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

Top1000funds.com related articles

Investor Profile

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

Asset Allocation

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

AP3’s ability to actively benefit from volatile markets is rooted in a reform process undertaken by CIO Pablo Bernengo, replacing decade-old, separate alpha and beta allocations with a traditional asset class structures but avoiding silos. Active risk and sustainability go hand in hand, he says, and is a 2023 focus.

Sarah RundellJanuary 10, 2023

Investor Profile

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.

Sarah RundellMarch 3, 2022

Featured Story

The qualities of successful stewardship

The Investor Mining & Tailings Safety Initiative, chaired by the Church of England Pensions Board and the Swedish Council of Ethics of the AP Funds has won the PRI Stewardship Project of the Year Award. The initiative reveals the qualities of successful stewardship.

Amanda WhiteOctober 8, 2020