Coal ETF Burning on Embers
February 12, 2015 at 10:00 AM EST
A supply glut is snuffing out an exchange traded fund that tracks the coal industry as Chinese demand cools. The Market Vectors-Coal ETF (NYSEArca: KOL) has dipped 4.6% year-to-date, fell 18.3% over the past year and is trading near its lowest since March 2009. Coal prices are falling as an...