BNP Paribas has launched the THEAM Quant– Nuclear Opportunities Fund, aiming to invest in companies across the nuclear energy value chain. The fund offers diversified exposure to sectors like uranium mining, power generation, and engineering services.
BNP Paribas, in collaboration with Exane Research, has launched the THEAM Quant – Nuclear Opportunities Fund, designed to offer investors a diversified exposure to the nuclear energy sector. This fund aims to capitalise on the increasing global electricity demand and the rising importance of energy security.
It provides a broad investment strategy that spans the entire nuclear energy value chain, offering a unique opportunity to benefit from the expanding role of nuclear energy in addressing the world’s growing energy needs.
This launch is a strategic expansion of BNP Paribas’ THEAM Quant platform, following the success of the New Energy Opportunities and Healthy Living Opportunities funds. By focusing on the nuclear energy ecosystem, the THEAM Quant – Nuclear Opportunities Fund seeks to tap into a long-term investment opportunity that is driven by global efforts to transition away from fossil fuels and meet future energy demands.
With its diversified approach and systematic investment process, the fund aims to deliver strong returns while ensuring alignment with ESG (Environmental, Social, and Governance) principles.
A holistic approach to the nuclear energy Sector
The THEAM Quant – Nuclear Opportunities Fund offers investors diversified exposure to the nuclear energy sector by focusing on three key pillars: nuclear fuel, energy generation, and specialised engineering services. The first pillar, nuclear fuel, includes uranium mining and enrichment—the essential resources needed for nuclear power generation.
The second pillar, energy generation, focuses on the operation of nuclear power plants and the technologies involved. Finally, the third pillar, specialised engineering services, involves companies that provide essential services and engineering support to the nuclear industry.
By focusing on these three pillars, the fund avoids the traditional concentration on uranium miners, which tends to correlate investment returns with the fluctuating prices of uranium. Instead, BNP Paribas has developed a much broader view of the entire nuclear energy value chain, positioning the fund to benefit from a wider range of opportunities within the sector.
Quantitative investment strategy and systematic approach
The THEAM Quant – Nuclear Opportunities Fund follows a long-only investment strategy that blends quantitative models with traditional fundamental analysis. By employing BNP Paribas’ Quantitative Investment Strategies (QIS), the fund integrates artificial intelligence (AI) technology to scan thousands of companies across the nuclear value chain. This AI-driven process helps identify companies that are best positioned to capitalise on emerging trends within the sector, enhancing the fund’s overall risk-return profile.
Vincent Berard, Head of BNP Paribas Global Markets’ Product Strategy for THEAM Quant Funds, explained: “Developing a dedicated nuclear energy strategy was a natural extension of our research into the global energy transition for the previous THEAM Quant – New Energy Opportunities fund. We realised an untapped opportunity to deepen the initial investment universe beyond the somewhat limited scope of public market indices and existing products on the market.
These tend to be heavily concentrated on uranium miners, essentially correlating investment returns with uranium prices, which ultimately under-represents this sector’s full investment potential. This is why we chose to take a much more diversified view of the entire value chain, which promises higher returns within traditional portfolios.”
Sustainable and ESG-Compliant Investment Strategy
The THEAM Quant – Nuclear Opportunities Fund is classified under SFDR Article 8, which means it incorporates ESG factors into its investment process. The fund excludes companies involved in the production of nuclear weapons or those that breach human rights.
Furthermore, it has a lower carbon footprint, maintaining emissions that are 20% below its initial investment universe. This approach aligns with global sustainability goals while providing a transparent and responsible investment opportunity in the nuclear energy sector.
Global Investment Universe and Diversification
The fund’s global investment universe covers approximately 3,000 liquid companies across three major regions: Europe, North America, and Asia. Through quantitative optimisation and quarterly rebalancing, the fund ensures a diversified portfolio that targets the most relevant companies across the nuclear energy value chain. This diversified approach is designed to maximise potential returns while reducing the risks associated with concentrating investments in one specific region or sector.
Roberto Bartolomei, Head of BNP Paribas Global Markets’ Sales for THEAM Quant Funds, noted: “We believe nuclear energy offers compelling a long-term investment opportunity, given regulatory tailwinds and the extensive lifespan of these assets. IEA’s Announced Pledges Scenario projects a 130% increase in global demand for electricity by 2050. Combined with a move away from fossil fuels, nuclear energy is set to play a crucial role in addressing these pressures.
“Our investment process allows us to identify the companies that are best positioned to capitalise on these trends, as well as the future trajectory of this ecosystem. Through Exane’s thematic expertise and the structural advantages of our THEAM platform, we are pleased to able to offer a highly diversified product at the cutting edge of this investment opportunity.”
About BNP Paribas’ THEAM Quant Funds
BNP Paribas’ THEAM Quant Funds represents a range of quantitative funds managed by BNP Paribas Asset Management and developed by BNP Paribas Global Markets’ Quantitative Investment Strategies (QIS) team. This unique platform combines over 30 years of expertise from both BNP Paribas Corporate and Institutional Banking and BNP Paribas Asset Management.
As of 2025, the THEAM Quant range includes over 40 strategies, with more than $5bn in assets under management (AUM). The fund offerings cover a wide array of investment strategies, from high-conviction stock picking to factor investing, thematic investing, and alternative risk premia.
These funds are designed to provide innovative, diversified, and risk-managed solutions for investors seeking alternatives to traditional index trackers. With a focus on transparency and liquidity, the THEAM Quant platform offers access to systematic, disciplined, and alternative strategies that complement traditional multi-asset portfolios.
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