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The Second AP Fund generates stable return despite turbulent market

The Second AP Fund (AP2) posted a net result of SEK 15.5 billion for the first half of 2017 and the Fund’s assets under management totalled SEK 336.3 billion. The Fund posted a total return of 4.8 percent, including costs. Relative to benchmark index, return was 0.1 percent, excluding alternative investments and costs.“Despite a turbulent market, the Second AP Fund posted a total return of 4.8 percent for the first half of 2017. Our long-term strategy of greater exposure to emerging markets and other sectors – combined with a determination to manage as much of the Fund’s capital in-house as

The Second AP Fund’s Female Representation Index celebrates 15th anniversary

The proportion of women on the boards and in executive positions at listed companies continues to increase and Large Caps are leading the wayIn the 15 years that the Second AP Fund has published a Female Representation Index, the proportion of women on boards has increased by 26.1 percentage points. The Female Representation Index for 2017 shows that the proportion of women represented on the boards of companies listed on NASDAQ Stockholm continues to increase and is now at 32.2 percent compared with 30.7 percent the previous year. The proportion of women in executive positions is also

The Second AP Fund's investment contributes towards achieving the UN Sustainable Development Goals

The Second AP Fund (AP2) has invested in the private equity fund, The Rise Fund, which is managed by TPG Growth, the global growth equity and middle market buyout platform of alternative asset firm, TPG. The Rise Fund is committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns. The Rise Fund’s objectives align with various of the UN Sustainable Development Goals.AP2 has invested USD 50 million in the private equity fund, The Rise Fund. The Rise Fund’s strategy is rooted in the idea that private firms have an important role to play

Second AP Fund publishes 2016 Sustainability & Corporate Governance Report

2016 was an eventful year for the Second AP Fund (AP2) in terms of sustainability. This was the result of a long-term and structured commitment, in line with the Fund’s primary mandate, to make sustainability integral to all activities.Today, AP2 publishes its Sustainability & Corporate Governance Report for 2016. The Fund are determined to integrate sustainability throughout its operations, in our day-to-day activities as well as in our longer-term strategic planning. The Fund’s sustainability activities focus primarily on four priority areas that are considered essential to achieving a

Second AP Fund reports a total return of 10.5 percent for 2016

The Second Swedish National Pension Fund (AP2) reported a total return on investment of 10.5 percent for the full twelve months, excluding expenses. Assets under management rose to SEK 324.5 billion. The net result was SEK 30.5 billion. The Fund’s performance in 2016 means that it has exceeded the long term targeted return in both the long and short term.CEO, Eva Halvarsson, comments on the result: “In the past year, we have been able to celebrate the fact that the fund capital achieved the highest level ever, SEK 324.5 billion, despite a record payment to the pension system which in

Second AP Fund furthers integration of sustainability in asset management activities

The Second AP Fund has further integrated sustainability as part of its asset management strategy by incorporating ESG (Environmental, Social and Governance) factors into its quantitative management of asset class global equities. Consequently, SEK 90 billion of Fund capital is now managed in line with ESG considerations. A broader range of decision data enables better investment decisions, resulting in a higher return for Sweden’s pensioners.The Second AP Fund makes sustainability an integral part of its asset management activities by incorporating sustainability factors into its

Second AP Fund’s approach to the transition towards a low-carbon economy

Today, the Second AP Fund (AP2) is releasing a publication regarding its approach to the transition towards a low-carbon economy. The Fund has also followed up its analysis of financial climate risks in t power utilities, deciding to divest in a further ten companies that it believes are exposed to significant financial climate risks. Climate issues, in particular climate change, represent both enormous risks and big opportunities for a long-term investor like AP2. Climate change is likely to have a large effect on long-term returns. Therefore, AP2’s climate ambition is to develop the

The Second AP Fund’s well diversified portfolio generates stable results

The Second AP Fund (AP2) posted a net result of SEK 10.6 billion for the first half of 2016 and the Fund’s asset under management totalled SEK 308 billion. The Fund posted a total return of 3.7 percent, excluding costs. Relative to benchmark index, return was -0.7 percent, excluding alternative investments and costs.“Despite turbulence on the financial markets, AP2 achieved a net return of 3.7 percent for the half year, and our total portfolio actually rose in value even during the final turbulent week in June. The ability to generate a stable return even during uncertain times is mainly

