Saxo Bank adds nuclear power theme basket
Multi-asset investment expert Saxo Bank has added a nuclear theme basket to be able to track the interest into this energy source as the energy crisis has clearly put nuclear power back on the map for investors.
The nuclear theme basket consists of companies within uranium mining, operation of nuclear power plants, and companies selling technology related to nuclear power. The basket is one way to express investor sentiment on nuclear power, but it is important to note that it is a difficult theme to construct a pure and good exposure profile around.
Saxo Bank regularly updates its theme baskets. Earlier this year, Saxo replaced 11 companies in the semiconductor basket.
In terms of performance, the commodities basket was the best performing theme basket last week. At the other end of the spectrum all of Saxo’s green baskets (energy storage, renewable energy, and green transformation) were the worst performing baskets.