Sprott Asset Management Acquires Assets Relating to the North Shore Global Uranium Mining ETF to Expand ETF Offerings.
MANews-(C)2009-2022
Sprott Asset Management LP, a wholly owned subsidiary of Toronto-based precious metal and real asset investor Sprott Inc. (NYSE: SII) (TSX: SII) has acquired certain assets relating to managing the North Shore Global Uranium Mining ETT the company said.
Terms of the transaction were not disclosed.
Exchange Traded Concepts, LLC acted as the investment adviser. Sprott Funds Trust and Exchange Traded Concepts Trust have completed the reorganisation of the North Shore Global Uranium Mining ETF from a series of Exchange Traded Concepts Trust to Sprott Uranium Miners ETF, a series of Sprott Funds Trust.
URNM is now advised by Sprott Asset Management and sub-advised by ALPS Advisors, Inc.
In connection with the acquisition and fund reorganisation, Sprott...
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