Hedge Cost Index August 2017

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By Ram Kelkar, Daren Lockwood, Xiaohong Mo, Adam Schenck | 07 September 2017
The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 137 bps as of the end of August 2017, up 10 bps from the previous month, driven by an increase in long-term swap interest rates.