The Swedish Fund Selection Agency announces award decision in the procurement of actively managed global equity funds

The Swedish Fund Selection Agency today, February 24, announced its decision in the procurement of actively managed Swedish equity funds focusing on large- and mid-cap companies. Of 99 tenders, 12 fund managers have been awarded contracts for 14 funds on the premium pension platform.

These fund managers and funds are:

AMF Fonder AB
AMF Aktiefond Global

Carnegie Fonder AB
D&G Global All Cap

FIL Investment Management (Lux) S.à.r.l.
Fidelity Funds Global Equity Income ESG Fund

J.P. Morgan Asset Management (Europe) S.à.r.l
JPMorgan Funds - Global Sustainable Equity Fund

Jupiter Asset Management (Europe) Ltd
Jupiter Merian World Equity Fund

Robeco Institutional Asset Management B.V.
Robeco Global Stars Equities

Schroder Investment Management (Europe) S.A.
Schroder International Selection Fund Global Sustainable Value

SEB Funds AB
SEB Global Aktiefond

Swedbank Robur Fonder AB
Folksam LO Världen

Swedbank Robur Fonder AB
Swedbank Robur Aktiefond Pension

Threadneedle Management Luxembourg S.A.
Columbia Threadneedle (Lux) Global Focus

Waystone Fund Management (Lux) S.A.
LUX MULTIMANAGER SICAV – BankInvest Global Equities

Waystone Fund Management (Lux) S.A.
LUX MULTIMANAGER SICAV – BankInvest Global Equity Income

Ålandsbanken Fondbolag AB
Ålandsbanken Global Aktie Placeringsfond

Six of the funds have previously been available on the fund platform and eight are new. The award decision means that approximately SEK 200 billion of premium pension savers' funds will be distributed to the procured 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 interest in participating in the procurement has been exceptionally high, which has given us very good conditions to identify, in the evaluation, the funds that best comply with the mandatory requirements. All procured funds are of high quality and are now being offered to savers at attractive fees” says Mats Dillén, Chairman of the Swedish Fund Selection Agency.

"Fund offering in line with demand"
By law, the funds procured must be suitable, controllable, sustainable, cost-efficient, and high quality. Additionally, the range on the fund platform must provide pension savers with the freedom of choice.

“The fund range prior to the procurement was outdated and has delivered weak returns historically. Savers will now have access to a quality controlled range that is aligned with current market demand. We are very pleased with this” says Erik Fransson, Executive Director of The Swedish Fund Selection Agency.

Over 900,000 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 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, The Swedish Fund Selection Agency has published a procurement report which can be accessed here pdf, 4.3 MB..

For questions, please contact:
Viktor Ström Head of Communication, the Swedish Fund Selection Agency, FTN.
+46 73 321 64 46 or viktor.strom@ftn.se