The AP funds are subject to the National Pension Funds Act (2000:192), which states among other things that:

• The First, Second, Third and Fourth Swedish National Pension Funds should manage their assets so as to generate maximum benefit for the income-based retirement pension system.
• The funds should invest their assets to obtain high longterm returns.
• The funds’ overall investment risk should be low.
• Parliament sets the funds’ investment rules. Read more about the investment rules >>
• Investments must be independent of economic or business policy considerations.