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Market Vectors’ Fran Rodilosso on the Microsoft/Nokia Deal News and the Case for “Fallen Angels”

NEW YORK--(BUSINESS WIRE)--Monday’s announcement that Microsoft intends to purchase Nokia’s handset business and license the company’s patents for a total of $7.2 billion has provided a major boost to Nokia’s bonds and highlights the investment case for investing in “fallen angels,” according to Fran Rodilosso, Fixed Income Portfolio Manager at Market Vectors ETFs.