SPAC and ESG Fads on Collision Course With Billions at Stake
- SPAC IPOs have raised nearly $140 billion over the past year
- Bernstein strategists question if SPACs are good fit for ESG
This article is for subscribers only.
Two of the hottest equity market trends are headed for a clash as some ESG investors are having second thoughts about blank-check firms that have flooded the market.
Early signs show that money managers wedded to environmental, social and governance themes are reluctant to buy into special-purpose acquisition companies before a target has been identified. That could potentially cut SPACs out of an investment class that’s on course to exceed $53 trillion by 2025, according to Bloomberg Intelligence.
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
Up Next
SPAC and ESG Fads on Collision Course With Billions at Stake