• Andra AP-fonden publishes 2020 sustainability report

    Andra AP-fonden (AP2) continued to work intensively to integrate sustainability into its management activities in 2020. The Fund’s approach to sustainability is based on the conviction that sustainability leads to better management results, and is thus advantageous for the income pension system and for pensioners. AP2 has been a pioneer on several occasions, for instance, …

  • Andra AP-fonden – strong end to a year spent aligning the portfolio to the Paris Agreement

    Thanks to a strong end to 2020, full-year earnings reached SEK 12.8 billion. The average returns of Andra AP-fonden (AP2) in the last five and ten years have been 7.3 and 7.7 per cent respectively. Growth during the year means that the Fund’s return once again exceeds the Fund’s long-term return assumption. “In many ways, …

  • Andra AP-fonden is aligning its portfolio with the Paris Aligned Benchmark

    Andra AP-fonden (AP2) has aligned its internal indices and portfolios for foreign equities and corporate bonds to meet the 1.5 degree target of the Paris Agreement. This means, among other things, withdrawal of investment from companies that generate revenues from selling fossil fuels. This also reduces the climate risk from the Fund’s global investments and further reduces its carbon footprint. During the …

  • AP2 publishes sustainability report for the first half-year 2020

    During the first half-year 2020 AP2 continued to work intensively to integrate sustainability into its management activities. The Fund approaches the issue of sustainability based on the conviction that sustainability results in better management performance, and thus in a better income pension system and a better deal for pensioners. AP2 has decided to publish a …

  • First half-year strongly affected by COVID-19

    Andra AP-fonden (AP2) reported a total return of -5.1 per cent, after costs, for the first half of 2020. The net result was SEK -19.3 billion, while the Fund’s assets totalled SEK 357.9 billion at the end of the first half of 2020. Relative to the benchmark index, the return was -0.1 per cent, excluding …

  • AP2’s Female Representation Index 2020 - slight decrease in the proportion of women on board of companies

    AP2’s Female Representation Index for 2020 shows that the proportion of women represented on the boards of companies listed on Nasdaq Stockholm, for the first time since 2013, is down slightly and now amounts to 33.7 (34.0) percent. On the other hand, the proportion of women in executive positions, for the tenth consecutive year, increased …

  • Council on Ethics influences safety in mining and focuses on deforestation, money laundering and climate efforts

    The Council on Ethics of the Swedish National Pension (AP) Funds Annual Report 2019:For more than 13 years, the AP Funds’ Council on Ethics has exercised influence on the AP Funds’ global portfolio of listed companies to improve their environmental, human rights and corporate governance work through engagement and dialogue. During 2019, the Council on …

  • AP2 – 2019 sees strongest result ever

    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 …

  • AP2 publishes 2019 sustainability report

    AP2 continued to work intensively to integrate sustainability into its management activities in 2019. The Fund approaches the issue of sustainability based on the conviction that sustainability results in better management results, and thus in a better income pension system and a better deal for pensioners. AP2 has on several occasions acted as a pioneer, …

  • Andra AP-fonden publishes Report on Human Rights

    As one of the first investors in the world, Andra AP-fonden (AP2) is publishing a Report on its work with human rights, based on the United Nations’ Reporting Framework. The Report describes how the Fund addresses its responsibility to respect human rights and the processes it employs to make these rights integral to its business …

  • AP2 significantly increased its return

    Andra AP-fonden (AP2) reported a total return of 10.7 (2.9) per cent, after costs, for the first half of 2019. The net result was SEK 35.6 (9.8) billion, while the Fund’s assets totalled SEK 367.4 (352.4) billion at the end of the first half of 2019. Relative to the benchmark index, the return was -0.4 …

  • AP2’s Female Representation Index 2019 - slight increase in the proportion of women on board of companies

    AP2’s Female Representation Index for 2019 shows that the proportion of women represented on the boards of companies listed on NASDAQ Stockholm continues to increase, albeit slowly, and is now at 34.0 (33.9) percent. The proportion of women in executive positions is also increasing and in this year’s survey it was 24.0 (23.2) percent. For …

  • The Council on Ethics of the Swedish AP Funds Annual Report 2018: New issues in focus during 2018

    For more than 10 years, the AP Funds’ Council on Ethics has exercised influence on the AP Funds’ global portfolio of listed companies to improve their environmental, human rights and corporate governance work through engagement and dialogue. During 2018, the engagement and efforts of the Council on Ethics have been directed at problem areas such …

  • Andra AP-fonden divests from tobacco and nuclear weapons

    Andra AP-fonden (AP2) has, since its inception, worked on integrating sustainability into its portfolio management. This enables the Fund to reduce risks and generate improved opportunities for higher returns. AP2 is now taking the next step in its sustainability programme. With the support of the changes to the AP Funds Act regarding exemplary fund management, …

  • AP2 reports a total return of –1.3 percent

    The Fund posted a negative return of SEK –4.3 billion in 2018, which corresponds to -1.3 per cent, reflecting above all negative stock market developments in the global equities markets, but also good results in non-listed assets. The Fund has nevertheless exceeded its long-term return assumption of 4.5 per cent. In the last five years, the Fund’s …

  • Andra AP-fonden – a decade of green bonds

    Andra AP-fonden (AP2) today publish a report to provide an aggregated overview of the Fund’s green bond portfolio and the investments in environmental initiatives and projects. AP2 currently has a global portfolio of green bonds worth 5.7 billion SEK, comprising bonds issued by 52 different issuers and involving 1,300 different projects in 96 countries. AP2 …

  • AP2’s fund capital increased to SEK 352.4 billion

    Andra AP-fonden (AP2) reported a total return of 2.9 per cent, including costs, for the first half of 2018. Relative to the benchmark index, the return was -0.1 per cent, excluding alternative investments and costs. The net result was SEK 9.8 billion, while the Fund’s assets totalled SEK 352.4 billion by the end of the …

