The Swedish Fund Selection Agency announces award decision in the procurement of Swedish small-cap equity funds

Today, 28 May, the Swedish Fund Selection Agency announces its decision in the procurement of actively managed Swedish small-cap equity funds. These fund managers and funds are:

AMF Fonder AB
AMF Aktiefond Småbolag

Carnegie Fonder
D&G Småbolag

Cicero Fonder
Aktiespararna Småbolag Edge (New)

Cliens Kapitalförvaltning AB
Cliens Småbolag (New)

Danske Investment Management A/S
Danske Invest SICAV Sverige Småbolag Class SI (New)

Handelsbanken Fonder AB
Handelsbanken Svenska Småbolag

Lannebo Kapitalförvaltning AB
Lannebo Småbolag

Nordea Funds Ltd
Nordea Småbolagsfond Sverige (New)

SEB Funds AB
SEB Sverigefond Småbolag (New)

Swedbank Robur Fonder AB
Swedbank Robur Småbolagsfond Sverige

For pension savers, the procurement means that all funds in the category have undergone an extensive evaluation and are of high quality.

Over 180,000 pension savers have holdings in the funds affected by the procurement. and the award decision means that approximately SEK 34 billion of premium pension savers’ assets will be allocated to the procured funds.

“By procuring high-quality funds at low fees, there is a good opportunity for savers’ premium pensions to grow over time. This creates the conditions for safer and higher pensions,” 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.

“Swedish small-cap equity funds have gone through a challenging period with low returns and large outflows, and questions have also been raised about their liquidity. However, we believe that these funds are well suited to long-term savings, that they have sufficient liquidity and that they complement the range on the premium pension fund platform in a good way,” says Erik Fransson, Executive Director of the Swedish Fund Selection Agency, and continues:

“When savers once again choose to invest in small-cap equity funds, the premium pension will be ready with a strong offering of quality-controlled funds at attractive fees. This is positive for both the sector and for the Swedish capital market.”

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