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BEPC - Billionaire Investors Are Buying Utilities Hand-Over-Fist: XLU Implications
Brookfield Renewable Corporation Class A Subordinate
2024-02-08 08:15:00 ET
Summary
XLU has pulled back sharply in recent weeks.
Despite the weak recent performance in the sector, billionaire investors and leading asset managers are pouring hundreds of billions of dollars into the sector.
We take a look at the megatrends and macroeconomic factors that most impact utilities and share what this means for XLU moving forward.
After a strong rally from the beginning of October into mid-December last year, the Utilities Select Sector SPDR ETF ( XLU ) has pulled back sharply: