World Class Portfolio Manager
UBS Global Asset Management, one the world's largest and most respected global asset managers with approximately $800 billion in assets under management globally.
Uranium Fundamentals
Supply/demand gap is expected to benefit uranium producers, developers and exploration companies as valuable long-term contracts are being negotiated at historically high prices. (click here for more information)
Low Fees
Management fee of 1.10% per annum, which includes fees payable to Portfolio Manager
Strong Corporate Governance
Managed by Brompton Funds Management Limited
| TSX Symbol (click for quote) |
GUR GUR.WT |
| NAV (Nov 13, 2008) |
$1.55 (Basic) $1.55 (Fully Diluted) |
| Inception Date | June 18, 2007 |
| Total Assets (Oct 31, 2008) | $16 million |
Portfolio Manager believes spot price and equity price declines in past year are temporary and provide attractive entry point for investors.
Shortfall is made up by secondary supply, which is finite, depleting and expected to be drastically reduced by 2013.
Highly Enriched Uranium Agreement, whereby Russia provides uranium recycled from nuclear weapons, which accounted for 10% of world supply will expire in 2013.107 new nuclear power plants expected to be built by 2020, requiring 45% increase in current mined supply.
New demand is primarily from merging markets; approximately 50% of new energy capacity is expected to come from Brazil, Russia, India and China.
Source: World Nuclear Association, June 2008.