Andra AP-fonden reports its best ever result
Andra AP-fonden’s (AP2) profit of SEK 62.3 billion for 2021 is the best ever reported by the Fund. For 2021, the Fund’s total return amounted to 16.3 per cent, which after net payments of SEK -7.5 billion to the pension system increased the Fund’s assets under management to SEK 441 billion. The relative return was 0.5 per cent.
“AP2’s profit of SEK 62.3 billion is the best ever reported by the Fund. We have had a positive development in virtually all asset classes. This performance was primarily attributable to Swedish and global equities. In addition, we can report a fantastic return of as much as 66.1 per cent on our private equity investments,” says Eva Halvarsson, CEO of AP2.
“In the past ten years, AP2 has generated a return of 148.5 per cent, corresponding to an average return of 9.5 per cent per year. Less inflation, this corresponds to an annual real return of 8.3 per cent. In 2021, the real return was 12.0 per cent,” says Eva Halvarsson.
“In 2021, the Fund reduced the asset management costs to historically low levels, and the total asset management costs now amounts to 0.11 per cent,” says Eva Halvarsson.
“AP2 celebrated its 20th anniversary in 2021. Since the start in 2001, we have not only increased the Fund’s assets under management by SEK 307 billion, but we have also developed our sustainability activities, making us one of the leading companies in sustainability management in the world today. This is not something that has happened overnight, it has involved constant effort and the commitment and skills of all employees. The Fund will continue to develop and improve this work, with the aim of contributing to sustainable development and to a stronger pension system,” says Eva Halvarsson.
Key ratios | 31 Dec 2021 | 31 Dec 2020 |
Fund assets under management carried forward, SEK billion | 441.0 | 386.2 |
Result for the year, SEK billion | 62.3 | 12.8 |
Net payments to the national pension system, SEK billion | -7.5 | -7.9 |
Fund assets under management brought forward, SEK billion | 386.2 | 381.3 |
Asset management costs: operating expenses, % | 0.06 | 0.06 |
Asset management costs: commission expenses, % | 0.05 | 0.08 |
Total asset management costs, % | 0.11 | 0.14 |
Return after costs, % | 16.3 | 3.5 |
Real return after costs, % | 12.0 | 3.0 |
Annualised return after costs, 5 years, % | 8.5 | 7.3 |
Annualised return after costs, 10 years, % | 9.5 | 7.7 |
Real annualised return after costs, 10 years, % | 8.3 | 6.6 |
The English versions of AP2’s Annual Report 2021, the Sustainability and TCFD reports will be available at www.ap2.se from mid March.
For further information, please contact:
Eva Halvarsson, CEO of AP2, tel. +46 (0)31 704 29 00 or
Ulrika Danielson, Head of Communications and Corporate Governance, tel. +46 (0)709 50 16 13