Spreads In Control

In March, fallen angels outperformed the broad high yield market. The majority of the outperformance can be attributed to tighter credit spreads. The higher quality of fallen angels has been a detractor relative to the broad market. Fallen angels have outperformed broad HY in recent months.

Jan van Eck Receives 2024 ETF.com Lifetime Achievement Award

VanEck CEO Jan van Eck was honored with the Lifetime Achievement Award at the 2024 ETF.com Awards. In 2006, van Eck boldly led the firm’s entry into the ETF space with the launch of the VanEck Gold Miners ETF. The firm recently surpassed $100 billion in AUM.

Fixed Income Investment Outlook Q2 2024: A Winding, Downward Path

Weekly Report: what happened at ANGL last week (0408-0412)?

Fixed Income Perspectives - Looking Ahead At Q2 2024: A Pause Before A Pivot

Fixed Income: No Time To Yield

Home Investing Strategy Fixed Income Analysis Fixed Income: No Time To Yield. Bond yields are higher today than they were 20 years ago. Investors are moving back into bonds in record numbers with 2023 global bond ETF inflows of $333 billion. Steve Laipply, Global co-head of iShares’ fixed income ETFs joins Oscar Pulido on The Bid.

Weekly Report: what happened at ANGL last week (0401-0405)?

Argosy Investors Q4 2023 Letter

Fixed-Income Outlook: Don't Miss The Forest For The Trees

Bond investors who are overly focused on individual data points may lose sight of the bigger opportunity picture. Central bank rate cuts are coming, and with them a major opportunity for bond investors. The first quarter of 2024 has been a bumpy ride for investors. More than $6 trillion in money-market funds is sitting on the sidelines.

VanEck Vectors Fallen Angel High Yield Bond ETF declares monthly distribution of $0.1520

VanEck Vectors Fallen Angel High Yield Bond ETF declares monthly distribution of $0.1520 Apr. 01, 2024. The fund is a passive investment in the S&P 500 index of high-yield bonds. VanEck has a history of paying monthly dividends of $1.50.

Weekly Report: what happened at ANGL last week (0325-0329)?

ANGL: Fantastic Fallen Angel ETF, Outstanding Performance, Average 5.4% Yield

VanEck Fallen Angel High Yield Bond ETF (ANGL) invests in fallen angels. Fallen angels are bonds downgraded from investment-grade to non-investment-grade ratings. These bonds tend to experience forced selling from institutional investors. Buyers can profit by buying fallen angels at fire sale prices. ANGL has an outstanding performance track record.

Weekly Report: what happened at ANGL last week (0318-0322)?

Credit Maturity Wall: Not As Difficult A Climb As It May Seem

Most companies are in a good position to climb the debt maturity wall relatively unscathed. A record number of bonds issued during the pandemic at very low interest rates are set to mature over the next six years. A quarter of all U.S. High-yield debt will need to be refinanced at higher rates in the next three years.

Junk Bond Default Surge Continues In 2024

Corporate bond defaults were up massively in 2023, especially for high-risk junk debt. The trend is continuing this year at a pace not seen since the 2008 global financial crisis. Companies selling low-rated junk debt are being hit the worst. High-interest rates and high inflation make it hard for companies to make good on their obligations.

Weekly Report: what happened at ANGL last week (0311-0315)?

Where The Looming Credit Maturity Wall And The Economy Collide

Revisiting Performance Through Tight Spreads

In February, fallen angels underperformed the broad high yield market by 0.70%. The yields on fallen angels recently surpassed 7%, while spreads experienced a tightening of 23 bps over the past month, settling at 260 bps. Spreads remain tight, but fallen angels have historically outperformed in similar environments.

Weekly Report: what happened at ANGL last week (0304-0308)?

Weekly Report: what happened at ANGL last week (0226-0301)?