Slowly but surely, the world is moving away from fossil fuel and looking at cleaner, more alternative forms of energy such as nuclear, wind, and solar. As the world undergoes these changes, investing in these alternative commodities can yield some great results. An example of this is uranium, an element that plays a key part in producing nuclear energy, rising in popularity among investors.

There are a few ways to invest in uranium besides the usual trading of stocks. Because uranium cannot be obtained physically like some other popular metal commodities such as gold or silver, one can buy uranium futures. Another way to get into uranium investing besides stocks and futures is through an exchange-traded fund (ETF).

Uranium ETFs

Convenient and low-risk, a smart uranium investment is through an ETF. Global X Uranium ETF  (NYSE:$URA) was launched in 2010 by Golabl X Funds and was the first uranium-based ETF. It tracks some of the most popular uranium stocks, using the Solactive Global Uranium Index as its underlying benchmark.

The URA is ideal if one is just beginning to invest in uranium, as it provides exposure to some top-ranking companies in uranium news today such as Cameco (TSE:$CCO), Uranium One (TSE:$UUU), Paladin Resources, Denison Mines (TSE:$DML), and Kalahari Minerals (LON:$KAH).

Uranium Futures

If you are an investor who feels better to directly invest in the commodity, you can do so through uranium futures. However, it should be noted that futures trading can be incredibly risky and is suggested only if you have had a fair amount of experiencing trading futures contracts.

To invest in uranium through futures contracts, look to the Chicago Mercantile Exchange ($CME), who offers the UxC (CME:$UX). The UxC is the first contract that gives those in uranium investing a direct ownership to the metal. If you are interested in making your uranium investment through this futures contract, visit the CME Group website to learn more information and conduct thorough research.

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