Van Eck goes nuclear at Amex

New York-based asset manager Van Eck Global has launched its Market Vectors Nuclear Energy ETF (exchange-traded fund) on the American Stock Exchange (Amex). It is the first ETF listed in the US that enables investors to gain exposure to companies involved in nuclear energy.

The ETF seeks to replicate the price and yield performance of the DAXglobal Nuclear Energy Index (DXNE), a basket of the securities of 38 nuclear energy companies listed on global exchanges. The Index returned 45.2% and 30.8% over three and five years respectively and has a total market capitalisation of approximately $110 billion.

The fund includes Cameco, Paladin Resources and other uranium miners as well as nuclear plant builders Mitsubishi Heavy Industries and Kajima, among others. Also

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