Information for the procurement of actively managed Swedish equity funds and Swedish index funds

The Swedish Fund Selection Agency today announces that next in line for procurement will be actively managed Swedish equity funds and Swedish index funds. The procurements will be carried out in parallel and notice is planned to be made after the summer.

The procurement of actively managed Swedish equity funds with a main focus on large and mid-cap companies covers approximately SEK 88 billion in premium pension assets*. The procurement of Swedish equity index funds with a main focus on large and mid-cap companies covers approximately SEK 55 billion in premium pension assets*. In total, the two procurements affect just over 1 million savers.

The procurement of actively managed funds has a minimum permitted tracking error of 2 per cent relative to the fund's benchmark index, while the procurement of index funds has a maximum permitted tracking error of 2 per cent relative to the fund's benchmark index. The category index in both procurements is Six Portfolio Return Index (SIXPRX). There is no tracking error limit between the fund's benchmark and the procurement's category index. Both procurements are for UCITS funds with trading currency in SEK.

The full preliminary procurement specifications are attached in pdf-format at the end of this article. Please note that these are drafts. The final and governing specifications will be presented when notice is made for the procurement.

There are 34 funds in the Sweden category on the premium pension fund platform today. Of these, 23 are actively managed funds and 11 are index funds. The Swedish Fund Selection Agency's decision means that these groups are handled as two separate procurements. Fund managers wishing to participate in both procurements need to submit separate tenders. In connection with the announcement of the procurement, the fund agreements will be terminated for funds in the existing category, but the funds will remain on the fund platform until the procurement is completed.

FTN is sharing these preliminary procurement specifications to give potential tenderers the opportunity to prepare and submit questions and comments. Questions and comments can be sent to procurement@ftn.se until June 9th. FTN will not be able to answer all questions, but will review and consider all comments received.

PDF: Draft Procurement specifications Active Swedish Equity Funds Large & Mid Cap Pdf, 90.2 kB.

PDF: Draft Procurement specifications Index Swedish Equity Funds Large & Mid Cap Pdf, 90.2 kB.

Please note that documents received by an authority are official documents. Official documents are public insofar as they do not contain information that must be kept secret under the Swedish Public Access to Information and Secrecy Act (2007:400). Public documents may therefore be disclosed in full or in part if someone requests access to them. Information protected by confidentiality is not disclosed. However, FTN will make an independent confidentiality assessment which in turn may ultimately be reviewed by a court.

*The amount of assets allocated to the category by March 31st. It is not guaranteed that the procured volume will be equally large.