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Why Spacs could go from flashy no-profit ventures to handy ETFs
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Investing in Spacs isn’t about the adrenaline rush it used to be.
As markets sour on speculative assets, a new exchange-traded fund is offering a twist on investing in special-purpose acquisition companies. Sometimes called “blank-cheque” vehicles, Spacs last year became Wall Street’s favourite way to list flashy ventures with no profits.
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