American National Adds Annuity Investment Option for a Tough World

July 23, 2024 by Allison Bell

American National has come up with a financial product that could appeal to clients who have a bleak global view, or who want a more direct way to hedge against geopolitical risk.

The Houston-based insurer has joined with BNP Paribas to introduce the Patriot Technology Index.

Managers of the index will tie its performance to the prices of large- and mid-cap U.S. technology companies “identified by the U.S. government as critical and emerging technologies that help to inform national security-related activities,” American National says.

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Originally Posted at Think Advisor on July 22, 2024 by Allison Bell.