The fund holds around 60 stocks and has accumulated $60 million in assets. Although many individual SPACs have struggled with performance this year, the SPAK fund may offer clients a small piece of the equity market they don’t already own.
ETFs linked to traditional IPOs and SPACs offer exposure to a generation of companies that could become the next mega-caps. In the end, the ride will be bumpy, but it could be worth taking.
Ron DeLegge is founder and chief portfolio strategist at ETFguide, and is the author of Habits Of The Investing Greats.