|
|
2008 |
2007 |
2006 |
2005 |
2004 |
Annualized 2004–2008 |
Accumulated 2004–2008 |
|---|---|---|---|---|---|---|---|
| Investment income and inflows, SEK bn |
|
|
|
|
|
|
|
| Net inflow from the pension system | 0.9 | 2.0 | 1.7 | 2.9 | 1.7 |
|
|
| Net investment income for the year | -48.0 | 9.7 | 18.2 | 27.6 | 15.9 |
|
|
| Net assets at 31 December | 171.6 | 218.8 | 207.1 | 187.3 | 156.8 |
|
|
|
Return and expenses in total portfolio, % |
|
|
|
|
|
|
|
| Return before expenses | -21.7 | 4.8 | 9.8 | 17.5 | 11.4 |
|
|
| Operating expenses | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 |
|
|
| Commission costs | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 |
|
|
| Return after expenses | -21.9 | 4.6 | 9.6 | 17.4 | 11.2 |
|
|
| Inflation | 0.9 | 3.5 | 1.6 | 0.82 | 0.29 |
|
|
| Real return after expenses | -22.8 | 1.1 | 8.0 | 16.6 | 10.9 |
|
|
|
Return and expenses in total portfolio, SEK bn |
|
|
|
|
|
|
|
| Return before expenses | -47.7 | 10.0 | 18.5 | 27.8 | 16.1 |
|
|
| Operating expenses | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 |
|
|
| Return after expenses | -48.0 | 9.7 | 18.2 | 27.6 | 15.9 |
|
|
|
|
|
|
|
|
|
|
|
|
Return and risk in listed portfolio |
|
|
|
|
|
|
|
| Return, % Portfolio | -22.4 | 4.4 | 9.2 | 17.0 | 11.4 | 2.9 | 15.3 |
| Index | -21.7 | 4.0 | 8.6 | 15.5 | 11.4 | 2.6 | 13.8 |
| Active | -0.7 | 0.4 | 0.6 | 1.5 | 0.0 | 0.3 | 1.6 |
| Risk (standard deviation), Portfolio | 18.0 | 7.9 | 6.8 | 4.9 | 5.7 | 9.0 |
|
| Index | 17.8 | 7.6 | 6.6 | 4.7 | 5.7 | 8.8 |
|
| Active | 1.0 | 0.5 | 0.6 | 0.4 | 0.3 | 0.5 |
|
| Information ratio | Neg | 0.8 | 1.0 | 3.8 | 0.0 | 0.5 |
|
| Sharpe ratio | Neg | 0.1 | 1.0 | 3.0 | 1.5 | Neg |
|
|
Currency exposure |
|
|
|
|
|
|
|
| % of strategic benchmark at 31 Dec. | 22.2 | 18.2 | 16.0 | 20.0 | 20.0 |
|
|
|
Active management¹ |
|
|
|
|
|
|
|
| % of total portfolio at 31 Dec. | 97.4 | 97.5 | 98.0 | 94.8 | 77.4 |
|
|
| ¹ Including enhanced mandates |
|
|
|
|
|
|
|
| External management |
|
|
|
|
|
|
|
| % of total portfolio at 31 Dec. | 39.7 | 36.0 | 34.2 | 37.7 | 24.0 |
|
|
|
Expense ratio, % of net assets |
|
|
|
|
|
|
|
| Operating expenses | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 |
|
|
| Operating expenses + commission costs | 0.16 | 0.15 | 0.15 | 0.15 | 0.17 |
|
|
|
Portfolio composition at 31 Dec. |
|
|
|
|
|
|
|
| SEK bn | 171.6 | 218.8 | 207.1 | 187.3 | 156.8 |
|
|
| of which, |
|
|
|
|
|
|
|
| Equities, Swedish | 18.0 | 27.8 | 26.6 | 23.4 | 18.9 |
|
|
| Equities, non-Swedish | 71.6 | 98.4 | 91.9 | 87.0 | 71.8 |
|
|
| Nominal fixed income, Swedish | 22.8 | 19.1 | 21.9 | 16.4 | 15.7 |
|
|
| Nominal fixed income, non-Swedish | 26.2 | 44.6 | 42.7 | 43.6 | 34.3 |
|
|
| Index-linked bonds | 18.1 | 21.0 | 16.9 | 14.6 | 12.4 |
|
|
| Alternative investments | 9.3 | 6.4 | 5.2 | 4.3 | 3.3 |
|
|
| Number of employees at 31 Dec. | 68 | 64 | 64 | 67 | 65 |
|
|
