Van Eck launches Coal ETF

Van Eck Global launched trading of the Market Vectors–Coal ETF on the New York Stock Exchange today.
JAN 14, 2008
By  Bloomberg
Van Eck Global launched trading of the Market Vectors–Coal ETF (KOL) on the New York Stock Exchange today. The exchange traded fund will enable U.S. investors to gain exposure to a broad spectrum of companies involved in the transport, equipment manufacturing, and production of coal. The ETF aims to replicate as closely as possible, before fees and expenses, the price and yield performance of the Stowe Coal Index (COAL), which is a basket of the securities of coal companies worldwide listed on global exchanges. The fund carries an expense ratio of 0.65%. The arrival of KOL comes a week after the Market Vectors-Lehman Brothers AMT-Free Long Municipal Bond Index ETF was launched by Van Eck on the American Stock Exchange. (InvestmentNews, Jan. 7). The New York City-based asset manager also launched the Market Vectors-Lehman Brothers AMT-Free Intermediate Municipal Index ETF on the Amex in early December. Van Eck has $9.2 billion in assets as of Dec. 31, 2007 including seven ETFs with a total of $3.6 billion in assets under management.

Latest News

RIA M&A stays brisk in first quarter with record pace of dealmaking
RIA M&A stays brisk in first quarter with record pace of dealmaking

Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.

New York Dems push for return of tax on stock sales
New York Dems push for return of tax on stock sales

The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.

Human Interest and Income Lab streamline workflows for retirement-focused advisors
Human Interest and Income Lab streamline workflows for retirement-focused advisors

The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.

Buy or sell Canada? Wealth managers watch carefully as Canadians head to the polls
Buy or sell Canada? Wealth managers watch carefully as Canadians head to the polls

Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.

Carson, Lido strengthen RIA networks with bicoastal deals
Carson, Lido strengthen RIA networks with bicoastal deals

Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.