Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > ETFs

Nuclear ETFs Drop Sharply as Nuclear Plant Crisis Grows

Your article was successfully shared with the contacts you provided.

As Japanese and other nuclear experts tried to contain the threat of plant meltdowns following Friday’s massive earthquake and tsunami, ETFs with a focus on the nuclear-power field fell sharply on Monday.

The Market Vectors Uranium & Nuclear Energy ETF (NLR) fell nearly 14% on very high volume Monday to trade below $22.

The iShares S&P Global Nuclear Energy ETF (NUCL) dropped 12% and was trading at $39.25 mid-day Monday, and the PowerShares Global Nuclear Energy ETF (PNK) declined about 12.7% to $18.20.

Year to date, the three ETFs tracking the nuclear industry have under-performed the Dow Jones Industrial Average, which is up about 4%. NUCL has risen about 3%, while the PKN is up about 1.5% and NLR 1%.

Over the past six months, however, NLR has outperformed the Dow. It’s risen about 20%, while, NUCL and PKN have moved at about the same pace as the Dow and are up roughly 14%.

Clean Energy ETFs

The iShares S&P Global Clean Energy Index ETF (ICLN) is having another strong day Monday, rising nearly 4.6% to trade above 17.  It jumped sharply last week, but is up only 2% for the year.

The First Trust Global Wind Energy ETF (FAN) is up 2% as of early afternoon trading on Monday, and the Market Vectors Global Alternative Energy ETF (GEX) has risen 3% to trade near $20.60.

PowerShares Global Wind Energy ETF (PWND) is moving at a similar pace, increasing 3% to trade near $20.50.

Earlier this year, investor interest in wind energy in the United States and overseas picked up due to government support of alternative- and renewable-energy programs.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.