA AM | € 1 188 920 |
| BBVA Europa Desarrollo Sostenible ISR FI | BBVA | BBVA AM | € 1 168 477 |
| CORUM Origin | Corum | Futuro | € 1 150 257 |
| Vontobel Fund - TwentyFour Absolute Return Credit Fund | Vontobel | Golden - SGF | € 1 144 698 |
| Mirova Euro Sustainable Equity Fund | Natixis | CGD Pensões | € 1 136 169 |
| Candriam Bonds Euro High Yield | Candriam | Ageas Pensões; Real Vida Seguros (Optimize); Golden - SGF | € 1 131 578 |
| Indico VC Fund I – FCR CAT A | Indico Capital Partners | Golden - SGF | € 1 121 120 |
| Lyxor Bund Daily (-2x) Inverse UCITS ETF | Amundi | Golden - SGF | € 1 113 636 |
| SPDR® MSCI World Energy UCITS ETF | State Street | Golden - SGF | € 1 104 984 |
| Vanguard S&P 500 UCITS ETF | Vanguard | Santander Totta Seguros; BBVA AM; Ageas Pensões | € 1 079 776 |
| BlackRock Emerging Markets Fund | BlackRock | BBVA AM | € 1 065 715 |
| Wellington Management Funds (Luxembourg) - Emerging Markets Research Equity Fund | Wellington Management | CGD Pensões | € 1 063 669 |
| iShares MSCI Emerging Markets Min Vol Factor ETF | iShares | Golden - SGF | € 1 061 109 |
| PIMCO GIS plc - US Investment Grade Corporate Bond Fund | PIMCO | CGD Pensões | € 1 059 765 |
| Eastspring Investments - US Corporate Bond Fund | Eastspring Investments | CGD Pensões | € 1 054 191 |
| Goldman Sachs Emerging Markets Equity Portfolio | Goldman Sachs | CGD Pensões | € 1 053 298 |
| iShares Edge MSCI EM Value Factor UCITS ETF | iShares | Golden - SGF | € 1 046 932 |
| Ossiam Shiller Barclays Cape® US Sector Value TR | Natixis | BBVA AM | € 1 038 923 |
| Allianz Global Investors Fund - Allianz Advanced Fixed Income Euro | Allianz Global Investors | BBVA AM | € 1 032 703 |
| Santander Carteira Alternativa | Santander AM | Santander Pensões | € 1 001 726 |
| Vontobel Fund - Euro Corporate Bond | Vontobel | Real Vida Seguros (Optimize); BBVA AM; CGD Pensões | € 969 578 |
| Nomura Funds Ireland plc - Japan Strategic Value Fund | Nomura | BBVA AM | € 969 088 |
| Pictet Ultra Short -Term Bonds EUR | Pictet | Futuro (BIG) | € 964 197 |
| Amundi Funds - Pioneer US Bond | Amundi | Santander Totta Seguros; Futuro (BIG) | € 963 603 |
| Invesco Bloomberg Commodity UCITS ETF | Invesco | BBVA AM | € 963 154 |
| Portugal Venture Capital Initiative SFdA | Capital Group | Santander Pensões | € 962 035 |
| Mercer UCITS Alternative Strategies | Mercer Global Investments | Futuro | € 957 564 |
| Goldman Sachs Japan Equity Partners Portfolio | Goldman Sachs | BBVA AM | € 948 969 |
| Deka-ImmobilienGlobal | Deka | Futuro | € 946 976 |
| Trojan Funds (Ireland) plc - Trojan Fund (Ireland) | Troy Asset Management | Futuro (BIG) | € 943 771 |
| Morgan Stanley Investment Funds - US Advantage Fund | Morgan Stanley | CGD Pensões | € 925 714 |
| BNP Paribas Insticash EUR 1D | BNP Paribas | BBVA AM | € 924 537 |
| Heptagon Fund ICAV - Qblue Global Sustainable Leaders Fund | Heptagon | CA Vida | € 898 443 |
| Caixa Infraestruturas | Caixa Gestão de Ativos | CGD Pensões | € 887 357 |
