The 2019 result was AP2’s (Andra AP-fonden) highest ever and totalled SEK 53.0 billion. Looking at the last five and ten years, the Fund’s average return has been 7.4 and 8.4 per cent respectively. Developments during the reporting year have meant that the Fund’s return will once again exceed its long-term return commitment both in the short and in the long term.
“2019 was a year characterised by new investment rules, sustainability issues and the general global turbulence that has become the new normal. Despite the turbulence, many of the world’s financial markets experienced strong growth. The result for the year was our highest ever at SEK 53.0 billion. The return after expenses was 15.9 per cent, which is significantly higher than our long-term return expectation,” says Eva Halvarsson, CEO of AP2.
“All asset classes saw positive returns and global stock markets, above all, experienced positive development. The total return for the Fund’s Swedish share portfolio was 30.2 per cent while corresponding figures for the developed markets and emerging markets portfolios were 31.7 and 19.9 per cent respectively. The return on Chinese A-shares proved to be the Fund’s best-performing asset class, with an annual return of 52.6 per cent,” says Eva Halvarsson.
“Based on our mission we have, over the years, developed unique expertise on the analysis of pension system development and system needs going forward. This helps us construct that portfolio best suited to achieving our goal of creating maximum benefit for the pension system. In 2019 we added to this analysis further by including the risks posed by climate change to economic growth,” says Eva Halvarsson.
The English version of AP2’s Annual report and the separate Sustainability Report 2019 will be available at www.ap2.se from beginning of March.
For more information, please contact:
Eva Halvarsson, CEO of AP2, +46 (0)31 704 29 00 or
Ulrika Danielson, Head of Communications &Corporate Governance, +46 (0)709 50 16 13
AP2 is one of five buffer funds within the Swedish pension system and one of northern Europe’s largest pension funds. The Fund’s assets under management total SEK 381.3 billion (31 December 2019), and cover essentially all asset classes across the entire world. We are leading specialists on the Swedish pension system, and we strive to be a world-class asset manager. We are a global leader when it comes to integrating sustainability into our investments, for the benefit of the pension system. The Fund is a long-term, responsible, asset management company. www.ap2.se