Claymore/Beacon Spin-Off (NYSEArca:
exchange traded fund (
) may be a bit of a mystery, but one thing's clear: it's been
performing strongly for the last year and year-to-date.
A spin-off is any company resulting from either of the
following events: a spin-off distribution of stock of a subsidiary
company by its parent company to parent company's shareholders or
equity "carve-outs" or "partial initial public offerings" in which
a parent company sells a percentage of the equity of a subsidiary
to public shareholders. [
More New ETFs From Claymore.
The Spin-off Index holds approximately 40 stocks selected, based
on investment and other criteria, from a broad universe of
U.S.-traded stocks, ADRs and MLPs. According to the
, companies in the index have been spun-off within the past two
years, without limitations on market capitalization, but which are
primarily small- and mid-cap companies with capitalizations under
The Claymore/Beacon Spin-Off ETF (NYSEArca:
is up 8.5% year-to-date and 46.2% in the last year. Digging deeper
into the fund, there are some events that appear to have been
driving it higher lately:
) and Novell (NASDAQ:
) today announced an expansion to their strategic partnership
with an original equipment manufacturer (
) agreement through which VMware will distribute and support the
) Linux Enterprise Server operating system.
Mary Jo for zdnet reports that
the deal has Microsoft (NASDAQ:
) a little nervous. VMW is 4.6% of CSD.
- Lord Abbet & Co. disclosed in an amended SEC filing that
it has upped its stake in top CSD component Wabco Holdings (NYSE:
), from 9.3% to 11.03%. WBT is 4.6% of CSD.
- The recent moves by Coca-Cola (NYSE:
) and PepsiCo (NYSE:
) to buy out their biggest U.S. bottling partners triggered
negotiations that will likely dump over $1 billion in Dr Pepper
Snapple Group's lap. The two beverage giants want to keep Dr
Pepper Snapple's (NYSE:
) brands in their distribution system, as they can drive up sales
of the colas with which they share shelf space,
says Jeremiah McWilliams for AJC
. DPS is 4.4% of CSD.
Tisha Guerrero contributed to this article.