| Xetra-Gold | Deutsche Borse | Golden - SGF | € 877 147 |
| ARDIAN Co-Inves EUR | Ardian | Santander Pensões | € 870 625 |
| Candriam Sustainable Bond Emerging Markets | Candriam | BBVA AM | € 854 608 |
| Goldman Sachs Euro Liquid Reserves Fund | Goldman Sachs | BBVA AM | € 853 154 |
| JPMorgan Investment Funds - US Select Equity Fund | J.P. Morgan AM | BBVA AM | € 848 969 |
| Goldman Sachs Emerging Markets CORE® Equity Portfolio | Goldman Sachs | BBVA AM | € 847 345 |
| Templeton Asian Growth Fund | Franklin Templeton | Futuro | € 834 380 |
| HSBC Global Investment Funds - Asia ex Japan Equity | HSBC | Futuro | € 813 384 |
| Man AHL Trend Alternative | Man Group | Golden - SGF | € 805 517 |
| Digital Funds Stars Europe | J. Chahine Capital | Golden - SGF | € 801 947 |
| Explorer - II | Explorer | Santander Pensões | € 797 378 |
| Lyxor MSCI China ESG Leaders Extra (DR) UCITS ETF | Amundi | Real Vida Seguros | € 789 140 |
| AB SICAV I - Eurozone Equity Portfolio | AllianceBernstein | CGD Pensões | € 778 481 |
| Xtrackers MSCI World ESG UCITS ETF | DWS | CA Vida | € 763 965 |
| UBS (Lux) Fund Solutions – MSCI EMU Value UCITS ETF | UBS AM | CGD Pensões | € 748 729 |
| SPDR® S&P Regional Banking ETF | State Street | Real Vida Seguros | € 736 459 |
| BlackRock Global Funds - Emerging Markets Local Currency Bond Fund | BlackRock | CGD Pensões | € 733 152 |
| Bestinver Tordesillas Sicav European Financial Opportunities | Bestinver | Futuro (BIG) | € 721 626 |
| Explorer - III CL B | Explorer | Santander Pensões | € 715 299 |
| Fidelity S&P 500 Index Fund | Fidelity International | Futuro | € 683 385 |
| JPMorgan Funds - Europe Strategic Growth Fund | J.P. Morgan AM | CA Vida | € 666 988 |
| Xtrackers II Global Inflation-Linked Bond UCITS ETF | DWS | Golden - SGF | € 666 645 |
| Natixis International Funds (Lux) I - Thematics Safety Fund | Natixis | Santander Totta Seguros; Futuro (BIG) | € 650 794 |
| Pictet-Global Megatrend Selection | Pictet | CA Vida | € 633 681 |
| Candriam Equities L Europe Optimum Quality | Candriam | CA Vida | € 629 212 |
| NovEnergia II | Novenergia | Futuro | € 615 233 |
| Ninety One Global Strategy Fund - Global Value Equity Fund | Ninety One | Golden - SGF | € 600 427 |
| iShares STOXX Europe 600 Telecommunications UCITS ETF (DE) | iShares | CA Vida | € 596 884 |
| Robeco Capital Growth Funds-Robeco BP US Premium Equities | Robeco | BBVA AM; Futuro | € 593 897 |
| Asset MA UMB Fund - SC Venture Capital | Não Identificado | Ageas Pensões | € 592 975 |
| GNB Mercados Emergentes | GNB Gestão de Ativos | GNB SGFP | € 588 685 |
| iShares SMI ETF (CH) | iShares | CGD Pensões | € 588 006 |
| Fidelity Funds - European Dynamic Growth Fund | Fidelity International | CA Vida | € 541 979 |
| Amundi Index Solutions - Amundi Index FTSE EPRA NAREIT Global | Amundi | Golden - SGF | € 519 658 |
| Greenpower Europa S.C.A.SICAF RAIF - Classe A | Greenpower Europa | CA Vida | € 502 970 |
