The Swedish AP7 Såfa, also known as the Seventh AP Fund, is Sweden’s most popular pension fund. This is because it is the fund in which the Swedish pension savers get their general premium pension saved if they do not make an active choice.
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AP7 Såfa scores a hit in Nvidia
And it may have turned out to be a real hit for the Swedes. Namely, year after year they have increased their holdings in Nvidia – the microchip giant that created big headlines this week. This is because the previously modest circuit board company has become central to the world market for producing the coveted semiconductors needed to build ai technology.
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Billions in profit this year alone
The billion rollover has been enormous. This year alone, the Nvidia shares have given the 5 million pension-saving Swedes with AP7 holdings SEK 10 billion. That’s an incredible dividend in just under two months.
– In the last 5 years, the value has risen by SEK 23 billion. Nvidia’s development thus makes a very positive contribution to our more than 5 million savers, says Sjunde APfonden’s press officer Mikael Lindh Hök for News24.
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Seventh AP Fund’s 1000 billion in pension
The Seventh AP Fund is Sweden’s most popular equity fund – and therefore also the one with both the thickest and widest equity portfolio with thousands of shares and around 1000 billion in invested pension kroner.
– Although we are happy for Nvidia, it is important to remember that it is one of the total of 3,000 different stocks in our stock fund of just over SEK 990 billion that has risen by a total of around 6 percent this year.
Nvidia is now the world’s fourth largest stock
Swedish pension better than the Stockholm Stock Exchange
During last year, the value of AP7 Såfa’s shares rose by 19.9 percent last year.
This year, the equity fund has risen 7.5 percent so far this year to February 22. It is higher than both the Stockholm Stock Exchange’s average increase of 1.6 percent and even higher than the technology-heavy Wall Street index S&P500, which increased 6.7 percent.
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