Hedge Cost Index September 2015

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By Adam Schenck, Daren Lockwood, Ram Kelkar, Xiaohong Mo | 06 October 2015
The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 131 bps as of the end of September 2015, up 10 bps from the previous month, driven by a decrease in long-term swap interest rates.