Bringing you live news and features since 2006 

Phoenix Companies and Credit Suisse launch CS Tactical Multi Asset Index


The Phoenix Companies has partnered with Credit Suisse to license the CS Tactical Multi Asset Index, a new exchange traded fund (ETF) based index available exclusively to Phoenix fixed indexed annuities.

The index is managed directly by Credit Suisse.
“Over the last five years, Phoenix has built a fixed indexed annuity product portfolio that offers a selection of indexed accounts featuring strategies that benefit from market gains, while offering protection from downside risk,” says Dana Pedersen, vice president and product officer for Phoenix. “This new partnership with Credit Suisse and the addition of indexed accounts linked to an ETF-based index enhance the value we are able to offer through our existing fixed indexed annuities.”
“Credit Suisse is excited to work with Phoenix to deliver a dynamic, cross-asset index to its investors, which demonstrates our strength and experience in designing innovative solutions for our partners,” says James Masserio, managing director and Americas head of equity derivatives for Credit Suisse.
CS Tactical Multi Asset Index allocates across a selection of 10 ETFs with the goal of optimising return for a given level of risk, measured by volatility. The index offers exposure to four separate asset classes and is dynamically re-balanced and based on concepts found in modern portfolio theory. While there is no direct investment in the Index, the annuity offers accounts that can receive credits for Index performance above a certain threshold (a “spread rate”).
Accounts offering the CS Tactical Multi Asset Index will be available on Phoenix’s four core fixed indexed annuity offerings: Personal Income Annuity, Personal Protection Choice, Personal Retirement Choice and Index Select Gold Bonus. Each product will offer two new indexed accounts that track the CS Tactical Multi Asset Index, a one- and two-year point-to-point indexed account with a spread rate.
“The CS Tactical Multi Asset Index offers our customers an index with an innovative approach to asset class diversification while hedging against volatility,” says Pedersen. “This approach helps to limit the impact any single asset class can have on the overall index and in turn, provides the potential for positive returns even when one of the asset classes may experience a downturn.”

Latest News

The August data from LSEG Lipper shows that the global ETF industry held USD10,547.4 billion in assets under management on..
HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..

Related Articles

John Ciampaglia, Sprott Asset Management
Geo-political tensions and concerns about hitting clean energy targets have brought the focus back onto nuclear power in recent months,...
Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by