Defiance Next Gen SPAC Derived ETF (SPAK)
|Day's Range||22.57 - 22.96|
|Inception Date||Sep 30, 2020|
The investment seeks to track the total return performance, before fees and expenses, of the Indxx SPAC & NextGen IPO Index. The index tracks the performance of the U.S.-listed common stock of Special Purpose Acquisitions Corporations ("SPACs") and companies derived from SPACs. SPACs are companies with no commercial operations that are established solely to raise capital from investors for the purpose of acquiring one or more operating businesses. It invests at least 80% of its net assets in SPACs and SPAC-derived companies. The fund is non-diversified.
Top 10 Holdings26.97% of assets
|Pershing Square Tontine Holdings||PSTH||2.51%|
|Austerlitz Acquisition II||ASZ||1.23%|
The global market for initial public offerings was off to a great start this year and is still running hot. 2021 is on its way to become the record year for IPOs.
Most SPACs won't make you any money. But a handful will make you a millionaire many times over.
ETF Edge, July 12, 2021
CNBC's Bob Pisani tracks the latest headlines in exchange-traded funds with WisdomTree's Jeremy Schwartz, WallachBeth Capital's Andrew McOrmond and Morgan Creek Capital Management's Mark Yusko.
Most investors out there are now choosing to forget entirely about the SPAC market, and are writing off SPAC stocks as “dead money.” To be frank, those investors are suckers.
New guidance from the SEC will tighten up accounting for SPAC stocks, putting an end to bold guidance and rosy valuations. The post Watch Out, Chamath Palihapitiya!
SPACs generally are early-stage, sometimes pre-revenue companies. That alone supports a basket approach provided by these SPAC ETFs.
Investors should tread carefully when it comes to one of the frothiest parts of the market.
Tuttle Tactical Management recently filed for an inverse ETF on SPACs.
Special purpose acquisition companies (SPACs) have been around for about three decades, but seriously came into bloom in 2020. Still, stock picking among individual blank-check firms is difficult.
NEW YORK, Feb. 11, 2021 /PRNewswire/ -- The First Ever SPAC ETF ($SPAK) Surpasses $100M in AUM. Defiance, a FinTech asset manager focused on the next generation of investors, announced today that the Fi...
As SPACs start to captivate Redditors and other day traders, investors should consider these three SPAC ETFs to profit from the leading trend. The post SPXZ, SPAK, SPCX: 3 SPAC ETFs Taking Part in Wall ...