Tuesday, February 12, 2008

New ETFs specialty.

Van Eck Global launched new specialty ETFs in Market Vector group. After several municipal bonds ETF there are 2 really unique exchange traded funds.

Gaming ETF (BJK)
This investment is following up S-Network Global Gaming Index covering 69 worldwide companies from gaming industry. Industry segments are casino and race track operations, horse race and sport betting. Major Index constituents are International Game Technology (IGT)11,6%, Las Vegas Sands (LVS) 7,6%, MGM Mirage (MGM) 7,1%, Wynn Resorts Ltd (WYNN) 5,4%. Country breakdown: United States 43%, Australia 15%, Malaysia 9%.

Coal ETF (KOL)
This ETF returns performance of Stowe Coal Index which consists of 60 companies from coal industry. Again it is with worldwide exposure. Major Index constituents are BUMI Resources 9,5%, CONSOL Energy Inc. (CNX) 9,1%, Peabody Energy (BTU) 7,23%, Arch Coal (ACI) 5,7%, Joy Global Inc. (JOYG) 4,7%, Bucyrus International Inc. (BUCY) 4,4%, Massey Energy Company (MEE) 2,5%. Country breakdown: United States 40%, Hong Kong 24%, Indonesia 11%.


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