Podcast Center
Video Center
Webcasts
Resource Center
Events
August 25, 2003 at 08:00 PM
NU Online News Service, Aug. 25, 2003, 1:44 p.m. EDT – AEGON Institutional Markets, Louisville, Ky., is reporting $6.3 billion in sales of stable value investment products for the first half, up from $5.6 billion for the first half of 2002.
AEGON’s stable value balances increased to $37 billion June 30, from $31 billion a year earlier.
Other companies have reported drops in sales of other fixed-rate products, such as fixed annuities, but AEGON Institutional says strong sales of stable value products to participants in retirement plans and 529 college savings plans helped its results.
