Non-Ucits funds benefit from uranium price rise

Non-Ucits funds have been able to benefit from the recent rise in uranium prices, according to New S...

Non-Ucits funds have been able to benefit from the recent rise in uranium prices, according to New Star. The group said speculative buyers have forced the price to rise to its highest ever level in recent weeks at $85/lb, with some predicting a further rise to $100/lb this year. Mark Harris, head of New Star’s fund of funds division, said that it is harder for Ucits vehicles to gain access to the uranium market. However, after converting in October last year to a Nurs regime, his funds have been invested in specialised investment trusts and other vehicles to gain exposure. Before co...