ETFs options in accounts.Exchange-traded funds soon will appear as options in variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. and variable life products, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Michael Woods Michael Woods could refer to:
XTF Extensible Tag Framework (Mozilla) XTF Extended Triton Format , an asset manager specializing in building, managing and trading ETFs. The company's Variable Investment Trust offers 13 portfolios. ETFs attempt to replicate an index but are not index funds, which can only be bought or sold at the end of a trading day. Instead, they trade like securities and offer transparency and efficiency, Woods said. They are well-suited for variable subaccounts because they eliminate style drift Style Drift The tendency of a broker or investment portfolio manager to alter his or her investment style over time. Notes: This occurs for any number of reasons, but one main force is changing trends in the general investing environment. that can occur in actively managed mutual funds and allow actuaries and hedgers to hedge more precisely the risks inherent in living benefits and death benefits. They also eliminate security-selection risk. ETFs cost a third less than mutual funds of traditional subaccounts. These savings also could bring down the costs of riders and the mortality-and-expense ratio, said Woods, who added that he has fielded inquiries from 18 of the top 20 VA companies. |
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