| OPTIMIZE SICAV Global Bond | Optimize IP | Real Vida Seguros (Optimize) | € 500 529 |
| Shilling Fund | Shilling | Golden - SGF | € 482 236 |
| Bati Actions Investissement | SMA | Victoria Seguros | € 468 432 |
| BlackRock Global Funds - European Equity Income Fund | BlackRock | Victoria Seguros | € 467 741 |
| European Specialist Investment Funds - M&G European Credit Investment Fund | M&G | CGD Pensões | € 466 457 |
| BNY Mellon Emerging Markets Debt Opportunistic Fund | BNY Mellon | CA Vida | € 457 687 |
| Qualitas Mutual Private Equity Program II, FCR | Qualitas | Real Vida Seguros | € 453 163 |
| Nordea 1 - Emerging Market Bond Fund | Nordea AM | CA Vida | € 453 009 |
| iShares € Corp Bond 0-3yr ESG UCITS ETF | iShares | Futuro | € 452 938 |
| DPAM B - Equities NewGems Sustainable | DPAM | Golden - SGF | € 445 737 |
| Fidelity Funds - Emerging Markets Fund | Fidelity International | BBVA AM | € 437 173 |
| Horizon Equity Partners Follow-On Fund - Class A | Horizon Equity Partners | CA Vida | € 432 000 |
| OPTIMIZE SICAV Europe Value | Optimize IP | Real Vida Seguros (Optimize) | € 429 385 |
| OPTIMIZE SICAV Global Flexible | Optimize IP | Real Vida Seguros (Optimize) | € 421 782 |
| Vanguard FTSE All-World UCITS ETF | Vanguard | Golden - SGF (Dolat) | € 420 640 |
| Cambria Tail Risk ETF | Cambria ETF | Golden - SGF | € 417 170 |
| Fundo Energia FCR | ECS | CA Vida | € 411 943 |
| Segurfondo Inversion FII | Dunas Capital | Futuro | € 411 125 |
| SPDR® S&P 500 UCITS ETF | State Street | Real Vida Seguros | € 407 815 |
| Fidelity Funds - World Fund | Fidelity International | CA Vida | € 407 399 |
| Explorer IV-CapRisc | Explorer | Futuro | € 393 451 |
| DPAM L - Bonds Emerging Markets Sustainable | DPAM | Real Vida Seguros (Optimize); BBVA AM | € 391 040 |
| iShares Russell 2000 ETF | iShares | Real Vida Seguros | € 381 214 |
| Amundi Index Solutions - AMUNDI MSCI JAPAN ESG CLIMATE NET ZERO AMBITION CTB INDEX | Amundi | Ageas Pensões; BBVA AM | € 373 126 |
| Indico Acceleration SUB-FUND I GENERAL | Indico Capital Partners | Golden - SGF | € 372 944 |
| Allianz Global Investors Fund - Allianz Europe Equity Growth | Allianz Global Investors | Real Vida Seguros (Optimize); BBVA AM; CA Vida | € 371 194 |
| Robeco Emerging Stars Equities | Robeco | BBVA AM | € 366 964 |
| Special Opportunities IV FUND | Não Identificado | Real Vida Seguros | € 364 343 |
| ARK Innovation ETF | ARK | Real Vida Seguros | € 361 639 |
| Caixa Private Equity | Caixa Gestão de Ativos | CGD Pensões | € 357 159 |
| iShares VII PLC - iShares Core MSCI Pacific ex-Japan UCITS ETF | iShares | CGD Pensões | € 354 010 |
| Lyxor Euro Stoxx Banks (Dr) Ucits ETF | Amundi | CA Vida | € 353 984 |
| SPDR® S&P Bank ETF | State Street | Real Vida Seguros | € 350 058 |
| Amundi MSCI Japan (DR) UCITS ETF | Amundi | BBVA AM | € 341 364 |
| iShares Developed Markets Property Yield UCITS ETF | iShares | Futuro | € 340 046 |
| Fundo Bem Comum, FCR | Bem Comum | Santander Pensões | € 337 190 |
