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Composition of the portfolio

We invest worldwide and in different asset classes

Första AP-fonden achieves a balanced asset portfolio by investing worldwide and in different types of assets. Our broad and global asset portfolio is spread across equities, fixed-income securities, real estate, infrastructure, private equity funds and hedge funds. 

The Swedish AP Funds Act governs how Första AP-fonden’s assets may be invested on the basis of its mandate to generate high long-term returns for the pension system:

  • No less than 20 per cent has to be invested in fixed-income securities with low credit and liquidity risk.
  • No more than 40 per cent may be exposed to currency risk.
  • No more than 40 per cent may be invested in illiquid assets.
  • No more than 10 per cent may be exposed to any one issuer or group of related issuers.
  • No more than 10 per cent ownership in any one listed company.
  • Equities in listed Swedish companies may not exceed 2 per cent of the total market value.

The latest portfolio composition

The latest reported portfolio composition of Första AP-fonden can be found in our semi-annual report and annual report.

Visit the report archive

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