Horizons ETFs launches Canada's first uranium ETF

Horizons ETFs has launched the Horizons Global Uranium Index ETF which is now trading on the Toronto Stock Exchange under the ticker symbol HURA.

HURA is the first ETF in Canada to provide direct exposure to the global Uranium sector – a universe of companies with a combined value of approximately CAD15 billion. Globally, Canada is ranked as the second-largest uranium producing country and is home to the world's largest publicly traded uranium company, Cameco.

"There is a realisation at the highest levels that wind and solar energy alone will not be able to ensure global carbon emission targets are met," says Nick Piquard, Portfolio Manager and Options Strategist at Horizons ETFs. "Today, nuclear is the only viable solution to supply zero- emission-base-load-power, and currently, there is not enough uranium being mined to meet planned growth. These factors combined make for a very positive opportunity for the Uranium mining sector."

HURA seeks to replicate, to the extent possible, the performance of the Solactive Global Uranium Pure-Play Index (the Index), net of expenses. The Index is designed to provide exposure to the performance of a basket of issuers which: (a) are primarily involved in the uranium mining and exploration industry; (b) invest and participate directly in the physical price of uranium; (c) are available on global stock exchanges in developed markets. Units of the ETF will be available on the TSX in Canadian dollars.

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