[private]Hurricane Michael, the thirteenth named storm and seventh hurricane of the 2018 Atlantic hurricane season, made landfall in Panhandle, Florida on 11 October as a category 4 hurricane, making it the second major hurricane of the 2018 Atlantic season, after Florence…..
According to the fund manager, the AXA IM WAVe Cat Bonds Fund currently holds 46 assets exposed to Florida Hurricane risk (around 58% of the NAV).
Given the current level of information they have, they believe that in the worst simulated scenario 1 or 2 instruments might be impacted and the overall impact on the fund should be limited to a few basis points…..
Through the below link you access to the fund manager’s event report.
Access the Report
The WSP Team[/private]