Passives provider HanETF has announced the launch of the Sprott Junior Uranium Miners UCITS ETF, in partnership with Sprott Asset Management.
The strategy aims to offer investors exposure to junior uranium mining stocks that are set to benefit from the global growth of nuclear power.
The new launch differs from the Sprott Uranium Miners UCITS ETF, launched in 2022, in that it invests in small-to-mid-sized uranium mining firms.
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It will list on the London Stock Exchange, Xetra and Borsa Italiana later this month. The US-listed version has gathered $344m assets under management.
The ETF is the fourth product Sprott and HanETF have launched together, having also rolled out funds focused on copper miners and energy transition themes.
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 a Junior Uranium Mining ETF to the European market. We are very proud to be launching Europe’s first Junior Uranium Mining UCITS ETF and even more proud to be doing so in partnership with Sprott Asset Management, who are real leaders in the uranium investment space.”
