Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)
FAEU.DE
Deutsche Börse- -
EUR
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- Ground Floor, 2 Cumberland Place, Fenian Street Dublin Ireland D02 H0V5
- IPO Date
- Oct 17, 2017
- Website
- invesco.com
- Similar Companies
- Business
- Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) is an exchange-traded fund that seeks to track the performance of the ICE BofA US High Yield Fallen Angels Constrained (EUR Hedged) Index, prior to fees and expenses. The fund invests in a portfolio of US dollar-denominated, high yield corporate bonds that were rated investment grade at issuance but have subsequently been downgraded to high yield or junk status, commonly known as fallen angels; it employs a sampling technique to replicate the index while minimizing transaction costs and tracking error. Distributable income is paid out semi-annually to investors. The ETF offers exposure to this specialized fixed income segment through its UCITS-compliant structure, which is physically replicating and fully collateralized; it features a currency hedge to mitigate EUR/USD exchange rate fluctuations for European investors. Invesco's broader fixed income offerings include active and passive strategies across government bonds, investment grade corporates, emerging market debt, and multi-sector credit funds; the firm manages these via UCITS ETFs, SICAVs, and other vehicles listed on major European exchanges such as Deutsche Boerse Xetra, where FAEU.DE trades. Operations span global markets with primary focus on institutional and retail investors in Europe, the UK, and Asia-Pacific regions; Invesco Ltd., the parent company founded in 1935 and headquartered in Atlanta, Georgia, oversees the fund as part of its ETF division. Recent developments include the index's quarterly rebalancing in line with standard methodology updates from ICE Data Indices, LLC, ensuring ongoing alignment with fallen angel bond eligibility criteria; Invesco announced enhancements to its ETF liquidity provision programs in 2024, bolstering market making for high yield products like FAEU.DE amid rising European demand for hedged US credit exposure. No major acquisitions or name changes have occurred for this specific fund in the last two years, though Invesco completed the integration of European ETF operations following its 2023 OppenheimerFunds merger, expanding fixed income capabilities. The fund maintains a competitive expense ratio and has seen steady assets under management growth amid volatile high yield markets.