SPAX Q1 2022 Commentary & Outlook
The Robinson Alternative Yield Pre-Merger SPAC ETF (ticker: SPAX) completed its third full quarter. The Fund returned 0.06% for the quarter on a price basis and 2.27% for its first three quarters; it returned 0.02% on a net asset value basis for the quarter and 2.35% for the three quarters. Following is the Q1 2022 […]
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 decided to look back at the previous rate hike cycles in which the Fed moved at least 1.75% (Wall Street’s consensus for rate hikes this year). There have been eight such cycles over the past 50 years. Typically, the bond […]
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 decided to look back at the previous rate hike cycles in which the Fed moved at least 1.75% (Wall Street’s consensus for rate hikes this year). There have been eight such cycles over the past 50 years. Typically, the bond […]
How to Address Low Yields and Rising Rates
Despite your views, it’s all over the news. BLOOMBERG: “Investors throw cash at any ETF with inflation in the name.” INVESTING.COM: “Inflation readings come in screaming hot.” YAHOO FINANCE: “Google searches reveal people are growing very worried about inflation.” The accelerating pace of inflation is one of the main economic trends of 2021. Higher rates […]
Forget Everything You Know About SPACs
How is Smart Money Investing in SPACs? SPACs have historically been marketed and sensationalized by the financial media as a way for retail investors to participate in the next Tesla or Amazon IPO.1 While exciting to talk about, what if I told you that’s not how hedge funds, institutional investors and ultra-high net worth individuals […]
SPAX Q3 2021 Commentary & Outlook
The Robinson Alternative Yield Pre-Merger SPAC ETF (ticker: SPAX) recently completed its first full quarter. The Fund returned a negative 0.45% for the quarter on a price basis; it returned a negative 0.24% on a net asset value basis. Below is the third quarter attribution analysis for the Fund’s NAV return relative to its benchmark […]
What is a Special Purpose Acquisition Company (SPAC)?
What is a SPAC? A Special Purpose Acquisition Company (SPAC), also known as a blank check company, is a company formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring (or merging with) one or more existing private companies. SPACs generally have 18-24 months to complete a business combination. […]
