The procurement results published today for actively managed global equity funds relates to SEK 200 billion of assets. It’s therefore not surprising that there was a huge interest among both local and international fund managers with a total of 99 tenders submitted. However, ten of these were recalled and 20 were rejected by the Swedish Fund Selection Agency because they didn’t fulfil required demands. That left 69 funds that were evaluated by the selection team.
It’s often highlighted that historical performance doesn’t say anything about the future, but the three-year annual return of the procured funds stands at 8,8 per cent versus 5,5 per cent for the category before the procurement. The performance of the procured funds is also higher than the default AP7 Såfa, which delivered 7,7 per cent during the same period.
In a comment, Erik Fransson, executive director of the Swedish Fund Selection Agency said: “The fund offering prior to the procurement was outdated and has delivered weak returns historically. Savers will now have access to a quality-controlled range that is aligned with current market demand. We are very pleased with this”.
Selected funds
AMF Fonder AB
AMF Aktiefond Global
Carnegie Fonder AB
D&G Global All Cap
FIL Investment Management (Lux) S.à.r.l.
Fidelity Funds Global Equity Income ESG Fund
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