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mutual funds with the same names and essentially identical portfolios as the subaccounts offered within annuities. The value of an annuity fluctuates as a result .
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These sub-accounts are the functional equivalent of mutual funds, specializing in equities, bonds, or a combination of the two. The accumulation account can .
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The majority of sub-accounts are clones of popular mutual funds, and are even managed by the same teams of professionals overseeing the identically named .
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