Hedge Cost Index October 2016

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By Adam Schenck, Daren Lockwood, Ram Kelkar, Xiaohong Mo | 04 November 2016
The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 153 bps as of the end of October 2016, down 17 bps from the previous month, driven by an increase in long-term swap interest rates.