89530191 - etf. exchange traded fund. business, internet and technology concept.

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.

Engineered for your most growth-hungry clients.

BMO Concentrated Global Equity Fund offers greater long-term growth potential, with less volatility than the broad market.

Find out more

BMO Global Asset Management

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%.