Advisors can help clients prepare for all market environments with enhanced investment lineup from Nationwide
Updated investment platform includes new specialty and international investment options
FOR IMMEDIATE RELEASE
April 30, 2010
Jeff Whetzel (614) 249-6354
Chad Green (614) 677-1679
Columbus, Ohio — Today’s investors are more concerned than ever about balancing their need to manage risk with the need to seek consistent returns over time. To help consumers achieve this goal, Nationwide Financial Services, Inc. today announced changes to the investment lineup for its variable annuity and variable universal life insurance products that include expanded options in the specialty and international fund categories. These changes are effective May 1, 2010.
“As advisors look for ways to help clients protect their assets and position themselves for future growth, they need to have a diverse selection of investment options from which to choose,” said John Carter, president of Nationwide Financial Distributors, Inc. “We’re committed to making it easier for advisors to do business with us and the changes we’ve made to our investment platform will help ensure that they can find options that will help their clients pursue their financial goals through all market environments.”
Carter said changes to the investment platform include:
New third-party investment options – Four new third-party underlying funds were added to strengthen Nationwide’s specialty and international lineups.
• Janus Aspen Series Global Technology Portfolio provides investors with
a global technology investment option
• MFS VIT International Value Portfolio was added to give investors more options in the International Value category
• T. Rowe Price Health Sciences Portfolio gives investors a health sciences option
• Van Eck VIPT Global Hard Assets Fund provides investors with a global hard assets option
Reopening investment options – Based on feedback from advisors, Nationwide has reopened the Franklin Templeton VIPT Global Bond Securities Fund to new investors.
New third-party investment options in America’s marketFLEX® Series of annuities –Nationwide has added options from ProFunds to complete its lineup of alternative asset classes and offers access to previously unavailable asset classes with new underlying funds from PIMCO and Rydex.
With the latest changes, Nationwide’s standard investment menu for its variable life and variable annuity products now includes:
• 84 underlying investment options
• Coverage across 33 Morningstar categories
• Access to 33 money managers
• 21 asset allocation investment options
• 59 options with a 3-year performance track record
• 55 options with a 5-year performance track record
• 41 options with a 10-year performance track record
“When an advisor recommends a Nationwide solution to their clients, they can feel confident that every option in our investment platform has passed our rigorous screening process,” said Carter. “By carefully selecting and monitoring money managers, we help ensure that investors can find solutions that will meet their unique needs and help protect what’s valuable to them.”
Nationwide, based in Columbus, Ohio, is one of the largest and strongest diversified insurance
and financial services organizations in the U.S. and is rated A+ by A.M. Best. The company provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions, long-term savings plans and health and productivity services. For more information, visit www.nationwide.com.
The underlying fund prospectuses can be obtained from your investment professional or by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, OH 43218-2021. Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectus contain this and other important information. Read the prospectuses carefully before investing.
Variable annuity and variable life insurance products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio. Nationwide Life Insurance Company is a subsidiary of Nationwide Financial Services, Inc. The general distributor is Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs Corporation.
Funds of Nationwide Variable Insurance Trust are distributed by Nationwide Fund Distributors LLC, member FINRA, 1000 Continental Drive, Suite 400, King of Prussia PA 19406.
Nationwide, Nationwide Custom Portfolio, the Nationwide framemark, Nationwide Financial and On Your Side are service marks of Nationwide Mutual Insurance Company. NVIT Cardinal is a service mark of Nationwide Life Insurance Company.
Nationwide, Nationwide Financial, the Nationwide Framemark and On Your Side are registered service marks of Nationwide Mutual Insurance Company.
John Carter is a registered representative of Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.