As the sector most negatively correlated to changes in interest rates, it is not surprising that utilities, the third-smallest sector weight in the S&P 500, have been in the spotlight recently thanks to all the commotion surrounding the Federal Reserve.
The Utilities Select Sector SPDR (NYSE: XLU) and rival utilities ETFs have been enjoying additional days in the sun after the Fed passed on raising interest rates earlier this month. Knowing that borrowing costs could remain close to zero for the another several months, it might not be a bad idea to roll a new utilities ETF out.
That is what New Jersey-based Reaves Asset Management did Thursday with the debut of the actively managed Reaves Utilities ETF (NASDAQ: UTES). Yes, that is correct. An actively managed utilities ETF is here and it makes sense when considering Reaves ...
/www.benzinga.com/trading-ideas/long-ideas/15/09/5864590/this-isnt-your-grandfathers-utilities-etfs alt=This Isn't Your Grandfather's Utilities ETFs>Full story available on Benzinga.com
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