Fallen-Angels ETF draws $ 160 million in bond redemption bet – Yahoo Canada Finance
(Bloomberg) – At least one trader sends prayers to fallen angels.
The VanEck Vectors Fallen Angel High Yield Bond ETF, ticker ANGL, received a cash infusion of $ 165 million on Monday, with around $ 160 million from a single trade, according to data compiled by Bloomberg. This marks 37 days in a row of entries for the $ 3 billion fund, which follows formerly investment grade bonds that have…
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