| BlackRock Global Funds - Emerging Markets Fund | BlackRock | BBVA AM | € 329 345 |
| IMGA European Equities | IMGA | CA Vida | € 323 814 |
| BNY Mellon Brazil Equity Fund | BNY Mellon | Futuro | € 298 906 |
| GOLDCREST FUND S.A. SICAV-RAIF III | Goldcrest | Real Vida Seguros | € 295 911 |
| Candriam Bonds Euro Short Term | Candriam | Santander Totta Seguros | € 294 745 |
| Global Evolution Funds Frontier Markets | Global Evolution | BBVA AM | € 282 594 |
| Robeco Financial Institutions Bonds | Robeco | Futuro | € 280 203 |
| Brown Advisory US Sustainable Growth Fund | Brown Advisory | BBVA AM | € 277 210 |
| Mercer Low Volatility Equity Fund | Mercer Global Investments | Victoria Seguros | € 274 573 |
| JPMorgan Funds - Emerging Markets Local Currency Debt Fund | J.P. Morgan AM | BBVA AM | € 271 520 |
| DWS Invest - Short Duration Credit | DWS | Futuro (BIG) | € 269 887 |
| Nordea 1 - European Covered Bond Fund | Nordea AM | Santander Totta Seguros | € 267 928 |
| Nordea 1 - Flexible Fixed Income Fund | Nordea AM | CA Vida | € 262 552 |
| Morgan Stanley Investment Funds - Global Property Fund | Morgan Stanley | Futuro | € 258 464 |
| iShares EURO STOXX Banks 30-15 UCITS ETF (DE) | iShares | GNB SGFP | € 253 535 |
| Amundi Index Solutions - Amundi MSCI Europe ESG Broad CTB | Amundi | Ageas Pensões | € 248 281 |
| BlackRock Global Funds - World Healthscience Fund | BlackRock | Victoria Seguros | € 245 076 |
| Amundi Crédit Green Bonds | Amundi | Futuro (BIG) | € 243 955 |
| Pictet-Emerging Local Currency Debt | Pictet | BBVA AM | € 242 819 |
| HCapital II FCR | HCAPITAL | Real Vida Seguros; Futuro | € 241 917 |
| GAMCO International SICAV - GAMCO Merger Arbitrage | Gabelli | Ageas Pensões | € 236 658 |
| Altona Fund III | Altona Fund | Real Vida Seguros | € 235 200 |
| CORUM Butler UCITS ICAV - CORUM Butler Entreprises | Corum Butler | Victoria Seguros | € 230 092 |
| JPMorgan Funds - Emerging Markets Small Cap Fund | J.P. Morgan AM | BBVA AM | € 229 034 |
| iShares $ Treasury Bond 1-3yr UCITS ETF | iShares | Golden - SGF | € 223 586 |
| Caixagest Obrigações | Caixa Gestão de Ativos | CGD Pensões | € 221 193 |
| Muzinich Enhancedyield Short-Term Fund | Muzinich | CGD Pensões | € 220 995 |
| Heptagon Fund ICAV - Heptagon Future Trends Equity Fund | Heptagon | Golden - SGF | € 220 992 |
| BNY Mellon Emerging Markets Corporate Debt Fund | BNY Mellon | Ageas Pensões | € 213 191 |
| Vanguard Funds PLC - Vanguard ESG Global Corporate Bond UCITS ETF | Vanguard | Futuro | € 210 170 |
| BlackRock Global Funds - Euro Corporate Bond Fund | BlackRock | CGD Pensões | € 202 280 |
| Nordea 1 - Global Stars Equity Fund | Nordea AM | CA Vida | € 201 150 |
| L&G Cyber Security UCITS ETF | Legal & General | CA Vida | € 199 378 |
| ARDIAN Co-Inves USA | Ardian | Santander Pensões | € 196 234 |
| Amundi Funds - Global Aggregate Bond | Amundi | Real Vida Seguros (Optimize) | € 190 828 |
| DPAM L - Bonds EUR Corporate High Yield | DPAM | Ageas Pensões | € 184 941 |
