A dramatic year with major financial turbulence
“In this context it is important to note that AP4 is a very long-term investor. Measured over a slightly longer time perspective, including 2021, AP4’s portfolio has generated a positive result of more than SEK 23 billion. If we stretch out the time horizon, to five and ten years, which is more relevant for a long-term investor like AP4, we can report favourable annualised portfolio returns of 6.9% and 9.2%, respectively,” comments Niklas Ekvall, CEO of AP4.
“AP4’s work on managing climate risks in the investment portfolio continue to generate results over time. During 2022, the portfolio’s CO2 emissions decreased by further 3%. Since 2010 this decrease measures a full 61%. AP4 continuously analyses sustainability trends and actively searches for investments that it deems will contribute to and benefit from the transition to a sustainable society. During 2022, AP4 made new thematic sustainability investments amounting to SEK 7.4 billion.
“AP4’s cost level for 2022 was 0.08% of managed assets. AP4 strives to conduct as cost-efficient pension management as possible, and in an international cost comparison, AP4’s level of costs was nearly half that of corresponding pension funds internationally.
“During the year, AP4 continued its long-term work on continuously developing its operations with the ambition to always be at the forefront. The fact that this is generating results has been confirmed as we received the prestigious European Pension Fund of the Year award at the award ceremony that is held every year by Investment & Pensions Europe (IPE),” concludes Niklas Ekvall.
Ney ratios for AP4’s operations |
2022 |
2021 |
Fund capital at end of period, SEK bn |
460.5 |
527.6 |
Net result for the year, SEK bn |
-62.5 |
85.7 |
Net flow to national pension system, SEK bn |
-4.7 |
-7.5 |
Fund capital at start of period, SEK bn |
527.6 |
449.4 |
Asset management costs, operating expenses, % |
0.05 |
0.05 |
Asset management costs, commission expenses, % |
0.03 |
0.03 |
Total asset management costs, % |
0.08 |
0.08 |
Return after costs, % |
-11.9 |
19.2 |
Active return before costs, % |
-3.8 |
3.5 |
Annualised return after costs, 5 years, % |
6.9 |
11.6 |
Annualised return after costs, 10 years, % |
9.2 |
11.8 |
Read more about AP4: www.ap4.se
Contacts
Karoline HammarKommunikationschef
Tel:08-46 8 787 75 53karoline.hammar@ap4.seImages
![Niklas Ekvall, CEO at AP4](/data/images/00486/f0f5ba8c-e8d7-49b6-bfaf-47009eb12c1c-w_240.jpg)
About Fjärde AP-fonden
AP4's mission is to contribute to financial security for today's and tomorrow's pensioners by managing part of the public pension system's buffer. AP4's long-term perspective, responsibility as an owner and a strong commitment to sustainability create opportunities for high returns at low cost.
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Latest releases from Fjärde AP-fonden
Good return in the first half of 202426.8.2024 10:26:32 CEST | Press release
The Fourth Swedish National Pension Fund's (AP4) return for the first half of 2024 amounted to 6.9 per cent after costs. As of the end of June 2024, AP4's fund capital amounted to SEK 533.3 billion, compared with SEK 499.6 billion at the beginning of the year. Profit for the first half of the year was SEK 34.6 billion. During the same period, SEK 0.9 billion was transferred net to the pension system.
God avkastning första halvåret 202426.8.2024 10:25:03 CEST | Pressmeddelande
Fjärde AP-fondens (AP4) avkastning för första halvåret 2024 uppgick till 6,9 procent efter kostnader. AP4:s fondkapital uppgick per sista juni 2024 till 533,3 miljarder kronor, att jämföra med 499,6 miljarder kronor vid årets början. Resultatet för första halvåret blev 34,6 miljarder kronor. Under samma period överfördes netto 0,9 miljarder kronor från AP4 till pensionssystemet.
AP Funds strengthen the Swedish income pension system by adding SEK 142 billion5.3.2024 09:10:00 CET | Pressmeddelande
The First-Fourth AP Funds performed well in 2023 and strengthened the financial position of the income pension system by SEK 142 billion. The result corresponds to an average return of 8.1 per cent. At year-end, the four funds managed total assets of SEK 1,880 billion. The net payments of the AP Funds to the pension system totalled SEK 19 billion. This contributes strongly to the stability of the income pension system and its mission to maximise benefits for current and future pensioners.
AP-fonderna stärker det svenska inkomstpensionssystemet med 142 miljarder kronor5.3.2024 09:10:00 CET | Pressmeddelande
AP-fonderna (AP1-AP4) summerar ett bra resultat för 2023 och stärker inkomstpensionssystemets finansiella ställning med 142 miljarder kronor. Resultatet motsvarar en genomsnittlig avkastning på 8,1 procent. Totalt förvaltade de fyra fonderna vid årsskiftet 1 880 miljarder kronor. AP-fondernas nettoutbetalningar till pensionssystemet var 19 miljarder kronor. Detta resultat bidrar starkt till inkomstpensionssystemets stabilitet och uppdraget att vara till största möjliga nytta för dagens och morgondagens pensionärer.
Good returns in uncertain times23.2.2024 08:23:33 CET | Press release
The Fourth Swedish National Pension Fund (AP4) reports a good return of 9.6 per cent after costs for the full year 2023. With a profit of SEK 43.9 billion, fund capital increased to SEK 499.6 billion after SEK 4.8 billion was transferred net to the pension system during the year. The portfolio's carbon dioxide emissions decreased by 11 per cent compared to 2022 and AP4 has reduced emissions by a total of 65 per cent since 2010. AP4 takes responsibility as owner and served on 56 nomination committees during the year.
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