The Swedish Fund Selection Agency (FTN) has extended the tender period for actively managed global equity funds due to “significant interest” in the procurement.

It also said the extension was due to clarifications and changes to mandatory requirements in the procurement specifications (Annex 2) and supplementary information (Annex 4).

The deadline for submitting tenders is now 30 January 2025 while the deadline for asking questions about the procurement is 16 January 2025 with answers published by 24 January.

FTN also noted that although questions can be asked over the holiday period (21 December 2024 to 9 January 2025), they will be answered after the public holidays.

FTN’s procurement focuses on large and mid-cap companies in developed markets, covers more than SEK 200bn and is expected to affect approximately one million savers. It includes all global equity funds, including those with a geographical weight to the Swedish market.

It intends to procure funds that promote sustainability, reporting under SFDR Article 8 during this procurement phase, while plans to procure Article 9 funds will be addressed at a later stage.

Currently, 45 actively managed global equity funds are on the premium pension fund platform, mainly in two fund categories; Global and Global & Sweden.

The fund agreements for the affiliated funds impacted by the procurement will be cancelled. However, these funds will remain available for trading on the fund platform until the procurement process is finalized and new fund agreements are awarded.

---