AP7

10 years at AP7

2010

AP7 upgrades its government-owned premium pension products in a move to offer investors greater choice. It also implements a graphical redesign and changes name from the Seventh Swedish National Pension Fund to AP7.

2009

The premium pension system celebrates its tenth anniversary. Optimism returns after the dark days of 2008 and the Premium Savings Fund and Premium Choice Fund achieve record returns of 35% and 46% respectively. AP7 abandons traditional active management.

2008

One of the worst financial crises in history sends the economy into a tail-spin. The Premium Savings Fund and Premium Choice Fund both suffer as a consequence, but AP7 maintains its long-term investment approach despite the turmoil.

The government commissions AP7 to develop a default life cycle model for the premium pension system.

2007

An eventful year sees AP7 make its first investments in emerging markets.

2006

After finding it difficult to deliver anticipated results in traditional active management, AP7 launches a pilot project aimed at separating alpha and beta management.

2005

AP7 celebrates its fifth birthday. Former US vice-president Al Gore addresses our anniversary gathering on the importance of a long-term investment approach and applauds AP7 for inspiring finance leaders around the world to integrate environmental and ethical standards in the investment process.

2004

A good year for the Premium Savings Fund's 2.2 million investors, who enjoy a return 10 percent higher than for savers who have chosen other funds.

2003

World equity markets finally rebound after several years in the doldrums. Debate on investors' corporate governance responsibilities gathers pace.

2002

AP7 makes its first investments in private equity and hedge funds. Investment Pension Europe praises AP7 for its secure investment procedures and automated reporting.

2001

Debate on environmental and ethical compliance gains real momentum. Taking account of environmental and ethical issues without compromising investment returns is a challenge that AP7 resolves to meet by requiring companies to abide by international conventions to qualify for investment. AP7's ethical screening catches 25 corporations in its first year.

2000

AP7 launches as a small-scale investor with Peter Norman as CEO and Richard Gröttheim as Deputy CEO. Bengt Rydén is appointed Chairman and Per-Olof Edin as Deputy Chairman. Asset management operations start with a nationwide publicity campaign and we end the year having established one of the most efficient asset management operations in the industry.

Sjunde AP-fonden Box 100 101 21 Stockholm Telefon: 08-412 26 60 Fax: 08-22 46 66