UK $1 Trillion Asset Manager Schroders & Thailand $30 Billion Krungthai Asset Management Launches 2 Catastrophe Insurance-Linked Bond Funds for UHNW Clients, 1) KTAM Catastrophe Bond Fund & 2) KTAM Catastrophe Bond Fund Unhedged, Catastrophe Bond Index (Swiss Re Global Cat Bond Index) +7.6% Annualized Return in Last 23 Years (Since 2002)
24th November | Hong Kong
UK asset manager Schroders ($1 trillion AUM) & Thailand Krungthai Asset Management ($30 billion AUM) have launched 2 catastrophe insurance-linked bond funds for UHNW clients (Ultra high net worth) in Thailand – 1) KTAM Catastrophe Bond Fund & 2) KTAM Catastrophe Bond Fund Unhedged. The key catastrophe bond index (Swiss Re Global Cat Bond Index) generated +7.6% annualized return in last 23 years (Since 2002). Announcement (24/11/25): “Schroders, a global leader in active asset management, in partnership with Krungthai Asset Management, today announced the launch of KTAM Catastrophe Bond Fund Not for Retail Investors and KTAM Catastrophe Bond Fund Unhedged Not for Retail Investors in Thailand, providing Thai ultra-high net worth clients with access to one of the world’s most differentiated and uncorrelated asset classes, insurance-linked securities (ILS). The open-ended funds are now available for ongoing subscription, giving investors continued access to the global catastrophe bond market through the Schroder IF Flexible Cat Bond Fund, which serves as the master fund. The launch marks an important milestone in expanding access to global ILS opportunities, an asset class that plays a unique role in portfolio diversification. ILS, which includes catastrophe bonds or “cat bonds”, offers investors an opportunity to earn income streams that are largely independent of broader economic cycles. Returns are linked to the occurrence or nonoccurrence of predefined natural events such as hurricanes or earthquakes, which tends to show low correlation with traditional asset classes such as equities or fixed income based on historical data. Since 2002, the Swiss Re Global Cat Bond Index has generated annualised returns of approximately 7.6 percent (as of 30 September 2025), consistently outperforming most major asset classes except global equities, while maintaining much lower volatility. The resilience of ILS has been further reinforced by their ability to recover swiftly following severe weather events, as the reinsurance market adapts and reprices risk to sustain yield potential. The Schroder IF Flexible Cat Bond strategy, which manages over US$877 million, leverages Schroders Capital’s deep expertise in ILS. The ILS team comprises 37 specialist investment professionals with nearly 15 years of track record across ILS instruments. Thai investors will benefit from institutional oversight and a Luxembourg vehicle, ensuring robust governance and industry-leading standards. The strategy forms part of Schroders Capital’s Private Debt and Credit Alternatives (PDCA) platform, which manages over US$30 billion globally and leverages the firm’s expertise across private credit and alternative income.”
“ UK $1 Trillion Asset Manager Schroders & Thailand $30 Billion Krungthai Asset Management Launches 2 Catastrophe Insurance-Linked Bond Funds for UHNW Clients, 1) KTAM Catastrophe Bond Fund & 2) KTAM Catastrophe Bond Fund Unhedged, Catastrophe Bond Index (Swiss Re Global Cat Bond Index) +7.6% Annualized Return in Last 23 Years (Since 2002) “
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Katherine Cox, Head of Client Group, South Asia and Global Official Institutions, Schroders: “We are delighted to partner with Krungthai Asset Management to offer our Cat Bond strategy for Thailand’s ultra-high net worth investors. The strategy’s performance over the past three years underscores the appeal of insurance-linked securities as a source of diversification and resilient income for investors. The momentum in the catastrophe bond market remains strong, supported by sustained investor demand and disciplined pricing. As monetary conditions ease and private wealth investors seek stability and returns, we are strategically positioned to capture these market dynamics while delivering institutional-grade solutions that strengthen portfolio resilience for investors.”
Chavinda Hanratanakool, Chief Executive Officer, Krungthai Asset Management: “Natural disasters are growing more severe, with significant impacts on lives, property and economies. However, they also present unique investment opportunities through risk transfer via Catastrophe Bonds. We are pleased to partner with Schroders, a specialist in this field, to bring Catastrophe Bond funds to Thai investors – offering diversification benefits and attractive return especially as these assets have low correlation with mainstream investments during periods of market volatility.”
Schroders plc – Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £776.6 billion (€906.6 billion; $1064.2 billion) of assets under management at 30 June 2025. As a UK-listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 5,800 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Principal Shareholder Group continues to be a significant shareholder, holding approximately 44% of the issued share capital. Schroders’ success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate. Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.
Schroders Capital – Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates. The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity. With $111 billion (£81 billion; €94.5 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).
UK $1 Trillion Asset Manager Schroders & Thailand $30 Billion Krungthai Asset Management Launches 2 Catastrophe Insurance-Linked Bond Funds for UHNW Clients, 1) KTAM Catastrophe Bond Fund & 2) KTAM Catastrophe Bond Fund Unhedged, Catastrophe Bond Index (Swiss Re Global Cat Bond Index) +7.6% Annualized Return in Last 23 Years (Since 2002)
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