VanEck Vectors Fallen Angel High Yield Bond ETF
Are ‘Fallen Angels’ a Threat to the Bond Market in 2019?
We believe the indexer has exercised discretion with regard to the index rules in a thoughtful and prudent manner.
How Did PG&E Land among the ‘Fallen Angels?’
One such situation occurred this month as a direct result of the very tragic wildfires that struck California over the last two years.
Will We See More ‘Fallen Angels’ in 2019?
The cautionary advice to “expect the unexpected” makes a lot of sense for investors—at least in the sense that we should all learn to manage our own expectations by realizing there are outcomes we may not have anticipated.
Why Emerging Market Debt Is an Interesting Choice Right Now
Are there any other strategies that investors might want to consider in this environment?
Why You Should Consider Investing in ANGL and FLTR
The VanEck Vectors Fallen Angel ETF (ANGL) and the VanEck Vectors Investment-Grade Floating Rate ETF (FLTR) provide various benefits.
Why Fallen Angel Bonds Outperformed Other High-Yield Bonds
Since fallen angel bonds were given investment-grade status earlier, they typically have higher credit quality than most other speculative-grade bonds.
How to Protect Your Portfolio from Rising Interest Rates
FLTR isn’t impacted much by interest rate hikes. FLTR has an effective duration as low as 0.14 years because its coupons match interest rates.
Will Fallen Angel Bonds Continue to Capture Solid Returns?
VanEck How fallen angels may complement high yield portfolios Income investors may want to consider fallen angels as a complement to their high yield bond allocations given their higher credit quality. Fallen angels’ higher average credit quality than original-issue high yield bonds may help absorb more of the potential broader market volatility that may occur […]
How Are Fallen Angel Bond Sectors Looking Now?
VanEck How the fallen angel sector exposure has made a difference The volume of fallen angel bonds in the market is increased primarily by deteriorating fundamentals of individual investment-grade bond issuers and by economic events that have weakened entire industry sectors (as seen in early 2016 in the energy sector with the aftermath of the […]
Insights into the Credit Quality of Fallen Angel Bonds
VanEck Given these uncertainties, high yield bond investors may want to ratchet up the credit quality of their portfolios. Fallen angels can be a source of higher quality high yield for investors, given about 77% of the universe was concentrated in BB-rated bonds (just one ratings notch below investment grade) as of April 30, 2017.[2.Composite […]
Can Fallen Angel Bonds Continue to Perform amid Uncertainties?
VanEck Fallen angel high yield bonds were up 4.8% year to date through April 30, outperforming the broader high yield bond market which rose 3.9%.[1.Source of all data unless otherwise noted: FactSet. Data as of March 31, 2017. Fallen angels are high yield corporate bonds that are originally issued with investment grade credit ratings, and […]
How High-Yield Bonds Are Connected to Other Asset Classes
AB Looks Are Deceiving But even though high-yield bonds look like other bonds, they don’t necessarily act like other bonds. This insight can have important implications for how investors consider them in an overall portfolio context. High-yield performance patterns, for example, don’t track those of other fixed-income sectors very closely over the long term. Looking […]
Looming Uncertainty of Puerto Rico’s Debt Crisis
Puerto Rico is currently in a meltdown mode. Over the past decade, it has accumulated $70.0 billion in public debt, which is close to 68.0% of its GDP.
Fallen Angels Outperformed High Yield Bond Market
Investors looking for opportunities in fallen angel bonds can look at the VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).
Complementing Global Bond Portfolios with Emerging Market Bonds
Investors may also want to consider a small allocation to BB rated emerging markets countries.
How Bond Buybacks Add Value
As of June 30, 11 fallen angel companies had issued tender offers YTD, boosting their bond prices by 5% on average.
How Fallen Angels Could Reward Investors
Fallen angel bonds—high-yield bonds originally issued with investment grade credit ratings—are generally known for offering potential value. A big source of this value has been the tendency of fallen angels to be oversold below what may be considered fair value, leading to a downgrade to high yield. A less obvious source of value for fallen angels […]
What’s in Store for Fallen Angel Bonds?
Fallen angels (ANGL) have had lower average default rates than the broad high yield bond (HYEM)(IHY) market historically (3.58% versus 4.19%).
Interest Rate Outlooks Don’t Affect All Asset Classes: Here’s Why
Historically, it seems that fallen angels generally perform well across interest rate environments.
Why Have Fallen Angels Outperformed Broad High Yield Bonds?
About 75% of fallen angel bonds (ANGL) were rated BB as of May 31, 2016. Original-issue investment-grade bond issuers tend to be larger.
How You Can Access Fallen Angel Bonds
Are fallen angel bonds akin to value stock (IWD)(MOAT) in the equity (IWF)(VOO) world? If so, how?
Why Own Fallen Angel Bonds?
VanEck responds to our questions and looks at how fallen angel bonds provide attractive relative income without an unsavory level of risk.
Investors Look to Fallen Angel High Yield Bonds for Value
The start of 2016 has been marked by an increase in the quantum of fallen angel bonds in the high-yield bond market (HYG) (JNK).
Fallen Angel Bonds: A Slice of Investor Heaven?
High-yield bond funds regained some lost favor this year. Fallen angel bonds could be an extremely attractive value proposition for investors.