The Swedish Fund Selection Agency (FTN) has extended the tender period for actively managed global equity funds for a second time.

FTN said this latest deadline extension is due to “ambiguities in the request for proposal (RFP)”, which means the deadline has been extended to 6 February 2025.

The new deadline to ask questions about the procurement is now 27 January 2025 and for publishing answers to questions is 31 January 2025.

Details about the adjustments are available on the procurement platform e-Avrop.

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.

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