May 02, 2012
Nationwide Expands Variable Life and Annuity Investment Lineup
New options help advisors meet client needs, protect against market volatility
Columbus, Ohio - Nationwide Financial Services, Inc. today announced several enhancements to the investment lineup for its variable annuity and variable life insurance products, including 15 new fund options to provide advisors with greater asset class selection options for their clients. These changes were effective May 1, 2012.
“We work hard to provide a wide range of investment options to help advisors mitigate risks associated with market volatility and tailor a plan for the specific needs of their clients,” said Eric Henderson, senior vice president of Individual Products & Solutions for Nationwide Financial. “Through the careful selection and monitoring of experienced money managers, we have created investment menus that seek to deliver returns over and above those of the broad market, while protecting against volatility.”
Nationwide will begin offering the following options from Dimensional Fund Advisors for its variable life products: VA Global Bond Portfolio, VA US Large Value Portfolio, VA US Targeted Value Portfolio, VA International Value Portfolio, VA International Small Portfolio and VA Short-Term Fixed Portfolio. Dimensional, which bases its investment philosophy on rigorous academic research, placed first in the 2011 Cogent Research advisor loyalty rankings for the second year in a row.
For the first time at Nationwide, advisors will have access to actively managed target volatility funds for both variable life insurance and annuity products. These funds include Goldman Sachs VIT Global Markets Navigator Fund; and AllianceBernstein VPS Dynamic Asset Allocation Portfolio.
Other fund additions to the life and annuity line-up will enhance investment options in high yield, asset allocation and mid-cap asset classes:
Invesco VI Mid Cap Core Equity Fund
MFS VIT New Discovery Series
PIMCO VIT All Asset Portfolio
Ivy Funds VIP High Income
Ivy Funds VIP Mid Cap Growth
Nationwide is also offering two new funds to enhance its high yield bond asset class options for the America’s marketFLEX® Series product:
Direxion Insurance Trust Dynamic VP High Yield Bond Fund
Fidelity VIP High Income Portfolio
As of May 1, 2012, Nationwide’s investment lineup includes:
- 92 variable annuity investment options
- 96 variable life investment options
- Coverage across 34 Morningstar categories
- Access to over 33 money managers
- 23 asset allocation investment options
- More than 59 variable annuity options with a 5-year track record and 49 options with a 10-year track record
- More than 68 variable life options with a 5-year track record and 58 options with a 10-year track record
“We have built a best-in-class investment line-up and a dedicated team of specialists to help advisors customize investment strategies for clients,” Henderson said. “Nationwide is committed to positioning our variable life and annuity businesses for long-term success. These changes reinforce our ongoing efforts to build relationships with advisors who can count on us to help them with variable life and annuity solutions for their clients now and in the future.”
Financial advisors interested in seeing the complete list of changes to Nationwide’s investment lineup, including name changes and summaries of the fund lineups for specific variable products can visit /mayupdates.
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 or visiting . 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.