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UCITS cat bond fund belongings develop by 4% to succeed in $11.4bn in Q1 2024

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The belongings beneath administration of the principle disaster bond funds within the UCITS format elevated by 4% over the first-quarter of 2024, to succeed in a brand new excessive of just about $11.4 billion by the tip of the interval.

Disaster bond funds within the UCITS format have been rising quickly over the past yr, with their belongings beneath administration (AUM) now up by greater than 21% over the past yr.

At 76% of the full virtually $11.4 billion in UCITS cat bond fund AUM, the three largest funds now make up a big proportion of this market section.

Nonetheless, over the past yr the AUM of these three largest UCITS cat bond funds as a gaggle has solely elevated by 15%, so was outpaced by the general section development in the identical interval.

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The $11 billion in mixed belongings milestone was handed earlier this yr and general belongings have continued to increase, with a mixture of capital elevating and money era taking the group of UCITS disaster bond funds to virtually $11.4 billion at March thirty first 2024.

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

Catastrophe bond fund UCITS assets end of March 2024

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The most important gained for 2024 to date, in proportion phrases, is the Credit score Suisse Insurance coverage-Linked Methods managed Credit score Suisse (Lux) Cat Bond Fund, which added virtually 218% to its belongings within the first-quarter of the yr, to finish the interval with roughly $110 million in AUM.

After that, the Leadenhall Capital Administration operated Leadenhall UCITS ILS Fund added over 22% in belongings to succeed in virtually $750 million in measurement on the finish of March.

In greenback phrases, the most important gainer for Q1 2024 was the Schroder Capital managed GAIA Cat Bond Fund, which added $283.6 million in belongings.

Because of this, on the finish of Q1, the Schroder UCITS cat bond fund was the most important available in the market, with over $3.114 billion in belongings beneath administration.

The Twelve Cat Bond Fund, managed by Twelve Capital, was subsequent at simply just below $3 billion, adopted by the Fermat Capital managed GAM Star Cat Bond Fund which has shrunk just a little additional within the quarter to virtually $2.53 billion.

Elsewhere, there was notable 19% development for the HSZ Group’s Maneki UCITS Cat Bond Fund, 17% asset development for the Solidum CAT Bond Fund, 15% for the AXA Funding Managers WAVe Cat Bond Fund and eight% for the Plenum Dynamic Cat Bond Fund.

Lastly, the Icosa Cat Bond Fund, managed by former Twelve government Florian Steiger beneath his new funding advisory agency Icosa Investments, had surpassed $30 million in belongings by the tip of March since its launch in early January.

As we additionally reported this week, UCITS disaster bond funds as a gaggle delivered a 3.65% return for the first-quarter of 2024, persevering with the robust efficiency of the earlier yr.

With the disaster bond market pipeline nonetheless bulging and the cat bond market yield nonetheless at a traditionally excessive degree, we anticipate there will probably be additional development for the group of UCITS cat bond funds over the second-quarter of this yr.

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

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

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