AP3’s mission is to generate maximum possible benefit for the current and future pensioners through responsible investment and management of the pension system buffer.
AP3 contribute to the stability of the income pension system
As a manager of the Swedish public’s pension assets, AP3 works diligently with its portfolio to ensure pension disbursements, and we have achieved our 3.5% annual return target since our inception in 2001. AP3 is one of five funds tasked with helping protect the Swedish public pension system for current and future pensioners through responsible investment and management of the pension buffer.
AP3’s overarching mission is to manage the fund capital in the best interests of the income pension system by generating high returns at low risk. This allows the Fund to live up to its two core roles in the pension system: to serve as a buffer in the event of an imbalance in inflows and outflows in the system, and to help create stability in the pension system.
We create favorable means for successful asset management by constantly remaining focused on the target. The commitment to the pension system is based on the mission stipulated in the National Pension Insurance Funds Act (in swedish).
By investing in both listed and unlisted assets locally and globally, we have crafted a portfolio that is more robust in periods of financial uncertainty than a traditional portfolio exclusively comprising listed equities and bonds.
Meeting our target since inception in 2001
Over time, pension assets and pensions are calibrated with the income index to illustrate adherence with wage developments in society at large. The income index is a measurement of the average income in Sweden and is calculated on the basis of the average of all pension-entitled income for individuals aged 16-64.
Asset management that makes a difference
For AP3, it is important to create long-term value both in the choice of investments and in the management of the companies in our portfolio. We have an extensive sustainability responsibility that is well integrated into our investment operations. Our sustainability responsibility involves both active corporate governance and a responsible approach to both environmental and social issues.
AP3 manages SEK 465 billion (30 June 2022) in a globally diversified portfolio consisting of listed shares, interest-bearing assets and alternative investments such as unlisted shares, properties, forests and infrastructure.
AP3 in short
- AP3 reported a net result of SEK -35.3 billion for for the first six months of 2022 and the total return was -7.0 (11.4%) after expenses.
- AP3 has generated an average annual return of 8.5% (11.2) over the last five years and 9.9% (9.7) over the last 10 years.
- AP3 has a fund capital of SEK 465 billion as of June 30 2022.
- AP3 is tasked by Parliament with generating maximum possible benefit for the state pension system by managing its fund capital responsibly and delivering strong investment returns at a low level of risk.
- Our mission includes promoting sustainable development through responsible ownership and investment.
- Kerstin Hessius is the CEO of AP3 and the Chairman of the board is Christina Lindenius.
More about AP3
Organisation and Executive management
The majority of AP3 employees work in asset management and business support, covering areas such as analysis, asset management, risk management and administration related to a global and diversified asset management operation. […]
AP3’s core mission is to create value in the Swedish pension system. By assuming responsibility and influencing the companies that we invest in, we make sure to generate the best possible returns for current and future pensioners. […]
Here you can find AP3s financial, sustainability and stewardship reports. In the report archive you can find reports from previous years. […]