Plenum Investments news

The cohort of lower-risk catastrophe bond funds in the UCITS format are still leading the way year-to-date in 2025, with an average 3.06% return to June 27th. But the higher-risk cohort of cat bond funds are now narrowing the gap, as impacts from wildfire and aggregate losses and mark-to-market adjustments move further into the past.

Plenum Investments AG, the Swiss based specialist manager of catastrophe bond and insurance-linked securities (ILS) funds, has hired Raphael Kron, an executive with significant experience advising institutional clients in the region, as well as specific cat bond expertise.

With UCITS catastrophe bond funds delivering positive returns to their investors for the month of May, it has helped to lift the trailing twelve-month return for the UCITS cat bond fund sector back to an average of 12%, according to the latest data from the Plenum CAT Bond UCITS Fund Indices.

We’ve published this article as an earlier piece on UCITS catastrophe bond fund performance was incorrect, there was an error in the data we received. Based on new data, the average return of UCITS cat bond funds tracked by the Plenum CAT Bond UCITS Fund Indices was flat at the first pricing in May, but […]

The average return of UCITS catastrophe bond fund strategies was 1.38% for the first-quarter of 2025, according to the Plenum CAT Bond UCITS Fund Indices. But lower-risk cat bond funds led the way by averaging 1.50% for the period as a group, as they generally had less exposure to the California wildfire cat bond mark-downs.

Catastrophe bond fund strategies in the UCITS format averaged another month of positive returns in February 2025, but the difference between lower-risk strategies that tended not to have as much exposure to the recent California wildfires and higher-risk funds that tended to be more exposed to the loss event, was clear.

Catastrophe bond fund strategies in the UCITS format averaged positive returns for the month of January 2025, despite the effects of wildfire related mark-downs to exposed positions, according to the latest data from the Plenum CAT Bond UCITS Fund Indices.

The Los Angeles, California wildfires have had a minimal effect on the Plenum CAT Bond UCITS Fund Indices, as the write-downs in value of exposed positions for the sector manifest largely in reduced gains being made, although resulting in a very slight decline for the Index representing the lower-risk cohort of catastrophe bond funds.

A new study by specialist manager of catastrophe bond and insurance-linked securities (ILS) funds, Plenum Investments, has revealed that a lower expected loss of a portfolio should not always be considered a key indicator of a fund’s level of risk, in comparison to other funds.

Catastrophe bond fund strategies in the UCITS format have averaged a 13.62% return for full-year 2024, according to the latest data from the Plenum CAT Bond UCITS Fund Indices.