The Swedish Fund Selection Agency announces award decision in the procurement of Nordic equity funds small-cap
The Swedish Fund Selection Agency has made award decisions in the procurement of Nordic equity funds small-cap for the Premium pension fund platform. Four fund managers are awarded fund agreements for a total of four Funds.
The Swedish Fund Selection Agency today, 19 February, announces its decision on the procurement of the actively managed fund category Nordic equity funds with a focus on small-cap companies. Four fund managers are awarded contracts for four funds on the Premium pension fund platform. Three funds have already been available on the fund platform and one is new. These fund managers and funds are:
| Fund Manager | Fund |
|---|---|
| Fondbolaget Fondita AB | Fondita Nordic Small Cap |
| Handelsbanken Fonder AB | Handelsbanken Nordiska Småbolag |
| Nordea Funds Ltd Nordea | Småbolagsfond Norden |
| SEB Investment Management AB | SEB Nordic Small Cap Fund |
The award decision means that SEK 9 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.
“The work to quality assure the funds in the premium pension scheme is proceeding according to plan and we are pleased to finalise two more procurements now”, 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 fact that all funds in the category are now quality-assured means a safer choice environment for savers. Regardless of which fund you choose, you can rest assured that it is a fund with high quality management," says Erik Fransson, Executive Director of The Swedish Fund Selection Agency.
Approximately 55,000 pension savers have holdings in the 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 will be 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 aim is for the fund platform 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.
