The American investment manager has exclusively licensed its new volatility target index with a decrement overlay to Eagle Life for a fixed index annuity (FIA) in the US.

The Invesco QQQ 15 Index has been made available to the Eagle Life Insurance Co’s Select Focus FIA series, adding to the tax-deferred annuity’s existing six index options.    Going live on 3 March, the Invesco QQQ 15 Index (IIQQQ15) seeks to provide risk adjusted returns while maintaining a 15% volatility target. The excess return index also comes with a 50bps annual index performance reduction. The underlying asset is the Invesco QQQ exchange-traded fund (ETF) that is de