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The strong alpha opportunity in fallen angels

Thomas O'Reilly

17 May 2016 • 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...

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