Mutual cat bond and ILS funds recover ground as hurricane Milton impact clearer
Yesterday, all of the 1940’s Act registered US mutual investment funds that allocate to catastrophe bonds and other insurance-linked securities (ILS) increased their net asset values (NAV), in some cases recovering a meaningful percentage of the declines recorded due to hurricane Milton.
As we’ve reported, one of the best ways to visualise the potential for losses and investment manager sentiment is in the daily pricing of the registered 40’s Act mutual funds that allocate solely to opportunities across the catastrophe bond,
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Read MoreUS Presidential Elections 2024: Trump leads Harris by narrow margin in THESE key swing states, poll shows
US Presidential Elections 2024: With less than four weeks until the US presidential polls, Democratic nominee Kamala Harris and Republican Donald Trump are locked in a tight race, according to the latest Emerson College and The Hill polls.
In the 2024 US Elections,
1 Cybersecurity Stock To Buy On The Dip?
Cybersecurity company SentinelOne (NYSE:S) has seen its stock drop by about 12% YTD, following a broader slump among cybersecurity companies.
This dip, contributed to by both high valuations and market disillusionment after Crowdstrike’s disastrous July outage, has wiped out value for some shareholders while potentially creating opportunities for others.
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Read MoreDow Jones recovers all of Tuesday's losses but Nasdaq sulks on rotation out of Megacaps
US markets ended higher on Wednesday but the Dow Jones emerged as the outperformer as investors chose to rotate out of Megacap tech stocks into banking names and smallcap stocks.
The Dow Jones gained nearly 350 points overnight, recovering all the losses it had during Tuesday’s trading session to end at a record closing high.
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The Ivy
Russian Ruble Crashes, The BIG Winner Is…
The international response to the Russian invasion of Ukraine has been rapid and stern. In addition to individual sanctions placed on Putin and much of his cabinet, the Russian banking system has been crippled by having its assets frozen and exclusion from the SWIFT network relied on by international banks for secure data transmission. The effects could be wide-ranging and have repercussions far into the future.
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