Le Lézard
Classified in: Environment

MarketVector Indexestm Licenses the MarketVectortm Global Uranium and Nuclear Energy Infrastructure Index to VanEck Europe

MarketVector Indexestm ("MarketVector") announces the licensing of the MarketVectortm Global Uranium and Nuclear Energy Infrastructure Index (ticker: MVNUCL) to underlie the VanEck Uranium and Nuclear Technologies UCITS ETF.

The index includes companies that generate at least 50% of their revenue from uranium which consists of uranium mining or mining projects; or nuclear energy infrastructure, including projects related to the development and commercialization of nuclear fusion technology or molten salt nuclear reactor research. It may also include construction, engineering and maintenance of nuclear power facilities and nuclear reactors, equipment and technology; or services to the nuclear power industry. This index also comprises exchange-listed funds that track the spot price of uranium and investments in physical uranium.

"Current global developments have a massive impact on energy markets," said Thomas Kettner, COO at MarketVector. "Global warming, as a result of burning fossil fuels, and the war in Ukraine, have forced countries into changing their strategies. MarketVector developed this index, which is the second one covering this topic, to give investors the option to react to the respective policy changes."

The MarketVectortm Global Uranium and Nuclear Energy Infrastructure Index (ticker: MVNUCL) is weighted by free-float market capitalization and reviewed on a quarterly basis. The index is calculated in USD as a price index and a total-return net index. Capping factors are applied to avoid overweighting of single index components.

"Reducing CO2 emissions is a task of global importance," explains Martijn Rozemuller, CEO at VanEck Europe. "Due to recent geopolitical developments and the debate on European energy independence, nuclear power as an energy source and uranium as a raw material are becoming increasingly important. The EU recognizes this and has recently included nuclear energy in its climate taxonomy. In addition, researchers in the U.S. achieved a breakthrough in nuclear fusion in December 2022, with more energy generated than consumed in the fusion process for the first time in history. This technology coupled with new approaches could make a large contribution to our energy supply in the future."

"In an effort to be less dependent on fossil fuels, France, Europe's leading nuclear energy producer, announced its plans to commission at least 14 new nuclear power plants by 2050 to renew its power grid and the Dutch government plans to build two new reactors," adds Kamil Sudiyarov, product manager at VanEck.

Detailed information about the index, including methodology details and index data, is available on the MarketVector Indexes website.

Key Index Features
MarketVectortm Global Uranium and Nuclear Energy Infrastructure Index (ticker: MVNUCL)
Number of Components: 25
Base Date: December 31, 2021
Base Value: 1000

About MarketVector Indexes - www.marketvector.com

MarketVector Indexestm ("MarketVector") is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVectortm, MVIS® and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets throughout the world, with approximately USD28.31 billion in assets under management.

These press releases may also interest you

at 17:45
The "Subsea Desalination Market Report 2023-2033" report has been added to ResearchAndMarkets.com's offering. The market will surpass US$1,859 million in 2023Demand for Subsea Desalination Projects is Increasing Seawater and brackish water...

at 17:17
good natured Products Inc. (the "Company" or "good natured®")  , a North American leader in plant-based products, announces that, subject to the receipt of approval from the TSX Venture Exchange (the "TSXV"), it has engaged the services of ICP...

at 17:00
Today, during Canadian Environment Week, volunteers joined Hydro One and the City of Peterborough at Ashburnham Memorial Park to plant and give away over 500 trees to restore the urban canopy. This community partnership investment comes on the heels...

at 16:58
Bernard Tan, Chief Executive Officer, RE Royalties, along with representatives from Water Tower Research, CVW Clean Technologies, Solar Alliance, ReCyclico, Northstar Clean Technologies, Revolve Renewables, Electrovaya, Synex Renewables, Green Impact...

at 16:40
Atlantis Paradise Island, a global leader in marine life conservation, will be home to The Bahamas' first coral gene bank, making strides in the global fight against Stony Coral Tissue Loss Disease (SCTLD), an affliction decimating coral populations...

at 16:35
Granite announced today its "Sustainable Practices | Materials" video has been named Best General Non-Broadcast in the 44th Annual Telly Awards. The Telly Awards honors excellence in video and television across all screens and is judged by leaders...

News published on and distributed by: