Amundi U.S. recently commemorated significant anniversaries for two funds focused on Insurance-Linked Securities and Catastrophe Bonds. These markets have experienced rapid growth, offering investors valuable diversification and alternative income opportunities within the fixed-income space.
“We have been pleased with investor reception for this asset class and acknowledgment of potential investment benefits of allocating to the market segment,” said Jonathan Duensing, Head of Fixed Income at Amundi U.S.
The Pioneer CAT Bond Fund reported an annualized total return of 14.44% as of January 31, 2025. The fund now manages assets exceeding $700 million. Its performance has remained consistently strong, with a one-year return of 14.23% and a six-month return of 9.13%. This performance highlights the growing demand for catastrophic bonds, a sector increasingly viewed as an attractive fixed-income alternative.
The Pioneer ILS Interval Fund achieved an annualized total return of 5.21% through January 31, 2025. The fund currently manages $652 million in assets. Over the past year, it delivered a return of 15.81%, while its five-year annualized return stands at 8.34%. These results underscore the value of ILS as a means of portfolio diversification and a reliable alternative income source.
“We continue to believe both of these differentiated fund offerings are attractive options for investors seeking alternative income solutions,” said Chin Liu, Director of Insurance-Linked Securities and Fixed Income Solutions at Amundi U.S.
Pioneer CAT Bond Fund
Cumulative Returns
- 1 – month: 0.46%
- 3-month: 3.03%
- 6 months: 9.13%
Average Annual Total Return
- 1-year: 14.23%
- Since Inception in 1/26/2023: 14.44%
- Gross Expense Ratio: 2.12% / Net Expense Ratio: 1.51%
Pioneer ILS Interval Fund
Cumulative Returns
- 1-month: 1.34%
- 3-month: 2.50%
- 6-month: 7.58%
Average Annual Total Return
- 1-year: 15.81%
- 5-year: 8.34%
- 10-year: 5.24%
- Since Inception on 12/17/2014: 5.21%
- Expense Ratio: 1.95%
With favorable market conditions, Amundi U.S. is well-positioned to continue its leadership in the ILS and CAT bond markets. The increasing demand for alternative investment solutions, coupled with the continued growth of these sectors, offers investors compelling opportunities for portfolio diversification and enhanced income.
