In May, coal stocks weakened after Stanford University became the first major university to divest from fossil fuel producers perceived as major polluters, selling off $18.7 billion of stocks in coal miners. More recently, the University of Dayton announced it will divest coal and fossil fuels from its $670 million investment pool to reflect the university’s commitment to environmental sustainability, according to UDayton.
Investors who still believe coal can make a comeback after the dip this year can take a look at the Market Vectors Coal ETF (NYSEArca: KOL). The ETF tracks global coal companies from the U.S. 40.2%, China 21.3%, Australia 10.8%, Thailand 7.1%, Indonesia 6.2%, Canada 4.6%, Poland 3.9%, South Africa 3.6% and Philippines 2.2%. KOL has declined 3.9% year-to-date. [Coal ETF’s Comeback Act]
Market Vectors Coal ETF
For more information on the coal industry, visit our coal category.
Max Chen contributed to this article.