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Subject:  Re: AXA Equitable Asset Mgt Investment Date:  6/16/2005  1:22 PM
Author:  Hawkwin Number:  46526 of 78166

<<I can't tell you how strongly I disagree with you on VA's. I have one, with American Legacy, which has underperformed by almost any measure. I blame the extra 1% fees associated with the annuity. I also have a variety of index funds, but mainly VEXMX and VGSIX which have outperformed. It appears that when you say "Index Fund" you mean an S&P emulator, whuch has underperformed of late. Check back in 20 years and we'll compare notes. I also have a bundle of American Funds>>

All VAs vary just like all mutual funds vary. Did you know that there are some excellent VAs with American Funds available? You can also pick Index funds within a VA. I don't recommend a VA unless a client meets specific criteria. I would much rather give someone a direct American Fund investment then put them in a VA but if they have never invested before in their life and they want some g