MetLife Inc. has added the Multi-Index Targeted Risk Portfolio to the MetLife Protected Growth Strategies lineup, available through its variable annuities with the GMIB Max and EDB Max optional benefit riders.
Protected Growth Strategies seek to give consumers more consistent returns over time, by responsively managing market risk and identifying opportunities for growth across global asset classes.
MetLife says the Multi-Index Targeted Risk Portfolio combines a multi-index asset allocation approach with a risk management strategy. Specifically, the portfolio consists of a base portion investing in index portfolios, coupled with a volatility overlay that uses an objective, rules-based approach to help manage the portfolio’s volatility. MetLife Investment Management LLC—a subsidiary of MetLife Inc.—is responsible for managing the volatility overlay.
MetLife adds that, in 2011, it was the first insurer to introduce investment options available with the optional benefit riders that expanded beyond traditional asset allocation, to include more asset classes and a stronger focus on risk. The new portfolios’ key characteristics include risk-managed, professionally managed, and responsively managed options.
