Swedish pensions giant doubled down on emerging markets in 2013

Project to reorient the €30 billion AP2 fund toward developing economies proceeded in leaps and bounds last year

One of Sweden's national pension funds, AP2, doubled its emerging markets allocation to almost €4 billion in 2013 – in a tough year for investors in developing economies.

The Skr265 billion (€30 billion) investment fund, one of four that underpins Sweden's state pension system, returned 12.8% on its money during 2013 - its second-best year ever. Its equity and private equity portfolios did particularly well.

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