The Securities and Exchange Commission (SEC) has cleared the way for two new exchange traded funds (ETFs) from Van Eck. The Market Vectors Coal (KOL), to be launched on the NYSE Arca, and Market Vectors Gaming (BJK), to be launched on the American Stock Exchange.
KOL will track an index of 60 companies involved in the mining or transportation of coal, manufacture of coal mining equipment and the production of clean coal. BJK will follow an index of 69 companies involved in the global gaming industry, including race track, sports and horse betting operations, online gaming and casinos.
The launch dates for these funds have not yet been released.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.