<p>Sweden’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: “A net result of SEK28bn [€2.9bn] is a strong performance, especially considering the weak performance of equity markets in the first six months of the year.”</p>
<p>This net result in absolute terms was up sharply from the SEK19.6bn produced in 2015.</p>