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Investors - FEBRUARY 19, 2021

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Sweden’s AP4 ends 2020 with 9.6% return

by Kali Persall

Swedish pension fund AP4 has ended 2020 with a 9.6 percent return after costs.

According to AP4, successful asset management contributed 2.4 percentage points to the return, which corresponds to more than SEK 10 billion ($1.2 billion) in added value.

The net result for the year was SEK 39.3 billion ($4.7 billion), and during the year the fund capital increased to SEK 449.4 billion ($54 billion).

“Our long-term approach was an enormous asset for us during the very difficult, disordered and turbulent market that we experienced during the first half of the year,” said Niklas Ekvall, CEO of AP4. “For example, we increased our investments in both equities and corporate bonds when prices of these fell indiscriminately during the month of March.”

AP4 said it has cut the carbon footprint of its investments in the listed equities portfolio in half since 2010 and is aiming to halve its carbon footprint by 2030 and reach net-zero emissions by 2040.

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