The Swedish Fund Selection Agency announces award decision in the procurement of global equity funds (index)

The Swedish Fund Selection Agency today, 31 October, announces its decision on the procurement of the fund category global equity funds (index) with a focus on large and mid-cap companies. Five fund managers are awarded the opportunity to sign contracts to offer in total six funds on the premium pension fund platform, three of which are new funds to the platform.

These Fund Managers and Funds are:

• Handelsbanken Fonder AB
Handelsbanken Developed Markets Index Criteria
• Handelsbanken Fonder AB
Handelsbanken Global Index Criteria
• Mercer Global Investments Management Limited
Mercer Passive Sustainable Global Equity UCITS CCF
• Skandia Fonder
Skandia Global Exponering
• Storebrand Asset Management AS
Storebrand Global Indeks
• Swedbank Robur Fonder AB
Swedbank Robur Access Global

The award decision means that just over SEK 51 billion of premium pension savers' funds will be allocated to these funds.

For pension savers, the procurement means that all the funds in the category have undergone extensive control and are of high quality. At the same time, the average fee for the funds in the category is reduced from 0.143% to 0.046%.

“The Swedish Fund Selection Agency has now completed a total of three procurements, including the two recent awards, marking a significant step toward a fully procured fund platform”, says Mats Dillén, Chairman of The Swedish Fund Selection Agency.

“Global index funds are an important foundation for many long-term pension savers and we welcome the outcome of the procurement that lowers the fees for all savers in the category. Premium pension savers will now have access to high-quality index funds at fees normally only available to large professional investors”, says Erik Fransson, Executive Director of The Swedish Fund Selection Agency.

Approximately 300,000 pension savers have holdings in the funds affected by the procurement. The funds in the category that have not been allocated will be phased out from the fund platform after the decision has become final. Savers with funds removed from the fund platform will be given the opportunity to make a new choice. However, savers do not need to do anything and if no choice is made they will be automatically moved to an equivalent procured fund.

By law, the funds procured must be suitable, verifiable, sustainable, cost-efficient and of high quality. In addition, the range on the fund platform must provide pension savers with freedom of choice.

For further information, FTN has published a procurement report that can be accessed here (PDF) Pdf, 5.1 MB.

For questions contact:
Katarina Ärlestad, Communication
katarina.arlestad.tullsten@ftn.se