|
|
2010 |
2009 |
2008 |
2007 |
2006 |
Annualized 2005–2009 |
Accumulated 2005–2009 |
|---|---|---|---|---|---|---|---|
| Investment income and inflows, SEK bn |
|
|
|
|
|
|
|
| Net assets at December | 218.8 | 202.3 | 171.6 | 218.8 | 207.1 |
|
|
| Net flow from/to the pension system | -4.0 | -3.9 | 0.9 | 2.0 | 1.7 |
|
-3.3 |
| Net investment income for the year | 20.5 | 34.6 | -48.0 | 9.7 | 18.2 |
|
|
|
Return and expenses in total portfolio, % |
|
|
|
|
|
|
|
| Return before expenses | 10.3 | 20.4 | -21.7 | 4.8 | 9.8 | 3.6 | 19.7 |
| Operating expenses, % of asset under management | 0.08 | 0.10 | 0.09 | 0.08 | 0.08 | 0.09 | 0.43 |
| Commission costs, % of AUM | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.06 | 0.32 |
| Operating expenses and commission costs | 0.13 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.75 |
| Return after expenses | 10.2 | 20.2 | -21.9 | 4.6 | 9.6 | 3.5 | 18.6 |
| Inflation | 2.3 | 0.9 | 0.9 | 3.5 | 1.6 | 1.8 | 9.5 |
| Real return after expenses | 7.9 | 19.3 | -22.8 | 1.1 | 8.0 | 1.5 | 8.5 |
|
Return and expenses in total portfolio, SEK bn |
|
|
|
|
|
|
|
| Return before expenses | 20.8 | 34.9 | -47.7 | 10.0 | 18.5 | 7.3 | 36.3 |
| Operating expenses, SEK bn of AUM | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 1.3 |
| Return after expenses | 20.5 | 34.6 | -48.0 | 9.7 | 18.2 | 7.0 | 35.0 |
|
|
|
|
|
|
|
|
|
|
Return and risk in listed portion of the portfolio |
|
|
|
|
|
|
|
| Return, listed portfolio, % | 10.7 | 21.4 | -22.4 | 4.4 | 9.2 | 3.5 | 18.8 |
| Risk (annualized standard deviation), portfolio, % | 8.6 | 10.5 | 17.7 | 7.9 | 6.8 | 10.3 |
|
|
Exposure, % |
|
|
|
|
|
|
|
| Equities | 60.3 | 58.6 | 54.6 | 59.2 | 59.8 |
|
|
| Fixed income | 32.5 | 34.7 | 40.1 | 39.2 | 37.8 |
|
|
| Alternative investments | 7.8 | 5.1 | 5.5 | 2.9 | 2.5 |
|
|
| Currency exposure | 24.0 | 21.6 | 22.2 | 18.2 | 16.0 |
|
|
|
External management |
|
|
|
|
|
|
|
| Share of external management in total portfolio at Dec. 31, % | 43.7 | 42.4 | 39.7 | 36.0 | 34.2 |
|
|
|
Portfolio composition at Dec. 31 |
|
|
|
|
|
|
|
| SEK bn | 218.8 | 202.3 | 171.6 | 218.8 | 207.1 |
|
|
| of which |
|
|
|
|
|
|
|
| Equities, Swedish | 34.4 | 27.9 | 18.0 | 27.8 | 26.6 |
|
|
| Equities, North America, Europe, Pacific | 92.0 | 89.6 | 71.6 | 98.4 | 91.9 |
|
|
| Nominal fixed income, Swedish | 26.1 | 19.7 | 22.8 | 19.1 | 21.9 |
|
|
| Nominal fixed income, non-Swedish | 27.2 | 29.8 | 26.2 | 44.6 | 42.7 |
|
|
| Index-linked bonds | 17.9 | 18.9 | 18.1 | 21.0 | 16.9 |
|
|
| Allocation, cash and foreign exchange | 4.1 | 4.2 | 5.6 | 1.4 | 1.9 |
|
|
| Alternative investments | 17.1 | 10.3 | 9.4 | 6.4 | 5.3 |
|
|
| Number of employees at Dec.31 | 45 | 43 | 68 | 64 | 64 |
|
|
