Risk
Swedish Pension Fund AP2 Returns 10.7% in First Half
Despite strong return, fund fell short of its benchmark by 0.4%.
AP2’s decision sees it keeping up with new laws, sister funds AP1 and AP4.
Pension back-up vehicles can now allocate more to illiquid, alternative asset classes.
The country’s state pension buffer says government institutions should swap fossil fuels for alternative energies in the next 10 years.
Total asset value rises to $38.85 billion at the end of June.
More than a third of board members and a quarter of executives in large corporations are female.
Fund to continue its mission of implementing ESG practices into all investment decisions in 2018.