Hedge Cost Index January 2017

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By Adam Schenck, Daren Lockwood, Ram Kelkar, Xiaohong Mo | 02 February 2017
The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 123 bps as of the end of January 2017, down 1 bps from the previous month, driven by an increase in long-term swap interest rates.