June 28, 2020: The last two decades have seen the US has cede its position as the world leader in nuclear energy. Russia and China have filled the void. This was the viewpoint of Dan Brouillette, U.S. Secretary of Energy, as highlighted in an article in Defense One. Efforts to restore US leadership in nuclear energy are being undertaken.
June 7, 2020: In late April 2020, the U.S. Nuclear Fuel Working Group released its recommendations for restoring the United States’ nuclear energy competitive advantage and regaining global nuclear leadership. We believe that these recommendations may be bullish for uranium prices.
May 24, 2020: According to a Bloomberg article, Germany is likely to fall short of its goals for reducing carbon-dioxide emissions even after spending over 500 billion euros by 2025 to overhaul its energy system. A large part of the reason for this failure is Germany’s concurrent goal of phasing out nuclear reactors.
April 29, 2020: The fund recently experienced significant negative short-term performance due to market volatility associated with the COVID-19 pandemic. High short-term performance of the fund is unusual and investors should not expect such performance to be repeated.
April 23, 2020: While uranium prices plummeted from a peak of $137/lb. during 2007 to around $20/lb. in November 2016, that alone is not enough to call a market bottom. However, a substantial increase in demand appears to support the case that uranium prices have bottomed and may be posed to advance.
April 9, 2020: An Oregon energy start-up company, along with the Oregon State University, may change the face of the nuclear energy industry. The company is developing a small nuclear reactor (SMR) which promises greater efficiencies and flexibility along with a higher degree of safety.
March 26, 2020: After peaking in price at $137/pound (lb.) during 2007, uranium prices plummeted to below $20/lb. during 2016, a decline of over 85%. We believe that marked the bottom of the market. As of 12/31/19, uranium was trading in the $25/lb. range.
March 12, 2020: While uranium prices plummeted from a peak of $137/lb. during 2007 to around $20/lb. in November 2016, that alone is not enough to call a market bottom. However, a substantial reduction in supply appears to support the case that uranium prices have bottomed and may be poised to advance.
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)
January 8, 2020: Nuclear power provides 10% of global electricity, but to stem climate change the world is going to need far greater amounts of clean and reliable energy, the International Atomic Energy Agency (IAEA) says in a short film it published today. To tackle climate change, 80% of all electricity will need to be low carbon by 2050.
January 8, 2020: HAMBURG, Germany — Are the Germans irrational? Steven Pinker seems to think so. Professor Pinker, a Harvard psychologist, told the German newsmagazine Der Spiegel recently that if mankind wanted to stop climate change without stopping economic growth too, the world needed more nuclear energy, not less. Germany’s decision to step out of nuclear, he agreed, was “paranoid.”
January 2, 2020: At the root of our climate problem, writes Pope Francis in his ecological encyclical Laudato Si, lies our human pride and arrogance: “The misuse of creation begins when we no longer recognize any higher instance than ourselves, when we see nothing else but ourselves.” Coming from a Catholic Pope, such sentiments are hardly surprising
December 19, 2019: You probably haven’t heard about a recent regulatory decision that will reduce carbon emissions because it doesn’t follow the green template of controlling private industry and suppressing economic growth.
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 6, 2019: Matt Collins, CFA, Head of ETFs at PGIM Investments discusses the active approach to the ETF market and considers the outlook for the industry amid recent regulatory changes. Tim Rotolo, CEO & Founder of North Shore Indices, examines the "yellow energy metal" and its potential for price growth.
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.
December 4, 2019: Nuclear power is viewed as too dangerous and too costly to form part of our energy future. That’s plain wrong – and it could spell huge opportunity, says Dylan Grice. The opinions presented in linked material are of third parties and should not be regarded as investment advice or recommendation of specific securities.
December 3, 2019: THE ROLE OF NUCLEAR ENERGY in combating climate change was inevitably a core topic of conversation at the World Nuclear Symposium. Agneta Rising, director general of the World Nuclear Association, opened the Symposium by setting out the importance of energy as “the essential agent for promoting human development”, and that “securing access to modern and affordable energy is essential for lifting people out of poverty, and for promoting energy independence and economic growth”.
November 27, 2019: Uranium is mostly known to investors for its use in nuclear weapons and its failure to live up to its potential as an alternative energy source. But now investors have another reason to learn about it: ETFs.The United States is getting its first uranium ETF this week, thanks to the hard work of a startup index provider called North Shore Indices. The North Shore Global Uranium Mining ETF (URNM), which lists this week, buys global companies involved in uranium exploration, mining and production.
November 5, 2019: In today’s episode, Marcelo López spoke with Mike Alkin, co-founder of Sachem Cove Partners and manager of an American uranium-focused hedge fund.
August 28, 2019: The U.S. Department of Energy (DOE) is all in on new nuclear energy. More than 50 U.S. companies are developing advanced technologies that will make nuclear energy more efficient and affordable to build and operate.
May 6, 2019: Over the last decade, journalists have held up Germany’s renewables energy transition, the Energiewende, as an environmental model for the world.
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.
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.