The "Other" Coal ETF (PKOL)
The ETF Professor has mentioned the Market Vectors Coal ETF (NYSE: KOL) as a bullish play several times recently, but there's another coal ETF that may be worth taking a look at.
PowerShares Global Coal Portfolio (Nasdaq: PKOL) is up about 45% over the past six months and offers a little bit more international exposure than KOL does. PKOL fund allocates 21% to China, 21% to Australia and 13% to Indonesia.
Like KOL, PKOL holds North American coal producers like Alpha Natural Resources (NYSE: ANR), Peabody Energy (NYSE: BTU) and Consol Energy (NYSE: CNX).
KOL gets most of the attention, but don't sleep on PKOL because the returns are quite similar to those offered by its more popular rival.
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