The Swedish Fund Selection Agency announces award decision in the procurement of Swedish small-cap equity funds
The Swedish Fund Selection Agency has made its award decision in the procurement of actively managed Swedish equity funds focusing on small-cap companies for the premium pension fund platform. Ten fund managers are awarded fund agreements for a total of ten funds. Five of the funds have previously been available on the fund platform and five are new.
Today, 28 May, the Swedish Fund Selection Agency announces its decision in the procurement of actively managed Swedish small-cap equity funds. These fund managers and funds are
| Fund Manager | Fund |
|---|---|
| AMF Fonder AB | AMF Aktiefond Småbolag |
| Carnegie Fonder AB | D&G Småbolag |
| Cicero Fonder | Aktiespararna Småbolag Edge (New) |
| Cliens Kapitalförvaltning AB | Cliens Småbolag (New) |
| Danske Investment Management A/S | Danske Invest SICAV Sverige Småbolag Class SI (New) |
| Handelsbanken Fonder AB | Handelsbanken Svenska Småbolag |
| Lannebo Kapitalförvaltning AB | Lannebo Småbolag |
| Nordea Funds Ltd | Nordea Småbolagsfond Sverige (New) |
| SEB Funds AB | SEB Sverigefond Småbolag (New) |
| Swedbank Robur Fonder AB | Swedbank Robur Småbolagsfond Sverige |
For pension savers, the procurement means that all funds in the category have undergone an extensive evaluation and are of high quality.
Over 180,000 pension savers have holdings in the funds affected by the procurement. and the award decision means that approximately SEK 34 billion of premium pension savers’ assets will be allocated to the procured funds.
“By procuring high-quality funds at low fees, there is a good opportunity for savers’ premium pensions to grow over time. This creates the conditions for safer and higher pensions,” says Mats Dillén, Chair of the Swedish Fund Selection Agency.
"Positive for the Swedish capital market"
By law, the procured funds must be suitable, controllable, sustainable, cost-efficient and of high quality. In addition, the range on the fund platform must provide pension savers with freedom of choice.
“Swedish small-cap equity funds have gone through a challenging period with low returns and large outflows, and questions have also been raised about their liquidity. However, we believe that these funds are well suited to long-term savings, that they have sufficient liquidity and that they complement the range on the premium pension fund platform in a good way,” says Erik Fransson, Executive Director of the Swedish Fund Selection Agency, and continues:
“When savers once again choose to invest in small-cap equity funds, the premium pension will be ready with a strong offering of quality-controlled funds at attractive fees. This is positive for both the sector and for the Swedish capital market.”
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, monitoring, 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 1,300 billion is currently invested in private funds on the Premium pension fund platform.
