XSpring Asset Management (AM) says its XSpring Nuclear and Uranium Technologies Fund (X-NUCTECH) posted a return of 31.9% in baht and 39.3% in US dollars within only three months of its launch.
As of Oct 6, the fund's assets under management (AUM) surged by 704% to 371 million baht from an initial size of 46 million baht when launched on July 14.
Nuclear and uranium stocks have surged as power demand grows, propelled by government policies, global electrification and artificial intelligence (AI) spending. The International Atomic Energy Agency estimates global nuclear capacity to grow by more than 160% by 2050 as it becomes indispensable to achieving clean energy ambitions.
X-NUCTECH invests primarily in the VanEck Uranium and Nuclear Technologies UCITS ETF A USD Acc (NUCL), which has been one of the world's top-performing funds in 2025 with a year-to-date return of 94.2%. NUCL has posted consistent growth over the years, gaining 3.71% in 2022, 39.2% in 2023, and nearly 30% last year.
Such continuous growth reflects the steady rise of global investments in nuclear energy, said Yosakorn Follett, chief executive of XSpring AM.
"This year is a breakthrough year for alternative investments as global interest rates trend downward," he said.
Many investors have shifted away from low-yield deposits towards higher-return assets, particularly mutual funds, a trend that is expected to continue into 2026, said Mr Yosakorn. X-NUCTECH stands out as the company's top performer, reflecting investors' growing confidence in the long-term potential of nuclear energy, he said.
"The fund's rapid growth underscores investors' recognition of nuclear power as a critical solution in the global energy transition," said Mr Yosakorn.
"AI and data centres are driving exponential energy demand, doubling every 3.5 months according to international research. Nuclear power is regaining prominence as one of the few scalable and stable energy sources capable of supporting the modern digital economy."
While X-NUCTECH's local returns in baht were slightly tarnished by the currency's recent strength, XSpring AM expects this to improve as exchange rate conditions normalise, he said, adding the fund's long-term prospects remain strong given the global shift towards clean, efficient and carbon-neutral power sources.
The asset manager is positioning itself as an innovator in thematic and alternative investments, focusing on high-potential global trends such as energy transition, digital transformation and AI, said Mr Yosakorn.