Market Vectors® Fallen Angel High Yield Bond ETF Tops $100 Million in Assets

Market Vectors Fallen Angel High Yield Bond ETF (NYSE Arca: ANGL) has surpassed $100 million in assets under management, with $111.4 million as of today.

“Fallen angels have continued to offer a compelling value proposition,” said Meredith Larson, Product Manager for VanEck.

“Fallen angels,” corporate bonds that were investment grade at the time of issuance and were subsequently downgraded to below investment grade, have significantly outperformed the broad corporate high yield bond market in 2016. As of March 18, 2016, the BofA Merrill Lynch US Fallen Angel High Yield Index returned 7.1% year to date, nearly twice the 3.6% return from the BofA Merrill Lynch US High Yield Index.

Fallen angels’ outperformance in 2016 had been due primarily to their greater exposure to the basic industry and energy sectors and higher average credit quality.

Ms. Larson continued, “Their issuers often have stronger balance sheets compared to high yield issuers broadly, but forced selling from investment grade-only investors can cause these bonds to become oversold. This forced selling creates the potential for a fallen angel fund to capture price inefficiencies that may offer future price appreciation.”

Market Vectors Fallen Angel High Yield Bond ETF (NYSE Arca: ANGL) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch US Fallen Angel High Yield Index.

This fund is just one of the intelligently designed corporate bond income ETFs offered by VanEck.

About VanEck

Founded in 1955, VanEck was among the first U.S. asset managers to help investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative investment choices in specialized asset classes such as hard assets, emerging markets, and precious metals including gold. VanEck offers a broad array of Market Vectors ETFs spanning broad-based and specialized asset classes, and is one of the largest providers of ETPs in the U.S. and worldwide.

Important Disclosures

BofA Merrill Lynch US High Yield Index (H0A0) is comprised of below-investment grade corporate bonds (based on an average of Moody’s, S&P and Fitch) denominated in U.S. dollars. The country of risk of qualifying issuers must be an FX-G10 member, a Western European nation, or a territory of the US or a Western European nation.

BofA Merrill Lynch US Fallen Angel High Yield Index (H0FA), a subset of H0A0, is comprised of below-investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance.

An investment in the Fund may be subject to risk, which include, among others, credit risk, call risk, and interest rate risk, all of which may adversely affect the Fund. High yield bonds may be subject to greater risk of loss of income and principal, and are likely to be more sensitive to adverse economic changes than higher rated securities. International investing involves additional risks, which include greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity, and political instability. The Fund’s assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“BofA Merrill Lynch”), indices, and related information, the name “BofA Merrill Lynch,” and related trademarks, are intellectual property licensed from BofA Merrill Lynch, and may not be copied, used, or distributed without BofA Merrill Lynch’s prior written approval. The licensee’s products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofA Merrill Lynch. BOFA MERRILL LYNCH MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDICES, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY, AND/OR COMPLETENESS).

Fund shares are not individually redeemable and will be issued and redeemed at their “Net Asset Value” (NAV) only through certain authorized broker-dealers in large, specified blocks of shares called creation units and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 888.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor 
666 Third Avenue, New York, NY 10017

Contacts:

MacMillan Communications
Mike MacMillan/Chris Sullivan, 212-473-4442
chris@macmillancom.com

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