Uranium ETF - Does It Exist? My portfolio consists of a wide variety of stocks and commodities ETFs. I would add some uranium to my portfolio, but can not afford the stocks. Is there a uranium ETF available, because I'm not turning in my research. I trade online so I am not a broker itself to view. So how about it, a uranium exchange traded fund does exist?
I could not find an option that is not necessarily an ETF uranium, but it is close. There is a nuclear ETF (ASE: NLR) managed by Market Vector that was introduced in August 2007. The fund is based on the DAXglobal Nuclear Energy Index. 38 companies from around the world, including the United States makes this index. These are companies such as uranium miners, storage companies, mutual enrichment of uranium, nuclear power plants, transportation companies, fuel and nuclear energy equipment provisions providers.
Nuclear power has not been well thought in the past since the Chernobyl accident and the China Syndrome. The country is warming up to nuclear energy, however, because of the clean energy it produces. With global warming and greenhouse gas concerns, coal energy is losing ground rapidly.
Other countries, including Canada (the world's largest producer of uranium), offer uranium ETFs. The United States will follow in their footsteps before long, according to analysts' forecasts. There is much to do in uranium and America will not be left behind.
Stock in uranium mining is certainly widely available in America, but it is very expensive and usually only big investors and companies are able to do more than just dabble in uranium stocks. In terms of uranium in 2007 contracts were offered by NYMEX, but again, they were not accessible to individual investors. Uranium ETFs are an essential commodity for individual investors like me.
The ETF market nuclear Vector will meet our needs uranium ETF yet. I do not say that the vector market is a bad fund, instead. Analysts report that the need for coal-depreciating, the need for nuclear energy is about to explode, which certainly includes the need for uranium. Clean air is much more important not only to America but all over the world, and nuclear power is ready to step up.
Alternative energy sources have been on the market for exchange traded funds for some time, such as solar, wind, and the power of water itself is expected. These commodity ETFs are doing quite well, but these energy sources are not enough to meet the energy needs of the United States. Nuclear power is more than capable of doing the job.
Again, I stress, the market Vector nuclear ETF is a fund well and should be considered. I just want more options for my needs uranium ETFs. It is time for the SPDR, the Barclays and the Vanguards of the ETF world market to strengthen and give us some options. I hate being limited in my choices of ETF products.
Posted on January 16, 2010.