For Plenum CAT Bond Fund, launched in September 2010, the term “Defensive” was added to its fund name. Everything else remains unchanged. The name change will come into effect on May 3rd.
Dirk Schmelzer, Head Portfolio Manager ILS/CAT Bonds and Partner at Plenum Investments AG, explains: “As we offer two funds with different risk/return profiles in the CAT Bond segment, we have decided to include a reference to the fund positioning into the fund name. This will help to differentiate it from the existing Plenum CAT Bond Dynamic Fund, which targets market average risk. The investment objective of the Plenum CAT Bond Defensive Fund is to pursue a reduction of the market tail risk by up to 50%. The Plenum CAT Bond Defensive Fund is therefore one of the most conservative CAT bond funds in the world.”
Dr. Rainer Grünig, CEO and Managing Partner, adds: “The new name will provide more transparency and help investors to compare the fund with peers. Our decision to change the fund name serves solely to improve the fund’s differentiation among CAT Bond funds.”
The investment strategy, risk positioning, any other investment as well as its regulation and distribution remain unchanged. The track record also remains unaffected by this measure.
Dr. Rainer Grünig: “On behalf of the entire Plenum team, I would like to take this opportunity to thank all those who have made the success of our USD 1 billion CAT Bond Fund product line possible.”
For further information, please contact us.
Kind Regards
Your Plenum-Team
Der Beitrag Press Release: Name Change – Plenum CAT Bond Fund becomes Plenum CAT Bond Defensive Fund erschien zuerst auf Plenum Investments.