Second AP Fund performs strongly to exceed targeted portfolio return, both short and long-term
The Second Swedish National Pension Fund/AP2 posted a net result of SEK 30.1 billion for the year and, after payments to the national pension system, Fund capital totalled SEK 264.7 billion. The Fund’s return on the total portfolio for the year, excluding costs, was 12.8 percent. Return relative benchmark index, excluding alternative investments and costs, was 0.4 percent.Consequent to the Second AP Fund’s strong performance over the year, return on investment exceeded the targeted average long-term annual real return of five percent. In the past five years, the Fund’s annual real return