Mr. Nilesh Patel reports
FIRST TRUST LAUNCHES THE FIRST TRUST BLOOMBERG NUCLEAR POWER ETF
FT Portfolios Canada Co. has launched units of First Trust Bloomberg Nuclear Power ETF. Units of the fund will commence trading on the Toronto Stock Exchange today. The ticker symbol for the units is RCTR.
The First Trust Bloomberg Nuclear Power ETF seeks to replicate, to the extent possible, the performance of an index of companies that are exposed to nuclear power, net of expenses, initially the Bloomberg Nuclear Power Index. The fund will provide exposure to the index by holding securities of First Trust Bloomberg Nuclear Power ETF, a United States-listed index ETF managed by an affiliate of First Trust Canada. The index measures the performance of companies based on their expected revenue exposure to nuclear-related activities, as well as operational and financial factors including a company's ability to scale production, capital allocation trends, customer relationships and access to capital. Companies must also belong to one or more of the following exposure categories within the Nuclear Power Ecosystem, as determined by Bloomberg Intelligence (BI): power generation, uranium, and equipment and engineering, and procurement and construction (EPC).
"Power generation and energy consumption demand beyond what is even close to available currently, and for the foreseeable future, are two trends that are dominating the markets globally today. The current methods of power generation will not be able to supply the required amount of energy in the future. Nuclear power will have to make up a substantial amount of that shortfall in supply. This will require a significant build into the nuclear energy space. The First Trust Bloomberg Nuclear Power ETF will provide investors exposure to the building, growth and sustainability of nuclear energy production. At First Trust Canada we focus on providing Canadian investors with effective, innovative and timely investment strategies. RCTR is a unique ETF that provides exposure to the growth in the nuclear power ecosystem, specifically in power generation, uranium, and equipment and engineering, procurement and construction (EPC)," said Nilesh Patel, head of distribution at First Trust Canada.
About First Trust
Canada
First Trust Canada is the trustee, manager and promoter of the fund. First Trust Canada and its affiliates First Trust Advisors LP (FTA), portfolio adviser to the fund, an Ontario Securities Commission-registered portfolio manager and United States Securities and Exchange Commission-registered investment adviser, and First Trust Portfolios LP, a Financial Industry Regulatory Authority-registered broker-dealer, are privately held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $307.4-billion (U.S.) as of Nov. 30, 2025, through exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
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