Alternative Investments/ESG: Sprott Unveils ETFs For Clean Energy Metals
The four new ETFs focus on providing investors pure-play exposure to critical minerals essential to the generation, transmission, and storage of cleaner energy.
Sprott Asset Management has launched four ETFs focused on energy transition materials, including lithium miners, junior uranium miners, and junior copper miners. The ETFs provide exposure to companies in the energy transition materials industry, which will benefit from increasing demand for cleaner energy sources and limited supplies. The ETFs will be listed on the Nasdaq exchange and are designed to provide investors with liquid exposure to energy transition minerals. (ETFTrends/VettaFi)
The four new funds are:
|Name of ETF||Focus||Net Total Expense Ratio|
|Sprott Energy Transition Materials ETF (NASDAQ: SETM)||Global securities in the energy transition materials industry.||0.65%|
|Sprott Lithium Miners ETF (NASDAQ: LITP)||Global securities in the lithium industry, including lithium producers, developers, and explorers.||0.65%|
|Sprott Junior Uranium Miners ETF (NASDAQ: URNJ)||Mid-, small-, and micro-cap companies in uranium mining-related businesses.||0.80%|
|Sprott Junior Copper Miners ETF (NASDAQ: COPJ)||Mid-, small-, and micro-cap companies in copper mining-related businesses.||0.75%|
The funds correspond to the performance of the Nasdaq Sprott Energy Transition Materials Index, the Nasdaq Sprott Lithium Miners Index, the Nasdaq Sprott Junior Uranium Miners Index, and the Nasdaq Sprott Junior Copper Miners Index, respectively.
“2022 was a global wake-up call regarding the importance of energy transition and security,” said John Ciampaglia, CEO of Sprott Asset Management. “Certain critical minerals serve as raw materials that are required to meet the growing need for low-carbon energy, increased electrification and the transition to electric vehicles.”
Ciampaglia added: “Due to years of underinvestment, demand for many energy transition materials now outstrips supply. We believe mining companies focused on energy transition minerals are well positioned to benefit from the significant investments that will be required over the coming decades.”
Related Story: Sprott Files For An Energy Transition Materials ETF
Photo by Kumpan Electric on Unsplash
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