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
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