SPAX Facts
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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.
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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.
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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.
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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
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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.
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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
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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).
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SPAX Q3 2021 Commentary & Outlook
The Robinson Alternative Yield Pre-Merger SPAC ETF (ticker: SPAX) recently completed its first full quarter.
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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.
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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.