The expansion of the ETF universe continues to bring forth innovative products for investors of all walks and styles. The latest addition to the growing lineup of fixed income products comes from Van Eck in the form of a first-to-market “junk bond” fund; the recently launched Market Vectors Fallen Angel High Yield Bond ETF (ANGL) offers investors a creative, and potentially safer, way for tapping into this asset class [see also Bond ETFs For Every Obective]. ANGL is designed to replicate the price and yield performance of the BofA Merrill Lynch US Fallen Angel High Yield Index, which provides exposure to a unique segment of the high yield bond market. This new ETF focuses on corporate debt that was originally rated as investment grade credit quality at the time of issuance, but has since been demoted to “junk” status [see also High Yield ETFdb Portfolio]. What’s The Appeal? Given the looming uncertainties over the global economy coupled [...] Click here to read the original article on ETFdb.com. Related Posts: April Roundup: Launches, Filings, and Closures Van Eck Debuts Fallen Angel Junk Bond ETF (ANGL)