27.05.2015 - Coal ETF Outlook Growing Dim
Some bargain hunters may be looking at the downtrodden coal industry and related exchange traded funds as the market remains near historic lows. However, coal remains depressed for a reason. Over the past three months, the Market Vectors-Coal ETF , which tracks the coal industry, has declined 6.9%. Additionally, the recently launched GreenHaven Coal Fund, which is designed to offer investors with exposure to daily changes in the price of coal futures contracts, has decreased 3.6%. Some may be tempted to catch the falling knife as the economy still depends on coal to meet growing electricity needs. However, the other fundamental factors may weigh on the space.........................................Full Article: Source
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