Presentation of a preliminary procurement specification for the upcoming procurement of actively managed global equity funds
Today, 26 September 2024, FTN presents a preliminary procurement specification for actively managed global equity funds focusing on large and mid-cap companies in developed countries. The procurement will be announced in November and will cover pension assets of around SEK 200 billion, which will affect over one million pension savers.
As previously announced, the category of actively managed global equity funds primarily focusing on large and mid-cap companies in developed countries is next in line for procurement. FTN prioritises fund categories with high savings volumes to ensure a rapid flow of capital into the procured fund platform. Notice of the fund category procurement will be given in November.
Actively managed global equity funds are currently available in two main categories on the fund platform: Global and Global & Sweden. The upcoming procurement will cover all global equity funds on the fund platform, including those with a geographical overweight to the Swedish market. There are currently 44 actively managed global equity funds on the fund platform. The procurement covers over SEK 200 billion* in pension capital and affects around 1 million pension savers.
The preliminary procurement specification is attached in full in PDF format at the end of this article. Please note that the specification is a draft and that the final specification will be presented when the procurement is notified.
FTN is sharing this preliminary procurement specification to allow potential tenderers time to prepare and submit questions and comments. Please send questions and comments to procurement@ftn.se by October 11th at the latest. FTN will not be able to answer all questions but will review and consider all comments received.
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 July 31st. It is not guaranteed that the procured volume will be equally large.