New ETF: Access to companies with focus on uranium and nuclear energy

VanEck provides exposure to companies engaged in uranium mining and nuclear power generation.
 

8 February 2023. FRANKFURT (Börse Frankfurt). A new exchange-traded fund issued by VanEck has been tradable on Xetra and via Börse Frankfurt since Wednesday.

The VanEck Uranium and Nuclear Technologies UCITS ETF offers investors access to companies worldwide that generate at least half of their revenues from uranium or nuclear energy infrastructure. This includes the mining, exploration, development and production of uranium and other activities that support uranium mining. Uranium is used especially in nuclear power plants to generate electricity.

The benchmark index currently comprises 25 companies mainly based in Canada, Japan, USA, and South Korea. The weighting of a company is limited to 15 per cent.

The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,012 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.

8 February 2023, © Deutsche Börse AG