  • The proportion of women on the boards and in executive positions at listed companies continues to increase and Large Caps are leading the way

    AP2’s Female Representation Index for 2018 shows that the proportion of women represented on the boards of companies listed on NASDAQ Stockholm continues to increase and is now at 33.9 (32.2) percent. The proportion of women in executive positions is also increasing and in this year’s survey it was 23.2 (21.7) percent. Large-cap companies account …

  • The Council on Ethics focuses on counteracting corruption

    The Council on Ethics of the Swedish National Pension Funds (the Council) celebrated ten years in 2017. During these ten years, the Council has influenced global portfolio companies to improve their work and information regarding environmental, social issues and corporate governance through corporate dialogues. During 2017 the dialogues have included discussions and meetings with companies …

  • AP2 invests 99 billion according to internally developed ESG indices

    During 2017 AP2’s employees designed new indices for the global equities asset class. This means that the Fund now has ESG exposure on all internal capital in the foreign equity asset class, totalling SEK 99 billion. This is an important part of the Fund’s continued work with implementing ESG factors (Environmental, Social and Governance) in …

  • AP2 publishes report in line with TCFD recommendations

    The Second Swedish National Pension Fund (AP2) is one of the first investors to have published a report in accordance with the Task force on Climate-related Financial Disclosures (TCFD) recommendations. ”We wanted to start reporting as soon as possible, both for the sake of our own learning but also because we want to know what …

  • Second AP Fund reports a total return of 9.1 percent for 2017

    The Second Swedish National Pension Fund (AP2) reported a total return on investment of 9.1 percent for the full twelve months, excluding expenses. Assets under management rose to SEK 345.9 billion. The net result was SEK 28.8 billion. The Fund’s performance in 2017 means that it once again has exceeded the long term targeted return …

  • The Second AP Fund generates stable return despite turbulent market

    The Second AP Fund (AP2) posted a net result of SEK 15.5 billion for the first half of 2017 and the Fund’s assets under management totalled SEK 336.3 billion. The Fund posted a total return of 4.8 percent, including costs. Relative to benchmark index, return was 0.1 percent, excluding alternative investments and costs. “Despite a …

  • The Second AP Fund’s Female Representation Index celebrates 15th anniversary

    The proportion of women on the boards and in executive positions at listed companies continues to increase and Large Caps are leading the way. In the 15 years that the Second AP Fund has published a Female Representation Index, the proportion of women on boards has increased by 26.1 percentage points. The Female Representation Index …

  • The Second AP Fund's investment contributes towards achieving the UN Sustainable Development Goals

    The Second AP Fund (AP2) has invested in the private equity fund, The Rise Fund, which is managed by TPG Growth, the global growth equity and middle market buyout platform of alternative asset firm, TPG. The Rise Fund is committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns. The Rise Fund’s …

  • The Ethical Council Annual Report 2016 – Human rights continues to be in focus

    The Ethical Council of the Swedish AP Funds celebrates ten years 2017. During these ten years the Council has through engagement encouraged the AP Funds’ global portfolio companies to improve their work on environmental issues, human rights and corruption. In 2016 dialogues have covered companies regarding the fishing industry in Thailand and the guest workers’ …

  • Second AP Fund reports a total return of 10.5 percent for 2016

    The Second Swedish National Pension Fund (AP2) reported a total return on investment of 10.5 percent for the full twelve months, excluding expenses. Assets under management rose to SEK 324.5 billion. The net result was SEK 30.5 billion. The Fund’s performance in 2016 means that it has exceeded the long term targeted return in both …

  • Second AP Fund publishes 2016 Sustainability & Corporate Governance Report

    2016 was an eventful year for the Second AP Fund (AP2) in terms of sustainability. This was the result of a long-term and structured commitment, in line with the Fund’s primary mandate, to make sustainability integral to all activities. Today, AP2 publishes its Sustainability & Corporate Governance Report for 2016. The Fund are determined to …

  • Second AP Fund furthers integration of sustainability in asset management activities

    The Second AP Fund has further integrated sustainability as part of its asset management strategy by incorporating ESG (Environmental, Social and Governance) factors into its quantitative management of asset class global equities. Consequently, SEK 90 billion of Fund capital is now managed in line with ESG considerations. A broader range of decision data enables better …

  • Second AP Fund’s approach to the transition towards a low-carbon economy

    Today, the Second AP Fund (AP2) is releasing a publication regarding its approach to the transition towards a low-carbon economy. The Fund has also followed up its analysis of financial climate risks in t power utilities, deciding to divest in a further ten companies that it believes are exposed to significant financial climate risks. Climate …

  • The Second AP Fund’s well diversified portfolio generates stable results

    The Second AP Fund (AP2) posted a net result of SEK 10.6 billion for the first half of 2016 and the Fund’s asset under management totalled SEK 308 billion. The Fund posted a total return of 3.7 percent, excluding costs. Relative to benchmark index, return was -0.7 percent, excluding alternative investments and costs. “Despite turbulence …

  • AP2 Female Index 2016: women now comprise more than 30 percent of boards in quoted companies

    The Second AP Fund’s 2016 Female Representation Index (Female Index) reveals that the percentage of women on the boards of companies quoted on Nasdaq Stockholm continues to rise, currently amounting to 30.7 percent compared to 27.9 percent for the preceding year. The proportion of women on executive managements has also noted a steady increase, rising …

  • Second AP Fund divests holdings in an additional 19 fossil-fuel production companies

