Van Eck Global Launches Market Vectors® Global Spin-Off ETF (SPUN)

Van Eck Global has launched the Market Vectors Global Spin-Off ETF (NYSE Arca: SPUN), a new exchange-traded fund that seeks to benefit from the long-term potential of corporate spin-offs to unlock shareholder value. Spin-offs are generally the result of large companies divesting smaller subsidiaries in a way that may not trigger traditional Wall Street analyst coverage. Historically, this has resulted in short-term valuation disconnects. "A spin-off allows the new company to focus more intently on its core capabilities and often leads to an improvement in overall organizational efficiency," said Brandon Rakszawski, Product Manager at Van Eck Global. "These companies typically are exposed to selling pressure in the short See full press release