The Uranium Focused Energy Fund will concentrate on the securities of uranium miners and others in the sector, “supplemented with the securities of other energy-related issuers,” says fund promoter Middlefield Group.

The $195-million initial public offering will be listed on the Toronto Stock Exchange.

“In light of the significant capital and time requirements associated with the development of new uranium mines, the adviser expects uranium prices to remain strong over the life of the fund, which will terminate on Dec. 31, 2013,” Middlefield said Tuesday.