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

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NEW YORK--(BUSINESS WIRE)--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 com

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