Asset values and return 2016

AP4's assets of SEK 334 billion are invested in different asset classes such as equities, fixed income securities and real estate.

This year's return - Ten percent

AP4's total return was 10.1 (6.9) percent before expenses and 10.0 (6.8) after expenses. Return corresponded to a total profit, after expenses, of SEK 30.5 (20.1) billion.

The value of AP4's different assets and returns are presented below.

Asset class Market value, SEK bn Portfolio return, % Exposure┬╣, %
Equities, total 194.8 8.9 58.3
Global equities 131.5 7.3 39.4
Swedish equities 63.2 12.4 18.9
Fixed income assets 107.1 2.0 32.1
Real estate 24.5 25.9 7.3
Alternative assets 7.8 3.4 2.3
Currency 0.0 2.3 0.0
Other2 -0.2 -0.2 -0.1
Total investment assets 334.0 10.1 100.0

 

Asset class Contribution to total return, % Contribution to profit/loss
Equities, total 5.5 17.4
Global equities  3.3 10.3
Swedish equities 2.3 7.2
Fixed income assets 0.8 2.1
Real estate 1.6 5.1
Alternative assets 0.1 0.3
Currency 2.3 6.6
Other2 -0.2 -0.7
Total investment assets 10.1 30.9

Listed shares more than half of the assets

Listed shares, both global and Swedish, represent more than half of the assets at year-end.

Internal and external management

77.3 (77.6) percent of the assets were managed internally. The remaining 22.7 (22.4) percent of the assets were managed externally, of which 10.4 (10.0) percent in external index management.

AP4 manages internally when an overall assessment shows that an internal management can achieve the same or better performance at a lower cost.