Uranium is a key input in the production of nuclear energy.
NZ Funds said the rise in the uranium price in this time had boosted the returns of its existing options positions by as much as 362% so far.
"The drive for an energy transition has increased positive sentiment towards nuclear energy.
"NZ Funds have the in-house infrastructure and investment team, along with world-class expertise from our partners at Syzygy to support these types of investments," said Mark Brooks, senior portfolio manager at NZ Funds.
Nuclear energy is responsible for 10% of the world's power generation, EIA website statistics show.
Persons:
Syzygy, Goldman Sachs, William Callanan, Mark Brooks, Nell Mackenzie, Amanda Cooper, David Evans
Organizations:
U.S, Reuters, Wednesday, Funds, Technological, Senate, Fuel Security, Uranium, NZ Funds, U.S . Energy Information Administration, EIA, Thomson
Locations:
Russia, China, Japan, Ukraine, United States, U.S, Canada, Kazakhstan, Uzbekistan