Transamerica Announces New Collaboration With First Trust
Today, Transamerica announced a strategic partnership with FT Indexing Solutions LLC ("First Trust"), introducing the First Trust Equity Edge Index™ to its popular Transamerica Structured Index Advantage® Annuity. This new equity index, known as Equity First Trust Edge (Nasdaq: FTEQUEDGE), will be exclusively available through Transamerica's registered index-linked annuity. It aims to offer investors increased exposure to U.S. equities known for high quality and value, consistent with a balanced investment approach.
Liza Tyler, head of annuity solutions at Transamerica, expressed excitement about the collaboration. "We are thrilled to work with First Trust, a seasoned manager, to provide an index that addresses key retirement challenges faced by Americans today," she said. "The First Trust Equity Edge offers growth potential with downside risk limitations, aligning with Transamerica's mission to help people optimize what is important to them."
The inclusion of this index enhances the capabilities of the Transamerica Structured Index Advantage Annuity, aiding investors in their pursuit of growth through a diverse range of indexes and protective buffers to mitigate downside market risks. This cost-effective solution underscores Transamerica's commitment to assisting everyday Americans in saving for a fulfilling retirement.
The Transamerica Structured Index Advantage Annuity has already proven extremely popular, surpassing $1 billion in sales within its first two years. Jonathan Cressman, vice president and managing director for annuities wholesale distribution at Transamerica, is optimistic about the partnership with First Trust. "We believe that working with First Trust will propel our growth, thanks to their skilled distribution team," he remarked.
First Trust, a leading provider of exchange-traded funds with $200 billion in assets under management, offers extensive access to financial advisors. This includes 300 wholesalers and 87,000 financial advisors who can collaborate directly with Transamerica wholesalers to distribute the custom index.
The First Trust Equity Edge Index is notable for its distinctive combination of U.S. equities that exhibit high quality and value. This innovative approach merges two equally weighted methodologies derived from the Value Line Dividend Index™, a benchmark for the highest-yielding stocks in the Value Line universe, and the Nasdaq U.S. Rising Dividend Achievers™ Index, which tracks companies with a history of increasing dividends. This ensures clients have access to a mix of investments capable of navigating various market conditions.
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