The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 140 bps as of the end of January 2016, up 16 bps from the previous month, driven by a sharp decrease in long-term swap interest rates.
The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 140 bps as of the end of January 2016, up 16 bps from the previous month.