The following 10 European ADRs have daily trading volume of over 2.5 millions shares:
While many tech stocks are up this year, Nokia is still down 18% YTD. The financial giant ING has lost 15% YTD. Due to the strong rebound of the Russian market, Vimpel Communications has soared over 167% so far this year.
Coal is still the major source of electricity generation in many countries including China, USA and others. China has plenty of coal and uses most of the coal mined for domestic power generation. In the US, coal is mined heavily from states like West Virginia and used in power plants.
One way to invest in coal stocks is to review the Russell Global Coal Index which measures the performance of all coal related stocks. There are 52 stocks from 17 countries in this index.
The ETFX Russell Global Coal Mining Fund ETF (KOAL.L) from ETF Securities tracks the Russell Global Coal Index. As of September, 2009 the Russell Global Coal Index is up 152% compared to 3.6% for the S&P 500.
The Top 10 Holdings from the ETFX Russell Global Coal Mining Fund are listed below:
1 China Shenhua Energy Co Ltd
China
2 Peabody Energy Corp. (BTU)
USA
3 Consol Energy Inc. (CNX)
USA
4 China Coal Energy Co
China
5 Bumi Resources Tbk PT
Indonesia
6 Alpha Natural Resources Inc. (ANR)
USA
7 Arch Coal Inc. (ACI)
USA
8 Walter Energy (WLT)
USA
9 Yanzhou Coal Mining Co Ltd
China
10 Massey Energy Co. (MEE)
USA
Dubai: business as usual – When news broke of Dubai World’s economic crash, many feared that the emirate was heading for disaster. But among the high-rise hotels and high-end boutiques, there is much more optimism
WORLD’S FAVOURITE MINING STOCKS
Following the smart money – The normal suspects are in good demand, but bargain hunters are now also snapping up oversold subsectors such as platinum and potash.
Microcredit loans have revolutionized the world of finance in developing nations. Now Muhammad Yunus, the Nobel Peace Prize laureate behind the concept, wants to see similar programs in the industrialized world. In a SPIEGEL ONLINE interview, he explains why Germany’s poor should be given loans Interview with Nobel Laureate Muhammad Yunus- ‘Everyone Should Have the Right to Credit’
Total Eclipse At The Heart Of Dubai’s World
Asian SWFs have overtaken Middle East government investment arms as the largest acquirers of assets this year, and the biggest increase in spending is in the natural resources sector.Asian sovereign funds are biggest SWF spenders in 2009
For millions of followers, the prosperity gospel encouraged financial risk in the name of God. Did Christianity Cause the Crash?
It is tradesmen left with unpaid bills who will suffer most from Dubai’s problems; Abu Dhabi has thrown a tarpaulin over its own banks to dampen contagion. Far more worrying is the commercial real estate problem in the United States. – US the problem, not Dubai
Canadian Royalty Trusts pay out a high portion of their profits to shareholders as dividends. Out of the many royalty trusts that trade in the US markets, five are listed below with their current dividend yields:
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Though the Baytex Energy Trust currently offers a lower yield than others the yield is set to increase. From a news release yesterday: “Baytex is also pleased to announce that our Board of Directors has approved a distribution level of $0.18 per unit per month, an increase of 50% from the current level of $0.12 per unit per month. The $0.18 per unit distribution will commence with the distribution in respect of December 2009 operations, which will be payable on January 14, 2010 to unitholders of record on December 31, 2009.”
Unlike American royalty trusts Canadian trusts can acquire additional properties when the inital ones run out of oil or gas or other natural resources they extract. Canadian trusts also do not pay corporate taxes as long as they pay out a high proportion of profits as dividends to trust unit holders. It must be noted however that this special tax treatment of trusts is set to end in 2011. The Canadian government will then start taxing them as regular corporations and remove the special tax advantages they enjoy now. As a result of this tax treatment change these trusts will not be able to offer such high yields in the future.
