A year after the establishment of the Swedish Fund Selection Agency, almost to the day, the first search has been initiated to replace funds currently on the premium pension platform. The search for actively managed European equity funds will primarily focus on large and/or mid-cap strategies and the new agency is looking to select up to six funds. Asset managers looking to participate in the search will be competing for approximately SEK 11 billion (EUR 930 million) in total, which is the current assets under management in European equity funds at the premium pension platform.
The aim of the Swedish Fund Selection Agency is to procure, review and ensure the quality of the funds on the premium pension fund platform. All procurements will be carried out in accordance with the Act Procurement of Funds to the Premium Pension Fund Platform. According to the Act, the procured funds must be cost-efficient, sustainable, controllable, of high-quality and suitable for the premium pension system and the Swedish social security system. With the launch of the tender process, fund companies are now able to submit an offer, which must be done by September 14 via the procurement platform e-Avrop.The full article is only available to members
If you’re new to Tell Media Group, create an account.
Read more about our memberships
