SPAC Strength May Be Spilling Into High Yield Bond ETFs
SPAC Strength May Be Spilling Into High Yield Bond ETFs April 26, 2021 An investing spike in special purpose acquisition companies (SPACs) is spilling over into high yield. One asset to consider is the actively managed “The wave of cash raised by special-purpose acquisition companies is rolling into the junk debt market, aiding distressed companies and rewarding investors who own their bonds and loans,” a Wall Street Journal article said. “SPACs, also known as blank-check companies, have issued roughly $100 billion of stock this year, a record, to buy private companies and take them ...
Source: etftrends.com