Some recent energy spinoffs have been duds, but health care and consumer sector spinoffs have delivered better performances, according to the Journal.
Energy is CSD’s fourth-largest sector weight at 13.2%, but that is well behind the 22.4% the ETF allocates to consumer discretionary stocks. CSD devotes over 30% of its combined weight to health care and consumer staples stocks.
CSD’s top 10 holdings include rumored takeover targets WhiteWave Foods (NYSE: WWAV) and Zoetis (NYSE: ZTS). [The Allure of the Spin-Off ETF]
Guggenheim Spin-Off ETF