ILS funds give meager returns as cat bond spreads widen
Posted On: Jul. 6, 2022 9:43 AM CST
According to Eurekahedge ILS Advisers Index, insurance-linked securities funds yielded an average return of 0.05% in May, with the underperformance blamed on further widening of catastrophe bond spreads, Artemis reported. The widening spreads adversely affected pricing in the primary and secondary markets, dampening ILS fund returns.