For those of you more engaged with your financial portfolios than we
are, take a look at this, courtesy of Kiplinger:
Investors who want to ride nuclear's revival without betting on individual stocks have a new option. Invesco PowerShares last month launched an exchange-traded fund called the Global Nuclear Energy Portfolio (symbol PKN). The ETF tracks the performance of the World Nuclear Association (WNA) Energy Index, which contains 64 companies that design, construct and operate nuclear power reactors. The shares closed at $27.08 on May 8.
And the fund is jam packed with the usual suspects, minus of course Keyser Soze:
The ETF's biggest holding, at 8.5% of assets, is Areva (ARVCF.PK), a French company. "Areva is one of just a handful of publicly traded companies in the world that both designs and builds reactors," says Phillips.
Other big holdings include Japan's Toshiba (TOSBF.PK), Emerson Electric (EMR) and Canada's Cameco (CCJ), a leading producer of uranium, the raw material that becomes fuel for nuclear reactors.
Writer Amy Bickers reviews the reasons nuclear has sprung back to life and offers a definition of an ETF:
ETFs are funds that track a particular index and trade on exchanges just like stocks. ETF prices move up and down, in line with the value of the securities they hold. ETFs contain mechanisms that keep the share prices close to the value of their holdings.
Whether the electricity market in general is responsive to this kind of financial instrument, we have no idea. If you took our advice on stocks, you'd have only yourself to blame if your next home was a giant-screen TV box in a low traffic corner of your local public park.
Perhaps the more financially savvy members of our readership can weigh in on the virtues and vices of this kind of offering. For us, it's interesting that outfits creating such offerings find nuclear energy something that might appeal to potential buyers.
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