Press releases and news

  • The AP Funds to conduct a strategic review of the Council on Ethics

    The First, Second, Third and Fourth AP funds will jointly conduct a strategic review of the Council on Ethics, as ESG and responsible investment practices are increasingly integrated into the AP Funds' asset management strategies and objectives. In connection to this, John Howchin, Secretary General of the Council on Ethics since 2009, announces that he is leaving his role.

  • Favourable return as the world transitions from crisis to restart

    The Fourth Swedish National Pension Fund’s (AP4) return for the first half of 2021 was 10.0 before costs, and 9.9% after costs. AP4’s total fund capital as per 30 June 2021 was SEK 489.8 billion, compared with SEK 449.4 billion at the start of the year. The result for the first half of 2021 was SEK 44.5 billion. During the same period, net payments from AP4 to the pension system totalled SEK 4.2 billion. The portfolio’s active return during the first half of the year was higher than the return for AP4’s benchmark portfolio, by 0.8 percentage points. Currency exposure at the end of the period was 21.0% of fund capital, which was unchanged since the beginning of the year.

  • AP4 reports good return for 2020

    After a year dominated by the Covid-19 pandemic and exceptional market movements, AP4’s return for 2020 ended at 9.6% after costs. Successful asset management contributed 2.4 percentage points to the return. The net result for the year was SEK 39.3 billion, and during the year the fund capital increased to SEK 449.4 billion after a total of SEK 7.9 billion was paid out to the pension system. Total costs amounted to 0.09% of assets under management. AP4 has cut the carbon footprint of its investments in the listed equities portfolio in half since 2010 and has now concretised new, ambitious climate targets aiming to once again halve the carbon footprint by 2030 with a view to have net-zero emissions by 2040 at the latest.