Legendary investor Ric Edelman on why financial literacy hasn't improved in a generation… and what can be done.
Ric Edelman, founder of the Digital Asset Council of Financial Professionals and former head of Edelman Financial Engines, joins Bob Pisani on 'ETF Edge' to weigh in on why financial literacy has stagnated and what needs to be done to expand the knowledge to this generation.
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Power play: Two money managers bet big on uranium, predict long shelf life for gains
The uranium trade's shelf life may last years. According to Sprott Asset Management CEO John Ciampaglia, a "real shift" upward is underway due to increasing global energy demand — particularly as major tech companies look to power artificial intelligence data centers. "We've been talking about uranium and nuclear energy non-stop for four years at Sprott, and we've been incredibly bullish on the segment," he told CNBC's "ETF Edge" this week. Ciampaglia's firm runs the Sprott Physical Uranium Trust (SRUUF), which Morningstar ranks as the world's largest physical uranium fund. It's up 22% over the past two months. The firm is also behind the Sprott Uranium Miners ETF (URNM), which is up almost 38% over the past two months. The Sprott website lists Cameco and NAC Kazatomprom JSC as the top two holdings in the fund as of June 12. "It's [uranium] a reliable form of energy. It has zero greenhouse gases. It has a very good long-term track record," Ciampaglia said. "It provides a lot of electricity on a large scale, and that's right now what the grid is calling for." Ciampaglia finds attitudes are changing toward nuclear energy because it offers energy security with a low carbon footprint. Uranium is "incredibly energy-dense" compared to most fossil fuels, he said, which makes it a promising option to ensure energy security. He cited the 2022 energy crisis in Europe after Russia cut its oil supply to the region and April's grid failure in Spain and Portugal as cases for more secure energy sources. "We think this trend is long term and secular and durable," Ciampaglia said. "With the exception of Germany, I think every country around the world has flipped back to nuclear power, which is a very powerful signal." VanEck CEO Jan van Eck is also heavily involved in the uranium space. "You need reliable power," he said. "These data centers can't go down for a fraction of a second. They need to be running all the time." His firm is behind the VanEck Uranium and Nuclear ETF (NLR), which is up about 42% over the past two months. According to VanEck's website as of June 12, its top three holdings are Oklo, Nuscale Power and Constellation Energy. But he contends there's a potential downside to the uranium trade: Building new nuclear power plants can take years. "What's going to happen in the meantime?" Van Eck said. "Investors are not patient, as we know." Van Eck also thinks it's possible the Trump administration's positive attitude toward nuclear power could fast track development. He highlighted nuclear technology company Oklo during the interview. Its shares soared on Wednesday after the company announced it was anticipating a deal with the Air Force to supply nuclear power to a base in Alaska. The agreement came not long after President Donald Trump in May signed a series of executive orders to rework the Nuclear Regulatory Commission, expedite new reactor construction and expand the domestic uranium industry. "Trump controls federal land, so that's not a NIMBY [not in my backyard] kind of potential risk," said Van Eck. "They're going to leverage that hard to start to show the safety of these newer, smaller technologies."
CNBC
4 days ago
- CNBC
ETF Edge: Gold, uranium, private credit and the rush into alternative assets
John Ciampaglia, Sprott Asset Management CEO, and Jan Van Eck, VanEck and Associates CEO, join Dom Chu on 'ETF Edge' on how investors are turning to alternative assets like gold and private credit to get yield and where the sectors are set to go from here.
CNBC
4 days ago
- CNBC
Uranium is having a 'glow up' moment… will it last?
John Ciampaglia, Sprott Asset Management CEO, and Jan Van Eck, VanEck and Associates CEO, join Dom Chu on 'ETF Edge' to discuss the opportunity for uranium and where the asset goes from here.
