HANetf has announced that Sprott Uranium Miners UCITS ETF (URNM) has now passed the USD10 million assets under management (AUM) milestone.
URNM was launched in May and is designed to provide investors exposure to uranium miners through the North Shore Sprott Uranium Miners Index. Alongside uranium mining equities, the ETF invests in physically backed uranium investment trusts. URNM has bucked the trend of the wider thematic universe which has seen lack lustre growth.
The ETF was launched in partnership with Sprott Asset Management. Sprott are experts in the uranium space, overseeing a US-listed sister uranium miners ETF with around USD700 million and a physical uranium trust with almost USD3 billion AUM.
As Europe begins its transition towards net-zero, with an aim to achieve it by 2050, nuclear energy could be an essential part of the process, the firm says. Nuclear energy’s role in the net-zero transition has been further solidified thanks to the European Union agreeing to classify nuclear energy as ‘green’ in the bloc’s sustainable finance taxonomy.
Hector McNeil, co-CEO and co-Founder HANetf says: “We’ve seen bold government commitments on restraining the rise in global temperature to 1.5C but that will require a revolution in how we generate our energy. While wind and solar have made huge strides and will be core parts of future electricity generation, it is becoming clear that nuclear generation also needs to be part of the panoply of solutions. Investors are clearly recognising this and investing accordingly.
“At HANetf we pride ourselves in bringing to the European market funds providing the solutions for a cleaner and greener world, be it wind and solar, sustainable gold and gold miners, physical carbon allowances, electric vehicle infrastructure – and importantly, nuclear energy, through our Uranium Miners ETF.”