AP4 in 100 words

The Fourth Swedish National Pension Fund (AP4) is a government agency. AP4's brief is to manage Fund capital for the best possible return over time and thus support the stability of the pension system.

The Fund shall independently formulate its targets and strategies. The Fund's Board of Diretctors and operations are, by law, not to be controlled by Government directives or by national business or other economic policy interests. Environmental and ethical issues must be taken into account without compromising the goal of best possible return.

At year-end 2013 Fund capital totalled SEK 260 billion.