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Brookmont Catastrophic Bond ETF (NYSEARCA:ILS - Get Free Report) was down 0.2% during mid-day trading on Monday. The company traded as low as $19.96 and last traded at $19.98. Approximately 33,325 shares traded hands during trading, an increase of 32% from the average daily volume of 25,202 shares. The stock had previously closed at
Brookmont Catastrophic Bond ETF offers retail investors exposure to catastrophe bonds, a previously inaccessible fixed income niche. ILS provides uncorrelated returns versus traditional corporate credit, with an 8% distribution rate. The ETF's main advantages are diversification, high yield, and limited correlation to macroeconomic cycles, though risks include liquidity and lack of a track record.
Even with the constant barrage of tariff uncertainty, there's simply no stopping the engine of ETF creation. More than 288 new ETFs have already launched this year – well beyond the 120 new launches by the same time a year ago.
On this week's episode of ETF Prime, Kirsten Chang, senior industry analyst at VettaFi, joins Nate Geraci to discuss ETF launches from Unlimited, Cambria, iShares, Brookmont, and Teucrium. Later, BNY Mellon's Ben Slavin provides an update on the ETF share class structure and product innovation.