January 24, 2017
Two Index Options Added to Nationwide New Heights Fixed Indexed Annuities
J.P. Morgan, Roger Ibbotson’s Zebra Capital provide index options unique to New Heights
Columbus, OH - The recent addition of two indices unique to Nationwide New Heights® fixed indexed annuities (FIAs) provides clients with more options to help with growth potential in a variety of market environments.
The J.P. Morgan Mozaic IISM Index is a momentum-based index that strategically rebalances every month among a diverse range of global asset classes, with the aim to capture the continued performance of asset classes that have exhibited recent strong returns. The rebalancing process provides the flexibility to adapt to a variety of market environments and create consistent returns. Nationwide New Heights are the only FIAs to offer J.P. Morgan Mozaic II as an index option.
The NYSE® Zebra EdgeTM Index, developed by economist Professor Roger Ibbotson and his team at Zebra Capital Management, is the first index founded on Ibbotson’s behavioral finance research on popularity. It’s also the first NYSE index to be featured in a FIA and is exclusively available in Nationwide New Heights. By removing the stocks that are popular with investors and often the most volatile, the index seeks to identify stocks that are less popular yet historically provide higher returns with less risk, according to Ibbotson’s research.
“Both of these indices have average back-tested, hypothetical performance of more than 5.25 percent annually, and their low volatility allows for index allocations that can be higher than 100 percent in some New Heights products,” said Mike Morrone, associate vice president of fixed annuity product strategy at Nationwide. “In today’s low interest rate environment, these additional index options offer more risk-averse clients the accumulation opportunities that they want.”
Both new indices are available on all new Nationwide New Heights FIA contracts.
“Nationwide is committed to helping advisors meet their clients’ retirement income needs, whether that is growing and protecting savings, creating a stream of lifetime income or securing a legacy for loved ones,” said Eric Henderson, Nationwide senior vice president of life insurance and annuities. “Nationwide will continue to evolve its New Heights line because we feel that there will be continued demand for the role fixed indexed annuities fill in today’s market environment.”
Visit www.nationwidenewheights.com or ask your financial professional for more information about the New Heights FIAs. IMO advisors should contact their Annexus representative with questions about New Heights.
Nationwide, a Fortune 100 company 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 both A.M. Best and Standard & Poor’s. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.