Fallen angels outperformed broad high yield by 0.53% YTD, driven by security selection and duration. This marks 15 years of historical outperformance out of the last 22 calendar years*. There were 10 ...

Given high volatility, elevated valuations, and economic growth concerns, we believe the case for higher quality exposure is particularly strong for high yield investors. Delta Air Lines was removed ...

During production of the first season of Fallen Angels, a neo-noir anthology series airing on Showtime, creator and producer William Horberg came to a worrying conclusion. Like many of the hapless and ...

2024 returns will likely be driven by carry, with sector and quality differences driving potential outperformance versus broad high yield. An uptick in fallen angels may provide further support. Last, ...