UCITS cat bond fund AUM hits file $11.24bn, Schroders & Twelve surpass $3bn every

Disaster bond funds within the UCITS format have continued to expertise progress as a gaggle in early 2024, ending February with $11.24 billion in mixed belongings below administration (AUM), whereas two UCITS cat bond funds have surpassed the $3 billion milestone this 12 months.

UCITS disaster bond funds as a gaggle expanded their asset bases by 25% via calendar 12 months 2023, including a powerful 10.5% simply within the fourth-quarter of final 12 months. That took their mixed AUM to nearly $11 billion at December thirty first.

Now, simply two months into 2024, the $11 billion milestone has been surpassed, as UCITS cat bond funds as a gaggle added 2.72% to their belongings to date this 12 months, to finish February at a brand new excessive of simply over $11.24 billion.

Analyse UCITS disaster bond fund belongings below administration utilizing our charts right here.


Maybe the most important story of the primary two months of 2024, is the very fact two of the insurance-linked securities (ILS) funding managers with UCITS cat bond fund methods, have surpassed $3 billion in belongings for his or her funds in 2024.

The Twelve Cat Bond Fund surpassed $3 billion in January, so turns into the primary UCITS cat bond fund supervisor with a technique of that measurement.

By the top of February, the Twelve UCITS cat bond fund technique had reached nearly $3.06 billion, having added 5% in belongings for the reason that finish of 2023.

The Schroder GAIA Cat Bond Fund really shrank barely in January, however then reported the addition of just about $240 million in belongings simply in February 2024, which took it to nearly $3.02 billion by the top of the month, making it the second largest UCITS cat bond fund and solely the second to ever surpass $3 billion in AUM.

Conversely, the GAM Star Cat Bond Fund, which is managed by Fermat Capital Administration however provided by asset supervisor GAM, shrank by 8% over the primary two months of 2024, falling to $2.52 billion in AUM on the finish of February, now nicely down on the $2.85 billion excessive it had reached final June.

One significantly notable mover in 2024, is the Credit score Suisse (Lux) Cat Bond Fund, which has added a powerful $245.8% in belongings this 12 months, to succeed in nearly $119 million.

Whereas that’s small by comparability to the three main UCITS cat bond funds, for the Credit score Suisse technique this can be a vital improve for the technique, taking it again to an AUM stage not seen since 2019.

In 2024 to date, robust progress was additionally skilled by another cat bond fund managers, such because the HSZ Group Maneki cat bond fund which added 16%, the AXA Funding Managers Wave cat bond fund which added 12% and the Leadenhall Capital Companions UCITS ILS Fund which added 12% in belongings to date this 12 months as nicely.

It’s an total robust begin to the 12 months for UCITS disaster bond funds, though with proof of some churn at GAM.

With disaster bond issuance racing away to date this 12 months and the first-quarter now on-track to interrupt information for brand new cat bonds in greenback worth phrases, the asset managers providing UCITS cat bond fund methods ought to have ample alternative to deploy new belongings as they’re raised, suggesting additional progress for this sector is probably going this 12 months.

Analyse UCITS disaster bond fund belongings below administration utilizing our charts right here.

You too can analyse UCITS cat bond fund efficiency, utilizing the Plenum CAT Bond UCITS Fund Indices.

Print Friendly, PDF & Email

Supply hyperlink

Related Articles


Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest Articles