Is The Sprott Uranium Miners ETF Worth Pursuing?

abadonian/iStock via Getty Images ETF Snapshot

The Sprott Uranium Miners ETF (NYSEARCA: URNM ) is a financial product that focuses on businesses that devote at least half their assets to the uranium mining industry. Typically, 82.5% of the portfolio comprises of explorers, miners, developers, and producers of uranium, whilst the rest of the portfolio is linked to businesses that hold the physical metal or generate uranium royalties. Do consider that the bulk of the stocks in URNM are domiciled in Canada (56%), and more than half the portfolio consists of small-cap stocks (market cap of less than $2bn). Also note that access to URNM does not come cheap, with an expense ratio of 0.85%, considerably higher than the 0.6-0.7% range seen with other alternatives. The Underlying Fundamentals Look Promising

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