New Benchmarks For Coal, Gaming ETFs

July 20, 2012

Both the Market Vectors Coal ETF (NYSEArca: KOL) and the Market Vectors Gaming ETF (NYSEArca: BJK) have struggled as of late, with KOL losing 27.5 percent year-to-date while BJK is down 13.8 percent over the past three months, reports Lydon.

KOL will track Market Vectors’ new Global Coal Index, while BJK will follow the Market Vectors Global Gaming index changing from the S-Network Global Gaming Index, the article said.

The trend of creating and changing ETFs to a fund providers’ private index could be seen as an attempt to cut out the middle man—index providers—to increase revenues for ETF providers and cut costs for clients, according to the article.

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