Overview
Description
Invesco U.S. High Yield Fallen Angels UCITS ETF is an exchange-traded fund that primarily aims to track the performance of high-yield corporate bonds in the United States known as "fallen angels." These are bonds that were initially issued with an investment-grade rating but have subsequently been downgraded to a sub-investment grade status. The ETF offers exposure to this specific category of corporate debt, providing investors a way to access bonds that might have experienced a downgrade but still hold potential value.
This ETF covers a diversified portfolio of bonds across various industries such as energy, telecommunications, and consumer products, reflecting the broad economic activities in which former investment-grade companies are engaged. The fund’s strategy is particularly focused on capturing potential price rebounds as companies work toward recovering their financial stability and credit ratings.
In the financial market, this ETF holds significance for those seeking income with a higher yield than investment-grade bonds, complemented by the potential capital appreciation from credit improvements or economic recovery of the issuing corporations.
About
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Instrument type
ETF
Country
Italy
MIC code
XMIL