Hedge Cost Index November 2016

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By Adam Schenck, Daren Lockwood, Ram Kelkar, Xiaohong Mo | 06 December 2016
The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 135 bps as of the end of November 2016, down 18 bps from the previous month, driven by an increase in long-term swap interest rates.