#373 | 2023 Mid-Year Engineered Index Observations – Part 1

prairie dog looking around standing on its hind legs

Quick Take Despite the slick marketing material and splashy names, the reality is that the vast majority of engineered indices have followed the same basic structure - low volatility targets, high reliance on long-duration fixed income, Excess Return architecture and embedded fees (decrements). These characteristics were a blessing for insurers concerned with maximizing illustrated performance […]