One of the largest pension funds in Sweden, the Fourth Swedish National Pension Fund (AP4), has allocated $3.2 bn to low-carbon investments, using the MSCI Low Carbon Indexes as its benchmarks. The fund, which has $35 bn in assets under management and $14.7 bn in equities, has allocated just over a fifth of its equity assets to low-carbon investments as it continues its long-term strategy to ‘decarbonize’ its entire global equity portfolio by 2020.