This ASX-traded ETF provides Australian investors with diversified exposure to leading global uranium stocks, including those on the ASX, with Paladin (5.4%) the largest ASX holding. This is a very volatile sector, and although it surged more than 250% at its best from a 2025 low, it’s experienced two 25-30% corrections along the way. However, compared to the volatility on the stock level, this is nothing, with Deep Yellow (ASX:DYL) and Boss Energy (ASX:BOE) both enduring far steeper corrections in the last 12-months.
Hence, this more diversified ETF, which currently holds 48 stocks, has merit to play the nuclear adoption thematic without running the risk of a company’s own-goal.
The ethical debate around nuclear power is well-worn, especially in Australia, but the investment case has never been cleaner — it produces zero carbon emissions, runs around the clock, and unlike solar and wind, doesn’t depend on the weather. The world’s most sophisticated technology companies have quietly reached the same conclusion, with Microsoft, Google and Amazon all committing serious capital to Small Modular Reactors (SMRs) — a new generation of factory-built nuclear units designed to be deployed in years, not decades. When the smartest capital allocators on the planet start moving in the same direction, it’s worth paying attention.
- We like URNM after its latest pullback below $13, wanting to be long the uranium sector until further notice.
MM is bullish towards the URNM ETF around $13
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