ETF Trends CEO Tom Lydon discussed the
SPAC and New Issue ETF (SPCX) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.
SPCX is an actively-managed fund that aims to provide a broad exposure to Special Purpose Acquisitions Corporations (SPACs) and newly-listed firms.
According to Tuttle, the most appropriate strategy for managing a portfolio of SPACs is through active management as it can be more flexible in reacting to market events. This is no place for an index fund based on a rigid set of rules. When looking at investing in a SPAC, focusing on the management team is key.