Covid 19 update: European high yield market moves - Fallen angels – how to ride the upcoming wave


The coronavirus pandemic and low oil prices have led to a surge in ‘fallen angels’, companies downgraded from investment grade to sub-investment grade. We look at how this is affecting European high yield credit markets and what the implications may be over the longer term.

The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested.

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