Sprott Asset Management, a subsidiary of precious metals and energy transition investment group Sprott, has launched four exchange traded funds focused on providing investors pure-play exposure to critical minerals essential to the generation, transmission and storage of cleaner energy.
The four funds are Sprott Energy Transition Materials ETF, Sprott Lithium Miners ETF, Sprott Junior Uranium Miners ETF and Sprott Junior Copper Miners ETF.The four ETFs join Sprott’s existing Sprott Uranium Miners ETF and Sprott Physical Uranium Trust. “2022 was a global wakeup call regarding the importance of energy transition and security,” said Sprott Asset Management CEO“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.
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“Fuelled 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.