The methodology behind NLR’s new index is also used for popular Market Vectors ETFs including the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ), the Market Vectors Oil Services ETF (NYSEArca: OIH), the Market Vectors Russia ETF(NYSEArca: RSX) and the Market Vectors Vietnam ETF (NYSEArca: VNM).

NLR has $77.6 million in assets under management and is higher by 13% over the past year. The fund’s new index “employs constituent weighting caps that aim to help diversify the ETF among names in the global uranium and nuclear energy segment, while extensive liquidity screens are used to enhance the tradability of the ETF,” according to the statement.

Market Vectors Uranium+Nuclear Energy ETF

ETF Trends editorial team contributed to this post.