Pioneer ILS Interval Fund

Asset manager Amundi US continued to grow its more recently launched Pioneer Cat Bond Fund strategy in the last quarter of record, with catastrophe bonds seemingly remaining the easiest strategy to raise money for, as its more reinsurance focused Pioneer ILS Interval Fund shrank a little further, albeit at a much slower rate than before.

Reflecting investor sentiment and where capital is flowing to in the insurance-linked securities (ILS) market, asset manager Amundi US has been growing its new Pioneer Cat Bond Fund strategy, but the manager’s Pioneer ILS Interval Fund has continued to shrink.

The impacts and losses to insurance-linked securities (ILS) strategies from hurricane Ian this year were a “setback” for performance, but also another chance to reflect and double-down on portfolio management processes, according to Amundi US’ Chin Liu.

The value of insurance-linked securities (ILS) held in the dedicated mutual ILS investment fund operated by Amundi US Investment Management, the Pioneer ILS Interval Fund, almost caught up with their cost in the last quarter of record.

The value of insurance-linked securities (ILS) held in the dedicated mutual ILS investment fund operated by Amundi US Investment Management, the Pioneer ILS Interval Fund, rose by 5% through the last quarter of record and the manager has highlighted an attractive market for deploying capital into.

The value of insurance-linked securities (ILS) held in the dedicated mutual ILS investment fund operated by Amundi US Investment Management, the Pioneer ILS Interval Fund, has declined by some 15% in the quarter to end of January 2022.

The dedicated insurance-linked securities (ILS) mutual investment fund operated by Amundi US Investment Management, the Pioneer ILS Interval Fund, fell to a small -0.11% loss for its last fiscal year to October 31st, as impacts from the European flooding and hurricane Ida wiped out first-half returns.

In the last quarter of record, the dedicated insurance-linked securities (ILS) mutual investment fund operated by Amundi US Investment Management allocated more of its capital into industry loss warranty (ILW) and reinsurance sidecar investments.

Amundi US Investment Management’s dedicated insurance-linked securities (ILS) mutual investment fund has increased in size again during the last quarter, reaching a record size for the strategy of $1 billion in net ILS assets as of April 30th 2021.

Amundi US Investment Management’s dedicated insurance-linked securities (ILS) mutual investment fund grew its net assets by another 7% in the last quarter of record, reaching $937 million at the end of January 2021.