Nationwide has brought an actively managed mutual fund managed by Capital Group to its registered index linked annuity (Rila), in a first for the market.
The Columbus, Ohio-based insurance carrier has added the American Funds Growth Fund of America Class F-3 to the index accounts of the Nationwide Defined Protection Annuity 2.0 (DPA 2.0), a Rila featuring a selected floor protection. This marks the first Rila to include an account linked to an actively managed mutual fund, according to Nationwide Life Insurance Co (Nationwide) which recorded US$1.3 billion sales in Rila for 2024 and finished 11 th in the issuer ranking. The launch