U.S. variable annuities attracted $8.2 billion more in cash than they lost during the second quarter, up from a net inflow of $5.2 billion for the second quarter of 2005.
The National Association for Variable Annuities, Reston, Va., has published that data in a report based on its quarterly VA sales survey.
The percentage of cash flowing into equity options increased to 59%, from 56%, while the share going into fixed accounts fell to 21%, from 24%, according to NAVA.
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
