Amid Higher Interest Rates, Upside Seen For Utilities ETFs

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article was provided by our partner Tom Lydon of etftrends.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.