Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Annuities > Variable Annuities

NAVA Reports Higher 3Q VA Sales

X
Your article was successfully shared with the contacts you provided.

U.S. variable annuities attracted $9.3 billion more in cash than they lost during the third quarter, up from a net inflow of $4.7 billion for the third 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 and allocation options increased to 69%, from 65%, while the share going into traditional fixed accounts fell to 20%, from 24%, according to NAVA.

Total net assets increased to $1.3 trillion Sept. 30, from $1.2 trillion a year earlier.


NOT FOR REPRINT

© 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.