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LPNEWS

AP3 Doubles Green Bond Investments, Posts 9.4% Annual Gain

by ipe.com posted 1year ago 296 views
<p>Sweden&rsquo;s third national pension fund, AP3, made a 9.4% return on investments last year, after expenses, boosted by equities, inflation, and currency risk.</p> <p>This is up from the 6.8% it generated in 2015, the fund reported.</p> <p>Kerstin Hessius, chief executive of the Stockholm-based pension fund, said: &ldquo;A net result of SEK28bn [&euro;2.9bn] is a strong performance, especially considering the weak performance of equity markets in the first six months of the year.&rdquo;</p> <p>This net result in absolute terms was up sharply from the SEK19.6bn produced in 2015.</p>

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