Description

The VanEck Global Fallen Angel High Yield Bond UCITS ETF presents an accessible investment avenue designed to capitalize on the unique market dynamics of "Fallen Angels." These are bonds that commenced as investment-grade securities but have subsequently been reclassified into the high-yield category. Often, institutional selling mandates force the divestment of these bonds, leading to them being oversold. This phenomenon typically results in these Fallen Angels not only delivering stronger returns than the overall high-yield market but also possessing, on average, a more robust credit quality.