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 ...
Throughout history, people have been fascinated by royal families and the mysteries surrounding their power. Some legends suggest that certain royal bloodlines are connected to the Nephilim or fallen ...
Fallen angels underperformed the broad high yield market in September by 0.35%. The seven-month drought of fallen angles ended in September as OCI NV and VF Corporation were downgraded to high yield, ...
We expect an uptick in fallen angel activity in 2025, mainly due to idiosyncratic factors rather than systematic weakness. Fallen angels outperformed the broad high yield market by 0.17%, benefiting ...
Fallen angels were nearly twice as likely to default compared with peers that are rated speculative-grade at inception (referred to as original high yield; OHY), according to a study published by ...