Bull And Bear Cases For Coal
By TradersHuddle:Currently, there are about 1,460 exchanged-traded products trading in the U.S. Year-to-date, less than 200 of them are sporting loss of 5% or more. Strip out the leveraged and inverse funds, and the number falls dramatically. In other words, a plain vanilla country or sector ETF that finds itself down by more than 5% is in some pretty infamous company.One of the more popular ETFs to be in that ugly club is the Market Vectors Coal ETF (KOL). It should be said that with KOL's recent woes has come a major loss in popularity. Today, the ETF has just $180.4 million in assets under management. That's less than half the total it had in November 2011 and that significant drop in AUM is indicative of the weakness that has permeated the coal sector going back to last year.Amid a natural gas glut and falling prices for that commodity,Complete Story »
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