“The Market Vectors Coal ETF (NYSE: KOL) was one of 2009′s top performing ETFs and KOL is off to a nice start in 2010 gaining about 6% in the first two trading days of the new year,” The ETF Professor Reports From Benzinga.

“Coal miners got a lift yesterday on news that the EPA has dropped its objections to Arch Coal (NYSE: ACI) and Patriot Coal’s (NYSE: PCX) planned application for mountaintop drilling in Logan County, West Virginia,” The ETF Professor Reports

“Even if President Obama is eventually successful in limiting coal use in the U.S., KOL’s international holdings give investors some buffer from the political whims of Washington. In fact, KOL is a true international ETF with four of its top 10 holdings based outside the U.S. Don’t forget steel demand. Metallurgical coal, which is produced by many of KOL’s constituents, is a key ingredient in the production of steel. So if steel demand is robust this year, KOL will benefit,” The ETF Professor Reports.

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Here is a detailed look at the Market Vectors Coal ETF (NYSE: KOL) below:

The investment (KOL) seeks replicate as closely as possible, before fees and expenses, the price and yield performance of the Stowe Coal index. The fund normally invests at least 80% of total assets in equity securities, which may include depositary receipts, of U.S. and foreign companies principally engaged in the coal industry. It normally invests at least 95% of total assets in securities that comprise the index. It is nondiversified.

TOP 10 HOLDINGS (KOL) ( 62.80% OF TOTAL ASSETS)

Company Symbol % Assets ALPHA NATURAL RES (ANR) 4.26 ARCH COAL INC (ACI) 5.12 China Coal Energy Co. Ltd. N/A 7.28 China Shenhua Energy Company Limited N/A 7.69 CONS ENERGY INC (CNX) 8.38 Joy Global Inc. (JOYG) 5.21 PEABODY ENERGY CORP (BTU) 7.99 PT Bumi Resources N/A 8.39 WALTER ENERGY, INC (WLT) 4.27 Yanzhou Coal Mining Company Limited N/A 4.21

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