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

The agency also announced an extension of its actively managed global equity funds tender, which is currently under way.

On the privately managed funds platform – which the FTN has been tasked with gradually re-populating with specially-procured funds – 14 actively managed Swedish small-cap funds are currently listed, with some SEK44bn (€3.8bn) of assets under management, and five European small-cap funds holding around SEK6.5bn.

The FTN said it had yet to decide when during 2025 the small-caps procurement announcement would be made, or when the specific requirements for those processes would be made public.

The Tumba-based agency outlined its preliminary plan for next year’s tenders a month ago, saying it would procure funds in five different categories currently covering about SEK250bn of assets, but at the time, gave no indication of the running order.

According to the FTN’s plan, following the small-cap tenders, 2025 will see procurements for actively managed IT and communications equity funds – in which savers currently have some SEK145bn invested – as well as active and passive US and North American equity funds, which together hold some SEK44.6bn of savings.

Separately, the agency said it was pushing back the deadline for the actively managed global equity funds procurement, which was launched in early November as the FTN’s biggest tender yet.

“Due to the significant interest in the procurement and as a result of clarifications and changes to mandatory requirements in the procurement specifications (annex 2) and supplementary information (annex 4), the tender period has been extended to January 30, 2025,” the agency said.

The deadline had previously been set as 16 December.

The later deadline means the last day to ask questions about that procurement is now 16 January, and the deadline for publishing answers to questions is 24 January, according to the announcement.

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Rachel is IPE's Nordic correspondent. She has long been a freelance writer, and over the years, has written for The Telegraph, The Independent, The Observer, AMWatch and elsewhere. In 2001, Rachel's personal finance book Kickstart Your Money was published by John Wiley & Sons.View full Profile

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