Overseas asset managers secured the majority of mandates in the Swedish Fund Selection Agency’s (FTN) latest tender, with domestic firms accounting for only a minority of successful bids.

Twelve fund managers have been awarded fund agreements for 14 funds in FTN’s procurement of actively managed global equity funds focusing on large- and mid-cap companies for the premium pension fund platform.

Of these, four are Swedish (AMF Fonder AB, Carnegie Fonder AB, SEB Funds AB and Swedbank Robur Fonder AB).

The remaining eight are based elsewhere (FIL Investment Management (Lux) S.à r.l., J.P. Morgan Asset Management (Europe) S.à r.l., Jupiter Asset Management (Europe) Ltd, Robeco Institutional Asset Management B.V., Schroder Investment Management (Europe) S.A., Threadneedle Management Luxembourg S.A. and Waystone Fund Management (Lux) S.A.).

FTN said it received 99 tenders, with Waystone Fund Management (Lux) S.A. and Swedbank Robur Fonder AB awarded contracts for two of their funds.

Six of the funds have previously been available on the fund platform and eight are new. The award decision means that approximately SEK 200bn of premium pension savers' funds will be distributed to the procured funds.

FTN chairman, Mats Dillén, said: “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.”

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

FTN executive director, Erik Fransson, said: “The fund range prior to the procurement was outdated and has delivered weak returns historically.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.”


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.

The full list of managers and funds are below:

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

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