Uranium Focused Energy Fund Investment Update
Wednesday May 2, 4:51 pm ET
biz.yahoo.com
TORONTO, May 2 /CNW/ -
Investment Update
Uranium Focused Energy Fund is a Toronto Stock Exchange (TSX)-listed fund focused predominantly on the securities of issuers that operate in or have exposure to the uranium sector, supplemented with securities of other energy related issuers. The Fund is now fully invested and has been designed to capitalize on the view of the Advisor, Middlefield Capital Corporation, that the uranium sector will continue to provide attractive opportunities for investment over the next several years. The strong fundamentals underlying the uranium business include rising demand for nuclear power on the back of concerns over carbon emissions from coal-based power generation as well as the high cost of alternative fuels like natural gas.
Advisor
Middlefield Capital Corporation is a specialty investment manager with over $4.0 billion in assets under management. Since its inception in 1979, Middlefield has established a strong reputation as a creator and manager of unique investment products designed to balance risk and return to meet the demanding requirements of investment advisors and their clients. Middlefield has developed particular expertise in the oil and gas, mining and uranium sectors.
Global Fuel Solutions, an independent uranium industry consultant based in Los Altos, California, has been engaged to provide Middlefield with analysis and opinion regarding uranium market supply-demand fundamentals and associated pricing implications.
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Highlights
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Total Assets $244,837,254
TSX Symbol UF.UN
Sector Allocation
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77% Uranium Companies
5% Uranium Related
12% Other Energy
6% Net Cash
Portfolio - Top 25 Holdings as at April 30, 2007
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Anglogold Ashanti Limited
Areva CI
Aurora Energy Resources Inc.
BHP Billiton Limited
Cameco Corporation
Denison Mines Corp.
Energy Fuels Inc.
Energy Metals Corporation
Energy Resources of Australia Ltd.
First Uranium Corporation
Forsys Metals Corp.
Fort Chicago Energy Partners L.P.
General Electric Company
Laramide Resources Ltd.
Major Drilling Group International
Mega Uranium Ltd.
Paladin Resources Ltd.
Rio Tinto PLC
Sector Allocation
SXR Uranium One Inc.
UEX Corporation
USEC Inc.
Ur Energy Inc.
UraMin Inc.
Uranerz Energy Corporation
Uranium Participation Corporation
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For further information
please visit www.middlefield.com or contact Nancy Tham, Senior Vice-President, at (416) 847-5349
Source: Uranium Focused Energy Fund |
