GFA
VanEck Global Fallen Angel High Yield Bond UCITS ETF
GFA
VanEck Global Fallen Angel High Yield Bond UCITS ETF
-
NAV
$58.01
as of 07 Jun 2023 -
YTD RETURNS
2.25%
as of 07 Jun 2023 -
Total Net Assets
$34.8 million
as of 07 Jun 2023 -
Total Expense Ratio
0.40% -
Inception Date
19 Mar 2018 -
SFDR Classification
Article 6
More Info
Overview
Fund Description
The VanEck Global Fallen Angel High Yield Bond UCITS ETF is a straightforward way to profit from the well-known anomaly of Fallen Angels – investment grade bonds that have been downgraded to high yield. They are often oversold due to restrictions placed on institutional investors and tend to outperform the broad High Yield sector, while on average having higher credit quality.
- A history of outperformance versus the high-yield bond universe1
- Take advantage of a market anomaly
- Currently higher average credit quality than ordinary high-yield issuers
- Diversification across countries and sectors
- Issued in USD, GBP, EUR and CAD
- Currently amongst the lowest total expense ratios in UCITS Fallen Angel ETFs (0.4%)
1Past performance is not a reliable indicator for future performance. Risk factors: Foreign Currency Risk, Emerging Markets Risk, High Yield Securities Risk
Underlying Index
ICE Global Fallen Angel High Yield 10% Constrained Index