Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Wednesday, June 20, 2007

Uranium Stock ETF to Launch in US

Very interesting read -- Van Eck Global is going to launch the Global Nuclar Energy ETF, to track the uranium industry, from miners to end users. CLICK HERE for details.

The fund should launch in the Fall of this year. Could that provide some upward pressure on uranium miners? Oh, I should think so.

Until then, we just have the Uranium Focused Energy Fund (UF.UN) in Canada. Not so badly so far -- it trades just a little above its net asset value.


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