Jefferson National Life Insurance Co. of Dallas today added the Rydex Variable Trust Managed Futures Strategy Fund to its Monument Advisor variable annuity.
The fund, designed to provide low correlation to traditional asset classes, gives customers exposure to a managed futures strategy and offers them exposure to long and short positions in the futures market — with the exception of energy, Jefferson said.
Rather than providing direct exposure to the futures market, the fund uses structured notes and other financial instruments. The fund seeks to deliver the returns of the Standard and Poor’s Diversified Trends Indicator, which is divided equally between physical commodities, such as grains and livestock, and financials, which include the euro and the yen.
The S&P DTI’s one-year average annual total return as of Sept. 30 was 7.19%, the three-year average was 5.61% and the five-year average was 9.24%. The Standard & Poor’s 500 stock index has faced a one-year average annual total loss of 21.98%, a three-year gain of 0.22% and a five-year gain of 5.17%.
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