Catastrophe bonds, whose returns have consistently trounced those of high-yield debt markets in recent years, are about to become accessible to a wider group of investors. An exchange-traded fund based on a portfolio of as many as 75 of the …

Catastrophe bonds, whose returns have consistently trounced those of high-yield debt markets in recent years, are about to become accessible to a wider group of investors. An exchange-traded fund based on a portfolio of as many as 75 of the …