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Fallen-Angels ETF Lures $160 Million in Bet on Bond Redemption

  • VanEck’s ANGL sees largest single-day inflow since January
  • Search for yield, new entrants prompts attention to category
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At least one trader is sending prayers to fallen angels.

VanEck Vectors Fallen Angel High Yield Bond ETF, ticker ANGL, received a $165 million cash infusion Monday, with about $160 million of that coming from a single trade, according to data compiled by Bloomberg. That marks 37 straight days of inflows for the $3 billion fund, which tracks formerly investment-grade bonds that were downgraded to junk.