Investors' capital allocation into office and residential markets in ...

Chapter 9
Collection and analysis of the data
9.1 Information about the companies
AMF Pension
AMF Pension has about SEK 321 billion in assets under its management. It is one of
Sweden’s leading pension companies and the sixth largest owner on the Stockholm Stock
Exchange. AMF Pension has approximately 200 employees. The company is a limited
liability life insurance company that is owned equally by the Confederation of Swedish
Enterprise and the Swedish Trade Union Confederation (LO).
AMF Pension focuses on occupational pensions in the retail and corporate markets,
particularly traditional life insurance and unit-linked insurance. In addition, AMF Pension
Fondförvaltning AB focuses on direct savings in mutual funds. The company operates
different types of investments such as equity investments, fixed-income investments, real
estate investments and mutual funds.
In 2007, the total return on AMF Pension’s investments amounted to 4.9 per cent (9.6).
The highest return was generated by the property portfolio at 17.4 per cent (19.7). The
total return on the equity portfolio was 3.6 per cent (16.8). The Swedish equity portfolio
fell to a negative return of 2.2 per cent (positive: 27.9). The return on the fixed-interest
portfolio was 3.3 per cent (0.9).
AMF Pension AB, is the parent company and includes AMF Pension Fondförvaltning
AB and AMF Pension Fastighetsförvaltning AB. AMF Pension Fondförvaltning AB
conducts mutual fund business while AMF Pension Fastighetsförvaltning AB manages
the Group's real estate holdings.
AMF Pension is a process-oriented organisation with two units, Pension Market and
Asset Management, as well as six staff functions. The Pension Market unit is responsible
for sales activities, market communication, development of the customer offering, and for
customer management and administration of AMF Pension's insurance products.
The Asset Management unit is responsible for investment of the policyholders’ life
insurance assets and for management of mutual funds. Asset management at AMF
Pension consists of three business departments that manage fixed-income securities,
equities and real estate as well as one administrative department. The portfolio is
managed internally. The staff functions support the other parts of the organisation in their
respective areas of responsibility.
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