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 .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 .But June has seen the 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 , 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.

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