Has anyone invested in Fallen Angel Bonds? Those that are BB, but were investment grade?
The expected Returns book author, brought them up as a potential high yield bond class, that like SCV, for whatever reason, seems to outperform HY bonds in general?
http://www.amazon.com/Expected-Returns- ... 1119990726
Down the road (like year(s)), I may invest some in HY, and it may be in the BB segment of HY.
Was wondering if the above ETF, would best represent the BB HY class, or if there are others. its ER is 0.4%
They would be considered part of my stock allocation if I ever use them.
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