Jefferson National Financial Company has added a number of alternative investment strategies to its Monument Advisor variable annuities, a flat fee-based variable annuity series.
"A growing number of registered investment advisors and fee-based advisors are using alternatives to achieve greater diversification and downside protection in this challenging market - and our surveys show that nearly two-thirds of advisors think alternatives will become more important than traditional asset classes," said Laurence P. Greenberg (pictured), president at Jefferson National.
The insurer added a number of funds that use derivatives and dynamic asset allocation to the already-existing investment options available to clients invested in Monument Advisor.
New strategies include Invesco's VI Balanced-Risk Allocation II which invests in derivatives, swap agreements and futures.
Jefferson's variable annuity is the first to offer the BCM Decathlon Series of three exchange-traded fund-based strategies, as well as the power Income VIT from W.E. Donoghue & Co and the Hatteras Alpha Hedged Strategies Fund.
The insurer has also added the Legg Mason Dynamic Multi-Strategy VIT II, Fidelity VIP FundsManager portfolios and three exchange-traded fund-based target date funds from Wilshire Funds Management.
Janus Capital Group's Janus Aspen Protected - Growth Portfolio, a product launched in conjunction with BNP Paribas as reported by SRP, has also been added.