Van Eck Global, a money management firm, recently launched the first coal industry exchange-traded fund on the New York Stock Exchange.

The fund will track the performance of the Stowe Coal Index, a basket of 60 coal companies that list on a number of exchanges, and allow investors to gain exposure to a broad spectrum of companies involved in the production, equipment manufacturing and transport of coal.

“We’re delighted to welcome Van Eck back to the exchange with the addition of the Market Vectors – Coal ETF to our ETF marketplace,” said Lisa Dallmer, senior vice president of exchange-traded funds and indexes at NYSE. “This ETF provides investors with direct access to a diverse portfolio of the world’s leading coal stocks and we are pleased to have the first ETF in the U.S. to target the coal industry listed on NYSE Arca.”

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