Fondtorgsnamnden, the Swedish Fund Selection Agency, will soon launch a series of searches for money managers to run 193.7 billion Swedish kronor ($18.4 billion) in active and passive equities, and global bonds.
FTN, a government authority established last year to procure, monitor and ensure the quality of assets managed in the Swedish premium retirement system, said index-related tender processes will take place at the end of this year or early in 2024.
The agency will search for managers to run 40 billion kronor in global passive strategies and 14 billion in European index funds. Money managers that want to apply in both searches will need to submit separate applications, FTN said in a notice.
FTN will also in 2024 launch four further searches: about 74 billion kronor in active Swedish equities; about 46 billion kronor in passive Swedish equities; about 19 billion kronor active Nordic equities; and about 700 million kronor in global bonds.
Further information on the searches is available for download on FTN's website.
