Real-return targets and results

2020/10/13

RJ has fulfilled, by a substantial margin, the return targets adopted by the Board for the foundation's financial activities.

From the start, the Finance Department's goal was to substantially safeguard the real value of assets, i.e. maintain its value in relation to inflation. In 1997 this goal was revised to a real return of 5% over time. In 2003, this target was lowered to 4%.

In 2017, the Board approved an investment policy with the target of a long-term average annual real return of at least 3%. With this target, RJ expects to maintain an even level of research grants, thus allowing the long-term active promotion and support of scholarly research.

Target fulfilment 1989-2019

Ten-year overview: results and return

Financial result in the ten-year period 2010–2019 amounted to SEK 10,252 million. The foundation's total return was 129.5%, while the benchmark index return was 124.9%. Accordingly, the Finance Department's active asset management exceeded the benchmark index of the reference portfolio by 4.9 percentage points altogether.

Altogether, real return amounted to 117.5%, which exceeded the long-term target by 73.7 percentage points. The average real return was 7.5%, against the average target of 3.7% a year.

Ten year result overview 2010-2019

Return 2010-2019

Graph return 2010-2019