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BUI - May 2019 Utility Review - NRG Takes A Big Hit
BlackRock Utility Infrastructure & Power Opportunities Trust
Sector Stock Performance
May really wasn’t a very good month for utility investors, but it was a miserable month for investors in other sectors. Owners of the Utilities Select Sector SPDR ETF (XLU) should be happy with only losing 0.8% of their money over that span. The XLU is now ahead of the S&P 500 YTD, and is only trailing the technology, industrial, and consumer discretionary sectors in 2019.
Exhibit 1
Source: FactSet and Garnet Research
Utilities were net losers for the month even though falling interest rates should have been a great