Sweden’s Fund Selection Agency (Fondtorgsnämnden, FTN) has revealed that the next two procurements it will launch for the premium pension funds platform will be for US/North American equity funds — after the upcoming procurement for technology funds next month.

The FTN, which is almost midway through its task of re-populating the platform with procured, quality-assured investment funds, announced its 11th and 12th procurements will be for actively managed US & North America equity funds, large and mid-cap companies, and passively-managed funds of the same description.

These two procurements are scheduled to be launched in the first quarter of next year, the agency said.

“More detailed information about the timing and publication of preliminary procurement specifications will be published as soon as FTN deems it possible,” the Tumba-based agency said in this week’s announcement.

There are currently SEK12bn (€1.1bn) and SEK29bn of Swedish premium pension savings invested, respectively, in these two fund categories, it said.

Meanwhile, the agency also firmed up the timeframe for its upcoming procurement of actively managed global technology funds, saying the process will open in October this year.

Previously, it had said that procurement – which is large, covering a category in which around SEK124bn is currently invested between the 10 funds on offer – would commence sometime this autumn. 

Preliminary specifications for the tech funds tender were unveiled back in June.

Read the digital edition of IPE’s latest magazine

 
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

More from Rachel Fixsen

Topics