Description

HURA is a focused play on uranium mining, exploration for uranium and technologies related to the uranium industry, with up to 25% of the portfolio providing direct exposure to the price of uranium. Uranium is primarily utilized for nuclear power generation and medical applications, with its price fluctuating based on global demand, making it potentially appealing for long-term investment due to increased nuclear power investment in densely populated emerging economies. In a single trade, HURA delivers efficient access to a globally diversified basket of companies involved in the uranium industry. HURA seeks to replicate, to the extent possible, the performance of the Solactive Global Uranium Pure-Play Index, net of expenses. The Solactive Global Uranium Pure-Play 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, or (b) invest and participate directly in the physical price of uranium.