ETF Trends publisher Tom Lydon discussed the VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.
ANGL seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE BofAML US Fallen Angel High Yield Index (the “Fallen Angel Index”). The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is comprised of below investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance.
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