Over the past few months, the attention of many financial players has focused on Uranium.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
The prices of this interesting commodity have indeed made a strong leap forward and have risen to new all-time highs (prices of the Uranium futures contract quoted on the Comex market).
After having decisively broken through resistance at around the $80 mark, the quotations extended sharply to the upside, peaking at $110.
The primary trend is therefore positive and is confirmed by the long position of the main directional indicators.
After a brief pause for settlement, necessary to discharge the strong short-term overbought, a further bullish push is therefore possible with a first target at 116-117 and a second target in the 125-126 dollar area.
It is difficult for now to hypothesise a bearish trend reversal: an initial sign of weakness will only arrive with a return below $95.
Click on the image to enlarge it.
The following ETFs can be used to invest in uranium:
HANetf Sprott Uranium Miners, ISIN IE0005YK6564. This ETF has €293m in assets under management, which provides for the total physical replication of the underlying (by purchasing the components of the North Shore Sprott Uranium Miners index, an index that replicates companies active in uranium exploration, mining and/or refining) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.85% per annum.
Global X Uranium, ISIN IE000NDWFGA5. It is an ETF with EUR 168m in assets under management, which provides for the total physical replication of the underlying (by purchasing the components of the Solactive Global Uranium & Nuclear Components Total Return v2 Index, an index that replicates companies active in uranium exploration, mining and/or refining) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.65% per annum.
VanEck Uranium and Nuclear Technologies, ISIN IE000M7V94E1. It is an ETF with €40m in assets under management, which provides for the total physical replication of the underlying (by purchasing the components of the MarketVector Global Uranium and Nuclear Energy Infrastructure index, an index that replicates companies operating in the uranium mining and nuclear energy infrastructure sectors) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.55% per annum.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
Disclaimer
The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
Subscribe to Our Newsletter
