ETF Spotlight on Market Vectors Coal (NYSEArca: KOL), part of an ongoing series.
Assets: $530 million.
Objective: The Market Vectors Coal fund tries to reflect the performance of the Stowe Coal Index, which tracks global companies engaged in the coal industry.
Holdings: Top holdings include: China Shenhua Energy Co. 9.29%, Joy Global Inc. 8.40%, Consol Energy Inc. 8.21%, Peabody Energy Corp. 8.19% and Alpha Natural Resources Inc 6.60%.
What You Should Know:
- The ETF is sponsored by Van Eck Global.
- KOL has an expense ratio of 0.59%.
- Sub-sector allocations include: coal mining and production 68.3%, coal mining equipment 15.6%, coal power generation 10.2%, coal technology 5.6% and coal transportation 0.3%.
- Country allocations include: U.S. 55.4%, China 16.2%, Indonesia 10.8%, Australia 8.4%, South Africa 2.09%, Canada 2.6%, Hong Kong 2.1%, Singapore 0.9%, Philippines 0.59% and Japan 0.2%.
- The fund is down 16.12% in the past month, down 15.06% in the last 3-months, down 14.52% year-to-date, but up 15.07% over the past year.
The Latest News:
- Coal-related stocks followed the broad market sell-off, reports Alexander Schachtel for Wall St. Cheat Sheet.
- KOL has mirrored almost double the losses of the Dow and S&P during last week’s trading.
- Poor earnings reports and plummeting energy prices have pulled down coal company stocks as future demand becomes cloudier over the near-term.
- Walter Energy (NYSE: WLT) was one of the more notable losers after reporting disappointing quarterly results. Alpha Natural Resources (NYSE: ANR) also reported lower-than-expected earnings.
For past stories in this series, visit our ETF Spotlight category.
Market Vectors Coal
Max Chen contributed to this article.
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.