VanEck debuts uranium and nuclear technology ETF

VanEck has launched a new thematic equity ETF in Europe targeting companies worldwide that are involved in the uranium mining or nuclear infrastructure industries. Nuclear power plants heat water to produce steam which is used to spin large turbines that generate electricity. The VanEck Uranium and Nuclear Technologies UCITS ETF has been listed on Deutsche Börse Xetra in euros ( NUKL GY ) with a listing on London Stock Exchange expected in the near future.

Uranium is the fuel most widely used by nuclear power plants as it has the unique feature of being able to self-sustain nuclear fission – the only known material to do so.

Although uranium is a relatively abundant metal, nuclear power plants typically require a certain quality of uranium, referred to as U-235, which is far more scarce.

Uranium prices struggled for much of the last decade after nosediving following the Fukushima disaster in March 2011 which […]

Click here to view original web page at www.etfstrategy.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.