Annuities
Asset Allocation
Variable annuities allow you to easily diversify the underlying investments among stocks, bonds and money market portfolios1. Research has shown it is the weighting of asset classes, rather than individual investments, that will largely determine the difference in performance among long-term investments. 2
American economists Harry Markowitz, William Sharpe, and Merton Miller shared the Nobel Prize in 1990 for their pioneering work in asset pricing and allocation. They showed that each investment carries a quantifiable risk and expected rate of return. By diversifying assets, a portfolio may have a higher return potential with a lower level of risk than the portfolio's components would achieve separately.
1 Asset allocation does not guarantee a profit or protect against a loss.
2 Brinson, Hood and Beebower, 1991.
Variable annuities are sold by prospectus only, which contains complete information on charges and expenses. Investors should consider the investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus contains this and other information and can be obtained by contacting your Morgan Stanley Smith Barney advisor. Please read the prospectus carefully before you invest.
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with SBHU Life Agency, Inc. Citi Personal Wealth Management, MyFi, and Citi Private Bank offer insurance products in conjunction with Citigroup Life Agency LLC.
Please contact your advisor for more information about available products, services and research.
For more information, please contact your Financial Advisor.