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Lincoln Financial Launches Capital Group and Vanguard Fund
Lincoln Financial this week launched LVIP American Funds Vanguard Active Passive Growth Fund, available exclusively within American Legacy and Lincoln Investor Advantage variable annuities.
The new fund combines two leading investment managers – Capital Group and Vanguard – to offer investors opportunities for diversified, long-term growth with a strategic blend of active and passive strategies through a Lincoln variable annuity.
“Lincoln continues to enhance its variable annuity products to help financial professionals meet the needs of their clients. With market volatility top of mind, the actively managed portion of the hybrid fund helps make client portfolios more agile and resilient,” said Tim Seifert, SVP, head of Retirement Solutions Distribution at Lincoln Financial. “Variable annuities can be a powerful tool for helping clients grow their future retirement income, and this new fund offers another innovative strategy to help investors reach their goals.”
The fund aims to limit downside risk and capture upside growth by seeking opportunities beyond index weighting. Capital Group’s active investing approach strives to capitalize on markets in constant motion to deliver above-average risk-adjusted results over the long term. As a passive complement, Vanguard’s index exchange-traded funds (ETFs) seek to provide broadly diversified market exposure at low cost. The strategic allocation of the fund is managed by Lincoln.
“Lincoln has brought together Capital Group and Vanguard to offer one powerful strategy for diversified growth through a Lincoln variable annuity,” said Ben Richer, SVP, head of Funds Management and chief operating officer at Lincoln Financial Investments. “Our dynamic approach to managing and monitoring the fund will allow us to position it for long-term success. We look forward to building on our decades-long relationships with both firms.”
