Following a more than decade-long nuclear dispute, Iran, United States and number of world powers appeared to have reached common ground last week. The agreement is an outline that puts the countries on track to completing a final deal within three months time.
The negotiations have taken about 18 months and the European Union's foreign policy chief, Federica Mogherini stated that the recent headway is a " decisive step " in managing a temperamental Iran. Additionally, President Barack Obama stated that there was a " historic understanding " that will stop Iran from obtaining nuclear weapons.
The completed deal is expected to see Iran reduce its Uranium stockpile by 98 percent for 15 years and limit its enrichment capacity in exchange for the European Union lifting economic sanctions that have greatly hindered Iran's economy. The United States will also be lifting many sanctions once Iran's accordance with the agreement is confirmed.
All the talk about nuclear power has brought a lot of attention to the utility and industrial companies that deal with its production, management and mining of uranium.
Related Link: California Drought And Water ETFs
The Market Vectors Nuclear Energy ( ETF ) (NYSE: NLR ) provides investors exposure to 53 companies across 11 countries involved in uranium and nuclear energy. The most heavily weighted countries are the United States at 65 percent and Japan at 20 percent.
The top individual holdings are:
NLR is down 1.4 percent over the last 12 months, down 1 percent over the last six months and down 3.3 percent year-to-date. The nuclear energy ETF has an expense ratio of 0.60 percent.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.