VanEck ETF launches Uranium and Nuclear Technologies ETF

Asset manager VanEck ETF is listing the VanEck Uranium and Nuclear Technologies UCITS ETF today on  the London Stock Exchange.

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By ETFWorld.co.uk

Martijn Rozemuller, CEO at VanEck Europe

VanEck Uranium and Nuclear Technologies UCITS ETF

The Product’s investment objective is to replicate, before fees and expenses, the MarketVector™ Global Uranium and Nuclear Energy Infrastructure Index.

In order to seek to achieve its investment objective, the Management Company will normally use a replication strategy by investing directly in the underlying securities of the Index being the equity stock, American depository receipts (ADRs), global depository receipts (GDRs) and closed-ended exchange-listed Products which qualify as transferable securities and fulfil further requirements as outlined in the Prospectus.

Such securities must be issued by companies who generate at least 50% of their revenues from uranium (including uranium mining, or mining projects that have the potential to generate at least 50% of their revenues from uranium when developed), or with at least 50% of their revenues from nuclear energy infrastructure. For the avoidance of doubt, where the Index already holds such equity securities, the Index will seek to remove the security when the percentage of revenue generated from the uranium segment drops below 25% of the relevant companies revenues and from the nuclear energy segment to 0% of the relevant companies revenues.

Where it is not practical or cost efficient for the Product to fully replicate the Index, the Management Company may utilise an optimized sampling methodology.

Source: ETFWorld