The world's first catastrophe bond ETF is struggling in the "crazy" market.

The world's first exchange-traded fund based on catastrophe bonds was launched on the eve of the Trump administration's tariff war, but failed to attract the expected seed funding. "Some of our seed funding investors are waiting and watching because market turmoil has shifted people's focus away from new asset classes," said Powell, chief investment officer of Brookmont Capital Management LLC, based in Texas, USA. "It's a crazy environment... We don't want to be too aggressive right now."