In this episode of Trusts in Focus, we’re looking at Geiger Counter (GCL), which provides differentiated exposure to the long-term growth potential of uranium and nuclear energy.
We explore the investment case for uranium - from the growing role of nuclear power in lower-emission energy systems to rising electricity demand driven by artificial intelligence and energy security - alongside the structural supply shortfall emerging in the market, including geopolitical dynamics, China’s accelerating nuclear buildout and constrained Western production.
We also run the rule over the key drivers of GCL’s performance, from its overweight exposure to developers and North American concentration, including high-conviction positions such as NextGen Energy, before discussing portfolio construction, gearing, volatility and what a sustained higher uranium price environment could mean for returns.
00:00 Introduction
00:40 The investment case for uranium
02:00 Geopolitics and price dynamics
03:13 Portfolio positioning and developer exposure
04:33 Performance and market leadership
05:30 Volatility, concentration and gearing
06:20 Active strategy versus passive exposure
06:38 Further information
06:46 Risk warning
Please note that this video was recorded on 3 February 2026.
