Entropics signs up distributors for cat bond fund

Entropics Asset Management, the first asset manager specialising in cat bonds in Sweden, has signed two retail distribution agreements for its catastrophe bond fund’s retail share class.

The fund is now available to retail consumers through the Swedish online banks Nordnet and Avanza.

Entropics said that the explicit purpose of the fund, which opened in February 2015, is to offer a complimentary asset class to traditional portfolios, mainly consisting of equity and interest bearing bonds.

Robert Lindblom, chief executive officer of Entropics, said: “We see an increasing interest in uncorrelated asset classes from Swedish investors, partly due to concerns that the stock market is about to peak and signs of increasing correlation between different asset classes.

“The agreement with Avanza was largely due to inquiries by existing customers and we see a steady inflow of inquiries about additional distribution channels. Presently, Entropics focuses on building sufficient investment capacity to receive additional investments while keeping up our investment discipline.”