The Swedish Fund Selection Agency (FTN) is revising the procurement plan for 2024 for the premium pension fund platform.

As part of the changes the procurement of global fixed-income funds will no longer take place in 2024. Instead, it is lining up a tender for actively managed global equity funds, focusing on large and mid-cap companies, in the fourth quarter of 2024. Notice will be given after the procurement of Swedish equity funds and Swedish index funds.

As part of its procurement plan for the country’s premium pension fund platform, FTN is prioritising fund categories with large savings volumes, to ensure a rapid flow of capital to the procured fund platform. In line with this, FTN has decided to announce a procurement of actively managed global equity funds in 2024, covering capital of approximately SEK 193bn.

Today, actively managed global equity funds are mainly found in two different categories on the fund platform: Global and Global & Sweden. The procurement, which is planned to be announced at the end of the year, covers all global equity funds on the fund platform, including those with a geographical overweight to a particular market.

Currently, there are approximately 45 actively managed global equity funds on the fund platform. The procurement affects around one million savers.

As previously announced, FTN plans to announce the procurement of Swedish equity funds and Swedish index funds with a focus on large and mid-cap companies after the summer (end of August/September). The procurement covers approximately SEK 88bn in pension capital and affects just over one million savers.

Overall, this procurement plan means that by the end of 2024, FTN will have announced procurements for approximately SEK 400bn, affecting approximately three million savers in the premium pension fund platform.

FTN’s procurement plan means that parallel procurements will be active during 2024.

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