BlackRock adds high yield 'fallen angels' ETF to fixed income range

Take advantage of price anomalies

Jayna Rana
clock • 1 min read

BlackRock has launched an ETF offering exposure to global bonds which were once rated as investment grade but have since been downgraded to high yield status.

The group said this type of bond can be attractive to investors seeking to take advantage of price anomalies that can arise following a downgrade of securities. Its iShares Fallen Angels High Yield Corporate Bond UCITS ETF (WING) has a total expense ratio of 0.50%. Commodities 'fallen angels' and EM bonds offering best credit opportunities Its underlying index has exposure to over 450 holdings, with exposure of each issuer capped at 3% of the total market value to ensure diversification, and is rebalanced monthly. Emerging market issuers and bonds rated below B- are excluded as par...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ETFs

BlackRock launches two active iShares ETFs in Europe

BlackRock launches two active iShares ETFs in Europe

Listed on Euronext Amsterdam and Xetra

Cristian Angeloni
clock 26 March 2024 • 1 min read
HANetf combines tech thematic ETFs due to insufficient assets

HANetf combines tech thematic ETFs due to insufficient assets

Effective 28 March

clock 20 March 2024 • 1 min read
Amundi launches Europe's cheapest All Country World ETF

Amundi launches Europe's cheapest All Country World ETF

TER of 0.07%

clock 18 March 2024 • 1 min read
Trustpilot