North Shore Global Uranium Mining ETF (URNM) exceeds $ 900 million in assets
NEW YORK, October 26, 2021 / PRNewswire / – North Shore Global Uranium ETF (NYSE: URNM) topped $ 900 million in total net assets at 10/26/21. Launched on 12/04/19, the fund has generated a cumulative return of over 200% (based on price) from inception until 9/30/21.
The performances quoted represent past performances, which do not guarantee future results. The return on investment and the capital value fluctuate, so you could have a gain or a loss when the shares are sold. Actual performance may be higher or lower than stated. Shares are bought and sold at market price and are not individually redeemed by the fund. Brokerage commissions will reduce returns. Returns for periods of less than one year are not annualized. For current performance at the end of the most recent month, visit https://urnmetf.com/urnm. The short-term high performance of the fund is unusual and investors should not expect this performance to be repeated.
âWe are delighted to reach this exciting milestone, especially so soon after overtaking $ 500 million, remarked Tim rotolo, CEO and Founder of North Shore Indices. The fund has exceeded $ 500 million in the beginning September 2021.
âWith supply shortages driving up natural gas prices, we believe nuclear presents an attractive source of generation that can enable countries around the world to meet their goal of providing both energy sources. reliable and clean. Despite its recent increase, we believe we are still in the early stages of a long-term uranium price bull market, âRotolo said. Uranium is the key ingredient necessary for the production of nuclear energy.
âWe would like to congratulate Tim on reaching this milestone and are pleased to witness the success of the fund,â noted J. Garret stevens, CEO of Exchange Traded Concepts (ETC) and Fund Advisor. “At ETC, we seek to provide investors with attractive investment opportunities that they may not find in the market. URNM, we believe, offers such an opportunity.”
URNM seeks to provide investment results which, before fees and expenses, generally correspond to the total return of the North Shore Global Uranium Mining Index.
The index is designed to track the performance of companies involved in the mining, exploration, development and production of uranium as well as companies that hold physical uranium, uranium royalties or other non-mining assets.
âURNM seeks to provide investors with targeted exposure to uranium and uranium miners without exposure to ancillary industries, such as utilities,â Rotolo noted, explaining the attractive features of the fund.
Disclosure of risks and important information
Exchange Traded Concepts, LLC serves as an investment advisor. The Fund is distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, Pennsylvania [19456)whoisnotaffiliatedwithExchangeTradedConceptsLLCNorthShoreIndicesoranyaffiliatedcompany[19456)quin’estpasaffiliÃ©Ã ExchangeTradedConceptsLLCNorthShoreIndicesouÃ aucunesociÃ©tÃ©affiliÃ©eVÃ©rifiezlesantÃ©cÃ©dentsdeSIDCOsurBrokerCheckdelaFINRA
Carefully consider the investment objectives, risk factors, fees and expenses of the Fund before investing. This and other information can be found in the full prospectus or summary of the Fund, which can be obtained by visiting urnmetf.com. Investors should read it carefully before investing or sending money.
Investing involves risks, including the possible loss of capital. In addition to the normal risks associated with investing, international investments may involve a risk of loss of capital due to an unfavorable fluctuation in monetary values, differences in generally accepted accounting principles, or social, economic or policy in other countries. Emerging markets involve increased risks related to the same factors as well as increased volatility and lower trading volume. Tightly targeted investments, investments in small businesses and investments in commodities generally exhibit higher volatility. Issuers in energy-related sectors can be strongly affected by fluctuations in energy prices as well as by the supply of and demand for energy fuels.
Commodity prices can be influenced or characterized by unpredictable factors including high volatility, changes in supply and demand relationships, weather conditions, agriculture, trade, changes in rates interest and monetary and other government policies, actions and inaction. Uranium Businesses can be significantly subject to the effects of competitive pressures in the uranium industry and the price of uranium. The price of uranium can be affected by changes in inflation rates, interest rates, monetary policy, economic conditions and political stability. The price of uranium can fluctuate widely over short periods of time, therefore the price of the Fund’s shares may be more volatile than other types of investment. In addition, they can also be significantly affected by import controls, global competition, liability for environmental damage, depletion of resources, mandatory spending for safety and pollution control devices, political conditions. and economic conditions in uranium producing and consuming countries, and uranium production levels and manufacturing costs. The demand for nuclear energy can be faced with considerable risks due to, among others, incidents and accidents, security breaches, malicious acts of terrorism, aircraft accidents, natural disasters, equipment malfunctions or improper handling during the storage, handling, transport, treatment or packaging of nuclear substances and materials.
There can be no assurance that the fund will achieve its stated objective. Indices are unmanaged and do not include the effect of fees. You cannot invest directly in an index. The fund is not diversified.
Shares are bought and sold at market price (not at NAV) and are not individually redeemed by the Fund. Brokerage commissions will reduce returns. Market price returns are based on the midpoint of the bid / ask spread at 4:00 p.m. Eastern Time and do not represent the returns you would receive if you traded stocks at other times. The first trade date is usually several days after the fund’s inception date. Therefore, the NAV is used to calculate market returns before the first trade date, as there is no bid / ask spread until the fund starts trading.
SOURCE Exchange Traded Concepts, LLC