Press releases

  • A tumultuous and dramatic first half-year 2020

    The Fourth Swedish National Pension Fund’s (AP4) return for the first half of 2020 was -2.5%  before and after costs. AP4’s total fund capital at 30 June 2020 amounted to SEK 403.2 billion, compared with SEK 418.0 billion at the start of the year. The result for the first half of the year was SEK -10.6 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 lower than the return for AP4’s benchmark portfolio, by -0.7 percentage points. Currency exposure at the end of the period was 19.7% of fund capital.

  • AP4 posts record result for 2019

    The return was very strong in 2019 and amounted to 21.7% after costs. Successful active management contributed 4.4 percentage points to the return. The result for the year totalled SEK 75.2 billion, and total fund capital increased to SEK 418.0 billion at year-end. Total costs amounted to 0.10% of assets under management. AP4’s cost level was 47% lower than for corresponding pension funds in an international comparison. During 2019 the carbon footprint of AP4’s equities portfolio decreased by a further 11% and is now 48% lower than for a broad global equities index.