KOL shares something in common with some other niche ETFs. Although it is not a pure emerging markets fund, it does have a decent weight to developing nations, exposing the fund as vulnerable in the current toxic environment for emerging markets stocks. [Falling Emerging Markets Harming These Non-EM ETFs]
China is 16.3% of KOL’s weight while Indonesia, Thailand, South Africa, Poland and Russia combine for over 20%.
For a trade KOL could be worth a look if it finds support at $17 and that may be the best near-term prognosis for the downtrodden ETF.
Market Vectors Coal ETF
ETF Trends editorial team contributed to this post.