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 421.2 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 December 31 2022

421.2 bn

Average real annual return
last ten years

5.6 %

Transfers to pension system
during 2022

4.7 bn

Latest news

News archive

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.

AP Funds’ Council on Ethics playing a key role in enabling good outcomes when the focus is on sustainability

The AP Funds’ Council on Ethics had a highly active 2022, with more than 3,200 companies being screened for possible violations and incidents. One project that was successfully closed in 2022 centred on child labour in the cocoa sector. A further 16 new dialogues were initiated. In eight proactive projects the focus is on human rights, the climate and corporate governance and 86 reactive company dialogues are ongoing, aimed at addressing and preventing serious accidents and incidents linked to lack of sustainability.

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