New Heights Select will now offer seven index options, allowing investors to accumulate assets for retirement and protect against market risk
By Annexus®
COLUMBUS, Ohio – Volatile financial markets over the last few years have investors seeking out protection solutions, with 19% saying the most important benefit of working with a financial professional is protecting their assets against market risk, according to Nationwide’s 2024 Advisor Authority survey. As the need for both protection and growth potential grows, two new indices within Nationwide’s New Heights Select suite of fixed indexed annuities (FIAs) will provide advisors and their clients with more diversification, helping to build better client outcomes in retirement.
In partnership with Annexus, a leading independent insurance retirement product design company, Nationwide is adding the Loomis Sayles Discovery Index and the Nasdaq-100 Volatility Control 10% PR™ Index to New Heights Select FIAs this month. Investors can now select from seven index options when purchasing one of the FIAs, providing choices to help them protect and grow their retirement savings.
“The launch of these indices within the New Heights Select suite marks another milestone in our 10-year partnership with Annexus,” said Mike Morrone, vice president of Nationwide Annuity business development. “We’re proud to continue building upon that partnership, providing solutions that offer greater growth potential and principal protection at a time when investors need it most.”
Ron Shurts, CEO and co-founder of Annexus, added, “The addition of these two indices enhances the diversification opportunities for advisors and their clients within New Heights Select FIAs. The indices are more growth focused and have low correlation, making them a good compliment to the other indices in the portfolio.”
The Loomis Sayles Discovery Index
The Loomis Sayles Discovery Index is a growth-oriented index that, based on the market forecast, dynamically allocates between U.S. growth and value equities and applies two alternative strategies to reduce the impact of changing interest rates and inflation.
“This is the second Loomis Sayles index in an Annexus-designed product, and we are thrilled to be expanding on our partnership — and to enter into a new collaboration with Nationwide,” said Kevin Charleston, chairman, CEO and president of Loomis Sayles. “Our team has developed an index that uses advanced mathematical techniques, including alpha generation, dynamic portfolio construction and solutions development, to anticipate the health of the equity market and make strategic reallocations.”
The Nasdaq-100 Volatility Control 10% PR Index
The Nasdaq-100 Volatility Control 10% PR Index captures equity performance from the Nasdaq-100 Index® while targeting a 10% level of volatility. To accomplish this, the Index uses the truVol® Risk Control Engine, a proprietary risk management tool to monitor intraday trading data and shifts exposures more heavily to cash during periods of heightened volatility above the target1. The Nasdaq-100 is a globally recognized index is composed of 100 of the largest non-financial companies listed on the Nasdaq Stock Market®.
Financial professionals interested in New Heights Select should contact their Nationwide wholesaler or Annexus-affiliated independent distribution company. Individual investors interested in learning more about the benefits of New Heights Select should contact their financial professional or visit www.nationwidenewheights.com.
1 The truVol® Risk Control Engine was designed by Salt Financial, LLC.
About Annexus
Annexus designs solutions to help Americans grow and protect their retirement savings. For over a decade, Annexus has developed market-leading fixed-indexed annuities and indexed universal life insurance products. Annexus has forged relationships with many of the industry’s leading insurance carriers and the world’s largest investment banks. Find out more about Annexus and its products.
About Loomis Sayles
Since 1926, Loomis, Sayles & Company has helped fulfill the investment needs of institutional and retail clients worldwide. The firm’s performance-driven investors integrate deep proprietary research and risk analysis to make informed, judicious decisions. Teams of portfolio managers, strategists, research analysts and traders collaborate to assets market sectors and identify investment opportunities wherever they may lie, within traditional asset classes or among a range of alternative investments. Loomis Sayles has the resources, foresight and the flexibility to look far and wide for value in broad and narrow markets in its commitment to deliver attractive, risk-adjusted returns for clients. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages $388 billion* in assets (as of 30 September 2024). Read more about Loomis Sayles.
*Includes the assets of both Loomis, Sayles & Co., LP, and Loomis Sayles Trust Company, LLC. Loomis Sayles Trust Company is a wholly owned subsidiary of Loomis, Sayles & Company, LP.
About Nationwide
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; and pet, motorcycle and boat insurance.
For more information, visit www.nationwide.com.
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FAM-1715AO
10/2024