Sprott Launches Four New ETFs Focused on Energy Transition Materials
02 Febrero 2023 - 6:00AM
Sprott Asset Management LP (“Sprott”), a wholly-owned subsidiary of
Sprott Inc. (NYSE/TSX: SII), today announced the launch of four
Exchange Traded Funds (ETFs) focused on providing investors
pure-play1 exposure to critical minerals essential to the
generation, transmission and storage of cleaner energy. The four
funds are Sprott Energy Transition Materials ETF (Nasdaq: SETM),
Sprott Lithium Miners ETF (Nasdaq: LITP), Sprott Junior Uranium
Miners ETF (Nasdaq: URNJ) and Sprott Junior Copper Miners ETF
(Nasdaq: COPJ).
As nations around the world embrace mandates
that require sharp reductions in their carbon emissions, Sprott’s
new Energy Transition ETFs enable investors to gain convenient,
liquid2 exposure to the miners of critical minerals that may
benefit from quickly increasing demand, limited supplies and the
challenges of bringing minerals to market.
“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. 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.”
The funds track indices Sprott Asset Management has developed in
partnership with Nasdaq, which will also list the ETFs on its
exchange. “We’re excited to support Sprott Asset Management with
the launch of four Energy Transition ETFs as both the index
provider and listing partner,” said Giang Bui, Head of U.S.
Exchange Traded Products at Nasdaq. “Fueled by innovation, Nasdaq
seeks to continue expanding our suite of unique indices that
provides meaningful ways for the investment community to track the
companies transforming tomorrow.”
These four ETFs join Sprott’s existing Sprott Uranium Miners ETF
(NYSE Arca: URNM) and Sprott Physical Uranium Trust (TSX: U.U,
U.UN). Sprott’s energy transition fund suite now comprises:
Sprott Energy Transition Materials ETF |
Nasdaq: SETM |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Energy Transition Materials™ Index (NSETM™). The Index
is designed to track the performance of a selection of global
securities in the energy transition materials industry. |
Sprott Lithium Miners ETF |
Nasdaq: LITP |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Lithium Miners™ Index (NSLITP™). The Index is designed
to track the performance of a selection of global securities in the
lithium industry, including lithium producers, developers and
explorers. |
Sprott Uranium Miners ETF |
NYSE Arca: URNM |
Seeks to invest at least 80% of its total assets in securities of
the North Shore Global Uranium Mining Index (URNMX). The Index is
designed to track the performance of companies that devote at least
50% of their assets to the uranium mining industry, which may
include mining, exploration, development and production of uranium,
or holding physical uranium, owning uranium royalties or engaging
in other non-mining activities that support the uranium mining
industry. |
Sprott Junior Uranium Miners ETF |
Nasdaq: URNJ |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Junior Uranium Miners™ Index (NSURNJ™), which is
designed to track the performance of mid-, small- and micro-cap
companies in uranium mining-related businesses. |
Sprott Junior Copper Miners ETF |
Nasdaq: COPJ |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Junior Copper Miners™ Index (NSCOPJ™), which is
designed to track the performance of mid-, small- and micro-cap
companies in copper mining-related businesses. |
Sprott Physical Uranium Trust |
TSX: U.U ($US), U.UN ($CA) |
Seeks to provide a secure, convenient and exchange-traded
investment alternative for investors interested in holding
uranium. |
1 Note: The term “pure-play” relates directly to the exposure
that the fund has to the total universe of investable, publicly
listed securities in the investment strategy.
2 ETFs are considered to have continuous liquidity because they
allow for an individual to trade throughout the day.
About Sprott Inc.Sprott Inc. is a global leader
in precious metal and energy transition investments. We are
specialists. Our in-depth knowledge, experience and relationships
separate us from the generalists. Our investment strategies include
Exchange Listed Products, Managed Equities and Private Strategies.
Sprott has offices in Toronto, New York and London, and the
company’s common shares are listed on the New York Stock Exchange
and the Toronto Stock Exchange under the symbol (SII).
Contact:Glen WilliamsManaging PartnerInvestor
and Institutional Client RelationsDirect: (416)
943-4394gwilliams@sprott.com
Dan GagnierGagnier CommunicationsDirect: (646)
569-5897sprott@gagnierfc.com
Important Disclosures
The Sprott Energy Transition ETFs are made up of the
following: Sprott Energy Transition Materials ETF (SETM), Sprott
Lithium Miners ETF (LITP), Sprott Uranium Miners ETF (URNM), Sprott
Junior Uranium Miners ETF (URNJ) and Sprott Junior Copper Miners
ETF (COPJ). Before investing, you should consider each Fund’s
investment objectives, risks, charges and expenses. Each Fund’s
prospectus contains this and other information about the Fund and
should be read carefully before investing.
Prospectuses can be obtained by
calling 888.622.1813 or by visiting
https://sprottetfs.com/setm/prospectus,
https://sprottetfs.com/litp/prospectus,
https://sprottetfs.com/urnm/prospectus,
https://sprottetfs.com/urnj/prospectus,
or
https://sprottetfs.com/copj/prospectus.
The Funds are not suitable for all investors. There are
risks involved with investing in ETFs, including the loss of money.
The Funds are non-diversified and can invest a greater portion of
assets in securities of individual issuers than a diversified fund.
As a result, changes in the market value of a single investment
could cause greater fluctuations in share price than would occur in
a diversified fund.
Exchange Traded Funds (ETFs) are bought and sold
through exchange trading at market price (not NAV) and are not
individually redeemed from the Fund. Shares
may trade at a premium or discount to their NAV in the secondary
market. Brokerage commissions will reduce returns." Authorized
participants" may trade directly with the Fund, typically in blocks
of 10,000 shares.
Funds that emphasize investments in small/mid-cap companies will
generally experience greater price volatility. Diversification does
not eliminate the risk of experiencing investment losses. ETFs are
considered to have continuous liquidity because they allow for an
individual to trade throughout the day. A higher portfolio turnover
rate may indicate higher transaction costs and may result in higher
taxes when Fund shares are held in a taxable account. These costs,
which are not reflected in annual fund operating expenses, affect
the Fund’s performance.
Nasdaq®, Nasdaq Sprott Energy Transition Materials™ Index,
NSETM™, Nasdaq Sprott Lithium Miners™ Index, NSLITP™, Nasdaq Junior
Uranium Miners™ Index, NSURNJ™, Nasdaq Junior Copper Miners™ Index,
and NSCOPJ™ are registered trademarks of Nasdaq, Inc. (which with
its affiliates is referred to as the “Corporations”) and are
licensed for use by Sprott Asset Management LP. The Product(s) have
not been passed on by the Corporations as to their legality or
suitability. The Product(s) are not issued, endorsed, sold, or
promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE
PRODUCT(S).
ALPS Distributors, Inc. is the Distributor for the Sprott Funds
Trust and is a registered broker-dealer and FINRA Member. Sprott
Asset Management LP is the investment advisor to the Sprott
ETFs.
ALPS Distributors, Inc. is not affiliated with Sprott Asset
Management LP.
© 2023 Sprott Inc. All rights
reserved.
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