Characteristics, historical performance and differences between the current credit cycle and earlier regimes
Read this paper from FTSE Russell to learn more about
- Why Fallen Angels have shown higher risk-adjusted returns than other HY issues
- Fallen Angel Bond Indexes, timing and empirical evidence
- Return and performance characteristics
- Size of the Fallen Angel sector in the Corporate Bond market
- Caveats and concerns about the Fallen Angel asset class
- Risks for investors − when can Fallen Angels become value traps?