Fallen angels: The devil in disguise?

Unlike the Federal Reserve, the European Central Bank has not yet discussed adding junk bonds to its asset purchase programme. But President Christine Lagarde has signalled that this option remains on the table. In this podcast, Jeroen van den Broek, ING's Global Head of Sector Research, tells Senior Editor Rebecca Byrne why he thinks the Bank will end up buying so-called 'fallen angels' and why it could be a risky strategy.