  The pure Fano-effect in angle-integrated valence-band photo-emission of
ferromagnets has been observed for the first time. A contribution of the
intrinsic spin polarization to the spin polarization of the photo-electrons has
been avoided by an appropriate choice of the experimental parameters. The
theoretical description of the resulting spectra reveals a complete analogy to
the Fano-effect observed before for paramagnetic transition metals. While the
theoretical photo-current and spin difference spectra are found in good
quantitative agreement with experiment in the case of Fe and Co only a
qualitative agreement could be achieved in the case of Ni by calculations on
the basis of plain local spin density approximation (LSDA). Agreement with
experimental data could be improved in this case in a very substantial way by a
treatment of correlation effects on the basis of dynamical mean field theory
(DMFT).

Strongly Correlated Electrons;Materials Science