Q: Sprott has just launched four 'energy transition' ETFs.
My question is about the Sprott Junior Uranium Miners ETF (Nasdaq: URNJ).
The Sprott website says the ETF will follow the Nasdaq Sprott Junior Uranium Miners™ Index (NSURNJ™).
For an ETF following an index, I find the .80% management fee a bit rich. Any idea why it is so high?
As an aside, the fact the fund is following the index is the only way I can explain the inclusion of a company like Mega (MGA), whose share price has been mostly moribund over the past decade and even now with the rising interest in uranium still barely shows a pulse.
Would welcome your thoughts, especially given your (Peter) earlier history with Sprott.
Many thanks as always,
Marc.
My question is about the Sprott Junior Uranium Miners ETF (Nasdaq: URNJ).
The Sprott website says the ETF will follow the Nasdaq Sprott Junior Uranium Miners™ Index (NSURNJ™).
For an ETF following an index, I find the .80% management fee a bit rich. Any idea why it is so high?
As an aside, the fact the fund is following the index is the only way I can explain the inclusion of a company like Mega (MGA), whose share price has been mostly moribund over the past decade and even now with the rising interest in uranium still barely shows a pulse.
Would welcome your thoughts, especially given your (Peter) earlier history with Sprott.
Many thanks as always,
Marc.