Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 279

Exchange Traded Concepts Launches Uranium Mining ETF

Posted by fidest press agency su domenica, 8 dicembre 2019

Exchange Traded Concepts, LLC, (“ETC”), a leader in providing white label Exchange Traded Fund (ETF) solutions, in conjunction with North Shore Indices, Inc., today announced that it has launched the North Shore Global Uranium Mining ETF (NYSE ARCA: URNM).
URNM is a targeted play on the uranium mining sector, that offers efficient access to a global, basket of companies in the Uranium industry. This fund offers a thematic play on potential nuclear power demand growth and uranium supply deficits. The ETF tracks the The North Shore Global Uranium Mining Index which is a focused uranium mining index. The index holds both miners and holders of physical uranium. It is currently tilted towards junior miners.Uranium as a commodity has long been misunderstood due to the complexity and opacity of the nuclear fuel cycle. After experiencing a peak price of nearly $140/lb. in 2007, prices have declined by over 80%, mainly due to oversupply. According to Numerco, as of 12/2/2019 the spot price of physical uranium was approximately $26/lb.
Focused on companies with exposure to the uranium sector, this newly created Global Uranium Mining ETF should allow investors to benefit from potentially favorable uranium fundamentals. As the world’s thirst for clean, 24×7, emissions-free sources of alternative energy continue to grow, nuclear power is emerging as a potential means to meet this demand. According to the World Nuclear Association’s most recent Nuclear Fuel Report there are 444 operating nuclear reactors, with 54 under construction, 111 planned, and 349 proposed.

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