Fallen Angels: The Year In Review

By Nicolas Fonseca, CFA, ETF Product Analyst, VanEck Fallen angels[1] outperformed the broad high yield[2] index by 0.72% in December and by 7.89% in 2020 (14.06% vs 6.17%).[3] December was a relatively quiet month in terms of downgrades, but strong from a return perspective (2.63% vs 1.91%)[4] as...