<h3> Nuclear Energy ETFs picking up steam </h3> ~ ## Hot Stocks, ETFs and options in Technology, Green Energy and option trading ##
## Hot Stocks, ETFs and options in Technology, Green Energy and option trading ##: Nuclear Energy ETFs picking up steam

Tuesday, June 10, 2008

Nuclear Energy ETFs picking up steam

Nuclear power, long reviled as a dangerous source of energy, is on the verge of a comeback. That's because a growing body of scientists, politicians and environmental activists see atomic energy as part of the solution for global warming and our ever-growing dependence on foreign oil, much of it from nations that, if not downright hostile toward us, certainly don't share our values.

Invesco PowerShares last month launched an exchange-traded fund called the Global Nuclear Energy Portfolio (symbol PKN). The ETF tracks the performance of the World Nuclear Association (WNA) Energy Index, which contains 64 companies that design, construct and operate nuclear power reactors.

Launched on August 15, 2007, NLR was the first nuclear energy ETF listed in the U.S. and seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal® Nuclear Energy Index (DXNE). DXNE generally includes only those companies that derive at least 50% of their current or prospective revenues from the nuclear energy industry. This makes NLR potentially attractive to investors seeking to gain targeted exposure to the global nuclear energy industry.

DXNE is currently comprised of a basket of securities of 38 companies from around the world that are engaged in nuclear plant infrastructure, uranium mining, uranium enrichment, uranium storage, nuclear generation, nuclear equipment and nuclear fuel transportation. The index includes many companies of global prominence, including Areva, Mitsubishi Heavy Industries, Hitachi and Cameco.

NLR had assets under management of $160 million as of March 31, 2008. Its total net expense ratio is 0.65%.

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