Sector Exposures Continue to Evolve with Rating Migrations

By Nicolas Fonseca, CFA Associate Product Manager New fallen angels and rising stars continue to impact sector allocations in the fallen angel index. The Telecom sector’s weight decreased as a large rising star exited the index. Fallen angels underperformed broad HY by 0.45% (0.52% vs 0.97%) in April, and are now lagging by 0.48% YTD (4.24% [...] The post Sector Exposures Continue to Evolve with Rating Migrations appeared first on ETF Trends .