| AXA World Funds - US Credit Short Duration IG | AXA | Real Vida Seguros (Optimize) | € 177 269 |
| Schroder International Selection Fund EURO Government Bond | Schroders | Ageas Pensões | € 176 099 |
| Flossbach von Storch - Bond Opportunities | Flossbach von Storch | Santander Totta Seguros | € 174 292 |
| iShares € Govt Bond 5-7yr UCITS ETF | iShares | BPI Vida e Pensões | € 173 953 |
| Lyxor Nasdaq-100 Ucits ETF | Amundi | Real Vida Seguros (Optimize) | € 173 876 |
| PREFF Pan European Real Estate Fund of Funds | PREFF | Santander Pensões; Real Vida Seguros | € 173 481 |
| Muzinich EmergingMarketsShortDuration Fund | Muzinich | BBVA AM | € 156 374 |
| DNCA Invest Miuri | Natixis | CA Vida | € 154 070 |
| Carmignac Portfolio Long-Short European Equities | Carmignac | Ageas Pensões | € 153 520 |
| Schroder International Selection Fund Japanese Equity | Schroders | Victoria Seguros | € 153 414 |
| Lyxor Index Fund - Lyxor EuroMTS 1-3Y Italy BTP Government Bond (DR) UCITS ETF | Amundi | Futuro (BIG) | € 146 404 |
| Lyxor Euro Stoxx 50 Daily (2x) Leveraged UCITS ETF | Amundi | Real Vida Seguros (Optimize) | € 146 329 |
| AXA World Funds - ACT Emerging Markets Short Duration Bonds Low Carbon | AXA | BBVA AM | € 144 154 |
| Goldman Sachs Euro Credit | Goldman Sachs | Ageas Pensões | € 141 793 |
| SPDR® S&P US Dividend Aristocrats UCITS ETF | State Street | BBVA AM | € 140 753 |
| Fundo Especial de Investimento Imobiliário Fechado Fundiestamo I | Fundiestamo | CGD Pensões; Futuro | € 138 784 |
| BNP Paribas Funds US Small Cap | BNP Paribas | BBVA AM | € 137 646 |
| Xtrackers II Eurozone Government Bond UCITS ETF | DWS | BPI Vida e Pensões | € 137 195 |
| iShares € Govt Bond 1-3yr UCITS ETF | iShares | BPI Vida e Pensões | € 137 149 |
| BANIF Global Private Equity Fund - FCR | Fundbox | Golden - SGF | € 136 866 |
| DPAM L - Bonds Universalis Unconstrained | DPAM | Real Vida Seguros (Optimize) | € 135 920 |
| iShares VII PLC - iShares € Govt Bond 7-10yr UCITS ETF EUR (Acc) | iShares | BPI Vida e Pensões | € 134 865 |
| M&G (Lux) Investment Funds 1 - M&G (Lux) Optimal Income Fund | M&G | Golden - SGF | € 127 407 |
| Lyxor MSCI Emerging Markets UCITS ETF | Amundi | Ageas Pensões | € 126 130 |
| M&G (Lux) Investment Funds 1 - M&G (Lux) Episode Macro Fund | M&G | Golden - SGF | € 124 700 |
| Amundi Funds - Absolute Return Forex | Amundi | CA Vida | € 123 382 |
| Montepio Ações Europa | Montepio Gestão de Activos | Futuro | € 121 929 |
| Ostrum SRI Crédit Ultra Short Plus | Natixis | Ageas Pensões | € 120 393 |
| GAM Star Fund plc - GAM Star Credit Opportunities (EUR) | GAM | Real Vida Seguros (Optimize) | € 113 327 |
| Amundi Index Solutions - Amundi Global Corp SRI 1-5Y | Amundi | Real Vida Seguros (Optimize) | € 109 036 |
| JPMorgan Funds - Emerging Markets Corporate Bond Fund | J.P. Morgan AM | BBVA AM | € 104 928 |
| Robeco Global Credits | Robeco | Futuro | € 104 730 |
| Amundi Index Solutions - Amundi Index Euro AGG SRI | Amundi | BPI Vida e Pensões | € 103 654 |
