Sweden’s Fund Selection Agency (Fondtorgsnämnden, FTN) announced winners this morning in its latest procurement process for the premium pension system’s funds platform – with eight funds picked for two Nordic equity fund categories.
Mats Dillén, FTN chair, said: “The work to quality assure the funds in the premium pension system is proceeding according to plan and we are pleased to finalise two more procurements now.”
The four managers awarded mandates for a fund listing on the platform – which encompasses privately-managed premium pension assets of around €100bn – for Nordic equity funds are Handelsbanken Fonder, Nordea Funds, SEB Investment Management and Ålandsbanken.
Meanwhile, in the Nordic equity funds (small-cap) category, the winners are Fondbolaget Fondita, Handelsbanken Fonder, Nordea Funds, and SEB Investment Management.
The FTN, which is in the multi-year process of procuring a range of approved funds for the privately-managed side of the platform to replace the previous offering which includes all providers meeting certain criteria, is therefore reducing the number of funds offered in the Nordic equity fund category to four funds from 10 currently.
The reduction in the breadth of the small-cap Nordic equity fund offering is less pronounced, however, with the agency saying there were currently five funds under that definition. The Nordic equity funds (small-cap) category is a new segment being carved out of the Nordic equity funds category, which as a whole included an investment of just over SEK17.7bn (€1.6bn) at the end of 2024.
Two of the funds being procured for the platform in this dual process launched last April, officially the FTN’s fourth and fifth procurements, are new to the platform, while the other six are already listed.
The new funds are Handelsbanken Norden Selektiv in the first category, and SEB Nordic Small Cap Fund in the second, according to the FTN’s detailed procurement reports released today.
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