NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Pacific Life today announced two new portfolios to diversify its variable annuity investment lineup designed to meet today’s consumer needs: PLFA ESG Diversified Portfolio and JPMorgan Hedged Equity Portfolio. Both are available to consumers who purchase certain variable annuities from Pacific Life and are eligible for investment with an optional living benefit.
Managed by Pacific Life Fund Advisors (PLFA), the PLFA ESG Diversified Portfolio is designed for clients who want to make a positive impact on the world by investing in companies focused on ESG (environmental, social, and governance) issues such as climate change, human rights, and employee diversity.
“Investors across all demographics want to drive positive change for the broader world,” said Max Gokhman, head of asset allocation at PLFA. “However, they are not willing to sacrifice returns, take on additional risk, or pay a premium to do so. We’re excited to launch a turnkey ESG solution that elegantly addresses investors’ financial and sustainability objectives. The PLFA ESG Diversified Portfolio is pushing the industry forward by creating the first rider-eligible ESG multi-asset product, the first open architecture fund-of-ESG-funds, and the first ESG product to combine active and passive management that will welcome clients to the paradigm of Inspired Investing.”
For investors looking to participate in upward-trending markets and protect against declines, the JPMorgan Hedged Equity Portfolio provides a clearer picture of what they can expect on a quarterly basis, giving investors the confidence to stay invested long-term. Managed by the same experienced team that oversees the retail Morningstar Silver Analyst-rated mutual fund, this portfolio is designed to deliver approximately half the volatility of the S&P 500® index, with a risk profile similar to a portfolio of 60 percent stocks, 40 percent bonds.1
“Regardless of the environment, investors demand a flexible experience when it comes to managing risk,” says Hamilton Reiner, portfolio manager and Head of U.S. Equity Derivatives at J.P. Morgan Asset Management. “We expect strong demand for JPMorgan Hedged Equity Portfolio and are pleased Pacific Life clients will have access to the strategy. Investors are seeking solutions designed for capital appreciation, and a hedged investment experience allows clients to get invested and stay invested no matter the state of the market.”
For more information about the PLFA ESG Diversified Portfolio or JPMorgan Hedged Equity Portfolio, financial professionals are invited to contact a Pacific Life consultative wholesaler at (800) 722-2333 or visit Annuities.PacificLife.com.
1 Source: Morningstar, 9/10/20. JPMorgan Hedged Equity Fund I Shares
About Pacific Life
For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and was named one of the 2021 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial-strength ratings, visit www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2020 is compiled by Pacific Life using the 2020 FORTUNE 500® list.
Pacific Life is unaffiliated with Morningstar.
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
You should carefully consider a variable annuity’s risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment goals of the underlying investment options. This and other information about Pacific Life are provided in the product and underlying fund prospectuses. These prospectuses are available from your financial professional or at PacificLife.com. Read them carefully before investing.
Variable annuities are long-term investments designed for retirement. The value of the variable investment options will fluctuate so that shares, when redeemed, may be worth more or less than the original cost.
Optional benefits are available for an additional cost.
Pacific Life Fund Advisors LLC (PLFA), a wholly owned subsidiary of Pacific Life Insurance Company, is the investment adviser to the Pacific Select Fund (PSF). PLFA directly manages certain PSF funds-of-funds.
The JPMorgan Hedged Equity Fund is a retail mutual fund. Although managed by the same money manager, this fund may not have the same underlying holdings or performance as the retail mutual funds. Investment results may be higher or lower. For more information about the fund and the Morningstar Analyst Rating, visit https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-hedged-equity-fund-i-46637k281.
Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.
Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA), and an affiliate of Pacific Life & Annuity Company, and are available through licensed third parties.