AP1's 2020 return landed well above long term target

Despite booking a negative 1.8 percent after the first half of 2020, Swedish buffer fund AP1 again reached a full-year return well above its long-term target.

Photo: AP1/PR

Swedish pension buffer fund AP1 delivered a return of 9.7 percent – or SEK 34.8bn (EUR 3.46bn) – in 2020. This is an improvement after a generating a negative 1.8-percent return in the first half of 2020.

The return again exceeded the long-term target of a 3 percent real return.

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