The Swedish Fund Selection Agency (FTN) has announced that actively managed Swedish and European small-cap funds will be the next fund categories to be procured for the premium pension fund platform.

Currently, there are five actively managed European small-cap funds on the fund platform, with assets under management of approximately SEK 6.5bn.

The actively managed Swedish small-cap funds category, meanwhile, currently consists of 14 funds, with assets under management of approximately SEK 44bn.

FTN has yet to decide when during 2025 the procurement announcement will be made or share the specific requirements for the procurements, although it confirmed that it will share further details on timing when it deems "appropriate".

The confirmation that Swedish and European small-cap funds will be the next fund categories to be procured comes hot on the heels of FTN's its preliminary procurement plan for 2025, with planned tenders totalling 241.7bn.

The FTN has not confirmed the order for the remaining fund categories included in the plan, which cover IT and communication (SEK 145.1bn), US & North America large/mid-cap – passively managed - (SEK 31.4bn), and US & North America large/mid-cap – actively managed – (SEK13.2bn).

The past year has already seen the FTN award numerous contracts for Sweden’s premium pension system. Last week, it announced the results of its global and European equities tenders.

It also launched its largest tender to date for the procurement of SEK 200bn worth of actively managed global equity funds.

Broader changes to the procurement process could also be on the horizon, as the Swedish government recently launched a consultation aimed at making the procurement process of the FTN.

Whilst currently, if FTN’s procurement decisions are appealed, the selection is reviewed in a court process with a judge and three jury members, the proposed change would mean that the court would sit with a single judge, as in other procurement cases.

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