The new Coal ETF launched in Jan '08 is getting real hot these days. More about the COal ETF here:
Market Vectors Coal (KOL), as you might guess from the name, tracks an index made up of 60 companies involved in the mining or transportation of coal, manufacture of coal mining equipment and the production of clean coal.
The most heavily weighted components of the index are China Coal Energy Co. (based in Hong Kong, 8.1%), Consol Energy Inc. (CNX, 8.1%), and Bumi Resources (based in Indonesia, 8%). The United States is the most heavily represented country in the index, at 39.6%. Hong Kong is 24% and Indonesia is 11%. More breakdowns are available on the index's fact sheet.
Tuesday, June 10, 2008
Coal ETF is getting hot
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment