VanEck's Fallen 'ANGL': This 'Junk' ETF Is Steadier than You Think
February 19, 2021 Investors are often lead to believe that bonds are steady investments. They can also be wired to think that junk bonds are exceptionally volatile. Yet many fallen angels funds like the ANGL seeks to replicate as closely as possible the price and yield performance of the ICE BofAML US Fallen Angel High Yield Index. The index is comprised of below investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance. “We belie...
Source: etftrends.com