mainly in the western U.S., it is a principle mover of coal to ports on the west coast,” The ETF Professor Reports From Benzinga.
“That coal eventually finds its way to Asia, namely China. China’s power supply is still coal-fired and demand for coal is expected to increase in the coming years,” The ETF Professor Reports.
“While coal is controversial in the U.S. because it isn’t the cleanest fuel around, the ETF Professor thinks opportunities exist with the Market Vectors Coal ETF (NYSE: KOL). Top holdings included Alpha Natural Resources (NYSE: ANR) and Peabody Energy (NYSE: BTU),” The ETF Professor Reports.
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Here’s a look at the Market Vectors Coal ETF (KOL):
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 ( 63.98% OF TOTAL ASSETS)|