ANGL ETF Offers 6% Yield by Buying Formerly Investment-Grade Bonds
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowThe VanEck Fallen Angel High Yield Bond ETF (ANGL) provides approximately 6% yield by investing in formerly investment-grade bonds that were downgraded, outperforming the 10-year Treasury’s yield of 4.5%. The fund maintains a portfolio that behaves less like stocks during credit selloffs, with 91% of its assets in debt securities. Paramount Global (PSKY) and Celanese (CE) each account for about 8% of ANGL's holdings. This unique strategy may appeal to income investors seeking yield without the risks associated with lower-grade bonds.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Celanese Corporation (CE)
Celanese is a specialty-chemicals and engineered-materials maker.
The Materials sector covers chemical, metal, mining and packaging companies that supply raw inputs.
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