Eoin, your SPAC Index. Is that a composite that you have drawn up from active SPACs? I have looked a few indices for this, but they show nowhere the decline yours does, I suspect that is because they will have a lot of weighting towards dormant SPACs that are trading in and around the $10 level.

Eoin Treacy's view

Thank you for this question which others may also be interested in. The SPAC Index was created by IPOX. Here is how they describe it on their website:

The IPOX® SPAC Index is designed to track the aftermarket performance of Special Purpose Acquisition Companies (SPACs) which pursued initial public offerings (IPO) in the U.S. The index is an applied market-cap weighted index measuring the performance of the top publicly traded SPACs. The index is actively reconstituted and adjusted.