    The Second AP Fund is further reducing its exposure to financial risk in the fossil-fuel production sector. The Fund is consequently divesting its shares in an additional eleven coal and eight oil-and-gas production companies. These combined holdings have a total market worth of approximately SEK 550 million. In 2014, the Second AP Fund conducted its …

  • AP2 announces $30mm investment in the Women Entrepreneurs Opportunity Facility, Goldman Sachs 10,000 women and IFC commitment to increase access to capital for women entrepreneurs

    First-ever global finance facility to help close the global credit gap for women The Second Swedish National Pension Fund, AP2, is taking yet another important step in the field of sustainability and today announced a $30MM investment in the Women Entrepreneurs Opportunity Facility (WEOF), the Goldman Sachs 10,000 Women and International Finance Corporation’s (IFC) partnership …

  • AP2 ranked 8 in the world when it comes to managing climate risk

    AP2 is ranked 8 in the world when it comes to managing climate risk by Asset Owners Disclosure Project (AODP). AP2 received an AAA rating in this year’s Global Climate 500 Index.This is an improvement from last year when the fund ranked 11. AODP rates the world’s 500 largest investors on their success at managing …

  • The Second and Sixth Swedish National Pension Fund sell Norrporten to Castellum

    The Second Swedish National Pension Fund (“AP2”) and the Sixth Swedish National Pension Fund (“AP6”) today announce that they have entered a definitive agreement under which Castellum AB (publ) (“Castellum”) will acquire all outstanding shares in Norrporten AB (publ) (“Norrporten”) through a combination of cash and shares. Up until closing, the total consideration amounts to …

  • Ethical Council Annual Report 2015 – corporate dialogues promote improvement

    The Ethical Council of the Swedish AP Funds has an important task – to encourage portfolio companies to enhance their performance on environmental and social issues. The AP Funds are long-term, responsible and committed investors. The Ethical Council’s dialogues with companies make a difference. During 2015, the Ethical Council conducted dialogues with 178 companies around …

  • Second AP Fund develops strategy for green bonds

    The Second AP Fund allocates one percent of its total strategic portfolio to ‘green bonds’, making this asset class part of the Fund’s broad investment strategy. This marks a new strategic approach with regard to the Fund’s investments in sustainability – and a further step along the way to making sustainability an integral part of …

  • Second AP Fund reports a total return of 4.1 percent for 2015

    The Second Swedish National Pension Fund (AP2) reported a total return on investment of 4.1 percent for the full twelve months, excluding expenses. Assets under management rose to SEK 300.6 billion. The net result was SEK 11.7 billion. The relative return on the total portfolio, excluding alternative investments and costs, amounted to 0.9 percent. The …

  • The Second AP Fund continues to assess the financial impact of climate risks and will divest from 28 power utilities

    The Second AP Fund (AP2) is reducing its financial risk in power utilities, whose profits derive primarily from the carbon-based generation of electricity. Consequently, the Fund will not retain holdings in 28 power utilities. These combined holdings have a total market worth of some SEK 670 million. The Second AP Fund’s climate-risk assessment of the …

  • The Swedish National Pension (AP) Funds coordinate the way carbon footprints are reported for investment portfolios

    The Swedish AP Funds, the First, Second, Third, Fourth, Sixth and Seventh AP Funds, have agreed to coordinate the way carbon footprints are reported. The AP Funds will all report their carbon footprints with three indicators. All AP Funds have measured their individual carbon footprints for 2014. To increase transparency and the ability to assess …

  • AP2´s CEO Eva Halvarsson take part in World Climate Summit

    The Second AP Fund’s CEO Eva Halvarsson, will during World Climate Summit in Paris December 6th to take part in the panel Carbon Tracker Energy Plenary Session “A roadmap for the energy transition: challenges and solutions”. Read more at: www.carbontracker.org/news/a-roadmap-for-the-energy-transition-challenges-solutions

  • The proposed reform of the AP Funds is expensive and will lead to lower pensions

    This article was published in Dagens Nyheter 23 October. “Ill-defined and bureaucratic. The proposal concerning new regulations for governing the activities of the Swedish National Pension (AP) Funds features several changes for the worse. It increases the risk of short-term politically-motivated micromanagement and puts an end to long-term investment in sectors such as real estate …

  • Second AP Fund publishes 2014/2015 Sustainability & Corporate Governance Report

    Integrating sustainability into asset management is about factoring sustainability issues into analytical and decision processes. This also enables the Fund to reduce risk and increase its potential for increased return. The Fund believes that companies focused on long-term sustainability will also generate a solid return in the long term. Today, the Second AP Fund publishes …

  • The Second AP Fund has over the past decade generated an average annual return of 7 percent

    The Second AP Fund (AP2) posted a total return of 5.2 percent, excluding costs, for the first half of 2015. Relative to benchmark index, return was 0.2 percent, excluding alternative investments and costs. Fund capital increased by SEK 12.6 billion to SEK 306.5 billion by June 30 2015. • The Second AP Fund’s assets under …

  • First and Second Swedish National Pension Fund, together with TIAA-CREF, create strategic partnership to invest in European office properties

    The First (AP1) and Second Swedish National Pension Fund (AP2) together with TIAA-CREF, a leading financial services provider, have agreed to combine forces in a new joint venture to create a leading, pan-European office investment platform committed to building €4bn+ office portfolio. TH Real Estate, have established the platform for the joint venture and will …

  • The Second and Third Swedish National Pension Funds selects Northern Trust as global custodian after co-operating on procurement process

    The Second (AP2) and Third Swedish National Pension Fund (AP3) has jointly performed a procurement of Global Custody Services during 2014 and 2015 and have now decided to award the contract as Global Custodian to Northern Trust for each of the funds. By conducting a joint procurement AP2 and AP3 could streamline the process by, …

  • AP2 best use of fixed income at IIN awards 2015

    Voted by investors in the Nordic region AP2 received price for best innovative thinking and sound investment approach in fixed income investing at the Institutional Investor Nordic roundtable in Stockholm June 2.

