Hedge Cost Index May 2017

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By Ram Kelkar, Daren Lockwood, Xiaohong Mo, Adam Schenck | 06 June 2017
The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 134 bps as of the end of May 2017, up 5 bps from the previous month, driven by a decrease in long-term swap interest rates.