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Uranium

 

Market Moves: Week Ending 24 January 2025

Justin Lin
Justin Lin
29 Jan 2025
Market Moves: Week Ending 24 January 2025
  • Uranium ETFs (ATOM, URNM) were the top performing funds of the week after Sam Altman, CEO of OpenAI, announced a partnership with RPower to deploy Oklo's Aurora nuclear powerhouses to OpenAI's datacentres.1 The integration of nuclear power with high-demand sectors like AI and data centres is highlights its role in solving energy reliability and sustainability challenges.
  • Short equity funds (BBOZ, BBUS, SNAS), which benefit when the stock market falls, were a theme among the poorest performers last week. Excitement toward Trump's potentially pro-business policies helped push equities higher across the board as investors rushed into risk assets.2
  • There were $1.27 billion in reported inflows for the week and $58.6 million in outflows, marking a week of net inflows for the Australian ETF industry.

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Looking for more ETF Express content? Check out this week's Thematic Spotlight and Commodity Calls.

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