  • AP2 Female Index 2015 – major increase in percentage of women on boards of publicly quoted companies

    The Second AP Fund’s 2015 Female Representation Index (Female Index) reveals that the percentage of women on the boards of companies quoted on the Stockholm Stock Exchange continues to rise, currently amounting to 27.9 percent compared to 24.7 percent for the preceding year. This is the second largest increase since records began. The proportion of …

  • New member of AP2’s Board of Directors

    The Swedish Government has appointed Kristina Mårtensson as a new member of AP2’s board.

  • Second AP Fund's shareholder proposal for Statoil's AGM was supported by 99.95 percent

    At yesterday’s annual general meeting at Statoil, the Second AP Fund, together with the Fourth AP Fund, submitted a shareholder proposal. The proposal was supported by 99.95 percent and it was proposed that the company will expand its reporting regarding: greenhouse gas emissions, evaluating project portfolio against relevant post-2035 scenarios, the company’s plans in terms …

  • AP2 ranked 11 in the world for efforts on climate risk

    AP2 is ranked 11 in the Asset Owners Disclosure Project’s (AODP) index of the world’s 500 largest investors. AODP has ranked the investors according to the level of effort they put towards mitigating climate risk. Link to AODP’s homepage.

  • AP2 submits shareholder proposals for increasing climate reporting of Statoil

    AP2 have, together with AP4, submitted a shareholder proposal for Statoil’s AGM. It is proposed that the company will expand its reporting regarding: greenhouse gas emissions, evaluating project portfolio against relevant post-2035 scenarios, the company’s plans in terms of research and development for “low-carbon” energy and how the company takes sustainability into their strategic key …

  • AP2´s Sustainability and Corporate Governance Report 2013/2014 nominated in RI Reporting Awards 2015

    Among over 1000 pension funds, the Secon AP Fund´s Sustainability and Corporate Governance Report 2013/2014 has been nominated in the Responsible Investor Reporting Awards 2015. Winners will be announced on 2-3 June in London. Read more

  • Annual Report 2014 for The Ethical Council – A successful focus on the mining industry and three recommended exclusions

    The Ethical Council of the AP-Funds builds its process on dialogue with companies both when problems arise in their business and for preventive measures. During 2014 the Ethical Council totaling 308 dialogues and completed three reactive dialogues. The Ethical Council has recommended the AP-Funds to exclude the companies Agrium, Motorola Solutions and Barrick Gold who …

  • Second AP Fund maintains strong results – 13.3 percent return on investment in 2014

    The Second AP Fund reported a total return on investment of 13.3 percent for the full twelve months, excluding expenses. Fund capital rose by SEK 29.2 billion, totalling SEK 293.9 billion. The net result was SEK 34.3 billion. The relative return on the total portfolio, excluding alternative investments and costs, amounted to 0.5 percent. The …

  • Second AP Fund publishes 2013/2014 Sustainability & Corporate Governance Report

    Since its inauguration in 2001, the Second AP Fund has conducted a whole range of activities in the field of sustainability, having many times been a pioneer. For example, the Fund was among the first investors in the world to become a signatory to the UN’s Principles for Responsible Investment (PRI), as well as being …

  • Second AP Fund to divest holdings in a number of fossil-fuel based energy companies

    The Second AP Fund is reducing its financial risk in fossil-fuel based energy. Consequently, it will no longer have investments in 12 coal and 8 oil-and-gas production companies. This comprises holdings with a total market value of about SEK 840 million. Following a comprehensive risk analysis of all Second AP Fund holdings in fossil-fuel based …

  • Fund capital increased to more than SEK 280 billion – a new record

    The Second AP Fund (AP2) posted a total return of 7.0 percent, excluding costs, for the first half of 2014. Fund capital increased by SEK 15.6 billion to SEK 280.3 billion by June 30 2014. The net result for the first-half amounted to SEK 18.1 billion. Relative to benchmark index, return was 0.1 percent, excluding …

  • AP2’s Female Index 2014: The number of women on publicly quoted corporate boards rises for first time in three years

    The AP2’s Female Representation Index for 2014 reveals that the number of women on publicly quoted corporate boards has risen for the first time in three years, from 22.3 to 24.7 per cent. At the same time, the number of women in executive management positions continues to note a steady rise, amounting to 18.4 per …

  • New member of AP2’s Board of Directors

    The Swedish Government has appointed Johnny Capor as a new member of AP2’s board.

  • The Second Swedish National Pension Fund (AP2) accepts Volkswagen’s bid for Scania

    AP2 has today, after a comprehensive financial analysis, decided to accept the offer from Volkswagen of SEK 200 per share for Scania. AP2 owns 1,554,470 B-shares in Scania, which represents 0.2 percent of the capital and 0.04 percent of the votes. For further details, contact CEO Eva Halvarsson, Second AP Fund, on 46 (0)31-704 29 …

  • The Ethical Council Annual Report 2013 – Impact through dialogues

    The Ethical Council is developing its preventive dialogues in order to get companies to act more responsibly and thereby reduce the risk that they violate international conventions. The focus areas for the Ethical Council in 2013 included human rights, business ethics and environmental issues in the telecom, pharmaceutical, tobacco and cocoa industry. The Ethical Council …

  • Second AP Fund performs strongly to exceed targeted portfolio return, both short and long-term

    The Second Swedish National Pension Fund/AP2 posted a net result of SEK 30.1 billion for the year and, after payments to the national pension system, Fund capital totalled SEK 264.7 billion. The Fund’s return on the total portfolio for the year, excluding costs, was 12.8 percent. Return relative benchmark index, excluding alternative investments and costs, …

  • New member of the AP2’s Board of Directors

    The Swedish Government has appointed Christer Käck as a new member of AP2’s board.

