Fund fights: Global X Uranium UCITS ETF vs Sprott Uranium Miners UCITS ETF

Fund Fights is a series where ETF Stream analyses the strengths and weaknesses of two ETFs. This month, it is the battle of the uranium ETFs as Global X’s URNU and Sprott AM’s URNM go head-to-head As the European Commission revives nuclear power’s role in the sustainable finance discussion, investors in Europe can once again seek wrapped exposure to uranium via the newly-launched Global X Uranium UCITS ETF (URNU) and Sprott Uranium Miners UCITS ETF (URNM).

Although nuclear energy has been fairly unfashionable in recent years, it still makes up 25% of the EU’s and 19% of power supplies in the US, according to data from the World Nuclear Association.

Elsewhere, China plans to spend as much as $440bn over the next 15 years to roll out an additional 150 reactors, which the International Energy Agency expects will make it the world’s largest producer of nuclear power.

Closer to home, a turning […]

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