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 355 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.
AP1, the leading Swedish pension scheme, and TOBAM, the Paris-based research driven quantitative asset manager, today announce the adoption of a new fossil-free approach to emerging market equity and global high yield exposures.
Today, the AP fund owned, Polhem Infra have entered into a binding agreement to acquire Telia Carrier, a world leading provider in back-bone connectivity for data traffic. With the acquisition, Polhem Infra will, through Telia Carrier, own and operate more than 74,000 km of fiber network with 320 connection points in the world.
The COVID-19 pandemic has changed the playing field for the global economy and affects us all, directly or indirectly. For Första AP-fonden (AP1) the pandemic entailed some intensive activities during the spring, with constant evaluation of the allocation strategy based on a rapidly evolving situation, while at the same time measures were taken to safeguard the health and safety of the Fund’s employees.
The Council on Ethics of the Swedish National Pension (AP) Funds Annual Report 2019.
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.
The average annual real return after expenses for the past ten-year period is 6.7 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.