Amid Higher Interest Rates, Upside Seen For Utilities ETFs

Markets ETF Trends

Even with concerns about higher interest rates, the rate-sensitive utilities sector has been solid this year. For example, the Utilities Select Sector SPDR (NYSEArca: XLU), the largest utilities sector exchange traded fund, is up 10.3% year-to-date. Some market observers believe the sector, prized for its high dividend yield and defensive traits, can keep delivering upside…Click to read more at ETFtrends.com.

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