The Spin on the Claymore/Clear Spinoff ETF (CSD)
July 24th at 12:01pm by Tom Lydon
Launched in December of 2006, the Claymore/Clear Spin off (CSD) exchange traded fund (EFT) has been doing well lately. It’s up 24.1% year-to-date. But what exactly is this new EFT?
CSD passively tracks the Clear Spin-off Index that holds 40 securities. It invests 90% of its assets in common U.S. stocks and American depositary receipts (ADRs) that comprise the Spin-off Index. The Spin-off Index is designed to actively represent companies that have "spun-off" from larger companies and outperform the Russell Mid-Cap Growth Index, according to Claymore’s website.
CSD’s top holdings and their weightings are:
- Expedia (EXPE) – 5.4% (Expedia just reduced its buyback plan, and its stock got clocked today.)
- CBS (CBS) – 5.2%
- Wyndham Worldwide (WYN) – 5.2%
- Discovery Holding (DISC) – 5.2%
- Tim Horton’s (THAI) – 5.1%
