Goldman Sachs launches tradeable mortality index
Goldman Sachs has launched a tradeable mortality index based on a pool of US senior citizens.
QxX is the first in a series of indexes, Goldman Sachs said, but it refused to provide details of future indexes. Nor did it address one of the largest problems with trading longevity - the issue of basis risk between the traded hedge, normally a population-wide longevity index, and the hedged exposure, such as clients of a particular pension fund.
See also: A long way to go
PensionsFirst aims to trade pension fund longevity risk
JP Morgan launches longevity index
Time of life
CSFB launches longevity index
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