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Alecta records strong recovery after tumultuous early 2020

In 2020, Sweden's largest pension fund Alecta invested more than SEK 20bn (EUR 1.98bn) in bonds issued by Swedish companies, municipalities and regions and more than SEK 3bn (EUR 297m) in two social bonds aimed at developing countries.

CEO of Alecta Magnus Billing. | Photo: Alecta: Evelina Carborn.

Assets under management at Sweden’s largest pension fund Alecta reached SEK 1,039bn (EUR 103bn) at the end of 2020, up from 963bn (EUR 95.48bn) at the end of 2019, the company reports.

The pension giant's defined-contribution scheme Alecta Optimal Pension pulled in a return of 6.6 percent, and its defined-benefit insurance a return of 4.7 percent.

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