VanEck Uranium And Nuclear ETF: I Don't Like The Composition
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The VanEck Uranium and Nuclear ETF (NLR) is criticized for its composition, with a high concentration in utilities and insufficient exposure to key uranium miners. This reduces its potential to benefit from uranium price gains, especially as 20 countries plan to triple nuclear power production by 2050. The Sprott Physical Uranium Trust is suggested as a better alternative for direct uranium price exposure.
November 22, 2024 | 10:30 am
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The VanEck Uranium and Nuclear ETF (NLR) is criticized for its high concentration in utilities and lack of significant positions in key uranium miners, which may limit its potential to benefit from uranium price increases.
The ETF's composition is seen as a disadvantage because it is heavily weighted towards utilities rather than uranium miners. This could limit its ability to capitalize on uranium price increases, especially as nuclear power production is set to triple by 2050.
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