Asset Owner Directory

AP Fonden 3 (AP3)

AP3 is an investor tasked with contributing to the stability of the Swedish income pension system on behalf of current and future pensioners. The Fund’s capital is invested to obtain high returns over time, with a mandate that includes promoting a sustainable development through responsible ownership and investment.

Country

Sweden

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$48

Performance (%, 1YR)

7.8

Chief Executive

Staffan Hansén

Chief Investment Officer

Jonas Thulin

Chair

Christina Lindenius

Asset allocation

12% Equities Sweden

32.4% Equities Global

12.2% Government Bonds

5.3% Credits

5.9% Inflation-linked Bonds

2.8% Timberland

4.3% Infrastructure

16.3% Real Estate

7.3% Private Equity Funds

Website

View the annual report

Asset allocation as of December 31, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website

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AP funds reform: Expanded opportunity in private equity

Much anticipated reform of Sweden's five buffer funds will liquidate AP1, dividing assets between AP3 and AP4. Private equity specialist AP6 will also merge with AP2, expanding the opportunity for the private equity investor and securing the future of the specialist team.

Sarah RundellFebruary 13, 2025

Investor Profile

Time to walk: AP3 turns away from Europe despite bullish equity outlook

“Europe is great at discussion and regulation, but rather poor at actually doing business,” says Sweden's AP3 CIO, Jonas Thulin. “The equity market is harsh, and when it votes it walks out the door. This has been happening for a long time in Europe.”

Sarah RundellFebruary 4, 2025

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AP funds face consolidation as report flags scale and efficiency wins

A long-awaited review into Sweden's buffer funds suggests consolidation between the three Stockholm funds – AP1, AP3 and AP4 – stating that the advantages in terms of efficiency and scale outweigh the disadvantages of continued separation.

Sarah RundellJuly 9, 2024

Sustainability

Sweden’s AP funds model sustainable ownership

The CEOs of Sweden's AP funds comment on important milestones in the last year, including decisions to bring more management in-house, governance changes and increased sustainable investment.

Sarah RundellMay 9, 2024

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Active, in-house and sustainability: The driving factors at AP3

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Sweden’s recipe for success: Active, low cost, ESG

CEOs at Sweden's four buffer funds link stellar returns to low costs, sustainability and active management.

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