  • Swedish AP Funds exclude four companies accused of contravening international conventions

    The First, Second, Third and Fourth AP Funds (AP1-AP4) are to divest their holdings in Walmart, Freeport McMoRan, Incitec Pivot and Potash after being advised by their Ethical Council that several years of engagement with the companies had failed to delivered the desired results. The Ethical Council has in recent years engaged in dialogue with …

  • Second AP Fund’s diversified portfolio continues to ensure stable return

    The Second AP Fund (AP2) posted a total return of 4.3 percent, excluding costs, for the first half of 2013. The net result for the first-half amounted to SEK 10.0 billion and, after net outflows to the national pension system, Fund capital increased to SEK 248.3 billion. Relative to benchmark index, return was 0.2 percent, …

  • AP2 Women’s Index 2013: The number of women on corporate boards has declined for the second year in succession, although the number in executive management positions continues to grow

    The 2013 edition of AP2’s Women’s Index reveals that the number of women on corporate boards has declined since 2011 and, according to this latest report, account for only 22.3 per cent. However, the number of women in executive management positions continues to note a steady rise, to the current level of 17.2 per cent. …

  • New member of the AP2’s Board of Directors

    The Swedish Government has appointed Ole Settergren, from the Swedish Pensions Agency, as a new member of AP2’s board.

  • Ethical Council's annual report for 2012 – engagement yields results

    During 2012 the Ethical Council conducted dialogues on various aspects of environmental and social responsibility with a total of 118 companies worldwide. The Ethical Council’s external consultant held discussions with a further 102 companies on the Ethical Council’s behalf. The Ethical Council increasingly takes a preventive approach to encourage companies to act more responsibly and …

  • Strong net result – Second AP Fund clearly exceeds targeted long-term return

    The Second Swedish National Pension Fund/AP2 has posted a net result of SEK 28.6 billion for 2012, bringing its total capital assets to SEK 241.5 billion. Return on investment for the year, excluding costs, was 13.5 percent. Return relative to benchmark index amounted to 1.1 percent, excluding alternative investments and costs. Over the past ten …

  • AP2 invests in US properties

    The Second Swedish National Pension Fund (AP2) is investing USD 325 million in the American real estate company, US Office Holdings. The company is jointly owned with the South Korean National Pension Fund, NPS, and an affiliate of the American real estate company, Tishman Speyer. AP2 has acquired 41 per cent of US Office Holdings, …

  • Result consistent with AP2’s long-term objectives

    The Second AP Fund posted a total return of 5.8 percent, excluding costs. Relative to benchmark index, return was 0.5 percent, excluding alternative investments and costs. Fund capital increased by SEK 10.6 billion to SEK 227.3 billion for the first half of 2012. • The Second AP Fund’s assets under management totalled SEK 227.3 (227.5) …

  • AP2 Women’s Index 2012: The number of female board members is falling while the number of women in management groups is at an all time high

    The tenth edition of AP2’s annual Women’s Index shows that the number of female board members is down somewhat on the previous year, with women making up 22.7 per cent of boards. However, the number of women in company management positions is continuing to increase, reaching 16.3 per cent this year; the highest percentage recorded …

  • New members of the AP2´s Board of Directors

    The Swedish Government has appointed Ulrika Boëthius, Chairman of Finansförbundet, Lenita Granlund, Negotiations Secretary LO and Niklas Johansson as new members of AP2’s board.

  • Ethical Council’s annual report for 2011 – Sweden’s AP funds making a difference through preventative measures

    The Ethical Council’s annual report for 2011, which covers joint efforts in the environmental and ethical area between the First, Second, Third and Fourth AP Funds (AP1, AP2, AP3 and AP4), shows positive development for the companies that have been targeted for ongoing dialogue. These improvements can among other things be explained by the Ethical …

  • Debt crisis and market declines affect result

    The Second Swedish National Pension Fund/AP2 posted a return of -1.9 percent for 2011 on its total portfolio, excluding expenses, which was less than the decline noted by the major stock markets. Diversification of the Fund’s portfolio assets in recent years has served to counteract this negative trend. The Fund’s return relative to benchmark index …

  • Press release from the Sustainable Value Creation initiative

    The investors behind the Sustainable Value Creation initiative have published their second report. Read the press release (PDF-document, 372 kB) Read the report (PDF-document, 1,5 MB)

  • AP2 won IPE Country award

    AP2, together with AP1, won the price for best pension fund in Sweden on the IPE Awards 2011, 17 November in Brussels.

  • Second AP Fund publishes Corporate Governance Report 2010/2011

    The Second AP Fund today publishes its 2010/2011 Corporate Governance Report. The Fund’s governance activities are presented together with a number of feature articles, covering topics such as sustainability in focus with investments in forest and agriculture, the development of the number of women on publicly quoted boards, corporate governance in Asia and as the …

  • Investors launch Principles for Responsible Investment in Farmland

    A group of institutional investors currently representing US$1.3 trillion in assets have today launched the Principles for Responsible Investment in Farmland (the “Farmland Principles”) with the goal of improving the sustainability, transparency and accountability of investments in farmland. Recent years have seen a strong increase in investor interest in farmland. The Farmland Principles provide institutional …

  • Positive result despite turbulent market

    The Second AP Fund’s return on invested capital contributed SEK 5 billion during the first half of 2011 and increased the Fund’s total capital assets to SEK 227.5 billion. The Fund posted a total return, excluding costs, of 2.4 percent. Relative to benchmark index, return was 0.1 percent, excluding alternative investments and costs. – The …

  • Cityhold Property AB – First and Second Swedish National Pension Funds’ new company is now in place, focusing on stable European property investments

    Cityhold Property AB will be the name of the company for European property investments jointly owned by the First and Second Swedish National Pension Funds. Cityhold Property will be operated in cooperation with Catella, which will assist the company with resources and expertise under a long-term management agreement. Senior personnel have now been appointed in …

  • New member of the AP2's Board of Directors

    The Swedish Government has appointed Helén Källholm, CEO of Svenska kyrkans arbetsgivarorganisation, as new member of AP2’s board.

