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 costs and operating expenses amounted to 6.9 percent. The result for the report period was SEK 15.1 billion. The relative return on the Fund’s market-listed portfolio, excluding expenses, was 0.5 percent.
“The Fund’s selection of strategic portfolio and its portfolio of Swedish equities, which outperformed index, have been the key factors in its strong performance during the first half of 2007,” states Eva Halvarsson, CEO of the Second Swedish National Pension Fund.
“Our determination to enhance efficiency with respect to the major portion of the portfolio under in-house management is now starting to bear fruit, resulting in a solid relative return and comparatively low costs compared to similar fund managers.”
In the spring of 2007, the UN agency UNEPFI (The United Nations Environment Programme Finance Initiative) cited the Second AP Fund as a leading role model for sustainability issues within the finance sector. A Corporate Governance Report will be published separately. The English-language version will be available at the website from mid-September.
For further details, please contact CEO Eva Halvarsson, Second Swedish National Pension Fund, or Carl Rosén, head of Corporate Governance & Communications, on +46 (0)31 704 29 00.