Variable annuity provider Jefferson National is adding more alternative mutual fund products to its lineup in anticipation of greater advisor adoption of these hot strategies.
Specifically, Jefferson National is adding the new BCM Decathlon Series of three, quantitative, ETF-based strategies; the Power Income VIT from W.E. Donoghue & Co; and the Hatteras Alpha Hedged Strategies Fund, a daily liquid, fully transparent fund of funds offering exposure to multiple hedge fund managers and strategies.
The firm is also adding the Invesco VI Balanced-Risk Allocation II, the Legg Mason Dynamic Multi-Strategy VIT II, the Janus Aspen Protected -- Growth Portfolio, the Fidelity VIP FundsManager portfolios; and three ETF-based Target Date Funds from Wilshire Funds Management.
"A growing number of RIAs and fee-based advisors are using alternatives to achieve greater diversification and downside protection in this challenging market--and our surveys show that nearly two-thirds of advisors think alternatives will become more important than traditional asset classes," stated Laurence Greenberg, president, Jefferson National.
"But as we recently discussed with a panel of industry experts at the NAPFA National Conference, for many advisors tax-inefficiency can be a big barrier to using alternatives. Our latest addition of alternative strategy investment options goes right to this point."