  • Second AP Fund invests USD 250 million in agricultural real estate

    The Second Swedish National Pension Fund/AP2 has decided to establish a joint venture with US pension fund TIAA-CREF, with a view to investing in agricultural real estate in the USA, Australia and Brazil. The Second AP Fund is to invest about USD 250 million in a newly formed company that will acquire and manage agricultural …

  • Award at IPE European Pension Funds Awards

    Wednesday May 18, Anders Strömblad, AP2, along with Ossian Ekdahl, AP1, received an award at IPE European Pension Funds Awards, for the funds newly established joint company that will invest in European real estates.

  • The Annual Report of the Ethical Council 2010 – Sweden’s AP funds make a difference through dedicated ownership

    The joint Ethical Council of Sweden’s First, Second, Third and Fourth AP funds (AP1, AP2, AP3 and AP4) has today presented its annual report for 2010. The report describes how the four AP funds make a difference by using their influence as owners to take action against infringement of international conventions and demand changes. The …

  • First and Second Swedish National Pension Funds form joint company to invest in European real estate

    The First and Second Swedish National Pension Funds (AP1 and AP2) have decided to form a joint company in association with Catella, for investment in European real estate. The formation of this company will enable both funds to establish long-term ownership of real estate on the most significant European markets. The company’s business strategy is …

  • AP2 generates solid result for full year

    The Second AP Fund’s net result for the year amounted to SEK 22.3 billion. Return relative to benchmark index was 0.8 percent, excluding alternative investments and expenses. All asset classes outperformed their respective benchmark indices. The Fund’s high exposure in Swedish equities has also continued to contribute strongly to the positive absolute return in 2010. …

  • Allocation decision regarding framework agreements for analysis of environmental, social and ethical aspects including advice

    The Second Swedish National Pension Fund – AP2 has decided to sign framework agreements with Ethix SRI Advisors, GES Investment Services, Northwest & Ethical Investments and Sustainalytics for the possibility of delivering analysis concerning environmental, social and ethical aspects and advice. The decision has been made on the basis that these tenders are considered to …

  • Second AP Fund publishes Corporate Governance Report

    The Second AP Fund today publishes its 2009/2010 Corporate Governance Report. The Fund’s governance activities are presented together with a number of feature articles, covering topics such as the development of the number of women on publicly quoted boards, an interview with the venture capitalist Vinod Khosla, nomination committees according to the Swedish system and …

  • All asset classes outperformed index

    The Second AP Fund’s return on invested capital contributed SEK 2.5 billion during the first half of 2010. After pension disbursements of SEK 2.0 billion, the Fund’s capital assets amounted to SEK 204.8 billion. The Fund posted a total return, excluding costs, of 1.3 percent. Relative to the benchmark index, return was 0.4 percent, excluding …

  • Female representation on company boards is rising but number of women in executive positions is declining

    The annual study conducted by the Second Swedish National Pension Fund (AP2) reveals that the proportion of female representatives on company boards has risen to 22.2 percent, the highest level attained since the study started in 2003. Even so, the proportion of women on corporate executives has fallen to 13.8 percent. Compared to the preceding …

  • The Annual Report of the Ethical Council 2009 – Dialogue and cooperation are effective tools for influencing companies

    The Ethical Council of the First, Second, Third and Fourth AP Funds today publishes its annual report for 2009. The report details the dialogues that the Council holds with companies where indications exist that the companies in question have violated the AP funds’ ethical guidelines. The Council uses dialogue and cooperation as its main tools …

  • Second AP Fund appoints new CIO

    Hans Fahlin (52) has been appointed new CIO at the Second Swedish National Pension Fund/AP2. He takes up his new post in mid-April. Hans has 25 years’ experience of the financial industry, the past 17 years in asset management. He has held several leading posts within Alfred Berg/ABN AMRO, including a position as CEO for …

  • Best result since Fund’s start

    The Second AP Fund’s assets under management totalled SEK 204.3 (173.3) billion as per December 31st 2009, an increase of SEK 31 billion compared with the preceding year. The net result for the year was SEK 34.9 (-55.1) billion. The increase in assets under management was mainly attributable to the sharp recovery in global stock …

  • The Ethical Council rewarded with NRPN’s award for Best SRI-strategy

    The AP-funds joint Ethical Council has received NRPN´s award for Best SRI-strategy 2009. NRPN stands for Nordic Region Pension and Investment News, and is a publication within the Financial Times Group. ”This recognition of our work makes us very proud. Our work within the Ethical Council is built upon a systematic work process where dialogues …

  • Second AP Fund publishes Corporate Governance Report

    Today we publish the Second Swedish National Pension Fund/AP2’s Corporate Governance Report for 2008/2009. As well as presenting the Fund’s governance activities, the Report contains feature articles on topics ranging from the estimated carbon footprint for the Fund’s portfolio companies and guidelines on sustainability issues for the private equity sector to how the Fund’s real …

  • Continuing high share of equities fuels solid recovery

    The first half of the year saw some major market fluctuations, even if the situation on the world’s equities, fixed-income and foreign exchange markets was somewhat calmer, compared to autumn 2008. This positive result may be largely attributed to the continuing high share of equities in the Second AP Fund’s portfolio, especially in terms of …

