Global X is set to launch the world's first ETF designed to track uranium mining companies.
The Global X Uranium ETF seeks to correspond with the Solactive Global Uranium index. The index is primarily comprised of non-US companies and includes Cameco, Paladin Energy and Uranium One. In its filing with Securities and Exchange Commission, Global X cites this reliance on foreign securities as one of the fund's risks, alluding to heightened risks of inflation or nationalization as well as the effect of unforeseeable political, economic and geographic events. Additional difficulties mentioned that are specific to the uranium industry include import controls, worldwide competit...
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