$20.56
0.09 (+0.44%)
Claymore/Beacon Spin-Off ETF (NYSE:CSD)
CAPS Rating:
Seeks investment results that correspond to the equity index called the Beacon Spin-off Index.
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An interesting idea: an ETF to track the spin-offs of parent companies. I've found that IPOs usually lose me money, so I avoid them like Jim Cramer's breath. But this ETF ranks the recent offspring semi-annually according to a most-likely-to-succeed ratio and puts more weighting on those puppies, rather than a general glossy finish on all subjugates. The result (hopefully) is that the Winners will win by a bigger percentage than by which the Losers lose. Marginal thumbs up. Thanks to Hodarius for pointing this one out to me.