UCITS catastrophe bond funds average 4.72% return for H1 2024

A strong performance and recovery in June as catastrophe bond spreads largely came back into line has helped the first-half 2024 average return of UCITS catastrophe bond funds reach 4.72%, according to the Plenum CAT Bond UCITS Fund Indices.

As we reported after May, the catastrophe bond spread widening that was seen had dented returns for that month, which meant the year-to-date return for the Plenum UCITS Cat Bond Fund Index average was slightly lower at 3.84% by the end of last month.

But June has seen the Plenum CAT Bond UCITS Fund Indices rising by 0.86%, on average across the cat bond funds that it tracked.

Which has lifted the year-to-date performance, for the first-half of 2024, up to 4.72%.

Analyse cat bond fund performance using the Plenum CAT Bond UCITS Fund Indices, which tracks the performance of a basket of cat bond funds structured in the UCITS format and provides a broad benchmark for the performance of cat bond investment strategies.

Click the chart below for an interactive version and index development by week.

Notably, 4.72% is already the fourth highest annual return in the history of Plenum’s UCITS catastrophe bond fund Index.

Lower risk UCITS cat bond funds averaged 4.47% for the first-half of this year, while the higher risk cat bond fund strategies averaged 4.87%.

The rolling 12 month return for the cat bond fund index now stands at 11.21% for the average, 11.96% for the capital weighted version of this Index.

Analyse UCITS cat bond fund performance, using the Plenum CAT Bond UCITS Fund Indices.

Analyse UCITS catastrophe bond fund assets under management using our charts here.

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