Investment Objective
The fund invests in a broadly diversified portfolio of insurance-linked bonds referred to as cat bonds. These bonds are issued by insurance and reinsurance companies to hedge against events giving rise to claims. The risk assumed by the investor therefore is tied to clearly defined disasters (e.g. earthquakes, hurricanes). Potential counterparty or credit risks are to a large extent eliminated through the structure. The fund aims to achieve a stable return that is higher than the risk-free interest rate, with a low correlation to fluctuations in financial markets, and a low fixed interest rate exposure due to the variable interest rate component. Currency risks are hedged against the share class currency.
Performance
JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 0.3 | 0.5 | 0.7 | 0.6 | 0.8 | 0.1 | 0.2 | 0.9 | 0.1 | 0.9 | 1.0 | 0.9 | 0.8 | |
2022 | 0.8 | 0.8 | 0.6 | 0.7 | 0.3 | 0.3 | 0.9 | 0.9 | 0.5 | 0.2 | 0.8 | 0.3 | 0.7 |