CCAM Sees Investment Opportunity in Nuclear Energy ETF
May 29, 2009, Austin, TX – After calling the surge in Uranium prices, which are up almost 25 percent since Capital Cities Asset Management recommended a few weeks ago that its clients invest in Frontier (FRG), Austin-based CCAM has a new favorite.
“For those seeking a diversified basket of stocks, NLR is the way to go,” said John Schloegel, Vice President of Investment Strategies at CCAM (www.ccam.com)
NLR, or Market Vectors Nuclear Energy ETF, seeks to replicate the price and yield performance of the DAXglobal Nuclear Energy Index by investing in a portfolio of securities that generally replicates the DXNE. This index, which is calculated by Deutsche Borse AG, is a modified market capitalization-
“This sector works well when crude oil is high, the US Dollar is down, and investors have an appetite for high beta names,” said Schloegel.
“In addition, NLR fits extremely well with our long-term market forecast of dollar weakness and ultimately inflation. Massive spending by both the outgoing Bush and incoming Obama administrations is creating a tidal wave of monetary pressure on hard assets. This pushes commodities and the companies that produce them upward. NLR is uniquely positioned to benefit from these converging macro economic conditions.”
About CCAM
Founded in 1993, Capital Cities Asset Management, Inc is an Austin-based Registered Investment Advisor. CCAM offers account services for individual and institutional investors utilizing sector, style, and international rotation strategies. For more information on CCAM, visit www.ccam.com, or call 800-767-2595.
