The UCITS exchange traded catastrophe bond fund (ETF) that is being launched by specialist investment manager King Ridge Capital Advisors LLC is set to be listed on three major exchanges under the ticker symbol CATB, Artemis has learned.As we reported back in October, specialist insurance-linked securities (ILS) investment manager .The company is working with UCITS ETF white-label platform provider HANetf to launch this UCITS compatible catastrophe bond fund strategy.Working with a specialist ETF white-label platform in this way provides benefits in the creation of the investment product, getting it operational, liquidity management and market maker relationships, distribution, listing applications, promotion and more.

The KRC Cat Bond UCITS ETF structure has been established as a fund entity sitting underneath the HANetf II ICAV.We understand now that the KRC Cat Bond UCITS ETF fund has already been approved by the regulator in Ireland, paving the way for its establishment and launch.As we said in that earlier articleon the strategy, being a UCITS ETF it seemed this latest UCITS cat bond fund was destined to be exchange listed and traded.

Where as, most UCITS cat bond strategies are more traditional mutual funds and not listed in this way.We’ve now learned that the plan is to actually list this new UCITS cat bond ETF on three major European exchanges.That is notable, as while there have been stock exchange listed insurance-linked securities fund strategies in the past, we’re not aware of any that have been listed on more than two at the same time (being a handful of ILS funds that listed in both London and Bermuda in the past).

The King Ridge Capital Advisors KRC Cat Bond UCITS ETF is being set up for listings on the Xetra electronic trading venue operated by the Frankfurt Stock Exchange, the Borsa Italiana and the London Stock Exchange, Artemis understands.The funds shares will have a ticker symbol of CATB.These are high-profile trading venues, all able to provide visibility and access to the cat bond fund for a wide range of investors.

In the case of the United Kingdom, for the London listing, we’ve also learned that HMRC acceptance has been received for the KRC Cat Bond UCITS ETF under the relevant reporting regime for offshore funds The exchange listings are pending in all three cases we hear.But we also understand that the first listing at least, perhaps all three, could happen as soon as December 3rd.With that date in mind, it seems the establishment of this European UCITS cat bond fund ETF is progressing at pace and it should be operational and open to investors very soon..

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