European ETF provider HANetf has launched what it claims is Europe’s first exchange-traded investment vehicle focused on smaller uranium miners.
The firm has linked up with Sprott Asset Management for the release of Sprott Junior Uranium Miners Ucits ETF.
The ETF will be listed on the London Stock Exchange, Germany’s Xetra and the Borsa Italiana later this month and will track the Nasdaq Sprott Junior Uranium Miners index.
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The fund is the fourth collaboration between the HANetf and Sprott – the first of which was the Sprott Uranium Miners Ucits ETF which has since gone to gather over US$300 million in assets and claims to be the largest uranium-focused ETF in Europe.
A key reason for the fund launch is the growth of the nuclear power sector, which is likely to increase further following a declaration at the COP28 climate conference by the US, Canada, France, Japan and the UK to increase nuclear energy capacity threefold by 2050.
“Given global clean energy requirements and a positive shift in the view toward nuclear energy, new and developmental-stage uranium miners may stand to benefit,” statedAN
HANetf.
