Swedish Fund Selection Agency, Stockholm, is searching for index fund managers to run a total of 58 billion Swedish kronor ($5.5 billion) in European and global equities.
The first search is for managers that have a primary investment focus on equities in large and medium-sized European companies. The second search is for managers of equities in large and medium-sized global companies, according to a news release.
The agency, also known as FTN, intends to select up to four index funds for European equities and up to six funds for global equities.
The FTN is an authority with a mandate to procure and monitor funds for Sweden's premium pension fund platform.
The platform currently has seven European equity index funds with 15 billion kronor invested and 11 global equity index funds with about 43 billion kronor invested.
Both RFPs are available on procurement platform e-Avrop's website. Proposals are due April 18
FTN couldn't provide information regarding how the total allocation will be split between European and global equities.
