The Swedish Fund Selection Agency (FTN) has announced the next two procurements of funds for the premium pension fund platform – European equities index and global equities index funds.

Notice for the procurements will be made at the end of 2023 or the beginning of 2024.

FTN’s first procurement for the premium pension fund platform was announced in July, with the series of procurements aiming to create a more secure premium pension system with higher pensions for participants.

Notice for the procurements of European equities index funds, for an allocated SEK 14bn, and global equities index funds, for an allocated SEK 40bn, will be made simultaneously.

Fund managers that wish to participate in both procurements will have to submit separate tenders for each category.

In addition to the index procurements, notice is planned during 2024 for actively managed Nordic equities, allocated at SEK 19bn, global bonds (SEK 0.7bn), actively managed Swedish equities (SEK 74bn) and Swedish equities index funds (SEK 46bn).

FTN’s first procurement was for actively managed European equity funds, and it is currently evaluating the tenders received.

To help inform fund managers about the upcoming index procurements, FTN has shared a fund specification draft for the procurement of global equities index funds.

As the next two procurements are the first index categories to be procured to the premium pension fund platform, FTN also shared examples of the preliminary requirements on index funds and selected benchmarks, which are currently under evaluation and can be subject to change.

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