The strong alpha opportunity in fallen angels

clock • 4 min read

As the £5.1bn Neuberger Berman High Yield Bond Fund approaches its 10-year anniversary, Thomas O'Reilly examines the current state of the asset class and explains why investors are witnessing an attractive pocket of opportunity in fallen angels.

At a glance Investors in US high yield have had to deal with increased volatility over the last 18 months.  Most fallen angels are bonds issued by good quality, investment-grade companies goi...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

BlackRock expands impact offering through collab with Phenix Capital Group

BlackRock expands impact offering through collab with Phenix Capital Group

Offering will help clients translate impact objectives into investable portfolios

Jonathan Stapleton
clock 23 July 2026 • 2 min read
Partner Insight: Can stewardship shape real world outcomes for pension funds?

Partner Insight: Can stewardship shape real world outcomes for pension funds?

Royal London Asset Management
clock 23 July 2026 • 5 min read
The DC scheme scramble for private assets

The DC scheme scramble for private assets

Charlotte Moore finds DC plans are facing challenges around speed of deployment, scale and crowded trades

Charlotte Moore
clock 16 July 2026 • 5 min read
Trustpilot