What is uranium ETF?


Quick Answer

A uranium ETF, or exchange-traded fund, is an investment portfolio created to mimic the performance of the uranium industry and traded on a stock exchange. Uranium ETFs include companies that prospect for, mine and utilize uranium.

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Full Answer

Nuclear power plants are among the primary consumers of uranium. This ties uranium ETFs closely to the nuclear energy industry. Uranium ETFs provide investors with an opportunity to invest in an area related to nuclear power without the need to research individual stocks. Uranium ETFs also have general advantages related to all ETF investments. Because ETFs involve trading groups of investments in one transaction, they have lower commissions compared to those incurred by trading individual stocks.

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