Citigroup has licensed its Citi Grandmaster Index on an exclusive basis to retirement savings products Athene USA and fixed indexed annuities (FIAs) provider Annexus.

The index will be used as the underlying in the Athene BCA suite of fixed indexed annuities (FIAs), including BCA 2.0 and Athene Velocity, as part of new enhancements to the products’ index portfolio. The Citi Grandmaster Index is a globally diversified, rules-based gauge that takes a forward-looking approach to asset allocation. It seeks to anticipate market fluctuations by forecasting over 1,000 future market return scenarios every month. A proprietary optimisation process then identifi

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