New on Xetra: access to physical uranium for the first time via HANetf's exchange-traded commodity in cooperation with Sprott AM
New on Xetra: access to physical uranium for the first time via HANetf's exchange-traded commodity in cooperation with Sprott AM
Since Friday, a new exchange-traded commodity (ETC) issued by HANetf in cooperation with Sprott Asset Management has been tradable on Xetra and Börse Frankfurt.
For the first time, the Sprott Physical Uranium ETC offers investors an effective and cost-efficient way to invest in the performance of physical uranium.
The ETC holds the Sprott Physical Uranium Trust, which aims to provide exposure to the performance of physical uranium before fees and expenses. This is achieved by holding physical inventory in warehouses from three different vendors.
The ETC is a debt security that makes it possible to profit from the price development of uranium without having to physically own uranium.
The product is fully collateralised.
Name | Asset class | ISIN | Management fee | Reference price |
Sprott Physical Uranium ETC | ETC | 0.55 per cent | Sprott Physical Uranium Trust |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2.370 ETFs, 198 ETCs, 253 ETNs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.