Venerable Announces Partnerships With Russell Investments And Franklin Templeton
Portfolio Pulse from Benzinga Newsdesk
Venerable Holdings has announced that its new subsidiary, Venerable Investment Advisers, plans to engage investment advisory subsidiaries of Russell Investments and Franklin Resources (Franklin Templeton) to provide sub-advisory services for Venerable Variable Insurance Trust (VVIT). The mutual funds will serve as investment options for insurance company separate accounts and will bring the management of the mutual funds underlying Venerable Insurance and Annuity Company's variable annuity business in-house.
October 16, 2023 | 12:36 pm
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Franklin Resources, also known as Franklin Templeton, is set to provide sub-advisory services for Venerable Variable Insurance Trust. This partnership could potentially increase Franklin Templeton's assets under management.
The partnership with Venerable Holdings could lead to an increase in Franklin Templeton's assets under management, which could potentially boost its revenues and profitability. This could have a positive impact on its stock price in the short term.
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