URAX offers you exposure to the ten largest companies in the sector

SocGen has a UK-based index fund, trading under "URAX" that tracks its own uranium index, the World Uranium Total Return index. The Index was launched on 30 November 2006.

The Index tracks the performance of the world uranium sector and includes the 10 largest global companies operating in the fields of uranium mining and processing.

Stocks for the Index are selected by Dow Jones Indexes for their representativeness of the whole uranium industry. The World Uranium Total Return index members are the largest and most liquid stocks from the list of eligible companies.

Index components are ranked according to their free-float market capitalisation and market liquidity. The components are re-weighted on a quarterly basis. The minimum weighting for each company is 5% and maximum is 15%.The resulting changes to the Index are implemented after the closing on the third Friday in March, June, September, and December and are effective the next trading day.

Currently, as per September 30th, 2010, the top three companies by weighting include miners with major uranium interests, such as BHP Billiton, Rio Tinto and Cameco. While the former two, represent over 30 per cent of the Index are hardly pure uranium miners, Cameco also has major gold producing assets.

URAX is hedged in GBP so, although the base currency of the underlying index is EUR, investors are protected from currency fluctuations. Management Fees: 1% p.a. The Tracker can be held as a direct investment, in a SIPP or an ISA. No stamp duty is payable on trades. The minimum trade size is £1,000.

Why invest in a tracker such as URAX

Investing in a uranium index tracker is an easy way to get exposure to companies operating in the fields of uranium mining and processing.

There are several other uranium mining and nuclear energy related trackers and ETFs that I am aware of each with varying amounts of uranium mining and nuclear energy exposure, including:

Get detailed information on shares and dividend prospects of many
FTSE350 companies completely FREE of charge!

Subscribe to
Dividend Alerts

and get the
Guide to Dividend Investing
at Half Price!

Your E-mail

First Name

Then Click

Check your email to confirm!

Don't worry -- your e-mail address is totally secure.
I promise to use it only to send you Dividend Alerts

Introducing Dividend Income Investor.com

What if you knew when high
quality dividend paying
shares are historically
undervalued or overvalued?

Wouldn't that be invaluable
information allowing you to
make much better informed
investment decisions?

Dividend Income Investor
1. shows you what we buy,
2. when we buy shares and
3. when we sell shares in
our own real-money
Dividend Income Portfolio

CLICK HERE to find out

By continuing to use this site, you agree to the use of cookies.

Click HERE to find out more about cookies and our Cookie Policy.

Get Your Guide to Dividend Investing for just £19.99.

Guide to Dividend Investing cover

Click Here to learn more.

Own foreign shares? Reclaim dividend withholding tax!

Dividend Tax back

Follow me at Twitter, click:

Get live commentary on dividend paying companies and updates of our progress at Dividend Income Investor.com