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A new ETF will let investors participate in the stock market's $22 billion SPAC craze

1 month ago   |   By Business Insider

Investors may soon be able to access the growing hype around SPAC offerings with the launch of a new exchange-traded fund.
The Defiance NextGen SPAC IPO ETF plans to be the first such instrument tracking the newly popular offerings, according to a Friday SEC filing .
More than $22.5 billion has been raised over 55 SPAC offerings in 2020 so far, according to SPACInsider.com. The fundraising sum has already eclipsed last year's total.
If the ETF comes to market, it will boast an 80% concentration in SPAC-derived IPO offerings. The rest of the ETF would invest in IPO companies...
Read more ...

 

A new ETF will let investors participate in the stock market's $22 billion SPAC craze

A new ETF will let investors participate in the stock market's $22 billion SPAC craze

1 month ago   |   By Business Insider

Investors may soon be able to access the growing hype around SPAC offerings with the launch of a new exchange-traded fund.
The Defiance NextGen SPAC IPO ETF plans to be the first such instrument tracking the newly popular offerings, according to a Friday SEC filing .
More than $22.5 billion has been raised over 55 SPAC offerings in 2020 so far, according to SPACInsider.com. The fundraising sum has already eclipsed last year's total.
If the ETF comes to market, it will boast an 80% concentration in SPAC-derived IPO offerings. The rest of the ETF would invest in IPO companies...
Read more ...

 


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