Claymore’s CSD ETF Could Get a New Spin
August 30th at 11:27am by Tom Lydon
The Claymore/Clear Spin-off (CSD) exchange traded fund (ETF) might see its holdings shift if the recently reported spinoffs are created and do well. The upcoming company spinoffs include:
- A Phillip Morris International unit created from Altria Group (MO), according to Vinnee Tong for the Associated Press.
- Intel (INTC) and STMicroelectronics want to spin off and combine a flash memory business, reports Ben Ames for InfoWorld.
CSD tracks the Spin-off Index that is designed to represent the stocks of companies that recently have been "spun-off" from larger corporations. These spin-off companies are expected to be able to better focus on their core market segment and thus outperform the Russell 2000 Small-cap Index. The Spin-off Index is adjusted semi-annually to ensure timely stock selections. Some of CSD’s current top holdings include Expedia (EXPE), Viacom (VIA-B) and Fidelity National Financial (FNF). It’s currently up 14.4% year-to-date.
