Returns of AP funds, the Swedish national pension funds, last year have made up for all the losses recorded in the previous three years. Assets are now back to levels not seen since 2000.
A-P Fonden 1 (AP1) returned 16.5% boosting assets from Skr117.1bn (€12.7bn) to Skr139.3bn, A-P Fonden 2 (AP2) returned 17.7%, boosting assets to Sk140.4bn and A-P Fonden 4 (AP4) returned 17% increasing assets to Skr135.5bn, all benefiting from the recovery in equity markets.