Sweden’s first four AP Funds (AP1, AP2, AP3, AP4) achieved a combined result of SEK 182bn in 2024, corresponding to an average return of 9.6 per cent.

The four funds managed SEK 2,053bn at the end of 2024 and the net payments to the pension system amounted to SEK 8bn during the year. Since its inception in 2001, the AP Funds' net payments to the pension system have been SEK 280bn.

The AP Funds' average return over the past five-year period amounted to 7 per cent per year, while over a 10-year period, the funds’ average return was 7.6 per cent per year.

Meanwhile, the funds’ income index growth over the past five years was 3.4 per cent, while over the past 10 years, it was 3 per cent. The income index is used to calculate pensions and pension rights in the income pension system.

The AP Funds' share of the pension system has increased from 10 per cent of pension assets in 2001 to just over 16 per cent in 2024. The total management costs amounted to 0.07 per cent of assets under management in 2024.

In addition to this, the funds continued their work towards net-zero emission portfolios, with greenhouse gas emissions (scope one and two) in the portfolios reduced by a further 21 per cent in 2024.

AP1 CEO, Kristin Magnusson Bernard, AP2 CEO, Eva Halvarsson, AP3 CEO, Staffan Hansén, and AP4 CEO, Niklas Ekvall, jointly commented: "Our joint results for 2024 show that we all navigated the troubled financial markets well with our different management strategies and can sum up a stable year. This means that the AP Funds have made a strong contribution to the stability of the pension system.”

Overall in 2024, AP1 achieved a 9.9 per cent return, AP2 achieved a 8.2 per cent return, AP3 achieved a 10.3 per cent return and AP4 achieved a 10.1 per cent return.

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