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First Trust has launched the First Trust Bloomberg Nuclear Power ETF (NYSE Arca: RCTR), a new thematic ETF tracking the Bloomberg Nuclear Power Index. The fund targets companies within the nuclear power ecosystem, focusing on three key categories: uranium, power generation, and equipment/engineering services.
The index includes up to 50 companies selected based on their nuclear power revenue exposure and market capitalization. Companies are evaluated on criteria including production scalability, capital allocation, customer relationships, and capital access. First Trust, with $278 billion in assets under management as of June 30, 2025, aims to capitalize on growing demand for clean, reliable energy to power AI, electric vehicles, and industrial reshoring.