In a Downturn, Fallen Angel Volume Could Rise, Says Ratings Agency
This article was originally published on ETFTrends.com.
Heading into this year, many bond market observers were concerned about the state of BBB-rated corporate debt and how much of that debt could be downgraded to junk, turning those bonds into fallen angels. The VanEck Fallen Angel High Yield Bond ETF (NYSEArca: ANGL) is the dominant exchange traded funds providing access to fallen angels, or [...]