Allianz Life Insurance Company of North America (Allianz Life®), a leading provider of fixed index annuities (FIAs), recently announced the launch of the PIMCO Tactical Balanced Index as an allocation option on Allianz 360SM Annuity and Allianz 222® Annuity. This new index dynamically allocates daily between the S&P 500® Index, a bond component comprised of the PIMCO Synthetic Bond Index with a duration overlay, and cash. The PIMCO Tactical Balanced Index leverages the expertise of PIMCO to manage volatility.
One of several indexes available on select Allianz FIAs, the PIMCO Tactical Balanced Index is being offered exclusively to Allianz Life through 2020. The PIMCO Tactical Balanced Index allocation option is available with annual point-to-point crediting method with either a cap or a spread.
“Allianz Life offers unique index allocations within our FIAs and we are fortunate to partner with PIMCO giving customers another strategic option for their assets,” said Allianz Life Vice President of Product Innovation Matt Gray. “The PIMCO Tactical Balanced Index may help combat market volatility by dynamically allocating between the equity component, the bond component, and cash to stabilize index performance over time. Additionally, the duration adjustment is an innovative feature that could potentially help customers benefit from steadily rising interest rates.”
The PIMCO Tactical Balanced Index provides potential benefits to customers by offering a balanced approach during periods of volatility, the ability to potentially benefit from interest rate trends, and attractive long-term return potential.
“We are very excited that Allianz Life chose the PIMCO Tactical Balanced Index,” said Josh Davis, Executive Vice President and portfolio manager for PIMCO. “The index uses an innovative asset allocation framework that aims to provide a stable risk profile through constantly evolving equity and interest rate market environments.”
For more information about the full suite of Allianz Life annuities, visit www.allianzlife.com.