| GOLDCREST FUND S.A. SICAV-RAIF | Goldcrest | Real Vida Seguros | € 101 635 |
| Pictet-Global Emerging Debt Fund | Pictet | Golden - SGF | € 99 611 |
| MGI Global Equity Fund | Mercer Global Investments | Futuro | € 98 718 |
| Nordea 1 - Alpha 10 MA Fund | Nordea AM | CA Vida | € 95 210 |
| JPMorgan Investment Funds - Europe Select Equity Fund | J.P. Morgan AM | BBVA AM | € 95 181 |
| M&G (Lux) Investment Funds 1 - M&G (Lux) European Strategic Value Fund | M&G | BBVA AM | € 94 214 |
| iShares $ Treasury Bond 0-1yr UCITS ETF | iShares | Futuro | € 93 040 |
| Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF | Vanguard | Futuro | € 92 976 |
| SPDR® Bloomberg 1-3 Month T-Bill UCITS ETF Acc | State Street | Futuro | € 92 963 |
| iShares US Aggregate Bond UCITS ETF | iShares | Real Vida Seguros (Optimize) | € 91 570 |
| iShares Core MSCI World UCITS ETF | iShares | Futuro | € 90 022 |
| AB SICAV I - Select Absolute Alpha Portfolio | AllianceBernstein | Ageas Pensões | € 89 768 |
| Lyxor CAC 40 (DR) UCITS ETF | Amundi | Real Vida Seguros (Optimize) | € 87 638 |
| Invesco MSCI World UCITS ETF | Invesco | Santander Totta Seguros | € 87 161 |
| Credit Suisse Euroreal | Credit Suisse | Futuro | € 84 807 |
| Pictet-Multi Asset Global Opportunities | Pictet | CA Vida | € 83 822 |
| Fidelity Funds - Asian Bond Fund | Fidelity International | Futuro (BIG); Santander Totta Seguros | € 83 041 |
| iShares Physical Silver ETC | iShares | Golden - SGF | € 81 755 |
| Candriam Long Short Credit | Candriam | CA Vida | € 81 453 |
| Lyxor Euro Stoxx 50 (DR) UCITS ETF | Amundi | Santander Totta Seguros | € 79 105 |
| Royal London Short Duration Global High Yield Bond Fund | Royal London | Real Vida Seguros (Optimize) | € 77 321 |
| iShares $ Corp Bond UCITS ETF | iShares | Real Vida Seguros (Optimize) | € 75 872 |
| SEB ImmoPortfolio Target Return Fund | Savills Group | Golden - SGF | € 74 246 |
| UTI India Dynamic Equity Fund | UTI International | Real Vida Seguros (Optimize) | € 74 237 |
| UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF | UBS AM | Ageas Pensões | € 73 733 |
| Xtrackers II US Treasuries 1-3 UCITS ETF | DWS | Golden - SGF | € 69 058 |
| iShares U.S. Aerospace & Defense ETF | iShares | Golden - SGF | € 66 336 |
| Fidelity Funds - Euro Bond Fund | Fidelity International | Real Vida Seguros (Optimize) | € 64 667 |
| iShares Core DAX® UCITS ETF (DE) | iShares | Real Vida Seguros (Optimize) | € 63 197 |
| Robeco QI European Conservative Equities | Robeco | BBVA AM | € 62 947 |
| Schroder International Selection Fund Global Climate Change Equity | Schroders | Ageas Pensões | € 62 617 |
| MGI Funds plc - Mercer Passive Low Volatility Equity Feeder Fund | Mercer Global Investments | Victoria Seguros | € 62 315 |
| KanAm grundinvest Fonds | KanAm-Gruppe | BPI Vida e Pensões | € 60 968 |
| Schroder International Selection Fund US Small & Mid-Cap Equity | Schroders | Real Vida Seguros (Optimize) | € 59 985 |
