Coal ETFs to Consider Following International Coal Deal | ETF Trends

Exchange traded funds (ETFs) that invest in coal companies were in the spotlight Monday on news Arch Coal (NYSE: ACI) is buying International Coal Group (NYSE: ICO) for $3.4 billion.

International Coal shares surged more than 30% after the deal’s announcement.

Coal and miner ETFs could also see action Monday following quarterly results from Massey Energy (NYSE: MEE).

ETFs tracking the coal sector include Market Vectors Coal ETF (NYSEArca: KOL) and PowerShares Global Coal Portfolio (NasdaqGM: PKOL).

Market Vectors Coal ETF

The opinions and forecasts expressed herein are solely those of John Spence, 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.