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Near double-digit returns for AP4 at the six-month mark

The return levels are historically strong and surprising considering the pandemic shock, CEO Niklas Ekvall states in the report. He sees uncertainty and lower returns ahead.

Niklas Ekvall, AP4 CEO

Sweden's Fourth National Pension Fund (AP4) is the first of the buffer funds to publish figures for the first half of the year. The numbers are strong; the pension fund delivered a 10 percent return before costs and 9,9 percent after costs.

After the corresponding period last year, AP4’s returns were -2.5 percent. However, the pandemic shock settled quickly after the first quarter of 2020 and the buffer fund managed to deliver 9.6 percent in returns for 2020. Combined with the figures at the six-month mark of 2021, these amount to historically strong returns, according to CEO Niklas Ekvall.

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