The combined assets under management of the main catastrophe bond funds in the UCITS format have now surpassed $12 billion for the first time ever, nearing $12.2 billion by the end of May 2024 and now having risen by over 11% so far this year.
Catastrophe bond funds in the UCITS format have experienced strong growth over the last year, with their combined cat bond assets under management (AUM) now up by 25% over the last twelve months.
The larger cat bond funds continue to lead the way, with the three biggest UCITS cat bond fund strategies contributing $8.7 billion of the total, or 72% of the total assets under management across the group of 16 UCITS cat bond funds.
While the group of the three largest cat bond funds has not grown at the same pace as the overall, this is due to Fermat Capital Management having launched its own-branded UCITS cat bond fund strategy this year, which has been growing strongly.
FULL ORIGINAL PUBLICATION HERE
