Global X Launches Uranium ETF (URA)

Global X announced on Friday the launch of its second new ETF in as many days, adding the Global X Uranium ETF (URA) to a fast-growing lineup. The new product will track the Solactive Global Uranium Index, a benchmark designed to reflect the performance of companies engaged in various parts of the uranium industry, including mining, refining, exploration, and manufacturing of equipment for the uranium industry. The index consists of about 25 securities in total, with a heavy weighting towards developed markets. In terms of individual country exposure, the new ETF will be tilted towards companies listed in Canada (50%) and Australia (31%), with the U.S. (13%) and the UK (5%) rounding out exposure (it should be noted, however, that some of the index components may engage in mining activities around the globe–not just the country where their stock is primarily listed). For individual companies, the world’s second largest miner [...] Click here to read the original article on ETFdb.com. Related Stories: Global X Launches Silver, Copper Miner ETFs (SIL, COPX) Global X Launches First Nordic ETF Emerging Global Advisors Launches New ETF Family