Second AP Fund divests holdings in an additional 19 fossil-fuel production companies

The Second AP Fund is further reducing its exposure to financial risk in the fossil-fuel production sector. The Fund is consequently divesting its shares in an additional eleven coal and eight oil-and-gas production companies. These combined holdings have a total market worth of approximately SEK 550 million.In 2014, the Second AP Fund conducted its first risk assessment of fossil-fuel production companies, focusing on the potential climate impact, subsequently deciding to divest its holdings in a total of 20 companies. The Fund conducts an annual follow-up of this climate-risk assessment,

AP2 Female Index 2016: women now comprise more than 30 percent of boards in quoted companies

The Second AP Fund’s 2016 Female Representation Index (Female Index) reveals that the percentage of women on the boards of companies quoted on Nasdaq Stockholm continues to rise, currently amounting to 30.7 percent compared to 27.9 percent for the preceding year. The proportion of women on executive managements has also noted a steady increase, rising to 20.9 (19.5) percent for the year. “It is highly pleasing that the proportion of women represented on corporate boards now exceeds 30 percent, as well as the fact that the proportion of women on executive managements has for the first

AP2 announces $30mm investment in the Women Entrepreneurs Opportunity Facility, Goldman Sachs 10,000 women and IFC

First-ever global finance facility to help close the global credit gap for womenThe Second Swedish National Pension Fund, AP2, is taking yet another important step in the field of sustainability and today announced a $30MM investment in the Women Entrepreneurs Opportunity Facility (WEOF), the Goldman Sachs 10,000 Women and International Finance Corporation’s (IFC) partnership to increase access to capital for women entrepreneurs. Launched in 2014, the first-of-its-kind $600 million finance Facility aims to spur lending in developing countries to help close an estimated $285 billion global

The Second and Sixth Swedish National Pension Fund sell Norrporten to Castellum

Gothenburg - 13 April 2016: The Second Swedish National Pension Fund (”AP2”) and the Sixth Swedish National Pension Fund (“AP6”) today announce that they have entered a definitive agreement under which Castellum AB (publ) (”Castellum”) will acquire all outstanding shares in Norrporten AB (publ) (“Norrporten”) through a combination of cash and shares. Up until closing, the total consideration amounts to SEK 14.0 billion. The sale will result in the realisation of significant value increases. The value of Norrporten’s property portfolio has on average grown by 14% during 2000-2015.The cash

Second AP Fund develops strategy for green bonds

The Second AP Fund allocates one percent of its total strategic portfolio to ‘green bonds’, making this asset class part of the Fund’s broad investment strategy. This marks a new strategic approach with regard to the Fund’s investments in sustainability – and a further step along the way to making sustainability an integral part of the asset-management process.The Second AP Fund has decided to allocate one percent of its total strategic portfolio to ‘green bonds’ and to benchmark this allocation against the Barclays/MSCI Green Bond Index. This is a strategically important decision that will

Second AP Fund reports a total return of 4.1 percent for 2015

The Second Swedish National Pension Fund (AP2) reported a total return on investment of 4.1 percent for the full twelve months, excluding expenses. Assets under management rose to SEK 300.6 billion. The net result was SEK 11.7 billion. The relative return on the total portfolio, excluding alternative investments and costs, amounted to 0.9 percent. The Fund’s performance in 2015 means that it has exceeded targeted return in both the long and short term.CEO, Eva Halvarsson, comments on the result:“Early 2015 saw the AP2’s total assets under management pass the SEK 300 billion mark for the

The Second AP Fund continues to assess the financial impact of climate risks and will divest from 28 power utilities

The Second AP Fund (AP2) is reducing its financial risk in power utilities, whose profits derive primarily from the carbon-based generation of electricity. Consequently, the Fund will not retain holdings in 28 power utilities. These combined holdings have a total market worth of some SEK 670 million.The Second AP Fund’s climate-risk assessment of the power sector derives from its commitment to address ethical and environmental concerns without compromising the overall target of a high return on invested assets. This assessment is therefore based on a financial perspective, a consequence

Second AP Fund publishes 2014/2015 Sustainability & Corporate Governance Report

Integrating sustainability into asset management is about factoring sustainability issues into analytical and decision processes. This also enables the Fund to reduce risk and increase its potential for increased return. The Fund believes that companies focused on long-term sustainability will also generate a solid return in the long term.Today, the Second AP Fund publishes its Sustainability & Corporate Governance Report for the period 2014/2015. Features include the Fund’s report on the implementation of the PRI, a report on the Farmland Principles, a selection of the Fund’s

