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VanEck marks fifth anniversary of Fallen Angel High Yield Bond

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VanEck has marked the fifth anniversary of the launch of its VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). The firm writes that ANGL was the first ETF to provide targeted exposure to ‘fallen angels,’ a category of high yield bonds that were originally issued as investment grade but which have since experienced a downgrade to junk status.

Fallen angels have had historically higher average credit quality than the broad high yield universe, and the category has outperformed the broad high yield space in 10 of the last 13 years, including 2016.

“We’re proud to be celebrating ANGL’s five year anniversary and its recent recognition by the industry for its positive impact on investors,” says Ed Lopez, Head of ETF Product Management and Marketing with VanEck. “The investment thesis behind ANGL is a time-tested strategy, well beyond the ETF’s five-year history.

Van Eck writes that ANGL’s simple and intuitive approach to capturing quality and value in the high yield market helps it stand out in a growing sea of smart beta ETFs.”

In calendar year 2016, ANGL returned 25.32 per cent based on net asset value, while delivering a 30-Day SEC yield of 4.97 per cent as of March 31, 2017.
“Our fixed income suite has been carefully designed to provide investors and advisors with important tools in their search for yield,” adds Lopez. “We’re committed to providing ETFs that help investors improve their investing experience.”

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