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 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 ...
Fallen Angels underperformed Broad High Yield by 160 basis points in Q2 and are now lagging by 153 basis points year to date. Q2 underperformance was mostly driven by weakness in the telecom and real ...