In May, fallen angels underperformed the broad high yield market by 0.13%. Within broad high yield, BB and CCC and below rated bonds posted the same return, 1.23%, while single B rated bonds ...
Fallen angels underperformed the broad high yield market in September by 0.35%. The seven-month drought of fallen angles ended in September as OCI NV and VF Corporation were downgraded to high yield, ...
Fallen angel bond strategies are inherently contrarian. Exchange-traded funds like iShares Fallen Angels USD Bond ETF FALN buy bonds precisely when most investors are selling. These types of funds ...