January 28, 2020: Bloomberg's Eric Balchunas and Scarlet Fu break down the NorthShore Global Uranium Mining ETF (ticker: URNM) with Tim Rotolo, founder and CEO of North Shore Indices. The fund tracks the performance of companies that devote at least 50% of their assets to mining, exploration, development, and production of uranium and/or holding physical uranium, owning uranium royalties, or engaging in non-mining activities. (Source: Bloomberg)
December 6, 2019: A major supply demand imbalance is likely to drive a uranium bull market in the next decade. Junior uranium miners offer far greater potential upside, albeit with far greater risk compared with companies that hold uranium directly. A basket approach is ideal for non-specialist investors who recognize the compelling macro opportunity. The new URNM ETF provides a solid vehicle for US based investors to get broad pure play exposure to uranium.
December 5, 2019: Uranium equities have had a rough go of it, a condition that has lasted several years. Over the past three years, the original uranium exchange traded fund is lower by almost 4% while the S&P 500 Materials Index is higher by 25.5%. Perhaps a new uranium ETF will have better fortune. The North Shore Global Uranium Mining ETF URNM, +0.57% debuted Wednesday as the newest uranium ETF on the block. URNM was launched by Exchange Traded Concepts in conjunction with North Shore Indices, Inc.
December 5, 2019: Indexing boutique North Shore Indices and white-label ETF provider Exchange Traded Concepts have teamed up to launch an ETF providing targeted exposure to the global uranium mining sector. Listed on NYSE Arca, the North Shore Global Uranium Mining ETF (URNM US) offers a thematic play on nuclear power demand growth and uranium supply deficits. The fund is likely to appeal to investors who anticipate a comeback in the spot price of uranium
December 4, 2019: A new ETF launched today on the New York Stock Exchange that is a targeted play on the uranium mining sector. The launch of the North Shore Global Uranium Mining ETF (NYSEArca: URNM) is a collaboration between Exchange Traded Concepts, a leader in providing white label ETF solutions, and North Shore Indices, Inc. URNM offers efficient access to a global basket of companies in the uranium industry. This fund offers a thematic play on potential nuclear power demand growth and uranium supply deficits.
December 4, 2019: Today, Exchange Traded Concepts rolled out an ETF that targets uranium miners and—to a lesser degree—companies that hold physical uranium. The North Shore Global Uranium Mining ETF (URNM) differs from existing uranium ETFs in that it uses a modified market capitalization approach that is designed to limit the influence of any single company rather than simple market cap weighting.
December 4, 2019: A new ETF launched today on the New York Stock Exchange that is a targeted play on the uranium mining sector. The launch of the North Shore Global Uranium Mining ETF (NYSEArca: URNM) is a collaboration between Exchange Traded Concepts, a leader in providing white label ETF solutions, and North Shore Indices, Inc. URNM offers efficient access to a global basket of companies in the uranium industry. This fund offers a thematic play on potential nuclear power demand growth and uranium supply deficits. The ETF tracks the North Shore Global Uranium Mining Index, which is a focused uranium mining index. The index holds both miners and holders of physical uranium. It is currently tilted towards junior miners.
The information contained in some of the linked material contains the manager's opinion. It should not be regarded as investment advice or recommendation of specific securities.
Exchange Traded Concepts, LLC serves as the investment advisor. The Fund is distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA 19456), which is not affiliated with Exchange Traded Concepts, LLC, North Shore Indices, or any affiliates. Check the background of SIDCO on FINRA’s BrokerCheck.
Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s full or summary prospectus, which may be obtained by visiting (urnmetf.com). Investors should read it carefully before investing or sending money.
Investing involves risk, including possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments, investments in smaller companies, and those in commodities typically exhibit higher volatility. Issuers in energy-related industries can be significantly affected by fluctuations in energy prices and supply and demand of energy fuels.
There is no guarantee the fund will achieve its stated objective. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index. The fund is non-diversified.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time and do not represent the returns you would receive if you traded shares at other times. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date because there is no bid/ask spread until the fund starts trading.
Commodity prices may be influenced or characterized by unpredictable factors, including high volatility, changes in supply and demand relationships, weather, agriculture, trade, changes in interest rates and monetary and other governmental policies, action and inaction. Uranium Companies may be significantly subject to the effects of competitive pressures in the uranium business and the price of uranium. The price of uranium may be affected by changes in inflation rates, interest rates, monetary policy, economic conditions and political stability. The price of uranium may fluctuate substantially over short periods of time, therefore, the Fund’s share price may be more volatile than other types of investments. In addition, they may also be significantly affected by import controls, worldwide competition, liability for environmental damage, depletion of resources, mandated expenditures for safety and pollution control devices, political and economic conditions in uranium producing and consuming countries, and uranium production levels and costs of production. Demand for nuclear energy may face considerable risk as a result of, among other risks, incidents and accidents, breaches of security, ill-intentioned acts of terrorism, air crashes, natural disasters, equipment malfunctions or mishandling in storage, handling, transportation, treatment or conditioning of substances and nuclear materials.