Utilities ETFs Shine in a Low-Yield, Risk-Off Environment
This article was originally published on ETFTrends.com.
While the rest of the markets tumbled, utilities stocks and sector-related ETFs stood out, strengthening in new low-risk environment with depressed yields. Among the better performing areas of the market on Friday, the Invesco DWA Utilities Momentum Portfolio (NASDAQ: PUI) gained 0.7%, Reaves Utilities ETF (NYSEArca: UTES) rose 1.8% and Utilities Select Sector SPDR (NYSEArca: XLU) [...]