SPAX Facts
SPAX Q2 2023 Commentary & Outlook
The Robinson Alternative Yield Pre-Merger SPAC ETF (ticker: SPAX) returned 1.66% for the second quarter of 2023 on a price basis and 4.18% for the year-to-date; it returned 1.78% on a net asset value basis for the quarter and 3.29% year-to-date.
SPAX Q1 2023 Commentary & Outlook
The Robinson Alternative Yield Pre-Merger SPAC ETF (ticker: SPAX) returned 2.47% for the first quarter of 2023 on a price basis and 3.69% for the trailing 12-months; it returned 1.48% on a net asset value basis for the quarter and 3.92% the past 12-months.
SPAX Q4 2022 Commentary & Outlook
The Robinson Alternative Yield Pre-Merger SPAC ETF (ticker: SPAX) returned 0.73% for the fourth quarter of 2022 on a price basis and 1.25% for the full year; it returned 1.94% on a net asset value basis for the quarter and 2.43% for all of 2022.
It Ain’t Over Till It’s Over
Bond investors are slowly coming to the realization that historically longer term bond yields tend to peak plus-or-minus a month around the LAST Fed rate hike of the cycle
SPAX Q3 2022 Commentary & Outlook
The Robinson Alternative Yield Pre-Merger SPAC ETF returned 0.24% for the third quarter of 2022 on a price basis and 3.21% for the trailing 1-year period; it returned 0.51% on a net asset value basis for the quarter and 3.07% for the 1-year period.
Hard or Soft Landing and Why It Matters for Bond Investors
The conservative expected return of the pre-merger SPAC market over the next 12 months is 6%, regardless of whether the landing is soft or hard
SPAX Q2 2022 Commentary & Outlook
Robinson Alt Yield Pre-Merger SPAC ETF returned 0.22% for the second quarter of 2022 on a price basis and 2.49% for its first full year; it returned a negative 0.06% on a net asset value basis for the quarter and 2.30% for the year.
How to Benefit from a Hawkish Federal Reserve
Now that the Fed is pursuing a particularly hawkish rate hike path, that income potential is becoming more and more meaningful.
Absolute Return: Bringing Calm to a Volatile Market
SPAC Arbitrage provides exposure to pre-merger SPACs given their attractive asymmetric risk adjusted returns, downside risk mitigation, equity-like capital appreciation potential, and uncorrelated nature to stocks and bonds.
How’s your 60/40 model Working?
Bond yields are at a level where they are mathematically incapable of providing a principal protection cushion should rates rise, a meaningful yield advantage over stocks, or a negative correlation with stocks
SPAX Q1 2022 Commentary & Outlook
Robinson Alt Yield Pre-Merger SPAC ETF returned 0.06% in Q1 22 on a price basis and 0.02% on a NAV basis. It returned 2.27%, for its first 3 quarters.
Behavior of Various Fixed Income Strategies in a Fed Tightening Cycle
As the bond market prepares for the start of a Fed rate hike cycle, we look at the previous rate hike cycles in which the Fed moved at least 1.75%. There have been 8 over the past 50 yrs.
Don’t Believe Everything you Hear in the Media
The media often highlights negative returns of post-merger SPACs and tends to omit outperformance generated by the pre-merger SPAC universe. Find out why we built an ETF exclusively around pre-merger SPACs.
Are ETFs the Ultimate SPAC Wrapper
Picking the right SPAC requires in-depth analysis and due diligence. SPAC ETFs make choosing the right SPAC more manageable.
How to Address Low Yields and Rising Rates
Robinson Capital manages an ETF portfolio (SPAX) that may serve as an inflationary hedge in your investment portfolio(s).
SPAX Q3 2021 Commentary & Outlook
The Robinson Alternative Yield Pre-Merger SPAC ETF (ticker: SPAX) recently completed its first full quarter.
Forget Everything You Know About SPACs
SPACs are generally marketed and sensationalized by the media as a way for retail investors to participate in the next hot IPO. We have a different view.
What is a Special Purpose Acquisition Company (SPAC)?
SPACs are companies formed strictly to raise capital through an IPO for the purpose of acquiring one or more existing private companies.
