ETF launches cap frenetic fund activity in uranium sector

Nuclear power has been added to the EU’s green taxonomy © Lehtikuva/AFP via Getty Images Latest news on ETFs

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The launch of the first two European-listed uranium exchange traded funds, coming hot on the heels of a $1bn US uranium ETF acquisition, are the latest indicators of what has been a flurry of fund activity in nuclear fuel investment.

But despite the huge speculative interest, especially from investors in an investment trust that is less than a year old, industry observers warn there are no guarantees that last year’s strong performance will be repeated — even with a looming European energy crisis sparked by the Ukraine war.The speculative activity has been led by Sprott Asset Management, which gained notoriety last year after its Sprott Physical Uranium Trust (SPUT), which launched in July, began stockpiling […]

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