ANGL invests in recently downgraded high-yield corporate bonds. The fund has outperformed since inception, and by a very hefty margin. A look as to how rising interest rates and worsening economic ...
"Fallen angels" are corporate bonds that received investment-grade credit ratings when they were issued but have since been downgraded to junk. Historically, they have tended to exhibit greater ...
2024 returns will likely be driven by carry, with sector and quality differences driving potential outperformance versus broad high yield. An uptick in fallen angels may provide further support.
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