Uranium Price Powers The Top ASX ETF Winners

Powering to the top of the biggest gainer leaderboards, uranium ETFs fill two of the top three slots. Betting against further gains is like trying to stop a charging bull.

For investors wanting to participate in the uranium boom, there are several ways to get set.

ETF Winners

Betashares Global Uranium ETF (ASX: URNM) invests in a portfolio of leading companies in the global uranium industry. It is the undisputed winner with its price lifting 10.2% for the week.

For the year to date, URNM is up 25% and smashed out a 73% gain for 12 months.

It has $123 million in net assets.

Global X Uranium ETF (ASX: ATOM) rounds out the top three gainers with a 9% surge for the week and up 19% for the year to date.

ATOM invests in a broad range of companies involved in uranium mining and the production of nuclear components.

A newer entrant in 2022 it has $20 million in Assets Under Management.

Like to know how to invest in ETFs? We show how ASX stocks and ETFs can co-exist.

ASX Uranium Stocks

The rising tide has lifted most ASX uranium stocks, which offer a direct exposure to either exploration, development or production.

The winners include:
Boss Energy (ASX: BOE) up 135%,
Paladin Energy (ASX: PDN) up 63%,
Deep Yellow (ASX : DYL) up 94% and
Cauldron Energy (ASX: CXU) up a whopping 147% for the year.

Rising Demand, Limited Supply

The International Energy Agency’s push for net-zero emissions by 2050 puts nuclear power, with its baseload capabilities, back in the spotlight.

Governments, particularly in Europe and Japan, are viewing it as a key player in securing energy independence and achieving climate goals.

 

 

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