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 ...

The positive momentum gained by fallen angels in the final quarter of 2023 carried over into January, surpassing broad high yield by 56bps. Sector-specific weakness may continue to manifest in ...

People have always been fascinated by stories of angels and the heavens. From ancient myths to modern books, angels represent hope, guidance, and the connection between the human and the divine. But ...

Fallen angels underperformed the broader high yield market in August and year-to-date. High yield corporates experienced outflows, while Treasury products saw inflows in August. Several potential ...

Many investors believe the primary role of bonds in a multi-asset portfolio is to provide a buffer to the riskier equity portion. However, the various different segments of the fixed income spectrum ...

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. Last, ...

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 ...

As the new year approaches, Goldman Sachs traders are seeing another year of gains ahead for technology stocks. In a Tuesday email, Goldman's trading desk noted that 2025 is shaping up to be another ...