Glow with a Nuclear Energy ETF
September 6th 2007 at 1:13am by Tom Lydon
As countries continue to grow, nuclear energy plants offer alternatives to oil. The U.S. gets 20% of its energy from nuclear energy, and France obtains around 75%, reports Zoe Van Schyndel for The Motley Fool. Market Vectors Nuclear Energy ETF (NLR) is a narrowly-focused ETF that came to the market last month. It tracks the DAX Global Nuclear Energy Index, and it gives exposure to Japan, Canada and Australia.
Uranium, plant infrastructure and nuclear reactors are the type of holdings these funds carry. Although the U.S. hasn’t seen a new nuclear power plant since 1997, that doesn’t mean the industry has vanished. France and Japan have nuclear power programs and Iran, China and India have all expressed interest.
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