The Second AP Fund has over the past decade generated an average annual return of 7 percent

The Second AP Fund (AP2) posted a total return of 5.2 percent, excluding costs, for the first half of 2015. Relative to benchmark index, return was 0.2 percent, excluding alternative investments and costs. Fund capital increased by SEK 12.6 billion to SEK 306.5 billion by June 30 2015.· The Second AP Fund’s assets under management totalled SEK 306.5 (280.3) billion on June 30 2015, against which net outflows to the national pension system were charged in an amount of SEK -2.4 (-2.5) billion. · The Fund posted a first-half net result of SEK 15.0 (18.1) billion. · The Fund’s return on

The Third and Second Swedish National Pension Funds selects Northern Trust as global custodian after co-operating on procurement process

The Third (AP3) and Second Swedish National Pension Fund (AP2) has jointly performed a procurement of Global Custody Services during 2014 and 2015 and have now decided to award the contract as Global Custodian to Northern Trust for each of the funds.By conducting a joint procurement AP3 and AP2 could streamline the process by, among other things, sharing experience on operational processes. Further the cooperation created a good position for the funds in respect of negotiations with participants in the procurement.The procurement was started jointly with an option for the funds to select

AP2 Female Index 2015 – major increase in percentage of women on boards of publicly quoted companies.

The Second AP Fund’s 2015 Female Representation Index (Female Index) reveals that the percentage of women on the boards of companies quoted on the Stockholm Stock Exchange continues to rise, currently amounting to 27.9 percent compared to 24.7 percent for the preceding year. This is the second largest increase since records began. The proportion of women on executive managements has also noted a steady increase, rising to 19.5 (18.4) percent for the year.“It is very pleasing to witness the greatest increase since 2004 in the percentage of women serving on corporate boards. It demonstrates

Second AP Fund maintains strong results – 13.3 percent return on investment in 2014

The Second AP Fund reported a total return on investment of 13.3 percent for the full twelve months, excluding expenses. Fund capital rose by SEK 29.2 billion, totalling SEK 293.9 billion. The net result was SEK 34.3 billion. The relative return on the total portfolio, excluding alternative investments and costs, amounted to 0.5 percent. The Fund’s performance in 2014 means that it has exceeded targeted return in both the long and short term.“After fourteen years operations, today’s Fund is a mature, efficient organization with a clearly defined strategy, well equipped to meet still greater

Second AP Fund publishes 2013/2014 Sustainability & Corporate Governance Report

Since its inauguration in 2001, the Second AP Fund has conducted a whole range of activities in the field of sustainability, having many times been a pioneer. For example, the Fund was among the first investors in the world to become a signatory to the UN’s Principles for Responsible Investment (PRI), as well as being one of the first to invest in ‘green bonds’. As early as 2009, the Fund had started to analyse the carbon footprint of its stock portfolio and, from the very start, has championed the issue of increased diversity on the boards and in the executive managements of publicly quoted

Second AP Fund to divest holdings in a number of fossil-fuel based energy companies

The Second AP Fund is reducing its financial risk in fossil-fuel based energy. Consequently, it will no longer have investments in 12 coal and 8 oil-and-gas production companies. This comprises holdings with a total market value of about SEK 840 million.Following a comprehensive risk analysis of all Second AP Fund holdings in fossil-fuel based energy companies, based on climate impact, the Fund has decided that it will no longer invest in 12 coal and 8 oil-and-gas production companies. “Our starting point for this analysis has been to determine the financial risks associated with the

Fund capital increased to more than SEK 280 billion – a new record

The Second AP Fund (AP2) posted a total return of 7.0 percent, excluding costs, for the first half of 2014. Fund capital increased by SEK 15.6 billion to SEK 280.3 billion by June 30 2014. The net result for the first-half amounted to SEK 18.1 billion. Relative to benchmark index, return was 0.1 percent, excluding alternative investments and costs.· The Second AP Fund’s assets under management totaled SEK 280.3 (248.3) billion on June 30 2014, against which net outflows to the national pension system were charged in an amount of SEK -2.5 (-3.1) billion. · The Fund posted a first-half

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