Caso studio su un etf tematico: l'uranio come fonte primaria per la transizione energetica in un contesto di imprevedibilità geopolitica

Focusing on the latest trends in energy transition and the use of related raw materials, the following thesis seeks to explore the relatively new and fast-growing world of uranium. It is a market with high growth potential, still in the hands of a few players, one above all, which feels daily pressure from two macroeconomic superpowers, including the new rising star in the race for sustainable energy production, uranium. It will not only be treated from a macroeconomic perspective but also as a form of investment for those who want to allocate a part of their portfolio to this still-unknown material. The following paper attempts to analyse investment possibilities that are efficient and inexpensive for the investor, finding in ETFs the ideal solution. The latter will be an important object of the paper's examination, leading to the conclusion that they represent the best solution for investing in a product that has very strong natural entry barriers, which can be more easily circumvented thanks to ETFs. Last but not least, one ETF in particular will be examined that replicates the performance of an index composed of companies directly linked to the production, processing, and mining of uranium, showing its peculiar characteristics and returns from its inception to the present day.