VanEck Global Fallen Angel High Yield

Details

ETF description

The VanEck Global Fallen Angel High Yield ETF offers investors exposure to a diversified portfolio of high‑yield bonds that were originally rated investment‑grade but have since been downgraded to high‑yield status. By tracking the ICE BofA Global Fallen Angel High Yield index, this ETF focuses on ‘“fallen angels”’ – bonds that have experienced a credit downgrade from investment‑grade to high‑yield but still offer potential for recovery and yield.

Issuer details

VanEck is a globally recognized asset management firm, managing over $85 billion in assets as of June 2024. VanEck offers a wide range of investment products covering various market segments. Founded in 1955 by John C. van Eck, the firm has a strong expertise in commodities and emerging markets. VanEck is also committed to investor education and transparency. Notable ETFs include the VanEck Gold Miners ETF (GDX), the VanEck Semiconductor ETF (SMH), and the VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL), reflecting VanEck’s dedication to offering diverse and cutting‑edge investment solutions.

Index details

The Global Fallen Angel High Yield index provides targeted exposure to high‑yield bonds that were recently downgraded from investment‑grade status. By focusing on these ‘“fallen angel”’ securities, the index offers investors potential opportunities in bonds that may be undervalued or poised for recovery. Its emphasis on these transitionary assets makes it a valuable addition for portfolios seeking to capitalize on potential high returns from downgraded bonds while managing risk in the high‑yield market.