Co-produced with The Belgian Dentist
On the back of my recent article on the potential opportunity of sliding down the credit scale to get higher returns, I also realize that investing in CCC credit could be too daunting for many investors, even if the risk-adjusted returns might look more attractive than the BB names.
Another option is to focus on individual bonds that started out being investment-grade but have been downgraded into junk-bond territory. These bonds are called fallen angels and they can also be good ways to diversify your bond portfolio.
Fallen angels
Financial