The Swedish Fund Selection Agency (FTN) has presented its preliminary procurement specification for the upcoming procurement of actively managed global equity funds.

The procurement, which will be announced in November, will focus on large and mid-cap companies in developed markets.

It will cover pension assets of around SEK 200bn, affecting more than one million pension savers.

FTN had previously announced that actively managed global equity funds primarily focusing on large and mid-cap companies in developed countries were next in line for procurement.

The agency stated that it was prioritising fund categories with high savings volumes, with the aim of ensuring a rapid flow of capital into the procured fund platform.

Actively managed global equity funds are currently available in two main categories on the fund platform: Global and Global & Sweden, with the upcoming procurement to cover all global equity funds on the fund platform, including those with a geographical overweight to the Swedish market.

There are currently 44 actively managed global equity funds on the fund platform.

“Please note that the specification is a draft and that the final specification will be presented when the procurement is notified,” FTN stated.

“FTN is sharing this preliminary procurement specification to allow potential tenderers time to prepare and submit questions and comments.”

Relevant parties have until 11 October 2024 to submit questions and comments to FTN.

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