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By Rachel Fixsen2021-02-22T15:23:00+00:00
Swedish national pensions buffer fund AP3 reported a 9.7% return after costs for 2020 – an investment result just above the 9.6% gain posted by fellow buffer fund AP4 and more than twice the 3.5% return achieved by another of the funds, AP2, 10 days ago.
One of the four main buffer funds backing the income pension – the main component on Sweden’s state or general pension – AP3’s annual report released on Friday revealed listed equities to have accounted for the bulk of the overall return last year.
The asset class, which made up 45.6% of AP3’s total portfolio, generated 15.1% in 2020 as a whole, contributing eight percentage points to the annual return. Within this category, Swedish shares ended the year with a 17.3% return.