Ten-year Treasury yields have surged nearly 28 percent over the past six months, a move that helps explain why the Utilities Select Sector SPDR (NYSE: XLU) is down 9 percent this year. Among the nine sector SPDR exchange traded funds, only the Energy Select Sector SPDR (NYSE: XLE) has been worse this year.
That is a stark reversal of course from 2014 when XLU was the top-performing SPDR. However, with risk-off recently becoming the name of the game for investors, utilities stocks and ETFs are getting some of their groove back.
In what is turning out to be another turbulent day for U.S. stocks, three of the top 15 ETFs in terms of percentage gains are utilities funds – XLU, the Vanguard Utilities ETF (NYSE: VPU) and the iShares ...
/www.benzinga.com/trading-ideas/long-ideas/15/07/5706403/seeking-refuge-in-utility-etfs alt=Seeking Refuge In Utility ETFs>Full story available on Benzinga.com
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