Horizons launches uranium ETF

By Staff | May 16, 2019 | Last updated on May 16, 2019
1 min read

A new ETF providing exposure to the global uranium market started trading Thursday on the Toronto Stock Exchange.

The Horizons Global Uranium Index ETF is focused on the $15 billion global uranium sector and seeks to replicate the Solactive Global Uranium Pure-Play Index, said Horizons ETFs Management (Canada) Inc.

Nuclear energy could play a larger role as countries lower carbon emissions, a Horizons release said, which creates an opportunity for the uranium mining sector. Canada is the second-largest uranium producer and home to Cameco, the largest publicly-traded uranium company.

The ETF’s management fee is 0.75%.

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.