A fallen angel is a bond downgraded from investment-grade to junk status due to a decline in the issuer's financial stability. Learn about its risks and investment potential.
Fallen angels finished the first half of the year outperforming the broad high yield market, despite underperforming by 0.46% in Q2. In May, Constellation Insurance and Royal Caribbean became the ...
Day SEC Yield of 6.07% as of Jan. 30. Payable Feb 05; for shareholders of record Feb 02; ex-div Feb 02. More on VanEck Fallen Angel High Yield Bond ETF ANGL: High Yield At 6% Is Not Appealing (Rating ...
This ETF targets U.S. corporate bonds downgraded from investment grade, delivering a 6.16% yield and broad sector exposure.
Fallen angels outperformed the broad high yield market by 0.59% in Q3 (2.99% vs. 2.40%), widening the year-to-date gap to 0.78% (7.84% vs. 7.06%). Credit spreads were notably more stable in Q3, ...
Fallen angels were nearly twice as likely to default compared with peers that are rated speculative-grade at inception (referred to as original high yield; OHY), according to a study published by ...