White-label ETF issuer HANetf is set to launch Europe’s first junior miners ETF amid nuclear’s increasingly important role in the energy transition.
The Sprott Junior Uranium Miners UCITS ETF (URNJ) will list on the London Stock Exchange, Deutsche Boerse and Borsa Italiana with a total expense ratio (TER) of 0.85%.
URNJ tracks the Nasdaq Sprott Junior Uranium Miners index which offers exposure to 32 small and mid-cap securities that are in the uranium-related business.
Securities in the index must have a market capitalisation between $25m and $5bn and must be classified by Sprott as a uranium producer, developer, explorer or royalty company.
The index is a modified free float market cap-weighted index, rebalanced semi-annually with the largest constituent capped at a 12% weighting.
Hector McNeil, co-founder and co-CEO of HANetf, said: "Uranium prices have surged over the past year, entering a new bull market as the indispensable role of nuclear power in the energy transition becomes apparent.
“But missing from Europe until now has been a small and mid-cap uranium miners focused ETF. We have seen a flood of enquiries from investors asking if we are bringing URNJ to the European market.“
Sprott’s US-listed version of URNJ has gathered $344m assets under management (AUM) since inception, highlighting investor demand for uranium exposure amid nuclear power’s increasing contribution to the green energy transition.
URNJ will be the firm's fourth ETF in partnership with Sprott after the Sprott Uranium Miners UCITS ETF (URNM), the Sprott Energy Transition Materials UCITS ETF (SETM) and the Sprott Copper Miners ESG Screened UCITS ETF (CPPR).
URNJ joins three other rollouts from the firm over the last year including the HANetf European Green Deal ETF (EUGD), SETM and the INQQ India Internet & Ecommerce ESG-S UCITS ETF (INQQ).
