Email of the day (3)
Comment of the Day

February 21 2011

Commentary by David Fuller

Email of the day (3)

More on uranium ETFs:
"Here is a link to information about a Uranium ETF that trades on the NYSE with an expense ratio of 0.66%."

David Fuller's view Thank you for this link to the Market Vectors Uranium + Nuclear Energy ETF (NLR US) (weekly & daily), which may well be of interest to some other subscribers. It currently has a market capitalisation of $300m. Note: the extreme data point in May was the flash crash and is present on a wide number of ETFs.

Eoin also pointed out some additional uranium instruments of likely interest.

In the USA: PowerShares Global Nuclear Energy (PKN US) (weekly & daily). This is newer and the market cap only $39m to date.

In the UK there are two ETFS, and you will also note the obvious data errors which BBG should correct shortly:

ETFS WNA Global Nuclear Energy Fund (NUKP UK) (weekly & daily), which is sterling denominated and has a market cap of £86m.

ETFX WNA Nuclear Energy Fund (NUKE UK) (weekly & daily), which is US dollar denominated and has a market cap of $140m.

As always, we suggest that anyone interested go to the website for each fund, to check costs and you should also be able to see their largest holdings. Lastly, nuclear shares can be particularly volatile and are therefore best purchased following setbacks.

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