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Hedge Cost Index November 201606 December 2016 - By Adam Schenck and Daren Lockwood and Ram Kelkar and Xiaohong Mo - Article

The expected hedge cost for a hypothetical lifetime GMWB block 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.

Hedge Cost Index October 201604 November 2016 - By Adam Schenck and Daren Lockwood and Ram Kelkar and Xiaohong Mo - Article

The expected hedge cost for a hypothetical lifetime GMWB block 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.

Hedge Cost Index September 201605 October 2016 - By Adam Schenck and Daren Lockwood and Ram Kelkar and Xiaohong Mo - Article

The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 170 bps as of the end of September 2016, down 2 bps from the previous month, driven by an increase in long-term swap interest rates.

Hedge Cost Index August 201608 September 2016 - By Adam Schenck and Daren Lockwood and Ram Kelkar and Xiaohong Mo - Article

The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 172 bps as of the end of August 2016, up 4 bps from the previous month, driven by a decrease in long-term swap interest rates.

Hedge Cost Index July 201603 August 2016 - By Adam Schenck and Daren Lockwood and Ram Kelkar and Xiaohong Mo - Article

The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 168 bps as of the end of July 2016, up 3 bps from the previous month, driven by a decrease in long-term swap interest rates.

Hedge Cost Index June 201605 July 2016 - By Adam Schenck and Daren Lockwood and Ram Kelkar and Xiaohong Mo - Article

The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 165 bps as of the end of June 2016, up 17 bps from the previous month, driven by a large decrease in long-term swap interest rates.

Milliman FRM Insight: June 2016 Market Commentary: Brexit29 June 2016 - By Adam Schenck and Jeff Greco and Joe Becker - Article

Leading up to the June 23 referendum vote, markets underestimated the strength and widespread nature of the sentiment held by Britons intent on leaving the European Union.

Hedge Cost Index May 201603 June 2016 - By Adam Schenck and Daren Lockwood and Ram Kelkar and Xiaohong Mo - Article

The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 148 bps as of the end of May 2016, up 2 bps from the previous month, driven by a slight decrease in long-term swap interest rates.

Milliman FRM Insight: April 2016 Market Commentary08 May 2016 - By Adam Schenck and Jeff Greco and Joe Becker - Article

After trending down through much of February and March, US volatility leveled off in April and remained low as investors absorbed incoming quarterly earnings data.

Hedge Cost Index April 201603 May 2016 - By Adam Schenck and Daren Lockwood and Ram Kelkar and Xiaohong Mo - Article

The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 146 bps as of the end of April 2016, down 2 bps from the previous month, driven by a slight increase in long-term swap interest rates.


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