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    • Strong Stock Market Pushes Up Annuity Assets

    October 1, 2024 by Allison Bell

    Stock market gains and retirement savers’ good feelings about stock funds pushed up U.S. asset totals in the second quarter.

    The overall total increased by 4.1% between the second quarter of 2023 and the latest quarter, to $2.4 trillion, according to the Investment Company Institute.

    Fixed annuity assets fell 4.3%, to $551 billion.

    Variable annuity assets increased by 6.8%, year over year, to $1.9 trillion.

    Click HERE to read the full story via Think Advisor

    Originally Posted at Think Advisor on September 24, 2024 by Allison Bell.

    Categories: Industry Articles
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