Andra AP-fonden (AP2) reported a total return of 2.9 per cent, including costs, for the first half of 2018. Relative to the benchmark index, the return was -0.1 per cent, excluding alternative investments and costs. The net result was SEK 9.8 billion, while the Fund’s assets totalled SEK 352.4 billion by the end of the first half of 2018.
– AP2’s return exceeds the Fund’s long-term return assumption of 4.5 per cent annually. In the past ten years the Fund’s average annual real return has amounted to 6.4 per cent, says Eva Halvarsson, CEO at AP2.
– During the first quarter, the Fund implemented extensive changes to its management of foreign equities by introducing new benchmarks for both emerging markets and developed markets. Through the new indices the Fund also get exposures to a number of sustainability factors that, beyond improving the portfolio’s sustainability characteristics, also improve the expected return and risk. Among other things, the new indices entail a considerably lower carbon footprint, says Eva Halvarsson.
The complete half-year report (pdf) is published on the Fund’s website at www.ap2.se
For further details, please contact Eva Halvarsson, CEO at AP2, or Ulrika Danielson, Head of Corporate Communications, on +46 31 704 29 00.