FUND LAUNCH

Defiance ETFs launches into SPACs space with SPAK

Defiance ETFs launches into SPACs space with SPAK

That most fashionable, but potentially volatile, of sectors, Special Purpose Acquisition Companies (SPACs) has seen enormous growth so far this year, with 133 SPACs, which are also known as blank cheque companies, floated in the US, raising USD51.1 billion, nearly four times last year’s volume, and a further 67 waiting to launch, according to Spac Research. Some 80 SPACs raised more than USD32 billion in Q3 2020.

FUND LAUNCH

Rareview ETF launch focuses on closed end fund solution to yield needs

Rareview ETF launch focuses on closed end fund solution to yield needs

US-based registered investment adviser and ETF issuer, Rareview Capital LLC, is targeting the yield needs of investors with the launch of two ETFs designed to generate a high monthly income.  The Rareview Dynamic Fixed Income ETF (RDFI) and the Rareview Tax Advantaged Income ETF (RTAI) seek to combine the traditional benefits of fixed income with the non-traditional advantages of closed-end funds.