Barclays, Goldman Sachs prop plays set to underlie FIAs

Barclays has rolled out the Avantis Barclays Volatility Control (VC) Index in collaboration with Avantis Investors. The index was created specifically for the RIA market and the fixed index annuity (FIA) structure by the firm’s chief investment officer Eduardo Repetto and chief operating officer Pat Keating. The index uses an excess return option strategy rather than a price return, which offers the benefit of dividends. The index is at 10% vol control while the majority of indices are