The ETF is based on the S&P Global Nuclear Energy Index and has exposure to names including ordinary shares as well as U.S. listed equities, JGC Corp. (8.20%), Mitsubishi Electric Corp. (7.20%), and CCJ (7.16%).
While the aforementioned ETFs invest in equities that derive revenues from businesses that are related to nuclear energy, there is also an ETF which owns companies that are involved in the actual of mining of uranium, URA (Global X Uranium).
Tracking the Solactive Global Uranium Index, URA currently holds CCJ (20.29%), UUU (13.37%), and PDN (8.22%) as its top weightings. With over 40% of the portfolio being spread across only 3 names, URA can be considered “top heavy” as it is reliant on the fortunes of a few names. URA has also experienced a tough 2011, faltering 58.18% year to date.
All of the ETFs mentioned are considerably more liquid than their average daily volumes would indicate, it is simply a matter of dealing with a specialized ETF execution desk that understands how to tap into this liquidity and not be thwarted by lower than desirable average daily trading volumes.
PowerShares Global Nuclear Energy