The mark-down was much less than the broader market index
UCITS cat bond fund index only fell 0.42% on hurricane Milton | | | UCITS cat bond fund index only fell 0.42% on hurricane Milton  It's now clear that catastrophe bond funds fell far less than the market benchmark on the first pricing after hurricane Milton, with the Plenum CAT Bond UCITS Fund Indices only falling 0.42% at Friday October 11th and the majority of cat bond funds absorbing the initial mark-to-market impacts of the storm within two weeks of returns. UCITS fund managers operating catastrophe bond strategies will have marked their positions and NAVs based on post-Milton cat bond pricing. The upshot was a just -0.42% movement in the Plenum Master Average UCITS cat bond fund index, with declines averaging -0.25% for lower risk cat bond funds and -0.52% for the higher-risk funds. Read the full story. | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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