Fallen Angels Index Outperformed Broad High Yield Index… Again: 14 Out of 18 Years

By Nicolas Fonseca, CFA Associate PM Van Eck Associates Corporation The fallen angels index outperformed the broad high yield index by 0.40% in December and by 2.36% for 2021 (7.72% vs 5.36%), making it the 14th year that fallen angels have outperformed broad high yield over the last 18 calendar...