Lates News

The world's first exchange-traded fund (ETF) based on catastrophe bonds failed to attract the expected seed funding on the eve of the Trump administration's tariff war. "Some of our seed investors are sitting on the sidelines because market volatility has distracted people from new asset classes," said Ethan Powell, chief investment officer of Brookmont Capital Management LLC, a Texas-based company managing the fund. "It's a crazy environment... we don't want to be too aggressive right now."