GÖTEBORG, Sweden, August 22, 2017 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 possible ? have both contributed to a solid net result and to continuing low costs in relation to the volume of assets under management," says Eva Halvarsson, CEO of the Second Swedish National Pension Fund.
Key ratios |
Jan-June 2017 |
Jan-June 2016 |
Jan-Dec 2016 |
Fund capital carried forward, SEK billion |
336.3 |
308.0 |
324.5 |
Net result for the period, SEK billion |
15.5 |
10.6 |
30.5 |
Net payments to the national pension system, SEK billion |
-3.7 |
-3.2 |
-6.6 |
Fund capital brought forward, SEK billion |
324.5 |
300.6 |
300.6 |
Asset management costs, operating expenses, % |
0.06 |
0.07 |
0.07 |
Asset management costs, commission expenses, % |
0.08 |
0.09 |
0.08 |
Total asset management costs, % |
0.15 |
0.16 |
0.15 |
Return on total portfolio after costs, % |
4.8 |
3.6 |
10.3 |
Real return on total portfolio after costs, % |
4.0 |
2.8 |
8.5 |
Annualized return after commission and operating expenses, 5.0 years, % |
10.4 |
||
Annualized return after commission and operating expenses, 10.0 years, % |
5.3 |
||
Real annualized return after commission and operating expenses, 10.0 years, % |
4.2 |
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, Second Swedish National Pension Fund
Ulrika Danielson
Head of Corporate Communications
+46-31-704-29-00
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http://news.cision.com/andra-ap-fonden/r/the-second-ap-fund-generates-stable-return-despite-turbulent-market,c2330927
The following files are available for download:
http://mb.cision.com/Public/3311/2330927/a1befe00f25feed3.pdf |
Press release (PDF) |
SOURCE Andra AP-fonden
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