HANetf’s Uranium Miners ETF surpasses $10 million in AUM as a result of tailwinds for nuclear power

  • HANetf’s Uranium Miners ETF has surpassed $10 million AUM after launching in May
  • URNM provides exposure to uranium miners and was created in partnership with sector experts Sprott Asset Management
  • The European Union is now set to classify nuclear energy as &lsquogreen’ in the bloc’s sustainable finance taxonomy

July 2022 London

HANetf Europe’s first full service &lsquowhite label’ ETP platform is delighted to announce that Sprott Uranium Miners UCITS ETF (URNM) has now passed the $10 million assets under management (AUM) milestone.

URNM was launched in May and provides 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. The Uranium Miners ETF 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 $700 million AUM[1] and a physical uranium trust with almost $3bn AUM. [2]

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.[3] Nuclear energy’s role in the net-zero transition has been further solidified thanks to the European Union agreeing to classify nuclear energy as &lsquogreen’ in the bloc’s sustainable finance taxonomy.

Hector McNeil co-CEO and co-Founder HANetf comments:

““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.”

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