Vaneck Vectors Coal News Today : Breaking News, Live Updates & Top Stories | Vimarsana
This is beyond imagination : Poland homeowners are lining up for days, sleeping in their cars to buy fuel — while the demand is keeping coal stocks white-hot
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Senator Joe Manchin just said he won t support the climate bill — is it time to dump solar stocks for good and double down on coal producers?
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The
VanEck Vectors Coal ETF (KOL) may no longer be trading as of December 22, but that only opens up opportunities for ETF investors to play a move away from fossil fuels. One fund to consider is the
With a Joe Biden administration ready to take over the White House, his emphasis on clean energy could negatively impact fossil fuels. With a potential move away from coal, this could have been an impetus for the fate of the KOL fund.
“The only coal-focused exchange-traded fund is closing at 12 years old, another sign of investors’ desire to withdraw from the industry,” a Barron’s article noted. “The VanEck Vectors Coal ETF, which went public in January 2008 under the ticker KOL, stopped trading this month and will return investors’ money on Dec. 22. It had about $35 million in assets. At its height in 2011, the ETF had $908 million, said Ed Lopez, head of ETF Product at VanEck Associates.”