XLU - Utility ETFs: Boring But Tasty In Their Own Way
When I started as an analyst back in 19_none_of_your_business, we rookies typically hid under our desks or in restroom stalls when we knew Lou K, the Assistant Research Director who handled assignments, was looking to unload a pile of utility stocks. Rate base, allowable ROE, regulatory environment, capacity, z-z-z-z-z. Later on, deregulation (sort of) and nuclear plant meltdowns (mainly financial, but a couple for real) jarred the sector from its slumber. Ultimately, though, this remains a relatively ho-hum business. Ditto utility-specific ETFs: there are only eight in our PortfolioWise coverage universe, and most of them