Toronto-based Horizons ETFs Management (Canada) Inc. announced that Horizons Global Uranium Index ETF is trading on the Toronto Stock Exchange.
This ETF is the first uranium ETF in Canada. It is focused on the $15-billion global uranium sector and seeks to replicate the Solactive global uranium pure-play index.
As countries work to lower carbon emissions, the firm states, there is an opportunity for growth in nuclear energy and the uranium-mining sector. The ETF “provides access to production happening across the globe – from the world’s largest in Kazakhstan to emerging mining operations in the [U.S.].” The ETF’s management fee is 0.75%.