The City National Rochdale Select Strategies Fund, a US mutual insurance-linked securities (ILS) fund focused on investments into industry-loss warranties (ILW’s) and industry-index trigger catastrophe bonds, saw slight growth through the latest quarter of record, ending April 2024 with approximately $227.4 million of net assets.
It now puts the ILW and index-triggered reinsurance investment focused fund strategy up more than 9% in the last year, but still growth has been slow for this particular mutual ILS fund strategy.
It is a unique investment opportunity though, being the only one of the registered mutual ILS investment funds on offer that has a specific focus on index-trigger instruments, from ILW’s to industry-loss cat bonds.
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