Global X Uranium

ETF description

This ETF invests in companies involved in the uranium industry, focusing on those that mine, explore, or process uranium, as well as companies that provide related equipment or services. Uranium is a key component in nuclear energy production, which has become an important energy source for countries seeking to reduce carbon emissions and meet growing energy demands. Nuclear power is often seen as a cleaner alternative to fossil fuels, as it produces energy without the greenhouse gas emissions associated with traditional energy sources.

This ETF may appeal to investors interested in the nuclear energy sector and those who see potential in uranium’s role as a critical material for energy production. It offers exposure to the global uranium industry, which can be influenced by changes in government policies, energy demand, and technological advancements in nuclear power.

Issuer details

Global X ETFs is a leading provider of specialized thematic and sector‑specific ETFs, with over $50 billion in assets under management as of June 2024. As a subsidiary of Mirae Asset Global Investments, Global X focuses on thematic investing. Founded in 2008 by Bruno del Ama, Global X ETFs is known for its focus on niche and innovative investment themes, allowing investors to access areas of the market experiencing rapid growth and transformation. Notable ETFs include the Global X Robotics & Artificial Intelligence ETF (BOTZ) and the Global X Lithium & Battery Tech ETF (LIT), reflecting Global X’s commitment to providing exposure to cutting‑edge industries and trends.

Index details

The Solactive Global Uranium & Nuclear Components Total Return index tracks the price movements in shares of companies which are (or are expected to be in the near future) active in the uranium industry. This particularly includes uranium mining, exploration, uranium investments and technologies related to the uranium industry. The Index will include a minimum of 20 components at every rebalancing.