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UCITS Catastrophe Bond Funds – assets under management

These charts display the growth of assets under management held in UCITS catastrophe bond funds.

The UCITS (or Undertakings for the Collective Investment in Transferable Securities) fund format has become a significant structure in the catastrophe bond fund investment market, offering investors regular liquidity and more transparency, while meeting the necessary European rules to qualify under the UCITS framework.

plenum-investments-logoHere, with the help of our kind partner Plenum Investments AG, a specialist insurance-linked securities (ILS) investment manager, we have aggregated UCITS cat bond fund data and made it available to our readers, to help them analyse and track growth in assets of the UCITS cat bond fund sector.

In recent years, UCITS cat bond funds have experienced significant inflows of capital from investors and UCITS cat bond fund managers have seen their assets under management increase as a result.


UCITS cat bond funds – a growing part of the insurance-linked securities asset class

With catastrophe bond issuance strong over the last few years, reaching a record level again in 2021 and continuing apace in 2022, the cat bond investment fund market has grown to support this expanding issuance.

As a result, the main UCITS catastrophe bond funds have been growing rapidly, with some experiencing particularly rapid expansion of their cat bond assets under management.

At the end of 2021, the assets under management (AuM) of the main UCITS cat bond fund strategies increased to a new high at US $8.63 billion. That figure had risen further to almost $8.77 billion at the end of H1 2022, but the third-quarter saw a decline that was accelerated by hurricane Ian, with UCITS cat bond fund assets dropping -7.9% to just over $8.08 billion at the end of September 2022.

UCITS cat bond fund assets under management have still increased by 48% since the end of 2019.

UCITS catastrophe bond fund assets under management – By year

Our first chart displays the assets under management of UCITS catastrophe bond funds by year, with all figures cited as of year-end. In addition, the current year is updated on a quarterly basis, so this figure is accurate to the end of the prior quarter.

UCITS catastrophe bond fund assets under management – By month

Our second chart on UCITS cat bond fund AuM displays the total by month, which makes for a more granular view of UCITS catastrophe bond fund sector growth.

This by month view, also enables you to see periods where UCITS cat bond fund AuM may have dipped due to catastrophe loss activity, or because of outflows (including outflows during the early months of the COVID-19 pandemic). It also shows more clearly periods of more significant investor inflow to the UCITS cat bond fund sector.

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* Estimated figures.

The data to create these charts is taken from a number of public sources where UCITS catastrophe bond funds and their assets under management are listed, with the support and assistance of Plenum Investments AG.

Every effort has been made to include all relevant UCITS cat bond funds, to accurately reflect the size of the UCITS catastrophe bond fund market and the amount of cat bond risk capital currently provided by the UCITS cat bond fund class.

If you notice any errors or omissions please contact us.

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