Nationwide has added the Loomis Sayles Discovery Index its fixed index annuities (FIAs) in partnership with Citi and Annexus.
The growth-oriented index seeks to reduce the impact of changing interest rates and inflation by allocating across US equity, global rates alternative and commodities alternative. With 23 reference assets, the smart beta index has an 8% volatility target via daily rebalance. Following its inception on 14 June, the index is now available via the Nationwide Hew Heights Select Fixed Indexed Annuity (FIA), along with newly-added Nasdaq 100 Volatility Control 10% PR Index which went live on 3
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