Coal ETF Up 11% in Month Before Election | ETF Trends

One of the best-performing ETFs in the month leading up to the presidential election is Market Vectors Coal (NYSEArca: KOL), which has rallied nearly 11%.

Coal and other energy ETFs could be impacted by who sits in the White House the next four years.

For example, Mitt Romney has said he supports the coal industry and hinted he would ease regulations on the industry. “I like coal,” he said during the first debate.

“These stocks have been volatile, but you can’t discount what a man running for president said about coal. Call it the Romney rally,” Sterne Agee analyst Michael Dudas said in a Reuters report.

“There is investor perception that Romney would be a better advocate for coal,” added Lucas Pipes, of Brean Murray Carret & Co.

“In my administration, coal will not be a four-letter word,” Romney said previously.

The U.S. coal industry generates about 40% of the county’s electricity, according to a report.