Sprott Critical Materials ETF (SETM)
Sprott Critical Materials ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Darien, CT, US. The stock last traded at $30.45, down 0.21% on the session, giving a market capitalisation of $81.5M. Its beta of 1.33 implies it has historically moved more than the broad market.
This fund aims to mirror the performance of a specific index by investing at least 80% of its total capital in the index's constituent securities. The underlying index focuses on companies that generate a minimum of 50% of their revenue or hold at least 50% of their assets from activities integral to "energy transition materials." These activities span the full spectrum, including the discovery (exploration), extraction (mining), development, production, processing (refining or smelting), and recycling of these critical materials. Alternatively, the index may also include firms whose primary assets are significant investments in such energy transition materials. Notably, this fund operates as a non-diversified investment vehicle.
Sprott Critical Materials ETF is most often compared with the following Financial Services names: