Because your investment is not in a single security but in a portfolio
of different asset types (stocks, bonds, fixed-interest, property,
etc), there are no typical "share" prices. The unit price they quote
is a "share" of the particular investment portfolio you selected and
will fluctuate in value directly according to the fluctuations of the
underlying assets.
So for your purposes, you own X number of units and you can find out
at any time the current unit price (and thus calculate the value of
your investment).
If you're interested in actually finding out the price of the
underlying assets in the investment portfolio you have units in, then
you'd need to contact AIG for details. For most managed (non-index)
portfolios you can find out approximate proportions of the type of
each asset (e.g. stocks vs bonds vs property trusts vs CD's etc) but
you normally don't have direct access to the day-to-day amounts of
each specific security or asset. You'd have to inquire through your
AIG representative.
Here's some extra information from the page explaining your investment:
<<<
When you invest in a variable annuity, your contributions are directed
into your choice of variable investment options, which are subaccounts
of the insurance company's "separate account" for annuity investments.
Each subaccount invests in an investment portfolio created
specifically for that variable annuity, and managed by investment
professionals.
Instead of shares, you purchase "units of interest," and the value of
these units rises and falls according to the performance of the
subaccount's investment portfolio.
>>>
Ref: http://www.valic.com/valic2003/aigvalic.nsf/contents/edu_type-ann |
