Wednesday, February 13, 2008
XTF Gets Variable Annuity Distribution for its ETF
News summary by MFWire's editors
XTF Global Asset Management
has landed distribution for two of its ETF portfolios in Old Mutual's Beacon Advisor
variable annuity. XTF’s tactical portfolios are diversified portfolios of equity and fixed-income ETFs.
Company Press Release
XTF Global Asset Management, an asset manager that manages portfolios of Exchanged Traded Funds (ETFs), today announced that Old Mutual Financial Network will feature two XTF portfolios as part of its recently-introduced Beacon Advisor variable annuity. XTF’s ETF 60 and ETF 80 portfolios will allow investors to take advantage of the price efficiencies, diversification and transparency that ETFs seek to deliver.
“The addition of the ETF 60 and ETF 80 portfolios to the Beacon Advisor platform is an opportunity for financial advisors to help their clients reap the advantages of a long-term, ETF-based investment,” said Tom Scuccimarra, XTF’s head of sales and distribution. “These model-driven products not only provide diversification across a number of asset classes, but enable investors to participate in managed portfolios that tactically adjust to market conditions. XTF products are set apart by our ability to fine tune our equity and fixed income exposures, depending on our market views, in an attempt to take advantage of growth periods in specific sectors and protect capital in downward trending markets.”
“Financial advisors have shown increasing interest in low-cost VAs like Beacon Advisor that offer sophisticated income riders and innovative investment options,” said Pat Ferrer, vice president, Variable Annuities at Old Mutual Financial Network. “We are pleased to include two XTF products within Beacon Advisor’s investment line up.”
About the Tactical ETF Portfolio Series
XTF’s tactical portfolios are diversified portfolios of equity and fixed-income ETFs. The portfolios are unique in that the company adds an active management component, rebalancing and adjusting the relative equity allocations over time based on market and macroeconomic conditions. XTF’s unique Tactical Asset Allocation model allows it to raise or lower equity exposure in its portfolios by up to 20 percent for each equity asset class. For example, in the ETF 60 (which contains a strategic 60 percent equity and a 40 percent fixed-income allocation), XTF could underweight equities to as little as 48 percent in bear market conditions or, in more favorable markets, overweight equities up to 72 percent.
About XTF Global Asset Management
XTF Global Asset Management, LLC, is dedicated to bringing the benefits and efficiencies of exchange traded funds (ETFs) to investors through its broad range of investment products and services. The company, based on Wall Street and founded in 2000, builds model-driven ETF portfolios designed to consistently produce strong risk-adjusted returns that out perform their benchmarks. Through its proprietary quantitative investment discipline, its in-depth ETF research, and its ability to customize its products for the needs of clients and partners, XTF has taken on a proven leadership role as an ETF solutions provider.
XTF firmly believes that educating investors about the potential of ETFs and providing access to low-cost ETF-based products will ultimately help investors define and achieve their long-term financial goals. To this end, the company provides an ETF Rating Service that allows advisors and individual investors alike to make more educated decisions when choosing ETFs or portfolios of ETFs for investment. More information can be found at www.xtf.com.
About Old Mutual
Old Mutual is the marketing name of OM Financial Life Insurance Company (issuer of the Beacon Advisor variable annuity), and in NY only, OM Financial Life Insurance Company of New York, Old Mutual plc companies. Variable annuities are distributed through Old Mutual Financial Network Securities, member FINRA. Headquartered in London, England, Old Mutual plc was founded in 1845, is one of the world’s largest insurers, ranks as a Fortune Global 500 company and employs nearly 50,000 people worldwide. Old Mutual has the knowledge, expertise and resources a global powerhouse can provide and is committed to delivering innovative and balanced financial solutions. Each Old Mutual company is solely responsible for its contractual commitments.
An investor should consider the Fund's investment objective, risks, charges, and expenses carefully before investing. This and other information about the Funds is contained in the fund's prospectus, which can be obtained by calling 1-866-XTF-ETFS (983-3837). Please read the prospectus carefully before investing. The fund is distributed by Aquarius Fund Distributors, LLC, member FINRA/SIPC.
Not FDIC Insured * May Lose Value * Not Bank Guaranteed
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