Global X Uranium ETF (NYSEArca: URA)
October returns: -4.6%
Comment: Uranium, the major fuel for nuclear fission reactor power plants, has seen prices decline to near record lows, and the oversupply in the market has hindered uranium miners. However, some are pointing toward increased demand, especially in the emerging markets where new reactors are planned.
“We forecast a fairly large global uranium shortfall towards the end of this decade,” said David Sadowski, an analyst at Raymond James, said in a Globe and Mail article. “So there’s a ‘buy’ recommendation on the space.”