We invest pension capital to make it grow.

This is
Första AP-fonden

Första AP-fonden (AP1) manages part of the capital in Sweden’s national income pension system. The fund’s medium-term return target on the total portfolio after costs is 3.0 per cent real per year measured over rolling ten-year periods starting in 2020. The long-term return target (over 40 years) is 4 per cent average annual real return after costs.

Our assets of SEK 446 billion are distributed across a global portfolio consisting of equities, fixed-income securities, real estate, infrastructure, private equity funds and hedge funds.

We invest sustainably and long-term, and practise responsible ownership.

Net assets (SEK)
as of June 30 2023

446 bn

Average real annual return
last ten years

5.7 %

Transfers to pension system
during the first half of 2023

2.6 bn

Latest news

News archive

Looking ahead during a time of transition

In the first half of 2023, global-fixed income and equity markets recovered from the sharp market downturn of the previous year. It seemed as if the world’s investors struggled to interpret risk, and between prolonged periods of slow activity, the tentative upturns grew almost unnoticeably stronger. Despite an uncertain and volatile market, Första AP-fonden contributed positively to the stability of the income pension system with a return of 6.6 per cent and reported net investment income of SEK 27.8 billion. Assets under management totalled SEK 446.4 billion at mid-year.

New board members in Första AP-fonden

The government has appointed Lars Fresker and Linda Jonsson as new members of the Board of Directors at Första AP-fonden (AP1).

Anna Magnusson appointed new Chief Active Ownership Officer at Första AP-fonden

Anna Magnusson has been appointed the new Chief Active Ownership Officer at Första AP-fonden (AP1). Anna comes from a role as specialist in corporate governance at Alecta and will take up her position at AP1 on June 1st, 2023.

Jenny Gustafsson recruited as Head of the AP Funds’ Council on Ethics

Jenny Gustafsson has been appointed as the new Head of the AP Funds’ Council on Ethics. Jenny joins the Council from AMF and will lead the work of further strengthening the Council and contributing both to value creation in the income pension system and to more sustainable societies. The recruitment is part of the development of the Council.

Meet AP1 on LinkedIn

On AP1’s LinkedIn page you will find news, comments and vacancies. You can also meet some of our employees, who share what it’s like to work at AP1.

AP1 on LinkedIn

Emil Danmo