Sweden’s pension fund consolidation has produced three larger income-pension buffer funds with different portfolios and markedly different first-half returns. AP2 returned 9.6% after costs in H1 2026, against 7.6% at AP3 and 6.8% at AP4, with the three funds reporting a combined SEK2.33 trillion (US$243 billion) at the end of...
Sweden’s pension fund consolidation has produced three larger income-pension buffer funds with different portfolios and markedly different first-half returns. AP2 returned 9.6% after costs in H1 2026, against 7.6% at AP3 and 6.8% at AP4, with the three funds reporting a combined SEK2.33 trillion (US$243 billion) at the end of...