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

IEA Nuclear energy may currently only account for a modest share of global electricity production, but it would […]

Click here to view original web page at seekingalpha.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.