AnnuityNetAdvisor Website Adds 19 New Options To Rydex Variable Annuity Investment Lineup.Business/Technology Editors LEESBURG, Va.--(BUSINESS WIRE)--Jan. 29, 2002 Online Resource for Independent Financial Advisors Now Offers More Sector, International and Contrarian Contrarian An investment style that goes against prevailing market trends by buys assets that are performing poorly and selling when they perform well. Notes: A contrarian investor believes that the people who say the market is going up do so only when they are fully Fund Choices AnnuityNetAdvisor.com, the Web's foremost resource for annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. products for independent financial advisors, is significantly expanding investment options available on its online platform with the addition of 19 specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. options to the Rydex Variable Annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. product. The additional options bring the number of Rydex investment subaccounts to a total of 25, including index-based, sector and money market options. Sector investing has become increasingly popular with sophisticated investors who want to fine-tune their portfolios by targeting individual industries with potential for above-average growth. While sector investing offers the possibility for strong capital growth, it can also be more volatile than traditional diversified diversified (di·verˑ·s equity investing. For investors who are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. more aggressive exposure and can withstand additional risk, however, sector investing can be especially appropriate. The 16 new Rydex sector options available on AnnuityNetAdvisor.com are Banking, Basic Materials, Biotechnology, Consumer Products, Electronics, Energy, Energy Services, Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Health Care, Internet, Leisure, Retailing, Technology, Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , Transportation and Utilities. Rydex sector investment options are team-managed and strive to provide at least 95 percent exposure to the sector. The management team uses a proprietary quantitative model that is primarily based on sales, earnings and assets. All Rydex sector investment options work to be fully invested at all times. For investors in these subaccount options, Rydex offers one of the most flexible exchange policies in the industry. "These new Rydex sector funds are especially appropriate for our advisors who actively manage their clients' Variable Annuity subaccount investments," says Todd Schoenberger, AnnuityNetAdvisor Senior Director. "Our technology allows advisors to manage sector rotation Sector Rotation The action of a mutual fund or portfolio manager shifting investment assets from one sector of the economy to another. Notes: Not all sectors of the economy perform well at the same time. and asset balancing for individuals or groups of clients easily with a few clicks of a mouse. And the asset accumulation potential offered by this broad range of industry sectors makes it a homerun for advisor clients as well." Also newly added to the Rydex lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. on AnnuityNetAdvisor.com are two international options, the Large-Cap Europe and Large-Cap Japan options, and the Arktos option, which has a "short" or inverse (mathematics) inverse - Given a function, f : D -> C, a function g : C -> D is called a left inverse for f if for all d in D, g (f d) = d and a right inverse if, for all c in C, f (g c) = c and an inverse if both conditions hold. investment strategy. Arktos seeks to provide investment results that are inverse the performance of the Nasdaq 100 Index Nasdaq 100 Index A market-capitalization-weighted index of the largest and most active nonfinancial domestic and international issues listed on the Nasdaq Stock Market. (R). For example, if the index goes down 10 percent in a day, Arktos should rise by 10 percent. "AnnuityNetAdvisor.com has specialized in putting the right tools and products in the hands of financial advisors," says Louis J. Foran, executive vice president of sales and marketing, Rydex Global Advisors. "We believe the addition of these 19 investment options to the Rydex Variable Annuity product will give advisors more flexibility to pursue sector specific investment strategies, which are especially attractive in a tax-deferred account such as a variable annuity." Previously, AnnuityNetAdvisor.com offered 6 investment options in its Rydex Variable Annuity product - Nova, Ursa, OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). , US Government Bond, Precious Metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. and Money Market. The Rydex Variable Annuity product is underwritten by Keyport Life Insurance Company, a member of the Sun Life Financial group of companies. AnnuityNetAdvisor (www.AnnuityNetAdvisor.com) is a professional resource that is available free to all financial advisors who offer annuity products for their clients' portfolios. The Web-based platform offers a broad mix of variable annuity options from the top firms in the business, with products specially tailored for streamlined online applications and efficient post-sale servicing. The range of investment alternatives is extremely wide as well, with a total of 116 subaccount fund choices across the range of fixed and variable annuity products. About AnnuityNet, Inc. AnnuityNet, a Leesburg, VA-based software technology company, pioneered the Web-based approach to powering transactions in the annuity market space with an Internet platform that connects all industry constituencies - carriers and manufacturers, distributors and point of sale representatives, and customers - into a seamless, secure and information-rich process. After becoming the first company to engineer paperless annuities on the Web, AnnuityNet designed and developed technology solutions for financial services institutions that are transforming the way the industry sells and services annuities. Marking an Internet record, AnnuityNet's Web technology processed more than $2 billion in annuity transactions during 2001. AnnuityNet was founded in 1997 by well-known actuary actuary One who calculates insurance risks and premiums. Actuaries compute the probability of the occurrence of such events as birth, marriage, illness, accidents, and death. and entrepreneur Shane Chalke, and is owned by a blue-ribbon consortium of financial industry organizations including GE Equity, Lincoln Financial Group, Conning Capital Partners, SunLife, and Bank One. The company's Web site address is www.annuitynet.com. Securities offered through AnnuityNet Insurance Agency, Inc., a broker-dealer. About Rydex Headquartered in Rockville, Md., Rydex is an innovative mutual fund company that offers 32 flexible investment products for a variety of market conditions. The company's 17 sector funds offer pure exposure to industry sectors, giving investors the ability to take advantage of a particular market sector at a given time. Its flagship portfolio, Rydex Nova Fund, was the first leveraged fund available to the public. To learn more about Rydex sector funds and the entire Rydex fund family, contact Anna Haglund at 800.820.0888, ext. 5194 or at ahaglund@rydexfunds.com. The Funds are not sponsored, endorsed, sold or promoted by Nasdaq or any of Nasdaq's affiliates. For a prospectus containing information including charges and expenses visit www.annuitynetadvisor.com in the product center. Read the prospectus carefully before investing. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion