VanEck Fallen Angel High Yield Bond ETF

ANGL tracks a market-value-weighted index of bonds that were rated investment grade at issuance but later downgraded to sub-investment grade.

ANGL invests in recently downgraded high-yield corporate bonds. The fund has outperformed since inception, and by a very hefty margin.

ANGL And Fallen Angels: Recent Developments

The VanEck Fallen Angel High Yield Bond ETF has returned 6.4% annually over the past 11 years since inception, and the current yield of 7.3% suggests even stronger future returns. ANGL's underperformance relative to the S&P 500 over this period has been the result of rising equity valuation multiples, which now face downside risks.

ANGL: 7.3% Yield To Drive Outperformance Vs. Stocks

Despite fears of elevated default rates, high interest rates, and the possibility of a recession, high yield corporate debt is delivering for fixed income investors this year. That includes both fallen angels and traditional junk bonds.

Assessing the Fallen Angel Bond Landscape

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This week, the VettaFi Voices gathered around the water cooler to talk about fixed income.

VettaFi Voices on: What's Overlooked in Fixed Income

It's not the best of times nor is it the worst for high-yield corporate bonds as the Markit iBoxx USD Liquid High Yield Index is higher by 1% year-to-date. Still, some advisors and investors are pensive about allocating to junk bonds, amid fears that rising interest rates and higher default rates will punish the asset class.

This Junk Bond ETF Could Be Right for the Times

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Recent uncertainty, instigated by the issues seen across the financial sector, has led to a change in investment flows seen across exchange traded funds. A change in investment flows can be seen over the month of March as equity market volatility has increased.

ETF Flows, The Winners And Losers In Volatile Markets

Fran Rodilosso, VanEck's head of fixed income ETF portfolio management, discusses the benefits of fallen angel bond ETFs.

Why Fallen Angels Outperform Consistently

The iShares Fallen Angels USD Bond ETF (FALN) invests based on the Bloomberg Barclays US High Yield Fallen Angel 3% Capped Index. The VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) invests based on the ICE US Fallen Angel High Yield 10% Constrained Index.

FALN And ANGL: Fallen Angel ETF Tax Swap

ANGL tracks an index of fallen angel bonds: bonds that were investment grade at issuance but have been downgraded to junk status. Fallen angels tend to outperform both investment grade and junk bonds overall due to forced selling as they are downgraded.

ANGL: Better Than JNK But Watch Credit Spreads

ANGL invests in bonds that can be described as "fallen angels" These bonds used to be investment-grade credits, but were downgraded to "junk" status, a.k.a. high yield bonds.

ANGL: The Devil Is In The Details, And They Said Avoid This ETF For Now

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Downgraded bonds have lower default rates.

Fallen Angel ETFs Show Their Good Side

Credit spreads, which gauge differences in yield between two bonds with the same maturities and different credit quality, are currently surprisingly tight given rising interest rates. That could be a sign opportunity beckons with some corners of the high-yield bond market.

Spreads Could Indicate Fallen Angel Opportunity

Before 2022, advisors and investors spent years questioning where the income was in fixed income. Five interest hikes by the Federal Reserve this year, and bond yields are at multi-year highs.

Assess ANGL as Income Returns to Forefront

Last week, the Federal Reserve unveiled its fifth interest rate hike of 2022, and with more on the way, it's not surprising that fixed income exchange traded funds of nearly all varieties are faltering. Junk bonds are certainly part of that dubious mix.

Junk Bond ETFs May Be Getting Interesting

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True, a recession could be coming. But the underlying math of low defaults, solid companies with cleaned-up balance sheets, and higher yields creates an opportunity for investors.

Junk-Bond Yields Top 8%. It Could Be a Good Time to Buy.

Amid a series of interest rate hikes by the Federal Reserve in the first half of this year, fixed income exchange traded funds languished, providing investors with no protection from slumping equity prices. The Fed continued its rate hiking, inflation fighting campaign on Wednesday, raising interest rates by 75 basis points.

Fallen Angels Could Lead Second-Half Bond Rebound

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Investors flocked to fixed income ETFs on June 13 even as the yield on the 10-year Treasury yield spiked above 3.4% on rapid anticipation that the Federal Reserve would more aggressively raise interest rates later that week. Fixed income exchange traded products traded $58 billion last Monday — more than double the 20-day average daily [.

Record Money Traded in Bond ETFs as Fed Sought Rate Hike

ANGL invests in Fallen Angels or recently downgraded non-investment grade corporate bonds. Fallen Angels have a decades-long track record of market-beating returns, a trend which I expect will continue into the future.

ANGL: Outstanding Corporate Bond ETF, 4.6% Yield

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The U.S. insurance industry's asset base in ETFs grew 15% to $45 billion at the end of 2021, according to a recently published research piece from S&P Dow Jones Indices. While insurance companies owned a very small slice of the then $7 trillion ETF market, the asset base for many ETFs is increasingly supported by [.

Insurers Own More ETFs Than You Realize

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In a terrible year for the asset class, not every fixed income ETF is down.

Best Performing Fixed Income ETFs Of The Year

With two interest rate hikes by the Federal Reserve in the books and more on the way, to say this is a tumultuous time in the fixed income market may be an understatement. High yield corporate bonds are incurring plenty of bond sellers' wrath and casting a pall over previously attractive exchange traded funds, including [.

Amid Bond Market Calamity, Don't Ignore Fallen Angels

By William Sokol Senior ETF Product Manager Van Eck Associates Corporation As we mark ANGL's 10-year anniversary, this Q&A explores why we launched the fund, its track record, and our outlook for this space. When the VanEck Fallen Angel High Yield Bond ETF (ANGL) was launched 10 years ago, it was the first to open up access to [.

ANGL: Celebrating 10 Years of Higher Quality High Yield

Milestones can be meaningful in the exchange traded funds industry, and on that note, the VanEck Vectors Fallen Angel High Yield Bond ETF (NASDAQ: ANGL) is celebrating its tenth anniversary. Indeed, making it to the 10-year mark in the fiercely competitive landscape is an accomplishment in its own right, but surviving and thriving are two [.

Fallen Angel ETF Still Important a Decade Later

NEW YORK--(BUSINESS WIRE)--VanEck marks 10th anniversary of Fallen Angel High Yield Bond ETF (ANGL), opened access to new corner of high yield market at the time of its launch.

VanEck Celebrates 10-Year Anniversary of Fallen Angel ETF (ANGL)

By Nicolas Fonseca, CFA Associate PM Van Eck Associates Corporation The fallen angels index outperformed the broad high yield index by 0.40% in December and by 2.36% for 2021 (7.72% vs 5.36%), making it the 14th year that fallen angels have outperformed broad high yield over the last 18 calendar years. The majority of the outperformance in [.

News for VanEck Fallen Angel High Yield Bond ETF ETF (ANGL)