Macro Minutes: SPACs: A Key Driver of Recent Equity Supply Trends

Key Points

  • Global aggregate equity supply expanded over the last 12 months.
  • SPAC activity is a key factor of recent equity supply expansion, particularly in the US.
  • Sentiment towards SPACs is recently challenged following increased scrutiny and poor performance.
Investing in financial markets involves a risk of loss and there is no guarantee that all or any invested capital will be repaid. Past performance neither guarantees nor reliably indicates future performance. The value of investments and the income from them will fluctuate with world financial markets and international currency exchange rates.