ETFs Are Going Nuclear
Source: U.S. News & World Report (3/26/08)
Soon, there will be two exchange-traded funds that invest in nuclear energy. On April 3, PowerShares expects to launch the Global Nuclear Energy ETF, which will be tied to an index of 66 stocks that includes reactors, utilities, construction, technology, equipment, service providers, and fuels.
The PowerShares ETF will join the Van Eck Nuclear Energy ETF, which has been around since August. That fund tracks an index made up of 38 companies worldwide that participate in uranium mining, enrichment, and storage; nuclear plant infrastructure; fuel transportation; and energy generation, as well as equipment.