Apotekets Pensionsstiftelse on track towards positive 2022 returns

For most Nordic pension funds, 2022 is set to be a rather depressive investment year but not all have been feeling the pain. Apotekets Pensionsstiftelse, the Swedish pension fund for employees at the state-owned pharmacy chain, has managed to defy the bear market and is well on track to end the year with positive return numbers. At the beginning of December, its investment portfolio was up by 1.5 per cent.

The result is down to some successful manoeuvring by the SEK 13.4 billion (EUR 1.2 billion) pension fund since the end of last year. And, according to its CEO and chief investment officer Gustav Karner, a bit of luck as well. The pension fund’s return target for the year of 2.5 per cent might even be within reach but any temptation for some last-minute boost of returns seems to have been resisted. “We haven’t made any trades to try to increase returns but rather to try to limit the downside,” Gustav Karner comments. As previously reported by Nordic Fund Selection