The Brookmont Catastrophic Bond ETF will list on the New York Stock Exchange (NYSE) tomorrow April 1st under the ticker symbol ILS, making the catastrophe bond and insurance-linked securities (ILS) investment opportunity more accessible to a broader range of investors. It is an actively managed ETF that, under normal circumstances, will invest at least 80% of its net assets in catastrophe bonds
It will cover risks ranging from Florida hurricanes and California earthquakes to Japanese typhoons and European storms, according to the prospectus filed with the U.S. market regulatory authority
The catastrophe bond market, dominated by U.S. issuances, is currently valued at approximately $50 billion. As outlined in the prospectus, it is an actively managed ETF that, under normal circumstances, will invest at least 80% of its net assets in catastrophe bonds. It will not have restrictions on specific issuances, risks, or geographic exposure. However, the document notes that at times, the fund may have a relatively higher exposure to U.S.-related risks.
Additionally, it may occasionally have a greater concentration in Florida hurricane-related catastrophe bonds than in other regions or risks due to the higher availability of such investments relative to the global market. The market, dominated by U.S. issuances, is currently valued at approximately $50 billion, according to Bloomberg.
TOP Holdings FOR ‘ILS’
- Marlon 2024-1A
- 3264 Re 2023-1A
- Sanders Re III 2024-3A
- Wrigley Re 2023-1A
- IRBD 136 Jamaica
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