Alternative Investments/ESG: BetaShares To Launch Solar Energy And Uranium Focused ETFs In Australia

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The new ETFs are likely to debut on the ASX in June 2022.

BetaShares ETFs has announced plans to launch two new ETFs that will offer investors Down Under exposure to two of the world’s most important alternative energy sources – namely, solar energy and uranium – that are likely to play a major role in the forthcoming energy transition. (InvestorDaily)

The proposed ETFs are the BetaShares Solar ETF (TANN) and BetaShares Global Uranium ETF (URNM), and are the first of their kind to be offered to investors in Australia.

BetaShares Solar ETF (TANN)

It will provide exposure to leading global companies involved in the solar energy industry, including solar panel manufacturers, inverter suppliers, installers, manufacturers of solar-powered charging and energy storage systems, and providers of solar project finance.

BetaShares Global Uranium ETF (URNM)

It will provide exposure to a portfolio of global companies involved in the mining, exploration, development and production of uranium, modern nuclear energy, or companies that hold physical uranium or uranium royalties.

Fundspeak

“Our new TANN ETF will offer investors exposure to a portfolio of leading companies that are making solar energy more accessible, reliable and a part of the globe’s power grid,” said Alex Vynokur, CEO at BetaShares. “Importantly, it is suitable for investors who wish to ensure their portfolios include ethical and responsible exposures.”

On URNM Vynokur said: “It’s clear that uranium has an important role to play in maintaining the world’s energy security, as well as acting as a bridge and complement to renewable energy solutions,” especially considering the global market for uranium is currently in a considerable supply-demand deficit.

Related Story: The Global X Uranium ETF Powers To A 52-Week High

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