The BetaShares URNMM ETF gives investors broad exposure to the global uranium industry, including mining, exploration, production and firms that hold physical uranium or uranium royalties. Its largest ASX holding is Paladin (PDN) at 5.3%, while Cameo and NAC Kazatomprom are the prominent holdings, both above 16%, followed by more than 11% in physical uranium. For investors looking to position for the uranium thematic, as opposed to weighing the benefits of individual companies, this is a great alternative, but costs 0.69% pa.
This ETF has more than doubled from its lows of 2025, and if we are correct and nuclear power will become one of the pillars of clean energy to fuel the world’s increased demand for power, the last few weeks’ acceleration to the upside could just be the beginning. From a technical perspective, while prices remain above $12.50, we would advocate “buying dips.”
- We believe the advance by the URNM ETF could be in its infancy, with much higher prices likely over the coming years.
MM remains bullish towards the URNM ETF
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