North American Launches NYSE GEARS Index to Enhance FIA Flexibility
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
- New Index Introduction: North American Company collaborates with Annexus to incorporate the NYSE GEARS Index into its Secure Horizon FIA suite, aiming to capture equity performance through dynamic market conditions, thereby offering customers greater growth potential.
- Risk Management Innovation: The Index employs a proprietary risk management process designed to reduce volatility, helping clients achieve more stable investment returns in an unstable market environment, which enhances customer confidence.
- Enhanced Market Adaptability: By introducing a growth-oriented index with low correlation to existing indices, North American's FIA product suite will gain better diversification opportunities, thereby improving investment choices for agents and clients.
- Strengthened Partnerships: This collaboration with Deutsche Bank and ICE Data Indices not only expands North American's product line but also showcases its innovative capabilities in insurance retirement product design, further solidifying its market position.
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Analyst Views on NAC
Wall Street analysts forecast NAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NAC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 11.900
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Current: 11.900
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About NAC
Nuveen California Quality Municipal Income Fund (the Fund) is a diversified closed-end management investment company. The Fund seeks current income exempt from both regular federal income taxes and California personal income tax. The Fund's secondary investment objective is the enhancement of portfolio value. The Fund invests in municipal securities that are exempt from federal and California state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund's investment advisor is Nuveen Fund Advisors, LLC. The Fund's sub-advisor is Nuveen Asset Management, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
North American Launches NYSE GEARS Index to Enhance FIA Flexibility
- New Index Introduction: North American Company collaborates with Annexus to incorporate the NYSE GEARS Index into its Secure Horizon FIA suite, aiming to capture equity performance through dynamic market conditions, thereby offering customers greater growth potential.
- Risk Management Innovation: The Index employs a proprietary risk management process designed to reduce volatility, helping clients achieve more stable investment returns in an unstable market environment, which enhances customer confidence.
- Enhanced Market Adaptability: By introducing a growth-oriented index with low correlation to existing indices, North American's FIA product suite will gain better diversification opportunities, thereby improving investment choices for agents and clients.
- Strengthened Partnerships: This collaboration with Deutsche Bank and ICE Data Indices not only expands North American's product line but also showcases its innovative capabilities in insurance retirement product design, further solidifying its market position.
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