May 05, 2014
Nationwide Financial Adds Three Actively Managed Subaccounts to America’s marketFLEX® Variable Annuity Series
New NVIT Flexible Strategy FundsSM provide dynamic, alternative investment opportunities for clients
Columbus, Ohio - Advisors looking for investment diversification options for their clients’ retirement income needs can now turn to three actively managed subaccounts offered within the America’s marketFLEX® Variable Annuity Series from Nationwide Financial.
The new NVIT Flexible Strategy FundsSM are designed to streamline the investment process for advisors and provide clients with wealth accumulation potential in a variable annuity package. The three subaccounts focus on portfolio outcomes based on income, growth and low-correlation strategies, and each provides managers with the freedom to allocate assets as needed to respond to market conditions.
“Recent market volatility has made even sophisticated investors waver in their commitment to long-term strategies,” said Eric Henderson, senior vice president of Life Insurance and Annuities for Nationwide Financial. “The new NVIT Flexible Strategy Funds allow advisors to address those concerns and offer market-responsive strategies without committing to the day-to-day heavy lifting.”
The three new subaccounts include:
- Lazard NVIT Flexible Opportunistic Strategies Fund – a forward-looking, actively managed portfolio completion strategy that invests in nontraditional assets to provide long-term capital appreciation and returns;
- NVIT Flexible Moderate Growth Fund – a total portfolio solution for long-term growth through a broad and flexible allocation in stocks, bonds and other asset classes;
- NVIT Flexible Fixed Income Fund – a total portfolio solution, built primarily to provide income but gives the manager the ability to actively pursue income by dynamically adjusting the asset allocation.
Nationwide Fund Advisors®, a wholly owned subsidiary of Nationwide Mutual Insurance Company, provides daily oversight and selects the subadvisors to manage the various strategies of the NVIT Flexible Fixed Income and Moderate Growth Funds. Lazard Asset Management LLC manages the Lazard NVIT Flexible Opportunistic Strategies Fund.
“We were able to turn to our in-house mutual funds business and partner with Lazard to respond to advisor demand for actively managed fund options,” said Henderson. “The new funds improve upon what is already a great product for investors seeking alternative investment options with the benefits of a variable annuity.”
The new investments are immediately available to all current and new America’s marketFLEX Variable Annuity policyholders.
Call 1-800-321-6064 or visit www.nationwidefinancial.com/managerisk for more information about America’s marketFLEX or the new NVIT Flexible Strategy Funds.
Nationwide Mutual Insurance Company, 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 and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; specialty health; pet, motorcycle, boat and farm insurance. For more information, visit www.nationwide.com.