Prospects for Nuclear Power ETFs and Global Cooperation
Recently, there has been a significant inflow of funds into nuclear power-related ETFs, capturing the interest of investors. Notably, the VanEck Uranium and Nuclear ETF (NLR) and Range Nuclear Renaissance Index ETF (NUKZ) are in the spotlight. NLR holds key stocks like Korea Hydro & Nuclear Power Co. and Constellation Energy, offering stable investment opportunities. In contrast, NUKZ stands out by diversifying across 50 stocks, focusing on emerging technologies and companies.
The stock prices of Korea Hydro & Nuclear Power and Korea Electric Power Corporation saw a sharp decline due to controversies with Westinghouse but rebounded on expectations of nuclear cooperation discussions at the upcoming U.S.-Korea summit. This led to increased volatility in nuclear ETFs launched by Mirae Asset Global Investments and Shinhan Asset Management. The U.S.'s nuclear expansion plans are heightening expectations for the benefits to domestic nuclear companies, and the summit could provide positive short-term momentum.
Related News
Nuclear ETF on a Rollercoaster…Future Directions [ETF Unboxing] - E-DailyNuclear stocks took a rollercoaster ride this week. After plummeting due to controversies about Korea Hydro & Nuclear Power and Korea Electric Power Corporation reaching a humiliating agreement with America's Westinghouse earlier this year, nuclear stocks rebounded on expectations of nuclear cooperation discussions in the Korea-U.S. summit. Amidst this, nuclear-themed ETFs were launched one after another...
“In the end, even AI needs power to run”...Uranium companies included ETFs gaining popularity with nuclear power - Maeil BusinessNUKZ, an overseas nuclear power ETF diversified into 50 stocks, tops market capitalization