For High Yield

Invesco PowerShares Launches US Fallen Angels UCITS ETF

Date:

Invesco PowerShares Launches US Fallen Angels UCITS ETF

Author: Gabriela Huerta

  1. It tracks the Citi Time-Weighted US Fallen Angel Bond Select Index
  2. Bonds must have a minimum rating of C by S&P and Ca by Moody’s, and a maximum rating of BB+ by S&P and Ba1 by Moody’s to be eligible
  3. Issuers’ weights are capped at 5% and constituents’ time-based weights are capped at five times their respective market value-based weights to help manage concentration risk