Good return in the first half of 2024
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.
"The strong performance in the equity markets that ended 2023 continued in the first half of 2024, which was favourable for AP4's portfolio development. The return after costs was 6.9 per cent in the first half of the year, while management costs decreased compared with the previous year," says Niklas Ekvall, CEO of AP4.
"If we extend the perspective to include ten years, which is more relevant to our assignment, AP4 reports a portfolio return of 8.5 per cent on average per year, and since 2001, the start of the reformed pension system, the annual average return is 6.6 per cent. Over time, AP4 has thus made a very significant contribution to strengthening the Swedish public pension system," Niklas Ekvall continues.
"In recent years, AP4 has received a number of awards that we are proud and honored to have received. One of the 2024 awards is Environmental Finance's Sustainable Investment Awards 2024, in the Sovereign Wealth Fund of the Year category, which we received for our work on thematic sustainability investments. The awards over the years are proof that our work is successful, which at the same time motivates us to continue to develop our operations," concludes Niklas Ekvall, CEO of AP4.
Key ratios for AP4’s operations |
30 June 2024 |
30 June 2023 |
31 Dec. 2023 |
Fund capital at end of period (SEK bn) |
533.3 |
485.6 |
499.6 |
Net result for the period (SEK bn) |
34.6 |
27.7 |
43.9 |
Net payments to the pension system (SEK bn) |
-0.9 |
-2.6 |
-4.8 |
Return, total portfolio, before costs (%) |
7.0 |
6.1 |
9.6 |
Return, total portfolio, after costs (%) |
6.9 |
6.0 |
9.6 |
Annualised return, total portfolio, after costs, 5 years (%) |
7.7 |
7.4 |
8.9 |
Annualised return, total portfolio, after costs, 10 years (%) |
8.5 |
9.2 |
8.5 |
Currency exposure (%) |
20.0 |
19.0 |
22.0 |
Asset management costs, excluding commission expenses, annual basis (%) |
0.06 |
0.06 |
0.06 |
Asset management costs, including commission expenses, annual basis (%) |
0.08 |
0.09 |
0.08 |
Keywords
Contacts
Karoline Hammar
Tel:08-46 8 787 75 53karoline.hammar@ap4.seImages
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Latest releases from Fjärde AP-fonden
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.
God avkastning i en osäker tid23.2.2024 08:23:07 CET | Pressmeddelande
Fjärde AP-fonden (AP4) redovisar en god avkastning för helåret 2023 på 9,6 procent efter kostnader. Med ett resultat på 43,9 miljarder kronor ökade fondkapitalet till 499,6 miljarder kronor efter att 4,8 miljarder kronor överförts netto till pensionssystemet under året. Portföljens koldioxidutsläpp minskade med 11 procent jämfört med 2022 och AP4 har totalt minskat utsläppen med 65 procent sedan 2010. AP4 tar ansvar som ägare och arbetade i 56 valberedningar under året.
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