Why Spacs could go from flashy no-profit ventures to handy ETFs
A new ETF is offering a twist on investing in special-purpose acquisition companies
Investing in Spacs isn’t about the adrenaline rush it used to be.
As markets sour on speculative assets, a new exchange-traded fund is offering a twist on investing in special-purpose acquisition companies. Sometimes called “blank-cheque” vehicles, Spacs last year became Wall Street’s favourite way to list flashy ventures with no profits.
Many...
