According to the ETF Finder at ETF Channel, IILG makes up 4.54% of the Guggenheim Spin-Off ETF ( CSD) CSD which is trading lower by about 1.1% on the day Friday.
It has traditionally served as an effective tool to protect against interest-rate risk, Bill Belden said.
Bond laddering may not have been in vogue during the great bond bull market, but it has traditionally served as an effective tool to protect against interest rate risk.
Here are some points to consider if you want to invest in a spinoff.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Guggenheim Spin-Off ETF where we have detected an approximate $66.8 million dollar outflow -- that's a 11.4% decrease week over week (from 13,200,000 to 11,700,000). Among the largest underlying components of CSD, in trading today Navient Corp is up about 1.1%, CST Brands Inc is off about 0.3%, and Allegion plc is up by about 0.8%.