Sweden’s FTN extends equities tender deadline

The Swedish Fund Selection Agency (FTN) has extended the tender period for actively and passively managed Swedish equity funds.

The deadline has been extended one week due to adjustments to the mandatory requirements in the request for proposal. The new deadline for submitting tenders in the procurement is 14 November 2024.

The deadline to ask questions about the procurement is now 4 November 2024 (10 days before the tender deadline) and the deadline for publishing answers to questions is 8 November 2024 (6 days before the tender deadline).

The procurements cover more than SEK 155bn and are expected to affect over one million pension savers.

As part of the procurement, the FTN is looking for actively managed Swedish equity funds and for passively managed Swedish equity funds, focusing mainly on large and mid-cap Swedish companies.

In particular, the actively managed Swedish equity funds category will comprise of around SEK 96bn in premium pension fund capital, while the passively managed Swedish equity funds will hold approximately SEK 59bn.

According to FTN, there are 23 actively managed Swedish equity funds and 11 passively managed Swedish equity funds on the fund platform.

As part of its tender process, FTN intends to procure a maximum of 10 actively managed Swedish equity funds and a maximum of 5 passively managed Swedish equity funds.

The Swedish Fund Selection Agency previously shared the preliminary procurement specifications for the two procurements in May, in order to allow the market to comment and prepare for the procurements.

However, it confirmed that the final procurement specifications do not contain any significant differences compared to the preliminary specifications.

The two fund categories will be chosen through two separate procurements and fund managers wishing to participate in both therefore need to submit separate tenders.

Commenting on the procurement, FTN executive director, Erik Fransson, said: “Swedish equity funds are an important building block for many savers and an important product for many Swedish fund managers.

"We hope that all fund managers who consider themselves to have competitive funds will submit tenders and contribute to a higher and more secure pension for pension savers.”



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