| Lonvia Avenir Mid-Cap Europe | Lonvia Capital | Real Vida Seguros (Optimize) | € 59 757 |
| AXA World Funds - Euro Credit Total Return | AXA | Real Vida Seguros (Optimize) | € 57 432 |
| BlackRock Global Funds - Continental European Flexible Fund | BlackRock | Real Vida Seguros (Optimize) | € 55 913 |
| JPMorgan Funds - Emerging Markets Equity Fund | J.P. Morgan AM | Real Vida Seguros (Optimize) | € 55 110 |
| RobecoSAM Smart Energy Equities | Robeco | Golden - SGF; Futuro | € 54 973 |
| PIMCO GIS plc - Global Real Return Fund | PIMCO | Futuro | € 51 498 |
| iShares Global Inflation Linked Govt Bond UCITS ETF USD (Acc) | iShares | Futuro | € 51 021 |
| Amundi Physical Gold ETC | Amundi | Golden - SGF (Dolat) | € 50 863 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | iShares | Real Vida Seguros | € 50 198 |
| iShares 20+ Year Treasury Bond ETF | iShares | Real Vida Seguros | € 48 552 |
| T. Rowe Price Funds SICAV - US Aggregate Bond Fund | T. Rowe Price | Ageas Pensões | € 47 242 |
| iShares Fallen Angels High Yield Corp Bond UCITS ETF | iShares | Futuro | € 47 026 |
| Schroder International Selection Fund Greater China | Schroders | Real Vida Seguros (Optimize) | € 45 686 |
| Invesco Funds - Invesco Global Targeted Returns Fund | Invesco | CA Vida | € 45 007 |
| UBS (Lux) Equity Fund - China Opportunity (USD) | UBS AM | Real Vida Seguros (Optimize) | € 44 099 |
| Barings Umbrella Fund plc - Barings Emerging Markets Sovereign Debt Fund | Barings | Ageas Pensões | € 42 866 |
| FTGF Royce US Small Cap Opportunity Fund | Franklin Templeton | Futuro; Santander Totta Seguros | € 42 461 |
| SEB ImmoInvest | Savills Group | Golden - SGF; BPI Vida e Pensões | € 42 048 |
| Exane Funds 2 Exane Equity Select Europe | Exane | Santander Totta Seguros | € 41 903 |
| TII C | Não Identificado | Santander Pensões | € 41 749 |
| Xtrackers Russell 2000 UCITS ETF | DWS | Victoria Seguros | € 39 362 |
| Allianz Global Investors Fund - Allianz Strategic Bond | Allianz Global Investors | Santander Totta Seguros | € 39 181 |
| iShares MSCI Japan SRI EUR Hedged UCITS ETF | iShares | Golden - SGF | € 36 381 |
| SPDR® Bloomberg 0-3 Year Euro Corporate Bond UCITS ETF | State Street | BPI Vida e Pensões | € 35 820 |
| First Trust Nasdaq Cybersecurity UCITS ETF | First Trust | Real Vida Seguros (Optimize) | € 31 217 |
| Schroder International Selection Fund Global Energy | Schroders | Real Vida Seguros (Optimize) | € 31 176 |
| BNP Paribas Funds Europe Small Cap | BNP Paribas | BBVA AM | € 30 910 |
| Nova Energia SICAR | Novenergia | GNB SGFP | € 29 902 |
| iShares MSCI Europe ex-UK UCITS ETF | iShares | Futuro | € 29 654 |
| Man GLG RI Sustainable European Income | Man Group | Santander Totta Seguros | € 26 540 |
| Xtrackers MSCI World UCITS ETF | DWS | Santander Totta Seguros | € 23 607 |
| BlackRock Global Funds - Global Government Bond Fund | BlackRock | Futuro | € 22 274 |
| iShares MSCI EM UCITS ETF USD (Acc) | iShares | Futuro | € 21 489 |
| Explorer III-CapRisc | Explorer | Futuro | € 21 467 |
