Första AP-fonden (AP1) manages part of the capital in Sweden’s national income pension system. The long-term return should be at least 4 per cent.
Our assets of SEK 352 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.
Första AP-fonden har beslutat att acceptera det publika budet på Oriflame om 227 kronor per aktie.
For more than 10 years, the AP Funds’ Council on Ethics has exercised influence on the AP Funds’ global portfolio of listed companies to improve their environmental, human rights and corporate governance work through engagement and dialogue. During 2018, the engagement and efforts of the Council on Ethics have been directed at problem areas such as Facebook and human rights; the use of pesticides threatening the survival of bees; and the legalisation of cannabis in Canada and the emergence of listed cannabis companies. Other focus areas have been oil companies’ long-term climate work, deforestation in South America, and tailings dams in Brazil.
AP1, AP3 and AP4 (Swedish National Pension Funds) form a joint company, Polhem Infra, for investments in unlisted Swedish companies focusing on infrastructure.
Första AP-fonden (AP1) publishes its Ownership Report (English version) for 2018 today. Developments in the field of sustainability continued at a fast pace during the year. Intensive preparations were made ahead of the changes to the AP Funds Act, in partnership with the other AP Funds.
Polhem Infra will invest in businesses that manage or provide social services and assets such as renewable power production, energy storage, energy distribution and digital infrastructure. Polhem Infra is backed by public Swedish pension capital through AP1, AP3 and AP4.
Kerstin Hessius, CEO of AP3, Johan Magnusson, CEO of AP1 and Niklas Ekvall, CEO of AP4.
The average annual real return after expenses for the past ten-year period is 7.7 per cent, which is higher than the target of 4.0 per cent.
Första AP-fonden’s range of investments is governed by the National Pension Insurance Funds (AP Funds) Act. A change in the law is expected to improve the ability to act in pensioners’ best interests.
Photo: Melker Dahlstrand/Sveriges Riksdag.
“AP1 is a good owner that is persistent, but also places clear demands on sustainability and profitability,” says Mikael Granath, MD of real estate company Willhem.