SPAX The SPAC ETF | SPACs Attack | Benzinga Stock Market Live

Benzinga
•July 27th, 2021
DESCRIPTION
On SPACs Attack Today Chris & Mitch go into SPAX another SPAC ETF this one from Robinson Capital.
Featured Guest: Jonathan Browne Portfolio Manager At Robinson Capital
https://www.robinsonetfs.com/
SPAX
Robinson Alternative Yield Pre-Merger SPAC ETF
Fund Summary
The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.
Co-Host: Mitch Hoch
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Co-Host: Chris Katje
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