| Goldman Sachs US Dollar Credit | Goldman Sachs | Santander Totta Seguros | € 19 513 |
| Santander GO North American Equity | Santander AM | Santander Totta Seguros | € 19 498 |
| Alger SICAV - Alger Dynamic Opportunities Fund | La Française | Santander Totta Seguros | € 18 412 |
| DNCA Invest Value Europe | Natixis | Santander Totta Seguros | € 16 896 |
| Lyxor Japan (Topix) (DR) UCITS ETF | Amundi | Santander Totta Seguros | € 16 378 |
| DWS Concept Kaldemorgen | DWS | Santander Totta Seguros | € 15 739 |
| Threadneedle (Lux) - Pan European Small Cap Opportunities | Columbia Threadneedle Investments | Futuro; Santander Totta Seguros | € 15 318 |
| Flossbach von Storch - Multi Asset - Defensive | Flossbach von Storch | Santander Totta Seguros | € 14 733 |
| Wellington Management Funds (Luxembourg) - Global Quality Growth Fund | Wellington Management | Santander Totta Seguros | € 13 844 |
| MULTI-UNITS LUXEMBOURG - Lyxor FTSE 100 UCITS ETF | Amundi | Futuro | € 12 167 |
| FTGF ClearBridge Infrastructure Value Fund | Franklin Templeton | Futuro | € 11 762 |
| DEGI Global Business | DEGI | Futuro | € 11 387 |
| iShares MSCI Australia UCITS ETF | iShares | Futuro | € 9 938 |
| RobecoSAM Sustainable Water Equities | Robeco | Futuro | € 9 663 |
| Jupiter Gold & Silver Fund | Jupiter AM | Santander Totta Seguros | € 9 109 |
| Fidelity Funds - Asia Pacific Opportunities Fund | Fidelity International | Santander Totta Seguros | € 9 090 |
| Nordea 1 - Global Listed Infrastructure Fund | Nordea AM | Santander Totta Seguros | € 9 060 |
| iShares MSCI Taiwan UCITS ETF | iShares | Futuro | € 8 597 |
| BNY Mellon Emerging Markets Debt Local Currency Fund | BNY Mellon | Santander Totta Seguros | € 8 544 |
| Lyxor MSCI Europe (DR) UCITS ETF | Amundi | Santander Totta Seguros | € 7 985 |
| Schroder International Selection Fund China A | Schroders | Santander Totta Seguros | € 7 920 |
| Amundi Index Solutions - Amundi MSCI USA SRI PAB | Amundi | BPI Vida e Pensões | € 7 641 |
| Edmond de Rothschild Fund - Big Data | Edmond De Rothschild | Futuro | € 7 315 |
| iShares VII PLC - iShares MSCI Korea UCITS ETF USD (Acc) | iShares | Futuro | € 6 559 |
| GREFF- EURO Real Estate C | GREFF | Real Vida Seguros | € 6 038 |
| Lyxor MSCI India UCITS ETF | Amundi | Futuro | € 5 715 |
| iShares VII PLC - iShares MSCI Canada UCITS ETF | iShares | Futuro | € 5 307 |
| Pictet-Security | Pictet | Futuro | € 5 121 |
| BNP Paribas Funds Climate Impact | BNP Paribas | Futuro | € 5 039 |
| iShares Ageing Population UCITS ETF | iShares | Futuro | € 3 805 |
| Invesco Solar Energy UCITS ETF | Invesco | Futuro | € 3 741 |
| iShares Edge MSCI USA Value Factor UCITS ETF | iShares | BPI Vida e Pensões | € 3 719 |
| CPR Invest Food For Generations | CPR Asset Management | Futuro | € 3 716 |
| UBS 3 Kontinente Immobilien | UBS AM | Golden - SGF | €632 |
| Mirabaud - Sustainable Global Strategic Bond Fund | Mirabaud Asset Management | Santander Totta Seguros | €193 |