Coal stocks are set to gain about 35% for the second half of 2011, as U.S. thermal coal producers are increasing exports to Asia and Europe, Goldman predicted. “We now see attractive 35% average upside for the group after recent underperformance on China fiscal tightening and US/global growth concerns,” Benjamin said in the note.
KOL holds Peabody at 7.7% of the portfolio and Patriot Coal accounts for 1.6%.
Market Vectors Coal
Tisha Guerrero contributed to this article.