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 Fund’s capital assets amounted to SEK 158.1 billion as per December 31st 2004
“This good result is primarily attributable to the retention of a high overall allocation of equities, the high ratio of Swedish equities in the portfolio and to the Fund’s limited exposure in foreign currency,” says the Fund’s CEO, Lars Idermark.
“Maintenance of a consistent commitment to our policy of long-term investment has enabled us to report a highly satisfactory result,” continues Lars Idermark.
Read the Year-end report – pdf.
For further information, please call CEO Lars Idermark, or Carl Rosén, Head of Corporate Governance and Communications, on +46 31 704 29 00.