Going Nuclear: New Uranium ETF Launched

Good news for investors wishing to invest in uranium companies. GlobalX has just launched a new ETF, ticker URA, that invests in uranium miners. The ETF invests in a global pool of companies including uranium miners, refiners, and equipment makers.

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 The Global X Uranium ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Uranium Index.

The Solactive Global Uranium Index tracks the performance of the largest and most liquid listed companies that are active in some aspect of the uranium mining industry such as mining, refining, exploration, or manufacturing of equipment for the uranium industry. A specific capping methodology is used at the time of the semi-annual index review to seek to assure compliance with the rules governing the listing of financial products on exchanges in the United States. The index is calculated as a total return index in USD and adjusted semi-annually. The index is maintained by Structured Solutions AG.

 The management fee is 0.69%.