Spin Off ETF

There is an ETF that only invests in spin-offs. It is run by Claymore under the symbol CSD. According to Joel Greenblatt in his book, You Can Be a Stock Market Genius, spin-offs average 20% annualized returns. The specialized indexing strategy, developed by Clear Asset Management, is a black box but it should be interesting to see how she performs. It has gone up about 24% in the last 6 months compared to around 6% for the S&P. Fees are 0.5 and I note that Goldman has a 19% stake.

Here's CSD's current holdings and weights.