A new ETF providing exposure to the global uranium market started trading Thursday on the Toronto Stock Exchange.
The Horizons Global Uranium Index ETF is focused on the $15 billion global uranium sector and seeks to replicate the Solactive Global Uranium Pure-Play Index, according to Toronto-based Horizons ETFs Management (Canada) Inc.
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Nuclear energy could play a larger role as countries lower carbon emissions, a Horizons release said, which creates an opportunity for the uranium mining sector. Canada is the second-largest uranium producer and home to Cameco, the largest publicly-traded uranium company.
The ETF’s management fee is 0.75%.