  • Ethical Council: Three dialogues lead to desired effect

    The Ethical Council of Sweden’s First to Fourth AP Funds conducts active dialogue with companies that are associated with breaches of the international conventions signed by Sweden. Its aim is to pressure these companies toward action to prevent similar incidents in the future.Three of the companies on the Ethical Council’s dialogue list, Grupo Ferrovial S.A. …

  • Ethical Council of Sweden’s AP Funds presents annual report for 2008: Successful dialogues with the companies

    The Ethical Council of Sweden’s First to Fourth AP Funds has today presented its annual report for 2008, in which the Council reports on the past year’s progress in ongoing dialogues with companies suspected of violating the ethical guidelines governing the four Funds’ investments. The dialogues in 2008 were successful in several cases, and the …

  • Stock market decline causes sharp fall in market worth of Second AP Fund

    The Second Swedish National Pension Fund/AP2’s result for 2008 is primarily attributable to the sharp decline of world stock markets during the year. Amounting to SEK -55.1 billion, this result corresponds to a return of -24 percent on net assets. • The Fund’s capital assets totalled SEK 173.3 billion as per December 31st 2008, a …

  • Second AP Fund publishes Corporate Governance Report

    The Second AP Fund today publishes its 2007/2008 Corporate Governance Report. The Fund’s governance activities are presented together with a number of feature articles, covering topics such as Sovereign Wealth Funds, the exercise of voting rights at foreign AGMs, the environmental consequences of mining and the work of the Ethical Council of the Swedish National …

  • Second Swedish National Pension Fund

    The Second Swedish National Pension Fund/AP2 is selling its holdings in companies that market cluster munitions. These holdings are being sold on the advice of the Ethical Council of the Swedish National Pension Funds, which has studied the convention banning cluster munitions, a convention endorsed by Sweden in May 2008. In its analysis, the Ethical …

  • Turbulent financial markets produced negative result

    The Fund’s capital assets amounted to SEK 207.2 billion as per June 30th 2008, corresponding to a decline of SEK 20.3 billion since January 1st, including inflows. This meant that the Fund posted a return of -9.1 percent on its total portfolio for the first half of the year, excluding expenses. Return on assets less …

  • AP Funds’ Ethical Council uses dialogue to encourage corporate responsibility

    The Ethical Council of Sweden’s First-Fourth AP Funds has today presented its first annual report. In connection with this, the Ethical Council has published the names of the companies with which it is currently engaged in dialogue. “This dialogue is the Ethical Council’s most important tool for encouraging companies to act responsibly. Our discussions are …

  • Favourable return despite turbulent times

    The Second AP Fund’s capital assets totalled SEK 227.5 billion on December 31st 2007, an increase of SEK 10.7 billion compared with year-end 2006. During the year, the Fund reported net inflows of SEK 2 billion. The net result for the year amounted to SEK 8.7 billion. The Fund noted a return of 4.2 percent …

  • Poul Winslow leaves AP2

    Poul Winslow will leave his role as CIO for Andra AP-fonden by April 2008. Poul will begin in a new position at Nordea building a Fund of Hedge Funds business. – We are sorry that Poul leaves AP2 and wish him the best of luck, comments Eva Halvarsson, CEO at AP2. The search process for …

  • Expanded Corporate Governance Report

    The Second AP Fund has published its Corporate Governance Report for the period July 1st 2006 to June 30th 2007. The Report, which addresses a number of different themes, is intended for a wider public, in the hope of stimulating discussion of a broader range of topics. “Interest in and pressure on us as investors …

  • Strong first-half result

    The Fund’s capital assets amounted to SEK 232.8 billion as per June 30th 2007, corresponding to an increase since January 1st of SEK 16 billion, including inflows. This means that the Fund’s total portfolio, excluding expenses, showed a return of 7.0 percent for the six months ending June 30th 2007. Return on assets less commission …

  • Second AP Fund cited as model example in UN report

    The United Nations has selected the Second AP Fund, with 14 other pension funds around the world, as exceptionally successful in addressing sustainability issues in the finance sector. The United Nations Environment Programme Finance Initiative (UNEP FI) and the United Kingdom Social Investment Forum (UKSIF) have published a book in which a number of international …

  • Strong performance by Second AP Fund

    The Second AP Fund’s capital assets amounted to SEK 216.8 billion as per December 31st 2006, an increase of SEK 26.2 billion compared with the preceding year. During the year, the Fund reported a net inflow of SEK 1.7 billion. Net profit for the year totalled SEK 24.5 billion. The Fund posted a return of …

  • AP funds coordinate ethics activities and set up a joint Ethical Council

    Through the formation of an Ethical Council, Sweden’s national pension buffer funds, AP1, AP2, AP3 and AP4, have coordinated their SRI analysis of environmental and ethical compliance in the foreign companies where the funds have holdings. The collaboration will involve monitoring of the funds’ investment portfolios with regard to violation of international conventions, analysis and …

  • Second AP Fund excludes Wal-Mart

    The Second AP Fund has confirmed its position concerning Wal-Mart’s alleged infringement of human rights in working life. Wal-Mart, which is the world’s largest retailer, posted sales of USD 285 billion in 2005. Dating from 2003, the Second AP Fund has written letters, exercised its voting rights at AGMs and participated in an investor group …

  • Skandia, Husqvarna and signature of UN Principles for Responsible Investment (PRI) most important corporate governance issues

    For the second year in succession, the Second AP Fund is publishing a separate corporate governance report. The report addresses the Fund’s role in connection with the Skandia takeover and the spinning-off of Husqvarna, and describes action taken by the Fund at a number of AGMs during the spring. The report concludes with a summary …

