VanEck’s Fallen Angel High Yield Bond ETF (ANGL) Increases Exposure to Higher Rated, Deeply Discounted Bonds as Downgrades Increase

VanEck recently completed the monthly rebalance for its VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) which seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE US Fallen Angel High Yield 10% Constrained Index.