Sector Exposures Continue to Evolve with Rating Migrations
May 21, 2023 at 10:30 AM EDT
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 .