SPCX
The SPAC and New Issue ETF
📎 Investment Objective
The SPAC and New Issue ETF (SPCX) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the SPAC and New Issue Index.
Overview
ETF tracking The SPAC and New Issue ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The SPAC and New Issue ETF (SPCX) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the SPAC and New Issue Index.
🎯 Investment Strategy
The ETF invests in a portfolio of special purpose acquisition companies (SPACs) and newly issued securities. The fund's investment strategy aims to track the SPAC and New Issue Index, which is designed to measure the performance of the SPAC and new issue market.
✨ Key Features
- Exposure to the SPAC and new issue market
- Passively managed to track the SPAC and New Issue Index
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Concentration risk as the fund is focused on a specific market segment
- Volatility risk as the SPAC and new issue market can be highly volatile
- Liquidity risk as some SPAC and new issue securities may have limited trading volume
- Lack of long-term performance history to evaluate the fund's track record
👤 Best For
This ETF may be suitable for investors seeking exposure to the SPAC and new issue market as part of a diversified portfolio. However, due to the fund's limited history and the inherent risks of the SPAC and new issue segment, it is generally recommended for investors with a higher risk tolerance and a long-term investment horizon.