HANetf highlights success of uranium ETF as prices rise on growth popularity of nuclear energy
Last updated: 08:57 29 Jan 2024 EST, First published: 09:21 26 Jan 2024 EST
HANetf co-founder and CEO Hector McNeil discusses the company's performance and market insights in an interview with Proactive London.
McNeil highlighted the success of HANetf's uranium ETF, which he claimed is the best-performing thematic ETF globally. The ETF's uniqueness stems from its composition of 80% uranium miners and 20% physical uranium, capitalizing on nuclear energy's growing popularity as a clean energy source. He attributed the surge in uranium prices to supply issues and increased global interest in nuclear power.
McNeil also touched on the challenges of rapidly increasing uranium mining, citing a typical five-year period to make mines productive. This delay in supply, coupled with rising demand, contributes to sustained high uranium prices.
Shifting focus to HANetf's NATO ETF, McNeil discussed its strategy centering on defense, encompassing industrial and cyber companies aligned with NATO. The fund responds to global geopolitical tensions, including potential conflicts involving NATO and Russia, and the increasing importance of cyber warfare.
Lastly, McNeil commented on the broader market, acknowledging the tough start for the FTSE 100 but remained optimistic about correction and growth opportunities in tech and other sectors. His outlook for HANetf is positive, seeing potential in diversifying tech exposure and focusing on emerging megatrends.