  • Favourable result despite weak market

    The Fund’s capital assets amounted to SEK 194.8 billion as per June 30th 2006, corresponding to an increase since January 1st of SEK 4.3 billion, including inflows. This means that the Fund posted a return of 1.9 percent in the first half of 2006, excluding expenses. The result for the report period was SEK 3.5 …

  • Fundamental indexering - ny förvaltningsstil hos Andra AP-fonden

    As of July 1st 2006, part of the Second Swedish National Pension Fund/AP2’s North American equity portfolio will be managed with fundamental indexation. Fundamental indexation aims to increase future return on investment in relation to portfolio risk. Fundamental indexation replaces conventional capital-weighted portfolios. In capital-weighted portfolios, the market pricing of individual securities has a significant …

  • AP2 appoints new Chief Investment Officer and Chief Investment Strategist

    Poul Winslöw has been appointed Chief Investment Officer (CIO) and Tomas Franzén Chief Investment Strategist (CIS) of the Second Swedish National Pension Fund/AP2. Both are appointed members of the Fund’s executive management. Poul Winslöw, former Head of Equities, has been Acting CIO for day-to-day operations since April of this year. Tomas Franzén has previously held …

  • Second Swedish National Pension Fund/AP2 endorses UN’s Principles for Responsible Investment

    The Second Swedish National Pension Fund/AP2 and some 30 other major investment managers have signed the United Nations’ Principles for Responsible Investment (PRI). Other Swedish signatories are Banco and Folksam. Since 2004, AP2 has cooperated with Swiss investment manager SAM (Sustainable Asset Management), with a view to integrating ethics and environmental issues as part of …

  • Second Swedish National Pension Fund/AP2

    The Second Swedish National Pension Fund/AP2 is the third largest shareholder in Electrolux and has submitted its own proposal for consideration by the Annual General Meeting concerning a spin-off of Husqvarna. This means that shareholders in Electrolux will need to consider two alternative proposals concerning dividends paid by Husqvarna. On the one hand is the …

  • Petter Odhnoff leaves Second Swedish National Pension Fund/AP2

    Petter Odhnoff, CIO of the Second Swedish National Pension Fund/AP2, leaves his post following discussions with the Fund’s CEO and Board of Directors. This decision is the consequence of an audit conducted by the Swedish Tax Authorities, indicating that Petter Odhnoff has been engaged in a number of transactions connected with an account in a …

  • Second AP Fund´s best year ever

    The Second Swedish National Pension Fund/AP2 has posted its best result and net return on invested assets since its foundation in 2001. This means that the Fund, in the five years since its inauguration, has posted a return on investment in line with its established goal, generating an annual average return of 5.1 percent, thereby …

  • Statement by Second Swedish National Pension Fund/AP2

    The Second Swedish National Pension Fund/AP2 has today decided to relinquish its interest in Skandia. Now that Old Mutual has secured a controlling interest in the company, Skandia can no longer remain independent. The option to retain a minority interest remains. However, since the Second Swedish National Pension Fund/AP2 lacks confidence in Old Mutual’s leadership …

  • Skandia/Old Mutual - Statement by the Second Swedish National Pension Fund/AP2

    If the amount of the current offer is not increased, the proportion of minority shareholders in Skandia will be significant. The Second Swedish National Pension Fund/AP2 is coordinating the activities of large minority shareholders during negotiations with Old Mutual plc (“Old Mutual”), concerning a joint ownership of Skandia Insurance Company Ltd (publ.) (“Skandia”) as an …

  • Eva Halvarsson appointed new CEO

    Eva Halvarsson joins the Fund from a position as Head of the Division for State Enterprises at the Swedish Ministry of Industry, Employment and Communications, where she has led the administration of the majority of state-owned companies since 2002. These companies have a current estimated market value of SEK 500 billion. As a member of …

  • Strong performance and solid asset growth

    The combined pension assets of the Second Swedish National Pension Fund/AP2 (hereafter named “the Second AP Fund”) totalled SEK 173.0 billion on June 30th 2005, an increase of SEK 14.9 billion, including inflows. The return on the Fund’s invested assets for the six months ending June 30th 2005 was 8.4 percent, excluding expenses. The result …

  • Lars Idermark leaves AP2 for KF

    Lars Idermark leaves his post as CEO of Andra AP-fonden/The Second Swedish National Pension Fund in Gothenburg, on November 1st 2005, to take up his new position as CEO of Kooperativa Förbundet (KF), (Swedish Cooperative Union). “Lars has built up the Fund since its foundation in 2000 and has done an excellent job. I quite …

  • Andra AP-fonden/Second AP Fund: “Still a lot to be done to achieve gender equality in exchange-listed companies”

    The rate at which women are being recruited to the boards of Swedish publicly listed companies has declined, and the number of women on the executive management committees of these same companies is also falling. This is clearly demonstrated by the Second AP Fund’s index of female representation on the boards and executive committees of …

  • New Corporate Governance policy

    Second AP Fund publishes new corporate governance policy – first corporate governance policy since introduction of new Corporate Governance Code. The new Corporate Governance Code will be introduced on July 1st. As a consequence, the Second AP Fund has revised its approach to governance issues and developed a new governance policy. The policy is presented …

  • Strong performance and solid return

    The Second Swedish National Pension Fund/AP2 posted a return on investment considerably in excess of the Fund’s long-term target for the financial year 2004.• The Fund posted a return on total assets of 11.6 percent• The Fund’s capital assets increased by SEK 17.8 billion• The Fund posted a net result of SEK 16.1 billion• The …

  • Disclosure of substantial sale of shares in Castellum AB

    On January 24th 2005, the Second AP Fund sold 40 850 shares in Castellum AB (publ). Prior to this, the Fund’s holding in the company had amounted to 2 171 762 shares, corresponding to 5.05% of voting rights and capital.After divestment of these shares, the Second AP Fund had a total of 2 130 912 …