- URNM launched in May of last year, in partnership with uranium experts Sprott Asset Management, and has experienced rapid growth – it is the fastest growing uranium ETF in Europe based on AUM. [1]
- Uranium prices surged to their highest level in 12 years last month, demonstrating the appetite for nuclear power.
- URNM provides exposure to the growth of nuclear power via uranium miners, and also invests in physical uranium through investment trusts.
When you Invest in ETFs your capital is at risk.
October 2023, London
HANetf, Europe’s first and only independent white-label UCITS ETF and ETC platform[2], and leading provider of digital asset ETPs, is delighted to announce that Sprott Uranium Miners UCITS ETF (URNM) has reached $158.69 million assets under management (AUM), having surpassed $100 million AUM less than a month ago.[3] URNM is the fastest-growing uranium ETF in Europe this year. [4]
September saw uranium prices surge to decade highs, reaching levels not seen since prior to the Fukushima incident of 2011. Analysts have suggested that this marks a “global renaissance” for uranium.
The U3O8 spot price has posted a 44.50% year-to-date (YTD) return as of 13th October 2023, demonstrating its strength and diversification relative to other commodities, which have declined -7.37% YTD as measured by the Bloomberg Commodity Index (BCOM). [5]
Both the ongoing energy crisis, and the urgent need to achieve net-zero targets, have forced global leaders to explore alternative sources of clean energy. Nuclear power is viewed as an efficient, safe, and clean solution given that it has less CO2 emissions per GWh than wind, solar, and hydro energy. [6]
As this “renaissance” continues, nuclear seems poised to become a leading and vital component of the net-zero transition. As the graph below indicates, power plants are being constructed rapidly around the globe, and UxC projects a 66-million-pound uranium supply deficit by the end of this year.
For illustrative purposes only.
URNM, which tracks the North Shore Sprott Uranium Miners Index, was launched in May of 2022 and provides exposure to the growth of nuclear power through uranium miners. Alongside uranium mining equities, URNM also invests in uranium via physical trusts – the ETF currently has around 16% direct uranium exposure. [7]
The ETF was launched in partnership with uranium experts Sprott Asset Management, which oversee a US-listed sister uranium miners ETF with $1.32 billion AUM[8] and a physical uranium trust with over $4.36 billion AUM. Additionally, the ETF also has exposure to physical uranium. [9]
HANetf also launched Sprott Energy Transition Materials UCITS ETF (SETM) in March of this year, which provide exposure to the companies that are providing the critical materials needed for the global clean energy transition, such as rare earths, silver, copper, lithium, nickel, manganese, cobalt, and graphite.
Hector McNeil, Co-CEO and Co-Founder of HANetf, comments: "URNM has seen tremendous growth this year, becoming the fastest-growing uranium ETF in Europe. We are delighted to see it reach 158.9 million AUM so quickly. The price surge of uranium, and its outperformance of other commodities as measured by BCOM, is in our view demonstrative of a growing realisation that nuclear is an essential and necessary part of the net-zero transition.
“Sprott Uranium Miners UCITS ETF (URNM) offers exposure to the growth of nuclear power through uranium miners, which have been historically underrepresented in the energy sector, posing upside potential.”
All performance figures are showing net data. Past performance is not indicative of future performance and when you trade ETFs, your capital is at risk.