Description

This VanEck UCITS ETF provides investors with a direct method to capitalize on the recognized market anomaly known as "Fallen Angels." These are debt securities initially rated as investment grade that have subsequently been downgraded to high-yield status. Such bonds are often subject to excessive selling pressure due to mandates imposed on institutional investors. Historically, they have tended to outperform the broader high-yield sector, while on average possessing a superior credit quality.