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Van Eck Global marks three-year anniversary of fixed income ETFs


Van Eck Global’s three fixed income ETFs – Market Vectors Fallen Angel High Yield Bond ETF (ANGL), Market Vectors International High Yield Bond ETF (IHY) and Market Vectors Emerging Markets High Yield Bond ETF (HYEM) – have all passed their third anniversary of trading. 

“The high yield bond universe is fast-moving and fast-changing. We feel it is important for investors to have the tools they need to add diversification in this space,” says Fran Rodilosso, Senior Investment Officer and Portfolio Manager for Market Vectors Fixed Income ETFs. “We believe that all three of these funds have been valuable tools for adding diversification. They have also given investors more choice in assessing risk versus reward within the global high yield space. We are very pleased to be marking their three-year anniversary.

“Given the still-murky outlook for both growth and interest rates, fallen angels1 may offer a unique value proposition in that they have historically outperformed the broader high yield market in a variety of environments – rising and falling rates, as well as rising and narrowing spreads. In fact, in all three years of ANGL’s existence, its underlying index, the BofA Merrill Lynch US Fallen Angel High Yield Index2, has performed better than the broad high yield market.”

IHY and HYEM also provide unique opportunities for diversification. 

“IHY is something of a ‘barbell,’ by which I mean its index pairs high credit quality and lower yields out of Europe with more volatile emerging market issuances,” says Rodilosso. “HYEM is focused solely on the emerging market high yield landscape, the highest yielding part of the global credit universe, though its credit profile has compared favorably with the non-emerging markets.”

All three funds have also received 5-star ratings from Morningstar after reaching their respective three-year anniversaries

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