AP2’s decision sees it keeping up with new laws, sister funds AP1 and AP4.
Thanks to unlisted assets, AP6 fund beats the market and peers, but not its record from last year.
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
ESG-oriented decision motivated by new law.
Pension back-up vehicles can now allocate more to illiquid, alternative asset classes.
The country’s state pension buffer says government institutions should swap fossil fuels for alternative energies in the next 10 years.