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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

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’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

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 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 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

AP2’s Female Index 2014: The number of women on publicly quoted corporate boards rises for first time in three years

The AP2’s Female Representation Index for 2014 reveals that the number of women on publicly quoted corporate boards has risen for the first time in three years, from 22.3 to 24.7 per cent. At the same time, the number of women in executive management positions continues to note a steady rise, amounting to 18.4 per cent for the same period – an increase of more than one percentage point.“The trend is in the right direction. But there is still much to do in accelerating the rate of this increase and better utilizing all available competence. Stakeholders and nomination committees share a

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

Second AP Fund’s diversified portfolio continues to ensure stable return

The Second AP Fund (AP2) posted a total return of 4.3 percent, excluding costs, for the first half of 2013. The net result for the first-half amounted to SEK 10.0 billion and, after net outflows to the national pension system, Fund capital increased to SEK 248.3 billion. Relative to benchmark index, return was 0.2 percent, excluding alternative investments and costs, corresponding to a net contribution of SEK 0.4 billion.· The Second AP Fund’s assets under management totalled SEK 248.3 (227.3) billion on June 30 2013, against which net outflows to the national pension system were charged in

Strong net result – Second AP Fund clearly exceeds targeted long-term return

The Second Swedish National Pension Fund/AP2 has posted a net result of SEK 28.6 billion for 2012, bringing its total capital assets to SEK 241.5 billion. Return on investment for the year, excluding costs, was 13.5 percent. Return relative to benchmark index amounted to 1.1 percent, excluding alternative investments and costs. Over the past ten years, the Fund has generated an average annual return of 7.6 percent.· The Second AP Fund’s capital assets totalled SEK 241.5 (216.6) billion on December 31st 2012, against which net outflows to the national pension system were charged in an amount

Result consistent with AP2’s long-term objectives

The Second AP Fund posted a total return of 5.8 percent, excluding costs. Relative to benchmark index, return was 0.5 percent, excluding alternative investments and costs. Fund capital increased by SEK 10.6 billion to SEK 227.3 billion for the first half of 2012.· The Second AP Fund’s assets under management totalled SEK 227.3 (227.5) billion on June 30th2012, against which net outflows to the national pension system were charged in an amount of SEK -1.7 billion. · The Fund posted a first-half net result of SEK 12.3 (5.1) billion. · The Fund’s return on the total portfolio was 5.8

AP2 generates solid result for full year

The Second AP Fund’s net result for the year amounted to SEK 22.3 billion. Return relative to benchmark index was 0.8 percent, excluding alternative investments and expenses. All asset classes outperformed their respective benchmark indices. The Fund’s high exposure in Swedish equities has also continued to contribute strongly to the positive absolute return in 2010.· The Second AP Fund’s assets under management totalled SEK 222.5 (204.3) billion on December 31, 2010, against which net outflows to the national pension system were charged in an amount of SEK 4.0 (3.9) billion. · The net

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