New York Life Investments, a global asset management firm, has launched a new emerging markets equity fund, the MainStay Candriam Emerging Market Equity Fund (MCYAX).
The fund will seek long-term growth through investments in equity securities of attractively valued companies with strong sustainable growth and profitability. The companies will be located in (or economically tied to) developing market countries.
Jan Boudewijns, head of emerging equity management at Candriam, said in a statement: “With volatility at historically low levels and corporate valuations remaining reasonable across developing regions, we see considerable long-term value opportunities within emerging-market equities. This new fund brings our time-tested investment approach and global capabilities to financial advisors and investors in the United States.”
Jackson National Life Insurance’s New Annuity
Jackson National Life Insurance Company has expanded its retirement product suite with a fee-based variable annuity called Perspective Advisory II (PAII). The product carries no surrender period and no withdrawal charges. It is fee-based rather than commission-based.
The PAII annuity provides institutionally priced sub-account structures—a feature that offers transparency and matches the fee-based services within advisors’ account platforms.
The annuity also features more than 130 investment options and a host of living benefits and death benefits (for an additional charge) allowing for the growth of retirement assets and a lifetime income stream.
A New Donor-Advised Fund Option