The UK bank is gearing up for the launch of a new multi-asset index offering access to alternative investments in January.
The HSBC Value Architect Index, also referred to as the Brookfield Value Architect Index (BVARCH), has received the approval to be included as the reference asset of a new fixed index annuity (FIA) offered by American National Insurance Company (Anico), according to the insurer’s filings to the Interstate Insurance Product Regulation Commission in the US. The last three years has seen the use of custom indices in the FIA market reach upwards of 60% - David Odenath The index is a '