The Swedish Fund Selection Agency announces award decision in the procurement of actively managed Swedish equity funds
The Swedish Fund Selection Agency, has made an award decision in the procurement of actively managed Swedish equity funds for the premium pension fund platform. Seven fund managers are offered fund agreements for a total of ten funds.
The Swedish Fund Selection Agency today, August 27, announces its decision on the procurement of the fund category actively managed Swedish equity funds with a focus on large and mid-cap companies. Seven fund managers are awarded contracts for ten funds on the premium pension fund platform. Five funds have already been available on the fund platform and five are new. These fund managers and funds are:
| Fund Manager | Fund |
|---|---|
| AMF Fonder AB | AMF Aktiefond Sverige |
| Carnegie Fonder AB | Carnegie Sverigefond |
| Carnegie Fonder AB | D&G Aktiefond |
| Cliens Kapitalförvaltning AB | Cliens Sverige |
| Handelsbanken Fonder AB | Handelsbanken Sverige Selektiv |
| SEB Funds AB | SEB Sverigefond |
| SEB Funds AB | SEB 3 - SEB Sweden Equity Fund |
| Simplicity AB | Simplicity Sweden |
| Swedbank Robur Fonder AB | Folksam LO Sverige |
| Swedbank Robur Fonder AB | Swedbank Robur Sverige |
The award decision means that approximately SEK 92 billion of premium pension savers' funds will be allocated to these funds.
For pension savers, the procurement means that all the funds in the category have undergone an extensive evaluation and are of high quality.
“Our assessment is that these are high-quality funds that have the potential to generate good returns over time. In addition, savers will be able to invest in the funds at generally low fees”, says Mats Dillén, Chairman of The Swedish Fund Selection Agency.
By law, the funds procured must be suitable, controllable, sustainable, cost-efficient, and high quality. In addition, the range on the fund platform must provide pension savers with freedom of choice. The Swedish Fund Selection Agency considers that a sufficient number of high-quality tenders have been received in the procurement process to enable a result that meets the legal requirements.
“Swedish fund managers have demonstrated a strong commitment to contributing to a stronger premium pension system. All tenders received have met the mandatory requirements, and there has been tough competition for places on the fund platform“, says Erik Fransson, executive director of The Swedish Fund Selection Agency.
Approximately 570,000 pension savers have holdings in funds affected by the procurement. The funds in the category that have not been allocated will after a phase out period be deregistered from the fund platform. Savers with funds removed from the fund platform are given the opportunity to make a new choice. If the saver does not choose, the funds are automatically moved to an equivalent procured fund.
For further information, FTN has published a procurement report that can be accessed here.
For questions, please contact:
Viktor Ström, Head of Communication, the Swedish Fund Selection Agency, FTN.
+46 73 321 64 46
viktor.strom@ftn.se
About the Swedish Fund Selection Agency, FTN
FTN is a government agency tasked with procuring, reviewing, and quality-assuring funds for the Swedish premium pension system. The fund platform aims to offer high-quality funds that provide safer and higher pensions for pension savers. Around SEK 1,200 billion is currently invested in private funds on the Premium pension fund platform.
