6 Jul 07

Award of tender for management of Japanese equities

In the procurement for management of Japanese equities (reg.no 2007:24.EXT) Första AP-fonden has decided to approve the following managers:

AllianceBernstein   
AXA Rosenberg  
Baillie Gifford & Co.   
Bank Julius Baer & Co.   
Barclays Global Investors   
BlackRock   
Capital International   
Daiwa SB Investments   
DIAM International   
Goldman Sachs Asset Management International   
IPM, Informed Portfolio Management   
Irish Life Investment Managers   
JPMorgan Asset Management   
Lindsell Train   
Lingohr & Partner   
Marathon   
Martin Currie   
Mitsubishi UFJ Trust and Banking Corp.   
Morgan Stanley Investment Management   
Nomura Asset Management   
Northern Trust Global Investments   
Pictet
Principal Global Investors   
Sinopia Asset Management   
Société Générale Asset Management.   
State Street Global Advisors   
Sumitomo Mitsui Asset Management Company   
T. Rowe Price International   
UBS Global Asset Management/DSI
 


This decision means that the managers have been approved for management of Japanese equities for Första AP-Fonden. Funding will be decided separately.

This decision is motivated by the following:

The selected managers will give the fund good flexibility and portfolio diversification together with a high expected risk-adjusted return net of costs. The managers complement each other well in terms of investment styles and risk profiles and will thereby contribute to the diversification of risk in the portfolio.