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The Swedish Fund Selection Agency announces award decision in the procurement of actively managed global technology funds
The Swedish Fund Selection Agency has made its award decision in the procurement of actively managed global technology funds for the premium pension fund platform. Seven fund managers are awarded fund agreements for a total of eight funds.
Today, 22 September, the Swedish Fund Selection Agency announces its decision in the procurement of actively managed global technology funds. Seven fund managers have been awarded agreements covering eight funds on the premium pension fund platform. These fund managers and funds are:
Fund Manager | Fund |
|---|---|
Goldman Sachs Asset Management B.V. | Goldman Sachs US Technology Opportunities Equity Portfolio (New) |
Janus Henderson Investors Europe S.A. | Janus Henderson Horizon Global Technology Leaders Fund (New) |
Lannebo Kapitalförvaltning AB | Lannebo Global Growth |
Lannebo Kapitalförvaltning AB | Lannebo Teknik |
SEB Funds AB | SEB Teknologifond |
Schroder Investment Management (Europe) | Schroder International Selection Fund Global Innovation (New) |
Skandia Fonder AB | Skandia Time Global |
Swedbank Robur Fonder AB | Swedbank Robur Technology A |
Five of the funds have previously been available on the fund platform and three are new. The award decision means that approximately SEK 180 billion of premium pension savers’ assets will be allocated to the procured funds.
For pension savers, the procurement means that all funds in the category have undergone an extensive evaluation and are of high quality.
“Our mandate is to safeguard the interests of pension savers. Through this procurement, savers gain access to a quality-assured range of technology funds, while fees are also being significantly reduced,” says Mats Dillén, Chair of the Swedish Fund Selection Agency.
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.
“Technology funds are one of the larger categories on the fund platform. It is therefore particularly important that we have had a competitive process in which the funds have been carefully assessed,” says Erik Fransson, Executive Director of the Swedish Fund Selection Agency, and continues:
“Since five of the procured funds were already available on the fund platform, most savers will not need to switch funds. At the same time, the procurement means that these funds have been evaluated in a competitive process, and several of them will be offered at a lower fee than previously.”
Just over 480,000 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, 3.8 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
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